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Home My WebLink About6B - Review and approval of the 2003 Parks and Recreation Capital Improvement Program~ ~. R ~~ r~- ~ CITY OF BOULDER PARKS AND RECREATION ADVISORY BOARD AGENDA ITEM MEETING DATE: MAY 20, 2002 (Agenda Item Preparation Date: May 15, 2002 ) AGENDA TITLE: , Achon Item Review and approval of the 2003 Pazks and Recreahon Caprtal Improvement Program REQUESTING DEPARTMENT: Jan Geden, CPRP, Director of Parks and Recreation Kate Bernhardt, Actmg Supenntendent of Pazks Plazuung and Construction Julya Bndgewater, Admimstratrve Sernces Division Manager Chuck McElwazn, Admimstrative Analyst FISCAL IMPACT: The 2003 Capital Expend~ture budget total is $7 million PURPOSE: This is a request for the Boazd's approval of the Amended Pazks and Recreahon Capital Improvement Program (CIP). A downturn m future revenue assumphons has predicated the need to provide the Board with an amended CIP The CIP will be forwazded to the Plamm~g Board and City Council for final approval after approval by the Boazd. BACKGROUND: In Apnl, the Board reviewed a proposed CIP wtuch addressed reduced revenue pro~echons for the 25 cent sales tax totalmg $2,398,250 m the years 2002-2006. Revised budget pro~echons provided in mid-May have idenhfied additional revenue shortfalls of $ 287,117 (2002-2008) Permanent Pazks and Recreahon Fund (Fund 230) $2,250,437 (2002-2006) .25 Cent Sales Tax (Fund 118) """~ ~ Staff has revised the CIP to address the addihonal revenue shortfalls as follows. .25 Cent Sales Tax Fund• Pro~ected expenditures haue been reduced for Footlulls Commumry Pazk, Neighborhood and Pocket Parks, and Fiatirons Golf Course. These revisions reflect a pohcy direchon to mamtam the existmg Pazk and Recreahon system and to delay additional development of new park and recreahon facihties AGENDA ITEM # VI-B ; PAGE 1 .. Permanent Parks and Recreahon Fund ""'~~ Pro~ected expendrtures have been reduced to Recreahon Facilities Kenovation and `~"' Refurbishment Reducrion m this fundmg has been selected m view of the fact that the Ctty has made sigmficant progress towazds renovahon and refurbishment of ma~or recreahon facilihes over the past 6 years through an mvestment of over $18 milhon The reduchons m Recreahon Facihty Renovahon and Refurbishxnent is designed as a short term soluhon and will be revisited when revenue pro~echons turn around. The attachments which the Boazd reviewed m Apnl have been updated to reflect the addihonal revenue shortfalls Attachment A This table shows the ongmal fundmg allocahons for the 2003 CIP as provided to the Board m Apnl 2002 Attachment B. Tlus table shows the revised fundmg allocarions for the 2003 CIP Attachment C This graph and table shows the reductions in proposed expendihues for specific caprtal pro~eats Attachment D Tius graph and table is a summary of revised revenue pro~ectrons. Attachment E. The Fund Overview Sheets aze included for reference only. These will be forwazded to Plamm~g Board and City Council along with the approved Pazks and Recreahon CIP In the Apnl meering, Boazd members requested additional mformahon on specific elements of !he CIP This informahon is provided below ~"-. Question: When will the Lottery funded debt service for Area III city park property be retired? This debt sernce, $304,444 for 2002-2007 and $169,834 m 2008, will rehre m 2008 Quesrion: Clarify how Lottery Funds will be distributed beriveen Parks and Recreation, Open Space and Mountain Parks, and Public Works? Please see the Lottery Fund Overview Sheet, Attachment F Question: Does the City have a commitment to develop the Dakota Ridge park within a specific time frame? No. The City's contract to buy the pazk from the Dakota Ridge developer states that