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HomeMy WebLinkAboutPark DedicationCIP CIP CIP CIP CIP CIP CIP CIP CIP CIP CIP CIP Totals Totals 2021 Estimate 2022 2023 2024 2025 2026 2022-2026 2027 2028 2029 2030 2031 2027-2031 2022-2031 REVENUES Park Development Fees 1,882,645 1,208,023 1,254,792 1,302,965 1,352,582 1,403,688 6,522,051 1,456,328 1,510,546 1,566,391 1,623,912 1,683,158 7,840,334 14,362,385 Park Development Fees - credits 435,000 435,000 435,000 435,000 435,000 435,000 2,175,000 435,000 435,000 435,000 435,000 435,000 2,175,000 4,350,000 Avonlea Farm Land Rental 3,900 3,900 3,900 - - - 7,800 - - - - - - 7,800 Escrow Funds - - - - - - - - - - - - - Interest 24,900 32,600 20,200 17,800 19,800 18,200 108,600 15,700 9,300 14,300 16,100 18,600 74,000 182,600 Other - - - Bond Proceeds (Antlers)1,000,000 10,576,250 - 11,576,250 - - - - - - 11,576,250 Bond Proceeds (Avonlea)600,000 16,185,575 16,785,575 - 16,785,575 Bond Proceeds (Trail Gaps/Connectivity)4,283,225 4,283,225 4,283,225 Bond Proceeds (East Community)350,000 2,325,000 2,675,000 - 2,675,000 Bond Proceeds (Ritter Park/Cabin Improvements)50,000 1,539,500 1,589,500 - 1,589,500 Donations/Contributions:- - - Donations - LBA - King Park Lighting 50,000 - - - - - - - - - - - Contributions- Dakota County- Antlers Park/Lake Marion GreenwayTrailhead - 300,000 - - 300,000 - - - - - 300,000 Contributions- Dakota County- Antlers Park/Lake Marion GreenwayTrailhead - (300,000) - - (300,000) - - - - - (300,000) Contributions- Dakota County- Lake Marion Greenway/Ritter Farm Trail Improvements (75% of total est. cost of project)825,000 825,000 825,000 - 2,475,000 - - - - - 2,475,000 Contributions- Dakota County- Lake Marion Greenway/Ritter Farm Trail Head (50% of total est. cost of project)- 300,000 - - 300,000 - - - - - 300,000 Contributions- Dakota County- Lake Marion Greenway - Downtown Gateway (mini trail head) (50%)- 50,000 - - 50,000 - - - - - 50,000 Contributions- Dakota County- Lake Marion Greenway -South Creek Section Feasibility Study - 30,000 - - 30,000 - - - - - 30,000 Contributions- Dakota County- North Creek Greenway Trail RFP (2020) Design (2021) Const. (2022) (County led-project, 100% County share)- - - - - - - - - - - - - Contributions- Dakota County - East Community Park Trailhead 300,000 300,000 - 300,000 Contributions- Dakota County - East Community Park Trailhead (300,000) (300,000) Contributions- Dakota County - Aronson Park Improvements 7,150 Donations - LCA (West Lake Marion Bike Course)800 - - - - - - - - - - - - Donations - Memorial Bench - - - - - - - - - - - - Donations - Lions, Rotary, FLAAC (Arts Center Burial of O.H. Eletric Lines)18,000 Donations - other - - - - - - - - - - - - Total Revenues 2,422,395 2,729,523$ 19,567,867$ 19,466,340$ 4,957,382$ 1,856,888$ 48,578,001$ 1,907,028$ 1,954,846$ 2,015,691$ 2,075,012$ 2,136,758$ 10,089,334$ 58,967,335$ Revenue Notes: Park Development fee revenues by year are based on 1) an increase of 5% to the fee in 2022, and 3% increases in 2023-2031, and 2) 350 units in 2022 and 300 units per year from 2023 to 2031. Contributions from Dakota County toward Antlers Park/Lake Marion Greenway/Trailhead and East Community Park Trailhead are anticipated. To be conservative, Staff is including 100% of the project costs as proposed to be funded by a possible bond referendum. If the projects move forward, all possible grants/other contributions will be included