2003, 07-15 Study Session MinutesAttendance:
Councilmembers: Staff:
Michael DeVleming, Mayor David Mercier, City Manager
Diana Wilhite, Deputy Mayor Nina Regor, Deputy City Manager
Dick Denenny, Councilmember Cary Driskell, Deputy City Attorney
Mike Flanigan, Councilmember Greg McCormick, Long Range Planning Manager
Richard Munson, Councilmember Ken Thompson, Finance Director
Gary Schimmels, Councilmember Cal Walker, Police Chief
Mike Jackson, Parks & Recreation Director
Sue Pearson, Deputy City Clerk
Chris Bainbridge, City Clerk
Absent:
Councilmember Steve Taylor, Excused
MINUTES
City of Spokane Valley
City Council Study Session
July 15, 2003, 6:00 p.m.
Mayor DeVleming opened the meeting at 6:00 p.m., welcomed all in attendance, reminded everyone
that this is a study session and there will be no public comments, and requested that all electronic
devices be turned off for the duration of the meeting.
1. Employee Introductions: City Manager Dave Mercier introduced Building Official Tom Scholtens
from Ada County, Idaho; Public Works Director Neil Kersten most recently from Fairbanks, Alaska; and
Cal Walker, Police Chief.
2. Economic Development Transition Committee Report: Bob Platte and Bob McKinley gave an
overview of their written report and also introduced Larry Meter, Chair of the Transition Committee.
Platte and McKinley stressed the need and discussed the benefits of the City of Spokane Valley having an
economic development department. Discussion ensued regarding tax increment financing issues,
enterprise zones, port districts, and general discussion of small businesses. The committee was thanked
for their diligent work.
3. Proposed Resolution for Reimbursement, Proposed Ordinance Authorizing Execution of
Interlocal Agreement re Regional Project: Bond Attorney Mike Ormsby explained that this resolution
is necessary as the City is now entering a period where it will incur expenses associated with studying and
preparing for the construction and financing of the Center Place project and that we might want to
reimburse some or all of those costs with bond proceeds. In order for the City to have that flexibility,
Ormsby recommends adoption of the resolution. Councilmember Munson reminded everyone that the
first priority is of course finalizing the land negotiations. City Manager Mercier explained that there is a
meeting scheduled for tomorrow to determine if the remaining issues can be resolved.
Ormsby explained that the ordinance assumes an agreement has been reached. He said that the
Public Facilities District agreement will be in the form of an interlocal agreement attached to the
ordinance, but because an agreement has not been finalized, this ordinance is not in condition to be
adopted. Ormsby said he wanted to present the main concepts of the ordinance, which include making
certain findings regarding the regional nature of the project. The primary issue is to make sure we have
control over the real estate upon which the facility will be built, and have control of operation. Ormsby
added that ownership of the land is a requirement of financing. The ordinance also authorizes the City
Manager (or designee) to begin work on moving forward with other consultants to prepare the bonds for
sale. Ormsby mentioned that commencement of work on this project needs to occur by December 31,
2003, but that he believes that site preparation work can be done as part of a plan for site development.
Councilmember Munson pointed out section 4 and suggested making a change as we do not have a strong
mayor type of government.
Study Session Minutes 7 -15 -03 Page 1 of 3
Date Approved by Council: 07 -22 -03
Ormsby added that an Attorney General letter (relating to a different project) suggests that all
projects needs to commence in order to qualify; but that we need to move as thoughtfully as we can and
be prepared to have some site activity accomplished by the end of this year. Ormsby concluded by stating
that the Public Facilities District did not object to his statement that this agreement would not be ready
until at least the end of this month.
4. Mirabeau Point Projects: Staff presented a project summary via PowerPoint (see attached). Deputy
City Manager Regor explained that the focus of the presentation would be on the financial aspects of the
project, concentrating on Center Place. Regor added that the architects did identify some areas that could
be developed later, and that staff seeks council advice on which avenues and options to explore. Regor
mentioned that a market study of the facility will be conducted pending further council direction. It was
also mentioned that the costs of the current senior center will be split for further analysis. Discussion
followed regarding the various possible uses of the buildings including use from the Community College,
and use and charges of the great rooms in comparison with local businesses and similar entities. It was
the consensus of council for staff to continue in their current direction, and that this matter will be brought
back for further consideration at the next council meeting.
5. Franchise Ordinance Update: Mayor DeVleming mentioned that he works for a utility company that
will eventually be before this council requesting a franchise, and wanted to announce that he will have
that perspective as this topic is being addressed. Deputy City Attorney Driskell explained his July 9
memo, adding that there are two broad categories of franchises: long term utility providers like electrical
and water, and others with shorter terms like fiber providers. It was also mentioned that except for cable
television, there is a policy of no franchise fee. It was council consensus not to pursue franchise fees.
Discussion continued through #5 of Driskell's memo. It was decided to leave #5 as is, and to bring this
issue back in two weeks and continue the discussion of Driskell's memo beginning with #6.
Mayor DeVleming called for a recess at 7:55 p.m.; and reconvened the meeting at 8:10 p.m.
6. Street Vacation Presentation: Deputy City Attorney Driskell discussed his July 7 memo of the steps
for processing a petition to vacate a city street or alley. Driskell mentioned he will check the master fee
schedule to determine if it contains fees for this process. It was also mentioned it would be good practice
to check the state auditor's office to make sure there would be no issues with the area in question. City
Manager Mercier suggested council consider the payment issue to determine what would be typical
expectations in acquiring a right -of -way.
7. Proposed Memorandum of Understanding re Cable TV Advisory Board: Deputy City Attorney
Driskell distributed a revised document just received late this afternoon. Driskell said the revisions
include a section which more clearly states that none of the jurisdictions give up any rights and that the
board is purely advisory; and if any entity desires an interlocal agreement later that can be accomplished;
this also allows the three jurisdictions to move forward and allows the City of Spokane Valley to take part
in the existing advisory board. Councilmember Munson added that the board provides a level of expertise
similar to boundary review and that board would save the City several thousand dollars with the sharing
of studies being conducted. It was also mentioned that if there is dissatisfaction for any reason, that entity
has the option to no longer be a part of the board. Driskell added he expects we will be able to fill two
positions, and that the current chair would be the third person as that person is a Valley resident. It was
council consensus to bring the revised document to the July 22n agenda for consideration of approval.
8. Proposed Water Safety Ordinance: In the interest of time, this item will be presented at the next
council meeting as a report.
9. Proposed Contract with Microflex re Sales Tax Geo- coding: Finance and Administrative Services
Director Thompson explained that this company is the State's leader to assist communities in use of geo-
coding as a means to determine where the sales tax will be directed, and that staff continues to work to
Study Session Minutes 7 -15 -03 Page 2 of 3
Date Approved by Council: 07 -22 -03
identify significant businesses. Thompson added that he feels it prudent to have Microflex perform an
analysis which will place us in a position to better understand the financial affects. It was moved by
Councilmember Munson and seconded by Councilmember Denenny to authorize the City Manager to
finalize the agreement between the City of Spokane Valley and Microflex for perfection of the geo-
coding system, and to move forward in negotiation and implementation with the Microflex contract.
Vote by Acclamation: In Favor: Unanimous. Opposed: None. Abstentions: None. Motion carried.
10. Request for Professional Services Agreement: City Manager Mercier explained that he proposes
that Dick Warren be retained on an as- needed basis to provide continued consultation with this
community for matters related to wastewater treatment and associated public works issues. It was moved
by Councilmember Denenny and seconded by Councilmember Munson to approve the request for
professional services agreement with Rich Warren. Vote by Acclamation: In Favor: Unanimous.
Opposed: None. Abstentions: None. Motion carried.
11. Advance Agenda Additions: Mayor DeVleming explained that this is an opportunity for consensus
of items to be discussed at upcoming council meetings. After brief discussion, it was decided to add
wastewater treatment issues to the August 19 agenda, and a report concerning the recent RFP for the
promotion of tourism, as Councilmember Flanigan would like to discuss council's philosophy on what we
want to do in terms of driving the tourism industry. Copies of the RFP will be included in the next council
packet of materials.
12. City Manager Comments: City Manager Mercier distributed copies of a schedule of events for
council perusal. Also distributed was a list of upcoming board and committee appointments for council
review. Mayor DeVleming stated that he would like rosters, agendas, schedules, and past minutes from
all committees council is involved with, and to keep that information in the notebook designated for that
purpose. Mayor DeVleming also invited councilmembers to look through the notebook at their leisure to
determine if there is any missing information.
