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CR 05-102 Pavilion hourly ice rate CITY OF July 11, 2005 m Council Report 2005-102 HOPKINS PROPOSED INCREASE TO PAVILION HOURLY ICE RENTAL PRIME RATE Proposed Action. Staff recommends adoption of the following motion "Adopt Resolution No. 2005-066 increasino the Pavilion Prime Hourly Ice Rental Rate effective Auoust 15, 2005". Overview. The Pavilion prime hourly ice rental rate has been increased every two years based upon projected operational expenses and projected hours to be sold. The last ice rental rate increase was September 1, 2003. After reviewing ice rental rates, prime time hours and the demand for ice rental hours of surrounding arenas, staff recommends an increase to the prime hour ice rate to help budget revenues meet or exceed expenses. Primarv Issue to Consider. . Should the prime ice rental rate be increased? Supportina Information. . Detailed background . Rate comparisons with other arenas or similar facilities . Analysis of issue . Resolution No. 2005-066 (lc~ Don Olson, Pavilion Manager Financial Impact: $13,000 Annual Increase To Revenues Budgeted: Yes Source: Pavilion Enterprise Fund Related Documents (CIP, ERP, etc.): 2005 Pavilion Budget Notes: Detailed Backaround. In the past, ice rental increases have been in increments of $10.00, increasing every two years. The last increase was on September 1, 2003. The rate increase will help revenues meet or exceed expenses in the Pavilion budget; expenses that increase each year as the facility gets older and operational costs increase. Non-prime ice, turf rental and dry floor hourly rental rates have no proposed rate increase to keep rates low in order to attract users and stay competitive with other facilities offering the same types of rentals. The proposed rate increase is as follows: Current Rate $150.00 $105.00 $ 75.00 $ 55.00 Proposed Rate $160.00 no increase no increase no increase Prime Time Hours Non-Prime Hours Turf Rental Dry Floor Rental All rental rates will be determined by recommendation from the Pavilion Manager and the Park Board and approval by the City Council as stated in section 2.10 of Legislative Policy #5-E Pavilion (Ice Arena) operation. The Hopkins Park Board recommended the rate increase on July 18, 2005. PRIME HOURLY ICE RATE COMPARISON OF SURROUNDING ARENAS Plymouth Eden Prairie Edina (Braemar) Brooklyn Park New Hope Minnetonka St. Louis Park Champlin 04-05 $160.00 $152.50 $150.00 $165.00 $160.00 $150.00 $140.00 $160.00 05-06 $160.00 $160.00 $155.00 $165.00 $165.00 $150.00 $145.00 ($155 for SlP Hockey Ass.) $160.00 The City will be able to increase the prime ice rental rate and still be comparable to other arenas. Ice rental user groups are aware of the proposed changes and have not voiced any concerns about the increase. Analvsis of Issue. . Should the prime ice rental rate increase? The Hopkins Park Board has reviewed this information and recommended the rate increase at the July 18, 2005 Park Board meeting. The purpose of the rate increase is to help revenues meet or exceed expenses in the Pavilion budget. The proposed prime rate of $160.00/hr is comparable to metro average. Staff feels that the market will bear the rate increase. City of Hopkins Hennepin County, Minnesota Resolution No. 2005-066 Hourly Ice Rate for Prime Time Hours WHEREAS, the City of Hopkins has established Legislative Policy #5-E, Pavilion (Ice Arena) Operation, Section 3.05; Rates for hourly ice rentals, and WHEREAS, the rate for prime time ice rental hours will be determined by recommendation from Pavilion staff and Park Board and approved by the City Council, and, . WHEREAS, an adjustment of the hourly ice rental rates must be made to offset operational expenses, and, WHEREAS, surrounding facilities have indicated comparable rate increases, NOW THEREFORE BE IT RESOLVED, that the City Council of the City of Hopkins hereby repeals the existing hourly prime ice rental rate effective August 15, 2005, and, BE IT FURTHER RESOLVED, that the hourly prime ice rental rate in the Hopkins Pavilion is set as follows: Prime Time Ice Rental Rate: $160.00/hr BE IT FURTHER RESOLVED, that the effective date of this new rate be in force in connection with all billing rendered hereunder from and after August 15, 2005. Adopted by the City Council of the City of Hopkins this 2nd day of August 2005. By Gene Maxwell, Mayor Attest: Terry Obermaier, City Clerk