the City will reimburse the seller for 50°to of the cost of the street and water installations surroundmg the pazksite and for 100% of the cost of mstalhng street trees and estabhskung a dry land grass stand on the srte Funding was allocated m the 2001 CIP for these anhcipated expenses. The contract also states that the City will design and construct appropnate improvements to the park property for use as a commwuty or neighborhood pazk using "reasonably dingent efforts to schedule, fund, design and conshuct such improvements" ~ AGENDA TTEM # VI-B ; PAGE 2 Question: How might we fund the acquisition of park property if an opportunity arises? ~ In 1996-1999, staff conducted a seazch for pazk acqmsirion srtes to address under-served ~..- areas of cl~e Ctty based on the recommendahons of the Pazks and Recreat~on Master Plan Considenng srte avazlability, desirability, and cost, the Boazd directed st~.f to pursue specific pazk acquisitions through purchase or shared use agreements These acquisitions included: Valmont City Park, Area III City Pazk, Eimer's Two Mile Park, Lover's Hill Park, Baselme school/park development, Elks Site Pazk, 17`" and Alpme, Hickory Park, and Holiday Dnve-In Theater Pazk. These sites have been acquired. In view of the progress made to address under-served areas of the City by these park acquisihons, m 2000 the Boazd recommended that seazch for additional neighborhood pazk property be termmated and that the bonded fundmg for neighborhood and pazk acquisihon be reallocated to fund the North Boulder Recreahon Center. The cuaent CIP provides $100,000 per yeaz fundmg for pazk acqmsihon stazhng m 2007. Should a desirable site become avazlabie before that hme, it might be fixnded through reallocahng fundmg from other capital pro~ects or from the $1,000,000 idenrified m 2004 for the Relocarion of Exisring Facflitres at Valmont (2004) Quesrion: How will th e 2003 funding be used for the Foothills Community Park? Based on the reduchon of expenditures idenhfied for Footlulls Community Pazk staff is proposmg that Phase 2A and 2B development mclude 1. earthwork and mfrastructure v^~- 2. hmited parkmg and walks •.,r 3 large group picmc shelters 4 uhlity serv~ces only to a future restroom 5. a children's play azea and small public plaza 6. 2 volleyball courts 7. imgation, landscapmg, and site fiuiuture 8 fencmg only for a nahve grass covered dog exercise area 9 gravel fines trail system connechon from pazkmg to the dog exercise azea and ma~or trail system Tkus work w~l be accomphshed between 2002 and 2007 Tlus projection does not provide for c.,mplerion of the entire pazk Staff recommends that addihonal development beyond Phase 2A and 2B be reconsidered by the Board m 2003 or 2004, based on revenue pro~ectrons at that hme How will the 2003 funding be used for the Flatirons Golf Course? Tlus CIP Flatirons Golf Course Expansion budget is funded by revenues from the green fees. Last year revenues did not provide sufficient funds to meet the budgeted amount and the City Council approved use of capital expansion fee revenues for operatmg expenses. In 2002 and 2003, a portion of the revenues collected m past years will be used to complete addihonal plamm~g work requested by the Boazd for Phase 2 of the Golf Course Master Plan This fundmg wili also be used to proceed wrth the design and plannmg ,~ process to install protechve fencmg for the dnvmg range ~...