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1 <br /> This long range plan does not address the financing of an • <br /> athletic field complex. This major project could be financed by <br /> drawing down the Park Fund, borrowing from other City funds, <br /> gifts and contributions, selling revenue bonds, or grants . <br /> RECOMMENDATION <br /> I recommend the Council consider Model 9 for managing the Park <br /> Fund. <br /> - Model 9 provides sufficient money for yearly park <br /> development and improvements. <br /> - Provides steady growth in Fund balance and interest. <br /> - Fund will have sufficient balance in 25 years to finance <br /> all park development needs. <br /> - If necessary, the Fund could be used to finance future <br /> major expenditures. <br /> JTB:mah <br /> attachments • <br /> • <br />