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Fiscal Year X New this year to the proposed TEN-YEAR CAPITAL IMPROVEMENT PLAN is Year X. As major District facilities (such as Community Centers) approach 50 years of age or older, plans for future needs, funding sources, and implementation should be addressed. In total, staff has identified eight major projects (12 including the associated needs assessment) which total an estimated $56,000,000 in costs (estimate is in 2019 dollars). YEAR X Conejo Community Park — Replace Existing building $ 5,000,000 Borchard Community Park Needs Assessments $ 250,000 Borchard Community Park — Replace Existing Buildings $12,000,000 Thousand Oaks Community Park Needs Assessments $ 250,000 Thousand Oaks Community Park - Replace Existing Building $10,000,000 Old Meadows, Crowley House, and DWS Therapeutic Unit Facility Needs Assessments $ 250,000 Old Meadows Community Park - Replace Existing Building $ 4,000,000 Crowle House - Rehabilitate Existing Building $ 1,000,000 Develop Therapeutic Unit Facility $10,000,000 Dos Vientos Community Park Needs Assessments $ 250,000 Dos Vientos Community Park - Replace Existing Building $10,000,000 CommunityPool at CLU — Replace ExistingPool and Buildings $ 3,000,000 Major Funding Sources for Capital Projects Capital Improvement Projects are budgeted using funds from Park Dedication Fees, Assessment District 62-1, Landscape Maintenance Districts 92-1 and 94-1, various grants, donations and cooperative agreements. As shown in the proposed TEN-YEAR CAPITAL IMPROVEMENT PLAN, projected fund balances will be diminishing, and additional funding sources and opportunities will need to be evaluated and utilized in order to complete the future projects. Park Dedication Fees ("Quimby Fees') Money for new park development, recreation and facilities and major capital repairs and replacements has traditionally come from Park Dedication Fees or "Quimby Fees" connected to development of new residential dwellings. The District is divided into 6 geographic zones. When a new residential project pays its Quimby Fees to the District, the fees are earmarked for a CIP project within the same zone as the residential project. A portion of these funds may also be used to create or enhance facilities intended to serve the entire District (i.e. Conejo Creek Park). As the City approaches build -out, the Park Dedication Fee revenue source will continue to diminish (however, development in the Thousand Oaks Specific Plan has led to recent Quimby Fees collected as well as potential future Quimby Fees). This current fiscal year, to date, Quimby Fees have generated $474,895. Historically, for the past ten years, Park Dedication Fees have been: