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Item No. 04 <br />Type of Business: WS <br />Meeting Date: April 7,2003 <br /> <br />City of Mounds View Staff Report <br />To: Honorable Mayor and City Council <br />From: Mary Burg, Golf Course Manager <br />Subject: Golf Course Discussion <br /> <br />Background <br /> <br />There are several items for council discussion, clarification and direction is requested. <br /> <br />1. Practice Facility Bucket prices <br />2. Pro Shop Improvements <br />3. Group Event Policy Donations to Groups <br />4. Exchange for Advertising or exposure <br /> <br />Discussion <br /> <br />1. Practice Facility Token Price <br /> <br />2002 2003 2003 Adjustment <br />Small $4 $4 $5 <br />Large $7 $8 $7 <br />Jumbo $10 $11 $10 <br /> <br />The law of supply and demand affect the number of purchases of the tokens as the price <br />rises. As the price goes up the demand falls off. As the price goes down sales go up. The <br />value of the tokens increases by the rate of 3/$10. This will boost the multiple token <br />purchases. <br /> <br />The rate of 3/$11 has reduced the multiply token purchases. The perception of diminished <br />value has caused patrons to buy only one or two tokens. This is because they do not <br />want to open their wallet for $11. <br /> <br />The small bucket could be increased to $5. That amount would encourage multiple <br />purchasing, thus increasing total sales of tokens. <br /> <br />Range Price Comparison <br />The Bridges $4/35 ball $8/70 $11/105 <br />Brighton Crossroads $5/35 $6/70 $7/90 <br />U of M $4/35 $7/70 $12/150 <br />Island Lake $4/30 $5/50 $6/70 <br />Columbia $1.75/20 $3.50/40 $7/80 <br />Great Northern $3/30 $5/64 <br />Shadow Ridge Not Open Yet