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Mayor Johnson agreed stating this would assist CPY in moving from a band-aid situation to being sustainable <br />long-term. Brian indicated CPY did not want to be a ward of the City, but rather wanted to be self-sufficient <br />non-profit. However, CPY was requiring an investment at this time in order to properly serve the community's <br />youth. <br />Councilmember Jacobsen questioned how the City could cover the ask for 2018. Lotter stated he knew he had <br />$46,200 available and would have to do some further investigating to cover the remainder of the ask. He noted <br />that the City receives a large amount of benefits from CPY for only $12,000 per year and should perhaps be <br />paying more each year. <br />Councilmember Dunsworth stated she did not want it to become a common practice for the City to bail out <br />organizations that were financially strained. She understood this was not an insurmountable amount of money, <br />but also did not want to see the pattern continue. <br />Mayor Johnson suggested the Council consider a three to five-year investment in CPY with a threshold in <br />mind. She explained she would not view this as a bail out but rather an investment in the youth in this <br />community. <br />Councilmember Allen discussed the numerous ways CPY benefits the community and its youth. For this <br />reason, he supported the City investing in CPY. <br />Councilmember Burg invited representatives from CPY to visit an upcoming Council meeting to inform the <br />public of the great work being done by their organization. <br />The Council directed staff to find $55,000 within the 2018 budget to assist CPY. <br />New Brighton Elementary School Redevelopment Discussion <br />Schlichting discussed the history of the New Brighton Elementary School property and noted the Council was <br />interested in redeveloping this site. He reported the City spoke with a number of developers and request <br />concept plans for this redevelopment. He stated Gundlach had a presentation for the Council on these plans. <br />Gundlach provided a presentation for the Council on the redevelopment of the New Brighton Elementary <br />School. She indicated this site was purchased by the City in November of 2017 after receiving feedback from <br />the public this was a site in need of redevelopment. She discussed the six goals for this redevelopment with <br />the Council and noted the City received nine proposals from local developers. She reviewed the nine proposals <br />in further detail noting these proposals were presented to the EDC in May and June. The general direction at <br />this time was to proceed with a hybrid of two concepts which would include owner -occupied townhomes <br />(Pulte) and an affordable senior/family apartment building (Dominium). She reported staff approached these <br />two developers to see if they would be interested in working together on this project and they were. <br />Gundlach explained staff had requested Ehlers to complete a gap analysis for this development and noted Jason <br />Aarsvold from Ehlers was present to discuss this in further detail. <br />Jason Aarsvold, Ehlers, commented on the path for the City to cover its investment on this project. He <br />discussed how much the City could gain in revenues through the sale price of the land and TIF. He explained <br />both Pulte and Dominium would be able to perform on this development. He described the length of a TIF <br />district that would be needed for the proposed hybrid project, noting approximately $1.8 million would be <br />requested and could potentially be paid back in eight years. <br />