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TO: Mayor Thomas J. Weisner
FROM: Daniel Barreiro, Chief Community Services Officer
DATE: March 6, 2014
SUBJECT:
Resolution Authorizing Application for Kane County Riverboat Funds for a Neighborhood Park and Execution of All Necessary Documents for 2014
PURPOSE:
A resolution authorizing application for Kane Riverboat Funds and execution of all necessary documents is necessary for consideration of a grant for the development of a neighborhood park.
BACKGROUND:
Two sets of properties are being considered for neighborhood parks -329-339 Plum Street/507 Grand Avenue and 625-629 Iowa Avenue. A total of nine properties were purchased at a combined cost of $1,329,000. These properties were purchased in the past five years in density reduction/nuisance property initiatives with funding from the City Gaming Tax Fund and the Ward 6 Committee. Vacant homes on the properties were torn down, creating large open areas for future park sites at an additional cost of $74,750. There are no parks close to either of the proposed sites. The estimated cost is the same for each of the neighborhood parks -- $125,000 for site preparation, playground equipment and installation.
DISCUSSION:
The Riverboat Grant application is requesting $62,500, or 50 percent of the $125,000 cost to develop a neighborhood park at the Plum Street and Grand Avenue location. This site includes seven properties that were purchased at a cost of $789,000 with an additional cost of $65,750 for demolition. There is more resident support for the development of a Neighborhood Park at this location. Remaining funding would come from the Ward 6 Committee from account 316-4440-451.73-43, although we will be seeking other grants for park development.
IMPACT STATEMENT:
Presently the lots are mowed once a week during mowing season at a cost of $1,000. When the park is developed the annual maintenance cost is estimated to increase to $4,400. The additional cost of $3,400 is attr...
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