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03-11-2002 CC
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03-11-2002 CC
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MV City Council
City Council Document Type
City Council Packets
Date
3/11/2002
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Item No. 6E <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: Corrected Resolution 5711 Approving Payment to <br />Elegant Thymes Management Company for <br />Management of the Mounds View Banquet and <br />Conference Center <br />Date of Report: March 6, 2002 <br /> <br /> <br />The City Council approved Resolution 5711 at its February 11, 2002 meeting. <br />This resolution was prepared under the belief that we had all revenue <br />transactions for the banquet center for 2001. Shortly after February 11, <br />additional revenue transactions came in. These slightly raised the total revenue <br />and total management fees for 2001. The changes were discovered before the <br />payment authorized on February 11 was made. <br /> <br />Total revenues increased by $192.89. Under the formula used to allocate <br />management fees, Elegant Thymes fees increase by $55.46 and Innovative <br />Images fees increase by $2.41. <br /> <br />The resolution authorizes payment to Elegant Thymes of their share of the <br />management fee ($9,663.06) less previous payments. <br /> <br /> <br />Respectfully Submitted, <br /> <br /> <br /> <br />Charles Hansen <br /> <br /> <br /> <br />
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