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HomeMy WebLinkAbout2004 LEPFA Minutes LANSING ENTERTAINMENT AND PUBLIC FACILITIES AUTHORITY BOARD OF COMMISSIONERS MEETING JANUARY 27, 2004 MINUTES At 8:00 a.m. Chairman James W. Butler III called the meeting to order in the Room 205 of the Lansing Center; 333 E. Michigan Avenue; Lansing, Michigan 48933. COMMISSIONERS PRESENT:James W. Butler III, Tim Haggart, Charles Janssen, Ellen Jeffries, Cyril McGuire, Jim Ruff(Ex-Officio), Charlotte Sinadinos and Denise Wootton. COMMISSIONERS EXCUSED: Sharon Peters. OTHERS PRESENT:Heidi Brown, Marian Bryant, Linda Frederickson, William Grove, Peter Sullivan, and Patrick Talty-Lansing Entertainment and Public Facilities Authority; and Margaret Vroman, City of Lansing. III. ESTABLISHMENT OF THE AGENDA: There were no additional agenda items; therefore the agenda was maintained as established. IV. PUBLIC COMMENT: There was no public comment. V. APPROVAL OF THE The minutes of December 1�6,2003 w�eadopted pRsented 16, OMOTION: Co SECOND: Commissioner Jeffries, motion carried. mrnissioner Haggart VI. REPORTS: - A. CHAIRMAN'S REPORT: n� 1. Finance Committee: Chairman Butler reported that the Finance Committee and the Board members and staff have been working extremely hard on the budget and that there are things that we must focus on and be aware of, and he noted that he has attended many meetings dealing with the budget and he has heard Peter, Marian and Charlie discuss their feelings in this regard as well. He indicated that there is no fat, no fluff and there is no foolishness in reference to the agenda and that the budget is nothing but fact, and the fact is that there are major factors that need to be considered and he noted further that he would appreciate it if everyone would appreciate those facts. Chairman Butler noted that he and the Board members believe that the increases are bare boned; and that the operating expenses look to increase by only 2.8%. He outlined the major factors of consideration as follows: • Fringes, Worker's Compensation, and Medical/Expenses: These have increased by $210,0004250,000, which LEPFA has to deal with and address; where many other departments don't have to deal with these issues. • Building Maintenance: He noted the building is in need of maintenance and has many repairs that need to be done, i.e. the carpet has been an issue, but will cost$100,000 to replace. The folding doors need to be replaced as well at an estimated cost of $325,000. • Budget Requests: Chairman Butler noted last year we requested $594,000 and we actually received $530,000 which was a $64,000 shortfall. He noted it is becoming increasingly impossible for us to continue to get a shortfall in terms of revenue while we are constantly asked to do more with less. LEPFA Board of Commissioners Meeting Page 2 January 27, 2004 He noted we need more funding and this year we are asking for a modest increase and we also need creativity and solutions, be adopted byPheaCity. He noted we have solutions and hope that one of them wills Chairman Butler noted that we have the opportunity to meet with the City's Budget Committee this Thursday, and he asked for all of the Board are serious about the budget and r ion in being a part of the meeting so that we can let them know that w very potential solutions. 2. December Activities: Chairman Butler noted that on D s doneer 16 the LEPFA very well again.BChalSrn f n holiday party took place and that he understood th Tim Butler extended apologies, noting he was in absence. New York area on that date. He thanked Haggart for sitting in for him during h is B, SECRETARY/TREASURER'S REPORT: 1. Monthly Financials - For the Period Ending December 31 2003: Committee Chairman Sinadinos reported the following: a. Lansing City Market: Building Rental for the current period is $3,392 compared to $3,534 for the prior year and for year to date the total amount is $25,020 compared to $27,293 for the prior year. Parking for year to date is $5,732 and Parking was not received at the same time that it was received last year for the quarter and is the e difference in the revenues. Total Operating Revenues for year to date are $31, ds $27,745 for the prior year. Under Operating Expenses - Utilities for year to date are $20,601 which exceeds the prior year's amount of$19,408. Insurance/Bonding for year to sea for date is $2,162 compared to $1,868 for the previous year. Total Operating Expenses for year to date are $71,814 compared to $69,350 for last year, which is up by about$2, we 00 ion City for year to date. After Revenues over Expenses foriyeartto dateein the amount of$2,283 coibution and mpared to have excess Revenu P $1,590 for the prior year. Total Cash for the current year is $6,457 which is down from the prior year's figure of $69,403 which is due to the loan to the Lansing Center. The loan is also reflected 20 e Accounts Receivable amount of$184,888 compared to the prior year's amo t of year's amount Unreserved Equity for the current year is $174,827 compared to the prior of$159,932. Under Budget versus Actual, Building Rental for the current period is less than What was budgeted by ($138.00) and for year to date Building Rental is less than what was budgeted by ($303.00). Parking was less than what was budgeted for year to-date by ($1,351). Total Operating Revenues for year to date are less than what was bud d eee d by ($1,744). Under Operating Expenses - Utilities are higher than what was d et for year to date by $2,355. Insurance/Bonding for year to date was higher than budget by $236.00. Total Operating Expenses for year to-date are $71,814 compared to the budgeted amount of$78,201 which we es usarebetterer than than budget by $4,642et by 86A After After netting Expenses against Revenues,factoring in the City Contribution and Interest, we are better than budget by $3,290. LEPFA Board of Commissioners Meeting Page 3 January 27, 2004 b. Oldsmobile Park: The Event Revenues for the current period are $12.61 which is interest, and the final Event Expenses for Fright Night are $1,042 for an event loss of ($1,029) which was applied to the Event Development Fund. Under Operating Expenses - Professional Services for the current period are $6,920 compared to the prior year's $30.52. Committee Chair Sinadinos noted that Professional Services include two audits in this fiscal year, (there were none for the prior year) and the timing of the billing accounts for the differences. Year to date Professional Services are $13,248 compared to $175 for the previous year. Utilities for year to date are $29,669 compared to $28,475 for a $1,200 difference. Insurance/Bonding for year to date is $32,898 compared to $30,415 for the prior year. Total Operating Expenses for the current period are $35,255 compared to $27,964 for the prior year. Total Operating Expenses for year to date are $136,891 which exceeds the prior year's amount of$128,017. We have a bottom line loss for year to date of($16,338) compared to last year's loss of($7,496). Our Total Cash position for the current year is $111,598, which is down compared to the prior year's amount of$205,145, which reflects the loan to the Lansing Center. We have Net Event Development Fund of$54,337 compared to the prior year's $52,682. Accounts Receivable reflects the loan to the Lansing Center and is $77,258 compared to $6,791 for the prior year. Unreserved Equity for the current year is $84,066 compared to the prior year's $93,281. Under Budget versus Actual - under Professional Services (due to the audit) we are ($6,837) over budget for the current period and the amount for year to date is ($8,106) over budget. Total Operating Expenses for the current period were more than what was budgeted by ($5,207) and for year to date they were better than budget by $7,365, After taking into account the City Contribution and Interest, we are better than budget for year to date by $6,370. c. Lansing Center: Committee Chairman Sinadinos commented that this December was a good month and last year's current period for December is a better reflection of a typical December. This December had two large events - the Governor's "Cool Cities" Conference and the Governor's MDOT event. Building Rentals for the current period are $36,461 compared to$40,196 for the prior year. Total Building Rental for year to date is $352,045 compared to $409,444 for the prior year. Food and Beverage for the current period is $165,677 compared to $119,068 and year to date Food and Beverage is $1,027,621 compared to $1,297,784. Equipment Rental was excellent for the current period at $95,753 compared to $4,114 and for year to date the amount is $311,090 compared to$260,472 for the prior year. Labor Service for the current period is$16,001 compared to$2,169 for the current period last year and year to date Labor and Service is $88,684 compared to $81,459. Total Operating Revenues for the current period are $330,135 and the prior year's current period amount is$176,846; and the figures for year to date are $1,884,741 compared to $2,148,752. Under Operating Expenses- Salaries/Wages for year to date are $804,141 compared to $765,560 for last year which is up by about $38,000. Utilities for year to date are $262,423 compared to$284,304 for last year. Insurance/Bonding is$68,688 compared to $70,001 for the prior year. LEPFA Board of Commissioners Meeting Page 4 January 27, 2004 Event Expenses for the current period are $40,406 compared to $469.74 for last year. Food and Beverage expenses for the current period are $122,544 compared to $132,236 last year and are$711,718 for year to date compared to$807,978 for the prior year. Total Operating Expenses for the current period are $449,963 compared to $422,409 for the prior year and year to date the figure is$2,570,945 compared to$2,589,777. After netting expenses against revenues, we had a loss for the current period of($119,828) and for the year to date the loss is($686,204). After adding in the City Contribution and Interest, we have a current period loss of($70,331) and a year to date loss of($369,946). At 8:20 a.m. Jim Ruff entered the meeting. The Cash and the Cash Equivalents for the current year are $221,340 compared to the prior year's amount of $412,390. Accounts Payable for the current year are $419,417 (which reflects the Loans from Oldsmobile Park and the Lansing City Market), compared to $245,796 for the prior year. Under Liabilities - Unearned Advanced Rent, which is an indicator of future business, is$373,672 compared to $318,376 for last year. Unreserved Equity for the current year is $56,566 compared to $382,255. Under Budget versus Actual - Building Rental for the current period is better than what was budgeted by$2,625 and for year to date the amount is less than what was budgeted by ($31,113). Food and Beverage for the current period is better than what was budgeted by $36,676 and for year to date the figure is($118,385). Equipment Rental is better than what was budgeted for year to date by $132,563. Labor Service is better than what was budgeted for year to date by$27,170. Total Operating Revenues for the current period are $330,135 compared to the budgeted amount of$180,945 and for year to date the figure is better than budget by $18,318. Under Operating Expenses — Salaries/Wages for year to date are better than what was budgeted by $28,299. Fringes and Related costs were higher than what was budgeted by ($4,976) for year to date. Utilities are better than what was budgeted by $28,090 for year to date. Insurance/Bonding exceeds budget by ($2,394). Events were higher than what was budgeted by ($54,366) for year to date. Total Operating Expenses were better than budget by$13,009. After netting Expenses against Revenues, we are better than budget by $31,327. After taking into account the City Contribution and Interest, we are better than budget for the Lansing Center by $24,101. Finance Committee Chairman Sinadinos moved that the monthly financials for Oldsmobile Park, the Lansing City Market, and the Lansing Center for the period ending December 31, 2003 be received as published, and further that the monthly expenses for each entity be approved. SUPPORT: Commissioner McGuire, motion carried. Finance Committee Chairman Charlie Sinadinos noted that there have been several meetings regarding the budget, and it has been reviewed very thoroughly and the Finance Committee would recommend adoption. Prior to beginning the budget presentation, Peter asked Patrick and Linda to give brief reports on the Union and the City Market. LEPFA Board of Commissioners Meeting Page 5 January 27, 2004 C. PRESIDENT AND CEO'S REPORT: 1. UnionReport: No report. 2. Lansing City Market: Linda Frederickson reported that for December Rent Revenue was up as well as Occupancy and she noted that it was a good month for the Market and attributed it to the mild weather and the entertainment. January-March winter hours have been instituted and the Market is now open from10:00 a.m. until 5:00 p.m. spring sprucing within the Market is slated to begin within the next month. Recruitment efforts include a verbal agreement with Schlitz Deli which will include approximately 14 spaces in the northwest wing of the Market with possession occurring on March 1 and he hope to open in May. We also have a verbal commitment from Appleschram Market to return for the summer, and everyone is eager for the spring season. Commissioner Janssen asked if the entertainment has had an impact. Linda indicated she is not certain if there is a correlation between sales and the entertainment, but she noted that it does improve the atmosphere and flavor of the Market. D. PROPOSED FYE 2004-2005 ANNUAL BUDGET: 1. Cover Memo: Peter reported that the memo explains that we have compiled budgets for the Lansing Center, Oldsmobile Park and the Lansing City Market while the second paragraph notes our projections of Revenues of$4,800,000 with Expenses of$5,800,000 which results in a projected City Contribution of $770,000 for an estimated $171,000 increase in funding. He noted that last year we received $600,000 in funding rather than the $663,000 requested, and that had we received what we requested last year, this year's request would have been an increase of$106,000. Revenue projections for the Lansing Center are trending to remain flat (although we do project a revenue increase of about $26,000). We are also projecting a decrease in Rental Income of about $39,000 which ultimately drives Food and Beverage Revenues, Equipment Rental, and Labor Services, which we also project to remain constant. In regard to total operating expenses, we are projecting a modest increase of 2.8% despite property insurance increases of 7.5% from 2004 to 2005 (a 68% increase over the past 2-3 years), as well as a 15% increase in medical insurance (which has increased 27% over the past several years) and guaranteed Union contractual increases. Oldsmobile Park expenses are anticipated at$226,000 as