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2000-02-23 CC
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2000-02-23 CC
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<br />4. The YMCA will be subject to the city's comprehensive plan, zoning ordinances, and <br /> <br /> <br />site plan reviews. The YMCA will be responsible for obtaining any other necessary <br /> <br /> <br />permits from other public regulatory agencies. <br /> <br />B. FINANCIAL COMMITMENT <br /> <br />1. It is anticipated the cost for construction of the facility will be in the range of $6 <br /> <br /> <br />million, including in-kind donations, based on year 2000 construction costs. <br /> <br />.. <br /> <br />2, The City ofLino Lakes commits to $1.5 million in support of the construction of the <br /> <br /> <br />YMCA upon acceptance of the development agreement by the Lino Lakes City Council. <br /> <br /> <br />(Note: The method and schedule/or conveyance ofthisfunding is unknown but will be <br /> <br /> <br />included in this agreement). The YMCA commits financial development to secure funds <br /> <br /> <br />to construct the facility. Ifa shortfall exists, the YMCA agrees to debt finance up to $1.5 <br /> <br />million. <br /> <br />2. The City ofLino Lakes will provide infrastructure (road, sewer, water) to the <br /> <br /> <br />property. The YMCA will be responsible for all costs associated with utility hook-up <br /> <br /> <br />from the street to the facility. The YMCA will be solely responsible for all permit <br /> <br /> <br />fees, SAC fees, and connection charges. <br /> <br />3. The YMCA will be solely responsible for all costs in excess of the sum contributed <br /> <br /> <br />by the city, including financing, administrative, architectural, engineering, <br />
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