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Park Land Acquisition Fund (456) <br />Background: <br />The Park Land Acquisition Fund is used to account for park fees received from development. Per City Code <br />2101.060, the funds may only be used for the purposes of land acquisition, land development, and capital <br />outlay for parks, playgrounds, public open space, storm water holding pond areas, and debt retirement in <br />connection with land previously acquired for such public purposes. <br />Source of Funds: Payments received during development for parks are the primary source of revenue in <br />the fund. The fee amount is identified in the City’s Fee Schedule. Revenues have been included at a <br />conservative amount of $10,000 per year. <br /> - <br /> 10,000 <br /> 20,000 <br /> 30,000 <br /> 40,000 <br />2026 2027 2028 2029 2030 2031 2032 2033 2034 2035 <br />Park Land Aquisition Fund 456 - Revenues <br />Park Charge Fees Other <br />Significant Highlights in Future Years: <br />•2026 Thunder Bay Park – Boardwalk - $218,600 <br />•2026 Lease Buy Back - $250,000 <br />•2027 Trail Improvements – Waterworks Trail Connections - $200,000 <br />•2027 Land Purchase - $350,000 <br />•2027 Thunder Bay Park Pickleball Court - $35,000 <br />•2031 Thunder Bay/West Winds – Trail Repair - $165,000 <br />11