compared to $213,000 in 2004 due primarily to increases in property insurance. We project presenting 22 events comprised of 34 event days, consisting of a variety of events. Lansing City Market revenues are projected at $82,000 while incurring expenses of $157,000 resulting in a projected City contribution of$72,000 or a minimal 3.4% increase which is primarily due to property insurance and utilities. We have proposed a Salary Allocation of Management Salaries/Fringes at Oldsmobile Park, but feel an increase is needed from 4% to minimally 6.5%. Our budget projections are estimates based on approximately 750 event days, attracting approximately 500,000 attendees, with an estimated economic impact of $13,000,000. Common Ground will be in its fifth year this year, and our holiday sales and promotions are ahead of last year and we hope after having earned a profit last year that we will do the same this year with luck, good weather and good mix of musical entertainment. LEPFA Board of Commissioners Meeting Page 6 January 27, 2004 To-date, more than 254,000 have attended the festival over the past four years, with an estimated economic impact of $14,000,000 based upon the CVB formula. We have donated in excess of$75,000 to the various non-profits who have worked at the Festival. We look forward to our continued partnership with the City, and support of our Board, in regard to operating the facilities which we manage. 2. Salary Allocation: Peter noted that this started in 1999 when it was determined that 5% of all full-time LEPFA salary and benefits would be charged to Oldsmobile Park. The genesis of this was through our auditors who met with LEPFA staff and Bob Swanson, and explained that many folks at the Lansing Center spend a considerable amount of time at Oldsmobile Park, but there is no allocation. In 1998/99 a formula was developed and in the "Chairman's Special Report on Finances," the Board recommended that 25% of the salaries/wages of those individuals who work at Oldsmobile Park be allocated and ultimately the percentage that was agreed upon was 4-5% ($42,000). Peter noted that in the cover letter he indicated that he feels it is time to re-evaluate the allocation and he and Marian have made a recommendation of at least 6.5% or $70,000. 3. Lansing City Market: Peter reported that total operating revenues were reported to be about $82,500 which is consistent with the 2004 budget. Building Rental is projected to increase slightly while parking revenues are projected to decrease slightly. Operating Expenses are estimated to be $157,200. Income Loss is projected to be $72,000 versus $69,000 for last year and the reasoning for the increase is insurance/bonding and utilities. Otherwise the budget is commensurate with the 2003/2004 budgets. 4. Oldsmobile Park: Peter noted again that there is not a significant difference in comparing the 2004 and 2005 budgets; however we are budgeting additional dollars for insurance/bonding and utilities based upon the actuals for 2003. Peter noted that we are asking the City to take a hard look at what they are allocating based on what we have requested and what we have actually received over the past several years while taking into consideration the changes with insurance/bonding and the proposed allocation changes. 5. Lansing Center: Total Operating Revenues are projected to be$4,700,000 which is similar to the 2004 budget and essentially we are projecting revenues to be flat or about$26,000 more. Building Rental is estimated to be $1,015,000 which is the amount that we are comfortable with at this time and is about $40,000 less than 2004. Peter noted Building Rental is a driver and major component of other revenue sources (Food and Beverage, Equipment Rental and Labor Service). We are also projecting Food and Beverage to be flat in comparison to 2004. Equipment Rental is also projected to be flat at $504,000 versus $499,000 and Revenue is expected to increase slightly for Labor Service. Total Operating Expenses as compared to 2004 indicate a modest 2.7% increase. The increase for full time Management Staff is 2% and the remaining percentage increase is for Union contractual obligations which are slightly above 3%. Fringes are projected at a modest 4% increase and this area continues to grow and we as well as the City, continue to review this area. Utilities are budgeted at $611,000 and are dependent upon the mix of events. Marketing is down slightly, Repairs and Maintenance is flat and the same for Supplies and Materials. Insurance and Bonding is budgeted up by $10,000 or 7.6%. Food and Beverage expense is commensurate with the revenue at $2,750,000. Total Operating Expenses are $5,645,000 versus $5,493,000 for the prior year. LEPFA Board of Commissioners Meeting Page 7 January 27, 2004 After backing out Interest and Depreciation and considering the allocation we are at $698,000, which is $171,000 more than our request from last year, and is explained for the following reasons: • Revenue: Revenue is projected to be flat; however, in 2003 we had a record Total Operating Revenue year because it was the first time we hit$5,000,000 despite the hit our industry took in 2001. Peter noted he feels that continued spiking of our Revenue is behind us due to the economy in general and groups tightening their budgets thus, projections for 2004 are less than 2003, which was a record revenue year. Rental Revenues will remain steady at about$1,000,000 which may or may not drive the other Revenue areas. Peter explained that the reasons for projecting that Rental will stay flat include competition, the economy, client belt tightening, and space constraints. He explained further that we started the expansion study four and a half years ago and we are at the point that we now need to expand and we can no longer accommodate some of our larger tradeshows, such as Michigan Nursery and Landscape (they will not be here in 2005-7 and are moving to Grand Rapids). He also explained that there are areas that we have little to no control over such as Property Insurance which has increased dramatically, as well as Workers Comp and Fringes which equates to about $247,000 in increases over the last six years. Peter noted he believes the issue is not expense reduction, but is revenue growth and he referenced a handout which explains Rent, Food and Beverage, Equipment Rental and Labor Services beginning with our first year of operation as an Authority, and noted the exponential growth in our primary revenue areas while rental remained flat; this explains that over the years we have done a good job with revenue growth, but we are at a point that we will not see growth in primary revenue areas unless we expand, which is evident by what we are projecting for 2005. • Potential Solutions: Peter noted the Management Team has developed some potential solutions and they include reviewing the stadium allocation. Peter noted we have only allocated $42,000 for the past six (6) years to the Stadium Fund and this amount needs to be revisited with the Administration. The second solution includes a meaningful discussion with the Administration regarding parking. Peter noted that the Lansing Center generates a good deal of Parking Revenue, but we as an operation get no credit for it; while we are not trying to "pick anyone's pocket," we need to meet with Parking to discuss this concept further. Peter noted he feels this is a reasonable discussion to have with the City and ask for help. • Capital: In