8.1. ICESR 04-18-2017 - Laserfiche WebLink

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i�o cityofElkRequest for Action .fiver To Item Number Arena Commission 8.2 Agenda Section Meeting Date Prepared by Action Items Aril 18, 2017 Rich Czech,Arena Manager Item Description Reviewed by 2017-2018 Ice Rates Cal Portner, City Administrator Reviewed by Action Requested Adopt,by motion,ice rates for the 2017-2018 season. Background/Discussion Regular skating season rates are charged from September through February. Off-season rates are charged from March through August. Rates are higher during the regular season due to higher demand and ice availability. Over the years, the Elk River Arena's ice rates have been moderately priced as compared to neighboring arenas. Last season, the regular seasonal prime time hourly rate was not increased for the 2015-2016 season and remained at$190.00/hr. The non-prime time ice was $145.00/hr. The off-season rates were held at $145.00/hr. for prime time hours and$115.00/hr. for non-prime time hours. Increases have typically occurred every two years and have increased less than 3%. Smaller on-going consistent increases have a smaller impact on our customers and keep us competitive in the market than larger increases over a longer period of time. A number of factors are considered when we are establishing ice rates: competitor rates and their existing agreements, operating expenditures, and scheduled capital replacements or improvements. The Elk River Arena currently does not have a debt payment (i.e. mortgage);however,we do have many expensive capital improvements that need to be made in the very near future. Any remaining balances from ice revenues not tied to operations are maintained for capital repair and replacement. As noted in the finance report, the Arena purchased a new Zamboni in 2015 which was paid out of these funds. Financial Impact N/A Attachments ■ Neighboring Arena Hourly Ice Rates ■ Consumer Usage Stats WERER 0 A