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7.a) Financing Park Capital Improvement ProgramsFinancing Park Capital Improvements For City of Scandia Annual Park Dedication Fees – 2005 to 2014 2014: $3,000 2013: 0 2012:0 2011: $3,000 2010: 0 2009: 0 2008: $4,500 2007: $42,000 2006: 14,629 2005: $60,400 Total Park Dedication Fees Received $127,529 Documented Park Capital Expenditures - 2008 – 2014 *Data from 2005 to 2008 is unknown at this time. The Books and Records Prior to City Incorporation have not been reviewed in detail at this time. Lilleskogen Design and Plan, Tree Removal, Water Control, Parking Lot Curb - $58,243.68 Wind In The Pines - $6940.46 Total Documented Park Capital Improvements = $65,184.14 Remaining Park Capital Improvement Funds Not Currently Accounted For = $62,344.86 - My recommendation to PRC is that City Staff do a review of Township Records and provide PRC with details on Park Capital Improvement Projects and documentation regarding cost of each project. There may be capital improvement funds still available for parks that City Council is currently unaware of. It is possible that Park Dedication Fees were inadvertently moved to another account during the transition from Township to City. - In addition, we should make a request the City Council for an advance on Future Park Dedication Fees. Based on past history, it would be reasonable to request up to $30,000 be advanced to Park Capital Improvement Fund from General Capital Improvement Fund. PRC would have specific projects and budgets prior to receiving these advanced funds. The $30,000 number would be the cap on advances. This approach would give the City the funds needed to complete much of the remaining work at Lilleskogen.