06-24-1996 EDA - Laserfiche WebLink

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�DA Mceting #23 May 28, 1996 Page 1 1 2 3 4 5 6 7 8 9 10 I1 12 l3 14 15 16 17 18 19 20 21 22 23 24 25 26 27 2g 29 30 31 32 33 34 35 36 �7 38 39 40 4l 42 43 44 45 46 47 48 e � � ��' °j �t?��. R F-� r��' ,� � � � � i � d t � � � } •t , f � ` � , r; � � 1 � � � �,, ,! �� i , �J I 1. '`i � fi �`' 1 ` f� (� � �eY;.�1 �:1 l.ao '�•^- �': .. i� 1t� ?J �� Gl �\, A. Consideration of Continuing Operatian of th� Bel-Rae through July. Ms. ]3eruiett stateci �t the last 1:17/� mccting, shc �vas asl:ed to look into �vhat it �.ve>ul�l tnke to oper�tc thc Bel- Itae tlu'ough July. Mr. Jambor prei�ared u cash Ilo�.v projcction based upon the regtilar Tll�u'sday and Fi-iday night cvents which cun�cntly havc ti stc��dy follc��vin�. Thc city would be rcquir��J to halcl �� liquc�r liccn�e t�nci secitre insurtincc coverage lix lh�it license in addition to the gencral li�bility cover�ge lbr Uie building ��nci it's conlents. Mr. Jan�bor oPYercd to oversce thc operation of U�e cvents for the city tlu'ough July and beyond if th� city su desir�s. Nv�. Loiig, City Attorney> prep�red a manage�ncnt a�,n�eement �vhich ��ould allo�v Mr. .lambe�r tu hir� labor an�l run th� events as he has done so lor many years, attd it has hcen r�vic�-ved by Mr. Jillll�)l)1"S. I�1� agreeittent �vc�uld allo�-v Mr. Jambor to takc �0°/, of the protits after all ol�thc o��cr�iting expense, are ce�vercd, to covcr the ce>;l ot overseeing the o��eration. Il tlle cily �vcre to continuc opertition hcyon�l .lul��, th� prolil ��erccnta�e ��'ould increase. Ms. T3cunett prcpari;d a spreadshc�l bt�secl on the ticket /bar salcs anc3 thc t'e�; fi>r th� evcnts in July. Shc also cslim�tcd tl�c gencral operating cx��cuses lhal �voul�l he incun�ccl in kecping thc ballrootn open another month. Once th� operating cxpenses have been takcn out nf thc revcnuc, thc cify ��oul� cnd up ��ith a neg<ttive cash tlo�-v. A discussion i'ollowecl in r�gard to the cstimated r�vcnue/ey�cnscs. Ms. 13cniiatt ueried th�t Mr. J��mbors glve vcry consavative cstim��te�. Ms. "1'rtidc �vondered iC it �vuuld l,e h�nel7cial t�� ce�ntinu� uperatiim to hel�� cleG�ay th� cost ol�thc utilitics. Ms. I3ennetl stated the cosl of lhe'ulilitics �vc�uld h� c<msi�lcrahl�l Icss �vilh nci activil�� than what is estimated to COIIII[lll� II]C U�)CI'1110115 Il)1' UIIC Illl)Illjl. A�IOlYON/.SFCOA�D: L)uick/1-lankncr to cleny the con�inticcl c��ratioiis c�i� lhe 13c1-ltae H'cl�Il'00111 C�ll'OLI�;II 1�1i: montl� of July hased uu th� l'ruj�ct�d �otu�c�, <�nil U,es �pre��dsh�et and Insuranc� I,iahilities. Ms. l-lanl:i�er st�ted �vhen one ecrosiclers thc ecunoinica of this, ba��il upvn the inluru�ation �iv�il�hle, there is iiot much profit lo be madc. �l�hc pro��crty has h�en removcd from the ta� re�les. In ordcr to make any proiit, U�e city will necd to market it. 5h� �loes nc�t thi�il: th� council �vants tc� �liv�rt st��fl� time in markeling �vhen therc are so inany other tlting� that nced t�� h� donc. NL�. Linl.c stated he ho��es lu scc the builcling un�lcr ci>nstrueli<�n �vithin tw�u tnc�nths tlilil" U1C Cllv lRI�Bti COflllO� of the property. Ms. 'I�rudc nolcd shc doc, ne�t tecl il mal:cs sense tu continuc thc u��ralion li�r unly one �uonth, lio�,vever shc �vondercd if it thc city shc�ulcl c��n,i�1�r �� six munlh o��cr�ili�m. Mr. Whi[ing notc�l lh��t �vithc>ut �in>> activitic, a��ter Junc> lhc stcill an�i Citl' �'��i��il ��ill nee� tc� �vork as expediently as possiblc tc� tin�l l��ssihlc u,�s IC)f IIIC �)UIICIIII€;. V O"l'E REPORTS 3 ay�; 2 na��s ("I,ru�le/131anch�rd) Moli�m C<uried