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May S. 1993 <br />siim, <br />ob Bi,e racheid, <br />City of Roseville <br />Parks and Recreation Departmen, <br />a 4 <br />2660 Ci,viic Center Drive <br />F ` lle4Vi ?W <br />%ogievil, 5511,1,3 <br />==Went.. Situatio The City is, considering acquiring a ra,cquet <br />club known as King's Court. The club, would, be operated, by the park <br />and riecrea,tion de• hu as an enterprise activity. T h e i CIL 1+4 VP i %jy <br />wishes to evaluate the financ leal reasibility of owning, and <br />operating, such a facility . <br />*I <br />SgkrvljLcg 3 eptjy2g. and AMr2jjch �i Based on our discuss i ons with thei <br />cu,rrient, owner of the club and his, accountant, no formal financial <br />statements have been prepared in recent years. We, would suggest <br />0 <br />this followli; procedures to evaluate the potential purchase of the <br />0 <br />clubiii <br />A market assessiment including a compet3.tive profile, fee, <br />analysies, market area and membership survey and related <br />inforIMation. <br />4W IntmhwW Wad, Sufte M51 Membim Of <br />I I , <br />1 1, 1 &%2"9% (61,2) M.5-16712 FAX (M) 593-25714 <br />Offices in North Dakota, Souffi Dike* MhwimaKft and Aftom, <br />An Equal Oppoftrft En*b$w INTERNATIONAL <br />