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Agenda Memoi t e It 0 a IS e 1 Incorporated 1892 Telephone (406) 758-7700 FAX (406) 758-7758 Post Office Box 1997 Kalispell, Montana Zip 59903-1997 TO: Mayor and City Council FROM: Bruce Williams DATE: January 17, 1996 RE.: Work Session for Monday, January 22 Our Work Session on Monday evening, January 22, will include the following items: 1.) Briefing on the Golf Course Lease negotiations 2.) Discussion of the Mall Issues 3.) Continued discussion of our Water Rate 4.) Two minor subdivision requests Included in this packet is background information concerning the status of the golf course lease negotiating process. I have enclosed a copy of the last proposal from the K.G.A. and a copy of my letter in response to their last proposal. As you will note, there seems to be very little difference in our positions concerning lease income for the first five years of the proposed lease. They are at 2% of gross for green fees, membership, and driving range income (1996 - $764,000) or $15,280; my proposal of 3.5% or $26,740 more closely represents your position. Other differences are covered in my letter to them dated January 11, 1996. The subject matter concerning the mall issues outlined to you by Larry in his confidential memo dated January 12 will be discussed by Larry, so please remember to bring your copy of the memo. We would also like to use part of the evening to discuss the remaining portions of the water rate analysis with you, so please bring your copy of the report. I have also asked Amy to prepare a financial analysis of our water fund condition to determine how much in revenue bonds would have to be issued to cover estimated cost of the capital improvements included in our FY'96 budget given today's fiscal capacity of the fund. Narda Wilson indicates that she would like council to consider two minor subdivision requests recently received by FRDO. Douglas Rauthe Mayor Bruce Williams City Manager City Council Members: Gary W. NystuI Ward I Cliff Collins Ward I Norbert F. Donahue Ward II Dale Haarr Ward II Jim Atkinson Ward III Lauren Granmo Ward III Pamela B. Kennedy Ward IV M. Duane Larson Ward IV