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<br />Five Year Capital Improvement Plan sed ark <br />The Five Year Capital Improvement Plan on the following pages includes a list of all propo p <br />each yearr.. an <br />These costtssrwillll be rrev ehwed and dupdaof financing, an <br />improvements, an estimated cost of each <br />estimated annual maintenance <br />Implementation of the park improvements will be funded through several methods of financing <br />including: <br />Revenue Sharing - An annual allotment of revenue sharing funds will lower the amount of monies <br />needed in yearly budget requirements. ll reflect for <br />plan may n cessiittate <br />Annul Park Budgets -fie park u rk 1977 to 181 Imp eimentat obnoof this <br />park development and increased pa <br />increased expenditures for maintenance personnel. <br />Federal and State Grants - The City will apply for grants that will aid in park development in <br />accordance to the Five Year Comprehensive Plan. <br />Tax Forfeits - It is anticipated that several parcels of parkland can be acquired through Tax Forfeit <br />proceedings. <br />Bond Issue - The city will seek a bond issue to fund approximately 20% of the total expenditures <br />outlined in this plan. <br />Dedication - As new areas of the city are developed, additional park land can be obtained <br />through the present Park Dedication Ordinance. <br />50