HomeMy WebLinkAboutCOUNCIL - AGENDA ITEM - 04/07/1998 - RESOLUTION 98-62 REAFFIRMING CITY COUNCILS COMMIT AGENDA ITEM SUMMARY ITEM NUMBER: 28
DATE: April 7, 1998
FORT COLLINS CITY COUNCIL STAFF:
John Fischbach
SUBJECT :
Resolution 98-62 Reaffirming City Council's Commitment to the Natural Areas Program and to the
Acquisition of Land Through That Program in a Timely and Cost Effective Manner.
RECOMMENDATION:
Staff recommends adoption of the Resolution.
EXECUTIVE SUMMARY:
At the March 17 regular Council meeting, Council directed staff to prepare a resolution for its
consideration at the April 7 meeting regarding Council's commitments to funding the Natural Areas
program.
• The issues raised at the March 17 meeting included questions about the funding schedule for the
Natural Areas and Parks package of the Building Community Choices capital improvement program,
the process and progress of the Natural Areas program in acquiring land,and ways to maximize the
funds available to the Natural Areas program.
The attached memorandum reviews these issues and provides additional background information
about the City's commitment to voters regarding the Natural Areas program,as they are outlined in
the voter approved ordinance.
Provisions in the proposed resolution include the following:
1. Council reaffirms its commitment to the funding of the Natural Areas program and its
commitment to fulfilling its obligations under Ordinance No. 29, 1997.
2. Council directs staff to explore opportunities to augment its land acquisition program
through the use of buyer brokers, or other methods which ensure that the City is effectively
achieving the goals set out in the Natural Areas Policy Plan,including the possible use of the
City's eminent domain powers.
3. In order to hasten the acquisition of natural areas, Council will consider opportunities to
supplement revenues from the 1/4 cent tax with other revenue sources which are lawfully
• available to it should opportunities arise which require more funding for the Natural Areas
Program than is available under the approved funding schedule.
DATE: April 7, 1998 2 ITEM NUMBER: 28
4. The Council does not intend to provide additional enhancements to park related projects
which are a part of Ordinance No. 29.. 1997, above those generally outlined in the ballot
language approved by voters, and that the estimated costs of the Parks Projects to be
constructed with revenues generated by the Natural Areas Tax are as follows:
Cost (including inflation) Year to be Completed
Park Improvements $ 576,332 2004
Community $2,250,542 1999
Horticulture Center
Fossil Creek $9,829,167 2002
Community Park
Regional Trails $1,678,418 2003
5. Nothing in the Resolution supersedes Ordinance No. 29, 1997.
RESOLUTION 98-62
OF THE COUNCIL OF THE CITY OF FORT COLLINS
REAFFIRMING CITY COUNCIL'S COMMITMENT TO THE NATURAL AREAS
PROGRAM AND TO THE ACQUISITION OF LAND THROUGH THAT PROGRAM
IN A TIMELY AND COST EFFECTIVE MANNER
WHEREAS, in April 1997, as part of the Building Community Choices capital projects
program,the voters of the City of Fort Collins approved Ordinance No.29, 1997(the"Ordinance"),
which authorized a quarter-cent sales tax(the "Natural Areas Tax")to be collected for the purposes
of funding the City's Natural Areas Program and certain park projects; and
WHEREAS,the term of the Natural Areas Tax began January 1, 1998,and will run through
December 31, 2005; and
WHEREAS, the Ordinance authorizes and requires the City to use at least twenty-seven
million dollars($27,000,000)from the proceeds of the Natural Areas Tax to fund its Natural Areas
Program, to the extent that such tax revenues equal or exceed said amount; and
WHEREAS,the Ordinance also authorizes the construction of four park-related projects,to
the extent that additional revenues from the Natural Areas Tax are sufficient for such purposes,
which projects include a community horticulture center,certain park improvements,the development
. of Fossil Creek Community Park, and funding for a regional trails program (the "Parks Projects");
and
WHEREAS,the Parks Projects have been described in the Ordinance in general terms,with
construction cost estimates based on 1996 dollars; and
WHEREAS,the Ordinance requires that any excess revenues which are collected as a result
of the Natural Areas Tax, after the completion of all of the Parks Projects, must be committed to
further funding of the City's Natural Areas Program; and
WHEREAS,the Council wishes to take a fiscally responsible approach to the allocation of
funds to the Parks Projects; and
WHEREAS, in the face of ever escalating land cost, the Council wishes to maximize the
City's ability to purchase natural areas by augmenting staff and financial resources without
compromising the integrity of the Park Projects approved by the voters.
