Fiscal Note
$1,300,000 in Federal CDBG program income will be available within the Acquisition/Rehab Fund to cover the costs for the development project.
Title
Authorizing the provision of CDBG funds to assist the Goodman Atwood Community Center to develop a gymnasium to serve Atwood and Worthington area residents in ways that address City Community and Neighborhood Development Objectives.
Body
AGENCY:
The Irwin A. and Robert D. Goodman Community Center Inc. (a.k.a. the Atwood Community Center) is a local community-based agency established to serve residents of the Atwood and Worthington neighborhoods through the provision of programming and facilities for sponsor groups to provide a wide range of programming for all residents. These programs range from day care for young children, to a food pantry for families, to gardens, to after-school programs, to a range of self-help classes. The Center currently serves about 14,000 unduplicated individuals each year. The Waubesa LLC is a newly formed Limited Liability Corporation established by the Goodman/Atwood Center for the purposes of developing a new community center facility.
PROJECT:
The CD program has provided loans and grants to the Atwood Center over the years as it has grown, rehabbed, or acquired three separate buildings---the basic center building at 2425 Atwood Avenue, a youth building at 2717 Atwood Avenue, and a teen center at 827 East Washington Avenue. The original value of these loans totaled over $587,000. Since the City provided the assistance in the form of deferred payment loans, with repayment based on the appreciating values of the buildings, the Atwood Center would owe the City approximately $1.3 million at the time of their sale or change of use.
The Atwood Center has been conducting a capital campaign to raise funds to acquire and redevelop the former Kupfer Ironworks into a large community center, to consolidate its operations and as part of the transfer, to sell i...
Click here for full text