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"POLICY ].7. -.When regional recreation open space land is owned by one <br />agency, and when that agency, the Metropolitan Council and an implementing <br />agency all agree that transfer of the land to the implementing agency is <br />desirable, the Metropolitan Council shall make a grant to the implementing. <br />agency to reimburse the initial agency for the actual local-fund capital. <br />investment which that agency has made in the land being transferred." <br />The policy language can be interpreted as approving bond interest payments for <br />reimbursement. In the Eden Prairie action, it was not so construed and <br />interest costs were not reimbursed. Thus, a precedent exists for denying the <br />request. When it took action to approve the master plan, New Brighton Council <br />was aware of the $750,000 entry in Recreation Open Space Capital Improvement - <br />Program for the buy out. .That figure originated with the City and must have <br />been in the City Council's mind at the time of their action. Thus no <br />committment to a higher figure has been understood, as none has been made. The. <br />interest costs to New Brighton are less than the amount Metropolitan Council <br />will spend in development in this regional park over the next bienniums, <br />otherwise a cost to New Brighton. <br />CONCLUSION <br />1. The Long Lake-Rush Lake Regional Park master plan is adequate to review and <br />is' consistent with Council Policies. <br />2. Despite limitations in certain recreation capacities, the regional park, if <br />developed according to this plan, will be a valuable addition to the <br />Recreation Open Space system. <br />3. New Brighton and Ramsey County have developed a joint powers agreement <br />which will allow development and operation of the regional park. <br />4. The petition for preparation of an Environmental Impact Statement and the <br />environmental concerns expressed therein are of concern to the Metropolitan <br />Council because they affect a component of the Recreation Open Space <br />System. Review and approval of the Master Plan and acquisition grant will <br />not interfere with the EIS process, where the accompanying development <br />grant is approved contingent upon completion of the EIS process. <br />Environmental concerns regarding park impact upon Long Lake water qua lity <br />.and preservation of wildlife, vegetation and habitat can be addressed in <br />the Master Plan approval process. <br />5. New Brighton has incurred expenses in the acquisition of Long Lake park <br />land. The Council has reimbursed Eden Prairie for similar expenses and <br />should do so for New Brighton. <br />h. "Future interest costs" are not eligible for reimbursement. Because of <br />earlier understandings and the Eden Prairie precedent, past interest costs <br />should not be reimbursed. <br />7. Development proposed for phase one is consistent with the master plan and <br />with Council recreation open space policy. <br />