This request is for reimbursement of half the acquisition costs for the last remaining privately owned waterfront property, the Miranda Property, within Wapato Park. For the past 22 years, Metro Parks has worked to purchase privately owned properties within Wapato Park. Previous attempts to purchase this parcel failed due to the desirability of lakefront property. When the property came on the market in 2007, Metro Parks was finally able to successfully negotiate acquisition. At 34 acres Wapato Lake is the largest lake within the city limits of Tacoma. Since 1889 Wapato Lake has provided visitors with a wide variety of seasonal recreational opportunities including fishing, paddle boating, swimming, and model boat racing. The Miranda Property acquisition provides the public with the missing 45' link along the shoreline that will enable us to complete the multipurpose trail system around the lake and provide additional access opportunities for fishing, paddleboats, and model boat racing. The existing trail system is a popular park amenity and provides year-round opportunity for recreation. Acquisition of this property was considered a high priority by the community and Metro Parks, and is essential for implementation of the lakeside trail system included in 2005 Wapato Master Plan. Reimbursement funds will allow us to move forward with the development of the trail system, improved water access features, and other recreation improvements included in the park master plan.