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• APPROPRIATION <br />Grant to MACAA for Renovation of Former YMCA Site <br />$200,000 <br />BE IT RESOLVED by the Council of the City of Charlottesville, <br />Virginia that the sum of $200,000 is hereby appropriated from the <br />unappropriated balance of the Capital Fund as a grant to the <br />Monticello Area Community Action Agency (MACAA) for the purpose of <br />renovating the former YMCA site on Park Street. This appropriation <br />is conditioned upon MACAA's taking title to the subject property <br />during the 1993 calendar year. Disbursement of the $200,000 shall <br />be as follows: <br />(a) $100,000 upon closing of the sale of the property to <br />MACAA; and <br />• (b) $100,000 on July 1, 1993, provided closing occurs before <br />July 1, 1993; if closing occurs after July 1, 1993, <br />payment will be made at the time of closing. Said <br />$100,000 will be obtained by restructuring a loan from <br />the General Fund to the Capital Fund which is currently <br />due for repayment on July 1, 1993. <br />Approved by Council <br />March 15, 1993 <br />erk of City Council <br />• <br />