Category Archives: PARASOL IVGID
Parasol Q&A (from September 5, 2017 Community Forum)
Q) What public meetings about Parasol are upcoming? A) According to Chairwoman Wong, Parasol will be on the Agenda of every Board Meeting until the Board reaches a decision. She also stated that a Public Meeting would be dedicated to the Parasol Proposal Q) What is the Parasol Purchase? A) In the late 1990’s Parasol made a pledge to IVGID citizens, the Donald W. Reynolds Foundation, private donors and community non-profits to construct, operate and maintain a Community Non-Profit Center that would comply with its long term Business Plan. In response to this commitment, IVGID citizens generously leased Parasol 2.3 acres of … Continue reading →
IVGID’S proposed purchase of the Donald W Reynolds building, (Parasol
by Clifford F. Dober On March 17, 2017 Parasol asked IVGID to entertain an amendment of the land lease where the Parasol building is located History The land lease is for 2.39 acres and was executed in January 2000 calling for payments of $1 per year for 30 years with three 23 year options for a potential total of 99 years. Total payments will be $99 The lease allowed Parasol to construct a 31,500 sf building financed by a grant of $6,500,000 from The Donald W. Reynolds Foundation and approximately $7,000,000 provided from other donors. The land has a deed … Continue reading →