Planning Commission Regular Meeting/Work Session

Mr. Naptestaffproject as it has been going on for several years the Van Dyke Park master plan city city already put forth the effort of developing master plan for this park which included a lot of community engagement and the Planning has made previous recommendations of support and continue to support that going forward. This also includes a lot of transportation projects which as you know have a longer process in terms of developing designs and concepts and securing funding to make sure that we continue to move forward with those. Next recommendation was to continue to seek opportunities to utilize external funding sources including grants, partnerships, and foundations. And so a lot of the funding sources outside of the general fund in the capital improvement

program come through other efforts, particularly a lot of transportation projects receive outside funding through state grants and those types of things. The SPOT program is an example of an effort that the city applied for funds from outside sources and received them. The Tice Park improvement was funded through ARPA funds. This is not a permanent resource for us, but this is an example of the types of things we can use. But more specifically, the Planning Commission also recommended that we consider options for things like public-private partnerships, try to seek additional grants, and look at things such as the Parks Foundation, the newly formed Parks Foundation, as ways to secure funds outside of the general fund.

Next item was to identify funding timelines that coincide with project schedules. This was looking at balancing the overall CIP requests or impacts on the general fund the five-year period of the CIP and distributing those funds so that they make sense with when products can actually be completed and then looking at Van Dyke Park again the Planning Commission said that while the Planning Commission continues to fully support implementation of the Van Dyke Park master plan as we discussed on the previous slide redistribution of funds to a more manageable project schedule would be supported this is going back to funds over the course of the five-year period and a recommendation from the chief financial officer as he presented this to you when you last met about