HomeMy WebLinkAboutItem 06Lakeville
Memorandum
To: Mayor, City Council & City Administrator
From: Brett Altergott, Parks & Recreation Director
Copy: John Hennen, Parks & Operations Manager
Date: May 8, 2014
Subject: 2014 - 2018 Park Dedication Proposed Revisions
City of Lakeville
Parks & Recreation
With the potential for two parkland acquisitions in 2014 and 2015, Administration requested
that staff review the Park Dedication Fund and recommend adjustments that could be made
to finance the acquisitions. After careful review of the 2014 - 2018 Park Dedication Fund staff
is recommending the following revisions to the fund (see Exhibit A for general overview of
the fund & Exhibit B for project detail):
1. All scheduled activities for 2014 remain, with the exception of the $12,000 irrigation
project at the Aronson Park Veterans Memorial.
2. Increase 2014 expenditures by $700,000 for the acquisition of the Warweg property.
3. Move the $230,000 for the irrigation of King Park fields from 2015 to 2017.
4. Close on the sale of the King Creek Greenway (19 acres adjacent to Rose Creek) to a
developer for $950,000+_ by the summer of 2015 and have the proceeds deposited in
the Park Dedication Fund.
5. Move the $137,600 for the parking lot paving at Quigley -Sime from 2016 to 2017.
6. Move phase 1 King Park lighting project from 2015 to 2018. Phase 1 of the lighting
project would now take place in 2017.
7. Deferred $359,730 worth of projects scheduled for 2016.
The recommended adjustments to the Park Dedication Fund allows for the purchase of the
Warweg property in 2014. Furthermore, assuming we sell the 19 -acre King Creek Greenway
for $950,000 ($50,000 per acre) in 2015 the fund would have the estimated $1.5 million
needed to acquire the remaining 30 acres of the proposed park in the Mattamy development
by the end of that year.
If you have any questions do not hesitate to contact me.
Exhibit A
Revenues
Park Development Fees
Park Development Fees - credits
Valley Park antenna
Federal Grants
Dakota County- Trails
King Creek Greenway (Sale)
Escrows
Donations/Other
Total Revenues
Expenditures
General Items
Planning and design
Fee Analysis - CII property
Developers Credit
Other
Trail Construction
Dodd: 208th to Hwy 50
Northcreek Greenway Trail
185th: Jamaica to Ipava (north side)
Maior Construction
Veteran Memorial irrigation
Pave Quigley -Sime parking lot
Pave Chenyview hockey rink
Pave Greenridge hockey rink
Pave Meadows parking lot
Aronson parking lot safety netting
Pave Foxborough parking lot
Berres Cabin at Ritter - upgrades
King Park
Pave parking lot
New playground
Irrigate fields #,1-6
Lighting
Drainage system
Land Acouisition
Antlers Park Expansion (Warweg)
Mattamy Playfields
Park Construction
Summerlyn Park
Total Capital Improvements
Net Increase/(Decrease)
Fund Balance, Jan 1
Fund Balance, Dec 31
Park Dedication Fund
Statement of Revenue, Expenditures and Changes in Fund Balance
2014 2015 2016 2017 2018
791,240 1,0261660 1,007,280 1,055,920 1,232,960
339,000 440,000 431,000 453,000 529,000
20,260 20,260 20,260 20,260 20,260
899,410
65,991 400,452
950.000
9,948
55,000 - 150,000 150,000
$ 1,281,439 $ 3,736,782 $ 1,458,540 $ 1,679,180 $ 1,932,220
20,000 20,000 10,000 10,000 10,000
