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• Memorandum, Bethel College/Arden Hills Park Development Page Two December 29, 1998 4. Intramural Sports/Physical Education Classes March — Mid -May and August — November 8:00 a.m. - 3:30 p.m. Timing will vary Based on the needs of Bethel, the City will have use of the fields from mid -May to mid -August, and as available through the remainder of the year. What are the Potential Costs to the City for the Project? There are two (2) cost components related to this type of facility; construction and on -going maintenance. Construction The intention is for Bethel to fund -raise for the estimated $1,000,000 project cost. If the City participates financially, it makes the project more feasible from a fund- raising standpoint. There is no specific dollar amount identified for City participation. • • On -Going Maintenance iBethel would maintain the facility year-round and would be responsible for lining • and striping fields for its events. The City would be responsible for lining and striping of fields during its game day events and during the summer months. How Will the Wetland/Drainage Issues be Addressed? The project is still in its initial design stage. As a result, there has been minimal contact with Rice Creek Watershed District, the Minnesota Department of Natural Resources, or other state and federal agencies. Should the project proceed, both parties will work with these agencies to ensure that all regulations are met and addressed. What is the Appraised Value of Bethel's Property? The Bethel parcel is approximately 10.05 acres in size and is recognized by Ramsey County as part of the overall Bethel campus. As such, it does not have a specific appraised value. However, using Ramsey County valuation on the remainder of the campus, this parcel would probably be valued by the County at approximately $950,000.