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• <br />• <br />• <br />Park Board Meeting - June 4, 2001 <br />Minutes <br />Paul stated money is not the issue. The property owners see the <br />property more valuable if it remains a 20 -acre parcel. He <br />suggested there may be other options such as the City Attorney <br />writing a letter to their attorney. <br />The Park Board directed Rick to discuss with the City Attorney <br />the possibility of sending a letter to the Whitcomb's attorney <br />regarding the three options: City doing nothing, pursuing the <br />purchase as proposed, or condemnation. <br />Review Park Dedication Fund Balance - Rick referred to an update <br />Park Dedication Fund Summary noting the following items: <br />* Received $61,840 from Trapper's Crossing Second and Third <br />Additions. <br />• Total undesignated funds are $89,330 <br />Bond Referendum Update - Rick advised ,t <br />pertaining to a potential referendum <br />at the April 2, 2001, Park Board me <br />Resolution 97 - 30, Council suppo <br />process overview, various Park B <br />1998 article in City Newslette <br />estimated annual tax impact a <br />successful referendum. <br />,330 - $75,000). <br />everal documents <br />re eviewed and discussed <br />Items included were <br />o referendum, the referendum <br />eeting minutes, Spring, <br />ram statement /cost analysis, <br />and check list for a <br />The City Council discuss -t • tial bond referendum during the <br />May 16, 2001, Goal Setti ti g. There was some interest to <br />consider a possible re -ndum next spring. Staff and City <br />Council will continue ins der a potential referendum next <br />year, a commitment of ': eneral Fund dollars for a special <br />election, informational materials, and consultants would need to <br />be included in next year's budget. <br />Rick stated he will keep the Park Board informed as discussions <br />related to a possible bond referendum continue. <br />Chair Lindy asked when the upcoming budget meetings will be held. <br />Rick advised the meetings are currently on hold due to the <br />legislature. <br />Chair Lindy stated the Council needs to be aware of the time that <br />it takes to prepare a referendum. Rick stated he believes the <br />Council is receptive to a referendum. The question is when to <br />pursue it and the challenge will be determining how much of a <br />referendum the City will pursue. <br />6 <br />