Park Improvement Funding - Park Dedication FeesPublic Works Department
Memorandum
To: Honorable Mayor and Members of the City Council
From: Steven J. Stadler, Public Works Director
Copy: Mike Mornson, City Manager
Date: August 7, 2012
Subject: Park Improvement Fundinq — Park Dedication Fees
This topic was last discussed at a February 14, 2012 work session. Our current $800/unit
rate of developer -paid park dedication fees is far below the metropolitan area city average
of $3,933/unit and roughly one-half the 2nd lowest rate of $1,500/unit (Fridley and St. Louis
Park). Staff is requesting that we raise our residential development rates to $1,500/unit
and not change the current commercial development rate of 5% of fair market land value.
The Park Board is continuing to consider funding options and has begun a detailed review
of park condition and needs. Currently, the only possible residential development that
could be impacted by the new rate would be the block 64 redevelopment site (5th_6th
Ave/Ma instreet). Of course, park dedication fees can be negotiable depending on the
specifics of the redevelopment.
Our upcoming park capital projects include predominantly replacing play equipment at
Park Valley, Cottageville and Hilltop Parks. The equipment at these parks was installed it
1990. The CIP also includes replacing the play equipment at Oakes Park, which was
installed in 1995. Although 22 years old, the equipment is not unsafe or in poor condition,
some of the plastic components show wear and there is some cracking that has begun.
The Oakes Park play equipment is usable for a few more years but the thought was to
expand the equipment area as this park is much more heavily used than it was 10 years
ago. The Oakes Park play set is substantially smaller than other neighborhood parks, i.e.
Hilltop Park or Park Valley. In any event, park play equipment will need to be replaced in
the near future, with the exception of Burnes Park, Interlachen Park and Shady Oak
Beach, - that's a total of 8 sets of play equipment.
We won't meet the long term funding needs for the parks by raising the park dedication
fees but it will help. Our fees are definitely low in comparison to almost every other metro
city. The Park Board will continue to review park condition & needs while exploring other
funding options to help keep our parks safe, enjoyable and meeting our residents'
expectations.
Stuff would like to seek approval for the park dedication fee increase at the August 21 City
Council Meeting — this is done by Council Resolution.
Atchs:
1. Park Improvement Fund Working Capital report
2. Park play equipment photos
PARK CAPITAL IMPROVEMENTS FUND (301)
0711912012
Actual
Projected Projected Projected Projected
Projected Projected
2011
2012 2013 2014 2015
2016 2017
Working Capital Beginning Year
232,629
112,195 170,317 42,020 (53,560)
(54,095) (55,718)
Revenues:
Taxes (from matured Park Bonds
1,346
Interest
1,585
1,122 1,703 420 (536)
(1,623) (1,672)
Dedication fees
0
128,000 0 0 0
0 0
Hennepin County Grant
150,000
Met Council - easememt/grant
50,000 300,000
Grants - Private Foundations
30,000
Donations - general
0
1,000 1,000 1,000
Donations - benches
Transfer in - close fund 412
2,581
Total Revenues
5,512
360,122 302,703 1,420 (536)
(1,623) (1,672)
Expenditures:
C.I.P. Projects
118,946
295,000 105,000 90,000 0
0
Cottageville Property Acquisition
319,000
Skate Park commitment
7,000
7,000 7,000 7,000
Total Expenditures
125,946
302,000 431,000 97,000 0
0 0
Working Capital Year End
112,195
170,317 42,020 (53,560) (54,095)
(55,718) (57,390)
Park Dedication -
2011 Projects -Actual
Ki Dev - $tvative
4,377
Admin costs
.00
conservative est aat
t 1 160 units 60
66,412
Shady Oak Beach Play Area Renovation - total due Mtka
' -n Plastics - none as there
3,948
Shady Oak Beach Play Area Renovation - 2/3rds to be billed
to Mtka
wil n , be a re -platting
(3,977)
Mtka - reimb 67% of 2010 and 2011 Shady Oak Beach costs paid by Hopkins
_
19,420
Valley Park Basketball Courts
3,716
Miscellaneous Park Improvements - Cottageville Park water
line and grills for parks
25,050
Park Shelter Roofs - Maetzold, Harly Hopkins, Central
7,000
Skate Park improvements
125,946
2012 Proiects
35,000
Valley Park Play Equipment - reduced from $65,000
10,000
Miscellaneous Park Improvements
45,000
Cottageville Park Play Equipment
205,000
Maetzold Field Improvements ($180,000 recd in grants)
7,000
Skate Park improvements - Yr 1 of new 3 yr agreement
302,000
2013 Projects
60,000
Oakes Park Play Equipment
45,000
Repair Tennis Courts - Burnes Park
7,000
Skate Park improvements - Yr 2 of 3 yr agreement
112,000
2014 Projects
45,000
Park Valley Play Equipment
45,000
Hilltop Park Play Equipment
7,000
Skate Park improvements - Yr 3 of 3 yr agreement
97,000
2015 Projects
none - Depot Recreation Area - all funding OGU or grants
2016 Projects
none
2017 Projects
none
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