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HomeMy Public PortalAbout08.21.2018 Work Session Packet Posted 5/29/2009 Page 1 of 1 WORK SESSION AGENDA MEDINA CITY COUNCIL Tuesday, August 21, 2018 6:00 P.M. Medina City Hall 2052 County Road 24 I. Call to Order II. Municipal Park Fund Discussion III. Adjourn Posted 8.16.18 MEMORANDUM TO: City Council Members FROM: Erin Barnhart, Finance Director DATE: August 14, 2018 SUBJ: Municipal Park Fund Background Park equipment has an asset/depreciation life between 10 and 40 years. Past practice for park equipment replacement needs have been funded from the General Fund or Park Dedication Fund if classified as a capital improvement. The past need for park replacement has not been great because the parks were new or newer. As the parks and park equipment within the City of Medina approach asset life, there will be an increased need for replacement. The funds within the Park Dedication Fund will not be enough to maintain a practice of funding replacements or improvements. Existing Park Dedication funds are needed for new park development, which is the intended use of Park Dedication funds, as mandated by state statute. The 2040 Comprehensive Plan shows between $13.8 and $27.4 million in new parks and trails development over the next 20 years. The Park Dedication Fund’s revenue source is 100% dependent on development and developers and needs to be set aside for future use. There have been past years and will be again when no revenue comes in for Park Dedication. This is the reason why it is important to establish a constant revenue source for the Municipal Park Fund to handle replacements, which will be ongoing while there are parks in use. Revenue Source Options 1) Property Tax Levy 2) Antenna Lease Revenue (cell towers) – Antenna revenue for 2019 is projected to be $119,041. In preparation for lease revenue decreasing due to future cell tower technology changes, since 2016, budgeting for antenna revenue has increasingly been phased out of the General Fund, as it will not be a reliable revenue source in the future. Currently, $55,949 (47%) is transferred to the Environmental Fund. The transfer can be redirected to the Municipal Park Fund to help build the balance in the near future. It will not be a permanent revenue source, nor account for the annual contribution need in its entirety, but provides an opportunity to phase in a potential property tax increase. Attached Exhibits A) Medina Parks and Trails Asset Inventory - Comprehensive list of park assets (A), estimated replacement cost (B), year acquired (C), asset life span (D), estimated replacement year (E), and total replacement amount by year (F). Total estimated replacement cost over the next 31 years is $3,367,789 (line 88). Asset replacement 2 spread out over the following three plans would require revenue source(s) in the amount of: 1) 30 year-spread - $112,260 annually 2) 35 year-spread - $96,223 annually 3) 40 year-spread - $84,195 annually These amounts do not account for the addition of new park assets or assets that will need replacing after 2050. B) Tax Scenario with No Municipal Park Levy - Overall levy increase of 2.2%. In this scenario, no property taxes would be dedicated to the Municipal Park Fund. Property tax increases/decreases based on no change to 2018 market value are estimated in lines 36-45. Estimated tax increases/decreases based on a 5% increase to 2018 market value are represented in lines 55-64. C) Tax Scenario