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Mounds View <br /> Parks & Recreation Commission <br /> January, 2000 <br /> Proposed Investment Plan—Park Dedication Funds <br /> 1999 Expenditures: <br /> VB Court lighting $7,390 <br /> Pathway, Silver Lake Road $12,300 <br /> • Drinking fountain updating $8,000 <br /> Silverview Trail $49,000 <br /> • Disc golf replacements $2,100 <br /> • Baseball backstop net $1,315 <br /> • Outdoor basketball courts $9,000 <br /> TOTAL $89,105 <br /> • Not paid <br /> Total 1999 Park dedication fund $227,000 <br /> Expenditures $89,105 <br /> Remaining total: $137,895 <br /> It is the recommendation of the Parks & Recreation Department/YMCA to invest this <br /> amount and utilize an approximate interest payback of 5% ($7,000 annually). <br /> • <br />