YMCA & Borough to Pay for East Street Parking Lot

The Borough of Madison passed an ordinance authorizing the reconstruction of the East Street parking lot on Monday.

The measure was passed unanimously. It authorizes the usage of $100,000 from the borough's general capital improvement fund for the repair of the lot. 

Shortly after, as part of the council's consent agenda resolutions, the governing body passed a measure that provides for a shared service agreement with the Madison YMCA for the reconstruction of the lot.

According to borough attorney Matthew Giaccobe, it’s a shared parking facility, and the proposed lot will be constructed under a sharing arrangement with the YMCA, which will contribute 80 percent of the cost.

Giaccobe said that the youth oriented nonprofit will reimburse the borough with its share of the cost. Madison will pay for 20 percent itself, as it utilizes the lot on evenings and on weekends.