|Address||5334 5th Street NE|
|Start Date||May 2026|
|End Date||August 2026|
|Current Status||Implementation Planning|
|Park Type||Mini Park|
Jubilee Park serves more than 700 residents in conjunction with Oak Hill Park. This park has an alley on one side with a chain link fence that detracts from the overall character and contains a playground with a bench, a walk connection and a picnic table.
Recommendations and Estimate of Probable Costs
General recommendations include redevelopment of the site with a focus on providing complementary types of recreation from Oak Hill for expanded recreation opportunities within these neighborhoods to meet broader needs and demographics.
- Landscaping enhancements
- Basketball half court with striping overlay for hopscotch and four-square
- Unique shelter or shade structure with seating beneath it
- Unique or challenge equipment that feels more artistic
- Public art/gateway features
- Trail/walk connectons
- Security light
The estimate of probable costs for completing the recommendations shown range from approximately $207,000 to $260,000.
A total of $50 million in possible park system improvements were identified in the Park Plan. Based on resident input, Fridley City Council directed staff to work with a Park Plan Refinement Task Force advisory group to recommend $30 million in park projects that would be most impactful to the community.
Further, a resident Finance Task Force recommended funding the park system improvement plan by issuing General Obligation (GO) Tax Abatement Bonds for $20 million in bond proceeds, being repaid over no more than 15 years, with an additional $10 million to come from other City of Fridley funds.
Tax abatement is a tool that can be used by cities to abate all or a portion of property taxes levied by the City for a given purpose, such as public infrastructure improvements. All taxpayers, whether identified as an abated parcel or not, will continue to pay property taxes as they normally would. Minnesota Statute 469.1813 gives cities authority for tax abatement, and this has become an increasingly common means of funding park improvements, as they provide benefit to all residents. A requirement is holding a public hearing for the consideration of tax abatement, and that was held on May 23, 2022.The bonds will be repaid over 15 years with annual debt service payments being levied for and it is likely there will be an increase in property taxes beginning in 2023.
This plan will provide many opportunities for expanded recreation programming, enjoyment of nature and social gatherings. Enhancing and modernizing the city park system will position Fridley as a great place to live, work and play now and for many years to come.