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7) PARK DEDICATION REVIEW AND RECOMMENDATION – 2433 COUNTY <br />ROAD B WEST <br />Staff provided the history, purpose, options and laws pertaining to Park Dedication for the <br />City of Roseville. <br />The development plan for 2433 County Road B West is to subdivide 1.04 acres into 7 lots <br />and develop 6 townhomes. This project qualifies for park dedication. The cash amount would <br />be $24,000($4,000 per additional lot) or the land amount would be 10% of 1.04 or .10 acre. <br /> <br />Commissioner O’Brien asked if there is anything that a .10 acre park could be used for. Staff <br />confirmed that a park that size would only be useful as a connection and potential stopping <br />point between parks. However, this location does not require any connections. <br /> <br />Commissioner Stoner noted that foresight and creativity will be needed if there is ever going <br />to be additional parkland in southwest Roseville. In addition, he pointed out that although <br />this would be a small park there is a large parcel of land in the area that is identified as a <br />potential park in the Master Plan and together the two parcels could help to meet the Park <br />and Open Space acquisition goals in southwest Roseville. <br /> <br />Commissioner Heikkila questioned who determines which part of the land is deemed Park <br />Dedication land. Staff stated that the city would decide which part of the land would be used <br />for park land to satisfy Park Dedication. <br /> <br />Commissioner O’Brien made a motion to recommend cash in lieu of land to the City Council <br />in the amount of $24,000 for the location at 2433 County Road B West . Commissioner <br />Brown seconded. Motion passed unanimously. <br /> <br />8) CASH RESERVE FUND COMMUNICATIONS <br />Staff provided an overview of the Request for Council Action (RCA) that was presented to <br />the City Council by Finance Director Chris Miller on March 18. As noted in the RCA the <br />Parks and Recreation cash reserve target level is 25% and does not have an identified target <br />high or low range like other departments. Based on the 25% reserve level the Parks and <br />Recreation Operating Fund had $634,968 over the 25% cash reserve amount. This overage <br />amount was moved to the General Fund with the note that it is earmarked as Parks and <br />Recreation funds. The additional amount in the Parks and Recreation account can be <br />attributed to a continual fluctuation of many factors including weather and increased revenue. <br /> <br />3 <br /> <br />