5.5. SR 08-08-2005 - Laserfiche WebLink

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\1VICA facility using money that "\vas generated by the housing of federal prisoners at the county jail. This proposal was ultimately rejected by the Sherburne County Board. To date there llas not been any capital funding campaign established. There are a number of issues in play regarding a YIvlCj\ facility and site. The site selected by the YIvlCA is tile Northstar Business Park site, \vhich is, generally speaking, south of the Home Depot area. This site has been offered "free of charge" by the city to the Y1vfCJ.\. J.\s improv-ements take place in the N orthstar Business Park tllere ,vill be assessments against this site for utilities and the street. This ,vill be a city eA'}Jense if the "free land" is to be pro\rided to the YIvfCA. The YIvfCA Chair and Committee still hope to obtain financial support from the county for a YMCA facility. Part of this financial support may include land that the county owns adjacent to its GO\Ternment Center. This would likely be acceptable to the YIvlCJ.~ of Ivletropolitan of Ivlinneapolis and to the city. City Funding Sources TIle t\vo main funding sources R\Tailable for a YIvfCA building project are the landfill host fee reserve and the RDF reserve. Both of these resel\Tes are currently undesignated. ..t\..nnually the city receives money from the RDF project as a payment in lieu of taxes. j-\.pproximately half of tllls money goes to the 1993 City Hall project and an additional $39,500 annually goes into tlle general fund budget. The remaining balance, approximately $100,000 per year, has been left undesignated. Currently this undesignated fund has a balance of approximately $650,000. (This balance amount assumes that monies \vill come frolll this fund for the last payment to the School District for the Iitde Theater.) Historically this undesignated portion of the RD F reserve has gone toward land acquisition, park de\relopment, and tlle Little Theater payments. It should be noted that the RDF contract expires in 2009 but I anticipate that this funding commitment \vill continue beyond 2009. The landfill host fee, \vruch is $1 per cubic yard, goes into the street reset\Te, the gO\Ternment buildings reserve, the library resel,re, and 25~ of this total is currendy going into an undesignated resel,,\Te. This 25~ generates approximately $225-250,000 per year, depending upon the \Tolume of activity at the landfill. The undesignated portion of the landfill host fee currently has a balance of approximately $450,000. TIle final cell of tlle landfill is being opened in the near future and it is projected tllat the landfill \vill be "full" by around 2009. Currently landfill expansion plans are being processed thrOUgll the :tvIPCJ.\ and an environmental impact statement is scheduled to be completed in early 2006. J.\t this time there is no indication that an expansion will not be approved, but nothing is certain and this funding source may not be a~lailable after 2009 or so. ~Assuming a ThfCA is constructed in mid-2007, the city could Ilave approximately $1.5 million av.ailable in cash from the RDF reset\Te and the part of landfill host fee that is currently undesignated. Additionally, from these t\vo sources, the city could plan on providing an additional $250,000 in 2008 and in 2009. After 2009 all bets are off until we lmo\v more about the landfill expansion plans and the future of the RDF project. If a commitment by the city is made to the YIvICA for monies abo\re the $2 million noted above, then the \vorst case scenario would be that the city ,vould have to make payments from its s: \ Council \ Pat \ 2005 \ \Y./ orksessions \ )?\I C.t\Funding. doc