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Draft <br /> 3 / 24/ 99 <br /> v1 . . . R IF . : : > I DA►T � J :14 , <br /> . <br /> One of the important results of this report will be the laying of <br /> groundwork for future matching funds and grant programs - <br /> many of which require a set of goals, objectives and criteria . <br /> a . Inter] urisdictionaI 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 <br /> IN <br /> current or future demand . Based on the projected future need <br /> for XX acres of recreation land , the committee has determined <br /> that the current critical need is to begin landbanking . This <br /> concept is similar to any kind of bank sees <br /> essentially <br /> establishes a " savings account " of land . Once the savings <br /> account has been fully funded , land can be withdrawn and <br /> developed for specific parks and recreation needs . <br /> Simultaneous with the population increase, land in Orange <br /> County is rapidly increasing in value . Large tracts are being <br /> subdivided , and options for geographic locations of parkland in <br /> every township are diminishing . Funds should therefore be <br /> devoted to landbanking rather than to developing recreational <br /> facilities . <br /> 29 <br />