- AGENDA ITEM # VI-B ; PAGE 3 ANALYSIS The revised 2003 CIP addresses anhcipated 25 Cent Sales Tax and Permanent Pazks and Recrearion Fund revenue shortfalls by presernng fundmg for renovahon and refurbishment '~`` wlule reducing funding for new caprtal pro~ects or property acquisihons. As sales tax revenues improve, funduig will be restored for capital construchon and acquisit~on. PUBLIC COMMENT AND PROCESS. Cihzens are mvited to comment on the CIP at Uus meeting Addihonal public comment may be provided at the Plamm~g Boazd and City Counc~l review of the CIP later tYus year STAFF RECOMMENDATION: Staffrecommends that the Boazd approve the 2003 CIP as shown in the attachments ATTACHMENTS: ATTACHMENT A: Capital Expenditure Budget by Major Category as of May 2002 (Table) ATTACHMENT B: Capital Expenditure Budget by Major Category as of April 2002 (Table) ATTACHMENT C: Budget Reductions By Project (Graph and Table) ^~* ~ ATTACHMENT D: Revenue Reduct'sons By Year (Graph and Table) ATTACHMENT E: Fund Overview Sheets AGENDA ITEM # VI-B ; PAGE 4 ATTACHMENT A Capital Operating Expenditures Renovation and Refurbishments Art m the Park Habitat Restoration/Praine Dog Urban Parks Rec Faality R & R Tnbutary/Greenways Facdity and Asset Management Sub Total Historical and Cultural Civic Center Complex Capital Improvement Pro~ects Foothdls Commundy Park Flatvon Golf Course Neighborhood & Pocket Park Development Land Acqwsition North Boulder Recreation Center Valmont Park Boulder Reservov Improvements Drive In Theatre Pro~ect Recreation Facdiry Improvements East Boulder Community Park Relocation of Existing Faalities Sub Total Debt Service Transfers/Cost Allocation Grend Total ~_~ City of Boulder Parks and Recreatio~ Depar[ment Capital Expenditure Budget By Major Category Original Submission Submfssion-May 2002 2002 Throua h 2008 2002 2003 2004 2005 2006 2007 2008 Budaet Budaet Budaet Budaet Budaet Budaet Budaet 686,000 570,000 588,000 606,000 625,000 635,000 645,000 25,000 25,000 25,000 25,000 25,000 25,000 25,000 80,000 81,000 81,000 80,000 81,000 50,000 80,000 383,000 392,000 449,000 456,000 463,000 470,000 478,000 320,000 327,000 333,000 340,000 346,000 346,000 346,000 150,000 150,000 150,000 150,000 150, 000 150, 000 150,000 379,000 398,000 418,000 439,000 46t,000 461,000 461,000 1,337,000 1,373,000 1,456,000 1,490,000 1,526,000 1,532,000 1,540,000 50,000 50,000 50,000 50,000 - 50,000 50,000 48,000 48,000 48,000 75,000 75,000 75,000 75,000 603,000 2,030,000 683,000 530,000 295,000 - - - 130,000 130,000 130,000 130,000 130,000 130,000 246,000 400,000 400,000 400,000 400,000 847,000 847,000 - - - - - 100,000 100,000 2,837,000 - - - - - - 250,000 - - - - - - 50,000 - - - - - - 200,000 - - - - - - - - - - 730,000 1,072,000 922,000 - - - 600,000 700,000 700,000 - - - 1,000,000 - - - - 4,186,000 2,560,000 2,213,000 1,660,000 2,255,000 2,849,000 1,999,000 1,594,000 2,751,000 2,754,000 2,784,000 2,740,000 2,784,000 2,777,000 209,000 215,000 221,000 228,000 235,000 242,000 249,000 8,110,000 7,567,000 7,330,000 6,893,000 7,456,000 8,167,000 7,335,000 AGENDA ITEM# VI-B PAGE 5 ~l ~ ~ ATTACHMENT B Capital Operating Expenditures Renovation and Refurbishments Art in the Park Habitat Restoration/Prairie Dog Urban Parks Rec Facility R & R Tributary/Greenways Facility and Asset Management Sub Total Historical and Cultural Civic Center Complex Capital Improvement Projects Foothills Community Park Flatirvn Golf Course Neighborhood & Pocket Park Developmer Land Acquisition North Boulder Recreation Center Valmont Park Boulder Reservoir Improvements Drive In Theatre Project Recreation Facility Improvements East Boulder Community Park Relocation of Existing Facilities Sub Total Debt Service Transfers/Cost Allocation Grand Total City of Boulder Parks and Recreation Department Capital Expenditure Budget By Major Category Re~ised Submission-May 2002 2002 Throuqh 2008 2002 2003 2004 2005 2006 2007 2008 Budqet Budpet Budqet Budqet Bud4et Budqet Budqet 686,000 570,000 588,000 606,000 625,000 635,000 645,000 25,000 25,000 25,000 25,000 25,000 25,000 25,000 80,000 81,000 81,000 80,000 81,000 80,000 