NOW THEREFORE, BE IT RESOLVED BY THE COUNCIL OF THE CITY OF FORT
COLLINS as follows:
Section 1. That the Council reaffirms its commitment to the funding ofthe Natural Areas
Program and to the fulfillment of its obligations under Ordinance No. 29, 1997.
Section 2. That the Council directs staff to explore opportunities to augment its natural
areas land acquisition program through the use of real estate professionals, or such other methods
as may ensure that the City effectively achieves the goals set out in the City's Natural Areas Policy
Plan, including the possible use of the City's eminent domain powers.
Section 3. That the Council will consider opportunities to supplement revenues from the
Natural Areas Tax with other revenue sources which are lawfully available to it,should opportunities
arise which require more funding for the Natural Areas Program than is available under the approved
funding schedule for revenues from the Natural Areas Tax.
Section 4. That the Council does not intend to provide additional enhancements to the
Park's Projects which are a part of Ordinance No. 29, 1997 above those generally outlined in the
ballot language approved by the voters, and that the estimated cost and schedule for the Parks
Projects to be constructed with revenues generated by the Natural Areas Tax are as follows:
Cost(including inflation) Year to be Completed
Park Improvements $ 576,332 2004
Community $2,250,542 1999
Horticulture Center
Fossil Creek $9.829,167 2002
Community Park
Regional Trails $1,678,418 2003
Section 5. That nothing in this Resolution shall be construed as superseding the provisions
of Ordinance No. 29, 1997.
Passed and adopted at a regular meeting of the Council of the City of Fort Collins held this
7th day of April, A.D. 1998.
Mayor
ATTEST:
City Clerk
City Manager
City of Fort Collins
MEMORANDUM
TO: City Council Members
Natural Resources Advisory Board n0 D
FROM: John Fischbach, City Manager
Diane Jones, Deputy City Manager��
Greg Byrne, Director of Community Pl Environmental Services
Ann Turnquist, Council Policy Managep�
Tom Shoemaker,Director of Natural Resources
�a
RE: Building Community Choices Schedule—Natural Areas and Parks Package
DATE: April 2, 1998
At the March 17 regular Council meeting, Council directed staff to prepare a resolution
for its consideration at the April 7 meeting regarding Council's commitments to funding
the Natural Areas program. This memorandum serves as background information to that
. resolution.
RECOMMENDATION:
Staff recommends that Resolution 98-62 be approved by the City Council.
BACKGROUND:
In April, 1997,voters approved the Building Community Choices capital improvements
program. Voters approved three packages of projects, including Ordinance 29, which
will fund Natural Areas and Parks projects. The '/4 cent tax is projected to raise over$40
million over the 8 year term of the tax.
BUILDING COMMUNITY CHOICES SCHEDULE
The package adopted in Ordinance 29 includes 5 separate items which will be funded,
including the following:
• Natural Areas, Open Lands, and Trails—Acquisition, Construction,
Enhancement and Maintenance
• Community Horticulture Center
. • Fossil Creek Community Park Construction
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City Council Members
Building Community Choices Schedule—Natural Areas and Parks Package
April 2, 1998 —
Page 2
• Community Park Improvements
• Regional Trails
In October 1997, the project funding schedule was approved by Council as a part of the
1998-99 budget process. Council's approval of the program at that time was used to
develop the project budgets for the coming two years. The current schedule is included
as Attachment A.
Decisions about the project schedule in this package were made to balance parks projects
and the Natural Areas Program. Providing a lower annual allocation to the Natural Areas
program in the first years of the program, and increasing that amount in later years would
allow work to begin on Fossil Creek Park and the Horticulture Center prior to the end of
the eight year term of the tax.
