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Finance Commission Minutes <br />July 12, 2016 – Draft Minutes <br />Page 3 of 7 <br /> <br />the use of Park Dedication Fees and combinations of these options. He stated all of the scenarios 91 <br />included the repurpose of a bond in 2020 for $650,000. 92 <br /> 93 <br />Chair Schroeder asked if the replacement of the new parks equipment and buildings was 94 <br />reflected in the CIP at this time. 95 <br /> 96 <br />Finance Director Miller stated that these items would not be in the 20-year CIP because they are 97 <br />new and would not be replaced during the CIP time frame currently being reviewed. 98 <br /> 99 <br />Chair Schroeder pointed out the CIP needs would increase after the projected 20-years to include 100 <br />the replacement of the new parks equipment and buildings. 101 <br /> 102 <br />Commissioner Zeller asked what the $300,000 annually in the Park Improvement Plan was 103 <br />allocated for. 104 <br /> 105 <br />Finance Director Miller stated this was allocated for tree management, buckthorn removal, and 106 <br />protecting and enhancing the natural assets that currently exists. 107 <br /> 108 <br />Vice Chair Rohloff explained there would not be a need for additional tax levies if the City did a 109 <br />one-time infusion of $400,000 from the Park Dedication Fees plus allocated 2/3 of future fees to 110 <br />the Park Improvement Program fund. 111 <br /> 112 <br />Chair Schroeder stated the Commission had recommended policy changes to the City Council 113 <br />regarding the use of Park Dedication Fees but the City Council has not adopted these 114 <br />recommendations at this time. 115 <br /> 116 <br />Finance Director Miller stated the City Council may consider this recommendation after the Golf 117 <br />Course Task Force has completed their work. 118 <br /> 119 <br />Chair Schroeder asked if any of the bonding for the Parks and Rec replaced any items in the CIP. 120 <br /> 121 <br />Finance Director Miller stated the bond addressed $19 million of CIP needs 5-years ago and 122 <br />anything that was replaced then is no longer included in the current CIP. 123 <br /> 124 <br />Vice Chair Rohloff reviewed the 2 scenarios he prepared for the Golf Vehicle and Equipment 125 <br />Fund. These included the current CIP Plan and a one-time funding of $1 million for a new club 126 <br />house. He clarified there was no other revenue coming into this fund. 127 <br /> 128 <br />Chair Schroeder clarified the Golf Course would continue to operate in the red, even with a new 129 <br />club house. 130 <br /> 131 <br />Finance Director Miller stated on the current industry and what the Golf Course would generate 132 <br />on its own, the assumption is it would continue to operate in the red. 133 <br /> 134 <br />Item #3: Attachment A