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City Council Regular Meeting - 06/20/05 Minutes - Page 8 immediate repairs and enhancements; and to fund an endowment to help ensure the facility's long-term financial viability. Mr. Brokke noted that, as the Task Force process continued, it became evident of the amount required to keep the facility upgraded and operational for the long- term. Mr. Brokke expressed his personal appreciation to everyone for their work to-date and for their generosity; noting that the work was just beginning, and he was looking forward to pursuing matching funds for an endowment program; and recognized those influential within the community, staff and advisory commissions and user groups who had participated so far, and looked forward to the new roles in working with the Oval Advisory Group. Councilmember Ihlan expressed her personal appreciation to those involved in ensuring the sustainability of the Oval, and looked forward to new ideas being generated to keep this facility as a regional asset. Mayor Klausing concurred with Councilmember Ihlan; encouraging the momentum of the Task Force recommendations related to structural issues; operational efficiencies; and additional funding sources. Councilmember Schroeder recognized the work ofthe Task Force in going beyond the call of duty and the excellence of their report; but from his engineering outlook, realized that there was additional work to be accomplished and he didn't want to lose the expertise of those on the Task Force. Discussion ensued as to how best to address the financial projections; corporate sponsorship; business models addressed in the report; and the Advisory Group and FOF ability to build on the Task Force recommendations; and pursuit of some items through the upcoming 2006 budget process and individual department budgets. Councilmember Schroeder noted that, with staff clarifying that they would be returning to the City Council to follow through on future actions, he had no problem accepting the