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EXHIBIT A - PAGE 3 REVISED PROPOSAL BY SUB-CONfNHTTEE Below is the documentation for the chanlles w: have made w the numbers on the prrvious page. The first full year of' operation has been delayed un:il the 1996-96 season. The ~ years shown ks the partial .season of 1995-96 where th~ A~na ks estimaled to be in operation by Novembe~-l~;;l.~,~$,.and thc full season estimates ending May 3 I, 1997. Assumptions wcrc uhat the years following would l',~v,e a similar cost percentage adjusunents as shown in the Fca~'bilil~. REvENUES: ICE, RENTAL: : The hourly rates to bc charged for ic~ time is as follow~': 1995.96 1996-97 1997.98 NON- NON- NON- Sept-Ma~: l~nk I $100 $85 $105 $99 $110 $90 R/ak2 $I15 SSS $120 $9{) $125 $90' ' ' Schoo! Day Hour~: $ 50 $ 50 $ $0 The F~'bflity Srud~ mated ~ rate ors100 for 1995-96 and $105 for 1996-97. This rate w/II b~ um~ for the pr~',~nt mrna!let rink bu[ th: NM Olympic rat: will be $115 and $120 for the 1995-96 and 1996-97 .~msons. A~ the study stated Anoka, being our closest ice sales competitor, mt: wa~ $I I$ for 1995-96 for th:/r ,,:w sh~.~. TI~ Elk P,/ver Youth Hockey Boar~ h~ token the position in th: past .~-vmm] year~ that w: n~:~ to charge an hourly rental rate that will cover our building expens~ and the above rates help us achieve this goal. We would prupose that the A.v, ociations renting large amount~ of ice time rent a share ofboth ice shee~ in their conu'acts. The average cost to them would then be $107.50 per hour for the 1995-96 season. The Feam'bility study has Elk River School District 728 with a contract of I;26,400 in 1994-95 and 1;27;000 in'1995-96. We took that as a separate line item because of a change in conu-act agr~ment beginning in 1994-95. The contract is now on an hourly basis at/he going rate per hour. The eslimate is 240 hour~ multiplied by the rate of both shee/s divided by 2. For they will be shaming both sheets ofice. The hourly rental agreement with the Elk River School District has allowed the Ice Arena to sell additiortal hours, at a lower rate, during the daytime for preschool skating lessons and ~ ~ . School gym classes or special events. , The 1995-96 season identified ice ~.ntal hours is 2982 hours (2564 prime, 259 non-prime). The md flail here is ~hat if we cannot guarentee that the facility will be open November I$~ 1995/his will affect the contrac~ with St. Michael, Monticello and Osseo. The attached letters show there interest in renting ic~ from our faciflity. They need 1o 5nalize where they Will be practicing and holding games very soon probably sometime in March. This total dollar figur~ comes to $312,720 of which we deducted the Elk River School District amount of 1;25,800 because it e.,dst on a separate line. The attached spreadsheet verifies these numbem. The 1996-97 season we identified the same number of contrac~ as well as some 5uly/August r~ntal of hours that we are presently working on. Specificly a Diane Ness Power Skating, Puck Handling/Shcoting* - Paul Ostby Goalie Clinics. There is abeht 400 to 500 misc~llaneons hours stated on the attached spreadsheet [o verify these number~ The total dollar amount is I;364,653 With 2360 hours (2922 prime and 261 non-prime)' shown. Of this about 400 Hours need to be identified yet. ,MSO there is approximately 40 hours a month during the prime season available that will most likely be rented. Elk River Youth Hockey will ha~e a much better estimate ofin~ hours because of incmase, d number of teams by the fall of' 1995. There is a good chanc~ that 2-3 teams will be added for the season of 1995-96 and probably I-2 more in the season of 1996-97. The F...RYHA Board has committed in their minutes of 2/27/95 to purchase a minimum 1055 hours for 1995-96 season and .depending on adding teams an additional 100 hours are poss~le. The 1996-97 committment was for 1150 hour~ with an estimated 1% increase each year..