The recommendation to include more of the funding for Natural Areas in later years of
the program was made with the agreement of Director of Natural Resources Tom
Shoemaker. The logic used was to"even-out"the funding stream for the program over
the entire 8 year period by taking into account the fact that the City will receive
significant funding from the County Open Space tax during the first few years. By
increasing the funding in the later years, staff can rely on a fairly steady funding source
throughout the next 8 years. Attachment B illustrates the combined revenues from the
two programs over the next 8 years. This revenue stream does not assume a renewal of
the County Open Space tax.
ORDINANCE 29 PROVISIONS FOR NATURAL AREAS:
Several provisions were made in Ordinance 29 which were aimed at maximizing the
funds available to the Natural Areas program. They include:
• A provision requires that at least$27 million be allocated to the Natural Areas
program. The ordinance requires that, if revenues from the tax are projected to be
inadequate to provide at least$27 million,the Council will reduce funding to park
related projects in the package to ensure that the Natural Areas Program will receive
at least$27 million over the 8 year period.
• Council included a provision that any remaining funds at the end of the program will
be allocated to the Natural Areas program. Based on the City's past experience with
conservative sales tax revenue projections,this provision is likely to result in the
program receiving more than$27 million by 2005.
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Building Community Choices Schedule—Natural Areas and Parks Package
April 2, 1998
Page 3
NATURAL AREAS ACQUISTION OPTIONS
Background
The City's current Natural Areas Program began in earnest in 1993 following the
October 1992 adoption of the Natural Areas Policy Plan and the 1993 voter
approval of the 1/4 Cent Sales Tax for Natural Areas. The Natural Areas Policy
Plan gave direction to the City's efforts to: (1)protect natural areas through land
acquisition, regulation, and private land stewardship, (2) manage natural areas to
protect and enhance their natural resource values, and(3)provide opportunities
for public enjoyment of natural areas through public access for passive recreation
and education and interpretation programs. While all of these areas have
received substantial emphasis, land acquisition has been the major focus from a
budgetary standpoint.
The Fort Collins community has identified natural area and open land
conservation as a priority. As a result,the land protection vision established in
the Natural Areas Policy Plan has been expanded three times since 1993, first in
the 1995 adoption of the Plan for the Region Between Fort Collins and Loveland,
in 1997 in City Plan, and this year in the Fossil Creek Reservoir Area Plan. As a
result, our land conservation efforts now include corridors, community separators
and other types of open lands,while still maintaining a major focus on natural
areas protection. Funding for the program has been continued through the
countywide Help Preserve Open Spaces Sales tax which began in 1996 and the
Building Community Choices program which began this year. A summary of
funding sources for the program from 1998 through the end of the Building
Community Choices program in 2005 is attached as Attachment B.
Status of Acquisition Program
The Natural Areas Policy Plan identified specific natural areas as targets for
public acquisition. The 1992 -- 1997 Action Plan anticipated acquisition of
between 2,000 and 3,000 acres of land in the Natural Areas Program. As of
today,we have completed 42 separate transactions,totaling 5,043 acres, and we
have 4 properties,totaling 243 acres under contract which should close in the next
three months. In addition, negotiations are currently in process on an additional
10 properties,totaling 2,120 acres.
The total area of 5,286 acres either acquired or under contract is located in the
following general areas:
• 781 acres in the Poudre River Resource Area;
• 1,612 acres in the Fossil Creek Resource Area;
• 389 acres in the Foothills Resource Area;
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April 2, 1998
Page 4
• 160 acres in the Lakes Resource Area;
• 2,311 acres in the Fort Collins/Loveland Corridor; and
• 33 acres in Isolated Areas within the City.
Our acquisition efforts are currently focused on the Poudre River Corridor, the
western side of the corridor between Fort Collins and Loveland, and the Fossil
Creek Reservoir vicinity.
Inside the City limits, 3,944.66 acres have been protected out of a total of 4559.12
acres inventoried. This means that 86.52%of areas inventoried in the Natural
Areas Policy Plan have been protected either through acquisition or development
regulation. Outside the City and in the Urban Growth Area(prior to its expansion
in the Fossil Creek Reservoir Area Plan)this percentage stands at 61%protected.
