Title
Amending the financing and spending plans in the Department of Parks and Recreation Capital Budget to utilize the new 1% local option sales tax to implement various capital projects throughout the City to revitalize and improve the Parks and Recreation system.
Body
WHEREAS, pursuant to Minnesota Session Laws 2023, Chapter 64, Article 10, Section 2-5 and Saint Paul Legislative Code Chapter 22, the City of Saint Paul established a new 1% sales and use tax to fund streets, bridges, and parks and recreation facilities improvements over the next 20 years; and
WHEREAS, the City will finance parks and recreation improvements with the 1% sales and use tax cash or with bonds; and
WHEREAS, the imposed 1% sales tax may be used to finance the capital projects, and pay debt service and associated bond sales costs; and
WHEREAS, the Department of Parks and Recreation will be implementing the projects based on specific categories to address critical needs that prioritize spending based on asset condition, recommendations from the Parks and Recreation System Plan, demonstrated need, equity, and leveraging other non-sales tax funding; and
WHEREAS, due to the significant backlog of projects and opportunity to address growing community needs and assets that are either in a state of failure or in need of immediate investment, Parks and Recreation is planning to use $31,413,125 revenues from the 1% sales tax and debt financing in 2024, on the following categories, in accordance with the Five-Year Capital Plan adopted by the City Council on December 6, 2023.
- Revitalizing building and parks across the system to include addressing critical deferred capital maintenance needs for such things as HVAC, roofs, doors, windows, gyms, lighting and other building/park needs: $10,360,000.00
- Implementing the first phase of converting and updating the Como Park Zoo and Conservatory building heating from steam/boilers to Geothermal: $7...
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