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TO: Mayor John Laesch and the City Council
FROM: Chris Minick, Chief Financial Officer/City Treasurer
DATE: May 11, 2025
SUBJECT:
Seeking a Resolution approving funding support payments to VNA in the amount $250,000 in 2025 and $250,000 during 2026 for a total disbursement of $500,000 in support of the recently constructed Bloomhaven campus.
PURPOSE:
To provide financial support for the VNA Health Clinic at the Bloomhaven campus.
BACKGROUND:
In conjunction with the redevelopment of the former Copley Hospital Campus, the developers were successful in leasing a significant portion of the development to VNA Health Care. VNA provides affordable healthcare services to residents of Aurora at several locations throughout the City and fills a need in the provision of quality, affordable health care regardless of insurance status or ability to pay.
In July of 2024, City officials met with officials of VNA Health Clinic regarding the construction of the VNA Health Clinic at the Bloomhaven campus. Due to the nature and extent of the medical services provided by VNA to the Aurora population in general and specifically to the neighborhood surrounding the development, the City pledged a $500,000 contribution in support of the clinic on the Bloomhaven campus. The initial terms of the agreement called for a $500,000 payment to be made within 30 days of the issuance of a Certificate of Occupancy for the project. The certificate of occupancy for the clinic was issued in April of 2025.
No funds have been disbursed to date. The funding support request was not included in the 2025 budget, nor has the City Council approved the disbursement of the funds. VNA and the City have tentatively agreed to finance the funding support via 2 disbursements, one in 2025 for $250,000 and the second installment of $250,000 would occur prior to June 30, 2026. Payment would be made from investment earnings. The funding source for the 2026 installment will be identified as a part...
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