It was moved by Councilmember Munson and seconded by Deputy Mayor Wilhite to extend the meeting
by fifteen minutes. There were no objections.
City Manager Mercier mentioned upcoming meetings in general, and upcoming meetings which will
require him to be away from the office; he also commented on the cash shortage that occurred between
June 5 and June 9, and that after investigation by the local police department and turning the matter to the
attention of the State Auditor, it was determined that none of the principal staff members had any part in
the disappearance of those funds, that there were many people who might have had incidental access to
the funds, and that we did all that was reasonably expected, and the matter is closed.
Deputy Mayor Wilhite mentioned the webpage selections are narrowed down to five entities which will
come for a presentation, and that packets are available for review for interested councilmembers.
There being no further business, the meeting adjourned at 9:10 p.m.
Christine Bainbridge, City Clerk
Study Session Minutes 7 -15 -03
Date Approved by Council: 07 -22 -03
Michael DeVleming, Mayor
Page 3 of 3
MEMORANDUM OF UNDERSTANDING
This Memorandum of Understanding is entered into by and between the City of Spokane
(hereinafter Spokane), the City of Spokane Valley (hereinafter Spokane Valley), and Spokane
County (hereinafter County), jointly referred to as "Parties ".
Spokane proposes to adopt SMC 10.27.905 as a new provision in its municipal code allowing
the formation of a Regional Cable Advisory Board (" Board "). This proposal invites appointment of
Board members by the three local governments to coordinate cable television issues of mutual
interest on an advisory level. In appointing members to the Board, each local government retains
complete authority over the activities of its cable operator within its respective jurisdictional
boundaries. The County's participation will be governed by a provision similar to Spokane's, to be
adopted by the County as a part of the Spokane County Code. Spokane Valley accepts the teens of
SMC 10.27.905 as its basis of participation in the regional Board.
This Memorandum takes effect upon adoption by Spokane of SMC 10.27.905 and adoption
of an analogous provision by Spokane County. It does not comprise a formal interlocal agreement,
and each government reserves all its respective powers and functions over cable television issues.
The Parties contemplate an interlocal agreement may be considered at a later time.
City of Spokane Spokane County
By: By:
Date: Date:
City of Spokane Valley
By:
Date: By:
Date:
c cpd wul . liks,.abk P inemcunndum of understanding draft nue 7-10-03
Bv:
Date:
_ 7 - /s-e8
r 3
:
City of Spokane Valley
July 15, 2003
Update on Mirabeau Point Project
Nina Regor, Deputy City Manager
Ken Thompson, Finance & Administrative Services Director
Mike Jackson, Parks & Recreation Director
Focus of Presentation
Financial Issues — What's it Going to Cost?
Development/Construction
2004 Estimate
Ongoing Revenues and Expenses
Cumulative City Commitment
Timelines and Next Steps
What is CenterPlace?
Regional Facility
Senior Center
What About an Education Wing?
REVENUES:
TOTAL
SENIOR
CENTER
REGIONAL
Bond Proceeds
$7000,000
$7,000,000
Spokane Co.
