06-24-13 Council Packet - Laserfiche WebLink

Home Search

CITY COUNCIL WORK SESSION June 3, 2013 DRAFT 5 YMCA to provide a new facility here by Legacy , with the city contributing some 179 financing. By 2006 the YMCA had raised funds and was proposing a project. It wasn’t 180 the project the city wanted in terms of size however . The 45,000 square foot facility that 181 was developed included a city contribution of $2.3 million in bonding that is paid 182 annually (for 15 years) at a fairly level rate. There was also conduit debt up to about $3.5 183 million, allowing the YMCA to use city authority for the bonds, with no risk to the city. 184 Provisions were made in return such a s specials for city residents, many of which have 185 expired. There was some value calculated f or those provisions. There is language in the 186 deed document not allowing sale of the property without purchase rights to the city. The 187 council requested that staff provide an update on what provisions are still offered. 188 189 The Mayor noted the vacant gree n space in the Legacy area and asked if it could be used 190 for something like recreation. He suggested Frisbee golf. Community Services Director 191 DeGardner said he have to research possibilities; any use like that would be temporary 192 since the land is inten ded to be developed. 193 194 Review Regular Council Meeting Agenda of June 10, 2013 . The agenda for the 195 upcoming council meeting was reviewed. 196 197 Item 1A, City Expenditures - Council Member Rafferty posed some questions about 198 tuition reimbursement, fleet gasolin e costs and how costs are monitored. 199 200 There were no other changes to the regular Council agenda. 201 202 The meeting was adjourned at 8:35 p.m. 203 204 These minutes were considered, corrected and approved at the regular Council meeting held on 205 June 24, 2013 . 206 207 208 209 210 Julianne Bartell, City Clerk Jeff Reinert , Mayor 211 212