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arena project. This information was based on the adjusted Marquette <br /> • Partners study and this information was also the basis for the city 1997 ice <br /> arena operating budget (see attachments). Unfortunately, nowhere in these <br /> budgets are capital outlay items discussed or considered. This presents us <br /> with a problem as even $6,000 in expenditures (or a $10,000 expenditure for <br /> a public address system) was not envisioned as a budget issue when the new <br /> arena was planned. Besides capital outlays not being in the budget, we don't <br /> know if the city will receive all of the revenues that are being projected or <br /> will be able to keep the expenditures to the level that is being proposed. This <br /> makes authorizing additional expenditures very difficult. <br /> If the City Council is to accept a proposal for this sub floor heating, then <br /> reserve funds will have to be accessed and used. Equipment/Infrastructure <br /> reserves are available for this type of expenditure if deemed appropriate by <br /> the City Council. I think that is the issue that needs to be evaluated by the <br /> Council and, in this regard, the Commission may need to "sell" the proposal. <br /> • Attachments: <br /> • Financial Data for Bonds <br /> • 1997 Budget <br /> • Revised Marquette Study <br />