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1993_0125_packet
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1993_0125_packet
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11/1/2011 7:39:20 AM
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FIN CIAL I PLI _ T IONS <br />The City's contribut ion to the enlarged gymnasiums i s $250,000 per gym <br />for a total of $5008000F to be taken from the Tax Increment lnf rk <br />structure funds The City would realize gym rental savings of approxi- <br />mately $6,000 per year through this agreement. Additional savings <br />would be accomplished through not having to pay for the major portion <br />of gym construction. <br />STAFF RECOENDATI <br />Eased an the cost savings of building gymnasiums, the favorable con- <br />tractual scheduling arrangements and the reduced operating costs, the <br />staff recommends the City enter into contractual agreement with the <br />Roseville Area School District for the construction and usage of <br />gymnasiums at Brimhal l and Central Park schools. <br />COUNCIL ACTION REQUESTED <br />motion authorizing the Mayor and City Manager to enter into agreement <br />with the Roseville Area School District for th6 cooperative construe <br />tion and usage of gymnasiums at Erimhall and central park schools as <br />per the attached contract with the construction funds to be taken from <br />the Tax Increment Infrastructure Fund <br />
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