2 11 10 Grand River Center FY 2011 Budget PresentationGrand River Center
FY 2011
PLATINUM HOSPITALITY
PRIVATELY MANAGES
THE CENTER
City is responsible for:
50% of gas and electric
Property, boiler, and general
liability insurance
50% of actual hotel/motel tax
generated by the Grand Harbor
Resort and Water Park
FY 2011 ESTIMATED EXPENSE
$360,874
ESTIMATED REVENUE
$53,340
PROPERTY TAX SUPPORT
$307,534
FY 2010 CIP PROJECTS
General building maintenance
$50,000 (annual)
Repairs and Maintenance
City is responsible for items in excess of
$1,000 individually and $15,000 in
aggregate in any fiscal year.
Paint Exterior
Replace Carpet and Paint the Ballroom
Replace Plasma Screens
CURRENT FURNITURE
Replace pre-function furniture
These benches will be
reupholstered and moved to
different locations.
NEW FURNITURE
These benches will be purchased
to replace existing.
Chair and table replacement schedule
FY 2011 C.I.P. PROJECTS
General building maintenance $55,000
Paint exhibit hall $80,000
Replace carpet, meeting rooms $61,200
Table / chair replacement $30,000
Window screening, mechanical room $ 2,000
Any questions?