City of Fayetteville
File #: 18-548    Version: 1 Name:
Type: Consent Status: Agenda Ready
File created: 11/16/2018 In control: City Council Regular Meeting
On agenda: 11/26/2018 Final action:
Title: Parks and Recreation Bond Financial Plan Approval
Attachments: 1. Parks and Rec Bond Project Funding Package 11 26 18, 2. Parks and Recreation Bonds Debt Service Funding Model - Option A
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TO: Mayor and Members of City Council

THRU: Douglas J. Hewett, City Manager, ICMA-CM

FROM: Kristoff Bauer, Deputy City Manager

DATE: November 26, 2018

RE:
Title
Parks and Recreation Bond Financial Plan Approval
end

COUNCIL DISTRICT(S):
Council District(s)
All


b
Relationship To Strategic Plan:
Goal 4: Desirable Place to Live, Work and Recreate


Executive Summary:
This item was discussed during the Council Work Session of Nov. 5 and the consensus direction to staff was to bring forward the financial plan described on that day as "Option A" for Council approval.


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. Bragg has proposed to provide this property through a no cost 50 year easement in subsequent conversations. Moving that project from the Military Business Park to this new location allowed funding that had been identified for property acquisition and broader site improvements to be reallocated.

The Committee recommended the following during their Sept. 26th meeting:

* Identify Cliffdale & E.E. Miller Splash Pads as Future Unfunded
* Split the funding for the "TBD" Splash Pad among two new projects;
o Stadium Play Space (installing a permane...

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