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Beyond the $50,000 to make the Neighborhood Matching Grant a success, another $40,000 would provide funding for <br /> lighting and low fencing around the property. These are key design features that are intended to keep the park safe and <br /> used for legitimate purposes. There are other planned improvements for the park, but those could be funded in a 2nd <br /> phase. <br /> Fundin <br /> Potential funding sources include SDC's, 98 bond funds, and A6. In my opinion, the current lack of existing park services, <br /> and the amount of residential growth in the West University Park service area make a good justification for SDC use. <br /> <br /> We know that Quinney's development is adding 21 units to the West University Park service area. The current SDC rate <br /> <br /> for multifamily units is $1,850 for a total of $38,850 paid in SDC's <br /> In addition, since 1997 an additional 125 new units have been added to the West University Park service area. The former <br /> SDC rate that these units would have presumably paid was somewhere between $800 and $1,345 which would equal <br /> another $100,000 to $168,000 paid in SDC's. <br /> Let me know if you have questions or would like to discuss more. <br /> Thanks, Carolyn <br /> 2 <br /> <br />