Agenda - 02-12-2004-1 - Laserfiche WebLink

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z Once the Board has discussed and is comfortable with these guidelines, the document would be brought back for action. The Board discussed the proposed policy and guidelines on February 3rd, and asked that staff revise the policy and highlight the following areas far further discussion: Setting aside''/Z of the fund for a Soccer Park of 6 fields or more Whether or not to allow private agencies to apply for matching grants, or to provide for a matching grant program at all Clarify whether fields previously-designed (approved as part of a park master plan) are eligible for funding from the Superfund Based on this feedback, staff has consulted with the Chair on proposed revisions to the policy and incorporated them into the attached revised draft. FINANCIAL IMPACT: This policy and guidelines would govern the types of expenditures made from the Soccer Superfund, at the Board's discretion. There is no provision that requires funds to be appropriated, as such decisions would be up to the legislative decision- making of the Board. The Soccer Superfund had $500,000 appropriated in FY 2002-30. According to the 2002 Bond and Alternative Financing Timetable, $600,000 was to be appropriated in the current FY 2003-04 fiscal year, with a like amount in FY 2004-05. The proposed FY 2005-06 allotment is $300,000. RECOMMENDATION(S): The Manager recommends that the Board complete its discussions on the draft document, focusing on the points listed above as identified on Febnaary 3`d and providing feedback and input to staff as desired. The final document would be brought back as a consent item at a subsequent meeting.