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7 106 * Profits from 2000 liquor operations will fund these expenditures. It should be distinguished that the capital outlay expenditures for the Stonehouse and SAV I will be completed only if needed. Liquor Operations The profitability of St. Anthony's Liquor Operations continues to be a focus for City Staff and Council. Projected Year 2001 profits of$230,800 represent a 12.5% increase over 1999 profits. As in the past years, a portion of the liquor profits is transferred to the General Fund to offset administrative costs associated with this enterprise operation. Last year's transfer totaled $90,000. Due to the increased costs in computer processing, networking and additional staff time spent on liquor analysis and administration, staff is recommending the liquor transfer be increased to $100,000. Changes to Liquor Operations may occur at SAV I and the Stonehouse depending on what happens to the redevelopment of the St. Anthony Shopping Center area. Conclusion St. Anthony is a thriving and redeveloping community and undoubtedly major renovations and projects will continue in the coming years. Protecting and maintaining our infrastructure so that our City works both now and in the future will be an exciting challenge for City Staff and Council. One of Council's goals is to keep the Village look and feel to our community. Accordingly, service demands and the City's efforts to meet those demands, will continue to increase as these changes take place in our community. While the City always seeks to serve the residents' needs at the lowest possible.cost, major renovations to the City streets, parks and stormwater protection will inevitably lead to future demands in City spending. The City Council and Staff will need to . closely monitor the needs of the community to:determine the level of services and the . affordability of those services. Yours truly, %�d��+G1GQ-QGL • Mike Mornson City Manager