Laserfiche WebLink
MEMO TO: MAYOR AND COUNCIL <br />PARKS AND RECREATION COMMISSION <br />FROM: MARY SAARION, DIRECTOR <br />PARKS, RECREATION AND FORESTRY <br />DATE: JULY 28, 1989 <br />SUBJECT: PARK IMPROVEMENT FUND WORKSHEETS <br />This is a worksheet outlining receipts and expenditures anticipated for the Parks <br />Improvement fund as proposed by the Parks and Recreation Commission through <br />1992. This year (1992) is the last year of the five yearly installments of $12,500 paid <br />by Everest Development as a portion of their park dedication fees. <br />These numbers are based upon the LTFP recommended by the Parks and Recreation <br />Commission at the July 27, 1989 regular meeting. <br />PARK IMPROVEMENT FUND <br />.;. <br />Current balance (as of June 1, 1989) ...................•.............................•• $56,350.72 <br />Proposed 1989 Expenses: <br />*Council recommended Water/Sewer <br />at Silver View .............................................. ($12,350.00) <br />Electricity at Silver View Park ................... ( 5,600.00) <br />One-third cost of Silver View culvert ........ ( 4333.00) <br />Oakwood Park improvements .................... ( 30,000.00) <br />Silver View pond management proposal .. 4,500-00) <br />($56,783.00) <br />*Anticipated 1989 receipt of Celebrate MN grant ......$4,000.00 <br />This money would combine with the $12,350 for sewer and water to <br />total $16,350. <br />TOTAL 1989 ANTICIPATED EXPENDITURES ............................ ( 52,783.00] <br />Balance as of December 1, 1989 $ 3,567.72 <br />*This is a new revised cost approximation depending upon the engineering proposal. <br />