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) <br /> 35 2. Voter referendum <br /> 36 A voter referendum approach would include increased projects for natural <br /> 37 resources, trails, land acquisition and additional development and enhancement <br /> 38 per the master plan. <br /> 39 <br /> 0 3. A combination of abatement bonds and referendum <br /> 1 The combination approach includes abatement bonds and voter referendum and <br /> Aga would include blending the two above mentioned areas. <br /> 3 <br /> 4. Aggressively pursue the local option sales tax <br /> 5 The local option sales tax approach would be to pursue future funding for <br /> 6 additional new improvements, including a Community Center and possibly <br /> 7 operations <br /> 8 <br /> 9 Jason Etten, Chair of the COT and the Parks and Recreation Commission and staff will be at <br /> 50 the meeting for further discussion. <br /> 52 A TIME BASED PLAN <br /> 53 A time based approach to fully implement the master plan includes: <br /> 55 Step one - $19M of improvements over a 5 year time period as outlined <br /> 56 <br /> 57 Step two — $16M of improvements as outlined in the Master Plan such as: <br /> 58 additional natural resources management <br /> 59 further development of the pathway and trail system <br /> 60 • acquisition and development , i.e. adjacent Langton Lake <br /> 6 1 properties for trail <br /> 62 implementation of school/park concept at Fairview and Parkview <br /> 63 Schools <br /> 64 complete existing master plan development, i.e. Ladyslipper Park <br /> 65 <br /> 66 Step three -$25M - $30M for Community Center <br /> 6 <br /> 68 Step four - $25M —future enhancements per master plan and vision such as: <br /> 69 • acquiring land to relocate softball fields from Victoria and develop <br /> continue implementation of pathway system including a pedestrian <br /> 71 walkway over major thoroughfares <br /> 72 continue natural resource enhancements <br /> 7 <br /> 74 This approach also implements the Park and Recreation infrastructure portion of the Park <br /> 75 Capital Improvement Plan (CIP) excluding vehicles and equipment, Skating Center and Golf <br /> 7 Course areas. <br /> 78 BOND COUNCIL DISCUSSION <br /> In very preliminary discussions with the City Bond Council, Briggs and Morgan, it is possible to <br /> 80 structure abatement bonds in a way to provide for improvements as outlined in the master <br /> 81 plan over a period of time longer than 3 years. <br /> �,2 <br /> Page 2 of 3 <br />