Discussion of Parks Master Plan Phase II and III

Phase II and III - City Wide Parks Master Plan FY 13/14 - Action Steps July 2011 City Commission adoption of City Wide Parks Master Plan and Implementation of Phase I November 2012 Resolution Directing the City Manager to Develop a Comprehensive Parks General Obligation Bond Education Initiative to Finance Phases II and III of the Parks Master Plan. August 2012 City Manager Presentation - Long Term Capital Financing Strategy July 2013 Staff Presentation of Phasing and Timeline

Phase II and III - City Wide Parks Master Plan FY 13/14 - Action Steps July 2013 – Feb Staff Cost Estimation and Due Diligence to establish estimated G.O. Bond Amount April/May 2014 Ordinance Approving Ballot Question April 2014 Commencement with Citywide Public Education Initiative November 2014 Bond Referendum

Phase II and III Phase II Bluesten Park Ingalls Park Golden Isles Park/Tennis Center Sunset Park Phase III Historic Village Sunrise Park Chaves Lake HBCRA OB Johnson Park (Design Construction )

Opinion of Probable Cost ParksEstimated Redevelopment Cost Bluesten Park$ 36,453, Ingalls Park$ 1,919, Golden Isles Park$ 1,642, Golden Isles Tennis Center$ 7,170, Sunset Park$ 553, Historic Village$ 580, Sunrise Park$ 2,708, Chaves Lake$ 3,632, Project Management$ 1,690, Total$ 56,350,813.78

Financing Options/Debt Service Millage 30 Year Bond20 Year Bond15 Year Bank Loan Maximum Annual Debt Service:$ 3,670,250$ 4,401,000$ 5,111,250 Debt Service Millage

Maximum Annual Cost Per $100,000 of Taxable Value Taxable Value30 Year Bond20 Year Bond15 Year Bank Loan $ 100, $ $ $ $ 200, $ $ $ $ 300, $ $ $ The average taxable value of a single family home in the City is $176,558, as such the annual impact to the average resident will be $ for a 30 year bond. The average taxable value of a condominium in the City is $149,230, as such the annual impact to the average resident will be $ for a 30 year bond.

Questions?