Laserfiche WebLink
<br /> <br /> <br />STAFF REPORT <br /> <br /> <br /> <br />TO: Parks & Recreation Commission <br />FROM: Joel Hanson, City Administrator <br />DATE: October 28, 2016 <br />RE: Discuss Park Dedication Fees Use Policy <br /> <br /> <br />The City charges a “Park Fee” on all new development, which goes into the Park Land <br />Acquisition Fund #456. This fund has built up a substantial balance over the last number of years. <br />For at least 30 years, the City Council has internally limited the usage of these funds to strictly for <br />acquisition purposes. However, our needs in that area may not approach the fund balance. When <br />coupling that fact with the needs in the capital area for development/replacement of equipment <br />and trails, it may make sense to use some of those dollars in that area. There is no timeline for a <br />decision, but it may warrant an evaluation by the Parks & Recreation Commission and City <br />Council to see if this makes sense for the long-term. This topic is planned for discussion at the <br />joint workshop on November 16th. <br /> <br />