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Financial Impact <br />Prime ice hours (games) 66 hr. @ $235/hour- $15,510. Weekday morning ice hours (practice) 151 hr. <br />$135/hour- $20,385. Total value of Ice sold: $ 35,895. Other Revenue: Annual Team Room/Office Rent $3,000 <br />and Game Service Fees $1,100, Expected Revenue for the Jr. Team: $39,995. Approximate expected catering <br />service fees $2,000-2,500. <br />Mission/Policy/Goal <br />Utilize the Furniture and Things Community Event Center as a regional event center by housing a Tier III Jr <br />Hockey team. Optimizing use of the arenas by contracting ongoing ice sales in off peak hours. <br />Attachments <br />■ Complete 2022-23 Season Ice and Facility Use Contract between the City of Elk River and the MN <br />Squatch Tier III junior hockey team. <br />N:APublic Bodies\Agenda Packets\10-03-2022\Final\x8.1 sr SQUATCH Contract 10 3 2022.docx <br />