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(5) <br />a. Key Action steps: <br />City Staff /TKDA prepare plans and <br />specifications <br />ii. City Council accepts plans and specifications, <br />authorizes advertising for bids <br />iii. City Council awards bid <br />iv. City Staff/TKDA oversees implementation of <br />redevelopment plan <br />b. <br />c. <br />Lead Party: Public Services Department <br />Key Contributors: TKDA <br />City Council <br />Funding Sources: Dedicated Parks Fund <br />Objective: Analyze potential development of recreation <br />complex <br />a. Key Action steps: <br />Develop feasibility study of phasing plan for <br />eventual completion of improvements <br />ii. Park Board reviews and comments on <br />feasibility study <br />iii. City Council accepts feasibility study <br />b. Lead Party: Public Services Department <br />Key Contributors: Brauer and Associates, Ltd <br />TKDA <br />Park Board <br />City Council <br />c. Funding Sources: $30,000 for preparation of feasibility study. No dollars <br />included in 2007 budget <br />B. Calendar Year 2008 <br />(1) Objective: Consider potential development of recreation <br />complex <br />a. Key Action steps: <br />Develop alternative financing plans necessary <br />to complete recommended phasing efforts <br />ii. City Council determines whether to proceed <br />with phasing plan. If so, City Council identifies <br />preferred financing plan, and sets timeline for <br />Phase I improvements <br />iii. City staff analyzes /determines whether any <br />modifications to master plan are warranted <br />b. Lead Party: Public Services Department <br />Key Contributors: Finance Department <br />Springsted, Inc. <br />6 <br />