City's YMCA Purchase Hits Snag, Causing Further Delay
Last updated 1/22/2020 at 3:06pm
For the second time this month the city's plans to purchase the Lake Wales Family YMCA hit a roadblock that pushed the whole deal further down the road.
Commissioners at their Jan. 20 meeting approved the purchase of the property for $565,000, but that sale will only go forward if both sides can agree to the lease and operating agreement with the YMCA of West Central Florida. In December they agreed to borrow $900,000 for the purchase, related costs and renovations.
It's taken city officials and the boards of the two YMCAs involved nearly two years to get close to an agreement. The initial...