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City of Elk River <br />REQUEST FOR COUNCIL ACTION Item Number <br />63 <br />Agenda Section Meeting Date Prepared by <br />Joint Meeting with Parks and April 10, 2006 Bill Maextz, Parks and Recreation <br />Recreation Commission Director <br />Item Description Reviewed by <br />Future Referendum fox Parks and Trails Loxi ohnson, Ci Administrator <br />Introduction <br />Discussion of a potential referendum fox parks and trails development. <br />Discussion <br />• The 5 year Capital Improvement plan, revised in 2004 totals $4,296,400. <br />• The nail development estimate is $4,000,000. <br />• The purchase of Pinewood will have some impact on the park dedication fund balance. <br />• Land acquisition, even with matching grants, will be substantial but should be pursued as soon <br />as possible due to rapidly increasing land prices. <br />• Athletic associations axe advocating foz field development due to a shortage of ball fields. <br />These are all impartant projects that will add to the quality of life in Elk River. In addition, these <br />expenditures can be seen as an investment that will show along-range return in property values and <br />quality real estate investment. <br />Staff recommends that in 2007 the park dedication budget should include funds to revise and update the <br />1997 Paxk System Master Plan. As part of this process, a consultant would work with staff to hold an <br />extensive seises of public meetings. This "visioning process" would create a system plan that reflects <br />resident's values. This in turn, would give residents "ownership" of the funding solutions, such as a <br />referendum. <br />Financial Impact <br />Staff found four recent system plans completed: <br />Hassan Township $38,000 <br />Minnetrista $40,000 <br />Independence $68,000 (lots of public process) <br />Mankato $38,000 <br />Attachments <br />None <br />C:\Documencs and Se[tings\tallaxd\Local Seclings\Temporary Ivtemet Piles\OLKF\G.3 Referendum <br />