1,400,000
$1,400,000
Business and Foundations
254,050
254,050
CTED Grant
50,000
50,000
Rotary Endowment
105,000
105,000
Anonymous
1,000,000
800,000
200,000
Other
20,450
20,450
TOTAL REVENUES
$9,829.500
$2,629,500
$7,200,000
Estimate of CenterPlace
Development and Construction Budget
EXPENSES:
TOTAL
SENIOR
CENTER
REGIONAL
Construction
7,800,000
2,340,000
5,460,000
Furnishings
660,000
198,000
462,000
Sales Tax
685,000
205,500
479,500
Arch. /Eng. Fees
162,000
48,600
113,400
Permits/Traffic mitigation
288,000
86,400
201,600
Bond Sale Costs
200,000
200,000
Subtotal
9,795,000
2,878,500
6,916,500
Contingency
489,750
143,925
345,825
TOTAL EXPENSES
10,284,750
3,022,425
7,262,325
SURPLUS /(DEFICIT)
$ (455,250)
$ (392,925)
$ (62,325)
Estimate of CenterPlace Development
and Construction Budget, Continued
Personnel and Staffing
$143,756
Facility Manager (12 months)
Marketing Coordinator (6 months)
Administrative Assistant (6 months)
Office Supplies and Marketing
39,600
Equipment
10,500
Traveling and Conferences
4,000
TOTAL
$197,856
Estimate of CenterPlace
2004 Start-up Costs
REVENUES
2005
2006
2007
2008
2009
Great Room Wing
$ 67,040
$105,480
$143,920
$165,840
$179,600
Senior Center Wing
13,650
13,650
13,650
13,650
13,650
Conference Ctr. Wing
158,563
241,925
241,925
241,925
241,925
Vending Machine
1,900
1,995
2,090
2,200
2,310
TOTAL REVENUES
$241,153
$363,050
$401,585
$423,615
$437,485
Estimate of CenterPlace
Ongoing Revenues and Expenses
EXPENSES
2005
2006
2007
2008
2009
Personnel & Staffing
320,143
385,275
400,108
415,439
431,285
Office Supplies &
Marketing
37,917
38,645
39,388
40,146
40,919
Equipment & Facility
36,729
37,464
38,213
38,977
39,757
Travel & Conferences
1,620
1,652
1,685
1,719
1,754
Professional Services
157,366
160,513
163,724
166,998
170,338
83,458
85,127
87,084
88,966
90,891
Utilities
Insurance
26,520
28,139
29,896
31,812
33,909
TOTAL EXPENSES
663,753
736,815
760,099
784,057
808,851
SURPLUS /(DEFICIT)
(422,600)
(373,765)
(358,514)
(360,442)
(371,366)
Estimate of CenterPlace Ongoing
Revenues and Expenses, Continued
Cumulative City Commitment
TOTAL
CENTERPLACE
MEADOWS
2004
$ 698,106
$ 653,106
$ 45,000
2005
468,950
422,600
46,350
2006
421,505
373,765
47,740
2007
407,687
358,514
49,173
411,090
360,442
50,648
2008
2009
423,533
371,366
52,167
TOTAL
$2,830,871
$2,539,793
$ 291,078
Cumulative City Commitment
1
CenterPlace Timeline and Next Steps
By the End of December:
Determine Components of Facility
Balance Construction Budget by Identifying
Revenue Sources and Aligning Expenses
• Finalize Design of Facility
• Issue Development Permits
Finalize Interlocal Agreement with PFD
Obtain Bond Rating
Issue Bonds
Break ground (site preparation)
In Conclusion
Financial projections are staff's first best
estimate, and subject to change
Council direction will affect the assumptions
City of Spokane Valley
CenterPlace Estimates
Resources and Expenses
RESOURCES
Bond Sale Proceeds
Spokane County
Business /Foundations
Comstock Foundation
Washington Trust
Foundation Northwest
U S Bank
CTED Grant
Rotary Endowment
Anonymous
Other
EXPENSES:
Construction
Furnishings
Sales Tax
Arch/Eng Fees
Permits, trfc mtgtn, p!n revw, inspctn
Bond Sale Costs
Contingency
Total 59,829,500 52,629,500 57,200,000
Subtotal
at 5%
Total
Surplus /(deficit)
Star Plaza
CENTER PLACE SR CENTER REGIONAL
57,000,000 57,000,000
51,400,000 51,400,000
5200,000
525,000
519,050
510,000
550,000
5105.000
51, 000, 000
S20.450
5200,000
525,000
519,050
510,000
550,000
5105,000
S800,000 S200,000
520,450
57 800,000 52,340,000 55,460,000
5660,000 5198,000 $462,000
5685,000 5205,500 5479,500
5162,000 548,600 5113,400
5288,000 586,400 $201,600
5200,000 50 5200,000
59,795,000 $2.878,500 56,916,500
5489,750 5143,925 5345.825
510,284,750 $3,022,425 57.262,325
(5455,250) (5392,925) (562,325)
51,200,000 7
Mlrabeau Point CenterPlace Operating Pro -Forma
Revised 7/14/03
This Revised 7/14/03 Pro -Forma (green) is based on the Pro -Forma included in the
document Mirabeau Point CenterPlace - The Point of Discovery: prepared for the City of
Spokane Valley Mayor and Council, March 2003 (yellow).
The Revised Pro-Forma represents the current estimates of typical revenues and
expenditures associated with operating CentcrPlacx and similar facilities elsewhere.
Wherever possible, expenses have been updated to reflect actual costs to the City of
Spokane Valley. Examples include actual employee wages and benefits, property and
liability insurance, and others.
