Consider and take action on Resolution No. 20-18, approving the roofing assistance needed for Mainland Children's Partnership at 2000 Texas Avenue.

The Mainland Children's Partnership (MCP) manages and operates the Community Center located at 2000 Texas Avenue.  The Public Facilities is the actual owner of the property, but in an agreement generates no funds from the property - all funds from any leases go to MCP for any maintenance and management with MCP.  However, there is insufficient funds in MCP currently to fund the roof repairs.  The mayor has made an agreement with the MCP that the Public Facilities Corporation will deed the property if the TCEDC pays roughly one half of the roof repairs.  At that point the TCEDC, Public Facililties Corporation and City will no longer have any interest or obligation to assist in the operation of the facility.  In the last 10 or so years, the corporations or city has assisted in painting, signage, parking lot repairs, striping, drainage, etc. to assist in keeping the expenses low for the MCP and its tenants.  The estimate for the roof repairs would be for the TCEDC to provide roughly $113,000. 

Budget amendment will come from the Unassigned Fund Balance