REGULAR AGENDA REQUEST

Sponsor:

Board of Supervisors Meeting Date: 

Joe Winkelmann , Center Magisterial District

March 18, 2002

Staff Lead:

Department: 

Larry Miller, Parks and Recreation Department

Parks and Recreation

Topic:  A Resolution to Approve Allocation of the Proceeds from Investment of the Distribution from the Paul Mellon Estate, Approve Use of a Portion of the Proceeds from Investment of the Distribution from the Paul Mellon Estate, Approve Use of the Balance of the Current Funding for the Northern Sports Complex and Community Park, and Approve the Goals and Criteria for the Planning of the Northern Sports Complex and Community Park

 

Topic Description:

The Parks and Recreation Board has prepared a paper on  the Issues/Information/Discussion/Decisions that need to be addressed in order to initiate planning for this project.  The complete document is enclosed for Board review.

 

Requested Action of the Board of Supervisors: 

The four major action items are included in the enclosed resolution and are outlined below:

Recommended that the interest from the distribution principal be retained for the northern complex

Recommended that a Park Manager be hired from the interest proceeds to assist with management of the project and details associated with the project.

Recommend that the funds remaining in the northern complex CIP account be distributed to the central and southern complex sites

Recommended a set of goals and criteria for the project to guide planning

 

Financial Impacts Analysis:

Retention of the interest on the distribution for this project requires no funding from the County but increases the funds available for this project; likewise the employment of a Park Manager is recommended from the interest proceeds and therefore requires no funding from the County; the reallocation of existing funds likewise requires no additional funding by the County; and the goals for the project are to guide the project within the funds allocated

Identify any other Departments, Organizations or Individuals that would be affected by this request:

Finance Department

County Attorney

Fauquier Youth Sports Coordination Council