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MEMORANDUM
TO: PARKS ADVISORY COMMITTEE
FROM: PAUL HOKENESS
DATE: 10/6/95
SUBJECT: BOND REFERENDUM ITEMS
PLEASE REVIEW THE LIST OF ITEMS WHICH COULD
ULTIMATELY BE INCLUDED IN A PARKS BOND REFERENDUM.
THESE ARE ITEMS WHICH WERE DISCUSSED BRIEFLY BY
THE COMMITTEE AND ARE TOTALLY OPEN FOR
COMMENTS/CHANGES/MODIFICA TIONS.
I TOOK MY BEST SHOT AT THE DOLLAR AMOUNTS BASED
UPON OTHER PROJECTS WHICH I HAVE PREVIOUSLY BEEN
INVOLVED IN.
IF YOU HA VE ANY OTHER SUGGESTIONS FOR REFERENDUM
ITEMS PLEASE BRING THOSE THOUGHTS TO MONDAY'S
MEETING. IF YOU THINK SOME OF THESE ITEMS ARE NOT
APPROPRIATE PLEASE SAY SO. I THINK THAT THIS IS A
GOOD PLANNING TOOL AND OBVIOUSLY WILL NEED A LOT.
OF DISCUSSION. I BELIEVE THAT THIS IS A GOOD PLACE TO
START AND IT GIVES US SOME IDEA OF WHAT THE COSTS
ARE ASSOCIATED WITH OUR DREAMS.
WE WILL DISCUSS EACH OF THESE ITEMS AT MONDAY'S
MEETING.
16200 Eagle Creek Ave. S.L Prior Lake. Minnesota 55372-1714 / Ph. (612) 447-4230 / Fax (612) 447-4245
AN EQUAL OPPORTUNITY EMPLOYER
. ,
FUTURE PARK IMPROVEMENTS AND AMENITIES
(j) CONIMUNITY PARK (80 ACRES-PIKE LAKE) $ 750,000.00
LAND ACQUISITION-50 ACRES AT $15,000 PER ACRE
30 ACRES DEDICATED
~CONIMUNITY PARK DEVELOPlV1ENT $1,750,000.00
PIKE LAKE COMMUNITY PARK/PICNIC ARENTRAILS AND
SOFTBALL! ATHLETIC COMPLEX WITH LIGHTS
(f) KOP FARM ACQUISITION $ 300,000.00
20 ACRES AT $15,000 PER ACRE
(;) LAKEFRONT PARK DEVELOPlV1ENT $ 500,000.00
PER MASTER PLAN
@ THE PONDS IRRlGATION
INCLUDES FOUR NEW SOCCER FIELDS
$ 75,000.00
,.,- .2 4 TOT ALL Y ACCESSIBLE PLA YGROUNDS $ 140,000.00
$35,000.00 EACH
PONDS, MEMORIAL, LAKEFRONT, PIKE LAKE
.3 CONlMUNITY BANDSHELL $ 30,000.00
SITE TO BE DETERMINED
3 DANCE STUDIO $ 500,000.00
BUlL T IN CONJUNCTION WITH FUTURE LIBRARY
EXPANSION AND IMPROVEMENTS
3 TWO DOUBLE TENNIS COURTS $ 90,000.00
LIGHTED COURTS AT LAKE FRONT AND PIKE LAKE
@ 4 FIELD SOCCER COl\t1PLEX $ 150,000.00
EXPANSION OF THE PONDS WITH PARKING LOT AND
ADDITIONAL ACCESS ROAD
.3? NATURAL RESOURCES $ 50,000.00
INTERPRETIVE TRAILS, AND PRAIRIE RESTORATIONS AT
LAKEFRONT, THE PONDS, AND WESTBURY
TOTAL $4,335,000.00
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AVERAGE MONTHLY TAX IMPACT FOR 20 YEAR
GENERAL OBLIGATION PARK BONDS
PARK BOND AMOUNT
U5~ uo~ U5~ uo~ U5~ uo~
NOTE: The average home value in Prior Lake is $105,000. The boxed figures
show the monthly tax impact to the average value home in Prior Lake.
BOND.xLS11/13/95
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