to reduce the amount of bonds issued. The possible County contributions are currently shown as both a positive and negative amount such that they are not impacting the amount of funds available to be spent, but the plan for use of Dakota County funding is still apparent. If the bond referendum is approved and as project costs are finalized, the negative amounts will be removed and bond amounts reduced as necessary. EXPENDITURES Aronson Park Impacts from CR50 Project (15-12) (2020)20,000 - - - - - - - - - - - - - Aronson Park Bocce Courts - - - - - - - - - - - - - Aronson Park Safety Fencing field 3 - - - - - - - - - - - - - - Cedar Crossing Park - - - - - - - - Master Plan (2020)- - - - - - - - - - - - - Planning/Design/Const. Adm.93,700 - - - - - - - - - - - - - Construction 943,138 - - - - - - - - - - - - - North Creek Greenway Park - - - - - - - - Master Plan 9,850 - - - - - - - - - - - - Planning/Design/Const Adm 20,000 15,000 - - - 15,000 - - - - - - 15,000 Construction 600,000 - - - 600,000 - - - - - - 600,000 North Creek Greenway Trail - - - - - - - - City Responsible Assistance In Design & Construction - - - - - - - - - - - - - Dakota County Pays for RFP (2020), Design (2021), Construction (2022)- - - King Park - - - - - - - - - - - - - - Irrigate fields 4, 6, 7 and 8 (2020)- - - - - - - - - - - - - - Lighting 2016 & 2018 - - - - - - - - - - - - - - Drainage system- fields 1, 2, 5, Phase II (2019)- - - - - - - - - - - - - - Drainage system- fields 4, 6, 7, 8 & 9 Phase I (2018)- - - - - - - - - - - - - -Safety Fencing 2, 4 & 6; Planning/Design/Specs 12,000 - - - -Safety Fencing 2, 4 & 6; Construction 175,000 - - - - 175,000 - - - - - - 175,000 Pinnacle Reserve at Avonlea Park and Greenway - - - - - - - - - - - - - Master Plan 11,000 - - - - - Planning/Design/Const Adm 25,000 15,000 - - - - 15,000 - - - - - - 15,000 *Construction 750,000 - - - - 750,000 - - - - - - 750,000 *Includes:Park, Trails, and Lighting from Hamburg to Highview - - - Casperson Performance Stage and Parking Expansion - - Master Plan 7,500 - - - - - Planning/Design/Const. Adm.40,000 25,000 - - - - 25,000 - - - - - - 25,000 Construction 650,000 - 650,000 - 650,000 The Preserve Greenway - - - - - - - - - - - - - Master Plan - - - Planning/Design (Play Pods)- - - - - - - - - - - - - - Construction / Trail Lighting Below - - - - - - - - - - - - - Aronson Electric Service to LFSA Garage 20,000 - - - 20,000 - - - - - - 20,000 Aronson Park Shelters 150,000 - - - 150,000 - - - - - - 150,000 Antlers Park - - - - - - - - - - - - - - - - Planning/Design/Const. Adm.1,000,000 250,000 - - - 1,250,000 - - - - - - 1,250,000 Improvements/Construction 10,326,250 - - - 10,326,250 - - - - - - 10,326,250 Knob Hill Park - - - - - - - - - - - - - Master Plan 15,000 - - - - 15,000 - - - - - - 15,000 Planning/Design/Const. Adm.60,000 40,000 - - - 100,000 - - - - - - 100,000 Construction - 950,000 - - - 950,000 - - - - - - 950,000 Ritter Farm Park - - - - - - - - - - - - - Master Plan 50,000 - - - Cabin and Park Improvements; Design 50,000 50,000 - - - 100,000 - - - - - - 100,000 Cabin & Park Imp. Including Construction Mgt. Services, ELC Demo, Asbestos / WSB services - 1,498,625 - - - 1,498,625 - - - - - - 1,498,625 Lake Marion Greenway/Ritter Farm Trail - - - - - - - - Lake Marion Greenway/Ritter Farm Trail Improvements 1,100,000 1,100,000 1,100,000 3,300,000 3,300,000 Lake Marion Greenway/Ritter Farm Trail Head - - 