Laserfiche WebLink
<br />. <br /> <br />The park dedication fund has a cash balance of $217,000. A few <br />additional expenses need to come out of this fund for the completion of <br />the Phase I YAC improvements. Additionally, $49,000 needs to come <br />from this fund for the railroad trail improvement matching grant <br />requirement (this is actually a net of $30,000 as the city is proposing to <br />spend its $19,400 trail equipment reserve monies as part of this <br />matching requirement). Finally, the city still owes the county $25,000 <br />for the Proctor Avenue pedestrian trail improvement from a few years <br />ago. Accordingly, between the recommended expenditures from the <br />commission, the County Road 1 trail, the railroad trail, and the <br />completion ofYAC Phase I, over $115,000 is scheduled to come out of <br />this fund. <br /> <br />Last year the city received $134,000 in park dedication revenues and <br />spent approximately $115,000 for improvements. The level of revenue <br />for 1999 is uncertain and depends upon development proposals and the <br />need for land within these development proposals versus receiving cash. <br />The end of year fund balance for the park dedication fund has recently <br />been: <br /> <br />. <br /> <br />1993 <br />1994 <br />1995 <br />1996 <br />1997 <br />1998 <br /> <br />$101,000 <br />$168,000 <br />$108,000 <br />$169,000 <br />$204,000 <br />$219,000 <br /> <br />Overall this status is not too bad considering that we have consistently <br />made some modest park improvements throughout the city in the last <br />few years. <br /> <br />The commission is still working on the recommendation for some type of <br />shelter at Woodland Trails and this is expected to be in the $15,000 - <br />$20,000 neighborhood and forthcoming in the next month or two. <br /> <br />The second motion made by the commission when it reviewed its park <br />dedication proposal included a motion to spend some equipment <br />reserves for the purchase of a grass seeder. <br /> <br />. <br /> <br />6.7. Youth Athletic Complex - The four-field YAC was used last summer. <br />Improvements are ongoing and most recently (last fall) the street/park <br />department completed some drainage improvements. The parking lot is <br />gravel and, ultimately, we would like to have this improved to a <br />bituminous status, but this is a number of years away depending on <br />