01-20-1992 CC MIN - SPECIAL - Laserfiche WebLink

Home Browse Search

City Council Work Session Minutes January 20, 1992 Page 4 . Impact fees related to development projects are also anticipated to be received in the amount of 17,500 per quadrant. IQdustrial Park Land Purchase - The City anticipates finalizing this $260,000 purchase in 1992. City expenses for the project is $155,000 and $50,000 for the park land site that will be financed with NSP monies. The $155,000 expense is planned to be financed by the City Liquor Store Fund ($110,000), the Capital Projects Fund ($20,000), and the Undesignated Equipment Reserves ($25,000). The Elk River Municipal Utilities is also paying $55,000 towards this purchase. This purchase has already received City Council approval. Tax Forfeited Properties - The City Council reserved its right to purchase tax forfeited properties in 1992 depending upon information received from the County Assessor's department on the value of the properties. A number of sites may be desired which relate to drainage areas, street extension possibilities and potential park sites. If land is purchased, it would be financed from the Capital Projects Fund. Approximately $25,000 was reserved for this potential expenditure. . Park Improvements - The City Council acknowledged that the Park and Recreation Commission would be making its annual recommendation to spend some Park Dedication monies on smaller improvements in some of the neighborhood and community parks. It was noted that most of the improvements in Barrington Place Park have been completed in 1991. The City Council allocated $10,000 from the Capital Projects Fund for improvements in Deerfield IV Park. City Council reserved $25,000 from Park Dedication monies for disbursements based on the anticipated Park and Recreation Commission recommendations. This $25,000 allotment included an additional $5,000 for Deerfield IV park improvements as it was anticipated that $15,000 would be necessary for any type of significant improvements at this site. Ri verbank Rip-Rap The City Council acknowledged that if a grant was approved, matching funds in the amount of $15,000 for this project would come from the Capital Projects Fund. A grant was received and work was completed in 1991 on a similar project. . Railroad Trail The City Council expressed its desire to improve the abandoned railroad trail from the core village up to Woodland Trails Park. The improvement may be a combination of gravel, limestone or bituminous with the trails being realigned through the Community Education/City recreation site that is under development. The City Council allocated $30,000 from the Capital Projects Fund for this improvement in 1992. It was noted that a LAWCON Grant will be applied for in 1992 for improvements in 1993, and this grant application may include improvements to the railroad trail.