regard to Capital, we have budgeted$50,000 for capital this year again, and each year the City has given us$50,000 for Capital. Peter noted that over seven years that would equate to$350,000, while we have spent close to$700,000. We were able to spend $700,000 because when we "beat our budget projections," we invested the money back into the building and we created some reserves which are down due to maintaining the building. This year we are going to recommend that the $50,000 amount per year be increased to$100,000. Peter noted in order for us to continue to sell the building we need to replace the ballroom and meeting room carpet which, is 9-10 years old. Also, the partition walls in the ballrooms need to be replaced as well. Peter explained that the ballrooms are the show place for our building and are the main rooms used for weddings, and we have had complaints about the carpet. Our recommendation will be to replace the carpet and folding walls and the City appears receptive to our request. These improvements would provide a dramatic change for the rooms and would have a life of at least ten years. LEPFA Board of Commissioners Meeting Page 8 January 27, 2004 Peter noted that Commissioner Peters asked him to comment on her evaluation of the Mayor's speech last evening and to express her support of LEPFA being designated and being heavily involved in the creation of the "Entertainment District." Peter noted that he explained to Sharon that he and the Mayor will have to talk in detail about the District and that he would like to know how the rest of the Board feels about this topic. He noted that it was positioned differently in earlier drafts and his understanding was that LEPFA is considered to be a facilitator in creating a Task Force to determine what can be done in terms of an "Entertainment District." The second initiative has to do with the expansion of the Lansing Center and a hotel. Peter opened the floor for discussions. Commissioner Janssen noted to the visitors present that Peter and the staff have reviewed the budget information discussed today with the Board members a number of times and they have had the opportunity to seriously discuss these issues and that the lack of questions should not be construed as a lack of interest or that they're uninformed, but that they have all been informed of the shortfall. Jim Ruff noted that from his perspective and in working with Peter, and in helping to expand the marketability of the downtown, he agrees that we do need to expand the Lansing Center and we need to do it in such way that is not in isolation, and we need to support it and the downtown in multiple ways. He indicated that discussions have been ongoing with Mayor regarding the need to maintain a compact and vibrant downtown, which needs people and he noted he will be working with Peter on the "Entertainment He also referenced the maximum revenue potential for the Market and asked if this has been calculated, i.e. if every space was full all year along. Linda noted that it would be more complicated due to space being leased more than one time in a year, but noted that she could provide the information. He noted this would allow us to keep track of improvements in that area. Peter displayed a sample of a folding wall, which would be an upgrade to the existing walls. He noted the wall is carpeted, which is easier to clean and replace and would remove a significant amount of wear and tear and expense as well as provide sound absorption. Patrick noted it is the same walls used in Grand Rapids. Finance Committee Chair Charlotte Sinadinos moved that the proposed Annual Budget for 2004/2005 for the Oldsmobile Park, Lansing City Market and the Lansing Center be adopted as published. SUPPORT: Commissioner Janssen; motion carried. D. PERSONNEL COMMITTEE: Committee Chairman Cyril McGuire noted that the Personnel Committee has unfinished business, however he noted he is of the opinion that the issue at hand is the budget and once we have successfully completed that process the Committee will convene. E. LONG RANGE PLANNING COMMITTEE: Committee Chairman Charles Janssen noted that he and Peter met with the Mayor and discussed the expansion of the Lansing Center and noted that we will be going before City Council at some point to discuss our plan; however they were waiting until after the State of the City address to determine the Mayor's priority, which his address clearly indicated the expansion is a high priority. LEPFA Board of Commissioners Meeting Page 9 January 27, 2004 Chairman Janssen noted the issue is funding and now that Lee Hladki is in place at the CVB, we will re-activate the plan and move ahead by bringing the partners up to speed. VII. COMMISSIONER AND STAFF COMMENTS: A. Marian Bryant: Marian thanked the Commissioners for their support during the budget process. B. Commissioner Sinadinos: Commissioner Sinadinos noted that as business owner in downtown Lansing, that hopefully the Mayor and everyone else will be supportive of building this district and the expansion of the Lansing Center, and that a compact district as Jim indicated will draw people downtown, (they are being drawn to the outside malls) and this will help to keep good businesses in the downtown. C. Commissioner Tim Haggart: Commissioner Haggart thanked Marian and Peter everyone involved in working on the budget. D. Denise Wootton: Commissioner Wootton noted that we have been through the budget process year after year and we have proven that numbers are real, and it is something that has to be addressed. E. Commissioner Ellen Jeffries: Commissioner Jeffries thanked everyone for the party on December 16 and noted that the food was great. Ellen noted in regard to the Mayor's speech and the District, she felt that it would be good if the Board were kept informed of the meetings/discussions and asked if it could be fit in the Board's committee structure for discussion (i.e. Long Range Planning Committee). At 9:15 a.m. Jim Ruff exited the meeting. F. Margaret Vroman: Chairman Butler noted that Margaret is the Assistant City Attorney and she will be attending the LEPFA meetings and he welcomed her. Margaret reported that the lawsuit has been filed on behalf of LEPFA, but has not reached the servers yet. Commissioner Janssen noted that it is a collection. G. Commissioner Charles Janssen: Commissioner Janssen suggested that a letter be sent to Jim Smiertka from LEPFA thanking him for his service (or a proclamation). Commissioner Janssen noted that with Common Ground, our staff has picked up the work associated with the event, which the City has supported with funding; however, in regard to the Entertainment District, while he is very supportive of it, he questioned how much our staff will be expected to pick up and noted that he would pass that along to the City and note that this is a budget concern. He also noted that he has heard a lot of discussion in regard to the PSD and that the South Washington Business owners are questioning what they are getting other than snow removal. Commissioner Janssen asked how it all fits together and what are they doing for their money and how is it being coordinated. He also questioned from a political standpoint, should the Board raise the issue rather than Peter. Marian Bryant commented that there is about$35,000 in our budget that is earmarked for the PSD. Peter agreed that there is a$35,000 expense and we do our own snow removal. Peter noted we are a team player right now, but