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-2- <br /> • <br /> 4 . All park improvements must comply with the c_ iLy ° s park and <br /> open space plan . <br /> 5 . The City will supply the materials to a local neighborhood <br /> group or agency willing to provide the required labor . <br /> 6 . Fund monies will only be used for capital expenditures and <br /> will not be utilized to fund :labor or staffing positions such <br /> as a building supervisor or activity coordinator . <br /> 7 . Promotion of the Park Planning and Development Fund will be <br /> through the City Newsletter and all other media means <br /> available to City staff . <br /> 8 . It will be the goal of the Park Development Fund to become <br /> self-sustaining if at all possible to expend only the <br /> interest, leaving the capital amounts invested in some type <br /> of security bond with an initial goal of $50 , 000. <br /> 9 . Currently, there will be no limit as to the amounts of money <br /> allocated per grant or per park as each item will be reviewed <br /> from an individual perspective . <br /> It should be further noted that this is just a preliminary <br /> guidelines and needs further refinement and review by the Park <br /> and Recreation Commission . <br /> tee._ Should you have any questions , feel free to contact staff <br /> directly at ext. #41 . <br /> • <br /> • <br />