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1984 LONG TERM FINANCIAL PLAN <br />ADDENDUM <br />After the preparation of the 1984 Long Term Financial Plan <br />and prior to its adoption, the City of Mounds View received <br />notice from the State of Minnesota that a grant application <br />for the redevelopment of Greenfield Park had been approved <br />with 50% of the $175,000 project cost or $87,500 being <br />funded by the State and the remainder funded by the City. <br />In recognition of this fact the Mounds View Parks and <br />Recreation Commission recommended that the Public Service <br />Program of the 1984 Long Term Financial Plan be revised to <br />reflect the Greenfield Park improvements in 1985 and the <br />Groveland Park tennis court in 1986. Also, the Greenfield <br />Park improvements would be listed to include bituminous <br />trails, two lighted tennis courts, bituminous entry road and <br />parking lot, and relocation of existing baseball fields at a <br />total cost of $175,000. <br />The Mounds View City Council on October 8, 1984 adopted <br />Resolution No. 1811, copy attached, authorizing the filing <br />of a final grant application and delineating funding <br />sources. These sources of matching funds are the $40,000 <br />included in the 1984 Long Term Financial Plan, Capital <br />Improvement Plan which was initially proposed for Groveland <br />Park but has been revised per the changes in the Public <br />Service Program, $19,469 from the 1985 Capital Improvement <br />Reserves, $16,000 from the 1984 Capital Improvement <br />Reserves, and $12,031 from the Storm Water Management Fund. <br />Should major contributions be made to the Park Improvement <br />Fund while this project is in progress, these funding <br />sources will be repaid, if funds have already been expended, <br />or not be used in the following priority order; 1984 <br />Capital Improvement Reserves, 1985 Capital Improvement <br />Reserves, and Storm Water Management Fund. <br />