2015-09-01_PR Comm Packet - Laserfiche WebLink

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Included in your packet for guidance is a copy of the Park Dedication Ordinance and documents from the Parks and Recreation System MasterPlan on Parks and Open Space acquisition. The primary role of the Commission is to review and make a recommendation on whether to accept land, cash or a combination. Requested Commission Action: To discuss and make a recommendation to accept land, cash or a combination to satisfy the Park Dedication requirements. Park Dedication –Use of Funds 6. At your June 15, 2015 joint meeting with the City Council, it was suggested that you reviewand provide a recommendation onthe future use of Park Dedication Funds. By law, Park Dedication feesare restricted and can onlybeused for acquisition, developmentandimprovementsof parks andrecreation facilities based on the approved Parks and Recreation Systemand Capital Improvement Plan. Funds must not be used for ongoing operation or maintenance. Some relatively recent examples where the City accepted landin lieu of cash dedication includesOwasso Hills Park in 1999, Applewood Park in 2004 and a portion of the Nature Center wetlands in 2006. A recent example where the City used Park Dedication Funds to purchaseaparcel of propertywas in 2013/14 for a parceladjacent to Langton Lake Park that unexpectedly came up for sale. A current example of consideration to purchase property usingPark Dedication Funds in is the Owasso Ballfields.This is one that was unexpected until a few years ago. Other types of uses of the Park Dedication Funds have included landacquisition surveys and consultantcoststhat were incurred to update the Parks and Recreation System Master Planin 2009/10. As you can see by the chart below, the collection of Park Dedication fees aresporadicas developments and/or redevelopments occur. Below is a summary of the fund over the past 10 years.