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• <br />AGENDA ITEM 6B <br />STAFF ORIGINATOR: Mary Alice Divine <br />DATE: August 14, 2006 <br />TOPIC: Consideration of Resolution No. 06 -132 Approving an <br />Addendum to the Development Agreement between <br />the City of Lino Lakes and the YMCA to provide for <br />disbursement of Community Development Block <br />Grant funds. <br />Vote Required: Simple Majority <br />BACKGROUND: <br />The City Council entered into a development agreement with the YMCA of <br />Greater St. Paul in June 2005, which was subsequently amended in March of <br />2006. The purpose of the agreement was to enter into a financial partnership <br />with the YMCA to build a facility in Lino Lakes. <br />Previous to that in July 2004, the city, on behalf of the YMCA, entered into an <br />agreement with the Anoka County Housing and Redevelopment Authority for a <br />• $150,000 Community Development Block Grant (CDBG) for the purposes of <br />including a teen center in the YMCA. <br />The YMCA has now raised funds needed to begin construction. The public <br />improvements for the Legacy at Woods Edge project —which are necessary for <br />construction of the YMCA, and which benefit the YMCA —are being completed. <br />All necessary documentation has been provided to Anoka County HRA, allowing <br />the CDBG funds to be disbursed. <br />This resolution authorizes an addendum to the development agreement with the <br />YMCA to provide for disbursement of the grant funds through the City of Lino <br />Lakes by reducing costs of fees associated with construction of the facility. <br />OPTIONS: <br />1. Approve Resolution No. 06 -132, an approving an Addendum to the <br />Development Agreement between the City of Lino Lakes and the YMCA <br />to provide for disbursement of the CDBG funds. <br />2. Deny Resolution No. 06 -132 <br />3. Return to staff for further consideration. <br />• <br />