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La Pine approves $100,000 loan to Parks & Rec for Heritage Park splash pad
Summary
The council approved a low-interest $100,000 loan from the city general fund to the La Pine Parks & Rec District to support construction of a splash pad at Heritage Park; staff noted a discrepancy in the Parks & Rec agreement, which listed $150,000, and recommended approving $100,000 to avoid delay.
Council approved a motion authorizing staff to enter a loan agreement with the La Pine Parks & Rec District in the amount of $100,000 to support the parks district’s splash pad project at Heritage Park. Staff noted the parks district’s attorney listed a requested amount of $150,000 in an intergovernmental agreement, while the staff packet and amortization schedule indicated a $100,000 beginning balance; staff recommended approving $100,000, assuming the $150,000 figure was an attorney typo, to avoid delaying grant eligibility for the parks campaign.
The staff report described the loan as a low-interest (1%) loan amortized over six years, intended to help the Parks & Rec District show matching funds and qualify for additional grants. Council approved the motion on a unanimous roll-call vote. When asked where the loan funds would come from, staff stated the money will come from the city’s general fund (community fund).
