Item 5D. City of Bloomington 5-Year Capital Improvement Program and 2026 Asset Management Program
Superintendent's Recommendation:
MOTION TO APPROVE THE PROPOSED FIVE-YEAR CAPITAL IMPROVEMENT PROGRAM AND 2026 ASSET MANAGEMENT PROGRAM FOR THE BLOOMINGTON PARTNERSHIP.
Background:
At the 12/19/24 Board of Commissioners meeting, the Park District entered into a partnership agreement with the City of Bloomington for operation of their regional parks (see attached).
The agreement spells out the responsibilities of both parties. It indicates the Park District will work with the City on the development of a 5-year Capital Improvement Program (CIP). It also indicates we will be responsible for completing the projects with funding from the City's share of Metropolitan Council funding and Legacy funds.
The agreement also indicates the Board will adopt the CIP. The first year of the CIP will become the Asset Management Program for 2026.
Relationship to the System Plan:
The Request for Action supports the following goal(s) of the System Plan:
Goal 1: You Belong Here
Goal 2: Parks Matter
Goal 3: Lead by Example
Attachments:
Bloomington_TRPD_Regional_Park_System_Agreement_2024_1219.pdf
