The Herald Banner, Greenville, TX

Top News

August 25, 2013

Council may vote on YMCA reimbursement

GREENVILLE — The Greenville City Council is expected to issue bonds early next year, to pay for the construction of a new YMCA/event center project.

The Council intends Tuesday to approve a resolution, allowing the City of Greenville to pay for some of the work which may be needed prior to the issuance of the bonds, which would then be paid back once the bonds are sold.

The Council’s vote on a “reimbursement resolution” is scheduled as part of Tuesday’s regular session agenda, which begins at 6 p.m. in the Municipal Building, 2821 Washington Street. A work session is also scheduled for 5 p.m. Tuesday.

In May, voters in Greenville approved the issuance of $15 million in general obligation bonds to pay for the construction of a YMCA/event center.

The facility will be owned by the City of Greenville and leased to and operated by the YMCA or other public or private entity as a commercial activity community events/recreation center. The facility would be located in the Greenville SportsPark on Monty Stratton Parkway. Organizers of the project said they have received commitments from several entities toward the cost of the facility which could reduce the potential tax burden.

In a memo to the Council, Finance Director Cliff Copeland said the bonds for the project will be issued during the upcoming fiscal year.

“It is reasonable to expect that the City may incur costs related to this project prior to the issuance of these Obligations and that the City will need to be reimbursed for these costs,” Copeland said, adding the maximum amount for which the city is expected to be reimbursed comes to $2.5 million.

1
Text Only
Top News
  • Unemployment March 2014.jpg Jobless numbers take big dip

    Hundreds of people found jobs locally last month, as Hunt County’s unemployment statistics fell to a six-year low.

    April 19, 2014 1 Photo

  • GCS flying high

    Greenville Christian School teachers found an entertaining way to learn about physics.

    April 19, 2014

  • Easter Bunny stock photo.jpg Following one busy Easter Bunny

    Easter egg hunts are scheduled in several locations across the area today and Sunday.

    April 19, 2014 1 Photo

  • Vaderrobot.jpg Dallas champions, Robowranglers look forward

    Practicing with the best hones skills and keeps members of Greenville High School Robowranglers on point, according to Director of Robotics Adrienne Emerson.
    The Robowranglers are preparing their robot “Vader” for the FIRST World Championships in St. Louis on April 23-26.

    April 18, 2014 1 Photo

  • Texas drougnt as of 4-17-2014.jpg Wet Easter Sunday possible

    It may be a wet Easter holiday in North Texas, as thunderstorms are again in the forecast for the weekend.

    April 17, 2014 1 Photo

  • Sheriff's Office Wanted fugitive captured in Ellis County

    April 17, 2014 1 Photo

  • Band1.jpg Roaring with pride

    The Greenville High School Lion Pride Band performs well under pressure, according to GHS band director Joel Weisburg

    April 17, 2014 1 Photo

  • Royce Tawater.jpg Shooting suspect changes mind on guilty pleas

    On second thought, a local man will leave it up to a jury to decide whether he is guilty of multiple charges in connection with two shootings in Greenville last summer.

    April 17, 2014 1 Photo

  • Easter Eggstravaganza stork photo.jpg A hunting we will go

    There will be lots of brightly colored eggs hidden in the grasses across Hunt County this weekend, and plenty of opportunities for children to find them.

    April 17, 2014 1 Photo

  • GEUS Operations Center.jpg Saying thanks to police

    The board of the local electric utility system intends to take time tonight to thank officers with the Greenville Police Department for catching suspects who allegedly broke into the company’s headquarters last month.

    April 17, 2014 1 Photo

House Ads
Featured Ads
Poll

What's your favorite spring high school sport?

Swimming and diving
Wrestling
Basketball
Soccer
Tennis
Golf
Track and Field
Softball
Baseball
     View Results
Facebook
AP Video
Captain of Sunken SKorean Ferry Arrested Raw: Fire Destroys 3 N.J. Beachfront Homes Raw: Pope Presides Over Good Friday Mass Raw: Space X Launches to Space Station Superheroes Descend on Capitol Mall Man Charged in Kansas City Highway Shootings Obama Awards Navy Football Trophy Anti-semitic Leaflets Posted in Eastern Ukraine Raw: Magnitude-7.2 Earthquake Shakes Mexico City Ceremony at MIT Remembers One of Boston's Finest Raw: Students Hurt in Colo. School Bus Crash Raw: Church Tries for Record With Chalk Jesus Raw: Faithful Celebrate Good Friday Worldwide Deadly Avalanche Sweeps Slopes of Mount Everest Police Arrest Suspect in Highway Shootings Drought Concerns May Hurt Lake Tourism Vermont Goat Meat Gives Refugees Taste of Home Calif. Investigators Re-construct Fatal Bus Cras Mayor Rob Ford Launches Re-election Campaign Appellate Court Hears Okla. Gay Marriage Case
Hyperlocal Search
Premier Guide
Find a business

Walking Fingers
Maps, Menus, Store hours, Coupons, and more...
Premier Guide
Real Estate News