HomeMy WebLinkAboutResolution 5711
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CORRECTED RESOLUTION NO. 5711
CITY OF MOUNDS VIEW
COUNTY OF RAMSEY
STATE OF MINNESOTA
RESOLUTION APPROVING PAYMENT TO ELEGANT THYMES MANAGEMENT
COMPANY FOR MANAGEMENT OF THE
MOUNDS VIEW BANQUET AND CONFERENCE CENTER
WHEREAS, on March 27, 2001 the City of Mounds View suspended the
contract of Innovative Images for management of the Mounds View Banquet and
Conference Center; and
WHEREAS, on March 27, 2001 Elegant Thymes Management Company
was asked by the City of Mounds View to manage the Mounds View Banquet and
Conference Center on a temporary basis; and
WHEREAS, Elegant Thymes Management Company has been managing
the Mounds View Banquet and Conference Center since March 27, 2001; and
WHEREAS, management fees for the full year would be $12,250.89
under the terms of the Banquet Center Management Agreement, and
WHEREAS, Elegant Thymes Management Company managed the
Mounds View Banquet and Conference Center during the period in which 78.88% of the
net revenues were earned and so would be due 78.88% or $9,663.06 of the
management fees; and
WHEREAS, the City Council wishes to compensate Elegant Thymes
Management Company for services rendered between March 27, 2001 and December
31,2001; and
WHEREAS, the City Council wishes to compensate Elegant Thymes
Management Company for services rendered in the future on a monthly basis.
NOW, THEREFORE, BE IT RESOLVED that the City of Mounds View
will compensate Elegant Thymes Management Company per the "Banquet Center
Management Agreement"; and
BE IT FURTHER RESOLVED that based on $50,836.31 in net revenues,
the Mounds View City Council wishes to pay Elegant Thymes $2,385.52 ($9,663.06 less
previous payments) per the Banquet Center Management Agreement for the period of
March 27, 2001-December31, 2001; and
BE IT FURTHER RESOLVED that staff is directed to make future
payments to Elegant Thymes per the Banquet Center Management Agreement on a
monthly basis and report them to the City Council on the Just and Correct Claims List.
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Resolution No. 5711
March 25. 2002
Page 2
Adopted this 25th day of March, 2002.
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Richard Sonterre, Mayor
ATTEST:
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Kathleen F. Miller, City Administrator
SEAL
Motion by: Quick
Second by: Marty
Sonterre: Aye
Quick: Aye
Stigney: Aye
Marty: Aye
Thomas: Aye
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EXHIBIT A
Total Management Fee Payable for 2001
Annual Net Revenues i Compensa-flon
i Rat~___________
E!!"~t_ $30,000.00 L-fl9t rate
$20,83~---=~1___ I 30% o'{er first $30,000
Total $50,836.3.1-______L_
I~~pensation
_.1 $6,00q_~00
I $6,250.89
i $12,250.8~_
Allocation Between Management Companies
i -Net Revenues % of Total Compensation
I $10,738.48 21.12% $2,587.83
l-,---- I ._--
I $40,097.83 78.88% $9,663.06
.....- ..-
~~q-,836~__1 _. I $12,250.89
I
i
JI-nnovative Images
I
rEie9ant Thymes
Total
Period
1/1/01 -
3/27/01
3/28/01
12/31/01
_____d~
Total Due to Elegant Thymes for 2001.
Paid in October per Resolution 5611.
Paid in December per Resolution 5675.
Remaining Balance Due.
$9,663.06
$2,100.00
$5,177.54
$2,385.52