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<br />WS – Item # 8 <br /> <br />WORK SESSION STAFF REPORT <br />Work Session Item No. 8 <br /> <br /> <br /> <br />Date: June 3, 2013 <br /> <br />To: City Council <br /> <br />From: Michael Grochala <br /> <br />Re: YMCA Bonding <br /> <br /> <br />Background <br /> <br />Council members Stoesz and Rafferty requested that the City’s agreement with the <br />YMCA fo r financing be placed on the work session agenda for discussion. <br /> <br />The city first endorsed financial support for the YMCA in 1999 by agreeing to provided <br />land, infrastructure and $1.5 million in construction funding. A development agreement <br />with the YMCA was first entered into in 2005. Following contin ued discussions an <br />amended agreement was approved by the City Council in 2006 providing $2,350,000 in <br />construction funding. <br /> <br />A copy of the report and authorizing resolutions from the March 13, 2006 City Cou ncil <br />meeting is attached . <br /> <br />Requested Council Direction <br /> <br />No action required. <br /> <br /> <br />Attachments <br /> <br />1. March 13, 2006 City Council YMCA Agenda Item.