2006-03-08 CC Packet - Laserfiche WebLink

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City of Centervi1le Council Meeting Minutes February 22, 2006 for ice time because the value of the ice time increases each year and he would want a hard and fast number that this payment could possibly become. Mayor Capra indicated that the City did a calculation and the 16% of 1,340 with inflation of2.5% it is $926,000 if the City had to pay for all of this. -- Council Member Lee indicated that he is not comfortable agreeing to it. Paul said that the current four rinks operating since 1998 averaged 2,875 hours of ice time and the guarantee is 1340. He then said that the sheet from the City's Finance Director made an assumption in that it assumed that no hours would be sold for 20 years. He further said that as the professional in charge of running the facility they are the only state facility not receiving state funding. Paul said that he believes the absolute worst case scenario would be 10% of the 1340 hours at the City's 16%. Paul said that he does not foresee in the 20 years that there would ever be a year that they would get down to the 1340 hours. He then said as a resident and neighbors that he thinks a professional firm like Ehlers and Springsted have said the risk is little or none. Mayor Capra indicated she was initially concerned about the 20 year commitment and she has asked numerous questions of these representatives. Mayor Capra indicated that she is in favor of the ice hours for Anoka County to back the bonds and her concern is she asked how much it costs staff for four months of outside ice it costs about $4,000 so the worst case scenario she justifies that if there were hours out there she could tell future Councils to shut down the outdoor rink and have the indoor rink open. Mayor Capra said she is more comfortable now with the 20 year commitment after her questions have been answered and the 20 year commitment is the key element to move this project forward. She then said that the concern with the $16,000 there are other organizations that have said they want the same for soccer and other sports. She further said she will feel an obligation to donate to others. Council Member Lakso thanked them for the additional information and said she is a little more comfortable than she was. She then said that the 20 year commitment does not seem to be an issue for the future. Council Member Terway said that he feels that this is a good value for the Community and the only question that he has is the 20 year commitment he then assured the Council that ice time has been at a premium for all his years in the Parks and Recreation business. Page 7 of 13 !