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Recommendation <br />• Private/Public Coordination is in the best interest for the City of Ramsey <br />• Long term it would be beneficial to cover costs of construction in order to negotiate <br />higher percentage of profits from center once it is opened and operational <br />• Ideal fit: Flagship Fitness <br />o 12 acres of land to provide project <br />o $250K in property tax revenue per year <br />o Only a $3M contribution <br />o Flagship Fitness will manage building operations <br />U <br />ANDOVER YMCA COMMUNITY CENTER <br />30 <br />ANDOVER CONINRINIFY [ENTER AMENITIES <br />7`. 11111111111E <br />= <br />— — <br />• .11,= " <br />.= • 7= • ' ' <br />...J.. 4..11... 1 <br />31 <br />29 <br />