Laserfiche WebLink
The Elk River Vision <br />A welcoming community with revolutionary and spirited resourcefulness, exceptional service, and community <br />engagement that encourages and inspires prosperity <br /> <br /> <br />Request for Action <br /> <br />To <br />Parks and Recreation Commission <br />Item Number <br />4.1 <br /> <br />Meeting Date <br />November 20, 2024 <br />Prepared By <br />Jeff Shelby, Recreation Manager <br /> <br />Item Description <br />2025 Capital Improvement Plan <br />Reviewed by <br />Jeff Shelby <br />Joe Stremcha <br /> <br />Action Requested <br />Approve, by motion, a recommendation to city council the Capital Improvement Plan (CIP) for Park <br />Dedication and Park Improvement Funds <br /> <br />Background/Discussion <br />At the November 13, 2024, Work Session, staff provided the commission with an overview of the CIP for <br />Park Dedication and Park Improvement Funds. The commission requested additional information be gathered <br />for their CIP recommendation to the city council at a Parks and Recreation Commission Special Meeting on <br />Wednesday, November 20. <br /> <br />The Park Dedication Fund cash balance has decreased from last year to a current balance of about $1,025,000 <br />as of 9/30/2024. Projects planned for 2025 include consultant fees for park development on the Jackson Street <br />water tower property, paving the parking lot at Hillside Park, and trail development. <br /> <br />The Park Improvement Fund funds the replacement and maintenance of park amenities with an annual <br />$250,000 transfer from the Liquor Fund. The projects prioritized by the Parks & Recreation Commission for <br />2025 include replacing basketball courts at Kliever Lake Fields and Deerfield/Ridgewood, updating the Parks <br />and Recreation Master Plan, and miscellaneous equipment replacement at several parks. <br /> <br />Financial Impact <br />Expenses vary based on individual projects. <br /> <br />Mission/Policy/Goal <br />Responsible for every dollar - good stewards. <br /> <br />Attachments <br />1. CIP Budget Details <br /> <br /> <br />Page 2 of 14