TO: Mayor and Members of City Council
THRU: Douglas J. Hewett, City Manager, ICMA-CM
FROM: Kristoff Bauer, Deputy City Manager
DATE: May 7, 2018
RE:
Title
Parks Bond Financial Plan Update
end
COUNCIL DISTRICT(S):
Council District(s)
All
b
Relationship To Strategic Plan:
Goal 4: Desirable Place to Live, Work and Recreate
Executive Summary:
The Parks Bond Council Subcommittee met on April 19 and took a number of actions that will require revisions to this financial plan. (See attached summary) A draft plan will be presented to the Committee prior to the Work Session. This item will be updated with the Committee’s recommendation prior to the Work Session. (The Committee did not meet, but a revised preliminary expenditure plan is attached based on their prior direction.)
Background:
The initial financial plan was developed based on January 4, 2016, Council action identifying the projects to be funded by the Park Bond and allocating funding to each. The current plan includes adjustments to the timing of some projects based on the direction of the Park Bond Council Subcommittee.
Issues/Analysis:
Type here
Budget Impact:
Type here
Options:
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Recommended Action:
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Attachments:
April 19 Bond Committee Memorandum
Current Financial Plan
Revised Financial Plan based on April 19 Committee Action