05/07/2001 Park Board Packet - Laserfiche WebLink

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• including existing and future acres, facilities and values are also identified. City Staff provided the list of facilities and corresponding costs. Trail values were determined based upon a rate of $15.00 per lineal foot for park and transportation trails and $1.00 per lineal foot for bike trails. The existing City park and trail system is valued at about $6,471,816 dollars. To complete the system per the Comprehensive Park and Trail Plan, an additional $14,362,583 of land, facilities and trails will be needed. The $14,362,583 dollar future system cost includes costs to improve the new community athletic complex with the premium level package estimated at $6,965,373 dollars. Table 5 illustrates the value of the existing and proposed park system identified above. • • Table 5 PARK SYSTEM VALUE Total Park System Value Value of Existing Park Facilities % of Total Value /Cost of Future Park Facilities % of Total $20,834,399 $6,471,816 31% $14,362,583 69% Part of the park system analysis included a land use review to determine the service areas for the existing parks and to identify the proportion of existing and future development that will impact the system. Many of the existing parks are located in areas of the community where future development will occur and as such, a proportion of the park infrastructure should be borne by new development. In fully developed areas, improvements to existing parks should be borne by current residents within the service area of the specific facility. Exhibit D, Lino Lakes Parks/Trails Chart indicates the percentage of each planned park service area that existing and future development will impact. Table 3 indicated that the current park system is and rich and that the City has acquired more land than is needed to serve the existing population (based upon the National Recreation and Parks Association guidelines). However it is important to note that the NRPA standards are guidelines only and that parkland and facilities need to be community specific. The current City population of 15,053 residents and 5,255 households is approximately 50% of the projected saturation population of 30,000 people. Table 5 illustrates that the existing population is underserved in relation to the available and planned park and trail facilities. For an equitable distribution of impact, the total park and trail system cost should be distributed on a 50/50% basis between existing and future development as illustrated in Table 6. Table 6 PARK SYSTEM COSTS BY SERVICE AREAS Total Park and Trail System Cost 50% of Total System Cost Existing Development Future Development $20,834,399 $10,417,200 6,471,816 (Value of Existing System) + 3,943,384 (Value to meet 50% of Cost) $10,417,200 $10,417,200 9 Lino Lakes Park Dedication Analysis