97-028
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CITY OF SHOREWOOD
RESOLUTION NO. 97- 28
A RESOLUTION APPROVING A
PARK CAPITAL IMPROVEMENT
BUDGET FOR THE YEAR 1997
WHEREAS, the Shorewood Park Commission has reviewed and approved the attached
five year Park Project and Park Funding Source Summary; and
WHEREAS, the City Council is still in the process of reviewing in detail the five year
Capital Improvement Program; and
WHEREAS, this revised park project schedule includes projects that had been scheduled
in previous years with funds set aside.
NOW, THEREFORE BE IT RESOLVED by the Shorewood City Council that the
Park Project Schedule listed for 1997 is hereby adopted as the 1997 Park Capital Budget.
ADOPTED BY THE CITY COUNCIL OF THE CITY OF SHOREWOOD
this 14th day of April, 1997.
ATIEST:
I\A' "c./VlA/\
J : f S C. Hurm, City Administrator/Clerk
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PARKS
Park Project Schedule:
The Park Capital Improvement Plan (PCIP) for 1997-2001 is shown on the following page. The PCIP
lists projects planned for each year. Budget numbers are adjusted with an inflation factor and should be
considered the budget for the entire project including "soft costs" such as planning, engineering, project
management, etc.
I.il......< ?'~' .Ii< ..' . PARKRROJECT.SCHEDULE .. ......... i7; . ......><
1997 1998 1999 2000 2001
BADGER:
Horseshoe Pit, Shuffleboard 10,00e
Well Building Picnic Shelter 10,00e
Sod/Seed Football Field * _. 7,00e
Overlay Tennis Court 9,500
CATHCART:
Warming House, Picnic Shelter 28,000
Overlay Tennis Court 9,00e
MANOR:
Overlay Tennis Courts 8,500
West Rink Light 8,50C
SIL VERWOOD:
Warming House, Picnic Shelter 30,00C
FREEMAN:
Building North - Loan 50,000
Picnic Shelter & Picnic Area* - 25,00e
(Project # 96-C)
Install Drinking Fountains* - 10,00e
(Prolect # 96-G)
Tennis courts(2) 50,00e
Extend Lot So. Toward TH7 5,000
OTHER:
Park Grills, Pads & Permanent Trash Cans 6,00C
at Cathcart. Manor & Silverwood
Landscaping: Freeman - Reseed east side 10,00e
of south playstructure and north end of -
volleyball; Reseed around fields #1,2 & 3;
Replace Arbor Day tree (North). Manor-
Topsoil and seed west side of tennis court
and west side of warming house.
Silverwood - Repair turf by parking
10t/walkwav area. * (Proiect # 96-E)
TOT AL EXPENSES $ 150,000 S 59,00e $9,50C $ 28,000 $ 30,00C
* 1996 Projects rebudgeted for 1997
Updated 4/3/97
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The Funding Source Summary - Park Capital Fund illustrates where funds will come from
to pay for the improvements scheduled on the peIP. Note that the "projects/expenditure"
line corresponds with the "total expenses" line on the PCIP.
-~ P:A:RK FUNDING. SOUR€E SUMMARY ',;i\ .;(i,
1997 1998 1999 2000 2001
Fund Balance, lan 1 139,461 66,934 40,281 58,795 61,735
Park Dedication Fees 45,000 15,000 10,000 10,000 10,000
General Fund Contribution 20,000 10,000 -- -- ---
Donations 3,500 --- - --- ---
General Fund Balance
Sports Organizations - park 10,000 11,900 13 ,600 15,300 17,500
Maint.
Parks Foundation - Park 2,000 4,000 6,000 8,000 10,000
Imp.
Parks Foundation - Bldg - -- 10,000 10,000 10,000
Projects/Exoendimres ( 150,000) (59,000) (9,500) (28,000) (30,000)
Tfr to General Fund - ( 10,000) (11,900) (13,600) (15,300) (17,500)
Maint:
Interest Income 6,973 3,347 2,014 2,940 3,087
Fund Balance Dee 31 66,934 40,281 58,795 61,735 64,822
Desismated for Freeman (2,000) (6,000) (12,000) (20,000) (30,000)
Park (Cumulative)
Undesign. Fund Balance, 64,934 34,281 46,795 41,735 34,822
Dec 31
The Park Capital Improvement Fund is established to finance improvement in the city's
park system. Revenues are derived from park dedication fees from land subdivisions
within the City, budgeted transfers from the General Fund, donations and the Shorewood
Parks Foundation. Expenditures shown are for improvements funded from these sources.
Fund balances will be allocated to future park improvements.
Updated 4/3/97
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