96-015 RES - Laserfiche WebLink

Home Browse Search

EXHIBIT A - PAGE 5 REVISED PROPOSAL BY SUB-COMMITTEE EXPENSES: SALARIES: Thc salad, amoun{ we adjuslcd for 1995-96 ~a~ duc to thc 'late Novembe_r lSth r, an dowu to .~5,000 from thc Feasibility Study and increased it ~ I;~ to $76,000 for thc 1996-97 sea. son. The present Arena Manager sa~ is $30,2.$0; pan time lee crew is about $11,500 and concession workers are about $5700 for the past 1994-95 season for a total salary of $47450. For 1995-96 the budget figur~ of $65,000 is a good number for the two rinks would only be open for 6 months. 'The 1996-97 increase to I76,000 would increase both Ice crew and concessions workers as ',vdl as increase the Arena Manager's Salary. At present w~ have one full time Arena Manager and one hail'time employee during the skating season and other part tir~ Ice Crew ($-6) and Concession ($-6) workers. . BENEFI~: same as thc rest of thc city employees. At present thc Ax~na Manager receives a $1000 IRA annually and paid medical Blue Cross Bluc Shield insurance coverage $1700. Thc Ar~na Manager ~ r6ceives mileage at a imm of · $.23 ceats per mile which came to about $450 in 1993-94. REPAIRS F'u~al. year ending 1994 & 1995 shows thc actual Repairs and Maintenance cost at about $14,500. & MTCE. Wc thought thc $39,000 was on thc high side but left it as is for thc full 1996-97 season. Wc'did r~iuce it for thc pardal season of 1995-96. Wc feel some of thc extw. nses could be reduced by using city staff when needed for special project. And to be able to use city owned equipment instead'of re. nting iL IUIIL1TIES: The utilities we felt were very high. The total for 1993-94 was $33,500 and the Actual + Budget for 1994-95 season is at about 1~33,000. The biggest ex'pen.se for the utility group is the Elec. ri¢ at about $23,500 1993-94 and ~24,$00 for' 1994-95. Gas at $7000, Telephone at $1800 and sanitation at $1, I00. The new building will be bigger and a larger ice sheet but with nearer l=:hnology should be more efficient also. The Elk River Municipal Utilities Commission has given this project an Economic Development Rate for a $ year term. The estimate for tripling the eleca'ic u.mge with the special rote would put the cost at about S63,000 for the 1995-96 season. Doubling these other expense the total would b~ about $82,000. So we feel a conservative estimate of . $90,000 is justified. See At*ached. The benefits we felt wer~ high but if the City / lEDA takes over Operafioms of the Arenas this would Ix: the INSURANCE: There is a new In.mrance Company, Cartier Insurance Agency Duluth. MN that strictly insures Ia Aretm$ and the ~timate we received from them wa~ $20,000. 1993-94 insurance totaled S13,000 which includes Prol~rty $2560, Liability $3400 + Open Skag $155 + Rollerblading $250+Dane~ & Circus $130, Employee Dishonealy $110, Crime $150, Boiler $1600, Worker Compensation $3200, Accident & Medical $900. ZA.M~ONI: Zambord Maintenance and Fuel for 1993-94 totaled $2404. 1994-95 is estimated at $3,200. We felt the maiatenance was a little on the high side seeing that in the 3 previous yea~ we did not total $7,000. But nmognizing that the Zamboni is aging that an increase to $6,000 in I996-97 should Ix: adequate. DRY I:LOOR !ncreas~ to $2,000. , EVENTS: EXISTING ARENA DEBT: In November I995 the debt. on the existing arena will be paid off. Thc balance as of May I, 1995 is about $15,776. The debt is held by three banks, First National Bank of Elk P. iver, Bank of Elk River, and State Bank ofP. oger$. The payment ia $2,500 principle plus interest which is based on one p~rc~ntage above the T-Bill rate, not leas than 8%and not more than 10%. TM numbers are shown based on an 8% rate. PAYMENT OF PAR~ SALARIES: There is a request by the committe~ members to offset ~m¢ of the Salaries by payment from the City (Park fees) or Park and Recrmfion Board for improvements. This may only be needed for the tim three years or so depending on the bond rcuctum. P.:vi~ion Date: 2;27/95,revfeas3,dpm