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ARDEN HILLS PARR & REC. MINUTES <br /> • MAY 28, 1991, PUBLIC WORKS GARAGE <br /> CALL TO ORDER The regular meeting of the Arden Hills Park and <br /> Recreation Commission was called to order at 7 : 35 <br /> PM by Chairman David Sand. <br /> ROLL CALL Present: Chair Sand, Mary Gillies, Carol Johnson, <br /> Mark Labine, Mark Magers, Don Messerly, David <br /> Moberg, Alan Montgomery and Megan Ricke. <br /> Absent: Keith Enrooth, Pattie Green. Also <br /> present: Cynthia Severtson and John Buckley. <br /> APPROVE Minutes of the April 23 meeting were approved as <br /> MINUTES mailed. <br /> COUNCIL RPT. No Councilmember was present because of the Council <br /> meeting scheduled. <br /> 1991 PARK <br /> DEVELOPMENT The Council awarded the bid for park and trail <br /> improvements to Midwest Asphalt in the amount of <br /> $75, 541. 50 . The Midwest bid includes color coating <br /> Cummings tennis and basketball courts and Floral <br /> tennis courts. Overlay basketball courts at <br /> Floral, Freeway and Sampson parks. Perimeter trail <br /> construction at Cummings, Floral and Hazelnut, <br /> improve trail connecting Chatham cul-de-sac to <br /> Valentine Hills School, and the projects will start <br /> the week of June 3rd and be completed in three or <br /> four weeks. <br /> 5 YR PARK PLAN Buckley reviewed the 5 year park development plan <br /> with the Committee. The 1991 proposed development <br /> will be finalized in early summer when the 1992 <br /> dept. budget is developed. <br /> PARK DEVELOPMENT <br /> FINANCING TJ Swanson, City Accountant, developed some models <br /> of financing future park projects . Sources of <br /> revenue include interest from Park Fund, park <br /> dedications, charitable gambling contributions, <br /> grants and gifts. <br /> The models indicate that park development projects <br /> can be financed into the 20th century if park <br /> improvements are limited to $50K to $55K annually, <br /> the Park Fund balance is kept over $500, 000 so <br /> interest earned annually would be between $30K to <br /> $35K, park dedication income would be between $20K <br /> and $30K annually. Monies from charitable gambling <br /> or the General Fund would be needed to finance park <br /> • improvements when dedication funds are not <br /> received. <br />