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CITY OF LINO LAKES Project No. <br /> ,..� CAPITAL PROJECT REQUEST FORM <br /> TYPE: Improvement (Land, Building, Improvement Project, Vehicle, Equipment) <br /> DATE: 10/13/96 <br /> DEPARTMENT: Parks and Recreation <br /> SUBMITTED BY: Marty Asleson <br /> DESCRIPTION: Park ammenities/development N-8 joint-use park Rice Lake <br /> Estates, and Circle Pines-Baldwin Park neighborhoods <br /> NEW: X REPLACEMENT: <br /> PURPOSE: To develop the joint-use park This neighborhood has been waiting about 9 <br /> years for a park and pedestrian access. The masterplan developed will <br /> accomplish both needs. Have$40,000 in ear-marked dedicated park dollars <br /> and about$30,000 to$40,000 from the sale of two small lots that were <br /> dedicated as park. Estimated benchmark cost to develop this park <br /> $155,000. Park needs: Trail, $25,000; Tennis court, $30,000, Basketball <br /> court, $14,000,; Playgroung equipment, $18,000 <br /> COST: <br /> Per Unit: Total: $87,000 <br /> Additional Costs: <br /> (Less Trade-In or Discount): <br /> Total Puchase Price: $87,000 <br /> FUNDING SOURCE: <br /> 1997 1998 1999 2000 2001 <br /> $18,000 <br /> Dedicated Park fund $69,000 <br /> CIP fund <br /> Gifts/donations/grants/volunteers <br /> G.O.bonds <br /> PROJECTED START DATE: <br /> PROJECTED COMPLETION DATE: <br />