Visitation and usage numbers have been revised downward from the March 2003 Pro -
Forma. They assume moderate annual increases in the use of the Great Room Wing and
a fixed rate of usage for the Senior Center and Conference Center Wings. `life City has
not yet had time to engage in a comprehensive market analysis, so it should be noted that
these numbers arc preliminary best estimates, and will continue to be refined Use of the
building as well as expenditures and revenues. is expected to vary - both up and down.
from the estimates provided.
A couple of comments about the fees in this Pro - Forma: First, the fee amounts are not
assumed to increase over the five year period, which may not be realistic. Second.
preliminary research indicates a variety of fees and charges used by similar facilities to
generate additional income. This includes different fee structures for non - profits.
commercial use and private use. Also common are cleaning fees and set-up fees
associated with building use. Therefore. the total fee structure should be viewed as basic
and subject to revision.
It is important to note that funding through thc Public Facilities District imposes specific
limitations on thc potential use and programming of the building. These constraints may
or may not have significant impact on the ability of the City of Spokane Valley to market
CenterPlace, to meet local needs and demands, and to maximize revenues.
REVENUE
Grct.Roam_Wing:
MeetingsrCmc Organzations
Meetings with Meal
Canterencer$usinesa itl
Conferences with Meal it)
Special Events
Special Events with Meal tit
Total for Rental Only
Total for Rental *!Neal Discount
Great Room Wins Catering.
Meetings/Ovic Orgsntrations St.03(Ptete to City
Conferences 51.20fPtrte lo City
Spectttf Events S3 031Rete to Oly
Special Events St 001PIel• t0 Cty
Total for Catering
Subtotal for Great Rooni Wing
Senior Center Wins:
pub& Moeting Roma
Evening Use (per hour)
Evening Use (ell earning
Subtotal For Senior Center Wing
Confurance r*n2eLWing:
Community Meeting Rooms
Day Use S30Vftour
Osy Use S150f8 Hour Dory
Evening Use =Mos
Evening Use 175M Hour S•srron
Lecture Hall
Tnsin ng Rooms (tion-ezessive use)121
Computer Lab iNon.esrh.sive use!
Subtotal for Conference Center Wing
ven;hng Machine
Grand Total Revenue Income
$ t00'FWur
S73Haur
55009 Hr Setalon
$570/9 Hr Seeman
51300 M Ory (8 a m. -1 a.m )
51.000111 Ory (8 sun.-lam.)
Mlrabeau Point Center Place Operating Pro -Forma
7/14/03
2004 2005 2006 2007 2008 2009
o o.800 6,600 9,600 9,800 9,600
O 7.200 7.200 7.200 7,200 7,200
0 6.400 9.600 12.800 16,000 19.200
0 4,000 8,000 8,000 10,000 12.000
0 3.000 3,000 3,000 3,000 3,000
0 20,000 40.000 60.000 70,000 75,000
0 19,000 22.200 25,400 25,600 31,800
0 31,200 53.200 75.200 87.200 94,200
0 3,360 3.360 3,360 3,360 3.360
0 480 720 960 1,200 1.440
0 9,000 18,000 27,000 33.000 34.800
0 4,000 8,000 12,000 12,480 14,000
0 18,840 30,080 43,320 50,040 53,600
O 67,040 105,480 143.920 185,340 179,800
0 3,900 3.900 3,900 3.900 3.900
9,750 9,750 9,750 9,750 9,750
0 13,850 13,850 13,650 13,650 13,650
0 3,900 7,800 7,800 7,800 7,800
O 24.375 48,750 48,750 48,750 48,750
0 3.900 7.800 7.800 7.800 7.800
O 12.188 24,375 24,375 24,375 24.375
0 39.000 78,000 78,000 78,000 78.000
0 57,600 57,600 57.600 57.600 57,600
