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Gardiner elected officials agree to support Boys & Girls Clubs funding request
By using revenue from the city s fund balance and Libby Hill TIF revenues over several years, the donation will have no impact on Gardiner s tax rate.
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GARDINER Elected officials agreed Wednesday to commit to donate $500,000 toward the Boys & Girls Clubs of Kennebec Valley for its new building over a period of several years.
The money would come from the city’s fund balance money the city already has on hand, similar to a savings account and from revenue from the Libby Hill Tax Increment Financing district. On the recommendation of District 1 City Councilor Terry Berry, it will paid out only when fundraising reaches $9.5 million.
By Staff
A $10 million community center, designed to serve children, families and seniors from across the Kennebec Valley region, broke ground in Gardiner on Wednesday with over 100 supporters in attendance.
The groundbreaking for the Boys & Girls Clubs of the Kennebec Valley center marked a milestone, after the nonprofit raised funds for over four years to build the community facility, according to a news release.
The goal of the new clubhouse is to serve more children and seniors.
The club still needs to raise $650,000 to reach the $10 million goal of its “Great Futures” capital campaign, but is moving forward with construction to better serve the community. Once built, the new clubhouse will nearly triple its capacity.