this would be another avenue for the City to review. LEPFA Board of Commissioners Meeting Page 10 January 27, 2004 H. Peter Sullivan: Peter reported that he would like to echo Ellen's comments in regard to the Entertainment District and that in his mind there a lot of questions to be asked by the Board to the Administration and that he echoed Ellen and Charley. He noted when this concept was proposed to him recently, his comments were "time and money" and noted that for every other undertaking the City has managed, there has been a consultant. He noted he indicated we would be happy to be on Board and that he felt it was necessary for LEPFA Board members to be on the Task Force, as well as other logical folks but that money is imperative. Peter indicated that he felt it was a logical place for us to be, but we need support and this has been a part of his discussions with the Administration. I. Commissioner James Butler: Chairman Butler's first recommendation/question was whether we could possibly get some business cards for the Commissioners, noting that as of late he is getting cards from various Board members(i.e. the Board of Water and Light, the Chamber, MSU, the State Police) and felt that they would be helpful so that they can be ambassadors for the organizations that they represent and noted it may be something that we need to think about. He also welcomed Margaret and thanked her for being a part of LEPFA and indicated that if we can be of assistance or provide information not to hesitate to ask. He also thanked Jim Ruff for attending as well, and for his willingness to sit down and discuss various issues. Peter noted that there is a meeting on Thursday at 10:30 a.m. with John McComb and Jill Rhode from the City and Board attendance would be greatly appreciated since this is the first meeting with the City. Chairman Butler questioned the dates for the Anti-Harassment in-services as was discussed at last month's meeting by Patrick. He also commended Peter for the type of visibility he received last night in reference to the Mayor's comments, and noted that it was received positively and there were people in the Chamber who felt positive and he congratulated Peter on the Mayor's recognition of the leadership that he brings to the table in dealing with the downtown Entertainment District and he is sure that there will be many good things to come from that. VIII. OLD BUSINESS: No report. IX. NEW BUSINESS: No report. At 9:25 a.m. the meeting was adjourned. THE NEXT MONTHLY MEETING IS SCHEDULED FOR TUESDAY,FEBRUARY 24,2004 AT 8:00 A.M. AT THE LANSING CENTER IN THE GOVERNOR'S ROOM. Respectfully submitted, Heidi K. Brown, Recording Secretary LANSING ENTERTAINMENT AND PUBLIC FACILITIES AUTHORITY BOARD OF COMMISSIONERS MEETING FEBRUARY 24, 2004 MINUTES At 8:00 a.m. Chairman James W. Butler III called the meeting to order in the Governor's Room of the Lansing Center; 333 E. Michigan Avenue; Lansing, Michigan 48933. COMMISSIONERS PRESENT: James W. Butler ill, Tim Haggart, Ellen Jeffries, Sharon Peters, Charlotte Sinadinos and Denise Wootton. COMMISSIONERS EXCUSED: Charles Janssen, Cyril McGuire, and Jim Ruff(Ex-Officio). OTHERS PRESENT: Heidi Brown, Marian Bryant, Linda Frederickson, William Grove, Peter Sullivan, and Patrick Talty - Lansing Entertainment and Public Facilities Authority. Sandy Allen - Lansing City Council and Margaret Vroman, City of Lansing. i III. ESTABLISHMENT OF THE AGENDA: There were no changes to the agenda. IV. PUBLIC COMMENT: ' There was no public comment. C'� V. APPROVAL OF THE MINUTES OF JANUAY 27, 2004: The minutes of January 27, 2004 were adopted as presented. MOTION: Commissioner Haggart SECOND: Commissioner Sinadinos, motion carried. VI. REPORTS: A. CHAIRMAN'S REPORT: Chairman James W. Butler III indicated that the commitment of the Board in his opinion is unbelievable. He noted that their participation and their willingness to roll up there sleeves and get involved at any time and do whatever it takes for LEPFA to be successful, the Board will do it. He noted there was a meeting on February 3 at 8:15 a.m. with John McComb and Jill Rhode, and it appeared to be a Board meeting and there appeared to be a full house with LEPFA Board members and the total participation was extremely heartwarming. He reported that there was a meeting again on February 17 at 8:00 a.m. in the Mayor's Conference Room and there was a full house again, total participation, and there was a very provocative discourse with the Mayor and John McComb. Chairman Butler thanked the Board, noting that to have a Board like ours is overwhelming and he noted that he truly appreciated the members, as well as the LEPFA staff. B. SECRETARY/TREASURER'S REPORT: 1. Monthly Financials - For the Period Ending January 31, 2004: Committee Chairman Sinadinos reported the following: a. Lansing City Market: Building Rental for the current period is $3,092 compared to $3,066 for the prior year, and for year to date the total amount is $28,112 compared to $30,359 for the prior year. Parking for year to date is $11,790 compared to $11,385 for last year. LEPFA Board of Commissioners Meeting Page 2 February 24, 2004 Total Operating Revenues for year to date are $40,207 which is less than$42,232 for the prior year. Under Operating Expenses - Utilities for the current period are $5,643 compared to$4,148 for the prior year and for year to date they are$26,244 which exceeds the prior year's amount of $23,556. Maintenance of Facilities for the current period is $4,244 (this included six months work on the grounds and painting, and was just billed) and for the prior period they were $1,614. Year to date Maintenance of Facilities is $5,870 compared to $4,561 for the prior year. Insurance/Bonding for year to date is $2,489 which exceeds the prior year's amount of$2,121. Total Operating Expenses for the current period are $16,052 compared to $12,003 for the prior year and year to date they are $87,866 compared to $81,354 for last year for a loss of($838) compared to the prior year's income of$7,841. Total Cash for the current year is $4,542 which is down from the prior year's figure of $54,131 which reflects the loan to the Lansing Center. Accounts Payable are $31,853 compared to the prior year's amount of$17,151 and includes the payment not made to the PSD and the painting that was done. Unreserved Equity is $171,705 compared to $166,183 for the prior year. Under Budget versus Actual, Building Rental for the current period is better than budget by ($172) and for year to date Building Rental is less than budget by ($131). Parking for the current period is less than budget by ($4,077) and less than what was budgeted for the year to date by ($5,428). Total Operating Revenues for year to date are less than budget by ($5,674) due primarily to parking. Operating Expenses - Utilities for the current period exceed budget by ($2,602) and for year to date Utilities have exceeded budget by ($4,957). Maintenance of Facilities for the current period are more than budget by ($3,449) and for year to date the variance is ($305). Insurance/Bonding for year to date was more than budget by ($5.63) and for year to date the amount was higher than budget by ($242.53). Total Operating Expenses for the current period are higher than what was budgeted by ($3,046) and for year to-date we are $3,340 better than what was budgeted. After factoring in the City Contribution and Interest, we are higher than budget by ($3,919) and is the result of a