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Utility bonds — a bond defrayed by the revenues derived from utility changes <br />Transportation Equity Act (TEA21) Funds — In conjunction with the Twin Cities <br />Metropolitan Planning Organization transportation planning and programming, <br />federal matching funds are available for transportation and enhancement related <br />projects. <br />Grants — A diminishing number of grants are available for specifically qualifying <br />projects, such as park and trail development, or utility improvements. <br />Loans — revenues to repay the loans would have to come from one of the sources listed <br />above, or from some specific future equity position in the project. The general policy <br />of public financial assistance should be loan before grant, to keep the money working <br />for the community. <br />Donations- private contributions given for general or specific purposes. A significant <br />amount of private wealth is anticipated to be passed to the next generation in the near <br />future. Having a policy in place for accepting donations would give security to donors, <br />insure the proper management of donated funds and, potentially, foster additional <br />gifts. <br />Donations or grants could come from individual, businesses or non -profits. Funding <br />sources from other governmental jurisdictions are somewhat limited, and fall into the <br />above categories. However, other jurisdictions do make investment decisions affecting <br />the City and need to be considered in collateral requirements. Pathway and trail <br />funding would be a case in point. The Minnesota Department of Natural Resources <br />and Ramsey County currently have primary jurisdiction when securing financial <br />participation from regional, state and federal government entities. Part of the <br />implementation process involves working with the various agencies and private <br />interest groups to secure the improvements, and to be prepared to provide local <br />supporting action and investments. <br />Investment Purposes <br />Pubic investment purposes are broadening to include equity positions in some private <br />(but public purpose) property, such as affordable housing. In some cases, historically <br />public facilities are being converted into private or joint ventures with or without <br />direct lease payments to or from the municipality. These investments fall into general <br />groups that might be labeled as land acquisition, facilities acquisition and <br />development projects. <br />There are also some limited incentive investments that are made to directly induce <br />private investment. Direct public investments would focus on land acquisition, public <br />improvements and community facilities. <br />Recent Capita) Investments <br />The City of Gem Lake made its first capital investment in 2007-2008 in conjunction <br />with White Bear Township (WBT) in building a joint Gem Lake City Hall/WBT <br />meeting room. This facility is jointly maintained, with WBT handling the grounds and <br />the City of Gem Lake handling the building. <br />. .i. <br />EH13. implementation I page 68 <br />