This includes 2,685.84 acres of 4,255.74 acres inventoried. Reduced development
pressures and an overall greater percentage of open space in the UGA account for
the lower share of open lands under protection.
Acquisition Process:
The Natural Area/Open Land acquisition process in the City is a team effort by
Natural Resources (Tom Shoemaker), Right-of-Way (Ron Mills), and the City
Attorney's Office(Carrie Daggett). In doing this work, each group makes an
important contribution to the team, and each is involved in various aspects of the
negotiations.
• Natural Resources' role is to provide the vision for the program, to target
priority sites, and, often,to convince landowners that sale of land to the City
for conservation purposes is an important community benefit, in contrast to
some other land use. Sharing our passion for natural areas protection with
landowners has often been a critical factor in either(1) convincing them to
sell the land for conservation purposes, rather than pursuing a potentially
more lucrative development proposal, or(2) selling to the City at a
substantial discount and making a substantial charitable contribution to the
community.
• Right-of-Way provides professional Real Estate expertise to the Natural
Areas program, as well as all other City departments that acquire land or
rights-of-way. Their role is to handle all of the technical details of the
transaction, including: landowner contacts, arranging for appraisals or
producing independent value estimates, preparing contracts, reviewing title
insurance policies and exceptions, and conducting closings. In addition,
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Building Community Choices Schedule—Natural Areas and Parks Package
. April 2, 1998
Page 5
Right-of-Way staff help ensure coordination with other City departments; and
ensure consistency among all of the City's real estate transactions.
• The City Attorney's office handles all of the legal details of the
transactions. They help develop the acquisition or protection strategy,
prepare or approve contracts, identify and resolve legal issues,review
liability concerns, and ensure adequate protection for the City.
Often, natural area acquisitions are also completed in combination with
Stormwater, Parks Planning, or Latimer County in joint,mutually beneficial
acquisitions. Most transactions also involve consulting appraisers who establish
value and environmental consultants who prepare environmental liability
assessments on the properties. As needed,we may also involve land use, land
conservation, financial, or other consultants to provide needed expertise to
especially complex negotiations.
Natural area acquisitions are initiated in a variety of ways. Natural Resources or
Right-of-Way staff actively contact landowners in priority areas. Landowners
also contact staff to explore possibilities or to offer their land for sale. Other
. contacts come through the development review process, or by referrals from
citizens.
Each land acquisition project undertaken by the City has unique characteristics
that determine how fast it can proceed. In some instances,the acquisition is a
straightforward business deal: we have a willing seller who is interested in
moving quickly to sell a high priority property that has no encumbering
complications. In these cases, we can move forward quickly. As an example, we
recently signed a contract on a 22-acre parcel of land in the Fossil Creek
Reservoir vicinity;the contract was signed within 30 days of initial contact with
the landowner and it should close within 60 days.
Many of our transactions are more complex,however,because they involve
intergovernmental agreements,present the opportunity for a discount sale or
charitable contribution to the City, have existing leases or other encumbrances
that need to be resolved, or present other complexities that may take a great deal
of time to resolve. As an example, staff has been working for more than a year to
acquire the majority of the Timberline Lakes property near the Poudre River and
Timberline Road. This transaction has required: resolution of property boundaries
because the seller is not interested in selling the entire parcel, a zoning decision by
the Council on the remainder property, determination of final reclamation plans
• for the gravel pits, development of future restoration plans for the parcel to be
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Building Community Choices Schedule—Natural Areas and Parks Package
April 2, 1998
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acquired by the City, determination of setbacks from development for the
remainder property, and resolution of water rights,mineral rights,right-of-way,
and other property rights reservations placed on the property by the previous
owner. We expect to enter into a final contract for this property within 30 days.
Building Community Choices Funding
At the March 17 Council meeting, citizens raised questions about the allocation of
the Building Community Choices funding for Natural Areas over time;they were
concerned that a large portion of the funding occurs in the later years of the sales
tax period. Natural Resources staff were involved in the recommended funding
allocation. The recommended schedule attempted to balance the needs of all
projects within the package (Parks and Natural Areas), assure consistent and
predictable longer-term funding for Natural Areas, and provide a manageable
level of funding that would keep pace with staffs ability to complete acquisitions.