with $14,000 Municipal Park Fund Levy – Overall levy increase of 2.5%. In 2018, the 2011A G.O. Bond matured ending the property tax levy in the amount of $14,000. In this scenario, the $14,000 would be kept as a property tax levy redirected to the Municipal Park Fund. This levy line item in combination with the antenna lease revenue redirected from the Environmental Fund would be a revenue contribution of $69,949 to the Municipal Park Fund for 2019. Property tax increases/decreases based on no change to 2018 market value are estimated in lines 36-45. Estimated tax increases/decreases based on a 5% increase to 2018 market value are represented in lines 55-64. D) Tax Scenario with $50,000 Municipal Park Fund Levy – Overall levy increase of 3.4%. $50,000 of property tax revenue in combination with antenna lease revenue would be $105,943. Property tax increases/decreases based on no change to 2018 market value are estimated in lines 36-45. Estimated tax increases/decreases based on a 5% increase to 2018 market value are represented in lines 55-64. E) Tax Scenario with $96,223 Municipal Park Fund Levy – Overall levy increase of 4.6%. This scenario would not require a transfer of antenna lease revenue. This levy amount would be in line with the 35 year-spread references above in A)-1. Property tax increases/decreases based on no change to 2018 market value are estimated in lines 36-45. Estimated tax increases/decreases based on a 5% increase to 2018 market value are represented in lines 55-64. F) Recent History of Medina Parks Funding - submitted by Park Commissioner Liz Weir Council Action Requested Direct staff how to proceed in budgeting revenue source(s) for the Municipal Park Fund. 8/14/2018 Medina Park and Trails Asset Inventory (A) (B) (C) (D) (E) Asset Description Estimated Replacement Price Acquired Life Span Replacement 1 Hunter Lions Park tennis court $50,000.00 2006 13 2019 2 Hunter Lions Park baseball diamond with backstop/Fences $75,000.00 2006 25 2019 2019 $139,000.00 3 Lakeshore Park Garbage Enclosure $2,000.00 2004 15 2019 4 Other Misc 72" Mower $12,000.00 1992 2019 5 Medina Morningside Park curb around playground $25,000.00 2001 2020 6 Trails All Trails 10.7 Miles $1,142,400.00 1998-2018 25 2020 2020 $70,696.00 *Split over 25 years 7 Lakeshore Park Playground Equipment Lakeshore Park $25,080.56 2004 20 2024 2021 $45,696.00 8 Lakeshore Park Picnic Table on Slab - 2 $2,000.00 2004 20 2024 2022 $45,696.00 9 Lakeshore Park picnic Table handicap on slab $4,000.00 2004 20 2024 2023 $45,696.00 10 Lakeshore Park two swings $5,000.00 2004 20 2024 11 Lakeshore Park two rocking toy animals $1,000.00 2004 20 2024 12 Lakeshore Park paved driveway down to water $8,000.00 2004 20 2024 2024 $98,776.56 13 Lakeshore Park park entrance sign $5,000.00 2004 20 2024 14 Lakeshore Park gate doors for boat launch $1,000.00 2004 20 2024 15 Holy Name Park garbage enclosure $2,000.00 2009 15 2024 16 Hunter Lions Park toilet enclosure $2,000.00 2010 15 2025 17 Lakeshore Park I.B.Boat Launch $18,916.95 2005 20 2025 18 Maple Park baseball diamond with backstop $20,000.00 2000 25 2025 2025 $88,612.95 19 Medina Morningside Park toilet enclosure $2,000.00 2010 15 2025 20 Hunter Lions Park basketball hoop/pavement $15,000.00 2006 20 2026 21 Hunter Lions Park parking lot $10,000.00 2006 20 2026 2026 $207,446.00 22 Park at Fields of Medina toilet Enclosure $2,000.00 2016 15 2026 23 Maple Park soccer nets $2,000.00 2016 10 2026 24 Medina Morningside Park