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<br />The Elk River Vision <br />A welcoming community with revolutionary and spirited resourcefulness, exceptional <br />service, and community engagement that encourages and inspires prosperity. Updated: January 2023 <br />Request for Action <br /> <br /> <br /> <br /> <br /> <br />To <br />Parks and Recreation Commission <br />Item Number <br />7.4 <br />Agenda Section <br />Action Item <br />Meeting Date <br />May 10, 2023 <br />Prepared by <br />Michael Hecker, Parks and Recreation Manager <br />Item Description <br />Updated Park Improvement Fund and Park <br />Dedication projects <br />Reviewed by <br />Joe Stremcha, Assistant City Administrator <br />Reviewed by <br />Cal Portner, City Administrator <br /> <br />Action Requested <br />Discuss the updates to the Park Improvement Fund and Park Dedication project budget. <br /> <br />Recommend, by motion, to accept the Lion John Weicht Park playground design for $309,000 from Park <br />Dedication and $100,000 from the Park Improvement Fund and adjust the WTRP storage garage funding to <br />$132,400 from Park Dedication and $17,600 from the Park Improvement Fund and other adjustments as <br />recommended by the Commission. <br /> <br />Background/Discussion <br />At the April 12 meeting, the Parks and Recreation Commission discussed adjusting funds from the PIF and Park <br />Dedication Fund to make it possible to purchase the new Lion John Weicht Park playground. <br /> <br />This adjustment was accomplished by sharing two projects between the PIF and Park Dedication funds. The <br />WTRP storage garage was changed to $17,600, PIF (the current 2023 tax assessment amount) and the remaining <br />balance from $132,400 Park Dedication. Originally, it was $150,000 from PIF. <br /> <br />The Lions playground was changed to $100,000 PIF (cost to replace the current container) and the remaining <br />balance from $309,000 Park Dedication. It was originally $200,000 PIF. <br /> <br />Two additional adjustments recommended by the Commission include removing the $280,000 for the Ninja <br />Playground from Park Dedication and delaying the replacement of the Country Crossing playground by one year, <br />to 2025. <br /> <br />Financial Impact <br />Changes were made to the park funds with the objective of allocating funds in the amount of $409,000 to <br />purchase the Lion John Weicht Playground design recommended by the Commission. <br /> <br />Mission/Policy/Goal <br />Opportunity to live, work and play <br /> <br />Attachments <br /> PIF and Park Dedication fund updated spreadsheets. <br />