Agenda - 11-11-2002-3b - Laserfiche WebLink

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3 Planning and Funding School Capital Projects" as a model tp prescribe how and when funding would be provided. Thetlra%also proposes changes to the degree of Gpunty involvement and participation in the different components of project approval. All proposed changes to the Town proposal are shown in held in the attached draft (Atachment 4). Fallowing consideration of the Conceptual Plan by the BoaN cf Commissioners, and the resolution of the process, the Town plans [c develop a Spacial Use Permit application far the pads. This process is anticipated fc take approximately one year tp complete, and will include atltlitional public wmment (as well as Iwo opportunities for the County to provide commenp, resulOng in eventual approval by [he Town Ccuncil. Following the Special Use Permit, construction plans for the park would be prepared and, after County and Town approval of [he project budget and provision of tuntls, park construction would begin. FINANCIAL IMPACT: The provisional cest estimate for the park, as calculated in the Conceptual Plan, la $3.75 million. Revisions based on changes made by the Town Council have not been incorporatetl'mto this estimate. A total of $2,]95,000 would be available from the combinatlon of 199] and 2001 County bond tuntls for tMS project. To date, $205,000 from the 199] bond amount has already been appropriated ($105,000 towaNS the mnetmction of the soccer field et edloininq Scroggs Elementary, and $101;000 for the concept plan and associated costs). There are np Town funds identflled for this project. The $2 million in 2001 bond funds are scheduled in [he Bond and Alternative Financing schedule that the BpaN approved in Oc[pber. The planned issues provide for two equal $1.0 million inslellmenYS for Sputhem Park, In FV 2004-05 and 2005-Og. This schedule is consistent with the requested timing from the Town, submitted in the spring of 2002. The Town has not yet addressed funding the $1 million in additional tuntls itlenti%etl in the Conceptual Plan estimated budget. Mere re%ned ws[ estimates will be developed as the park constmction drawings are prepared. AB such, plans for phasing of the park construction may be necessary. As noted above, %nancisl issues in the Town's July 24" proposed Sputhem Park process have been addressed in the draft sta%response as i[ regaNS an inter-local agreement and the timing of bond funds. REGOMMENOATION(S): The Manager recommends that the Board address the items related to Southern Park as follows: 1) Discuss rile Town's response [o issues raised ragaNing the Conceptual Plan (Attachments 1 and 2J, and determine whether any atltlitional questions or requests for additional infcrmatlon exisS 2) Schedule the Conceptual Plan as a decision Hem far approval on November 19" or Depambar 2^^: 3) Discuss staffs draft response on the Southern PaB Process (Attachment 4), and provide feedback tp Commissioners Jawbs and Brown regaNing the official response to the Town representatives.