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A summary of each Fund along with the improvements proposed within the first five years is included on the <br /> following pages. Each summary includes a description of the improvements, and potential funding sources. <br /> PARKS CIP <br /> The Parks CIP includes playground equipment purchases and replacement, land purchases, and replacement of <br /> dock top sections (5% per year) and dock replacements. It is the City's philosophy to schedule park <br /> equipment replacement on a regular basis. The expected life of playground equipment is 15 to 20 years. <br /> Playground equipment is currently located in Hackberry Park, Bederwood Park, Crystal Bay Park, and <br /> Navarre Park. The City has 10 to 12 docks that should be replaced every 10 to 15 years. Park Benches and <br /> tables should be replaced every 10 years. <br /> Proposed Improvements <br /> 2014 <br /> • Future Park Expansion - $250,000 <br /> • Dock Top Section(Replace 5%per Year)- $800 <br /> 2015 <br /> • Dock Top Section (Replace 5% per Year)- $824 <br /> 2016 <br /> • Dock Top Section(Replace 5% per Year)- $849 <br /> 2017 <br /> • Dock Top Section (Replace 5%per Year)- $874 <br /> • Dock Replacement-$4,000 <br /> 2018 <br /> � Dock Top Section(Replace 5%per Year) - $900 <br /> Potential FundinQ Sources <br /> • Park Fund <br /> � Grants <br /> 3 <br />