O 17.600 17,600 17.800 17.600 17,600
0 1511,563 241,925 241,925 241,925 241.925
0 1.900 1,995 2,090 2.200 2.310
0 241,153 363,050 401,585 423,615 437,485
EXPENSES
Travel 8 Conferences
Mirabeau Point Center Placa Operating Pro -Forma
7114103
2004 2005 2006 2007 2008 2009
Salary 5 Wages
Maabeau Point Center taw Manager 55,272 57,483 59,782 62.173 64.860 67,247
Administrative Assistant (6 months ter first yew) 16.320 32.640 33,946 35,303 36.716 38,184
Marketing Coordinator ( 6 months for first year) 20,148 40,296 41,908 43,584 45,325 47,141
Senior Cantor Speoailst 0 40788 42,420 44,116 45.881 47,716
Maintenance Worker tl 0 32,640 33,948 35,304 38.716 38,185
Maintenance Worker I 0 0 29.378 30,551 31,773 33,044
Supplemental Esnpioyees
Senior Center &ss Driver 0 5,358 5,572 5.795 6.027 8,268
Park Worker 11 0 0 8.828 9,179 9,546 9,928
Park Worker III 0 9.396 9,771 10.162 10.588 10.991
Benefits
State Retirement 12.202 27.112 27,654 28,207 28,771 29,347
Health Insurance 31.500 53,580 65,592 66.904 88.242 69,607
401A/Medicare 7.016 15,723 20.314 21,127 21.972 22.851
Labor 8 tnttlustnem 576 2,688 4,368 4,455 4,544 4,635
Unemployment 720 1,440 1,800 3.247 4.604 6,142
Subtotal for Personnel/Staffing & Benefits 143,758 320,143 385,275 400.108 415.439 431,285
Office & Operating Supplies
Office 5.Icol,es 1,000 1.000 1,000 1,000 1,000 1,000
SubscripoonaPubli=sone 500 500 500 500 500 500
Memberships 5 Dues 600 012 624 637 649 662
Postage 5.000 3.000 3.060 3.121 3,184 3.247
Uniforms (Staff) 0 155 158 161 184 168
Materials and Supplies 7,500 7,650 7,803 7,959 8.118 8.281
Marketing Expenses 25,000 25.000 25,500 28,010 26,530 27,061
Subtotal for Office Supplies and Marketing 39,600 37,917 38,545 39.388 40, r 46 40,919
Small Equipment Repair /Purchase 10,000 3339 1400 3,474 3.543 3.614
Equipment & Facility Maintenance /Repair 500 27,825 28,382 28.949 29.529 30,119
Major Equipment Purchase 0 5,565 5,676 5,790 5,!(16 6,024
Subtotal for Equipment & Facility Expanses 10,500 36,729 37,404 38213 38,977 30,757
Professional Services
Contract Cuctockni (7 dayn) 0 51,325 52,352 53,399 54.467 55,556
AM.rm 0 518 528 539 550 581
FIVAC Maintenance 0 5,589 5,701 5.815 5,931 6,060
Elevator 0 1,925 1.954 2.003 2.043 2.084
Grounds Maintenance 0 93,009 94,869 95,767 98,7172 100,678
Irttormatfon Technology Services 0 5,000 5.100 5.202 5.306 5,412
Subtotal for Professional Services 0 157,366 160,513 163,724 166,091 170,331
4 1,620 1,652 1,685 1,719 1,754
Utilities
Electric 0 46,747 47,682 48,836 49,608 50,600
Gas 0 12,467 12.716 13.225 13.489 13,759
Water b Sewer 0 6.728 6,863 7,000 7,280 7,571
Telephone (8 lines) 0 7,984 8,144 8.307 8,473 8,642
Cef phones/Pagers 0 2.680 2,938 2,996 3,056 3,117
Garbage Disposal 0 6,652 8,785 6.921 7.059 7,200
Subtotal for utilities Expenses 0 81431 85.117 17,084 88,966 90,891
Miraboau Point Center Place Operating Pro -Forma
7/14103
EXPENSES CONTINUED 2004 2005 2006 2007 2008 2009
Insurance
Property 0 1,980 2.340 2,&B 3.3 %9
Liability 0 24.570 25.799 27.088 28.43 29 9t5
Subtotal for Insurance Expense 0 26.520 28,139 29,196 31,112 33,904
Total Estimated Expenses 197,858 663,753 735,815 760,099 784,057 808,851
Total Estimated Revenues 0 241,153 363,050 401,555 423,615 437,455
SURPLUS/(DEFICIT) (197.856) (422,600) (373,765) (358,514) (360.442) (371.366)
