HomeMy WebLinkAboutPresentation_Park Bond Presentation Follow UpPark Bond
Discussion
KARI ROLLER, FINANCE ADMINISTRATOR
MARYJANE VAN CLEAVE, PARKS AND RECREATION ADMINISTRATOR
JOHN RUPP, P.E., PARKS AND TRAILS DIRECTOR
Committee of the Whole
April 13, 2026
Review
Summary of COW Presentation on 03/23
•Presented 6 Options Covering a Spectrum of Groupings
•Complete
•Hybrid
•Modernize
•Core
•Enhancement
•No Bond
•Direction From Council
•Modernize, Partial Tri-Park Design, Enhancements
Project Value Indicators:
★ Community Impact / Visibility
$ Revenue-Eligible
Asset Protection
Accessibility (ADA)
Safety / CPTED
Modernize, Partial Tri-Park, Enhance
Details
•Costs
•2025 $ Presented = $66M + $4M + $6M = $76M
•Escalated Cost (w/ 2 - LTE Positions) =$90M
•Scope Included:
•Modernize Sport Fields
•System-Wide Courts, Fields, Trails Improvements
•Restrooms
•Partial Tri-Park Design
•Landscaping, ADA, Wayfinding
Modernize, Partial Tri-Park, Enhance
Details Continued
•Schedule/Timeline
Strategic Shift – 2 Bond Approach
Staff Recommended Alternative Funding Strategy
•Similar End Result
•Fund Initial Smaller Bond for Design
•Creates Shovel Ready Projects
•Higher Degree of Cost Certainty
•Reduced Risk
•Construction Bond – Presented to Council in 2028
•Fund Projects to Completion
General Governmental
Bonds Outstanding (in millions)
Revised Program
Projects
•Staff Recommendations
•Design all projects in list (at right)
•Funded by Councilmanic Bond or General Fund - $15M
•Takes projects through complete design, ready for bidding
and construction
•Staff Support
•2 LTE Starting December 2026
Q & A