7.1. SR 04-03-1995of
Item 7.1.
River MEMORANDUM
TO: Mayor & City Council
FROM: Pat Klaers, City Administrator
DATE: April 3, 1995 ~~~
SUBJECT: Ice Arena Update
Ice Arena Task Force Chairman (and School Board member) Jeff Gongoll will
be prepared to update the City Council and the School Board on the status of
the ice arena project.
In brief, the good news is that the project can finance approximately $2
million in debt over 20 years. The bad news is that the bare bones arena that
is desired by the Task Force approaches $2.5 million. Accordingly, the
project will have to be adjusted or additional funds will have to be raised.
Additional funds can be raised through a variety of sources including possible
• 1995 state legislation that may provide some grants to help new arenas.
Timing has always been an important issue with this ice arena project. The
Task Force continues to work on this project and hopes to break ground as
soon as possible; regardless if this is June, 95, October, 95, or March, 96. The
Task Force wants to be ready to proceed as soon as the budget matches the
estimated bids.
•
City Attorney Peter Beck has been working with the School's Attorney on
some of the legal transactions that are necessary in order for this facility to
be constructed on School property and then for this facility to be owned and
operated by the City. Additional issues such as parking easements, access
easements, variances, utility easements, etc., are being worked out in the
legal documents. Peter Beck will be available at the joint meeting to answer
any questions on this part of the project.
13065 Orono Parkway • P.O. Box 490 • Elk River, MN 55330 • (612) 441-7420 • Fax: (612) 441-7425