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MOUNDS VIEW ECONOMIC DEVELOPMENT AUTHORITY REQUEST FOR EDA CONSIDERATION STAFF REPORT EDA MEETING DATE May 13, 1996 EDA Action: ❑ Special On HAND DELIVERED - MONDAY 5/ 13/96 on: ❑ Public Hea iber: ❑ Consent As.....,.. ite: ❑ EDA Business REQUEST ADDITION TO AGENDA Item Description: Conciripratinn of cnntinning the npPratinnc of the Bel-Rae Ballroom through July Executive Director's Review/Recommendation: - No comments to supplement this report - Comments attached Explanation/Summary (attach supplement sheets as necessary) SUMMARY: • The EDA will obtain ownership of the Bel-Rae Ballroom facility on July 1, 1996 according to the purchase. agreement that was signed by EDA representatives and Tony and Dolores Jambor on Wednesday May 8, 1996. Tony has brought an item to my attention that needs immediate-consideratiorr•from-the EDA-this week.�=He------_--• - advertises in the Music 8t Dance News, which is the Minnesota Ballroom Operators Association Newsletter. The issues come out in two month periods of which the next issue covers June and,July and the deadline for advertising is this week. Tony will be advertising events scheduled for June and would be willing to arrange a simple schedule for July if the EDA desires to hold events to help cover utilities 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 Jim"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 City 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 agreements and plans can be put together for a community center/sports facility? If yes, then Tony can include a schedule for July in the next issue of Music a Dance News and staff can bring back more detail on arrangements with Tony and his staff at the June work session. • If yes, the EDA would 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 licenses will be set at the May 28th meeting. ba''Y`-e41-- thy Benn t,'Economic Development Coordinator\ EDA Executive Director RECOMMENDATION: 111) Staff recommends that the EDA make a motion to continue operations of the Bel-Rae Ballroom through July and direct staff to bring back a proposal for EDA consideration regarding costs\revenue for July events and beyond.