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Item No. 7.F. <br />Meeting Date: August 25, 2008 <br />Type of Business: Council Business <br />Administrator Review: _____ City of Mounds View Staff Report <br />To: Honorable Mayor and City Council <br />From: Mark Beer, Finance Director <br />Item Title/Subject: Resolution 7326 Authorizing an Increase in Event Center <br />Rates <br /> <br />Background: <br />The YMCA Advisory Committee has discussed the need for a general rate increase for <br />the event center. The City normally considers any fee changes during the November <br />time frame. The Event Center is taking a number of reservations for 2009. <br /> <br />Discussion: <br />With a number of bookings already in place and more anticipated, event center staff has <br />requested that the City consider a rate increase earlier than the November time frame. If <br />the Council wishes to consider this request the recommendation would be to increase the <br />resident rate by 3% (tier I and II) and the non-resident rate by 5% (tier III and IV). The <br />rate increase would be effective August 26, 2008 for new bookings going forward. This <br />increase would cover the banquet center, kitchen, and adjoining conference rooms. <br /> <br />Recommendation: <br />Staff recommends approval of resolution 7326 authorizing the proposed event center rate <br />increase. <br /> <br /> <br />Respectfully Submitted, <br /> <br /> <br /> <br />Mark Beer