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Parks staff says Plaza door will cost theatre about $17,000; CAM fees and new reserve fund noted
Summary
Parks & Recreation reported the Plaza will install a new door system with the theatre's portion about $17,000, that a reserve fund has been established (taxes apply), security cameras reduced vandalism, and CAM fees have risen from about $20k to ~$100k across spaces.
Sherri Proud of Parks & Recreation reported several operational updates for Plaza facilities. "The theatre's portion is approximately $17k," Proud said regarding a new door system. Staff said they have started a reserve fund for the building; they previously believed a reserve was impermissible for a mixed-use space but learned it is allowed if taxes are paid on the reserve. Proud also said the camera system has helped curtail vandalism.
Proud reported that the initial CAM-fee investment began around $20,000 and has increased to roughly $100,000 between the lobby and second-floor spaces, indicating rising operating expenses. The Recreation Center project is advancing with pricing work underway; commissioners discussed uncertainty about the school district's participation and what that could mean for the pool component of the project.
