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Regular City Council Meeting Monday,August 17,2015 Page 10 Chair Schroeder advised that the Commission had a discussion about using"addi- tional levy"meaning"revenue source," which had been clued in other places (e.g. summary page) as "other sources." Mayor Roe suggested plugging in a one-time additional funding source of$2 mil- lion to cover that, but sought input from the Parks & Recreation Commission as well. Mayor Roe noted that if the city funded the large OVAL expenses in 2020 by issuing bonds, the remaining proposed funding amounts would cover the re- maining expenses over the twenty years, while at other times the State of Minne- sota had contributed to this regional asset, as well as identifying private entities that may be willing to participate in the future as well. Further discussion included policy decisions in considering other revenue sources in order to make funds more sustainable if that $2 million for the OVAL was backed out. Councilmember Laliberte opined that she didn't think other funding sources should ever be counted on in making long-term plans for the City or decisions based on a certain amount of dollars coming in from another source. For discussion purposes, Mayor Roe observed that if the OVAL amount of $2 million was excluded, the remainder of the CIP at 100% looked to be on target. However, Mayor Roe recognized that consideration always needed to be given to the timeframe for expected life expectancy for city-owned assets and properly timed going forward. Regarding the OVAL, Commissioner Rohloff referenced Scenario 4 in appendix B-4 excluding the OVAL. In the PIP, Mayor Roe noted a similar situation related to possibly changing tim- ing of expenditures making the 20-year funding and fund balance work better, which brought discussion to park dedication funding. Before moving on, Chair Schroeder offered the Commission's willingness to pro- vide any other scenarios the City Council requested. Commissioner Rohloff opined that if a surplus or reserve was achieved, any of these under funded CIP funds would be a good place to put it, and if any levy de- crease was initiated, it needed to be accounted for in the next year, but a good place for a one-time injection for the OVAL would go along way as dedicated funding in the long-term. Park Dedication Funding Mayor Roe expressed appreciation to the Commission for bringing this forward, as well as their recommendation.