Agenda Packets - 2022/09/06 - Laserfiche WebLink

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July 13,2022 Mr.Nyle Zikmund City Administrator City of Mounds View 2401 Mounds View Boulevard Mounds View,Minnesota 55112 Dear Mr.Zikmund: Conventions,Sports &Leisure International (CSL)has completed a report summarizing the results of a feasibility study of a potential new Youth and Amateur Sports Complex in Mounds View,Minnesota.The purpose of the analysis is to assist the City of Mounds View (City)and other stakeholders in evaluating key market,program,financial and economic aspects of a potential new Youth and Amateur Sports Complex in Mounds View.The City is considering development of three additional courts adjacent to the Mounds View Community Center’s existing two-court complex to create a total of five full-sized basketball courts within a single complex. The analysis presented in this report is based on estimates,assumptions and other information developed from industry research,data and certain assumptions provided by stakeholders,discussions with industry participants,and analysis of competitive/comparable facilities and communities.The sources of information,the methods employed,and the basis of significant estimates and assumptions are stated in this report.Some assumptions inevitably will not materialize,and unanticipated events and circumstances may occur.Therefore,actual results achieved will vary from those described and the variations may be material. The analysis and findings considered the initial years of facility operation,including an anticipated COVID-19 post-pandemic recovery period.All information provided to us by the stakeholders was not audited or verified and was assumed to be correct. As in all studies of this type,the recommendations and estimated results are based on competent and efficient management of the subject facilities and assume that no significant changes in the event/utilization markets or assumed immediate and local area market conditions will occur beyond those set forth in this report. We express no opinion or assurances of any kind on the achievability of any projected information contained herein and this report should not be relied upon for that purpose.Furthermore,there will be differences between projected and actual results. This is because events and circumstances frequently do not occur as expected,and those differences may be material. We sincerely appreciate the opportunity to assist you with this project and would be pleased to be of further assistance in the interpretation and application of the study’s findings. Very truly yours, CSL International Conventions, Sports & Leisure International, LLC 520 Nicollet Mall, Suite 520, Minneapolis, Minnesota 55402 ●612.294.2000 ●www.cslintl.com