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How do I benefit from parks and trails? <br />All residents, whether they utilize the new parks or not, will benefit. Parks and trails have a positive impact on health, crime prevention, the envi- <br />'ient, the economy, our property values and our quality of life. <br />.y a referendum, why bonding? <br />A referendum is the appropriate way to allow citizens the opportunity to express their approval or disapproval with large "special" financial initiatives. <br />Bonding is necessary to allow for all users and beneficiaries of the improvements to the City to share in the cost. Cost will essentially be spread <br />out over 20 years allowing current and future beneficiaries to share in the costs. <br />Why now? <br />In the past 10 years the City has nearly doubled its population. As the population has increased, the demand for recreational facilities has <br />increased. Our local, neighborhood parks, which are designed to meet the social needs of each respective neighborhood, are currently unable to <br />meet the substantial demand placed on them by the many structured activities such as youth sports and adult softball. Additionally, school facili- <br />ties at Centennial Middle School, Lino Elementary and Rice Lake Elementary are at full capacity for baseball, soccer and football activities. As <br />participation in structured activities continues to grow over the next several years the City, and its residents, are in the position of deciding <br />between meeting the recreational needs of the Community or restricting future recreational opportunities. <br />Neighborhood park improvements and park and trail development are needs of the community. As with anything else, costs tend to rise over time. <br />Property taxes levied by the City do not currently allow for park land acquisition or for development of parks and trails. Park and trail develop- <br />ment funds are currently generated exclusively through cash dedications related to new developments. However, these allotments fall short of <br />allowing for the type of park development needed in the City. Pursuing slower residential growth as proposed in the city's new Comprehensive <br />Plan means fewer park dedication dollars for park and trail development. Realistically, the only way the City accomplishes its parks and trails ini- <br />tiatives is by this bonding proposal. <br />How will this recreation complex ease the pressure placed on neighborhood parks and school facilities? <br />Under its current design, the recreation complex will provide 5 combination soccer /football fields, 4 combination ballfields, 5 youthfields, a com- <br />bination ice hockey /in -line skate area, 2 tennis courts and a basketball court. Currently, no one park or school facility offers all of these opportuni- <br />ties. The addition of a dedicated recreational complex with more athletic fields also allows the Community to better accommodate current partici- <br />pants with more balanced and consistent scheduling. <br />The land being considered for development is already owned by the City. It sits at the comer of Birch and Centerville Road. Shifting activities <br />from neighborhood parks and school facilities to this area also takes traffic pressure off neighborhood and school area streets and parking lots. <br />_ _inding The Proposal <br />To pay for the neighborhood park improvements, development of the recreation complex, and the construction of the proposed <br />trails, the city is asking voters to approve an $8.6 million bond issue. The allocation of the funds for the proposal are identified below: <br />Allocation of Funds for the Proposal: <br />Improvements to 16 Neighborhood Parks <br />Reimburse City for Recreation Complex Land (including interest) <br />Development of the 67 acre Recreation Complex <br />Construction of Trails <br />Total Investment <br />Homeowner's Cost <br />The costs to the residential property owner are based on the issuance of <br />20 year general obligation bonds. The annual payments on the bonds are <br />covered by an increase in property taxes spread out over the city's entire <br />tax base. Businesses and rental property pay their share. The costs <br />shown do not take into account any future growth.1,As residential and <br />commercial growth continues, the financial impact to the property <br />owner will continually decrease. <br />$1,200,000 <br />$1,100,000 <br />$5,900,000 <br />$ 400,000 <br />$8,600,000 <br />Estimated Cost to Residential Property Owner: <br />Assessor's Estimated <br />Market Value Annual Cost (Monthly) <br />x$75,000 <br />$58 <br />$125,000 <br />$150,000 <br />$116 ($9.63) <br />$175,000 <br />$135 ' ($11.23) <br />$200,000 <br />$154 <br />($12 :83)' <br />$250,000 <br />$193 ($16.04) <br />$300,000 <br />"$231 ($19.25) <br />$350,000 <br />$270 ($22.46) <br />$400,000 <br />$308 ($25.67) <br />$500,000 <br />$385 ($32.08) <br />"(T9ting Information <br />.curday, April 27th, 2002 the same polling sites as regular elections will be open from 7:00 am - 8:00 pm. Absentee ballots <br />may be cast at City Hall 8:00 am - 4:30 pm, M -F, until Friday April 26th, 2002. If you have any questions or need an absentee <br />ballot, call City Hall at 651- 982 -2400. <br />* Special Absentee voting Saturday April 20th, 2002 10:00 am - 3:00 pm, at City Hall. <br />