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HomeMy WebLinkAboutCity Council Committees - Public Facilities Distict Board - 10/24/2013 Public Facilities District 00001**4 KENT Board Minutes w•= ,.� October 24, 2013 ShoWare Center 625 West James Street Board Members present: Mike Miller, Lew Sellers, Jeff Piecewicz, and Randall Smith Others present: ShoWare General Manager Tim Higgins, ShoWare Director of Finance Arletta Voter, ShoWare Director of Marketing, Ryan Hart, Seattle Thunderbirds Vice President / Assistant General Manager Colin Campbell, Seattle Thunderbirds Director of Ticket Sales Sean Runnels, Interim Chief Administrator Tom Brubaker, Finance Director (Board Treasurer) Robert Nachlinger, Acting City Attorney Pat Kirkpatrick, Economic and Development Director Ben Wolters, City Clerk (Board Secretary) Ronald F. Moore and Reporter for the Kent Reporter, Steve Hunter I. Call to Order. The meeting was called to order by Chair Mike Miller at 4:02 p.m. a. Introductions. Higgins introduced Ryan Hart, Director of Marketing and Arletta Voter, Director of Finance who highlighted their careers and professional accomplishments. b. Motion to approve the minutes of July 25 2013. Moore communicated that the minutes would be emailed to the board for approval at the January 30, 2014 meeting. II. Finance Reoorts a. City of Kent. Bob Nachlinger, Finance Director discussed the financial documents and noted the Public Facilities District fund, sales tax collections, and the ShoWare Operating Fund. Nachlinger confirmed for Miller that the City transfers $500,000 from the general fund into the Public Facilities District debt. i. 2013 State Audit Update - Bob Nachlinger, Finance Director discussed page four of the report and discussed the "opinion" of the auditor's office. It was confirmed that the facility has been audited two years in a row, Nachlinger stated that he is anticipating them doing it every year. Sellers communicated that the meeting was brief and it was good news with no findings coming out of the audit. b. ShoWare Center. Tim Higgins, General Manager communicated that the net income loss year to date actual is $305,496 with $552,685 being budgeted. Miller communicated that there has been a significant reduction in the amount of loss, about $280,000 from last year. Wolters communicated that SMG and the City work on budgeting and have been dealing with the compressors which have been related to the original bond. He said SMG is working on getting the funds back to reimburse the ShoWare for the cost. He said any results of those claims will be shown in future budgets, years from now. Miller confirmed that the failure occurred when the ice was being put back in. 1 III. Operations Update a. General Manager/Marketing Update. Tim Higgins, ShoWare General Manager (Ryan Hart, ShoWare Director of Marketing) commented that 215,000 people have come to the ShoWare this year. He noted that there are some big events coming up and last year's number should be beaten. He said there have been 1.7 million people have come to the ShoWare since 2009. He added that there have been discussions about having a fifth anniversary event. He discussed upcoming events such as Disney, MMA Cage, Florida-Georgia Line, Seattle University Basketball, Harlem Globetrotters, and high school basketball. Higgins also pointed out that there has been a lot of buzz about Florida-Georgia Line selling out in two hours and said he has booked a trip to Nashville because there are country artist promoters looking to book ShoWare Center. b. City Update. Ben Wolters, Economic and Development Director discussed the City's ongoing work with SMG and said the building is starting to show some wear and tear. He said there are some maintenance items that are in the 2014 budget. The City is reviewing those items and determining what can be done. He said he is also looking at options for grants to do further energy cost savings measures. IV. Seattle Thunderbirds Update a. Sales Marketing & Attendance Update. Colin Campbell, Vice President /Assistant General Manager stated that the team is off to a good start. He noted that the team is 9-3. He said attendance is good, with half of the suites sold and five are being worked on. He added that five season packages sold this week. He discussed the Thunderbird Sports Foundation which has donated over $250,000 back to youth sports and that November 8 is the Community Sports Foundation Night. He discussed all of the charity work and promotional nights coming up. He added that the Thunderbirds have partnered with Q13 and Les Schwab for a Toy Drive for three nights in December and that the team is playing on December 31st, New Year's Eve at home, a Two-for-Tuesday night. Sellers thanked Campbell for the funding under the Community Sports Foundation and for their support to youth sports. Campbell discussed the foundation and said it's been doing well. V. Other Business None. VI. Adiournment Miller confirmed that the next meeting is on January 30, 2014. Meeting adjourned at 4:45 p.m. f Ronald F. Mpg , MNJe Board Secretary / 2