Playground equipment $75,000.00 2001 25 2026 25 Medina Morningside Park 4 swings (2 baby and 2 regular) $10,000.00 2001 25 2026 26 Medina Morningside Park Pavillion $20,000.00 2001 25 2026 27 Medina Morningside Park Soccer nets $2,000.00 2016 10 2026 28 Medina Morningside Park baseball diamond with backstop $20,000.00 2001 25 2026 29 Other Misc 1/2 PW brush Mower $5,750.00 2016 2026 30 Hamel Legion Park Light pole for skating rink 2,000.00 2007 20 2027 31 Hamel Legion Park Tennis courts $75,000.00 2007 20 2027 2027 $129,696.00 32 Hamel Legion Park Volleyball court $5,000.00 2007 20 2027 33 Park at Fields of Medina Soccer nets $2,000.00 2017 10 2027 2028 $45,696.00 34 Lakeshore Park Park entrance sign 5,000.00 2009 20 2029 35 Holy Name Park Picnic Table on Slab - 3 $2,000.00 2009 20 2029 2029 $60,696.00 36 Holy Name Park rain garden $8,000.00 2009 20 2029 37 Hamel Legion Park Hamel Legion Park Trail $25,399.39 2005 25 2030 38 Hamel Legion Park Overflow Parking Lot $23,000.00 2010 20 2030 39 Maple Park two benches by baseball field $4,000.00 2010 20 2030 2030 $102,095.39 40 Maple Park two picnic tables $4,000.00 2010 20 2030 41 Hunter Lions Park Play Structure $50,497.86 2006 25 2031 42 Hunter Lions Park volleyball court $5,000.00 2006 25 2031 2031 $132,193.86 43 Hunter Lions Park bridge to nature area $20,000.00 2006 25 2031 44 Hunter Lions Park shed $5,000.00 2006 25 2031 45 Medina Morningside Park Three Picnic tables $6,000.00 2001 30 2031 46 Hamel Legion Park Hamel Legion Plaza $23,781.71 2007 25 2032 47 Hamel Legion Park Basketball Court $22,837.56 2007 25 2032 2032 $190,219.08 48 Hamel Legion Park Hamel Legion Playground $32,903.81 2007 25 2032 49 Hamel Legion Park two pavillions with picnic tables $40,000.00 2007 25 2032 50 Hamel Legion Park Park entrance sign $5,000.00 2007 25 2032 51 Hunter Lions Park Park entrance sign $5,000.00 2012 20 2032 52 Holy Name Park park entrance sign $5,000.00 2012 20 2032 53 Maple Park Park entrance sign $5,000.00 2012 20 2032 54 Medina Morningside Park Park entrance sign $5,000.00 2012 20 2032 55 Hamel Legion Park Hamel Legion Park Playground Equip $69,187.15 2008 25 2033 2033 $114,883.15 56 Lakeshore Park pavillion with single picnic table $5,000.00 2004 30 2039 57 Holy Name Park concrete work $15,000.00 2009 25 2034 58 Holy Name Park Pervious paver parking lot $10,000.00 2009 25 2034 59 Holy Name Park pervious trail $5,000.00 2009 25 2034 60 Holy Name Park paved trail/parkinglot $8,000.00 2009 25 2034 2034 $88,696.00 61 Hamel Legion Park Field House Irregation/LS $46,651.60 2010 25 2035 62 Hamel Legion Park Donor Wall $6,836.20 2005 30 2035 63 Medina Morningside Park basketball hoop $2,000.00 2010 25 2035 2035 $107,183.80 64 Medina Morningside Park 8 plastic benches by baseball field $6,000.00 2010 25 2035 65 Park at Fields of Medina Field of Medina Lights $10,000.00 2016 20 2036 66 Park at Fields of Medina Sport Court/Tennis Court $75,000.00 2016 20 2036 2036 $139,696.00 67 Park at Fields of Medina Basketball hoop $4,000.00 2016 20 2036 68 Park at Fields of Medina Park entrance sign $5,000.00 2016 20 2036 69 Hamel Legion Park Hamel Legion Parking Lot $30,000.00 2017 20 2037 70 Hamel Legion Park Little league ball fields $100,000.00 2007 30 2037 2037 $281,510.36 71 Hamel Legion Park Hawks ball field (fortin field) $100,000.00 2007 30 2037 72 Park at Fields of Medina Fields of Medina Volleyball $5,814.36 2017 20 2037 73 Hamel Legion Park Ballfield Scoreboard $15,346.00 2013 25 2038 74 Maple Park