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CMP Part 4E. Park. Open Space and Trail Plan <br />Funding for Aeouisition of New Lands and Facilities <br />Orono currently provides funding for park, open space and trail needs by three <br />specific methods: 1) mandatory developer contributions of land or cash <br />payments to the Park Dedication Fund at the time property is subdivided or <br />developed; 2) transfers from the Citys General Fund; and 3) private <br />contributions of land or funds. <br />As Orono becomes fully developed over the next two decades, the amount of <br />money collected via required Park Dedications as a result of new development <br />will decrease substantially. Funding for the acquisition of park lands and for <br />improvement of existing facilities will require alternative sources of capital in <br />the future. The City will continue to investigate mechanisms for future funding <br />(such as user fees, grants, etc.) and will continue to encourage private donations <br />of land or funds in order to maintain the level of active and passive recreation <br />opportunities desired by Orono residents. <br />City of Orono Community Management Plan 2008-2030 Page 4E-40 <br />