80,000 383,000 392,000 449,000 456,000 463,000 470,000 478,000 224,000 228,000 231,000 334,000 363,000 385,000 382,000 150,000 150,000 150,000 150,000 150,000 150,000 150, 000 379,000 398,000 418,000 439,000 461,000 461,000 461,000 1,241,000 1,274,000 1,354,000 1,484,000 1,543,000 1,571,000 1,576,000 50,000 50,000 50,000 50,000 - 50,000 50,000 48,000 48,000 48,000 75,000 75,000 75,000 75,000 763,000 1,578,000 223,000 50,000 100,000 - - - 130,000 130,000 130,000 130,000 130,000 130,000 46,000 400,000 400,000 400,000 150,000 847,000 847,000 - - - - - 100,000 100,000 2,837,000 - - - - - - 250,000 - - - - - - 50,000 - - - - - - 200,000 - - - - - - - - - - 730,000 1,072,000 922,000 - - - 600,000 700,000 700,000 - - - 1,000,000 - - - - 4,146,000 2,108,000 1,753,000 1,180,000 1,810,000 2,849,000 1,999,000 1,594,000 2,751,000 2,754,000 2,784,000 2,740,000 2,784,000 2,777,000 209,000 215,000 221,000 228,000 235,000 242,000 249,000 7,974,000 7,016,000 6,768,000 6,407,000 7,028,000 8,206,000 7,371,000 AGENDA ITEM# VI-B PAGE 6 ATTACHMENT C PAGE 1 City of Boulder Parks and Recreation Department Budget Reductions By Project Budget Reductions By Project 4,000,000 3,500,000 3,000,000 2,500,000 2,000,000 1,500,000 1,000,000 500,000 ^ Original Budget ^ First Reduction ^ Second Reduction Proiect Oriainal Budqet First Reduction Second Reduction Foothills Community Park 3,411,696 2,601,949 1,014,607 Neighborhood/Pocket Parks 3,546,763 1,847,294 1,396,852 Rec Facility Renovation 771,551 771,551 484,434 AGENDA ITEM # VI-B PAGE 7 ~ ~ ~ Foothills Community Neighborhood/Pocket Rec Facility Renovation Park Parks ATTACHMENT C PAGE 2 City of Boulder Parks and Recreation Department Budget Reductions Due To Revised Revenue Projections 2002-2006 .25 Sales Tax Fund Foothill Community Park As Originally Budgeted First Reduction Second Reduction Reallocation Current Budget Neighborhood and Pocket Park Development 2002 2003 2004 2005 2006 Total 83,609 1,397,147 880,837 707,103 343,000 3,411,696 (83,609) (129,247) (122,247) (102,094) (72,550) (509,747) - (452,668) (459,792) (479,432) (195,450) (1,587,342) - (75,000) (75,000) (75,000} (75,000) (300.000) - 740,232 223,798 50,577 - 1,014,607 As Originaily Budgeted 393,080 731,692 768,276 806,690 847,025 3,546,763 First Reduction (147,037) (331,247) (368,095) (406,540) (446,550) (1,699,469) Second Reduction (200,000) - - - (250,442) (450,442) Reallocation - - - - - - Current Budget 46,043 400,445 400,181 460,150 150,033 1,396,852 Land Acquisition As Originally Budgeted - - 100,000 100,000 100,000 300,000 First Reduction - - (100,000) (100,000) (100,040) (300,000) Second Reduction - - - - - - Realfocation - - - Current Budget - - - - - - Total As Originally Budgeted 476,689 2,128,839 1,749,113 1,613,793 1,290,025 7,258,459 First Reduction (230,646) (460,494) (59a,342) (608,634) (619,100) (2,509,216) Second Reduction (20a,0~0) (452,668) (459,792) (479,432) (445,892) (2,037,784) Reallocation - (75,000) (75,000) (75,000} (75,000) (300,000) Current Budget 46,043 1,140,677 623,979 450,727 150,Q33 2,411,459 Permanent Parks and Recreation Fund 2002 2003 2004 2005 2006 Total Recreation Facility Renovation 8~ Refurbishment AsOriginallyBudgeted 130,000 251,551 130,000 130,000 130,000 771,551 Second Reduction (96,401) (99,473) (102,484) (5,434) 16.675 (287,117) Current Budget 33,599 152,078 27,516 124,566 146,675 484,434 O AGENDA ITEM# VI-B PAGE 5 ATTACHMENT D PAGE 1 City of Boulder Parks and Recreation Department Revenue Reductions By Year 2002-2006 Revenue Reductions By Year s,ooo,ooo 7,000,000 s,ooo,ooo 5,000,000 4,000,000 3,000,000 2,000,000 1,000,000 0 ^ Original Projection ^ First Reduction O Second Reduction Year 2002 2003 2004 2005 2006 ~ Oriqinal Proiection 6,498,094 6,789,404 7,093,729 7,229,775 