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WHEREAS, on March 27, 2001 the City of Mounds View suspended the <br />contract of Innovative Images for management of the Mounds View Banquet and <br />Conference Center; and <br /> <br /> WHEREAS, on March 27, 2001 Elegant Thymes Management Company <br />was asked by the City of Mounds View to manage the Mounds View Banquet and <br />Conference Center on a temporary basis; and <br /> <br /> WHEREAS, Elegant Thymes Management Company has been managing <br />the Mounds View Banquet and Conference Center since March 27, 2001; and <br /> <br /> WHEREAS, management fees for the full year would be $12,193.03 <br />under the terms of the Banquet Center Management Agreement, and <br /> <br /> WHEREAS, Elegant Thymes Management Company managed the <br />Mounds View Banquet and Conference Center during the period in which 79% of the <br />gross revenues were earned and so would be due 79% or $9,607.60 of the management <br />fees; and <br /> <br /> WHEREAS, the City Council wishes to compensate Elegant Thymes <br />Management Company for services rendered between March 27, 2001 and December <br />31, 2001. <br /> <br /> NOW, THEREFORE, BE IT RESOLVED that the City of Mounds View will <br />compensate Elegant Thymes Management Company per the “Banquet Center <br />Management Agreement”; and <br /> <br /> NOW, THEREFORE, BE IT FURTHER RESOLVED that based on <br />$50,643.42 in net revenues, the Mounds View City Council wishes to pay Elegant <br />Thymes $2,330.07 ($9,607.61 less previous payments) per the Banquet Center <br />Management Agreement for the period of March 27, 2001-December 31, 2001. <br /> <br /> Adopted this 11th day of February, 2002. <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br />Resolution No. 5711 <br />February 11, 2002 <br />Page 2 <br /> <br /> <br /> <br /> <br /> <br /> <br /> Richard Sonterre, Mayor