2015-12-01_PR Comm Packet - Laserfiche WebLink

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See pages 7 - 15 - for excerpt of the Park & Recreation joint meeting. Regular City Council Meeting Monday, November 16, 2015 Page 10 1 that given the unpredictable nature of if and when an acquisition may come for - 2 ward, the Commission's intent was to have sufficient funds or funds not so small 3 — that reacting to those potentials couldn't be available over the next twenty years. 4 Commissioner Doneen requested retaining an available funding source to provide 5 that option should something develop. Commissioner Doneen noted that the main 6 concern of the Commission was to provide some flexibility in using monies for 7 the CIP, but also to maintain the integrity in that fund balance for acquisition go - 8 ing forward in perpetuity. 9 10 Commissioner Holt noted comments made by Councilmember McGehee at the 11 last joint meeting regarding maintaining existing assets; and offered his whole - 12 hearted agreement as did the Commission. Commissioner Holt also agreed that 13 the CIP should not be set up based on the Park Dedication fees alone, as it would 14 be an unreliable and unsustainable source. Commissioner Holt noted the Com - 15 mission's intent to address the fiscal responsibility of the City's CIP fund for on - 16 going improvement of its assets, while also allowing the City Council to respond 17 in a timely manner if and when a parcelbecomes available now or with future 18 City Council's down the road long-term. If acquisitions funds are not available 19 when parcels become available, Commissioner Holt noted a likely response may 20 be forced and go by the wayside, depending on the City Council's mindset at that 21 time. 22 23 Speaking to SW Roseville, Commissioner Holt noted that $1 million had been set 24 aside for acquisition in that area in the bond issue, but if nothing happened, the 25 City Council could choose to pay down the bond. Under that scenario, Commis - 26 sioner Holt noted that again, should a parcel subsequently become available there 27 would be no funding with which to purchase it. Therefore, Commissioner Holt 28 strongly advocated for the fiscal responsible allocation of acquisitions funds. 29 30 Councilmember McGehee noted that the issue continued to come up regarding 31 developing green space or park land, and in many cases residents didn't want de - 32 velopment: in their park. As an example, Councilmember McGehee noted there 33 had been park land identified that she had pointed out to staff, but apparently 34 there had been no interest in looking at it, but it had been identified by SW Rose - 35 ville residents as their first choice for a park. Specific to Commissioner Holt's 36 comments on bonding and future City Councils not sharing interest in acquisition, 37 Councilmember McGehee noted that those serving in that capacity will be elected 38 by residents living in that area. Therefore, Councilmember McGehee stated she 39 ' was not concerned about the disposition of future City Councils since they should 40 be reacting to situations on the behalf of their constituents. 41 42 Specific to the $1 million recommended balance, Councilmember Laliberte 43 sought clarification if the Commission was intending that future incoming monies 44 would replenish that allocation to keep that balance. 45