Naas:
1 Revenue dep•c1 increasing amount of usa. The tees are the sane for eA Ave years. However, based an demand. some upward and downva rd
movewnrnl o wiU ol=.ir
2 Use of mesSng moms by college refle as a letter removed from the Chancellor of the Community Colleges of Spokane dated July 11, 2003 for
rent/lease of flue c assrvoms. This use may increase over time
r
REVENUE
Rental Income
Swint Center Classrooms - Evening (S30 per hour) . 8.2Ga - 8,557
[ducstbn Classrooms - Evening ($30 per bout) 9,840 103,334
Education Wing - Lease (Classrooms & Lab) 208,000 215,280
Great Hall 92,672 90,123
Catering/Food Services (Great Hall catered meal percentages)
48,000 49,980
Lecture Hall ($50) 78,000 80,730
Vend Machine 1,900 1,967
Total Rantal income 636,850 655,671
11/4/2002 3:23 PM
MIRABEAU CENTER PLACE OPERATINCJ PRO -FORMA
20041 20051 20081 2007( 2008
8,857
106,951
222,815
99,487
51,419
83,556
2,035
675,119
Supplemental Employoes
Park Worker 2 - Extra Help 8,080 8.826 9,664
Park Wnrket 3 - Extra Help 8.550 9,395 10,288
Office & Operating Supplies
Office Supplies 800 621 1,070
Cleaning (Including Janitorial Contract) 0 0 0
Uniforms (Staff) 150 155 2159
9,187
110,694
230,613
102.,969
53,218
68,460
2,107
595,248
9,458
114,589
238,885
106,573
55,081
89,507
2,180
618,082
Expenses
Salary & Wages
Mira beau Point CenterPluce Manager (FT') 45,137 47,448 49,877 52,431 65,116
Staff Assistant (FT) 27,393 28,796 30,270 31,821 31450
Recreation Program Coordinator (FT) 35,694 37.521 39,443 41,463 43,588
Maintenance Worker 2 26,718 28,086 29,524 31,038 32,825
Maintenance Worker 1 2.3,938 25,164 26,452 27.807 29.231
158,880 167,015 175,566 18-4,558 194,006
10,582 11,588
11,265 12,335
Benefits
State Retirement 2,113 2,221 2,335 2,455 2,580
Health lns urance 39,960 41,359 42,808 44,304 45,855
ACA 12,154 12,777 13,431 14,119 14.842
1,113 1.152
0 0
278 288
Marketing Expenses 9,300 9,628 9,963 10,312 10,673
Small Equipment Repair / Purchase 3226 3,339 3,458 3,577 3,702
Equipment Maintenance /Repair 26,884 27,825 28,799 29,807 30,850
Major Equipment Purchase 5,377 5,565 5,760 5,962 6,170
EXCERPTED FROM MIRABEAU POINT CENTER PLACE 1
VET
MIRARF.AU CENTER PLACE OPERATING PP.O FO IA
1.200
INCOME vs EXPENSES 37,599 35.372 28,183 24.765 20.737
MATED FUNDS NEEDED FOR M & 0 ABOVE AND BEYOND CURRENT BUDGET ALLOCATIONS : NIA N/A N/A N/A N/A
NOTE Inflation factor of 3.5% annually applies to caiculate figures for years 2 through 5.
1,620 2,167
MIRABEAU POINT
The Point of Discove
2,952 3.985
EXCERPTED FROM MIRABEAU POINT CENTER PLACE
11/4/2002 3:23 PM 2
Professional Services
Contract Custodial (7days) 49,589 51,325 53,121 54,980 58,1105
Alarm 500 518 538 554 574
HVAC Maintenance 5,400 5,589 9,679 10,017 10,388
Elevator 1.880 1,925 1,992 2,062 2,134
Grounds Maintenance 90,282 93,009 95,809 98,684 101,635
Postage 3,000 3,000 3,000 3,000 3,000
Training & Travel
f/tt lhIs.!
Electric 45,168 48,747 48,383 50,076 51,829
Gas 12.045 12.467 12,903 13,355 13,822
Water & Sewer 8,500 6,728 6,963 7,207 7,459
Telephones (2 lines) 1,928 1.998 2,066 2.138 2,213
Garbage Disposal 8.427 6.652 8,886 7.127 7.377
Total Estimated Expenses 499,181 520,299 646,937 570,484 595,345
rota/ Estmafed Rental income 636,880 555,871 576,119 595,248 816,082
ESTI