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Draft <br /> 3/24/99 <br /> One of the important results of this report will be the laying of groundwork <br /> for future matching funds and grant programs on many of which require a <br /> set of goals , objectives and criteria . <br /> a . Interjurisdictional efforts at standardizing parks and <br /> recreation requirements <br /> b . Joint siting , design , and management of school and <br /> park sites across jurisdictions <br /> c . Public/private partnerships across jurisdictions <br /> d . Joint Capital Facilities Plan for Parks and Recreation <br /> e . Long -term Recreation and Parks Council <br /> (future followup , maintain database , public relations , <br /> develop future bond proposals ) <br /> f. Open Facilities Policy <br /> 1 . County , towns and OWASA <br /> 2 . UNC and schools <br /> 3 . Duke <br /> g . Using CIP to recommend acquisition <br /> h . Payment- in - lieu changes <br /> (from subcommittee ) <br /> Future demand <br /> The payment in lieu system is not adequately serving current or <br /> future demand . Based on the projected future need for XX acres of <br /> recreation land , the committee has determined that the current critical <br /> need is to begin landbanking . This concept is similar to any kind of bank , <br /> it essentially establishes a %osavings accountA of land . Once the savings <br /> account has been fully funded , land can be withdrawn and developed for <br /> specific parks and recreation needs . <br /> Simultaneous with the population increase , land in Orange County is <br /> rapidly increasing in value . Large tracts are being subdivided , and options <br /> for geographic locations of parkland in every township are diminishing . <br /> Funds should therefore be devoted to landbanking rather than to <br /> developing recreational facilities . <br /> Landbanking should be done based on projected size and location of <br /> parkland throughout the county . The county needs . <br /> 1 ) One countywide community park (XX 600 ? acres ) <br /> 33 <br />