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Capital Maintenance and Park Infrastructure Improvements

The capital program allots approximately $450,000 each year for capital
maintenance, park infrastructure improvements and service facilities. This will
keep existing steck in good repair and replace aging or unsafe structures. Each
years additions to the physical plant must be maintained and ultimately

upgraded or replaced.

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The land acquisition program for the Regicnai Park system began In 1968 and
is now at a “mopping up” stage. The objective in the 1991-1997 periad is to
continue responding to willing sellers and to complete as many purchases as
possible, while pursuing surplus property sales at Crippen Regional Park.
Revenue from surplus property is allocated to land acquisition costs and

purchases. ;

Land Purchases

Consistent with the policy adopted in the Year 2000 Pian, capital borrowing will
fund most property acquisition other than minor purchases and costs associated
with public land transfers funded by a $200,000 contribution to capital from
rental income. The flow of purchases is indeterminate, as opportunities arise to

acquire small parcels ramaining in eight parks.

About $840,000 in property expenditure is expected in hoe: Capital borrowing

for these expenditures is shown in the Squrce 4 tf a}
(Schedule 2) with resulting debt charges included in the Revenue ane
ure Summary (Schedule 1). Future years’ acquisition are at best a

quass, as willing seller opportunities and future market values are difficult to
groject. Nevertheless, $4,040,000 Is projected in land acquisition costs for
4991-97. This leaves roughly estimated $1,000,000 in land purchase costs

(1991 dollars) at the end of the period.

if purchase opportunities do arise they should be taken even if in excess of the
year's projected expenditure as they are each finite, non-recurring costs.

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