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HAMMITT Bob From: ETTER John F To: WEINMAN Richie D Cc: WEBER John J; HAMMITT Bob; ANDERSEN Chris F Subject: West University Park brainstorming.... Date: Tuesday, December 19, 1995 2:50PM John Weber just came in to think out loud about how to fund the acquisition of the vacant parcel on 14th and Hilyard, NW corner, and here is the fall out, for what it may be worth. It seems like we need the benefit of some other program or a loan. Some funds within the city, the sewer funds, for example, might have the capacity for a loan to get the site tied up. A case could be made for repaying with a little SD funding, based on the number of new dwelling units built on the old park. That would only be a token amount, however, and need more CDBG funding. I understand the risk in counting on funds that haven't been approved, but know that interfund loans have been done in the past. I don't think this is the type of item we would include in a list to ask the voters to consider before a bond election. A second source of funding would be from Police/Fire. We essentially gave them a fire station site at Sheldon, and I believe they are indebted to Parks in a way that could meet our long term objective. This would probably have to be played out in the capital budget. They owe us some land. An interim use for them that would justify their involvement would be a location for their branch facility, now on the 7-11 parking lot over on Alder. In fact, if that facility were to ultimately be located on the next property to the west, the eventual park should feel quite safe for the patrons we desire to serve. At Walnut Grove, we are going to buy a park site from you for about $80,000 with SD funds. Is there any way those funds your department receives could be channelled to buy the current site from us, or acquire this replacement site? Happy mulling. --John Page 1