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5hLIa 4/16 <br />FUNDING STRATEGY FOR $5.5 MILLION YMCA FACILITY <br />1. YMCA OF GREATER ST. PAUL: $1,000,000 <br />2. YMCA OF MINNEAPOLIS: 1,000,000 <br />3. CITY OF LINO LAKES: 1,500,000 (plus land & infrastructure) <br />4. FUNDRAISING/PARTNERSHIPS: 2,000,000 <br />TOTAL: $5,500,000 <br />WHY SHOULD THE CITY CONTRIBUTE? <br />• A YMCA HAS A POSITIVE IMPACT ON A COMMUNITY'S IDENTITY <br />• A COMMUNITY CENTER COULD BE BUILT IN THE VILLAGE FOR $1.5 <br />MILLION IN PUBLIC MONEY VERSUS $5.5 MILLION, AND IT COULD BE <br />DONE WITHIN 2 YEARS <br />• CITY OWNED COMMUNITY CENTERS LOSE MONEY AND NEED A <br />CONTINUING INPUT OF PUBLIC DOLLARS FOR OPERATIONS AND <br />MAINTENANCE <br />• MEMBERSHIP DISCOUNTS TO ALL LINO LAKES RESIDENTS <br />• WEEKLY COMMUNITY DAYS AND FAMILY NIGHTS FOR NONMEMBERS <br />• YMCA OF THIS SIZE ATTRACTS 500 -800 UNITS OF MEMBERSHIP PER DAY <br />(FAMILIES /SINGLE MEMBERS) <br />• ECONOMIC DEVELOPMENT INITIATIVE: A YMCA IS A MAJOR <br />ATTRACTION FOR COMMERCIAL DEVELOPERS AND ESSENTIAL TO <br />SUCCESS OF THE VILLAGE <br />• OFFERS THE COMMUNITY AN OPPORTUNITY FOR COOPERATIVE <br />PARTNERSHIPS WITH CENTENNIAL SCHOOL DISTRICT AND FAIRVIEW <br />HOSPITALS <br />