08/29/1974 Meeting Minutes - Laserfiche WebLink

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4 ~ r y MINUTES OF SPECIAL COUNCIL MSETING OF THE CITY OF NORTH OLMSTED August 29, 1974 Present: President Francis J. O'Neill, Councilmen Glasser, Goggin, Lampert, Sariager, Shsrpe, West, Wilsmosky. Also present: Law Director Michael Gateau, Service Director ry Caster. Meeting was called to order by President O'Neill at 7:30 P.M. LiGISLATION: Resolution No. 74-119 introduced by Mr. Glasser was given its seeotud reading. A Resolution authorizing the Mayer to advertise for bids for the cor~structioa ?. of the Recreation Complex to be constructed in the West 260th Hlock of Lorain Road in the City of North Olmsted. Mr. West moved for adjourment. I~tion did not receive a second. Mr. Glasser stated at last Spacial Council Meeting reference was made to a presentation by Koster & Associates to Council. Mr. Koster is here tonight slang with the financial people who did the feasibility study so that Council or members of audience can ask questions in regard to the R+ec Complex in light of recent developments. Mr. Giesler moved to suspend Rules of Coumcil on Special Meetings to open the meeting up to discussion both fro'a the table and the floor. Motion seconded by Mr. Wilamosky. Mr. Lampert asked if the meeting could not be ad~ouraed and then hate open discussion. Roll Call on Motiaa: Affirmati~ vote: Glasser, Goggia, Beringer, Sharpe, West, Wilamosky. Negative vote: Lampert. Motion carried. Mr. Glasser stated it is probably good that discussion be part of the record so that Council and the architect will be asked some questions. Mr. Giessen stated he would like to open with comments in regard to some recast issues brought ~ in connection with deficits of Rocky River Roc Complex. Has inquired of Rocky River Finanace Director as to what the deficits are. The $71,800 figure is ts'ue but is somewhat misleading -does not necessarily reflect the true deficit. Oae reason: there is $50,000 worth of capital improvements and detailed what inpravemants ware. Normally on a project like thi: it is either purchased at the beginning and is spread over a ZO year debit period - which then you would not have $50,000 incurred in one year: or it is purchased ?wring the period of time and spread on a depreciated basis throughout a awdter of years; so that the $71,000 figure should be reduced to some extent by $30,000. 2) another factor to be brought out is that the swimming pool complex was not made a part of this study or these figures. The swiamzing pool was already built prior to the construction of the ice rink; and was not included ihh Kostar's feasibility study or in his figures where the ice rink would make money. The pool does lose $5,000. per year - so there are about $15,000 of f#~ras in the $71,000 which are losses from the swimming pool -which the ice xink is txying to make up. 3) in the feasibility study done by Roster & Associates it was recommended that ra~xmrrc~4U':~zdy-r:.i