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Looking to the future, staff is working on or anticipates activity with a range or projects including: <br /> Staples Ranch Community Park <br /> Staples Ranch Neighborhood Park <br /> Downtown Corridor Parking <br /> Bernal /Foothill Bridge <br /> Bernal Park Phase II Lighted Sports Fields <br /> Aquatic Center Improvements <br /> Library Space Needs <br /> Lions Wayside Park Improvements <br /> As is typical with City projects, the facilities listed above will not generate any significant revenue to <br /> address their operations unless the Council adopts new cost recovery policies that deviate significantly <br /> from current practice. As a result, consideration will need to be made regarding new or expanded <br /> funding sources and the impact that operating and maintaining these improvements will have on the <br /> General Fund <br /> To address these needs, the Council's comprehensive priority setting process resulting in an Annual <br /> Work Plan that identifies and prioritizes key projects and programs, is a critical step in using available <br /> funding in a manner that best meets community needs. While the development of these facilities <br /> represents an exciting challenge for the community, previous financial planning efforts designed to meet <br /> long term community CIP needs will most likely be inadequate to fully fund these projects. As a result, <br /> the Council will most likely engage in activities such as the Bernal Property Funding Plan or the <br /> Vineyard Corridor Plan as examples of future funding strategies. As a result, staff anticipates that <br /> additional financial analysis and an increased emphasis in developing priorities and phasing of facility <br /> improvements will be necessary as we move from the planning to design phase for these facilities. <br /> Staff is confident this plan addresses the City's current capital improvement requirements and through <br /> the collective efforts of the Council and the community, these future challenges will be met in a way that <br /> maintains the high quality of existing streets, facility and utility infrastructure and allows for the <br /> development of new facilities in a cost efficient and effective manner. <br />