7,433,437 First Reduction 6,096,706 6,328,910 6,573,540 6,732,695 6,914,338 Second Reduction 5,587,652 5,776,769 6,011,264 6,247,829 6,485,121 AGENDA ITEM# VI-B PAGE 9 ~ 2002 2003 2004 2005 2006 ATTACHMENT D PAGE2 City of Boulder ~ Parks and Recreation Department Summary of Revenue Reductions ~` 2002-2006 .25 Sales Tax Fund Cumulative 24.02 249_1 2S1Q4 209 z 2QQH Am9smt Original Pro~ection 6,248,094 6,539,404 6,843,729 7,079,775 7,308,437 34,019,439 First Reduction (401,388) (460,494) (520,189) (497,080) (519,099) (2,398,250) Second Reduction (412,653) (452,668) (459,792) (479,432) (445,892) (2,250,437) Total Reductions (814,041) (913,162) (979,981) (976,512) (964,991) (4,648,687) Current Pro~ection 5,434,053 5,626,242 5,863,748 6,103,263 6,343,446 29,370,752 Pecentage Change From Original Budget -13 03% -13 96% -14 32% -13 79% -13 20% -13 66% Permanent Parks and Recreation Fund ~""" t..- r*r'' ~i~/ Pecentage Change From Onginal Budget Cumulatrve 25142 2Sl4~ 24Q4 20Sl~ 2Sl9.fi AmQUnt Origmal Pro~ection 250,000 250,000 250,000 150,000 125,000 1,025,000 Second Reduchon (96,401) (99,473) (102,484) (5,434) 16,675 (287,117) CurcentPro~ection 153,599 150,527 147,516 144,566 141,675 737,883 -38 56% 39 79% -40 99% -3 62% 13 34% -28 Ol % AGENDA ITEM# VI-B PAGE 10 *"^ ATTACHMENT E-1 ~ This Fund Overview Statement is for reference only. It will be forwarded to the Planning Board and City Council with the approved CIP. LOTTERY FUND 2003-2008 CAPITAL IMPROVEMENTS PROGRAM OVERVIEW The Lottery Fund CIP is based on the May 16, 2001 ~oint recommendahon to City Council as requested of the Pazks and Recreation Advisory Board and the Open Space Boazd of Trustees HIGHLIGHTS Pro~ected annual revenues aze $750,000 per yeaz based on average collechon for past yeazs. For the purposes of the Caprtal Improvement Program (CIP), staff has mcluded only pro~ects which meet the CIP defimhon. Distnbuhon of Lottery Funds $112,577 Payxnent of debt sennce on pazk property approved by City Council for ~,,.,, 2002 only ~,~,,, $304,000 Payment of debt service on Area III property approved by City Council $100,000 Department of Open Space for Mountam Pazk pro~ects $150,000 Tnbutary Greenways The followmg numbers will vary dependmg on the Lottery Revenue amount per yeaz: $ 20,000 Cost Allocahons Remaimng funds Split 50% to Parks and Recreatron and 50% to Open Space "fhe proposed Greenways pro~ects aze idenhfied in the mulh-departmental CIP. Operahng and maintenance requirements for Greenways aze provided likewise by a vanety of agencies (City, State, and pnvate). POLICY ISSUES None FINANCI1~iG Generally, the eshmated revenues for each year aze conservahve figures to make certain that funds azea ava~lable to complete the pro~ects supported by them. ~,°„' ~ AGENDA ITEM # VI-B , PAGE 11 RELATIONSHIP TO OPERATING BUDGET The 1995 .25 cent Pazks and Recreahon Sales Tax Ballot Issue idenrified fundmg for the operahng costs for the ma~onty of the new development pro~ects The operat~ng costs for renovation/refurbishment pro~ects are expected to remam the same but mcrease annually for mflahon. PARKS AND RECREATION ADVISORY BOARD RECOMMENDATION: ~ ~.~ AGENDA ITEM # VI-B , PAGE 12 ATTACHMENT E-2 .... ~.- This Fund Overview Statement is for reference only. It will be forwarded to the Planning Board and City Council with the approved CIP. PERMANENT PARK AND RECREATION FUND 2003-2008 CAPITAL IMPROVEMENTS PROGRAM OVERVIEW The Permanent Pazk and Recreahon Fund consists of 9 mili levy of assessed valuarion of all taxable property m the city, gifts and donahons to the fund, proceeds of the sale of pazk or recreahon property or equipment, and many other appropnahons made by council such as the fee charged at the golf course to support that facihty's renovation or