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2A. Maintaining the Status Quo -Parks <br />Once “past due” park assets have been brought up-to- <br />date, the Parks and Trail Asset spreadsheet can be used to <br />calculate the average annual cost for ongoing park asset <br />replacements and upgrades. <br />Based on all current and “catch-up”assets, this would be about <br />$180,000/year. <br />That is approximately $25/LL household or 1.25% of the current levy. <br />6/3/2024Presentation to the Lino Lakes City Council <br />17 <br />City of Lino Lakes <br />Public Services <br />Park & Trail Asset & Investment Summary <br />Annual Investements Needed for Lino Lakes Park & Trail System <br />Part 2: Maintaining Status Quo of Current Assets Annual Cost Cost / HH % of Levy <br />A. Park Assets (average over 30 years after "catching up")$177,305 $24.47 1.26%