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Ec of lk. Request for Action <br /> River <br /> To Item Number <br /> Arena Commission 8.3 <br /> Agenda Section Meeting Date Prepared by <br /> Action Items April 21,2015 Rich Czech,Arena Manager <br /> Item Description Reviewed by <br /> 2015-2016 Ice Rates Cal Portner, City Administrator <br /> Reviewed by <br /> Action Requested <br /> Adopt,by motion,ice rates for the 2015-2016 season. <br /> Background/Discussion <br /> The Regular Skating Season Rates are charged from September through February. Off Season Rates are <br /> charged from March through August. <br /> Rates are higher during the regular season due to higher demand and ice availability. Over the years, the <br /> Elk River's ice rates have been moderately priced as compared to neighboring arenas. <br /> Hourly ice rates have been$185 an hour for the last two seasons. Increases have been typically every two <br /> years and have been less than 3%. <br /> Ongoing, consistent rate increases have smaller impacts on our customers while staying competitive with <br /> the market and is responsive to expense increases such as utility rates that impact our operating budget. <br /> We consider a number of factors for establishing ice rates. Competitor rates and their existing <br /> agreements,operating expenditures,and scheduled capital replacements or improvements. <br /> The Elk River Arena currently does not have a debt payment(i.e. mortgage), however,we do have many <br /> expensive capital improvements that need to be made in the very near future. Any remaining balances <br /> from ice revenues not tied to operations are maintained for capital repair and replacement. <br /> Financial Impact <br /> N/A <br /> Attachments <br /> • Neighboring Arena Hourly Ice Rates <br /> • Consumer Usage Stats <br /> 1O1E1E1 01 <br /> NATURE <br />