To the editor:
Voters in Greenville are being given the opportunity to express their opinion regarding Proposition 2 starting with early voting April 29-May 7 and on election day, May 11. The proposed 75,000 sq. ft. YMCA facility is being proposed to replace the current YMCA, which is approximately 25,00 sq. ft.
The YMCA’s current full membership estimate for 2014 is 2,000 members, made up of seven membership categories, ranging from monthly memberships of $15 to $60/month. The YMCA is currently projecting a conservative membership growth of 5 percent per year, for the future.
I must question the 5 percent growth projection. In 1993 the City of Greenville had a population of 23,771 and in 2013, the population was reported at 26,010. For the past 20 years the annual growth rate of our city has been approximately 0.9 percent per year. According to information disseminated by the City of Greenville in the 2012-13 annual budget, the annual household income in Greenville is only $20,346.
The new YMCA has a proposed cost of $15,000,000. Based on an approximate current interest rate of 3.5 percent, amortized over a 25-year period, this will result in a total annual principal and interest payment of $910,110 or $75,842 per month. Over the life of the loan, the taxpayer liability is $22,752.763.
In addition to the principal and interest payments, based on the YMCA’s own Operation Pro-forma Information, an annual operating expense of $1,657.255 must be covered by contributions, memberships, program fees and rent, starting with the 2015 budget year. If these annual operating expenses are not realized, they will have to be covered by the taxpayers of Greenville.
A further breakdown of the expenses is detailed in the YMCA’s Pro-forma Information. Salaries, benefits and taxes will total $893,129. General and administrative costs are listed at $331,042. Occupancy-buildings and grounds are listed at $350,000. Capital reserve (major maintenance) costs total $83,084.
Regardless of whether the money is coming from the City of Greenville, Greenville ISD, Hunt County, Hunt Regional Hospital or the Board of Development, the taxpayers of Greenville will be responsible for an annual bill of $2,567,365 per year for the next 25 years.
Advertisements promoting Proposition 2 continue to emphasize possible contributions coming from Greenville ISD, Hunt County, Hunt Regional Hospital, Paris Jr. College, Tourism Fund and the Board of Development. If any of these taxing entities fail to meet their obligation, the burden lies solely on the taxpayers of Greenville.
To the editor:
- Letters to the editor
Health services kudos
I am writing this letter of appreciation because two weeks ago I had my second knee replacement surgery within six months.
Kill the YMCA project
In addressing the city council on July 8th, YMCA board president Andy Bench made a bold and highly questionable claim that raised a red flag in my mind. He referenced the alleged financial commitment made by The Greenville Independent School District to help pay for his proposed $15 million taxpayer funded YMCA.
Applaud Court’s return to interpretive sanity
I applaud the Supreme Court’s return to Constitutional interpretive sanity in its recent finding in favor of Hobby Lobby and other closely held companies, to decline to pay for certain medications that they believe violate their religious beliefs.
Take care of children crossing over border
The beautiful little Hispanic children coming across the border from Mexico and South America…
Not too late to stop proposed YMCA center
n your Wednesday edition, reporter Brad Kellar briefly touched on the comments of Dr. Jerry Ransom at Tuesday’s city council meeting.
Perkins should abstain from YMCA vote
What if you were a judge? What if you were also Board President of a non profit organization?
Say no to YMCA on Tuesday
An April 28, 2013 ad in the Herald Banner stated that the YMCA/Event Center bond would only add an additional 2.5 cents to the Greenville property tax rate.
When I moved back to Greenville after living 17 years in South Texas, I took the advice of my friend, Dr. Bill Thorn, who advised me to become an expert in some field. It didn’t matter what.
Freedom of religion
Texas Constitution and the YMCA
Thanks to Park & Rec
Thank you Kimber Patterson, Brett Quarles and the staff of Greenville Parks and Recreation for the outstanding job you do for our community.
- More Letters to the editor Headlines
- Health services kudos