timing issue on a six month billing issue. b. Oldsmobile Park: The Event Revenues for the current period are $12.07 which is interest, and the Event Expenses are $5 (bank fees) which leaves $7.07 which was added to the Event Development Fund. Under Operating Expenses - Utilities for the current period are $9,037 compared to $5,443 for the prior year and Patrick is looking into the difference. At 8:13 a.m. Commissioner Sharon Peters entered the meeting. Utilities for year to date are $38,707 compared to $33,919 for the prior year. Maintenance of Facilities for the current period is $1,728, which was the repair of a fence at Oldsmobile Park. The Miscellaneous expense of$5,597for the current period is the LEPFA suite payment, which was moved to Oldsmobile Park from the Lansing Center. Total Operating Expenses for year to date are ($164,368) compared to the prior year's expenses of($145,338). We have a bottom line loss for year to date of ($23,746) compared to last year's loss of($5,421). LEPFA Board of Commissioners Meeting Page 3 February 24, 2004 The Net Event Development Fund is at$54,344 compared to the prior year's amount of$52,698. Total Cash for the current year is $89,634 compared to $175,443 for the prior year and the difference reflects a loan to the Lansing Center. Unreserved Equity is $76,665 compared to $95,372 for the prior year. Under Budget versus Actual - the Utilities were higher than what was budgeted by ($4,050) and for year to date the figure is higher than budget by ($5,014). Professional Services are higher than budget by ($8,023) for year to date and the difference in the figures is due to two (2) audits in the same fiscal year. Insurance/Bonding is higher than budget by ($4,608) for year to date. We have an Operating variance from budget for the current period of($6,238) and for year to date we are better than budget by $1,127. After taking into account the City Contribution and Interest, we are higher than budget for year to date by ($56.72). c. Lansing Center: Committee Chairman Sinadinos noted that we reached our benchmark of above$500,000 with a Total Operating Revenue of$553,980, which was an exceptional January; however, this has to be weighed against the upcoming February which is coming in at less than previous Februarys. Total Building Rental for the current period is$120,274 and was$105,192 for the prior year and year to date the amount is$472,319 which is less than last year's amount of$514,636. Food and Beverage for the current period is up at $299,138 compared to$213,737 for the prior year, and year to date Food and Beverage is $1,326,760 compared to$1,511,522 for last year. Equipment Rental for the current period is $83,157 compared to $64,234 which was up again this month, and for year to date the amount is$394,248 which exceeds the prior year's year to date amount of$324,706. Total Operating Revenues for the current period are $553,980 which exceeds the prior year's amount of$457,420; and the figure for year to date is $2,438,721 which is less than the prior year's amount of$2,606,172. Under Operating Expenses- Salaries/Wages for the current period are down at$145,057 compared to $169,303 for the prior year and year to date Salaries and Wages are up at $949,198 compared to $934,863 for last year. Fringes and Related Costs for year to date are $318,806 compared to the prior year's figure of$294,832 which is primarily medical insurance and workman's Comp. Insurance/Bonding is up slightly over the previous year at $79,127 compared to $78,546. Food and Beverage expenses for year to date are$887,878 compared to $966,559 for the prior year. We have a bottom line loss for year to date of ($256,852) compared to the prior year's loss of($63,592). After totaling together Cash and the Restricted Assets, we have $187,272 for the current year compared to the prior year's amount of $356,792. Under Liabilities - Unearned Advanced Rent is$360,523 compared to$321,137 for last year. Unreserved Equity for the current year is $169,616 compared to $387,465 for the prior year. Under Budget versus Actual - Building Rental for the current period is better than budget by $10,984 and for year to date the amount is less than budget by ($20,129). Food and Beverage for the current period is better than budget by $99,138 and for year to date the figure is less than what was budgeted by ($19,246). LEPFA Board of Commissioners Meeting Page 4 February 24, 2004 Equipment Rental is better than budget for the current period by $26,420 and for year to date it is better than budget by$158,984. Total Operating Revenues for the current period are better than budget by$145,811 and for year to date the figure is better than budget by $164,129. Under Operating Expenses — Salaries/Wages for year to date are better than budget by $7,382. Fringes and Related costs were higher than budget by ($11,568). Utilities for the current period are higher than budget by$4,075 and are better than budget for year to date by$24,015. Insurance/Bonding for year to date was higher than budget by($1,784). The Food and Beverage Expense for year to date is better than budget by $19,773. Total Operating Expenses were higher than budget by ($76,105) and for year to date they were higher than budget by ($63,095). After netting Expenses against Revenues, we are better than budget by$101,034. After taking into account the City Contribution and Interest, we are better than budget by $118,735; however due to a timing on the subsidy, the actual amount should be $92,000. Chairman Butler noted Equipment Rental was better than budget by $158,000 and asked why it was up when Building Rental was down. Peter explained that the reasoning was two fold, one explanation was that there was a greater request on the part of the clients for rental equipment and secondly the Operations Staff's efforts to secure as much Equipment Rental as possible by making our clients aware of our services. Marian noted there were also additional events that were not budgeted. Finance Committee Chairman Sinadinos moved that the monthly financials for Oldsmobile Park, the Lansing City Market, and the Lansing Center for the period ending January 31, 2004 be received as published, and further that the monthly expenses for each entity be approved. SUPPORT: Commissioner Peters, motion carried. C. PRESIDENT AND CEO'S REPORT: 1. Union Report: No report. 2. Lansing City Market: Linda Frederickson reported that January was just about equal to last January. Occupancy is at about 50% which is up about 1% over last year and the Manager anticipates that as summer approaches it will increase by about 10% which is similar to previous years. Valentines Day fell on a business day for the Market and there were three or four vendors selling fresh flowers, and they were very busy. Market clean up and beautification continues as we approach spring, and with Schnitz Deli moving forward we have been taking down roofing, have painted and prepared electrical as we prepare for the move. Vendors will be moved this week and next, and Schnitz will begin construction in mid-March and the opening is scheduled for the first week of May with a ribbon cutting celebration with the Mayor. Linda noted as we focus on the Market as a small business incubator, meetings have occurred with the University of Michigan Business School in terms of a Business Plan and a study, and we are in the initial stages with their recommendations to be forthcoming. LEPFA Board of Commissioners Meeting Page 5 February 24, 2004 Additionally Linda noted she will also meet with the Chamber's Small Business Division regarding the use of the Market as a small business incubator and we are working with them to determine if the Market can be a tool for them in helping small businesses start up and we are currently exploring what services and programs they offer and how the Market can compliment them. Peter indicated that we are also working with the EDC on small businesses loans for Market vendors. Linda noted she has also learned about LCC/Bo Garcia's "Small Business Development Center" and she will follow up with him, and she is also contacting the Department of Agriculture. Chairman Butler noted the Mayor will be ecstatic to learn of all of the developments. 