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3. Recommendation Concerning Five-Year Park & Trail Acquisition & Development CIP CITY OF CHANHASSEN 7700 Market Boulevard PO Box 147 Chanhassen, MN 55317 Administration Phone 952.2271100 Fax 952.2271110 Building Inspections Phone 952.2271180 Fax 952.227 1190 Engineering Phone 952.227 1160 Fax 9522271170 Finance Phone 952.2271140 Fax 952.227 1110 Park & Recreation Phone 952.227 1120 Fax 952.2271110 Recreation Center 2310 Coulter Boulevard Phone 952.2271400 Fax 952.2271404 Planning & Natural Resources Phone 952.227 1130 Fax 952.2271110 Public Works 1591 Park Road Phone 952.2271300 Fax 952.2271310 Senior Center Phone 952.2271125 Fax 952.2271110 Web Site www.ci.chanhassen.mn.us :3 MEMORANDUM TO: Park and Recreation Commission Todd Hoffman, Park & Recreation Director II! September 19, 2006 FROM: DA TE: SUBJ: Recommendation Concerning 5- Year Park and Trail Acquisition and Development Capital Improvement Program (CIP) The CommissIOn initiated a conversation concernmg the 2007-2011 Park and Trail Acquisition and Development CIP in August. At the conclusion of that conversation, the Commission asked that staff continue to work on the proposed CIP in order to formulate a final recommendation for the September meeting. Park and Trail Acquisition and Development Revenues Revenue to finance park and trail improvements are primarily obtained through the application of park and trail dedication fees on new developments. These fees are based upon the fact that new developments and the residents, employees and visitors resulting from the new growth, bring with them the need for parks, open space and trails. The City applies two standards relating to parks in order to ensure that all people/areas are adequately served with parks and open spaces. . One acre of parkland shall be provided for every 75 people. . A neighborhood park shall be located within one half mile of every residence in the City. In addition to acquiring and building parks, dedication fees are used to assist in financing the construction of the city's Comprehensive Trail Plan. The cash balance in the Park and Trail Dedication fund fluctuates up and down as development occurs and projects are completed. As a result of the opening the 2005 MUSA area, the fund has performed very well over the past 18 months. ThIS cash "in the bank" will be accessed over the next five years to finance or assist in the financing of a number of trail and park projects in the 2005 MUSA area. In addItion to financing ongoing projects, it is my recommendation that a mimmum $1,000,000 unencumbered balance is maintained m the fund to allow the City to capitalize on opportunities that arise in our future. When a once in a The City of Chanhassen . A growing community with clean lakes, quality schools, a chamning downtown, thriving businesses, winding trails, and beautiful parks. A great place to live, work, and play. Park & Recreation Commission September 19,2006 Page 2 lifetime opportunity to improve our park and trail system comes along, we want to be sure that we are in a position to act. Proposed 5- Year Park and Trail Acquisition and Development CIP The next five years of park and trail construction activity will be heavily influenced by commitments we have already made to complete specific Improvements. As a part of the development process, the city enters into development contracts with the various entities completing new developments. Many of these contracts include a requirement that the developer plan and install segments of our comprehensive trail plan concurrent with their development. At the conclusion and acceptance of the trail work, the city reimburses the developer for the costs associated with constructing these trails. We are also planning for the future development of a four-acre neighborhood park in the Pioneer Pass neighborhood, another 2005 MUSA project. With a total 5- Y ear CIP recommendation of $2,305,000, the average investment per year is $461,000. ~ ..... = ~ s ~ ~ c . c.. S ~ - ~ ..... .... c..~ ~~ u= _N .... I ~t-- .= ~= N "0 = ~ ~ . ~ ~ "0 ~ ~ C c.. C . ~ 0 0 0 0 0 0 0 0 8 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 g q 0 q q o. 0 0 0 0 0 o. 0 q 0 0 0 0 0 q rn 0 0 0 .<<f 0 0 0 0 0 0 0 0 iii' - ..... V) V) If') V) If') V) S V) V) 0- t- ~ ~ V) ..... \0 V) t- V) N 0- ('f') ('f') ('f') ~ N 0 ..... ..... ..... ..... ~ ..... ~ ..... ..... ~ Q N Eo-; 8 0 0 0 0 0 0 0 0 0 8 0 0 ..... 0 0 0 0 q 0 ...-4 0 0 0 0 v5 V) ....; 0 0- ~ ('f') ('f') 0'1 N ..... 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