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4.5. SR 09-17-2001 ttlver TO: FROM: DATE: SUBJECT: MEMORANDUM Mayor and Council Pat Klaers, City Administrator September 17, 200 I Consider School Small Theater Proposal ITEM 4.5. Dr. Jenson has advised me that the School Board discussed the small theater options at its September 11, 2001 meeting. Dr. Jenson will be at our City Council meeting to present the general consensus from the School Board discussion. Administrator of Community Education, Charlie Blesener, will also be in attendance at this meeting to discuss use and scheduling issues. Nothing is attached to this memo by way of additional background information. In brief, the proposal looks at five equal payments over five years with no interest and the first payment being as soon as possible in 2001; each additional payment being 12 months thereafter ($112,600 x 5 = $563,000). The "use agreement" is something that would need to be worked on and finalized at a later date.