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<br />purchasing two lots opposed to one that it may deplete the Parks & Recreation Committee's budget. In <br />multiple City Council Minutes, Mr. Meyer referred to funding for this property as potentially coming <br />from the Park Dedication Fees received from the downtown redevelopment. If this is the case, the <br />committee has a healthy fund balance and can proceed with the projects. If not, they do not have <br />funding to move forward with the plans for the lake shore property. <br /> <br />Mr. Meyer provided the committee with a financial statement that shows the current cash flow of <br />assets and liabilities. The committee would like this particular financial statement on a monthly basis, <br />as well as more of a breakdown of expenses for example; a line item lists 'anticipated expenditures <br />include the completion of the purchase of 1601 LaMotte Drive, demolition of 1601 LaMotte Drive and <br />improvements to Center Street Trail totaling $380,000'. The committee would like this broke down <br />into costs for each item. <br /> <br />Mr. Larson stated some items may have a fair chance of obtaining a grant, particularly items that have <br />to do with trails or nature areas, while items such as football fields and lighting are much more difficult <br />to receive grant monies for. Mayor Capra asked the committee if they knew the amount of funding <br />the committee would be looking for. Committee Member Amundsen replied they are still in the <br />planning stages and have not received estimates or quotes for any of the work, but the committee is <br />looking at gazebos, picnic tables, benches, lakeshore restoration, a rain garden, general landscaping <br />and tree/shrub removal, as well as a paved walkway. It has been suggested the committee may be able <br />to have installed a fountain from what looks like a possible artesian well located on the property. <br /> <br />2 of 2 <br /> <br />-</1 <br />