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• The block of time for city use will be mutually agreed upon by Elk River and Spectrum <br />High School. The value applied to the dome use by the city will be the customary rental <br />rate for the dome. <br />• After the value of the land donation has been exhausted; the city will continue to receive <br />the opportunity for priority time and discounted rental rate of the dome. <br />• The dome will be open to the public for walking, jogging, and running at no charge <br />during designated hours of operation. <br />Economic Development <br />The lease of the land to Spectrum High School by the City of Elk River (Economic Development <br />Commission) will generate revenue to the city. In addition; the athletic field will provide <br />additional options for community recreation and athletic contests. <br />When installed; the inflatable dome will be offer year round employment to a site supervisor and <br />about ten additional part-time positions including dome attendants, coaches, and maintenance <br />staff. The dome will also be used by many other organizations year round that offer employment <br />to athletic administrators, coaches, and event planners. <br />Thank .you very much for your consideration! <br />Prepared by: <br />Rick Peterson <br />Director of Athletics and .Facilities <br />Spectrum High School <br />17796 Industrial Circle NW <br />Elk River, MN 55330 <br />7/13/2011 <br />