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lime replacement and fence and playground sectionreplacement for example. <br />They address safety concerns like playground surface replenishing, and field <br />upgrades.Plus they also help to maintain community expected standards <br />such as repairing parkamenities, sign maintenance, and the color coating of <br />tennis courts. <br />Why is it important? <br />The PIP account is currently managed as a rolloveraccount allowing a more <br />strategic approach by rolling thecumulative balance forwarduntil the project <br />is compete.This fund and the flexibility it allows are important to operations. <br />Where can I find out more about it? (URL) <br />https://www.cityofroseville.com/768/Budgets-Annual-Reports <br />Parksand Recreation Renewal Funds <br />What are they? <br />The park and recreation renewal program projects began on May 31, 2014. It <br />was funded using a $19 million bond. Although nearing the programs end, <br />there is about $400,000 left in the park renewal fund account and some of this <br />willbe used for ongoing projects. <br />Note:There are outside generally accepted accounting principles on <br />borrowing money for city use. Borrowed money should be spent within about <br />3 years (rule of thumb for generally accepted practice). In the case of current <br />park and recreation renewal funds, we have passed the 3 year mark but the <br />projects have been identified and in most cases contracted out with the goal <br />of making the funds go further, using the money wisely and not being overly <br />rushed just to spend it. Internal talks have been ongoing on how to spend any <br />remaining funds wisely to meet the principles and the spirit in which it was <br />intended. <br />Southwest Roseville pocket park at Cleveland and Co Rd. B and 1716 Marion <br />Street pocket park are both beneficiaries of this planning. <br />Why is it important? <br />The Parks and Recreation Renewal program was a major financial <br />commitment by the City Council and Roseville citizens to maintain and <br />upgrade our parksand recreation system.Thesefundshave been used for <br />the Parks and Recreation Renewal Program that is described in a section <br />below. <br />Park Dedication Ordinance and Fees <br />What is it? <br />TheCity of Roseville and other communities commonly requirenew <br />residential, commercial or industrial developmenttoeitherdedicate land for <br />park space,topay a fee in lieu of dedicating land or a combination of each <br />6 <br /> <br />