Supervisors to discuss next YMCA payment
The Board of Supervisors will look at approving a $103,100 interest payment for the new YMCA at Tuesday’s meeting.
The fifth payment is due Feb. 1.
Two months after the county borrowed the $5 million to build the YMCA, it signed an agreement with the YMCA making the county responsible for raising the money needed to repay the loan “less any amounts received by the YMCA from other sources as a result of any capital campaign conducted to raise funds for the project.
“ No long-term indebtedness associated with the facility will be incurred by the YMCA,” the document states.
The first three payments were covered by proffers and money raised in the capital campaign. But that fund came up short in August, for the fourth payment.
According to a document in the board packet for Tuesday’s Board of Supervisors meeting, there’s a request to pay the entire $103,100 due.
It’s a 41,000 square foot facility and will have two pools: one for competition that is 25 yards wide by 25 meters long, and one for therapy.
It’s the first Y that will have a zero-depth-entry wheelchair-accessible therapeutic pool at its opening.
The fitness area, about 6,000 square feet, will have a large selection of cardiovascular machines, weight- and circuit-training equipment, and free weights.