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Conejo Recreation & Park District GENERAL MANAGER BOARD OF DIRECTORS Jim Friedl Chuck Huffer, Chair George M. Lange, Vice Chair Susan L. Holt, Director Nellie Cusworth, Director Doug Nickles, Director GENERAL MANAGER EMERITUS Tex Ward DATE: July 18, 2019 TO: Board of Directors FROM: Jim Friedl, General Manag SUBJECT: Request for Qua I!ficati roposals for a Public Finance Consulting Firm to Assist District with Evaluation of, and if Feasible, Creation of a Revenue Measure to be Considered by Voters RECOMMENDATION Authorize General Manager to issue a Request for Qualifications l Request for Proposals seeking a consulting firm to assist the District with the evaluation of, and if feasible, creation of, a revenue measure. DISCUSSION On June 20, 2019, the CRPD Board of Directors held a study session regarding possible revenue measures available to recreation and park districts in California. A community conversation regarding a possible revenue measure is ripe for discussion because the District still has some unfinished long -planned parks and facilities to complete, and as the District ages, costs for rehabilitation, and enhancement, (and associated maintenance and operations) of existing capital facilities and infrastructure will continue to climb. In addition, COSCA — the joint powers authority open space agency with the City of Thousand Oaks — has identified approximately 1,000 acres of privately -owned parcels which have open space value and are identified as priority acquisition parcels. Lastly, as this community input and survey process unfolds, residents may identify other unmet park, recreation and open space needs. A reliable and robust land acquisition and capital facility revenue source from the first 40 years of the District's history - Quimby fees from development of new housing - has slowed and will likely remain so as the community approaches residential buildout. At the conclusion of the June study session, the Board created an ad hoc committee (Chair Huffer and Director Cusworth) to meet with staff and discuss the information from the study session and return to the board with recommendations. The ad hoc committee and staff met on July 8, 2019. Of the various revenue measures discussed during the study session, a Community Facilities District (CFD) seems most appropriate given the nature of the District's needs. Although it does require a 213 vote, making it a heavy lift politically, a CFD does have financial and legal ADMINISTRATIVE OFFICES 403 West Hillcrest Drive • Thousand Oaks, CA 913604223 (805) 495-6471 - FAX: (805) 497-3199 • Email: parks@crpd.org • Website: www.crpd.org