Based on our experience over the last 5 years,we believed the funding schedule to
be appropriate.
Options for Acceleratine Acquisition Process
Staff involved in Natural Areas acquisitions are very proud of our accomplish-
ments over the last 5 years, especially since the acquisition program has been
accomplished with existing staffing levels within Natural Resources, Right-of-
Way, and the City Attorney's office. If Council wishes to accelerate the
acquisition program further,this can be accomplished through a variety of steps,
including the following:
Option A: Increased staffing. While we have kept pace with acquisition
opportunities during the last 5 years,we have often done so by placing highest
priority on these acquisitions, sometimes at the expense of other responsibilities.
Accelerating the acquisition program beyond its current level would require
additional staff resources in Right-of-Way,Natural Resources, and the City
Attorney's office. The type and level of additional help needed would depend on
the goal that would be set by the Council.
Option B: Contract appraiser. During the last year, several acquisitions have
been slowed by the high workload being experienced by private appraisers
throughout the Front Range. Appraisals are often taking 90 days or longer for
completion. Our acquisition efforts would perhaps be speeded up if we were able
to hire an appraiser on a retainer basis that would guarantee faster turn-around
times. This approach may be questionable because, in most cases,property
owners want to select a mutually acceptable appraiser jointly with the City.
Sellers may resist working with"the City's" appraiser.
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Building Community Choices Schedule—Natural Areas and Parks Package
. April 2, 1998
Page 7
Option C: Buyer's broker. The City could hire an outside broker to contact
landowners and negotiate acquisitions. This approach would likely be successful
for straightforward transactions with few complications. It is unlikely to be
successful in the more complex situations (which are increasingly common)that
require a great deal of staff time now, such as negotiations that involve
intergovernmental agreements, conservation easements instead of fee-simple
acquisition, or complex issues such as mining reclamation.
Option D: Additional consulting expertise. Many of the acquisitions that we
will need to complete in the next several years will be complex and may involve:
land exchanges, conservation easements instead of fee-simple acquisition, limited
development proposals, and agreements regarding gravel mine reclamation
involving multiple parties. These acquisitions will require increased use of
outside consultants in order to augment staff expertise and to complete the
planning for the transactions in a timely manner.
Option E: Partnership with a land trust. The City could develop a stronger,
more formal relationship with one or more land trusts who can undertake land
conservation projects in and near Fort Collins that help meet the City's goals.
Staff has already begun to discuss this possibility with Larimer Land Trust and
believes that there are good opportunities for additional joint projects that would
benefit the City's program, as well as the land trust. There may also be
opportunities to work more closely with Poudre River Trust, or other land
conservation groups.
Option F: Eminent domain. All Natural Area transactions so far have been
conducted on a"willing seller-- willing buyer" basis. This has been done as a
matter of adopted Council policy,not a legal restriction. Depending on the
funding source used (the County sales tax and GO Colorado funds cannot be used
in eminent domain proceedings), eminent domain could be used to acquire lands
where the seller is not willing to sell the property at all, or at a reasonable price.
Council would need to weigh the benefits of this approach against the potentially
negative public reaction that could result.
Overall Program Review
This year marks the 5th year in the Natural Areas program. It is time to review
program in depth,make any necessary course corrections, and adopt a new 5-year
Action Plan. Staff has begun work on the 5-year Action Plan and had planned to
complete the project and present it for Council review and adoption by mid-
summer. A study session to begin that process is scheduled for April 28. This
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Building Community Choices Schedule—Natural Areas and Parks Package
April 2, 1998
Page 8
study session, and further work on the Action Plan will provide a setting for
Council consideration and direction of all aspects of the program, including
acquisition, management planning, major restoration and enhancement projects,
education and interpretation, and long-term management. These deliberations
should enable Council to provide direction on a variety of policy issues.
BUILDING COMMUNITY CHOICES PACKAGE SCHEDULING OPTIONS:
Staff has reviewed the current project schedule to evaluate if there are scheduling options
available to the City which would not adversely affect the program.
Option 1:
The alternative project schedule described in Attachment C would raise funding to
natural areas slightly in 1998-2002. The consequence of increasing this allocation would
be to spread the completion of Fossil Creek Community Park over 4 years instead of the
current schedule of 3 years. This option would be financially feasible within the context
of current revenue projections; however it raises other issues. Parks Planning staff has
reviewed this alternative and raise the following concerns with changing the schedule:
• Area residents and other interested parties have been told that the City will
complete the park in 2002. Many of these people already feel this is too far in the
future. If completion is extended to 2003, Council is likely to hear renewed
complaints.
• The City has not built a community park since 1984 (Rolland Moore) and the
entire park system has become overcrowded as a result. Building FCCP will
relieve significant pressure on the entire park system. The longer it is delayed,the
worse this problem will get.
• Inflation on construction costs in 1998 is exceeding the general rate of inflation.
Though general inflation has been near 3%over recent years,the cost of
construction in the Denver/Fort Collins area has been increasing at a much higher
rate. This inflation is driven by high demand for construction materials and labor.
Staff believes that the rate may be running as high as 8%per year. If the project
is allocated inflation at a rate of 4.3%,the allocated budget is likely to become
increasingly inadequate the longer the construction is delayed. Most park money
goes "into the ground"and into associated development cost(streets, storm
drainage etc.)while the things people most enjoy and the features that make the
park unique come at the end of the project. Loss of real dollars to inflation
increases the possibility that the park will not meet the expectations of residents.
• A delay in funding would increase the cost of building the park because
contractors would need to remobilize the work crews and equipment several
times. Staff's experience has been that stretching project phases over many years
significantly affects the cost of the project.
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Building Community Choices Schedule—Natural Areas and Parks Package
April 2, 1998
Page 9
• A funding delay would disrupt the use of the park because areas of the park will
have to be closed to allow the work to be completed in 2003.
Option 2:
If projects in this package were re-prioritized to allocate an even 1/8 share of the $27
million to the Natural Areas Program, ($3.375 million each year), it is likely that there
would not be adequate funds available to construct all the projects committed to in the
ballot language. By moving Fossil Creek Community Park and the Horticulture Center
into the later years of the program,we would be paying more for these projects because
of increased costs due to inflation. The longer the City waits to construct these projects,
the more expensive they will be to construct. At the projected 4.3% inflation rate, initial
calculations show that this would result in a shortfall of more than $600,000 by 2005. A
sample spreadsheet detailing one option for revising the schedule is attached as
Attachment D. Note that the "Adjusted Running Balance"for the package falls into
negative numbers in 2005 as we try to schedule remaining projects within expected
revenues.
Option 3:
