Title
A Resolution Finding a Public Purpose in the Continued Leasing to the YMCA of the Pikes Peak Region of the Ground Upon Which the Southeast Y is Constructed
Presenter:
Kim King, Assistant Director – Parks, Recreation and Cultural Services
Kellie Billingsley, Real Estate Services Manager
Body
Summary:
The City of Colorado Springs and the YMCA of the Pikes Peak Region have a longstanding relationship based on the shared goal of providing recreational facilities and activities to the community. Today, these two organizations are asking City Council to confirm the continued public purpose being met through the renewal of the ground lease established in September 2000 in support of the construction, and the resulting operation, of the Southeast Y.
Background:
In the late 1990’s, the City of Colorado Springs wanted to provide additional recreational facilities and activities for its citizens. As part of the April 1999 Springs Community Improvements Program (SCIP) bond election, funds were approved for multiple projects including supporting the construction of a new Y facility in Southeast Colorado Springs. In addition to $4.6 million toward construction costs, the City offered to lease the YMCA the ground upon which to build the recreation center. The YMCA provided the remaining funds of approximately $6.7 million toward the project. This arrangement allowed the goals of increased recreational opportunities to be met in Southeast Colorado Springs through the joint efforts of these two organizations.
The operating agreement in place, along with the twenty-five (25) year ground lease, recognized that the facility would be managed as a regular branch of the YMCA for the benefit of the public. A nuance to this operation was the fact that in addition to its membership model, this Y site would also offer daily use fees so that the public need not become members of the Y in order to use the recreation facility. Additionally, during the term of t...
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