7.1. SR 05-05-2014 - Laserfiche WebLink

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. � 11' Elk Elk River Comp ehensive Plan River Funding Source Description / Overview Probability State Outdoor The State of Minnesota annually allocates funds for park Very competitive, especially with very tight public Recreation, LCCMR, acquisition and development projects which meet recreational funding available at all levels. Most promising might be Legacy Fund, and needs identified by the State Comprehensive Outdoor Recreation Legacy Amendment Funds, especially for parks or trails Similar Grants Plan. In recent years, Legacy Amendment Fund has emerged as of regional significance. a legitimate potential funding source for projects of regional or state -wide significance. Whatever the program, the grants are competitive and awarded according to project merits. Land and Water The federal government allocates monies each year to states Funding availability through this program has been Conservation Fund for public acquisition and development projects. The State of limited in recent years. Minnesota Administers these grants through the Department of Natural Resources. Federal Transportation The federal government allocates monies each year for alternative Funding availability through this program has been Funds (T -21, RTP, etc.) forms of transportation, which includes bicycle trails that focus on significant in past years. The potential for receiving transportation. funding for local trails is relatively good. FeeslEnterprise Funds Minnesota statute allows cities to prescribe and provide for the Becoming a much more relied upon funding source, collection of fees for the use of any city park or other unit of the especially for singular use facilities ranging from city park system or any facilities, accommodations, or services ballfields to hockey arenas. provided for public use therein. Partnerships Relates to partnerships formed with adjacent cities, the county, Although limited public funding availability is an issue and school districts to develop, maintain, and operate parks and at all levels, forming partnerships to spread the cost of recreational facilities on a joint -use basis. providing a specific type of service or facility still has merit whenever there is an opportunity. Park Dedication Fees The park dedication fund provides funding for parks as long as Even with periodic adjustments, park dedication fees community development continues to occur. Any controls imposed alone will not be adequate to fund the system plan to an on the extent (i.e., total number of units) or rate of development optimal level. (i.e., number of units per year) allowed within the city will limit the revenue generated under this fund. The City will need to ensure the fees imposed are consistent with current state statutes. Donations Donations relates to cash donations, gifts, volunteerism, and Limited potential from a cash perspective, but important professional services donated to the park for planning, acquisition, with respect to the use of volunteers to offset some or development purposes. program costs. Local Sales Tax A local sales tax is a special - purpose tax implemented and levied at As much as the sales tax approach offers high degree Increase the city level. A local option sales tax is often used as a means of of merit, it must be noted that enacting it requires raising funds for specific local or area projects, such as improving approval by the State Legislature following requirements parks and trail within the community. established by state statue. In an ever shifting political environment, getting this approval is not always certainty. Park and Trail Bond A Bond Referendum is a way to borrow money to fund capital Although many communities have been successful Referendum projects and it normally requires voter approval. Collection of the at passing bond referendums to fund park and trail money is carried out by taxing local property owners. improvements in recent years they have done so by having a detailed park and trail system plan, completed community surveys to understand priorities, and have carried out a marketing campaign that educated citizens on the monetary impacts and the value added to the city. Chapter 10: Parks, Recreation, Trails, and Open Space / 109