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May 25, 2006 Page 3 Relative to park facilities, Friedl said that the largest project completed in this fiscal year is Sycamore Neighborhood Park in Dos Vientos, the second notable accomplishment is the installation of lights at the Conejo Creek Dog Park, and the largest of the CIP projects are currently "paper projects" such as Lang Ranch Community Park, McCrea Ranch, and Conejo ' Creek Southwest, which are important if and when funds become available. Relative to funding, Friedl said that Quimby Fees have generated approximately $2,000,000 this fiscal year, which is unusually high due to a few large projects and high land values; the past year Santa Monica Mountains Conservancy (SMMC) awarded the District a $750,000 grant for the preservation and restoration of the McCrea Ranch; and a significant source of capital funds is expected to be generated through a cooperative agreement involving the City of Thousand Oaks, Conejo Valley Unified School District, CRPD and Shapell Industries. Friedl identified projects, such as repairs, beautification, maintenance and improvements, that are the result of cooperative ventures with community partners at such locations as Stagecoach Inn, Chumash Interpretative Center, Walnut Grove Equestrian Center, and the equestrian site at Conejo Creek West. Additionally Friedl identified projects not in the Capital Projects Budget, which will be worked on in the coming months, including Dos Vientos playfield site, Teen Center gymnasium, and relocation of Conejo Service Yard. Continuing, relative to the Capital Improvement Projects for 2006-07, Friedl said that the five largest projects include Conejo Creek South Phase II, Lang Ranch Community Park, McCrea Ranch, Community Aquatics Center at Califomia Lutheran University (CLU) and Northwood Neighborhood Park. In response to Friedl's observation that a nonprofit support agency would be beneficial for the McCrea Ranch, Holt suggested that Conejo Valley Historical Society be considered. Gibson requested considered be given to installation of safety nets at Borchard playfields. Jacobsen requested a list of all remaining undeveloped District sites.