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lights will be added for security and appeal. Parking lots will also be equipped <br />with EV charging for electric vehicles. Total budget for this is 5150,000. <br />d. Landscaping: Existing landscaping will be cleaned up and replaced with new. <br />Total budget for this is 575,000. <br />3) Financing: The construction improvements will be financedlguaranteed with cash <br />funding and a line of credit through Cashmere Valley Bank. Approximately <br />S1,000,000 will be funded through existing cash funds. The remaining funds can be <br />guaranteed through the line of credit at Cashmere Valley bank but most likely will <br />funded through cash by the time those funds are necessary. We will provide bank <br />statements and line of credit details upon request. <br />4) The annual marketing, operations, and other management costs of Rodeo Bowl will <br />depend on the total revenue that is generated. Assuming an annual revenue of 52 <br />million to start, the operating costs should be approximately 5600,000-5800,000. <br />This cost would be covered by the revenue that is brought in by the business. <br />a. More detailed operating projections will be made upon approval of our <br />proposal and the county is welcome to review these. <br />b. The business should cover these operating costs but if there was a deficit this <br />would be covered by personalfunds from other businesses that we own. <br />Personal and business tax returns provided to the county would provide this <br />assurance and are available upon request provided it stays confidential. <br />5) After the 5-year period and exercising a lease to purchase agreement: <br />a. The long-range plan for the building is for it to operate as a bowling alley and <br />restaurant as in the original proposal. There should not be any reason that <br />the originalproposal becomes unfeasible but if there was, we would work <br />with the county to find a solution in both parties' best interests. <br />b. Our original proposal conforms to the Event Center Master Plan and if <br />anything were to change, we would expect to work with the county to insure <br />it still conforms to the master plan. <br />c. A deed restriction or something similar to guarantee it continues to conform <br />with the Master Plan is acceptable. The only idea on that would be to possibly <br />but an expiration date on the restriction 20-30 years out in case something <br />out of our control changes the market or neighborhood. I am sure we can <br />make this work and agreeable for both the county and us. <br />6) This was not a question but a possible concern that we heard may arise. The concern <br />was that we would create competition with the county for event/meeting space at <br />the fairgrounds. This is not our intent, and we would like to help were needed and <br />benefit everyone involved. lf a noncompete agreement would ease any fears of <br />these we would be happy to entertain the idea.