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1989 Water and Sewer Bonds - Connection Charges <br />August 23, 2000 <br />Page 8 <br />C. <br />D. <br />The City will be making efforts to acquire the property at 3770 Shoreline Drive to <br />complete its acquisition of a five-acre park area to serve the Navarre residents. A <br />portion of the connection charge revenue could be designated to the Park Fund for <br />this purpose. <br />When the City eliminated the Building Outlay Fund in favor of creating the <br />Community Investment Fund, it eliminated the Building Outlay Fund as a source of <br />future funding for repairs and rehabilitation of the City facilities' buildings. A <br />portion of the future connection charges could be placed into a fund designated for <br />future repair and rehabilitation of the City facilities.