11/01/1999 Park Board Packet - Laserfiche WebLink

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• • • COUNCIL WORK SESSION APRIL 8, 1998 viable project. This site is not their first choice for a new Y but they will build here if the City contributes to the project. At this time, the Y is seriously looking at whether or not it is feasible to do a fund raising project for this particular Y. The Y Executive Committee has expressed concern because there will be a limited chance to do fund raising. Staff was asked to explain what the Y brings to the Town Center and the community. Staff responded it would be a gathering place, the area would be recognized by the fact that the Y is there, it would be an amenity for the people who will live in that area and it would be a drawing point to get people to come to the Village. The City would have a recreation facility without the maintenance and management problems. Payment for the City portion of the Y would be through a lease /purchase bond, which would be scheduled for 1999. Council Member Lyden said that he is against the financing that is pr a e felt that the land and the infrastructure are enough incentive from the Ci Staff asked if the Y was not funded to the level requested ., .i d it ` =s three (3) to five (5) years longer to build the Y, what does th. do t Town Center? Staff explained that the Y may no longer be inte Ql =;,� ite the very least, it would make the retail plaza less viable. Mr. ° gg< that there be more discussion with the Y. Ms Divine explained ove e next four (4) to five (5) years the Y will build something. They '� ,�fi'.est deal. Council Member Neal sail, _, $1,500,000 of financia vor�° e Y and said he would support Council Member is also in f sal ° e was in favor of the concept of a community center. He g something and letting somebody else operate it. Council Me ' I . noted that sometimes an area is over flooded. What happens if the Y fails? Staf plained that the Y is a non - profit organization and is very careful about going into competition with each other or other community centers. This particular Y could be partially owned by the City and the contract would outline how the City will be protected. A market study has already been completed and it shows the need for a community center in this area. In addition, Fairview Clinic and the Centennial School District are both interested in becoming a partner in this Y. Council Member Dahl said that she agreed with Council Member Lyden. Mayor Sullivan explained that the 20/20 Vision project and the Quality of Life Survey strongly indicated that the residents want a community center. She suggested that the City support the Y if they could raise a particular level of financing.