HomeMy WebLinkAboutCity Council Committees - Public Facilities District Board - 07/28/2016Public Facilities District Board Regular Meeting
Minutes
July 28, 2OL6
Kent, Washington
Date:
Time:
Place:
Attending
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Agenda:
Approved January 26, 20t7
July 28,20t6
4 p.m.
ShoWare Center
Mike Miller, Chair
Lew Sellers
Randall Smith
Jeff Piecewicz
Carmen Goers
Tim Higgins, ShoWare Center General Manager
Jason Thomsen, ShoWare Center Director of Corporate Paftnerships
Ryan Hart, ShoWare Center Director of Marketing
Josh Holmes, ShoWare Center Director of Operations
Arletta Voter, ShoWare Finance Director
Aaron BeMiller, City of Kent Finance Director (Board Treasurer)
Tom Brubaker, City Attorney
Ben Wolters, City of Kent Economic & Community Dev. Director
Sue Hanson, City of Kent Interim City Clerk (Board Secretary)
None
4
5
1. Call to Order
The meeting was called to order at 4:28 p.ffi., with acting Chair Lew Sellers
presiding.
2. Changes to the Agenda
3. Introductions
All present íntroduced themselves.
State Auditor's Office Audit Year Ending 2O15
Aoproval of the Special Meeting Minutes of April 21. 2O16
Minutes will be approved at the next regular meeting.
6. Finance Reoorts
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Public Facilities District Board Regular Meeting
Minutes
July 28, 2016
Kent, Washington
Approved January 26, 2OL7
a. City of Kent. Aaron BeMiller, presented the summary review of the
Washington State Auditor, located in the packet. The full report will be available on
the State Auditor's Website today. There are no findings and only a few language
changes to the comprehensive plan.
Arron provided details on the refunding of the $53 million sales tax bond. The bond
was initially under the Public Facility District, but after entering into an interlocal
financing agreement, the bond is now on the City's books. This should result in an
$8.5 million dollar savings over the life of the bond.
Aaron provided details on the sales tax credit that the PDF will receive until 2032.
Aaron provided details on the financial reports for 2015-2OL6, and indicated that
2016 is sales tax receipts are 13olo higher than this time last year.
b. ShoWare Center. Arletta Voter reviewed the updated report that
included a revision to the admission tax paid to the City for first half of 2OL6.
Arletta provided details on the income and expense reports and the year-to-date
status.
7. Operations Uodate
a. General Manager Update, Tim Higgins, provided details on 3'd quarter
events and sales. ShoWare has developed good relationships with agents and
promoters. Season ticket sales for the Thunderbirds have improved since last year
and are the highest it has ever been.
b, Marketing Update
Ryan Hart, provided details of attendance, and is hoping to set a new record
of 400,000 attendees by year end. The Venues Today publication has recognized
the ShoWare Center as the number 15 top spot for venues of 5,000-6,000 capacity.
Ryan indicated the ShoWare Center hosted 16 graduations with over 60,000
attendees; Christian shows are doing very well; Tacoma Stars open October 29th;
10 Disney on Ice performances; and Dolly Parton is sold out for September 21't.
ShoWare Center.com will be completely redesigned at an expense of approximately
$15,000. Seattle Thunderbirds Hockey kicks off October 1't.
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Public Facilities District Board Regular Meeting
Minutes
July 28, 2Ot6
Kent, Washington
9
Approved January 26, 2OL7
Josh Holmes indicated new LED lighting was installed. The LED lights will not
only save money, but have additional technical features including the abilíty to be
dimmed and strobed. A $40,000 rebate from Puget Sound Energy was received.
8. Seattle Thunderbirds Uodate - NONE
a. Thunderbird Sales, Marketing & Attendance
b. Adveftising & Suite Sales
Other Business
None
10 Adjournment
Chair Miller moved to adjourn the meeting.
Meeting adjourned at 4:55 p.m.
S,r,o4a^Á"*
Sue Hanson, Acting City Clerk
Board Secretary
July 28, 2OL7
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