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2. 2008 Park & Trail Acquisition & Development CIP CITY OF CBANHASSEN 7700 Market Bou levard PO Box 147 Chanhassen, MN 55317 Administration Phone: 952.227.1100 Fax: 952.227.1110 Building Inspections Phone: 952.227.1180 Fax: 952.227.1190 Engineering Phone: 952.227.1160 Fax: 952.227.1170 Finance Phone: 952.227.1140 Fax: 952.227.1110 Park & Recreation Phone: 952.227.1120 Fax: 952.227.1110 Recreation Center 2310 Coulter Boulevard Phone: 952.227.1400 Fax: 952.227.1404 Planning & Natural Resources Phone: 952.227.1130 Fax: 952.227.1110 Public Works 1591 Park Road Phone: 952.227.1300 Fax: 952.227.1310 Senior Center Phone: 952.227.1125 Fax: 952.227.1110 Web Site www.ci.chanhassen.mn.us J MEMORANDUM TO: Park & Recreation Commission FROM: Todd Hoffman, Park and Recreation Director DA TE: July' 16, 2007 SUBJ: 2008 Park and Trail Acquisition and Development Capital Improvement Program (CIP) Attached please find a working draft of the department's 5-year capital improvement program (CIP). Notable additions or amendments include the Arboretum Business Park Lot 12 trail, Lyman Boulevard trail improvements, the Pioneer Trail gap project and initial development of the South Park Preserve. The Commission has a month or two to work on this draft document prior to making a recommendation to the City Council. Staff will review each of the listed projects in detail at the July 24th meeting. Also attached is an updated park dedication fund history. Revenueestimates have been reduced significantly with the softening of the development market. However, yearend balance forecasts remain strong due to an. existing. cash balance exceeding $3 millionandproposede1.penditures closely aligning with our Income. The park and trail acquisition and development capital improvement program is the "master plan" behind the futureofouf park. and tfail system. I look forward to working withthecommissiofron the further development of this important document. cc: Todd Gerhardt,. City. Manager Kate Aanenson,Community. :f,Jevelopment..Director Greg Sticha, Finance Directolt Paul Oehme, PublicWqrks Director/CityEngineer Laurie Hokkanen, Assistant qity.Manager The City of Chanhassen . A growing community with clean lakes, quality schools, a charming downtown, thriving businesses, winding trails, and beautiful parks. A great place to live, work, and play. City of Chanhassen Park Dedication Fund History Increase (Decrease) Year End Year Revenues Expenses In Fund Balance Fund Balance 2001 $435, 167 $503,661 ($68,494) $1,735,991 2002 477,237 1,543,166 (1,065,929) 670,062 2003 1,165,011 1,269,639 (104,628) 565,434 2004 616,334 264,194 352,140 917,574 2005 930,450 79,854 850,596 1 ,768, 170 2006 2,166,057 504,430 1,661,627 3,429,797 2007 500,000 800,000 (300,000) 3,129,797 2008 500,000 1,232,000 (732,000) 2,397,797 2009 500,000 286,000 214,000 2,611,797 2010 750,000 486,000 264,000 2,875,797 2011 750,000 651,000 99,000 2,974,797 2012 750,000 761,000 (11,000) 2,963,797 Park Dedication Fund History $4,000,000 $500,000 $3,500,000 $3,000,000 $2,500,000 $2,000,000 $1,500,000 $1,000,000 $0 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 ~Revenues ~ Expenses ~Year End Fund Balance Hwy 101 North Trail Connection PK& T -029 114,000 114,000 Phase II Playground:Roundhouse Park PK& T -037 30,000 30,000 Phase II Playground:Sugarbush Park PK& T -038 30,000 30,000 Phase II Playground: Power Hill Park PK&T-041 30,000 30,000 Picnic Tables/Park Benches PK& T -042 6,000 6,000 6,000 6,000 6,000 30,000 Trees PK& T -043 5,000 5,000 5,000 5,000 5,000 25,000 Arboretum business Park Lot 12 Trail PK&T-047 317,000 317,000 Pioneer Trail Gap 300,000 300,000 Park Entry Signs 100,000 100,000 South Park Preserve Development 500,000 500,000 Hwy 41 Pedestrian UnderpassfTrail Grant Match PK& T -069 125,000 125,000 Pinehurst Park Development 150,000 150,000 Mtka Middle School West Tennis Court Project PK& T -073 30,000 30,000 Rice Marsh Lake Trail PK&T-074 350,000 350,000 Liberty at Creekside Trail PK&T-075 275,000 275,000 The Preserve Trail and Bridge PK& T -076 200,000 200,000 Lakeside Trail (Lyman Boulevard) PK& T -077 60,000 60,000 Pioneer Pass Park ACQuisitionDevelopment PK& T -078 250,000 250,000 Lyman Boulevard Trail Improvements 500,000 500,000 Grand Total 1 ,232,000 286,000 486,000 651,000 761,000 3,416,000 City of Chanhassen, MN Capital Improvement Program 2008 thru 2012 PROJECTS BY DEPARTMENT Park & Trail Improvements 2008 2009 2010 2011 2012 TOTAL