Land Inholdings Acquisitions: The Futures II Committee was presented an inventory of all of the 

 park inholdings, private lands within or adjoining parks, which are vital to the operation of the park 

 or to protect the resources within a park. This inventory did not have land values on all of the listed 

 parcels because some of the values are unknown and others are not conceivable to acquire. Of the 

 listed parcels with prices, the value is estimated to be $2.5 million. Assuming a 50% match on one 

 half of the parcels using LWCF and a ten- year acquisiuon schedule, the parks program needs 

 $187,500 per year to acquire inholdings, plus authority to spend the associated federal LWCF. This 

 figure does not include acquisition of new parks. 

 Funding Need: $187,500 per year 



Major Maintenance, Deferred Maintenance and Capital Construction: The Futures 

 Committee was provided with several pieces of information about capital construction. In the last 

 ten years state parks have done $30.5 million in capital repairs, rehabilitations and improvements to 

 state parks, and the parks system today reflects these improvements. Nominally this has left $36 

 million in needed maintenance, repairs and enhancements. It is safe to assume the useful life of 

 capital construction projects to be 20 years. It is also fair to assume that the existing needed capital 

 projects cannot be accomplished in less than a 10- year period. As the final project is complete in 10 

 years, then the first project done 11 years ago will be ready of major renovation. Therefore, 

 assimiing a 20- year useful life and $36 million in current needs and $30 million in current assets also 

 with a 20- year life, it will require $3.3 million per year to maintain current level asset conditions 

 within the capital construction program. It fair to assume that 25 percent of this capital construction 

 cost will be covered by federal funding each year. 

 Fundii^ Need: $2.5 million per year 



25 



State Parks Futures Convrittae, DeoerrherJ, 2002 



