HomeMy WebLinkAboutCity Council Committees - Public Facilities Distict Board - 04/28/2011 KENT
Public Facilities District
April 28, 2011
Boardmembers Present: Mike Miller, Greg Haffner, Lew Sellers, Randall Smith
Others Present: Bob Nachlinger, Ben Wolters, Kathy Hardy, Tim Higgins, Beth
Sylves, and Steve Hunter
I. Call to Order
The meeting was called to order by the Chair at 3:30 p.m.
a. Introductions. Assistant City Attorney Kathy Hardy was introduced.
b. Approval of Minutes. Smith moved to approve the minutes of
January 27, 2011. Haffner seconded and the motion carried.
II. Finance Report
a. Sales Tax Revenues. Nachlinger distributed copies of his report and
noted that $3.7 million in debt service was paid last year and that $850,000
in sales tax revenues was taken in. He estimated the same debt service
costs as last year and $642,000 in sales tax revenues.
Nachlinger said there was a 2.4% increase in sales tax, but that the state has
cut the streamlined sales tax mitigation by 3.4% in their budget. At Miller's
suggestion, Nachlinger agreed to add to the Sales Tax Revenue Report
columns showing the year-to-date figures for 2009 and 2010 for comparison
purposes.
Nachlinger explained that not all figures for the Operating Funds Report are
available at this time, and that budgeting for next year will be similar to last
year.
b. ShoWare Center Income Statement. Higgins reported a net income for
the first quarter of approximately $12,000, and said there have been
increases in direct event income as well as luxury box ticket sales, ticket
rebates, and facility fees.
Higgins provided a graph showing Operating Expenses and explained that
there was an unexpected increase in sewer/water utilities in February, as well
as an increase in payroll taxes. Sellers moved to approve the Finance Report.
Smith seconded and the motion carried.
Public Facilities District April 28, 2011
Page Two
III. Operator Update.
a. Event Booking and Attendance. Higgins noted that there were 34
events in the first quarter of 2010 and 52 events in the first quarter of this
year, which resulted in the increase in income shown in the income
statement. He mentioned that national agencies have become aware of
ShoWare, which has resulted in calls from agents around the country.
b. Marketing Update. Sylves noted that total attendance is over 800,000,
and that the average number of visits to the website per month is over
38,000 this year. She outlined upcoming events, and noted that some of
them may result in an impact to traffic.
Haffner suggested evaluating the food and beverage choices available,
Higgins explained that the pre-game buffet will no longer be offered because
club seat prices are going down.
IV. Seattle Thunderbirds Update
a. Sales, Marketing and Attendance. Wolters noted that the Thunderbirds,
SMG, and the City all agree that the Flex 24 package worked reasonably well
and will continue, and that the club seat prices needed to be adjusted
downward.
b. Advertising and Suite Sales. No report was given.
ADDED ITEMS
Higgins noted for Haffner that the condition of the seating is good, and that
painting of the green lines in the parking lot is to begin soon. He also said
staff works closely with the residents of the area and that there have been no
problems with crowds or parking. At Smith's suggestion, Wolters and
Higgins agreed to look into the use of people on work release to help around
the building, and Wolters explained the financing of the recently rebuilt
pedestrian crossing. It was noted that the next meeting will be on July 28.
V. Adjournment
The meeting adjourned at 4:05 p.m.
Brenda Jacober, 1"fC
City Clerk