Null alternative. In October, 1997, Council approved a schedule for the completion of
the Building Community Choices projects. This schedule, included as Attachment A, is
recommended by Staff and is supported by Resolution 98-62. Under the current
schedule,the Park Projects are scheduled as follows:
Cost Year to be
Project (including Completed
inflation)
Community Horticulture Center $2,250,542 1999
Fossil Creek Community Park 9,829,167 2002
Community Park Improvements 576,332 2004
Regional Trails 1,678,418 2003
•
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Original Schedule Approved by Council,October 1997
Three Packages--Pay-as-You-Go Attachment A
Project Scheduling
Building Coninarnity Choices
Total Cost Total Project
Project 1996 Cost 1998 1999 2000 2001 2002 2003 2004 2005 With Inflation Inflation
] J 4 G e
Package 1—Natural Areas and Parks --
Natural Areas $27,000,000 $2,200,000 $2,300,000 $2,400,000 $1,900,000 $2,700,000 $3,500,000 $5,700,000 $6.300,000 $27,000.000 $0
Park Improvements $450,000 $0 $0 $207,098 $135,773 s0 $107.419 $126,042 $576.332 $126.332
Horticulture Center $2,000,000 $435,140 $1,815,402 $2,250,542 $250,542
Fossil Creek Community Par $8,000,000 $690,776 52,130,148 $4,443,488 $2,574.755 $9,829.167 $1,929,167
Regional Trails $1,250,000 $1,678,418 $1,678.418 $428.418
Package Inflation Total: $2,634,459
Package Cost $2,635,140 $4,796,178 $4,737,246 $6,479,262 $5,274,755 $5,285,837 $5,826,042 $6,300.000 $41,334,459
Quarter Cent Revenue $3,611,598 $4,161,743 $4,468,880 S 4,821,027 S 5,122,341 $5,442,488 $5,792,643 $6,656,063 540,066,783
Balance $976,458 ($634,435) ($268,366) ($1,658,235) ($152,414) $156,651 ($43,399) $356,063
Running Balance $976,458 $342,023 573,658 (SI,584,577) ($1,736,991) ($1,580,340) ($1,623,739) ($1,267,676)
Plus Vendor Fee Revenue $ - S 1,585,000 S 152,000 S - $ 1,737,000.0
Adjusted Running Balance $976,458 $342,023 $73,658 5423 $9 $156,660 $113.261 $469,324 $469.324
Cmprevex.xls 411/9811:03 AM
Attachment B,page I
NATURAL AREAS FUNDING
Current Schedule
1998 1999 2000 2001 2002 2003 2004 2005
1/4 Cent Natural Areas Tax $ 344,000 $ 344,000
County Help Preserve Open Space $2,172,000 $2,278,000 $2,390,000 $2,507,000 $2,630,000 $2,700,000 $14,677,000
Building Community Choices($27 M total) $2,400,000 $2,500,000 $2,600,000 $2,700,000 $2,800,000 $3,000,000 $5,400,000 $5,600,000 $27,000,000
$4,916,000 $4,778,000 $4,990,000 $5,207,000 $5,430,000 $5,700,000 $5,400,000 $5,600,000 $42,021,000
Natural Areas Revenue
$6,000,000
$5,000,000
a+
� $4,000,000 --
a $3,000,000
m
q ❑Building Community Choices
o $2,000,000 (527 M total)
d
■County Help Preseme Open
$1,000,000 Space
$_ a 1/4 Cent Natural Areas Tax
w
Obi � O O O O O O
Year
Attachment B,page 2
NATURAL AREAS FUNDING
OPTION 1
1998 1999 2000 2001 2002 2003 2004 2005
1/4 Cent Natural Areas Tax $ 344,000 $ 344,000
County Help Preserve Open Space $2,172,000 $2,278,000 $2,390,000 $2,507,000 $2,630,000 $2,700,000 $14,677,000
Building Community Choices($27M Total) $2,200,000 $2,300,000 $2,400,000 $1,900,000 $2,700,000 $3,500,000 $5,700,000 $6,300,000 $27,000,000
TOTAL FUNDING $4,716,000 $4,578,000 $4,790,000 $4,407,000 $5,330,000 $6,200,000 $5,700,000 $6,300,000 $42,021,000
Natural Areas Revenue
$7,000,000
$6,000,000
a+ $5,000,000 -
e
d
u $4,000,000
a
$3,000,000
o ❑Building Community Choices
d $2,000,000 (Wh1 Totoq
■County Help Preserve Open
$1,000,000 Space
OI/4 Cent Natural Areas Tax
00 O1 O N M 7 v1
Q. T O O O O O O
O T O O O O O O
N N N N
Year
