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City of Centerville <br />Council Meeting Minutes <br />February 22, 2006 <br />for ice time because the value of the ice time increases each year and he would want a <br />hard and fast number that this payment could possibly become. <br /> <br />Mayor Capra indicated that the City did a calculation and the 16% of 1,340 with inflation <br />of 2.5% it is $926,000 if the City had to pay for all of this. <br /> <br />Council Member Lee indicated that he is not comfortable agreeing to it. <br /> <br />Paul said that the current four rinks operating since 1998 averaged 2,875 hours of ice <br />time and the guarantee is 1340. He then said that the sheet from the City’s Finance <br />Director made an assumption in that it assumed that no hours would be sold for 20 years. <br />He further said that as the professional in charge of running the facility they are the only <br />state facility not receiving state funding. <br /> <br />Paul said that he believes the absolute worst case scenario would be 10% of the 1340 <br />hours at the City’s 16%. <br /> <br />Paul said that he does not foresee in the 20 years that there would ever be a year that they <br />would get down to the 1340 hours. He then said as a resident and neighbors that he <br />thinks a professional firm like Ehlers and Springsted have said the risk is little or none. <br /> <br />Mayor Capra indicated she was initially concerned about the 20 year commitment and <br />she has asked numerous questions of these representatives. <br /> <br />Mayor Capra indicated that she is in favor of the ice hours for Anoka County to back the <br />bonds and her concern is she asked how much it costs staff for four months of outside ice <br />it costs about $4,000 so the worst case scenario she justifies that if there were hours out <br />there she could tell future Councils to shut down the outdoor rink and have the indoor <br />rink open. <br /> <br />Mayor Capra said she is more comfortable now with the 20 year commitment after her <br />questions have been answered and the 20 year commitment is the key element to move <br />this project forward. She then said that the concern with the $16,000 there are other <br />organizations that have said they want the same for soccer and other sports. She further <br />said she will feel an obligation to donate to others. <br /> <br />Council Member Lakso thanked them for the additional information and said she is a <br />little more comfortable than she was. She then said that the 20 year commitment does <br />not seem to be an issue for the future. <br /> <br />Council Member Terway said that he feels that this is a good value for the Community <br />and the only question that he has is the 20 year commitment he then assured the Council <br />that ice time has been at a premium for all his years in the Parks and Recreation business. <br /> <br />Page 7 of 13 <br />