Marina report: Grace Bay sold 23,926 gallons, 29 slips and $284,000 in revenue in 2025

Kaylee, the marina presenter, told the Minnetonka City Park Board that the Grace Bay Marina opened the boat launch March 24, allowed slip placement April 2 and began gas sales on May 12. "We sold 23,926 gallons of gas," Kaylee said, and reported 29 slips with only three vacancies at season end and a wait list of 179.

Kaylee summarized the financials: 2025 revenues were about $284,000 against estimated expenses near $221,000, producing a surplus of roughly $62,600 and a fund balance of approximately $173,861. Slip leases run up to eight years; the slip fee cited for renewals was $4,400. Kaylee said the marina closed for the season Oct. 31, with the boat launch remaining open until ice formation around Dec. 1.

Board members asked operational questions. Mike explained that outer slips are deeper (about 12 feet) and inner slips generally run around seven feet, depending on water level, and that the bridge and channel limit sailboat access. Jennifer asked who is responsible for resurfacing the parking lot; staff said the Minnesota Department of Natural Resources owns the launch and is responsible for the parking lot and launch structures, while the city owns the gas dock, slips and the building. The board also discussed an escrow reserve intended for major repairs such as dock or fuel‑system replacement; staff said the fund is tapped only infrequently.

Caleb asked whether kayak or paddleboard rack rentals had been investigated; staff replied the site lacks land and individual parking to support a concession, and noted nearby private rental operators in downtown Weisetta.

The board received the report as information with no formal action required.