CCP 06-30-1997 - Laserfiche WebLink

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I' DRAFT AIWEN HII.I.s CITY COT..1'NCJL - JUNE 9. 1997 3 I 1_ Mayor Probst requested clarification that provision C would reduce the capital funding in the first three years of operation, and it would become fully effective the fourth year. Mr, Fritsinger stated that was the case. I Mayor Probst inquired if the City would incur costs if the maximum rentable hours were not met. Mr. Erickson stated that while the estimates of rentable hours were on target, the estimated I revenues from food concessions were lower than projected. Mr, Erickson further stated that after additional research, it was decided to increase the size and scope of the concessions, as the preliminary space was found to be too small. Mr. Erickson clarified that this action would not I increase the City's debt service, but the concessions would earn extra revenue for the project. Mayor Probst inquired if the concession area was partitioned or open space. Mr. Erickson I replied it was open, however there may be a portion that has the ability to be partitioned for meetings, banquets, etc. I Councilmernber Malone stated he was very concerned with the extra funds being requested this soon after the Master Agreement being signed, He inquired if the City Administrator had been a pany to the bond issuance language. Mr, Fritsinger indicated he had been. Councilmember I Malone stated he would abstain from voting on this issue. Councilmember Hicks stated he also had concerns regarding the additional funds being Ie requested. He stated this amount was very close to the cap of $9,000,000 and inquired if the plans were far enough along that the estimated amounts would be close to the actual amounts. I Mr. Erickson stated two construction companies had provided estimates on this project, and both agree with the stated figures, I Councilmember Hicks inquired if this project had actually been bid, or if these were estimates, Mr. Erickson stated the companies gave cost estimates, and he expects to have the actual figures in mid-July. I Councilmember Hicks stated it was his opinion at this point that the City has no choice but to approve the Amendment, as the Master Agreement had been signed. I Mayor Probst stated the additional funding for concessions appeared to be an appropriate expenditure. He noted the absence of one Council member, and stated a vote would still need to I be taken on this issue at tonight's meeting. Councilmember Hicks inquired if the other cities were expected to approve this Amendment. I Mr. Fritsinger explained that while Blaine and Coon Rapids have approved the Amendment, Arden Hills was the first Ramsey County city to review it. He further stated that while a few I cities have concerns, the majority feel it is appropriate and plan to approve it. Councilmember Malone stated that approving the Amendment because all the other cities are .. planning to wasn't necessarily a good reason. Mr. Malone expressed concern with information I