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FINANCIAL IMPACT: Funds for construction of Northern Park were included in the vater- <br />approved 2001 Parks and Qpen Space Bond in the amount of $1.2 million and these funds <br />have been appropriated. Approximately $33,000 has been expended to date for surveys and <br />estimates. <br />Staff has estimated annual operating costs for the park to be approximately $196,000, with <br />start-up capital equipment costs of approximately $55,000 - $65,000. Costs would be <br />incurred beginning in the fall of 2006 with the full ongoing operating budget needed in fiscal <br />year 2007-2008. <br />RECOMMENDATION(S): The Manager recommends that the Board review and discuss the <br />Northern Park cost estimates and timetable and provide direction to staff as needed. <br />