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Item 4E SPDC Matching Funds Request 2013 Leadership Southlake Class Item 4E Approval of: SPDC Matching Funds request for a 100% match of a cash contribution towards the development of signage for the BJNCP Requested Action Background Information Leadership Southlake Southlake Chamber of Commerce Training for Southlake business executives Comprehensive look inside Southlake Goal of project to leave legacy for Southlake 2013 Class chose Bob Jones Nature Center & Preserve Background Information Class worked w/Director Chris Tribble & Bob Jones Nature Center Board on project SPDC Matching Funds Policy: CS Director & Park Board recommends project based on policy criteria SPDC & City Council considers funding aspects of the project Decision should be based on… Is the project consistent with the overall intended use of Bicentennial Park as per adopted Southlake 2030 PROS/CF Master Plan? Does it meet SPDC Matching Funds Project Evaluation criteria? Linked to City’s Strategy Map and Focus Areas Related to current funded CIP project and 5-yr CIP Benefit Southlake residents Enhance current parks and recreation system asset Assist with acquisition of a capital purchase Has useful life of at least 5 years Accelerates completion of CIP or PROS/CF Master Plan project What’s the Overall Benefit to Southlake residents? Return SPDC Matching Funds Budget Current Available Balance $379,506 (No matching funds for FY 2013 to date) Leadership Southlake Request -$ 25,000 Balance $ 354,506 Financial Considerations Board / Council Review Park Board recommended (5-0) April 8, 2013 SPDC & City Council to consider April 16, 2013 Questions?