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Memo to the Mayor & City Council/Lions Operating <br />March 19, 200 I <br />Page 2 <br /> <br />Potential Revenue <br /> <br />In order to determine possible revenue, staff reviewed rental rates of similar (age and size) of <br />facilities in other communities. Maple Grove, Plymouth and Coon Rapids all have new <br />facilities (less than five years old). Coon Rapids has a "civic room" of a size slightly larger <br />than the space proposed by the Lions Club. They have established a sliding fee scale based on <br />the type of group, resident, or non-resident. In general, the rental rates are as follows: <br /> <br />$30.00 per hour to a maximum of $90.00 for morning rentals <br />$250 on Friday or Sunday (non-profit or resident) <br />$310 on Friday or Sunday (non-resident) <br />$350 on Saturday (non-profit or resident) <br />$410 on Saturday (non-resident) <br /> <br />If it were assumed that the facility is rented each Saturday during the summer (Memorial Day <br />- Labor Day), the possible revenue generated would be $3,750 (15 Saturdays x $250). There <br />may be additional days that the building could be rented, thereby increasing the possible <br />revenue. The Lions have indicated that under the gambling statute, they must pay rent at the <br />established rate. Their bookkeeper would occupy the Lions office approximately 20 hours per <br />week. <br /> <br /> <br />