7,000 7,000
339,000 440,000 431,000 453,000 529,000
120.000
100,000 1,224,267
319,264
38,137
236.073
180,800
700,000
1,500,000
32,000 300,000
137,600
Deferred
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12,000
42,310
44,420
38,000
45,000
40,000 359,730
232,500
562,538 635,325
95,000 135,000 150,000
1,766,010
3,810,531
441,000
1,497,638
1,309,325
(484,571)
(73,749)
1,017,540
181,542
622,895
921,960
437,389
363,640
1,381,180
1,562,722
$ 437,389
$ 363,640
$1,381:180
$ 1,562,722 $
2,185,617
Exhibit B
2014 CIP PROJECTS (Park Dedication Fund)
1. Dodd Blvd. Trail: 208' - Hwy 50
Revenue: Park Dedication - $56,067
Dakota County - $80,685
Escrows - $9,948
$146,700
Expenditures: $146,700 (Budget)
$120,000 (Bid Incl. Eng Fees)
2. King Park - Parking Lot
Revenue: Park Dedication - $255,000
Expenditures: $255,000 (Budget)
$236,073 (Bid Incl. Eng Fees)
3. Warweg Acquisition
Revenue: Park Dedication - $700,000
Expenditures: $700,000
4. King Park Playground
Revenue: Park Dedication - $100,000
Miracle League - $50,000
MN Energy $5,000
Donations - Additional requests pending
Expenditures: $180,800
5. Summerlyn Park Final Design & Bid Specs
Revenue: Park Dedication - $32,500
Expenditures: $32,500 (Budget)
$32,000 (Quote)
6. Aronson Park Safety Netting (Field #4)
Revenue: Park Dedication - $40,000
Expenditures: $40,000 (Budget)
$38,137 (Quote)
7. Planning & Design
Revenue: Park Dedication - $20,000
Expenditures: Park Plan Update $7,000
Legacy Park $6,000 (Quote)
Concept Plan
8. North Creek Greenway
Revenue: Park Dedication - $100,000
Expenditures: $100,000
Exhibit 8
2015 CIP PROJECTS (Park Dedication Fund)
1. North Creek Greenway
Revenue: Federal Grant - $899,410
Dakota County - $224,857
Park Dedication - $100,000
$1,224,267
Expenditures: $1,224,267
2. 185t1 Street Trail: Jamaica - Ipava
Revenue: Dakota County- $175,595
Park Dedication - $143,669
$319,264
Expenditures: $319,264
3. Mattamy Playfields
Revenue:
Expenditures:
Sale of King Creek - $950,000
Park Dedication - $550,000
$1,500,000
$1,500,000
4. Summerlyn Park Construction
Revenue: Park Dedication - $300,000
Expenditures: $300,000
5. C/I Property Fee Analysis
Revenue: Park Dedication - $7,000
Expenditures: $7,000
2016 CIP PROJECTS (Park Dedication Fund)
No projects scheduled
Exhibit B
2017 CIP PROJECTS (Park Dedication Fund)
1. CA Property Analysis
Revenue: Park Dedication - $7,000
Expenditures: $7,000
2. Quigley: Sime -Parking Lot
Revenue: Park Dedication - $137,600
Expenditures: $137,600
3. King Park: Irrigation Fields 1 - 6
Revenue: Park Dedication - $232,500
Expenditures: $232,500
4. King Park: Lighting Fields 2, 3 & 4 including Parking Lot & Design
Revenue: Park Dedication - $412,538
LBA Donation - $150,000
$562,538
Expenditures: $562,538
5. King Park: Drain Tile Fields 2 & 4
Revenue: Park Dedication - $95,000
Expenditures: $95,000
6. C/I Property Fee Analysis
Revenue: Park Dedication - $7,000
Expenditures: $7,000
Exhibit B
2018 CIP PROJECTS (Park Dedication Fund)
1. King Park: Lighting Fields 1, 5 & 6 including Trail Lighting
Revenue: Park Dedication - $485,325
LBA Donation - $150,000
$635,325
Expenditures: $635,325
2. King Park: Drain Tile Fields 1, 5 & 6
Revenue: Park Dedication - $135,000
Expenditures: $135,000