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R-98-11-12-10A3 - 11/12/1998WHEREAS, the Parks and Recreation Department has submitted a proposed budget for the Park Development Fund for fiscal year 1998- 99, and WHEREAS, the City Council wishes to approve said proposal, Now Therefore BE IT RESOLVED BY THE COUNCIL OF THE CITY OF ROUND ROCK, TEXAS, That the budget for the Park Development Fund submitted by the Parks and Recreation Department for fiscal year 1998 -99, attached hereto as Exhibit "A ", is hereby approved. The City Council hereby finds and declares that written notice of the date, hour, place and subject of the meeting at which this Resolution was adopted was posted and that such meeting was open to the public as required by law at all times during which this Resolution and the subject matter hereof were discussed, considered and formally acted upon, all as required by the Open Meetings Act, Chapter 551, Texas Government Code, as amended, and the Act. RESOLVED this 12th day of November, 1998. ATTEST: K. \WPDOCS \RESOLDTI \R6111]A], WPD /sOg 41 ANNE LAND, City Secretary RESOLUTION NO. R- 98- 11- 12 -10A3 REVENUE: EXPENDITURES: EXHIBIT "A" PARK DEVELOPMENT FUND BUDGET 1998 -1999 Fund Balance $118,734 Sports League Fees 11,170 Jr. Golf 125 Kiwanis Donation 7,500 Developer Contributions 2,929 Interest Income 7,364 TOTAL $147,822 McNeil Park Sports Complex Lighting Repairs $ 1,500 Scoreboard (Bluff) 8,273 Contingency 5,000 Old Settlers Park at Palm Valley Handicapped Accessible Playground 7,500 Youth Sports Contingency 70,620 Veterans Park Playground Restoration Vehicle Contingency 30,000 21,000 3,929 TOTAL $147,822 DATE: November 5, 1998 SUBJECT: City Council Meeting — November 12, 1998 ITEM: 10.A.3. Consider a resolution adopting a budget for the Park Development fund This account is funded through a variety of sources such as developer contributions, donations, league fees, and interest income. Budget Highlights: • McNeil Park Sports Complex — the majority of facility improvement costs are bore by the teams. Seasonally teams are assessed after. • OSPV Playground — the noon Kiwanis Club has donated $7,500 to develop a handicapped accessible playground. • Youth Sports — the Council established this account for youth sports association to apply for matching funds to make facility improvements. • Veterans Park — staff is working with the neighborhood association to make playground and park improvements. • Vehicle — funds were set aside last year and carried forward to provide a truck for the Urban Forester position.