05-13-1996 EDA - Laserfiche WebLink

Home Browse Search

MOUND� VIEW ECONOMIC DEVELOPMENT AUTHORITY REQUEST FOR EDA CONSIDERATION STA�'F REPORT EDA MEETING DATE May 13, 1996 EDA Action: ❑ Special On ��,�� --,8��.�� ' 1�lI�ND/�Y 5� � J�� on:_ ❑ Public Hea iber: ❑ Consent A�.,....� �� '�� ite:_ ❑ EDA Business Item Description: Eeecutive Director's Review/Recommendation: - No comments to supplement t(iis report - Comnieuts 1Li1CI1CCI EX�7Ial11IlO11/Sll[11IIlaN (aUach supplement sheeis as nece:ssary) SUMNtARY: The EDA wil( obtain ownership of the Bel-Rae Ballroom facility on )uly 1, 1996 according to the purchase agreement thaC was signed by EDA representatives and Tony and Dolores )ambor on Wednesday May 8, 1996. Tony has brought an item to my attention that needs immediate consideration from the EDA this week. He advertises in the Music st Dance News, which is the Minnesota Bal(room Operators Association Newsletter. The issues come out in two month periods of which the next issue covers ]une and, )uly and the deadline for advertising is this week. Tony will be advertising events scheduled for June and would be wilting to arrange a simple schedule for ]uly if the EDA desires to hold events to help cover ucilities while planning is being done. There are weekly events, such as the Seniors Singles dance on Thursday evening that would be an easy revenue source for the EDA. In addition, he can schedule "Gentleman ]im" a county DJ for Friday nights which draws a good crowd and would help cover utilities. Tony said that he and the staff are willing to stay on as long as the Ciry needs them for these events. We can have Bob Long draw up an agreement for a period of time between the EDA and Mr. Jambor for running the operation. Two Questions: Does the EDA want to continue to have regular events at the Bel-Rae, at least through July, until agreemenrs and plans can be put together for a community center/sports facility? If yes, then Tony can include a schedule for ]uly in the next issue of Music 8i Dance News and staff can bring back more detail on arrangements with Tony and his staff at the ]une work session. If yes, the EDA wou(d need to get a beer, wine and set up license beginning July 1, 1996. Our insurance premium would increase by $241 per month. Public hearings for liquor ficenses will be set at the May 28th meeting. athy Benn t, Economic Development Coordinator\ EDA Executive Director RECONt�•IEND�TION: Staff recommends that the EDA make a motion to continue operations of the Bel-Rae Ballroom through Ju(y and direct staff to bring back a proposal for EDA consideration regarding costs\revenue for July events and