Lease with Summit Area YMCA, Ordinance Setting Cap Bank on Berkeley Heights Township Council Agenda Tonight

Redevelopment Plan for the former Movie Theatre is on the agenda tonight. It can be seen on the Berkeley Heights website.

BERKELEY HEIGHTS, NJ - Final hearings of two ordinances - the Lease Agreement with the Summit Area YMCA and an ordinance to exceed the municipal budget appropriation limits and to establish a cap bank, will be held at tonight's Township Committee meeting.

The Lease Agreement with the Summit Area YMCA is for property which includes the Berkeley Heights Community Pool.  

Some of the important parts of the lease include the following:

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Rental fees are set up by years.  In year one through six, the annual rental will be $1; seven to 20, $25,000; 21-30 $50,000 and 31 to 50 $65,000.

The Summit Area YMCA will be required to pay all costs and expenses related to the operation of the community pool, including the cost of building a new pool and all related facilities at a cost of about $900,000.  In addition, the Y will pay a minimum of $210,000 to make all necessary repairs and improvements so the pool can open this summer. The YMCA will also assume the current community pool loan which will have a balance of $105,000 at the time the lease is signed.

The YMCA will be permitted to build a 36,000 square foot facility on the property which will include space for day care, meetings, a full-sized gym and other spaces and amenities.

Membership in the pool will be offered to all residents of the town, whether they are members of the YMCA or not.

Once the new YMCA facility is built and can be used, Berkeley Heights Recreation, the Board of Education and PAL athletic teams will have priority for gym space during the winter season.

The second ordinance will permit the township to exceed the cap on the budget and increase it to 3.5% over the previous year's final appropriates. Any money not appropriated in 2017 can be held for the next two years in a cap bank. 

The budget is currently $134,079 below the legally mandated 2% cap. The amount that could be increased is $429,441.32, according to the ordinance.  

The actual municipal budget has not been officially adopted - the capital budget has not yet been completed, so numbers could change. The final adoption of the budget is expected to happen on April 18.

Other items on the agenda tonight include the adoption of the Redevelopment Plan for 450 Springfield Avenue - otherwise known as the Theatre Property. A copy of the plan, including images, can be found online .

The council meeting will be held at 7 p.m. tonight, April 4,, at the Town Hall, 27 Park Ave., in the council chambers. Everyone is welcome.

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