Agenda - 02-10-2009 - 1 - Laserfiche WebLink

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the former Soccer Superfund portion of Twin Creeks project budget total approximately $625,000. The total remaining funds in the Twin Creeks project budget stand at approximately $1.48 million. Recreation Partners has provided preliminary economic impact and development costs for the proposed Twin Creeks Family Recreation Center. The County would be asked to subsidize year one start-up costs in the amount of $175,000, which could be foregone in the event of outdoor programming. The County would also contribute the land at Twin Creeks for the center. The impact of pursuing this partnership on funding the other Twin Creeks activities outlined herein (trail, synthetic turf field) will require additional research and assessment by staff. There are also costs associated with the topics listed in the Emerging Issues section. Moving park projects up in the CIP will require exchanges to be made with other planned capital investments. Additional- discussion will be needed on the potential for additional flexibility in the use of Lands Legacy funds from the 2001 bond (if issued as alternative. financing). RECOMMENDATION(S): The Manager recommends that the Board discuss each of the three topical areas in this report, and provide direction to the Manager and staff on the desired next steps. The Manager further recommends that the Board consider and discuss the public-private partnership proposal from Recreation Partners, and direct staff on whether to continue additional dialogue and conversation about this possible project.