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Staff explores $1.2M loan to rebuild community center; figures to be shared with council
Summary
Staff reported preliminary discussions with SMPDD about a loan to rebuild portions of the community center; an early estimate of roughly $1.2 million was cited and staff said it will provide detailed annual repayment estimates for council consideration.
John said staff met with SMPDD about financing options to upgrade the community center and that preliminary figures suggest a comprehensive rebuild (tearing down old wings and constructing a smaller new wing plus repairs) could cost "like $1,200,000," a number he urged council not to take as final.
He said he is awaiting loan repayment estimates from SMPDD and will circulate those year‑by‑year cost figures to council members; if the numbers are acceptable, the city could move forward on community center upgrades within the constraints of the adopted budget and potential loan servicing costs.