600,000 - 600,000 600,000 Proposed Park Dedication Fund 2022-2031 (with 3% annual park dedication fee increase) Proposed Park Dedication Fund 2022-2031 (with 3% annual park dedication fee increase) Lake Marion Greenway - Downtown Gateway (mini trail head) - 100,000 - - 100,000 - - - - - - 100,000 Lake Marion Greenway -South Creek Section Feasibility Study - 30,000 - - 30,000 - - - - - - 30,000 Avonlea Community Park - - - - - - - - Master Plan (2018)- - - - - - - - - - - - - Planning/Design/Const. Adm.600,000 400,000 - - 1,000,000 - - - - - - 1,000,000 Construction 15,785,575 - - 15,785,575 - - - - - - 15,785,575 East Community Park - - - - - - - - Master Plan (2018)- - - - - - - - - - - - - Planning/Design/Const. Adm.350,000 185,000 - 535,000 - - - - - - 535,000 Construction - 2,140,000 - 2,140,000 - - - - - - 2,140,000 Brennan Park - - - - - - - - Master Plan - - 14,000 - - 14,000 - - - - - - 14,000 Planning/Design/Const. Adm.- - 45,000 20,000 - 65,000 - - - - - - 65,000 Construction - - - 700,000 - 700,000 - - - - - - 700,000 Spyglass Park Phase 2 - - - - - - - - - - - - - Master Plan - - - 18,000 - 18,000 - - - - - - 18,000 Planning/Design/Const. Adm.- - - 45,000 20,000 65,000 - - - - - 65,000 Construction - - - - 650,000 650,000 - - - - - 650,000 N.W. Corner of 205th St. & I-35 Park - - - Master Plan - - - 20,000 - 20,000 - - - - - - 20,000 Planning/Design/Const. Adm.- - - 50,000 20,000 70,000 - - - - - - 70,000 Construction - - - - 850,000 850,000 - - - - - 850,000 Keokuk Avenue/172nd St. Park - - - - - Master Plan - - - 20,000 20,000 - - - - - - 20,000 Planning/Design/Const. Adm.- - - - 50,000 50,000 20,000 - 20,000 70,000 Construction - - - - - - 700,000 - 700,000 700,000 Knollwood Circle Lake Access (Dock, Canoe/Kayak Rack, Parking)- - - - - - - - Planning/Design/Const. Adm.- - - - 10,000 10,000 - - - 20,000 20,000 Construction - - - - - 225,000 - - - 225,000 225,000 S.W. Corner of 210th & I-35 - - - Master Plan - - - - - - - 20,000 - - - 20,000 20,000 Planning/Design/Const. Adm.- - - - - - - 55,000 25,000 - - 80,000 80,000 Construction - - - - - - - - 900,000 - - 900,000 900,000 S of 185th and E of Future Ixonia Avenue Extension - - - Master Plan - - - - - - - 20,000 - - 20,000 20,000 Planning/Design/Const. Adm.- - - - - - - 55,000 25,000 - 80,000 80,000 Construction - - - - - - - - 900,000 - 900,000 900,000 Other Projects - - - - - - - - - - - - - Arts Center Burial of O.H. Electric Lines 35,000 West Lake Marion Park Mountain Bike Course - Skills Area (2020) (Bike Fix-It Station - 2021)1,485 - - - - - - - - - - - - - Bunker Hill Pickleball Court Design/Const. Admin 19,500 - - - - - - - - - - - Bunker Hill Pickleball Court Construction 196,065 - - - - - - - - - - - Casperson Park - Soccer Parking Lot Fencing 20,000 - - - - 20,000 - - - - - - 20,000 Art in the Park/Heritage Center 25,000 10,000 10,000 45,000 - 45,000 ADA Transition Plan 150,000 150,000 - 150,000 Aronson Vets Memorial Landscape Improvements (concrete curbing, plant material)7,500 7,500 7,500 Parks, Trails and Open Space Plan - - - - - 150,000 - - - - 150,000 150,000 Park Dedication Fee Analysis C/I Values - - - 15,000 - 15,000 - - - - - 15,000 Other- Developer pass-through Cost - - - - - Trails - - - - - - - - - - - - - Trail Connectivity 50,000 100,000 100,000 100,000 100,000 450,000 100,000 100,000 100,000 100,000 100,000 500,000 950,000 Highview Avenue (West Side) - 165th St. to 168th St.208,000 - - - 175th St Trail Construction - Dodd Blvd to Tunnel in Cherryview Park 50,000 50,000 - 50,000 Trail Gaps/Connectivity (bonded project) 4,283,225 4,283,225 - 4,283,225 185th St/Future CSAH 60 (Highview Ave - Street 7) Trail (CP 20-10)29,700 - - - - - - - - - CSAH 70/210th St (E of Kensington Blvd - Cedar Ave) Trail (CP 20-05)185,000 - - - - - - - - - - 210th St Trail (CP 22-03) Both sides LSHS to Downtown 755,000 - 755,000 - - - - - - 755,000 CR50 Trail and trail underpass (15-12 project)- - - - - - - - - 185th St/Future CSAH 60 (Dodd Blvd - Highview Ave) Trail (CP 24-04)75,000 - - - 75,000 - - - - - - 75,000 179th St/Future CSAH 9 (Hayes Ave - Cedar Ave) Trail (CP 23-04)- 180,000 - 180,000 - - - - - - 180,000 185th St (CSAH 50-Ipava) (CP 23-05)100,000 100,000 100,000 CSAH 9 (210th-CSAH 50) (CP 26-04)60,000 60,000 60,000 Dodd Blvd Trail (CP 21-05) Trail Gaps between Cedar and Pilot Knob on both sides - - - - - - - - - - - CSAH 46 TRAIL (PILOT KNOB TO DIAMOND PATH)- - - New Trail Lighting - - - - - - - - - - - - - Highview Avenue (East Side; Griffon to 168th St.) 21,000 - - - Highview Avenue (West Side; 165th St to 168th St) 60,500 - - - Stoneborough Park 45,000 - - - - - - - - - - - - - The Preserve Greenway Trail Lighting 90,000 90,000 - 90,000 185th St/Future CSAH 60 (Highview Ave - Street 7) Trail Lighting (CP 20-10)20,000 - - - - - - - - - CSAH 70/210th St (E of Kensington Blvd - Cedar Ave) Trail Lighting (CP 20-05)155,000 - - - - - - - - - - 210th St Trail Lighting (CP 22-03)145,000 - 145,000 - - - - - - 145,000 185th St/Future CSAH 60 (Dodd Blvd - Highview Ave) Trail Lighting (CP 24-04)25,000 - - - 25,000 - - - - - - 25,000 179th St/Future CSAH 9 (Hayes Ave - Cedar Ave) Trail Lighting(CP 23-04)- 40,000 - 40,000 - - - - - - 40,000 185th St (CSAH 50-Ipava) (CP 23-05)20,000 20,000 20,000 CSAH 9 (210th-CSAH 50) (CP 26-04)25,000 25,000 25,000 Dodd Blvd Trail Lighting (CP 21-05) between Cedar and Pilot Knob - - - - - - - - - - - - Transfers - - - To improvement construction fund (Project 19-05, Hamburg Ave- new trails)- - - - - - Planning and design - general - 15,000 20,000 20,000 20,000 20,000 95,000 20,000 20,000 20,000 20,000 20,000 100,000 195,000 Future Land Acquisition 681 100,000 100,000 100,000 100,000 100,000 500,000 1,750,000 100,000 100,000 100,000 100,000 2,150,000 2,650,000 Future developer obligations (developer contracts)- - - Developers Credit 435,000 435,000 435,000 435,000 435,000 435,000 2,175,000 435,000 435,000 435,000 435,000 435,000 2,175,000 4,350,000 Total Capital Improvements 2,644,119 5,217,500 20,043,100 19,059,575 5,288,000 2,350,000 51,958,175 3,185,000 965,000 1,655,000 1,580,000 655,000 8,040,000 59,998,175 Net Increase/(Decrease)(221,724) (2,487,977) (475,233) 406,765 (330,618) (493,112) (3,380,174.45) (1,277,972) 989,846 360,691 495,012 1,481,758 2,049,334 (1,030,840) Fund Balance, Jan 1 6,747,988 6,526,264 4,038,287 3,563,054 3,969,819 3,639,201 3,146,090 1,868,117 2,857,963 3,218,655 3,713,666 6,526,264 Fund Balance, Dec 31 6,526,264$ 4,038,287$ 3,563,054$ 3,969,819$ 3,639,201$ 3,146,090$ 1,868,117$ 2,857,963$ 3,218,655$ 3,713,666$ 5,195,424$ 5,495,424$ A- Rechtzigel Property/South of Casperson, 300,000$ Check estimates against this file (for appropriate year/month tab): G:\Park Development\Financial reports\2017\Expenditures 2017.xlsx (Tom tracks actuals). YELLOW HIGHLIGHT = To be updated with 2022 budget review later in 2021 A