090105 - Laserfiche WebLink

Browse Search

September 1, 2005 Page 5 and prior to project approval the Board of Directors must adopt a Mitigation Monitoring and Reporting Program which was part of the submitted documentation. It was moved by Gibson, seconded by Jacobsen; and carried 4-0 to adoption Resolution Number 090105-A, A Resolution of the Conejo Recreation & Park District Adopting the Mitigated Negative Declaration for the Conejo Creek Park Northwest Quadrant Dog Park Lighting Project, a Mitigation Monitoring and Reporting Program, and Finds of Fact; that it be read in title only and all further readings be waived. Berger said that the Planning Commission for the City of Thousand Oaks is scheduled to consider the Development Permit modification application for the proposed dog park lighting project at its regularly scheduled meeting on September 12, 2005. A. Approval Of Proposal To Advance Funds To Southeast Ventura County YMCA To Facilitate Covering Of Aquatics Facility At Dos Vientos Ranch Ward provided background intormation, referenced the documentation, and noted that in 1992 an agreement was reached with the YMCA wherein the District advanced $300,000 to the Conejo YMCA to accelerate construction of the aquatics/hydrotherapy pool. He said that discussions have recently been held with the YMCA, relative to an arrangement to facilitate covering of the aquatics facility at the YMCA in Dos Vientos Ranch. He identified the fundamental terms of the proposed agreement: loan $550,000; term, no longer than five years from date funds are advanced payable in five equal annual installments; interest calculation, track with actual pooled investment earnings estimated to be $55,000; consideration, guarantee of pool use by the District at mutually agreed rate, currently estimated at $45 per hour. Gibson noted the excellent history of payment by the YMCA, and spoke in support of the recommendation. It was moved by Gibson, seconded by Holt, and carried 4-0 to commit funds in the amount of $550,000 as a loan to the Southeast Ventura County YMCA for the purposes of constructing an indoor pool at the Miller Brothers YMCA facility in Dos Vientos Ranch; and to authorize the General Manager to negotiate and prepare an agreement as outlined in the memorandum to be brought back for consideration by the Board at a later date.