3. Oldsmobile Park: Peter reported that Patrick and Operational Staff have recently met with the Lugnuts in regard to Opening Day. We are also trying to meet with the Administration per General Motor's request to change the stadium's name. GM's contract with the City for naming rights is fifteen years (at $100,000 per year). 4. Lansing Center: Peter reported that we continue to move forward on Wally Byum and we have approximately 32 food functions booked with a number of sublease agreements returned to us. We will meet with the CVB to continue our dialog and move forward in our attempts to secure more food and beverage events. Sales Report: We had 44 events equating to 68 event days, attracting close to 16,000 people, for about 43 room nights, with an estimated economic impact of approximately $1,200,000. Facility Highlights: Highlights for the month include Michigan Townships Association which attracted approximately 1,600 patrons; this group will not return until 2008 due to their rotation. Great Lakes Ice Cream and Fast Food (an annual show hosted here) did very well in terms of their attendance. We also hosted AAA of Michigan for the first time; Great Lakes Aviation returned for their third year; S. Abraham & Sons attracted about 1,000 people for their dinner (this is a food distribution show) and they are also moving to Grand Rapids for the next one to two years. Additional February events include Michigan Trucking; Social Studies and Michigan Floral, which is another event that is moving to Grand Rapids. March events include the Science Teachers, Michigan Broadcasters and some of our large consumer shows such as the Sportfishing Show, the Golf Show and the Michigan Deer and Turkey Spectacular. 5. Common Ground: In regard to Common Ground, Peter indicated that we continue to look at the talent and the routing and that at this point it is going a little slower than last year at this time in terms of commitments. We didn't announce talent until the third week in March last year, and that will be the case for this year. Additional items under consideration in terms of Common Ground include a potential carnival; a youth oriented video component called "Game Riot" which is geared toward teenagers and has traveled around the country with Lollapalooza and would be housed under a separate tent on the festival grounds with a separate admission. The final component is the potential inclusion of the symphony. Peter explained that in the past we have hosted the symphony on July Forth at Oldsmobile Park. LEPFA Board of Commissioners Meeting Page 6 February 24, 2004 This year we are looking at presenting the Lansing Symphony Orchestra and the Lansing Concert Band at the Common Ground Festival on July 4th. This year the Fourth is on a Sunday, last year it was on a Friday and we were set up and ready to go last July 4 and the Lansing Concert Band performed on the Common Ground stage. Peter noted the idea was presented to Murdock Jemerson, and while he liked the idea, he was concerned that the city-wide celebration has traditionally been free, with the Concert Band performing on the showmobile. Our event(Symphony)has been on or around July 4 with an admission price of$12 for adults and $5 for kids. Peter has met with both organizations to propose that the two(the Symphony and the Concert Band)perform as one with a grand celebration on July 4 and both were pleased with the idea. He has talked to a number of people including the Mayor who recommended that he talk to Councilmembers Allen, Leeman and Bauer who all were in favor of the concept in addition to Councilmember Wood. Peter noted it was not a "done deal" at this point due to costs associated with the event. The concept continues to be researched in terms of the presentation and financial concerns. Commissioner Peters questioned the progress in securing Al Green. Peter noted we continue working on securing acts and would have announcements around the third week in March, which is commensurate with last year, but it all depends on when the acts confirm. Peter explained that we are a small market with a small venue and typically acts book the larger markets/venues first. We continue to monitor Chicago, Milwaukee and Muskegon acts and continue the ongoing daily dialog. Councilmember Allen asked if the economy will impact the festival negatively. Peter noted of greater concern is the weather and the acts we are able to book(routing wise); however the holiday sales were far greater this year than the first four years and we are optimistic and encouraged by the many positive comments. 6. Budget: Peter thanked those that were able to attend the LEPFA Finance meetings as well as the meetings with the administration. He believes the Administration understands our situation and will continue to look at ways to help us and a budget hearing in front of Council will be in April or May. 7. Expansion: A meeting will be held on Friday to discuss a draft of the financing strategies for the expansion with our consultant. The consultant hopes to meet with the Mayor and Council President Joan Bauer and LEFPA's Long Range Planning Committee. Peter also indicated that we will set up a bus trip to Grand Rapids in the near future, which will include the Board, the Administration and Council, and will include tours of DeVos Place and the downtown. D. PERSONNEL COMMITTEE: No report E. LONG RANGE PLANNING COMMITTEE: No report. VII. COMMISSIONER AND STAFF COMMENTS: A. Councilmember Sandy Allen: Councilmember Allen noted the Committees are now meeting every other week, which makes for a long agenda. Many pilot issues are under consideration including Richard Karp's building on Kalamazoo and Washington which will house retail and office space. There is also a potential buyer for the City Club and they are considering lofts and condos and maintaining dining as well with expansion. LEPFA Board of Commissioners Meeting Page 7 February 24, 2004 Chairman Butler questioned Kris Nicholoff's appointment to the LEPFA Board. Councilmember Allen noted he was on the agenda, but she is not clear as to what transpired. She noted that Brian Jeffries pulled the appointment. Commissioner Ellen Jeffries noted that her understanding is that the Intergovernmental Committee wanted to look at the composition of our Board in terms of how many people were from the City so that there is a consistency in residency even thought it isn't a requirement of our Board. Councilmember Allen announced that Gary Caulkins was appointed to the Board of Water and Light Board. Council approved a waiver on the requirement of five years of municipal experience as it pertains to the appointment of Glenn Kirk as the City Director of Finance. VIII. OLD BUSINESS: No