HomeMy WebLinkAboutCity Council Resolution 1996-647•
RESOLUTION No. 647
DECLARING THE INTENTION OF THE CITY COUNCIL RELATING TO
ACCOUNTING FOR THE ICE ARENA OPERATION, FUTURE ICE ARENA
RENTAL RATES, AND THAT THE ICE ARENA OPERATION BE SELF-
SUSTAINING.
Whereas, the City Council must establish ice arena rental rates for the opening of the
Plymouth Ice Arena; and,
Whereas, the exact amount of revenue that the rates will provide is unknown; and,
Whereas, the new ice arena was presented to the voters as an operation that would not
require tax funds to operate; and,
Whereas, the City Council wishes to take action to assure that the Plymouth Ice Arena
operating budget, including reserves for maintenance and equipment replacement, is
self-sustaining and will require no property tax subsidy;
NOW, THEREFORE, BE IT RESOLVED by the City Council of Plymouth,
Minnesota that the Ice Arena budget be established as an enterprise fund operation with
its operating results, including funding for reserves for maintenance and equipment
replacement, accumulating and carrying over each year to the ensuing fischl year, and,
BE IT FURTHER RESOLVED that the Ice Arena rental rates shall be examined on a
periodic basis and established at the rates necessary to eliminate any accrued deficit or
prevent any projected deficit for the ensuing fiscal year, so that sufficient revenue is
generated to cover all uperations without a tax subsidy.
Adopted by the City Council on November 20, 1996.
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