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Response Request Lettersof Interest to For

Response Request Lettersof Interest to For

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Published by Tina Kelley

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Published by: Tina Kelley on Oct 06, 2009
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12/07/2009

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ResponseoRequestorLettersof Interest
RelatingoheRedevelopmentf 125DunnellRoad,Twp.OfMaplewood
PreparedyheSouthMountainYMCA
Decembr 17,2008ContentsResponseAppendixC: YMCACollaborationsAppendixF:FinancialcalculationsorexpectedevenueAppendixM: 2007AnnualReport,2006,2007inancialStatements,MetropolitanYMCAsof theOrangesAppendixP:Principlesof GoodPracticenYMCACollaborationsAppendixPF:simpleProFormaonproposeditnessYMCA
 
TheSouthMountain YMCA ispleasedorespond o the Township of Maplewood'sRequest or Lettersof Interestelating o theRedevelopment f 125 Dunnell Road,datedNovember14,2008.GeneralPrinciple: The redevelopment f125Dunnell Road,howeveraccomplished, should nclude a full-sized itnessYMCA.Havinga stateof theart YMCA on this sitemeetshegoalsset by theTownship Committee-Increasedrevenue,enhancedecreationopportunities, and apositiveimpact on MaplewoodVillage.A YMCAadvancesmoderntown interestswhilepreservingheoriginal OlmsteadBrothers'visionofa"civicsquare"surrounding MemorialPark.Ouruniqueproposaldraws on theYMCA's ability andflexibility toprovidea"bestuse"forthisvital Township ocation.The YMCA stands eady topartnerwith theTownship, the School District, EssexCounty,New JerseyTransit, and developerswhosharehe Township's vision andhighstandardsortheproperty.The YMCA, foundedn 1851, s the nation's argestnon-profitcommunityservice organization.Appendix C details dozensof successfulcollaborationsetween he YMCA and developers,ransitagencies,on-profits,andmunicipalities. AttachmentP outlines he"PrinciplesofGood Practice n YMCACollaborations."Abilify, Flexibility-the organizational andfinancialcapacity of SouthMountainYMCAOrganizatonal Capac tyThe Metropolitan YMCAs of the Oranges s the argestsingleYMCA in NewJersey.Founded n 1885, t consistsoffive facilitiesservingmorehan 95,000peopleannually.Appendix M(AnnualReport 2007,CombinedStatements f FinancialPosition2006,2007) demonstrates hefinancialstrengthand stability of theYMCA,withsteadygrowthover manyyears,both inassets$26,770,620n2007, a record),and contributionsof$1,3 8,460,alsoa record.Metropolitan YMCA of the Orangesassuccessfully uilt andrehabbedumeroustacilities. Notably, both the MetropolitanYMCA and SouthMountain YMCA workedwell with the Township duringthe constructionof the West Parker Avenue ChildCaresite.SouthMountain YMCAisone of thefive memberYMCAs of the MetropolitanYMCAsof the Oranges. SouthMountain YMCA has successfullycollaboratedor more than 35yearswith the Township and its various departments,as well as he Board of Education.South Mountain YMCA Child Careprogramscontinue ogrow,to improve, and toreceive high satisfaction ratings inparentsurveys. SouthMountain YMCAsummerrecreation andyearround activityprogramsalso continue togrow,with renewal rates andgeneralsatisfaction well above ndustry and YMCA averages.Financial Capacity
 
Three components--fund aising,debt service(andbalancesheetstrength),andcontinuingoperationalrevenues-all contribute to apositiveoutlook forSouthMountainYMCA'sfinancialcapacity o contribute significantlyto the redevelopment.SouthMountainYMCA hassurpassed mbitious fund raisinggoalsfor the 2008 Strong KidsCampaign, aising$149,000or financial aid andprogramsupport unds. That's a25Yoincreaseover 2007r. Thecommunityservedby South Mountain YMCA has he capacityto raisemillionsoverthenext fiveyearsor a fitnessYMCA.Combining SouthMountainYMCA's, strongbalance heetwithalackof major capitalprojectsnthepipelinemeans hat South Mountain YMCA'sannual debt service capacitystandsat$125,000starting n2012.SeeAppendix PF-(simpleproforma)for detailson(conservative)orecastsofannualsurplusrevenuesrom the operationoftheproposedYMCA.TheYMCA can beextremely lexible-YMCAs havecollaboratedwith municipalitiesacross he county, withallkindsof ownershipstructures.Ourgoals to haveadevelopmenthat works boththeYMCAand he Township. The YMCA willparticipatein discussions egarding easebacks, ax exemptbonds,ent,sharedarkingrevenue,percentagefrevenuesandrents,andpurchases,and easing,depreciationchedules,andn kindservices.Revenue romsale or leaseGiven the allowablebuilding sizeonthe site,heYMCAcan reasonablyuggestprovidingtheTownshipwith morehantsexpected nnual evenuerom a developmenttwiceas valuableas heprivatepropertieson either sideof 125 Dunnell Road.Thefinancialcalculationsare attachedsAppendixF. Additionally, the constructionofafull-sizedfitnessYMCAwithin walkingdistanceof JeffersonSchool,TuscanSchool,Maplewood MiddleSchool,andColumbiaHigh Schoolwillcreate remendousopportunities for expansionof the longstanding and successfulpartnershipbetweenSouthMountain YMCAand he SchoolDistrictof SouthOrangeand Maplewood.Together,SouthMountain YMCA,the Township,and he SchoolDistrict canprovideservices o improvethequalityoflife inMaplewood. Collaborations a creativesolutionto future tight budgets.OpportunitiesforpublicrecreationusesSouth MountainYMCA'sproposalsa"homerun" opportunityto forever improvepublicrecreationandpublichealth nMaplewood.Dependingon the finalproposal,he site could include modemoffice space or theMaplewood DepartmentofRecreationandCultural Affairs. Theproximityof 125DunnellRoadto the trainstation, Maplewood Village,schools, he West ParkerChildCare site and Memorial Parkwillcreateheopportunity for all kindsofprogrammingforMaplewood residentsand the school district. Recentpublicdiscussionsconfirm a

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