Paved parking lot $20,000.00 2018 20 2038 2038 $81,042.00 75 Hamel Legion Park Bleachers - Hamel Park $6,040.58 2009 30 2039 76 Holy Name Park dock $5,000.00 2009 30 2039 2039 $56,736.58 Replacement Amount by Year (F) 77 Hamel Legion Park Hamel Legion Scoreboard $17,195.25 2016 25 2041 2040 $45,696.00 78 Park at Fields of Medina Playground $200,000.00 2016 25 2041 2041 $282,891.25 79 Park at Fields of Medina Parking Lot $20,000.00 2016 25 2041 2042 $45,696.00 80 Hamel Legion Park Lights on Little League Field 150,000.00 2018 25 2043 2043 $195,696.00 81 Hamel Legion Park Ballfield Dugout Roof $9,872.51 2014 30 2044 2044 $55,568.51 82 Holy Name Park Pavillion with one picnic table $12,000.00 2015 30 2045 2045 $12,000.00 83 Hunter Lions Park Metal Bleachers $6,000.00 2006 40 2046 2046 $6,000.00 84 Hamel Legion Park Dugouts $16,605.00 2017 30 2047 2047 $16,605.00 85 Maple Park Pavillion $8,000.00 2018 30 2048 2048 $8,000.00 86 Hamel Legion Park Field House $427,672.84 2010 40 2050 2050 $427,672.84 87 88 Total Replacement Cost $3,367,789.33 $3,367,789.33 89 90 91 Total Replacement Cost $3,367,789.33 92 93 30 Year Plan $112,259.64 94 35 Year Plan $96,222.55 95 40 Year Plan $84,194.73 City of Medina 2019 Proposed Property Tax Scenario Residential Homesteads SCENARIO - GENERAL FUND LEVY PLUS 3.0% 2018 2019 2018-2019 Budget Proposed Change 1 City Tax Rate:21.523% 21.476% -0.2% 2 3 General Fund Levy:$3,229,026 $3,325,897 $96,871 4 5 Debt Service & Capital Levies:$675,791 $662,997 ($12,794) 6 7 Total Levy:$3,904,817 $3,988,894 $84,077 8 9 Change in Total Levy:2.2% 10 11 2018 CITY PROPERTY TAXES 12 13 Homestead City Local City 14 Market Market Value Tax Tax Capacity Property 15 Value Exclusion Capacity Rate Taxes 16 2018 2018 2018 2018 2018 17 18 $100,000 ($28,200) $718 21.523% $155 19 $200,000 ($19,200) $1,808 21.523% $389 20 $300,000 ($10,200) $2,898 21.523% $624 21 $400,000 ($1,200) $3,988 21.523% $858 22 $500,000 $0 $5,000 21.523% $1,076 23 $600,000 $0 $6,250 21.523% $1,345 24 $750,000 $0 $8,125 21.523% $1,749 25 $800,000 $0 $8,750 21.523% $1,883 26 $900,000 $0 $10,000 21.523% $2,152 27 $1,000,000 $0 $11,250 21.523% $2,421 28 29 2019 CITY PROPERTY TAXES (WITH NO MARKET VALUE CHANGE) 30 31 Market Homestead City Local City Property Percentage 32 Value Market Value Tax Tax Capacity Property Taxes Tax 33 2019 Exclusion Capacity Rate Taxes Increase Increase 34 NO CHANGE 2019 2019 2019 2019 (Decrease) (Decrease) 35 36 $100,000 ($28,200) $718 21.476% $154 ($0) -0.2% 37 $200,000 ($19,200) $1,808 21.476% $388 ($1) -0.2% 38 $300,000 ($10,200) $2,898 21.476% $622 ($1) -0.2% 39 $400,000 ($1,200) $3,988 21.476% $856 ($2) -0.2% 40 $500,000 $0 $5,000 21.476% $1,074 ($2) -0.2% 41 $600,000 $0 $6,250 21.476% $1,342 ($3) -0.2% 42 $750,000 $0 $8,125 21.476% $1,745 ($4) -0.2% 43 $800,000 $0 $8,750 21.476% $1,879 ($4) -0.2% 44 $900,000 $0 $10,000 21.476% $2,148 ($5) -0.2% 45 $1,000,000 $0 $11,250 21.476% $2,416 ($5) -0.2% 46 47 2019 CITY PROPERTY TAXES (WITH MARKET VALUE INCREASE) 48 49 Market 50 Value Homestead City Local City Property Percentage 51 2019 Market Value Tax Tax Capacity Property Taxes Tax 52 INCREASE OF Exclusion Capacity Rate Taxes Increase Increase 53 5.0%2019 2019 2019 2019 (Decrease) (Decrease) 54 55 $105,000 ($27,800) $772 21.476% $166 $11 7.3% 56 $210,000 ($18,300) $1,917 21.476% $412 $23 5.8% 57 $315,000 ($8,900) $3,061 21.476% $657 $34 5.4% 58 $420,000 $0 $4,200 21.476% $902 $44 5.1% 59 $525,000 $0 $5,313 21.476% $1,141 $65 6.0% 60 $630,000 $0 $6,625 21.476% $1,423 $78 5.8% 61 $787,500 $0 $8,594 21.476% $1,846 $97 5.5% 62 $840,000 $0 $9,250 21.476% $1,987 $103 5.5% 63 $945,000 $0 $10,563 21.476% $2,268 $116 5.4% 64 $1,050,000 $0 $11,875 21.476% $2,550 $129 5.3% 1 City of Medina 2019 Proposed Property Tax Scenario Residential Homesteads SCENARIO - GENERAL FUND LEVY PLUS 3.0% 2018 2019 2018-2019 Budget Proposed Change 1 City Tax Rate:21.523% 21.553% 0.1% 2 3 General Fund Levy:$3,229,026 $3,325,897 $96,871 4 5 Debt Service & Capital Levies:$675,791 $676,997 $1,206 6 7 Total Levy:$3,904,817 $4,002,894 $98,077 8 9 Change in Total Levy:2.5% 10 11 2018 CITY PROPERTY TAXES 12 13 Homestead City Local City 14 Market Market Value Tax Tax Capacity Property 15 Value Exclusion Capacity Rate Taxes 16 2018 2018 2018 2018 2018 17 18 $100,000 ($28,200) $718 21.523% $155 19 $200,000 ($19,200) $1,808 21.523% $389 20 $300,000 ($10,200) $2,898 21.523% $624 21 $400,000 ($1,200) $3,988 21.523% $858 22 $500,000 $0 $5,000 21.523% $1,076 23 $600,000 $0 $6,250 21.523% $1,345 24 $750,000 $0 $8,125 21.523% $1,749 25 $800,000 $0 $8,750 21.523% $1,883 26 $900,000 $0 $10,000 21.523% $2,152 27 $1,000,000 $0 $11,250 21.523% $2,421 28 29 2019 CITY PROPERTY TAXES (WITH NO MARKET VALUE CHANGE) 30 31 Market Homestead City Local City Property Percentage 32 Value Market Value Tax Tax Capacity Property Taxes Tax 33 2019 Exclusion Capacity Rate Taxes Increase Increase 34 NO CHANGE 2019 2019 2019 2019 (Decrease) (Decrease) 35 36 $100,000 ($28,200) $718 21.553% $155 $0 0.1% 37 $200,000 ($19,200) $1,808 21.553% $390 $1 0.1% 38 $300,000 ($10,200) $2,898 21.553% $625 $1 0.1% 39 $400,000 ($1,200) $3,988 21.553% $860 $1 0.1% 40 $500,000 $0 $5,000 21.553% $1,078 $1 0.1% 41 $600,000 $0 $6,250 21.553% $1,347 $2 0.1% 42 $750,000 $0 $8,125 21.553% $1,751 $2 0.1% 43 $800,000 $0 $8,750 21.553% $1,886 $3 0.1% 44 $900,000 $0 $10,000 21.553% $2,155 $3 0.1% 45 $1,000,000 $0 $11,250 21.553% $2,425 $3 0.1% 46 47 2019 CITY PROPERTY TAXES (WITH MARKET VALUE INCREASE) 48 49 Market 50 Value Homestead City Local City Property Percentage 51 2019 Market Value Tax Tax Capacity Property Taxes Tax 52 INCREASE OF Exclusion Capacity Rate Taxes Increase Increase 53 5.0%2019 2019 2019 2019 (Decrease) (Decrease) 54 55 $105,000 ($27,800) $772 21.553% $166 $12 7.7% 56 $210,000 ($18,300) $1,917 21.553% $413 $24 6.2% 57 $315,000 ($8,900) $3,061 21.553% $660 $36 5.8% 58 $420,000 $0 $4,200 21.553% $905 $47 5.5% 59 $525,000 $0 $5,313 21.553% $1,145 $69 6.4% 60 $630,000 $0 $6,625 21.553% $1,428 $83 6.1% 61 $787,500 $0 $8,594 21.553% $1,852 $103 5.9% 62 $840,000 $0 $9,250 21.553% $1,994 $110 5.9% 63 $945,000 $0 $10,563 21.553% $2,277 $124 5.8% 64 $1,050,000 $0 $11,875 21.553% $2,559 $138 5.7% 1 City of Medina 2019 Proposed Property Tax Scenario Residential Homesteads SCENARIO - GENERAL FUND LEVY PLUS 3.0% 2018 2019 2018-2019 Budget Proposed Change 1 City Tax Rate:21.523% 21.750% 1.1% 2 3 General Fund Levy:$3,229,026 $3,325,897 $96,871 4 5 Debt Service & Capital Levies:$675,791 $712,997 $37,206 6 7 Total Levy:$3,904,817 $4,038,894 $134,077 8 9 Change in Total Levy:3.4% 10 11 2018 CITY PROPERTY TAXES 12 13 Homestead City Local City 14 Market Market Value Tax Tax Capacity Property 15 Value Exclusion Capacity Rate Taxes 16 2018 2018 2018 2018 2018 17 18 $100,000 ($28,200) $718 21.523% $155 19 $200,000 ($19,200) $1,808 21.523% $389 20 $300,000 ($10,200) $2,898 21.523% $624 21 $400,000 ($1,200) $3,988 21.523% $858 22 $500,000 $0 $5,000 21.523% $1,076 23 $600,000 $0 $6,250 21.523% $1,345 24 $750,000 $0 $8,125 21.523% $1,749 25 $800,000 $0 $8,750 21.523% $1,883 26 $900,000 $0 $10,000 21.523% $2,152 27 $1,000,000 $0 $11,250 21.523% $2,421 28 29 2019 CITY PROPERTY TAXES (WITH NO MARKET VALUE CHANGE) 30 31 Market Homestead City Local City Property Percentage 32 Value Market Value Tax Tax Capacity Property Taxes Tax 33 2019 Exclusion Capacity Rate Taxes Increase Increase 34 NO CHANGE 2019 2019 2019 2019 (Decrease) (Decrease) 35 36 $100,000 ($28,200) $718 21.750% $156 $2 1.1% 37 $200,000 ($19,200) $1,808 21.750% $393 $4 1.1% 38 $300,000 ($10,200) $2,898 21.750% $630 $7 1.1% 39 $400,000 ($1,200) $3,988 21.750% $867 $9 1.1% 40 $500,000 $0 $5,000 21.750% $1,087 $11 1.1% 41 $600,000 $0 $6,250 21.750% $1,359 $14 1.1% 42 $750,000 $0 $8,125 21.750% $1,767 $18 1.1% 43 $800,000 $0 $8,750 21.750% $1,903 $20 1.1% 44 $900,000 $0 $10,000 21.750% $2,175 $23 1.1% 45 $1,000,000 $0 $11,250 21.750% $2,447 $26 1.1% 46 47 2019 CITY PROPERTY TAXES (WITH MARKET VALUE INCREASE) 48 49 Market 50 Value Homestead City Local City Property Percentage 51 2019 Market Value Tax Tax Capacity Property Taxes Tax 52 INCREASE OF Exclusion Capacity Rate Taxes Increase Increase 53 5.0%2019 2019 2019 2019 (Decrease) (Decrease) 54 55 $105,000 ($27,800) $772 21.750% $168 $13 8.7% 56 $210,000 ($18,300) $1,917 21.750% $417 $28 7.1% 57 $315,000 ($8,900) $3,061 21.750% $666 $42 6.7% 58 $420,000 $0 $4,200 21.750% $913 $55 6.4% 59 $525,000 $0 $5,313 21.750% $1,156 $79 7.4% 60 $630,000 $0 $6,625 21.750% $1,441 $96 7.1% 61 $787,500 $0 $8,594 21.750% $1,869 $120 6.9% 62 $840,000 $0 $9,250 21.750% $2,012 $129 6.8% 63 $945,000 $0 $10,563 21.750% $2,297 $145 6.7% 64 $1,050,000 $0 $11,875 21.750% $2,583 $161 6.7% 1 City of Medina 2019 Proposed Property Tax Scenario Residential Homesteads SCENARIO - GENERAL FUND LEVY PLUS 3.0% 2018 2019 2018-2019 Budget Proposed Change 1 City Tax Rate:21.523% 22.003% 2.2% 2 3 General Fund Levy:$3,229,026 $3,325,897 $96,871 4 5 Debt Service & Capital Levies:$675,791 $759,220 $83,429 6 7 Total Levy:$3,904,817 $4,085,117 $180,300 8 9 Change in Total Levy:4.6% 10 11 2018 CITY PROPERTY TAXES 12 13 Homestead City Local City 14 Market Market Value Tax Tax Capacity Property 15 Value Exclusion Capacity Rate Taxes 16 2018 2018 2018 2018 2018 17 18 $100,000 ($28,200) $718 21.523% $155 19 $200,000 ($19,200) $1,808 21.523% $389 20 $300,000 ($10,200) $2,898 21.523% $624 21 $400,000 ($1,200) $3,988 21.523% $858 22 $500,000 $0 $5,000 21.523% $1,076 23 $600,000 $0 $6,250 21.523% $1,345 24 $750,000 $0 $8,125 21.523% $1,749 25 $800,000 $0 $8,750 21.523% $1,883 26 $900,000 $0 $10,000 21.523% $2,152 27 $1,000,000 $0 $11,250 21.523% $2,421 28 29 2019 CITY PROPERTY TAXES (WITH NO MARKET VALUE CHANGE) 30 31 Market Homestead City Local City Property Percentage 32 Value Market Value Tax Tax Capacity Property Taxes Tax 33 2019 Exclusion Capacity Rate Taxes Increase Increase 34 NO CHANGE 2019 2019 2019 2019 (Decrease) (Decrease) 35 36 $100,000 ($28,200) $718 22.003% $158 $3 2.2% 37 $200,000 ($19,200) $1,808 22.003% $398 $9 2.2% 38 $300,000 ($10,200) $2,898 22.003% $638 $14 2.2% 39 $400,000 ($1,200) $3,988 22.003% $877 $19 2.2% 40 $500,000 $0 $5,000 22.003% $1,100 $24 2.2% 41 $600,000 $0 $6,250 22.003% $1,375 $30 2.2% 42 $750,000 $0 $8,125 22.003% $1,788 $39 2.2% 43 $800,000 $0 $8,750 22.003% $1,925 $42 2.2% 44 $900,000 $0 $10,000 22.003% $2,200 $48 2.2% 45 $1,000,000 $0 $11,250 22.003% $2,475 $54 2.2% 46 47 2019 CITY PROPERTY TAXES (WITH MARKET