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AGENDA ITEM 6D <br />STAFF ORIGINATOR: Mary Alice Divine <br />DATE: 11/14/05 <br />TOPIC: Ordinance No. 11-05: Second Reading offering the <br />sale of a parcel of land to the Chain of Lakes YMCA <br />VOTE REQUIRED: 3/5 <br />BACKGROUND: <br />On June 16. 2005 the City Council entered into a development agreement with <br />the YMCA of Greater Saint Paul, wherein the City agreed to convey the 6.72 - <br />acre parcel of land in the Legacy at Woods Edge project for the construction of a <br />YMCA. According to the City Charter, a conveyance of city -owned land must be <br />done by ordinance. The ordinance will be in effect 30 days after its publication in <br />the local newspaper. <br />The YMCA has submitted a site plan for City approval. The details of tr)e <br />financing arrangements will be brought to the City Council in December. <br />OPTIONS: <br />3. Approve the Second Reading of Ordinance No. 11-05 <br />2. Do not approve the Ordinance <br />3. Return to staff for further consideration. <br />RECOMMENDATION: <br />Option 1 <br />