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FINANCIAL IMPACT: Funding exists within the 2001 County Parks and Open Space Bond for <br />Southern Community Park and Bolin Creek Greenway, Phase III. A total of $925,000 remains <br />from the $1.0 million in greenway funds ($75,000 was provided, at Town request in 2005, to <br />help pay for the greenway feasibility study and master plan). However, it should be noted that <br />some of the $3.0 million designated for Southern Park in the 1997 and 2001 County bonds has <br />been expended. $105,000 from the 1997 County Parks bond was requested and expended for <br />the Scroggs community soccer field in 1999, and other funds were subsequently requested and <br />provided for the Southern Park master plan and construction documents since that time. <br />To date, a total of $438,000 has been provided to the Town from the 1997 and 2001 County <br />bonds for Southern Park, leaving a balance of $2,562,000. With the reallocation of the existing <br />$925,000 from Bolin Creek Greenway, the balance available would become $3,487,000. <br />RECOMMENDATION(S): The Manager recommends that the Board appropriate the <br />remaining $925,000 to Southern Park, as requested by the Town, with the understanding that <br />these additional County funds will be used to ensure construction of the three soccer fields <br />proposed in the master plan for the park. <br />