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Plan calls for updated impact-fee analysis, RDA and grants to pay for parks expansion
Summary
Staff recommended updating the Impact Fee Analysis and using a mix of funding—general fund, park impact fees (statutorily restricted to capacity-expanding capital), RDA/HTRZ, grants, sponsorships, GO bonds and levies—to implement the Parks Plan.
The Parks Plan lays out an implementation strategy that relies on multiple funding streams and next steps to prepare the city to finance targeted park and trail projects. The plan instructs staff to update the Impact Fee Analysis and Impact Fee Facilities Plan to reflect new population projections and the plan’s project lists.
The document explains that Park Impact Fees are regulated by state law and may be used only for projects that expand capacity (land acquisition and capital projects), not for ongoing operations. It highlights local tools including Redevelopment Agency (RDA) funds, the Housing Transit Reinvestment Zone (HTRZ) (downtown HTRZ status secured in 2024) and the potential use of General Obligation bonds or dedicated operational levies for major capital and operations needs. The plan also recommends pursuing grants, philanthropy, and sponsorships to meet match requirements and expand funding options.
Staff materials recommend public engagement before any voter-approved funding measures and call for collaboration with Granite School District and other partners to secure sites and project match funding.
