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typically pay a park dedication fee to the City and, according to state law, these funds can only be used for park and trail capital improvements. The City has depleted all of its park dedication funds and, as a fully developed City (excluding the TCAAP site), there are no additional park dedication funds expected for park and trail improvements. This lack of park dedication money means that trails and parks are in competition with streets and other capital expenditures for the same PIR funds. CIP Projects and Finances In looking at the City CIP, it needs to be stated that the City is in a good position financially and the City can keep up the essential street improvement projects. However, if the City wants to do more improvements to trails and parks and to complete street improvements in a more timely manner, then additional revenues are required. Recently the City completed a number of CIP project for parks, trails and streets. Attachment A shows the funding for the 2009, 2010, 2011, and 2013 Pavement Management Program (PMP) projects. The funding for these projects has come from assessments to benefitted property owners, City utility funds, and the City PIR reserve. Attachment B shows the funding for the recent Valentine Park improvement project, the Hazelnut Park acquisition, and three trail improvement projects. Funding for these projects came from a wide variety of sources including: grants, donations, Municipal State Aid funds (MSA), and City reserves (park dedication, PIR, utility funds, and equipment/building fund). The City CIP includes a number of PMP projects and other street improvements. These projects are shown on Attachment C and include projects forecasted out almost 20 years. The Round Lake Road improvement project, the 2015 PMP project, and the B2 District improvement project are in the adopted five year CIP while the other street projects listed are not yet officially programmed. One of the goals of the City Council with the non- programmed projects is to move them forward in the schedule by identifying additional funding sources or by adjusting the scope of the projects when appropriate. The five year CIP includes using PIR funds for some needed park improvements. Attachment D shows a list of typical park improvements and some of these projects are in the 2014-18 CIP. Annually the City council evaluates adding park projects into the five year CIP. not Trail improvements are included in the five year CIP. The 2002 Parks Master Plan includes a significant amount of trail improvements. Attachment E shows the amount of existing trails and sidewalks that has been developed in the City and the amount of proposed future trails and sidewalks. This attachment also shows that the cost of a concrete sidewalk is about $500,000 per mile and that the trails can cost between $800,000 and $1,200,000 per mile to construct. A map that shows eight miles of high priority trail projects is available on the back table. Regarding funds for the CIP projects, the PIR fund is the main source of money. Attachment F shows the combined total balance of all the Capital funds (Parks, PIR, and 25 Page of