2022-2026 Capital Improvement Program.pdf

Contact Juli Seydell-Johnson Depar tment PARKS & RECREATION

R4346

Pr oject #

Pr oject Name Palisades or Stone Br idge Par k Development

Type One Phase

Useful Life 20 years

MATCH % NONE GRANTEE NONE

PLAN Park Master Plan

Categor y Parks Maintenance

TIF DISTRICT None

Pr ior ity Essential (2)

Description Funding to develop a new neighborhood park in an emerging or underserved location. The City owns several parcels designated for parks and developments are completed. Justification The 2017 Park Master plan points to a districts with deficiencies in park land. This project will be designed to develop a new neighborhood park in a growing or underserved neighborhood as the opportunity becomes available. Total Pr oject Cost: $700,000 Status Active

Expenditur es

Total

2022

2023

2024

2025

2026

30,000 300,000

30,000 300,000

60,000 600,000 10,000 10,000 20,000 700,000

PLANNING/DESIGN CONSTRUCTION

5,000 5,000

5,000 5,000

INSPECTION

ADMINISTRATION CONTINGENCY

10,000 350,000

10,000 350,000

Total

Funding Sour ces GENERAL FUND

Total

2022

2023

2024

2025

2026

350,000 350,000

350,000 350,000

700,000 700,000

Total

Budget Impact/Other This project will increase operating expenditures due to the addition of new park amenities and finished park land. The estimated increase in operating expenditures is $20,000 per year.

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