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HomeMy WebLinkAboutCity Council Committees - Public Facilities Distict Board - 07/26/2012 KENT Public Facilities District July 26, 2012 Board Members Present: Mike Miller, Greg Haffner, Lew Sellers, Cass Prindle, Randall Smith Others Present: Bob Nachlinger, Tim Higgins, Beth Sylves, Patrick McCluskey, Colin Campbell, Steve Hunter I. Call to Order Miller called the meeting to order at 4:00 p.m. at ShoWare Center. a. Introductions. Introductions were not made. b. Approval of Minutes. Sellers moved to approve the minutes of April 26, 2012. Smith seconded and the motion carried. II. Finance Reports a. City of Kent. Nachlinger noted that the estimated sales and use tax revenue for 2012 is $662,262, explained a graph of sales tax collections from 2008 to date, and estimated $280,000 in admissions tax and a net loss in the operating fund of $450,000. b. ShoWare Center. McCluskey noted the adjusted gross income for Quarter 2 was up from the budgeted number due to an extra concert, and expenses were slightly under. He said that before the $100,000 B & O tax, which was an unexpected expense, the year-to-date numbers were about $6,000 behind. Nachlinger explained that it was his understanding no B & O tax was payable, but a Department of Revenue auditor disagreed. He said that the B & O tax would only be assessed on actual salaries paid out by ShoWare and not on ancillary costs. Miller pointed out that arenas which are not managed by a third party are not subject to the B & O tax. The idea of making a donation and taking a credit was brought up. McCluskey noted that the admission tax collected for the City of Kent for all events from January 1 through June 30, 2012, is $108,421, and that the admission tax collected for all events since inception is $813,498. Miller said a portion of that money is income for the City, which goes into the Operating Fund. i Public Facilities District July 26, 2012 Page Two III. Operation Update a. Operator Update. Higgins reported that the building has been very active this year with 121 events and 190,000 people going through. He added that a new promoter is bringing in some shows. b. Marketing Update. Sylves noted that total attendance is nearly 1.5 million people, gave demographic information, updated social media contacts, and outlined upcoming events. She said that tickets for Skate America in October have been purchased from all over the United States, plus Canada and Japan, and that all of downtown Kent will be decorated in red, white and blue for the event. She noted for Sellers that results of their survey will be available at the next Board meeting. IV. Seattle Thunderbirds Update a. Sales, Marketing and Attendance. Campbell provided copies of the Hockey schedule and went over some of the highlights, such as Party on the Plaza, Pink the Rink, Hawaiian Night, and the Ronald McDonald Hockey Challenge. b. Advertising and Suite Sales. Campbell noted that the pricing of suites has been restructured to be more affordable, and that people are now looking forward to certain annual events. He said several previous advertisers have recently signed five year contracts and that there are new possibilities as well. He also noted that their foundation has given back over $120,000 to local youth sports in the area. V. Other Business Miller noted that Greg Haffner's term will expire on September 1st and that he has chosen not to serve another term. The Board thanked Haffner for his service. It was noted that the next meeting will be on October 25, 2012. VII. Adjournment. At 4:40 p.m., Sellers moved to adjourn. Haffner seconded and the motion carried. L"..°I}.®--' Brenda Jacober, CMS City Clerk