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4.5 SR 08-19-2024The Elk River Vision A welcoming community with revolutionary and spirited resourcefulness, exceptional service, and community engagement that encourages and inspires prosperity Request for Action To City Council Item Number 4.5 Meeting Date August 19, 2024 Prepared By Joe Stremcha, Business Services Director/Assistant City Administrator Item Description FT Center 2025 Ice, Turf, and Room Rates Reviewed by Joe Stremcha Cal Portner Tina Allard Action Requested Approve, by motion, the 2025 FT Center rate schedule as presented. Background/Discussion The City Council and Multipurpose Facility Advisory Commission held a joint Work Session to discuss the 2025 FT Center rate schedule. The following rate schedule is the result of their collaborative efforts: Contracts ▪ Existing contracts with terms ending in 2024 will be extended to expire on December 31, 2024. ▪ Existing contracts with terms ending in 2025 or later will not be renewed. ▪ User groups will follow the established FT Center rate structure upon the sunset of contract terms. Ice Rates ▪ Bronze Level User – Organizations/Individuals that purchased 0+ total hours in FYE 2023: o $255/hr = Prime (September 1 – March 31) o $204/hr = Non-Prime (April 1 – August 31) o $128/hr = ISD 728 School Hours ▪ Silver Level User – Organizations/Individuals that purchased 200+ total hours in FYE 2023: o $250/hr = Prime (September 1 – March 31) o $184/hr = Non-Prime (April 1 – August 31) o $128/hr = ISD 728 School Hours ▪ Gold Level User – Organizations/Individuals that purchased 800+ total hours in FYE 2023: o $242/hr = Prime (September 1 – March 31) o $153/hr = Non-Prime (April 1 – August 31) o $128/hr = ISD 728 School Hours Turf Rates ▪ $180/hr = Prime (November 1 – April 30) ▪ $130/hr = Non-Prime (May, September, and October) ▪ $100/hr = ISD 728 School Hours Page 46 of 327 ▪ $85/hr = Summer (June, July, and August) Room Rates ▪ $50/hr = Individual Party Room ▪ $95/hr = Combined Party Room ▪ $60/hour = Individual Meeting Room ▪ $110/hour = Combined Meeting Room ▪ $100/hour = Flex Space ▪ $125/hour = Upper lobby ▪ Room rental fees can be waived for events using FT Center catering services with food/beverage order margins exceeding the room rate. Financial Impact The FT Center ice, turf, and room rental rates are a significant source of operational revenue for the FT Center budget. Mission/Policy/Goal Responsible for every dollar - good stewards. Attachments None Page 47 of 327