PARK TAXONOMY
A park that stretches for a long distance; typically along a water or natural corridor
What is a Linear Park
A plan that guides comprehensive development in a community from roads and parks to residential construction over an extended period; typically 10 years.
What is a Comprehensive Plan
Financing a park project through developer contributions to alleviate calculated stress on public services
What is an Impact Fee or Proffer
The process of purchasing a property via a warranty deed
What is a Fee Simple purchase
A large park 100+ acres in size intended to serve the large swaths or quadrants of the population
What is a Regional Park
A plan that specifies the arrangement and relationship of elements and features to be constructed on a single or across multiple properties
What is a Park Master Plan
An alternative method of gaining funding for capital projects that doesn't require voter approval; rates are typically higher than bonds
What is Bank Financing or Long Term Financing
The process by which a buyer takes partial ownership of real property
What is an Easement
A tiny park found in urban areas; typically between buildings
What is a Pocket Park
A document that guides the development of all parks across an entire community as well as recreation programs
What is a System-wide Master Plan or Parks and Recreation Master Plan
Financing a project through projected property tax revenue as a direct result of the development
What is Tax Incremental Financing or TIF
A trail for recreational boating
What is a Blueway
A set of drawings that are permitted and used for construction of parks and facilities
What are Construction Drawings or CDs
The process by which voters must approve a local government to issue bonds
What is a Referendum
A multi-use trail constructed to similar standards as roadways and intended to promote alternative transportation
What is a Greenway or Bike Path
A plan that specifies the arrangement and relationship of elements and features to be constructed for a specific site with greater constructability details than a park master plan
What is a Site Plan
Financing instrument commonly used by local governments; backed by full faith and credit of the taxing body/authority
What is a General Obligation Bond
A park 10-100 acres in size that serves multiple neighborhoods
What is a Community Park
A plan that stipulates PAYGO (or cash) funding for park development projects; typically over a 5 year period
What is a CIP or Capital Improvement Plan
A independent agency that has the authority to issue tax-exempt, "private activity bonds" for qualifying projects with public benefit
What is a Development Authority or Industrial Development Authority