HomeMy WebLinkAbout3. Building Rental Rates
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CITY OF SHAKOPEE
Memorandum
TO: Mayor and Council
Mark McNeill, City Administrator
FROM: Gregg Voxland, Finance Director
SUBJ: Building Rental Rates
DATE: March 29, 2005
Introduction
Council is requested to review the building rental schedule in
preparation for the Community Center expansion issue and the 2006
budget preparation.
Background
Attached is the building rental schedule. Council is specifically
asked to review the life, maintenance and inflation factor used in the
schedule for each building. The Building Maintenance function is
preparing an analysis of future maintenance needs by building but that
information is not available yet.
Action
Discuss and give staff direction.
Gregg Voxland
Finance Director
City of Shakopee
Building Depreciation/Rental Charges Compound
2006 BUDGET
Year Annual Rent Monthly Monthly 2006 24% Total Total
Buildin Purch Life Pro ram Char e Rent Maint 3% Inflator Monthl Rent Annual Rent
Cit Hall 1991 20 0181 73,157 6,096 417 1,560 8,073 96,880
Librar 2003 40 182 110,115 9,176 500 870 10,546 126,550
Public Works 1975 50 441 16,700 1,392 750 510 2,652 31,820
Public Works 2005 50 441 100,000 8,333 750 2,180 11,263 135,160
Police 2003 40 311 5,618,734 140,468 11,706 750 1,120 13,576 162,910
Fire Station # 1 1950 50 0321 204,021 4,080 340 417 180 937 11 ,240
Fire Station # 2 1998 50 0324 2,729,417 54,588 4,549 792 1,280 6,621 79,450
Youth Buildin 1989 50 0628 120,000 2,400 200 417 150 767 9,200
Youth Bid Remod 2001 38 0628 75,000 1,974 164 - 20 184 2,210
Civic Center 1995 50 0753/0754 5,458,702 109,174 9,098 1,250 2,480 12,828 153,940
Comm. Center Ex . 2006 30 833,333 69,444 1,250 - 70,694 848,330
Pool Filter Bid 1975 30 7752 9,720 324 27 417 110 554 6,650
Bath House Bid 1975 40 7752 59,400 1 ,485 124 417 130 670 8,040
Pool 1975 25 7752 100,000 4,000 333 417 180 930 11,160
Pool s stem Recon 1999 20 7752 900,000 45,000 3,750 500 890 5,140 61,680
Total 1,496,800 124,733 9,042 11,660 145,435 1,745,220
Assumes 40% charge to Ice Arena and 60% charge to Civic Center