|
10/10/2025
<br />7
<br />PARK IMPROVEMENT FUND
<br />Exploration of Public Electric Vehicle (EV) Charging
<br />Staff is assessing feasibility of accepting a donation of new, unused EV chargers.
<br />The City would need to cover cost of installation, ongoing maintenance, and software subscription fees
<br />to facilitate users paying for charging vehicles.
<br />Viable locations were identified in 2022 study for placement at the Central Park parking lot, and in
<br />commercial areas along 39th Avenue in Silver Lake Village, and at St. Anthony Shopping Center.
<br />Council would need to accept the donation to move forward. When all details have been finalized, staff
<br />will bring project to Council for consideration.
<br />PARK IMPROVEMENT FUND
<br />2025
<br />Est. Actual
<br />2025 2026 2027 2028 2029 2030-2035 2036-2042
<br />SOURCES
<br />Park Dedication Fees -$ -$ -$ -$ -$ -$ -$ -$
<br />Park improvement levy 30,000 30,000 40,000 45,000 50,000 55,000 405,000 670,000
<br />IFL / Debt proceeds 542,950 200,220 - - - - 1,000,000 500,000
<br />Excess Fund Balance Transfers - - - - - - - -
<br />Investment Income - 1,500 1,500 1,500 1,500 1,500 7,500 7,500
<br />Grants/Donations 900 - - - - - - -
<br />TOTAL 573,850$ 231,720$ 41,500$ 46,500$ 51,500$ 56,500$ 1,412,500$ 1,177,500$
<br />USES
<br />Central Park -PI Levy/other 650,960 311,082 246,000 5,000 18,250 25,000 66,000 399,600
<br />Emerald Park -PI Levy /other 16,710 22,555 25,000 - - 40,000 546,298 275,000
<br />Salo Park - PI Levy/other - - - - - - - -
<br />Silver Point Park -PI Levy/other 5,000 6,899 - - - - 4,250 -
<br />Trillium Park -PI Levy/other - - - - 12,500 3,750 - -
<br />Water Tower Park -PI Levy/other 170,000 5,000 15,930 - - 3,750 753,941 280,824
<br />WSB Park Evaluation study - - - - - - - -
<br />Interfund loan payments 14,902 14,902 17,152 19,339 19,964 20,564 118,384 20,050
<br />TOTAL 857,572 360,437 304,082 24,339 50,714 93,064 1,488,873 975,474
<br />NET CHANGE (283,722) (128,717) (262,582) 22,161 786 (36,564) (76,373) 202,026
<br />BEG. CASH BAL. 555,770 555,770 427,053 164,472 186,633 187,419 186,633 110,260
<br />END CASH BAL. 272,048$ 427,053$ 164,472$ 186,633$ 187,419$ 150,855$ 110,260$ 312,286$
<br />(1)Recommended Levy increase of $5,000 per year until $100,000 is reached
<br />13
<br />14
<br />17
|