development needs. The fund also mcludes revenues from a portion of a development excise tax assessed on each new residenhal iuut constructed or annexed to the city except for those wuts that aze designated as permanently affordable. The City Charter requires the ". .Fund shall not be used for any purpose other than the acqmsihon of park land or the permanent improvement of park and recrearion facilrties." (Charter Sec 161) Funds aze used for CIP pro~ects and renovahons (operatmg budget) of exishng facilihes for items based on the $50,000 CIP defimhon POLICY ISSUES ,,.,, None ,~ HIGHLIGI3TS The Caprtal Improvement Program (CIP) is st~uchued to addresss the recommendahons of the ~ approved Pazks and Recreahon Master Plan. For the purposes of the Capital Improvement Program(CIP), staffhas mcluded only pro~ects which meet the CIP defimhon Non pro~ect , a~I specific fund accumulahons, where no actual pro~ect is bemg proposed m given yeat (such as ~U~ 1 Art m the Pazk pro~ect) have been removed from the CIP ~r While pro~ects such as Art m the Pazk will be tracked to keep the commrtment to pnor fundmg levels, the use of those funds that are not anhcipated to have a specific pro~ect m a given year h been diverted to other higher pnonty pro~ects where there is an expectahon and focus to implement the pro~ect Tlus change will increase immediate dollazs available for lugh pnonty pro~ects, decrease annual carryover requests and shll mamtam fundmg expectahons for project ~~ , y in general, over a 6 to 10 yeaz penod Dr~ ~ For 2003 and future yeazs, these three funds ( Lottery, Permanent Pazk and Recreataon and the '~~~'I .25 cent Sales Taa~) have been considered ~omtly to provide fundmg levels for CIP and non CIP pro~ects. The followmg are the ma~or CIP pro~ects m the three funds• Footh~lls Commututy Pazk New Recreation Facihhes ImprovemenUDevelopment ,r~ , ~..- the ~~ ~ as ~ s AGENDA IT'EM # VI-B , PAGE 13 Neighborhood/Pocket Pazk Development North Boulder Recreahon Center Flatirons Golf Course Improvement Pazk Site Acqmsihon Pazks Operahon Facility East Boulder Commumty Pazk Development Relocarion of Existmg Facilihes at Valmont City Pazk Ma~or gams have been made m"takmg caze of what we have" and sustamability through ma~or facihty refurbishment and renovahons. Factlihes and Asset Management (FAM) is now fully funded for On-gomg and Ma~or Mauitenance for the ma~onty of the structures/facihties m Parks and Recreahon. Pazk and Recreahon renovahon and refurbishment needs as well as equipment replacement, many of which are m the operatmg budget, aze funded but w~ll still require mulhpie yeazs to complete the backlog FINANCING Generally the estunated revenues for each yeaz aze conservahve figures to make certam that funds are avazlable to complete the pro~ects supported by them. RELATIONSHIP TO OPERATING BUDGET The 1995 Ballot Issue idenhfied fundmg for the operahng costs for the ma~onty of the new development pro~ects. The operatmg costs for renovahon/refurbishment pro~ects aze expected to remam the same but mcrease annually to account for mflahon '"'' PARKS AND RECREATION ADVISORY BOARD RECOMMENDATION: AGENDA ITEM #t VI-B , PAGE 14 ~a... ATTACHMENT E-3 ~... This Fund Overview Statement is for reference only. It will be forwarded to the Planning Board and City Council with the approved CIP. PARKS AND RECREATION 1995 BALLOT ISSUE FUND (.25 CENT SALES TAX FUND) 2003-2008 CAPITAL IMPROVEMENTS PROGRAM OVERVIEW The 1995 Batlot Issue Fund revenues were pledged for ". Payment for the pnncipal, mterest, and premium, is any, on . bonds, and then for development, operation, and mamtenance of the land and improvements purchased or constructed wrth the proceeds of the bonds, renovahon and refurbishment or replacement of four pools; renovahon