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MINUTES <br />Parks & Recreation Commission <br />August 3, 1995 <br />PARR LAND <br />ACQUISITION <br />FUND <br />* Thunder Bay Back Stop - $2,000 <br />Motion carried 4 - 1. Greger voted against. <br />Remerowski felt that a balance of at least $200,000 <br />should be left in the fund for purchase of future park land. <br />Any overages that accumulate over the years could be used to <br />develop parks. Greger felt that a $100,000 balance should <br />be retained for purchase of future park land, but he felt <br />the Commission should find out what property is desired for <br />parks and how much park charge money will come in. Johnson <br />stated that the balance of the fund should be at least <br />$200,000 and she would be concerned if it was less. <br />Greger stated that he would want to see facts on what <br />property is desired, how much it would cost, and how much <br />more park charge money is estimated to come in before <br />supporting a larger balance in the fund. Remerowski felt <br />that the City is almost fully developed. However, the Park <br />Land Acquisition Fund may see an additional $50,000. <br />Hartmann felt that the City should start finishing its <br />parks. He felt that any money that is in the fund above the <br />$200,000 balance should be used for items that would benefit <br />the parks. <br />Sanders felt that the City could use some of the money above <br />the $200,000 balance to take advantage of matching grants. <br />Remerowski stated that it was not his intention to spend the <br />money above the $200,000 balance tomorrow. He felt that it <br />should be reserved for projects such as matching grants. <br />Greger felt that if the Commission opens the fund up, others <br />may want to deplete the money. Remerowski felt that people <br />could go after the fund even if the Commission did not make <br />a motion on its use. Greger was concerned about setting a <br />balance amount before the Commission knows what they need. <br />Remerowski stated that he was comfortable with a $200,000 <br />balance. Greger felt it was too much. Johnson stated that <br />lots are expensive and may open up. She felt the money <br />should be there for purchase of land for parks if it is <br />needed. <br />Hartmann asked what the McNamara property would cost. <br />Sanders stated that it would cost approximately $40,000 to <br />$50,000 which would be a little over the 10% park charge. <br />PAGE 151 <br />