Title
Park Funding Options Discussion
Body
RECOMMENDED ACTION (Motion):
Staff recommend that City Commission discuss funding options for long-term maintenance of City Parks and Recreation facilities.
BACKGROUND:
City Commission’s adopted goals for the 2017-19 biennium include Goal 2 of addressing critical facility needs. Parks and Recreation deferred maintenance needs are identified as follows:
1. Develop future revenue options for long-term maintenance of City Parks and Recreation Facilities; and
2. Continue to increase funding to address deferred maintenance for the City Parks and Recreation Facilities.
The presentation will focus on general funding options that parks and recreation agencies use to fund parks and recreation services. The information presented will serve to give Commission opportunity to identify options for further study and exploration. Identified funding options will include:
• General Fund Support
• General Obligation (G.O.) Bonds
• Local Option Levy
• Park District
• Park Utility Fees
• Food & Drink Tax
• Dedicated Transient Tax
The presentation will also highlight current deferred maintenance needs, conditional assessment report timing and next steps.