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Item No. 6F <br />Type of Business: CA <br />WK: Work Session; PH: Public Hearing; <br />CA: Consent Agenda; CB: Council Business City of Mounds View Staff Report <br />To: Honorable Mayor and City Council <br />From: Charles Hansen, Finance Director <br />Item Title/Subject: Resolution 5711 Approving Payment to Elegant <br />Thymes Management Company for Management of <br />the Mounds View Banquet and Conference Center <br />Date of Report: February 7, 2002 <br /> <br /> <br />The attached resolution authorizes payment of management fees to Elegant <br />Thymes for the period of time in 2001 during which they were the managers. <br />This is based upon a method for calculating management fees agreed upon by <br />the city staff and the city’s new auditors, MMKR. <br /> <br />First, a total management fee for the year 2001 was calculated without regard for <br />who was managing. This fee was $12,193.03. Then it was determined what <br />percentage of total revenues was earned under each manager. These <br />percentages were then multiplied by the total fee to determine each manager’s <br />share. <br /> <br />The resolution authorizes payment to Elegant Thymes of their share of the <br />management fee ($9,607.61) less previous payments. <br /> <br /> <br />Respectfully Submitted, <br /> <br /> <br /> <br />Charles Hansen <br /> <br /> <br />RESOLUTION NO. 5711 <br /> <br />CITY OF MOUNDS VIEW <br />COUNTY OF RAMSEY <br />STATE OF MINNESOTA <br /> <br />RESOLUTION APPROVING PAYMENT TO ELEGANT THYMES MANAGEMENT <br />COMPANY FOR MANAGEMENT OF THE <br />MOUNDS VIEW BANQUET AND CONFERENCE CENTER <br />