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Feasibilily Study Pron m 1.0 Bach round In 1997, the City received funding from the Metropolitan Council Livable Communities Program to complete a study of 3 corner areas in the City, which included the Lexington and B Intersection. This area has also been under study by the Parks and Recreation Commission and the Parks and Recreation Infrastructure Committee. The neighborhood has also taken an active interest in the property. Both entities have recommended that the entire parcel be a Community Park. 2,0 Study P130af 2.1 As a result of the grant from the Metropolitan Council Livable Communities Program and Community Development Professional Services Funds, the city has the opportunity to complete a "first cut" feasibility study of the area. This proposal describes a feasibility study that wouid include the following: Concept proposal for 2 development scenarios: 1. An 8 acre community park 2. A 6-acre neighborhood park with a 2-acre community building. The study would include these planning principals- 1. Extensive community participation in developing the stated options. 2. Planned elements would include year around activity features and uses and intergenerational Uses. 3. Water amenities would be included in both options. 4. Public-private partnership opportunities will be developed for each option. 5. Per acre operations and maintenance cost projections will be included. 6. Revenue opportunities will be identified. The final report will include: 1. Detailed written description of each scenario, which will include the discussion of the above stated principals. 2. Concept (sketch) drawings of land and buildings each scenario. 3. Cost estimate ranges for each scenario. 2.2 Option Concepts. The following are descriptive concepts to guide the `initial discussions: The Parks and Recreation System Plan uses the following definitions for park areas: Neighborhood Park: Neighborhood parks offer opportunities for a variety of recreational activities, both organized and informal, located close to residential areas. ommunit Park: Community parks are larger and offer diverse environmental features, including unique, natural open space. They offer many opportunities for recreation. This includes the Activity center land.