09-22-2008 Council Minutes - Laserfiche WebLink

Home Browse Search

U • • MIND +TES OF THE ORONO CITY' ICOUNCIL MEETING Monday, September 22, 2008 7:00.�o'clock p.m. (3. FUNDING FOR GILLESPIE Gillespie Center currently has one full -time staff provided for by volunteers. Osmek noted the Ci cost, which would add up tb another eight to ten' presently contributes. Osmek stated after the tei funding for the center and that the City would ac Osmek stated with the additional funding from t: to do their fundraising, which would then go intc Spring Park, Minnetrista, and Mound have alrea, Osmek stated under the goals of the agreement savings if the Center receives the additional fur funds, the City would have the right to stop the would solve the Center's long -term financial di Harold Pellant, Co- President of the Gillespie Cc mechanism that would help ensure financing of almost entirely run by volunteers and that they able to concentrate more fully on the fundraisin Bremer asked what the Gillespie Center envisi( not fully funded as currently envisioned. Brem successfully fulfilled but that there are no guarE would be on the cost of services at the end of tf funded. Bremer expressed concern that in ten J additional funding because the fundraising was Osmek stated ten years from now, it is possible but that there is also the possibility that they coi noted the contract ends in ten years and that the Osmek stated at the end of the ten years, if the ei the Center would then tap into that endowment f tournament held this year has been extremely sup become financially independent but that nothing Bremer commented this is a difficult time to be situation, particularly with the limits placed on there is not an option for the City to opt out of t the bargain. Bremer stated she understands the unfortunately the contract should contain langu; fundraising goals are not being met. Lee Grensled, Treasurer, stated approximately tN $170,000, which shows the dedication and come program. Grensled stated in his view the Center Continued) person and that the majority of the services are y of Mound does do some work for the center at no thousand dollars a year, in addition to the $4000 it year period, the City would no longer need to provide wally start to realize a savings after the ten years. ie City, the Gillespie Center would be able to continue the endowment fund. Osmek noted that the Cities of agreed to the extra amount. ig proposed, the City would start to realize a cost sing. If the Center is unable to raise the additional itional funding. Osmek stated in their view this ter, stated they would like to set up a funding 1e desired services into the future. The Center is e requesting some support from the cities so they are for the endowment fund. s at the end of the ten years if the endowment fund is commented she would like to see the agreement :ees that it will be. Bremer asked what impact there ten years when the endowment fund is hopefully fully irs time the City would again be asked to provide 1t totally successful. .t the center could fall short on their endowment fund raise the money sooner than the ten years. Osmek nter is committed to fulfilling that obligation. ►wment fund is successfully funded, it is the plan that I to help finance the services. Osmek noted the golf :ssful and that the long -range goal is for the center to 100 percent guaranteed. luesting additional funds given the current economic City's levy limits. Bremer expressed concern that contract if the Center is not performing their end of entions of the Center are very good but that that allows the City to discontinue the funding if the years ago they had $70,000 and now they have nent that the residents and the Center have to this 11 be successful in its efforts. PAGE 3 of 18 1