TO: Mayor and Members of City Council
THRU: Douglas J. Hewett, City Manager, ICMA-CM
FROM: Kristoff Bauer, Deputy City Manager
DATE: November 5, 2018
RE:
Title
Parks and Recreation 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 ("Committee") met on April 19, 2018 and took a number of actions that will require revisions to this financial plan. (See attached summary) Further revisions have been made based on new opportunities and information. The Committee met again on Oct. 24 to review the plan as updated (attached). That plan is slightly out of balance and options to address that issue were discussed. The Committee directed staff to bring the financial plan to Council along with options to address any shortfall in the funding model. Staff is seeking Council direction regarding the composition and timing of the projects supported by park bond proceeds and consensus regarding actions to be taken to ensure that the plan is sound.
Background:
The initial financial plan was developed based on January 4, 2016, Council action to identify the projects to be funded by the Park Bond and allocate funding to each. The current plan includes adjustments to the timing of some projects based on the direction of the Committee. Additional adjustments were recommended by the Committee during a meeting on April 19, 2018, which are summarized in the attached memorandum. The Council confirmed a number of the Committee's recommendations during the May 7 Work Session including increasing funding for the senior centers and adjusting the timing and location for the sports field complex (see attached summary memorandum).
After that Work Session, the City received an offer from Ft. Bragg to make property off of McArthur Rd. available to the City for the development of sports fields. Ft. ...
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