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11/7/2024 <br />6 <br />PARK IMPROVEMENT FUND <br />Significant costs in 2024 included: <br />o Silver Point Park Play Equipment <br />o Silver Point Park Bituminous Trail Resurfacing <br />o Signage –Silver Point and Trillium <br />Estimated expenses for 2025 include: <br />o Emerald Park -Provide accessible route to picnic shelter and grill <br />o All Parks with seating -Provide accessible picnic tables and benches <br />o Signage –Central and Emerald Parks <br />o Central Park Ballfield netting <br />Projects below to be paid for with one-time funds that will be available after closing <br />decertified TIF districts –likely 2025 or 2026 <br />LED lighting Upgrades: <br />o Central Park $370,000 <br />o Tennis Courts $165,000 <br />UTILITIES INFRASTRUCTURE FUND <br />SOURCES <br />▪Connection fees <br />▪Collection of inter-fund loans <br />▪Grants as available <br />▪Utility Fund transfer <br />(Beginning in 2025) <br />USES <br />▪Water infrastructure <br />& equipment <br />▪Sewer infrastructure <br />& equipment <br />▪Fiber infrastructure <br />& equipment