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HomeMy WebLinkAboutResolution No. 021-22 - Resolution - Accelerated Investment Park Levy RESOLUTION Advancing the Accelerated Investment Model for Park Levy Investment. WHEREAS, the Park Master Plan creates a long term vision for the park system with an estimated implementation cost of $100,000,000; and WHEREAS, many funding strategies and collaborations will be needed to realize the vision of the Park Master Plan; and WHEREAS, the community voted in 2020 to approve $2,000,000 in annual funding to support the needs of the park system; and WHEREAS, the Park Board provided a recommendation outlining specific projects reflecting substantial community engagement. NOW, THEREFORE, BE IT RESOLVED, that the Common Council of the City of Rochester approves moving forward with the accelerated investment model for park levy featuring the projects attached in Exhibit A; and BE IT FURTHER RESOLVED, that advancing the accelerated investment model is conditioned on finalizing of abatement bonds to support the project; and BE IT FURTHER RESOLVED, that City staff will bring back a Capital Improvement Project amendment reflecting the proposed approach to Park Levy investment; and BE IT RESOLVED by the Common Council of the City of Rochester that specific project approval is required by the City Council for the following projects after further community engagement, design, and projection of operational expenses: 1. Soldier’s Field 2. Silver Lake 3. Silver Lake Station or 125 Live build-out PASSED AND ADOPTED BY THE COMMON COUNCIL OF THE CITY OF ROCHESTER, MINNESOTA, THIS __________ DAY OF _______________, 2022. ___________________________________ PRESIDENT OF SAID COMMON COUNCIL ATTEST: __________________________ CITY CLERK APPROVED THIS _____ DAY OF ______________________, 2022. ___________________________________ MAYOR OF SAID CITY (Seal of the City of Rochester, Minnesota) EXHIBIT A: Revised Project Listing Project Title Estimated Cost Aquatics (Pool +), Tennis, Trail, Lighting, Soldiers Field Playground, Shelter $7,000,000 Aquatics (Splash), Trail, Skate Park, Silver Lake Playground, Shelter $4,000,000 Shelter, Restroom, MLK Lighting, $500,000 Recreation Center Locker Rooms $750,000 Court Renovation Court locations (tennis, Improvements basketball, Pickleball) $750,000 Tennis Club House Kutzky Reno $100,000 Silver Lake Station Improvements and/or 125 and/or room build- Live out $700,000 McQuillan Soccer $300,000 Replace & enhance playground Playground equipment around Replacement the community. $900,000 Subtotal $15,000,000