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PARKS, TRAILS AND RECREATION COMMITTEE MEETING <br />March 20, 2007 Page 2 <br /> <br /> <br /> <br />5. PTRC STRATEGIES PLAN – FUNDING DISCUSSION <br />Ms. Iverson stated that she reviewed the funding material that was provided. Among the funding options <br />mentioned in the material she felt that a city/school district cooperative was more favorable, although there <br />were some loop holes with that as well. Ms. Iverson stated that the City of Eagan had some unique <br />programs, but she did not think they were feasible long term solutions. <br /> <br />Chair Henry stated that Excel Energy had an interest in establishing wind turbines through out the city. <br />According to a Pioneer Press article, each wind turbine would return $3,000 to $5,000 annually to the city. <br /> <br />Chair Henry asked if revenue generated from TCAAP would be put back into that area and therefore result <br />in no park dedication fees being collected. Council Liaison McClung replied that it was one of the issues in <br />the master development agreement that was still to be determined and negotiated. <br /> <br />Ms. Iverson stated that grants were harder to obtain, but a possible alternative were the two TIF (tax <br />increment financing) districts: Cottage Villas and the Gateway areas. Typically when a TIF district <br />expires, it goes back on the tax rolls. The City then has the flexibility to increase the levy in the amount <br />that was collected on the increment and dedicate those monies towards something else. <br /> <br />Ms. Olson reviewed the projects that were included in the CIP. <br /> <br />2007 Projects: <br /> <br /> Old Highway 10 Railroad Improvement. <br />This project would be funded with State Aid money and $50,000 from the park fund. <br /> <br /> Basketball/Tennis Court reconstruction at Cummings. <br />It is estimated that $35,000 or more would be used from the Park Fund for this project. <br />2008 Projects <br /> <br /> County Road E Sidewalk. It was very likely that this project would be delayed until 2009. <br />Committee Member William suggested that money from the park dedication fee be used to hire an <br />engineering firm to figure out how to address Council Member Holden’s concerns about the <br />intersection. Chair Henry suggested setting up a meeting with Ms. Kris Giga, Civil Engineer, to <br />look at County Road E and then to discuss possibilities. <br /> <br /> Basketball/Tennis Court Rehabilitation <br />$15,000 was budgeted in the general fund for resurfacing at Hazelnut Park. <br /> <br /> City Trail Signage <br />Estimated cost was $25,000. Chair Henry suggested designating the trails for easier recognition. <br />He also requested that information on walking/biking and trail connections be posted on the city <br />web page. <br />2009 Projects <br /> <br /> Basketball/Tennis Court <br />$15,000 was allotted from the general fund. The location would be the next park on the <br />maintenance schedule. <br /> <br /> Equipment Replacement <br />This would be dependent upon equipment condition. <br />2010 Projects <br /> <br /> Snelling Avenue Regional Trail – Estimated cost: $800,000. <br /> <br /> Basketball/Tennis Court Rehabilitation <br /> <br /> Equipment Replacement <br /> <br /> <br /> <br />