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• <br /> TO: Honorable Mayor & City Council Members <br /> FROM: Kim Stephan <br /> DATE: September 8, 2011 <br /> SUBJECT: Recommendation to City Council Regarding Revenue of $3,666 from the 2011 Festival <br /> of the Lakes 8K Events <br /> The committee had a lengthy discussion at the September 7, 2011 Parks & Recreation Committee meeting <br /> regarding what project(s) the committee would like to fund with the revenue from the 2011 Festival of the <br /> Lakes 8K Events. The committee has a Park Reserve Fund with a $2,500 donation from Dead Broke <br /> Saddle Club for a sand volleyball court. This project is estimated to cost approximately $10,000. <br /> Committee Member Seeley made a motion to request City Council allocate $2,500 of the revenue for the <br /> sand volley ball court and request the remaining balance of $1,166 be put into a new line item called Park <br /> Project Fund to potentially be used for items such as trail signage and lighting for the flag pole at <br /> Cornerstone Park. This motion failed for a lack of a second. The committee felt the revenue needed to be <br /> specifically earmarked for a project and requested City Council allocate the entire amount to the sand <br /> volleyball court. This will bring the balance in the account to $6166. The committee will then request <br /> additional funding from Dead Broke Saddle Club. • <br /> Motion was made by Committee Member Peterson, seconded by Committee Member Haiden to <br /> recommend City Council allocate the $3,666 Revenue from the 2011 Festival of the Lakes 8K <br /> Events to the Park Reserve Fund for the Sand Volley Ball Court. Ayes — 5, Nays — 1 (Seeley). <br /> Motion Carried. <br /> • <br /> 12 <br />