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Page 3 of 3 <br />Parks Commission Agenda <br />January 18, 2023 <br /> <br />City Council on how to use the Special Park Fund and plans future expenditures with the Capital <br />Improvement Plan. The CIP prioritizes improvements that the Parks Commission would like to make. Some <br />projects may only be possible if additional funding becomes available through grants, private donations, or <br />park dedication fees. <br /> <br />In 2022, special park funds were used for projects over several Hugo parks including Arcand Par and the <br />Bernin property. Construction of Lions Park was paid for through a separate fund. The special park fund <br />ending balance thru September 30, 2022 is $1,634,010. Staff will provide a detailed re-cap of 2022 <br />expenditures. <br /> <br />Staff drafted a CIP for 2023-2027 based on the previous Capital Improvement Plan and upcoming projects. <br />Staff recommends that the Parks Commission review the draft, make any necessary changes, and approve a <br />Capital Improvement Plan. <br />PLEASE SEE THE ATTACHED DRAFT CAPITAL IMPROVEMENT PLAN FOR 2023-2027. <br /> <br /> <br /> <br /> <br /> <br />THE PARKS PLAN CAN BE FOUND AT: https://www.ci.hugo.mn.us/2040compplan