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08-05-2024 Council Work Session Packet (2)
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08-05-2024 Council Work Session Packet (2)
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8/2/2024 11:07:07 AM
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8/2/2024 11:00:30 AM
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City Council
Council Document Type
Council Packet
Meeting Date
08/05/2024
Council Meeting Type
Work Session Regular
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Key Points Regarding for Our Anal ysis <br />� This analysis focuses on current park and trail asset <br />replacements and upgrades; <br />It does not include normal day-to-day operations, <br />maintenance, and repair. <br />,This analysis was done in 2025 dollars; <br />w Includes a 2% inflationary adjustment for future assets. <br />w As new assets are added to the system, the annual cost <br />for replacement and upgrades will clearly need to go up. <br />� We apologize for how long it took to bring this <br />review to your attention! <br />We just needed time to confirm the data, complete our <br />analysis, and develop realistic recommendations. <br />Presentation to the Lino Lakes City Council 6/3/2024 <br />
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