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M:\MasterFiles\1999 thru 2010\2001\City Council\Council Packets\03-12-2001 Council\Item 07F--Staff Report & Res 5539, Innovative Immages--Kathleen Miller.doc <br />Item No.7F <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: Kathleen Miller, City Administrator <br />Item Title/Subject: Resolution No. 5539 Authorizing Repayment of the <br />Overpayment to Innovative Images for the Year 2000 <br />Date of Report: March 12, 2001 <br /> <br />Background <br /> <br />The Mounds View City Council entered into an Agreement with Innovative Images on <br />December 7, 1998 for the management and marketing of Mounds View Community Center <br />Banquet Facility. Per the Agreement, Images was paid $18,000 for the year ending 1999. <br />Thereafter the Agreement clearly states under Article II, page two (2), “The City will make <br />monthly payments to Images based upon actual gross revenues. Payments will be made <br />within fifteen (15) days following the end of the month for that month’s actual gross <br />revenues.” Innovative Images however was paid on a monthly basis based upon budgeted <br />estimated revenues resulting in an overpayment of $8,092.71 (see attachment prepared by <br />the Finance Department). <br /> <br />This item was reviewed with the City Attorney who advised the City to recover this <br />overpayment per Section IV of the Agreement, by advising Innovative Images that they <br />have been paid in excess of $8,092.71 and have thirty (30) days to correct the situation <br />through repayment of those dollars. <br /> <br />The City Council reviewed this issue at the March 5, 2001 Work Session and directed staff <br />to seek repayment per the City Attorney’s advice. Attached for your consideration is <br />Resolution No. 5539 Authorizing Repayment of the Overpayment to Innovative Images <br />for the Year 2000. <br /> <br /> <br />Recommendation: <br /> <br />Staff recommends the City Council approve Resolution No. 5539 Authorizing Repayment <br />of the Overpayment to Innovative Images for the Year 2000. <br /> <br />Respectfully Submitted, <br /> <br />___________________________ <br />Kathleen F. Miller <br />City Administrator