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T j 00 <br />la <br />�r <br />PUblICORP INC. <br />410 PI(tSbURy CENTER <br />MINNEAPOUS, MN 55402 <br />_7,,�77 <br />a 3 ,6 r <br />January 2 7 , 19'; t <br />Jan y :, <br />,W <br />Mr. Craig Waldron a <br />De <br />Director of Community ► <br />City of Roseville 1-1 r / <br />Civic Center Drive <br />�,12660oseville, MN 55113 <br />Dear Craig: <br />As per our phone conversation, <br />'114the sources of revenue for the <br />��_/j for arriving at our rents. <br />you requested a break dcwn ^f <br />school and/or our methodo.-1. <br />As you are aware the information regarding school revenue <br />and expense strategy is extremely sensitive information, <br />competitive nature of the industry, and the <br />given the comp all the budget <br />developer requests that rather tthan <br />he reviology and Pertinent <br />aspects, that we relay to you <br />numbers for arriving at our figures. <br />Within any individual school's budget <br />re aaretfivoverall <br />distinct sub -budgets that are used arrive <br />cost and operating budget. Over the years, Brad ord hasit to <br />developed and implemented a StandardBudget <br />each of the following five areas: <br />1, Education Rent and Expenses) <br />2. Building occupancy (Facility <br />3, Placement <br />4. Administration and Staff Services <br />5, Admissions <br />Each of these component elements are then calbudcetate��tiridthis <br />added toqether to arrive <br />at thoPatheginformation you <br />in mind the following should provide <br />requested. <br />purposes of addressing your request as it <br />1, For purp occupancy (Facility, <br />concerns the main structure,1Sheart cdlatp <br />ly relevant. The <br />Rent and Expenses) standardp <br />rent and related operating expense Standard is expressed as a <br />"Cost per Student Month" which means Gross Rent <br />figureper <br />ist dent <br />per month in real estate terminology. T <br />his multiplied times the number of students i�ntheschoolattendanc(in <br />this case 300) and then multiplied times <br />