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AGENDA ITEM 4B <br />STAFF ORIGINATOR Brian Wessel <br />DATE: 3/8/99 <br />TOPIC: Resolution No.99 -12 endorsing city participation in <br />the construction of a YMCA in The Village <br />VOTE REQUIRED: Simple majority <br />BACKGROUND: <br />This resolution provides $1.5 million in financial support from the City of Lino <br />Lakes for the construction of the YMCA. It also endorses the use of city owned <br />land in the Village and the provision of infrastructure for the project. Providing <br />this commitment enables the YMCA to move forward in securing its own <br />financing and commitments from other entities. The city's participation also <br />provides an impetus for continued fundraising within the community. <br />The city's commitment to the project is based on the YMCA and the city reaching <br />satisfactory agreement on the terms of the city's participation and its benefit to <br />Lino Lakes residents. It is also contingent upon the satisfactory completion of all <br />financial details. <br />1. Adopt Resolution No. 99-12 endorsing financial support for the construction of <br />the YMCA in Lino Lakes. <br />2, Retum to staff for further consideration <br />RECOMMENDATION: <br />Option 1 <br />