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Regular City Council Meeting Monday, November 16, 2015 Page 10 that given the unpredictable nature of if and when an acquisition may come for- ward, the Commission's intent was to have sufficient funds or funds not so sm�ll — that reacting to those potentials couldn't be available over the next twenty years. Commissioner poneen requested retaining an available funding source to provide that option should something develop. Cominissioner poneen noted that the main concern of the Commission was to provide some flexibility in using monies for the CIP, but also to maintain the integrity in that fund balance for acquisition go- ing forward in perpetuity. Commissioner Holt noted comments made by Councilmeinber McGehee at the last joint meeting regarding inaintaining existing assets; and offered his whole- hearted agreement as did the Coinmission. Commissioner Holt also agreed that the CIP should not be set up based on the Parlc Dedication fees alone, as it would be an unreliable and unsustainable source. Commissioner Holt noted the Com- mission's intent to address the fiscal responsibility of the City's CIP fund for on- going improvement of its assets, while also allowing the City Council to respond in a timely manner if and when a parcel becomes available now or with future City Council's down the road long-term. If acquisitions funds are not available when parcels become available, Commissioner Holt noted a likely response may be forced and go by the wayside, depending on the City Council's mindset at that time. Speaking to SW Roseville, Commissioner Holt noted that $1 million had been set aside for acquisition in that area in the bond issue, but if nothing happened, the City Council could choose to pay down the bond. Under that scenario, Coinmis- sioner Holt noted that again, should a parcel subsequently becoine available there would be no funding with which to purchase it. Therefore, Commissioner Holt strongly advocated for the fiscal responsible allocation of acquisitions fiinds. Councilmember McGehee noted that the issue continued to come up regarding developing green space or park land, and in many cases residents dicln't want de- velopment in their park. As an example, Councilmember McGehee noted there had been park land identified that she had pointed out to staff, but apparently there had been no interest in looking at it, but it had been identified by SW Rose- ville residents as their first choice for a park. Specific to Commissioner Holt's comments on bonding and future City Councils not sharing interest in acquisition, Councilmember McGehee noted that those serving in that capacity will be elected by residents living in that area. Therefore, Councilmeinber McGehee stated she was not concerned about the disposition of future City Councils since they should be reacting to situations on the behalf of their constituents. Specific to the $1 inillion recommended balance, Councilmember Laliberte sought clarification if the Commission was intending that future incoming monies would replenish that allocation to keep that balance.