6.0. EDSR 02-14-1994 - Laserfiche WebLink

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Also, a more detailed cost analysis of the proposed facility was • performed by the Task Force. This has resulted in an estimated preliminary budget of $2.5 million, or $46 p.s.f. , a figure that is very favorable and helps make the facility a profit center based upon the projected user fees that can be achieved from the new facility. III. NEXT STEPS • February 14, 1994: Economic Development Authority_ Request to fund a feasibility study of the proposed municipal facility. • February 11, 1994: Blue Line Club Dance Fundraiser Beginning of local groups' fundraising activities to support the establishment of the facility. - Plan revenue bond timetable. • March 1994: Blue Line Club/ERYHA Dinner - A "kick-off" dinner to advance support for the completion of the facility and establish the fundraising efforts to be performed. Such efforts could include: materials/equipment donations, selling portions of the new ice sheet, sales of food and/or clothing, etc. • April 1994: • - Completion of feasibility study. Advertisement of revenue bond issue. - Begin preliminary plan & design of facility. - Select Construction Management firm. • June 1994: - Bid the project & begin construction. - Establish and organize Arena Commission. • December 1994: - Open facility. IV. SUMMARY Our efforts are directly related to the needs of the community with a prevailing goal of providing superior self-supporting facilities to place us in the position of effectively meeting our future needs. With the additional interest from surrounding communities to use this facility, and an overriding mandate from the Twin Cities Suburban Conference to move all "home" games to a larger facility, our efforts are proving to be timely and achievable. The past few weeks have provided the proper forum to discuss, plan and agree on the actions necessary for the successful • completion of this facility. We look forward to continuing this cooperative and productive effort to achieve our goal.