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Financing our legacy to the future Estimated cost torehab, develop and expand regional parks and trails (2005 dollars)... Acquisition:. Rehab and dev. Annual cost* a System component Acres 25 year total 25-year /o of costs ($mill ($mo:ns) ($.millions) ns) illio Rehab and develop existing parks/trails' 52,000 0 187.6 57:50 43 Acquire land in current park,boundaries 5;100 125.1.... 18.4 5'74; ':, 33 Acquire'land`adjacentto existing.parks 1;546 10.8 5.6 0:66; 4 Convert local parks/trails-to regional status 547 0 2.0 0.08 . <1 New:units needed by 2030 8,000 45.3 28.9 2.97 17 Completing the system(units needed beyond 2030) 2,523 12.0" .. 0 0.48:, 3 TOTAL 69.,716 193:2 242,5 $17.43 100 For the owner of a$20.0;000.home in the seven-county metropolitan area,.the average annual cost of the regional parks system,including the proposed sys- tem additions,would be$6.75 per year on regional property taxes over the next 30 years.This estimate is based on the Council issuing a.maximum of$7 mil- lion annually of bonds as a.40%match to$10.5 million in state,federal and other funds.The funding"would.be used to acquire land, rehabilitate_aging parks and trails,and develop new park and trail facilities: The estimates are in 2005 dollars.They do not include any assumption concerning the effect of inflation on costs over the next 25 years,or . assume any private sector donations.Consequently,these are.conservative estimates.Additional funds from the public and private sectors will be needed to finance actual costs over this time period.Estimates will be considered again and refined every four.years when the parks policy plan must undergo a comprehensivereview required by Minnesota law. Help build our legacy for the future. The Metropolitan Council works closely with 10 county and city park agencies to acquire, develop and maintain the regional parks system: The Council invests regional and state funds for.acquisition and development of the system, and the 10 partner agencies operate and maintain the parks. The bulk of funds.for parks operation and maintenance are raised from local property taxes. From 1985 to 2004 the state provided to local park agencies an average of 9.3 percent of the cost to operate and maintain the parks each year. The Council's 10 regional parks system partners are-. Ramsey County Parks and Recreation (651) 748-2500 Anoka County Parks (763) 757-3920 www.co.ramsey.mn.us/parks/index.asp www.anokacountyparks.com/ Saint Paul Parks and Recreation (651) 266-6400 Bloomington Parks and Recreation (952) 563-8877 www.stpaul.gov/depts/parks/ www.ci.bloomington.mn.us/cityhali/dept/commserv/ parkrec/parkrec.htm Scott County (952) 496-8475 www.co.scott.mn.us Carver County Parks (952) 466-5250 www.co.carver.mn.us/parks Three:Rivers Park District (763) 559-9000 www.threeriversparkdistrict.org/parks/ Dakota County Parks.(952) 891-7000 www.co.dakota.mn.us/parks/index.htm Washington County Parks (651)430-8368 ww.co.washington.mn.us/parks Minneapolis Park and Recreation Board (612)230-6400 www.minneapolis.parks.org/home.asp About the Metropolitan Council The.Metropolitan Council is a 17-member body appointed by the governor. It was created by the Legislature in 1967. to ensure"the coordinated,.orderly and economical development"of the seven-county Twin:Cities metropolitan area—consisting of Anoka; Carver. Dakota, Hennepin, Ramsey; Scott and Washington Counties. In addition to its planning functions,the Council operates a regional transit system that carries about 150,000.passengers a day, provides wastewater collection and treatment services for 103 communities,and oversees a regional parks system that attracts more than 30 million visitors a year: �� MetropolitanCouncil