Attachment 11,page 3
NATURAL AREAS FUNDING
Option 2
1998 1999 2000 2001 2002 2003 2004 2005
-1/4 Cent Natural Areas Tax $ 344,000 $ 344,000
County Help Preserve Open Space $2,172,000 $2,278,000 $2,390,000 $2,507,000 $2,630,000 $2,700,000 $14,677,000
Building Community Choices($27 M total) $3,375,000 $3,375,000 $3,375,000 $3,375,000 $3,375,000 $3,375,000 $3,375,000 $3,375,000 $27,000,000
$5,891,000 $5,653,000 $5,765,000 $5,882,000 $6,005,000 $6,075,000 $3,375,000 $3,375,000 $42,021,000
Natural Areas Revenue
$7,000,000
$6,000,000
$5,000,000
d $4,000,000
a
$3,000,000
G
O
d' $2,000,000 (1 Building Community
Choices(S27 N1 total)
$1,000,000
■County Help Preserve
Open Space
$-
■114 Cent Natural Areas
a, rn o 0 0 0 0 o Pas
Year
Even-out Natural Areas,Spread FCCP over 5 years(complete 2003)
Three Packages--Pay-as-You-Go Attachment C
Project Scheduling
Building Community Choices
Total Cost Total Project
Project 1996 Cost 1998 1999 2000 2001 2002 2003 2004 2005 Will,Inflation Inflation
6 a Y
Package 1—Natural Areas and Parks
Natural Areas $27,000,000 $2,400,000 $2,500,000 $2,600,000 $2,700,000 $2,800,000 $3.000,000 $5,400,000 $5,600,000 $27,000.000 $0
Park Improvements $450,000 $610,944 $010,944 $160.944
Horticulture Center $2,000,000 $652,709 $1,588,477 $2,241,187 $241,197
Fossil Creek Community Pa $8,000,000 $624,045 $1,834,294 $3,702,907 $2,446,017 $1,342,735 $9.949.997 $1,949,997
Regional Trails $1,250,000 $644,513 $392,132 $715,739 $1.752,384 $502,384
Package htnallon Tohd: $2.854,512
Package Cost $3,052,709 $4,712,522 $4,434,294 $6,402,907 $5,246,017 $5,598,191 $5.792,132 $6,315,739 $41,554,512
Quarter Cent Revenue $3,611,598 $4,161,743 $4,468,880 S 4,821,027 S 5,122.341 $5,442,488 $5,782,643 $6,656,063 $40,066.783
Balance $558,889 ($550,779) $34,586 ($1,581,880) ($123,676) ($155,703) ($9,489) $340.324
Running Balance $558,889 $8,110 S42,696 (Sl,539,184) ($1,662,860) ($1,818,563) (SI,828,052) ($1,487,729)
Plus Vendor Fee Revenue $ - S 1,585,000 S 152,000 S - S 1.737.000.0
Adjusted Running Balance $558,889 $8,110 $42,696 $45,816 $74,140 ($81,563) ($91.052) $249.271 $249,271
Resched5.xis 4/119811:03 AM
i • •
Three Packages--Pay-as-You-Go Attachment U
Project Scheduling
Building Commmrily Choices
Total Cost '['Olaf Project
Project 1996 Cost 1998 1999 2000 2001 2002 2003 2004 2005 With Inflation Inflation
I 3 I 6 a 9
Package 1--Natural Areas and Parks
Nnlural Areas S27,000pf81 S3375,000 $3,375,000 $3,375,000 $3,375,000 $3,375.000 .$3,375,0101 $3,375.000 $1,375,000 $27.000,000 $0
Park Improvements $450,000 $190,374 $124,809 $98,744 $0 $126,042 $534,90) $89969
Horticulture Center $2,000,000 $2,921,385 $2,921,385 $921,385
Fossil Creek Community Par $8,0001000 $703,468 $1,094,659 $2,925,296 $1,905.318 $2,066,468 $1.492,903 $10,188,114 $2,188,114
Regional Trails $1,250,08111 $791.267 $1,000,574 $1,791,941 .$541,841
Package Inflallon'rolol: $3.7,11,309
Package Cost $3,565,374 $4,203,277 S4,469,659 $6,399,041 $5,280,318 $5,441,468 $5,785,213 $7,296,959 $42.441,309
Quarter Cent Revenue $3,611,598 $4,161,743 $4,468,880 S 4,821,027 S 5,122,341 $5,442,488 S5,782,643 $6,656,063 $40,066,783
Balance $46,224 ($41,534) ($779) ($1,578,014) ($157.977) $1,020 ($2,570) ($640,896)
Running Balance $46,224 $4,690 $3,911 ($1,574,103) ($1,732,080) ($1,731,061) ($1,733,630) ($2,374,526)
Plus Vendor Fee Revenue $ - S 1,585,000 $ 152,000 $ - $ 1,737,000
Adjusted Running Balance $46,224 $4,690 $3,911 $10,897 $4,920 $5,939 $3370 ($637,526) ($637.526)
Resched.xls 4/1/9811:03 AM