and replacement of recreahon facihhes, playgrounds, mountazn pazk trails, civic pazk complex; improvements to recreahon centers and development of new recreation pro~ects to be determmed m the future through the Master Plamm~g Process by the City Council, mamtenance of the commuruty pazk m north Boulder, development of a mountam parks environmental educahon program, and for the renovahon of city-owned }ustoncal and cultural facihhes, with the remamder bemg dedicated for parks and recreahon purposes " (Ba11ot language) ~ The followmg is a smmnary of pro~ect and Operarion and Mamtenance fundmg (m 1995 dollars) that was idenhfied m the ballot issue backup mformahon , Bonded ProLcts Pocket Parks Acquisrtion up to 10 acres Neighborhood Pazk Acq. up to 16 acres Large City Pazk Acq. w/master site planmng and some infrastructure development Mountam Pazks Acquisrtion Renovation and Refurbishment of Exishne Facilihes Recreahon Facihhes Mountam Parks (Traals) Crvic Pazk Complex Urban Pazks (Imgahon Systems) Pool Improvements (capital) ~ ~ $4,900,000 $4,500,000 $18,000,000 $2,000,000 $178,000/yr $168,000/yr $75,000/yr $130,000/yr $277,000/yr AGENDA ITEM # VI-B, PAGE # 15 Development of Facilrties and Programs Commumty Park m North Boulder (O and M) $210,000/yr Dev of New Neigh Pazk Sites (capital) $20Q000/yr (O and M) $64,000/yr Dev ofNew Pocket Pazk Sites (capital) $120,000/yr (O and M) $40,000lyr Dev of Exishng Neigh Park Srtes (capital) $20Q000/yr (O and M) $67,000/yr Improvements to Recreahon Centers (capital) $150,000/yr Mountam Pazks Environmental Educahon $130,000/yr New Recreahon Facihties (capital) $20Q000/yr Histoncal and Cultural Factlihes $50,000/yr POLICY ISSUES None HIGHI.IGHTS ~ Por the purposes of the Caprtal Improvement Program (CIP), staff has mcluded only those pro~ects that meet the CIP defimhon. Specific pro~ects have been idenhfied for the 151 yeaz of the CIP, but have been left m more general "pro~ect categones" (such as the Neighborhood/Pocket .~»~.. Pazk Development, Recreahon Center Improvements, and New Recreat~on Facilrties pro~ects) for the outlymg yeazs, where specific pro~ects aze wudenhfied at tlus rime For 2003 and future yeazs, the three funds, (Lottery, Permanent Park and Recreahon and the 25 cent Sales Ta~c) have been considered~omtly to provide fundmg levels for CIP and non CIP pro~ects The followmg aze the ma~or CIP pro~ects m the three funds• Footlulls Commumty Pazk New Recreahon Facihhes ImprovemenU Development Neighborhood/Pocket Pazk Development North Boulder Recreat~on Center Flahrons Golf Course Improvement Pazk Site Acqmsihon Parks Operahon Facihty East Boulder Commumty Pazk Development Relocarion of Exisring Facihries at Valmont City Pazk Ma~or gazns have been made m"takuig caze of what we have" and sustamability through ma~or facihty refurbishment and renovahons. Facihties and Asset Management (FAM) is now fully funded for Ongoing and Ma~or Maintenance for the ma~onty of the structures/facilihes m Pazks and Recrearion. Pazk and Recreahon renovation and refurbishment needs, as well as equipment replacement, many of which aze m the operahng budget, aze hkewise more completely funded ~ but will still require mulhple yeazs to complete backlog. AGENDA ITEM # VI-B, PAGE # 16 , + . FINANCING a°"', ~ The revenues from the .25 cent Sales Taac are eshmated based on BudgeUFmance Depaztment sales tax pro~echons RELATIONSHIP TO OPERATING BUDGET The Ballot Issue idenhfied fundmg for the operatmg costs for the ma~onty of the new pazk development pro~ects. The operahng costs for renovahon/refurbishment pro~ects aze expected to remam the same but mcrease annually for mflahonary mcreases. PARKS AND RECREATION ADVISORY BOARD RECOMMENDATION: ~ ~.. ~ ,..,. AGENDA ITEM # VI-B, PAGE # 17