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08-03-2020 WS
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08-03-2020 WS
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8/19/2020 2:35:00 PM
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MV City Council
City Council Document Type
City Council Packets
Date
8/3/2020
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1 <br /> <br />MOUNDS VIEW <br />CONTRACT PROPOSAL <br />EXECUTIVE SUMMARY <br /> <br />Contact: <br /> <br /> <br />CITY OF MOUNDS VIEW AND YMCA AGREEMENT <br />The YMCA of the Greater Twin Cities (YGTC) is proposing a restructured contract for operation of the <br />Mounds View Community Center and Recreational program for the City of Mounds View. <br />Terms: August 1, 2020 thru July 31, 2023. <br />Proposal 1: YGTC receives 40% gross revenues to include all business lines annually. All revenue and <br />expense will be received and incurred by The City of Mounds View. The YMCA will have first right of refusal <br />when the current child care lease ends. <br />Proposal 2: YGTC receives a management fee of $300,000 annually, increasing by 5% each year. All <br />revenue and expense will be received and incurred by The City of Mounds View. The YMCA will have first <br />right of refusal when the current child care lease ends. <br />Revenue & Expenses: All revenue and expenses associated with the Mounds View Community Center, <br />parks, fields and recreation programing will be transferred to the City of Mounds View. Compensation from <br />the City to the YMCA will not be included in revenue. <br />Sample Financials under new Agreements: <br />Proposal 1: <br />2019 - $315,147 <br />2020 - $345,052 <br />50% 2020 budget – $199,038 <br /> <br /> <br />
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