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Item # 7. <br />ver <br />MEMORANDUM <br />TO: Parks and Recreation Commission <br />FROM: Bill Maertz, Parks and Recreation Director <br />DATE: May 10, 2006 <br />SUBJECT: Directors Report <br />1. Park dedication fund balance: Please note that the budget sheet shows $390,000 <br />as payment for Pinewood. This is an error and will be corrected. The City Council <br />voted to make this initial payment from the funds that come from the NRG <br />payments. <br />2. 2006 Grant applications: Staff requested $675,000 in grants from the DNR in <br />2006. DNR staff notified staff they will be doing apre-awards tour of the golf <br />course and Malmstrom property in May. <br />3. Bid openings for Rivers Edge Commons are scheduled for May 9. Staff will <br />provide an update at the ay 10 Park commission meeting. <br />4. Library Project Update: see attached. <br />ATTACHMENTS: <br />Park Dedication Fund Balance <br />Library site plan and image <br />