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CR 01-169 Budget Adjustment for Pavilion/Ice Arena -t'" ~ C\TY OF m October 9, 2001 HOPKINS Council Report: 2001-169 Budget Adjustment for Pavilion/Ice Arena Proposed Action. Staff recommends adoption of the following motion: Move to approve the recommended budQet adiustments in 2001 for the replacement of arena liQhtinQ fixtures. Adoption of this motion will result in an increase in the expenditure budget for the Pavilion/Ice Arena in the amount of $7,400.00. Overview. For the Pavilion to remain competitive in today's market, improvements will need to be made to the facility in upcoming years. One of the easiest and most noticeable things we can do to is improve the arena lighting. The most common complaint we receive from our ice and turf rental customers is the poor quality of light at the Pavilion. For an initial cost of $7,400 we can replace our present fixtures with an energy saving fixture that will double our light level in the arena. Xcel Energy is currently offering a $65 rebate per fixture for the replacement of our current fixtures with new energy saving fixtures we propose to install for a total rebate from Xcel Energy of $3,575. The proposed improvement of arena lighting would also have an annual savings of 200/0 in energy costs of operating the lighting. . I n order to take advantage of current pricing and rebate at this time staff recommends the purchase of new arena lighting fixtures. Primary Issue to Consider · Expenditures to be made: replacement of arena lighting for an initial cost $7,400. This budget appropriation increase does not affect the general fund and barring any major unforeseen expenses would be covered by the Pavilions net income for 2001. Recommendations Staff recommends increasing the expenditure budget for the Pavilion/Ice Arena by $7,400 for the 2001 calendar year. ~,~er "- ~ Detailed Backaround The proposed project would involve replacing our current 55-400watt Metal Halide fixtures with 55-350watt Pulse Start Metal Halide fixtures. City staff with the assistance of a qualified electrician would perform the installation. The new fixtures would change our current light rating of 25-50 foot candles to 55-85 foot candles and also would provide a more uniform lighting over the arena floor. Primary Issue to Consider . Expenditures to be made: replacement of arena lighting for an initial cost $7,400. The initial cost would be immediately offset with the Xcel Energy rebate of $3,575 and also offer a 200/0 energy savings which would be a $20 per fixture or an annual savings of $1,100. $7,400.00 Total proposed project cost -$3.575.00 Xcel rebate $3,825 project cost after rebate -$5.500 enerav savina after five vears $1,675 in energy savings after project costs are deducted . This budget appropriation increase does not affect the general fund and barring any major unforeseen expenses would be covered by the Pavilions net income for 2001. After analyzing the Pavilions 2001 revenues and expenditures the most conservative projections show a $13,000 excess of revenue for 2001.