Item C: PROS Project and Priority Plan

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D. Costs Capital Costs Tables 3 and 4 provide cost estimates for the PROS facility improvements identified in Table 1. These include: capital costs for all projects, maintenance and operations costs for priority 1 projects, and growth allocation percentages for the purpose of calculating system development charges (sdc?s) for priority 1 through 4 projects. Growth allocation percentages allow the City to determine how much of the individual project costs can be attributed to population growth. These figures are used to calculate system development charges. Table 3 is organized by improvement type and Table 4 is organized by geographic planning area. All costs are in 2004 dollars. Based on an assumption of a $20 million bond measure passing in 2006, and estimates of the amount of revenue available through parks sdc?s, grants and donations, the funding estimated to be available for the first five years covered by the plan is $31.7 million or approximately $6.3 million per year. For purposes of projecting project timelines for the remaining 15 years covered by the plan, $8 million per year is being assumed to be available for projects. This totals approximately $152 million being available within the 20 year planning window for the plan. This funding analysis revealed that there are many more projects identified than can be implemented within the 20-year planning window. These projects are identified as Priority 5 projects. Cost estimates are not provided for Priority 5 projects. Developing new capital projects will have a significant impact on the City?s parks and open space maintenance budget and will also require budgeting for capital preservation and replacement costs in the longer term. It is important that the City allocate sufficient maintenance funding to protect, maintain and eventually replace new capital investments. In addition to the maintenance costs of new projects, this plan recommends that a minimum per unit maintenance budget be developed based on a detailed maintenance management plan for each park type. This analysis will likely show a need for additional maintenance funding for existing parks.