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Attachment 2 <br />2026 Capital Improvement Plan <br /> Project/Initiative Summary <br />Department/Division: Parks <br />Project/Initiative Title: Applewood Playground <br />Total Estimated Cost: $175,000 <br />Funding Source: Park Improvement Fund <br />Annual Operating Budget Impact: <br />Project/Initiative Description: <br />Playgrounds installed prior to the Parks and Recreation Renewal Program Replacements in 2012 had an <br />industry standard expected useful life of 15 years, depending on use. Playgrounds installed after the 2012 <br />Renewal Program have an expected useful life of 20 years. <br />The Applewood Playground is one of the oldest in the Parks and Recreation system, and due to the density <br />of housing around the park, it is heavily used. The playground has faded, chipped, and is generally beyond <br />the end of its useful life. <br />All playgrounds are inspected three times per year for safety and a commission rating. <br />Asset Location: <br />Applewood Park <br />Current Asset Installation Year: <br />2005 <br />Expected Lifespan for Asset: <br />20 Years <br />Page 61 <br />Qbhf!252!pg!472 <br /> <br />