VALUE INCREASE) 48 49 Market 50 Value Homestead City Local City Property Percentage 51 2019 Market Value Tax Tax Capacity Property Taxes Tax 52 INCREASE OF Exclusion Capacity Rate Taxes Increase Increase 53 5.0%2019 2019 2019 2019 (Decrease) (Decrease) 54 55 $105,000 ($27,800) $772 22.003% $170 $15 9.9% 56 $210,000 ($18,300) $1,917 22.003% $422 $33 8.4% 57 $315,000 ($8,900) $3,061 22.003% $674 $50 8.0% 58 $420,000 $0 $4,200 22.003% $924 $66 7.7% 59 $525,000 $0 $5,313 22.003% $1,169 $93 8.6% 60 $630,000 $0 $6,625 22.003% $1,458 $113 8.4% 61 $787,500 $0 $8,594 22.003% $1,891 $142 8.1% 62 $840,000 $0 $9,250 22.003% $2,035 $152 8.1% 63 $945,000 $0 $10,563 22.003% $2,324 $172 8.0% 64 $1,050,000 $0 $11,875 22.003% $2,613 $192 7.9% 1 Recent History of Medina Parks Funding Submitted by: Park Commissioner Elizabeth Weir Under the past leadership of Park Commission Chair, Paul Jaeb, the Commission developed a map that planned future trails and parks for when the City would be fully developed. He expressed to the Council as early as 2009, during the Great Recession, that the City had no planned fund to support this anticipated infrastructure build-out. The Council’s response at that time, when budgets were under stress, was to ask the Park Commission to reduce the future park and trail mapping. The Commission responded with the reduced map that is part of the present, submitted Comprehensive Plan. This map does not plan for a fully built-out condition, and many proposed trails and park areas were eliminated. With all the development in Medina during the past 10 years, and the Park Dedication Fees that came in, the issue of setting up a long-term fund to support this reduced map has not been addressed. Many believed that the Park Dedication Fund could be used for Park equipment maintenance, but the Statute is clear: Minn. Stat. 462.358, subd.2b (A) (g) Cash payments received must be used only for the acquisition and development of parks, recreational facilities, playgrounds, trails, wetlands, or open space based on the approved park system plan. Cash payments must not be used for ongoing operation and maintenance of parks, recreational facilities, playgrounds, trails or open space. Subd. 2c. Nexus. (a) There must be an essential nexus between the fees or dedication imposed under subdivision 2b and municipal purpose sought to be achieved by the fee or dedication. The fee or dedication must bear a rough proportionality to the need created by the proposed subdivision or development. The Park Commission has undertaken to list and assess for age and longevity of all Medina’s existing park equipment and the state of trail repair and to come to the Council to seek a permanent, budgeted Municipal Park Fund to plan for long-term capital improvement needs in Medina’s well-used and much-loved parks and trails. With the input of the Park Commission, Medina has used its Statutory Park Dedication Funds well to acquire land and to build parks and trails to serve the City’s growing population and to maintain dedicated funding for future parks and trails as subdivisions come in. However, a named fund for park equipment and trail replacement has not been budgeted. Some of Medina’s older park and trail infrastructure is beginning to show its age. As with any infrastructure, the City must plan for the aging and wearing of equipment and trails on a CIP schedule, with a named and budgeted fund to support the health welfare and safety of park and trail users. Exhibit F