report. IX. NEW BUSINESS: No report. At 9:04 a.m. the meeting was adjourned. THE NEXT MONTHLY MEETING IS SCHEDULED FOR TUESDAY, MARCH 23, 2004 AT 8:00 A.M. AT THE LANSING CENTER IN ROOM 203. Respectfully submitted, Heidi K. Brown, Recording Secretary LANSING ENTERTAINMENT AND PUBLIC FACILITIES AUTHORITY BOARD OF COMMISSIONERS MEETING MARCH 23, 2004 MINUTES At 8:05 a.m. Chairman James W. Butler III called the meeting to order in Room 203 of the Lansing Center; 333 E. Michigan Avenue; Lansing, Michigan 48933. COMMISSIONERS PRESENT: James W. Butler III, Tim Haggart, Charles Janssen, Ellen Jeffries, Charlotte Sinadinos and Denise Wootton. COMMISSIONERS EXCUSED: Sharon Peters, Cyril McGuire, and Jim Ruff(Ex-Officio). OTHERS PRESENT: Heidi Brown, Marian Bryant, Linda Frederickson, Peter Sullivan, and Patrick Talty-Lansing Entertainment and Public Facilities Authority. Margaret Vroman, City of Lansing. Kevin Meyer, Meridian Entertainment Group. Darris Lee, Cranbrook Student. III. ESTABLISHMENT OF THE AGENDA: There were no changes to the agenda. IV. PUBLIC COMMENT: Chairman James W. Butler III introduced and welcomed Darris Lee, a senior Cranbrook Honor Student and he reviewed his honors, activities and interests and explained that Darris is shadowing him for the day. V. APPROVAL OF THE MINUTES OF FEBRUARY 24, 2004: The minutes of February 24,2004 were adopted as presented. MOTION: Commissioner Haggart SECOND: Commissioner Jeffries, motion carried. VI. REPORTS: A. CHAIRMAN'S REPORT: Chairman James W. Butler III indicated that the commitment of the Board continues to amaze him and as time progresses the Board is involved in more meetings and the participation of the Board has been quite significant. He noted through the Boards' support, we were able to get most of the items we requested approved by Council and that is amazing and it is great that all of the Board is involved. Chairman Butler noted a meeting took place on February 27 with the Mayor, our City Council President, and AG Edwards and Sons to discuss the Lansing Center expansion financing. He noted in his opinion it was a good meeting and we are moving forward because we have to maintain momentum and internally we need to make sure that we get this project off. Chairman Butler stated that another meeting took place on March 4 with Commissioner Sharon Peters, Kevin Meyer and Peter to discuss Common Ground. He noted that Peter and Kevin educated them about the scheduling and complexity of presenting Common Ground. He noted that the process is not simple and there are many factors that need to be considered, i.e. the different genre, the acts,while reflecting on the community and taking into consideration the timing and costs as well as the arena. He noted he left the meeting very impressed and very educated on what is needed and has to be done to make sure Common Ground is successful. Chairman Butler noted he applauded everyone for making the event as successful as it is, and that he, Sharon Peters and Kevin are scheduled to meet (on Friday) with some of the radio owners later this week to discuss the benefits of Common Ground. LEPFA Board of Commiso-mers Meeting Page 2 March 23, 2004 Chairman Butler extended his thanks and appreciation to all of the Board members for doing an excellent job. B. COMMON GROUND UPDATE: Peter indicated that he asked Kevin Meyer to update the Board today on Common Ground. Linda Frederickson shared with the Board that every year the AAF sponsors the national advertising awards and they begin in the local/regional market with the Addy's and then they move on to a district and a final. Common Ground had two entries this year and won a silver for the commemorative poster and a silver award for the stationery package. Last year our commemorative poster received a gold Addy. She also noted that the McNenly Group took five of seven entries which included three golds (only 24 golds were awarded for the entire event). Peter noted he, Kevin and Linda have attended the Regional Economic Development awards, and the Common Ground Festival has been a runner up two times for entertainment/cultural activities for our regional initiative. Peter noted we have been invited to the event again this year on April 1. Peter also noted that our web site has been revamped and is a huge improvement over our initial web site. Peter indicated that we partnered with a group called Metasurge and they did a phenomenal job. Commissioner Janssen asked Linda if we inform City Council about our awards. Linda noted we do not, but indicated that we can and that it was a good suggestion. Kevin Meyer thanked the Board for having him attend the meeting and noted that Peter asked him to present a quick synopsis of the 2004 Common Ground Festival as well as the process of programming the festival. Kevin noted that Common Ground is a year around, on-going process to determine who will potentially tour in the summer and the information is continuously changing within the industry. He noted tomorrow we are announcing several additional acts to our line up(the opening act on July 5 is ZZ Top). Tomorrow we will announce that country act Montgomery Gentry, who will be performing on Wednesday, July 7; REO Speedwagon who will perform on July 9; and on Sunday, July 11 Alice Cooper will play. Kevin explained that Common Ground is considered a"soft ticket event" which means that we sell a seven-day pass which are $75 this year or approximately $10 per day, which is much more affordable than the average ticket price for a concert. Single day tickets are $22 in advance and$28 on the day of the concert. The model for Common Ground is to continue to present world class entertainment at an affordable price. Within that model, when trying to book talent, we are looking for talent that is affordable and within our budget. Other variables include routing, because we are limited by a specific seven day window for booking acts. We also have to deal with variables that we have no control over such as acts that decide to tour Europe, acts that decide to go on vacation, acts that are waiting to be packaged in an amphitheater tour, (which is where we are now)and we try to pick acts off of other tours for Common Ground. Kevin noted another act that was confirmed last night and will be announced for July 6 will be Crosby, Stills and Nash and we will fill in the dates with other genres of music. LEPFA Board of Commissioners Meeting Page 3 March 23, 2004 He noted with Sharon and James' help they hope to have additional media partners and look to potentially provide Urban, Hip Hop and/or CHR groups. Kevin noted from a financial perspective, sale of the seven day pass called the "Common Card" (which sold out last year)is up 300% over last year event with a 20%price increase and the change is attributed to the fact that the cards are selling faster this year, as opposed to more cards being sold, and is a great indication of the notoriety that the event has in the community and is an indication that people have realized that they sold out in advance last year and are willing to pay a little more, which means they have a greater value. Kevin also cautioned that while we netted$32,000 last year, it is not even a 2% margin of our operating budget and that this event has just begun to turn the corner, and this year is just as important, and we hope to see a bigger profit and to continue to return capital to see the festival reinvest in itself. Chairman Butler asked if there is a target? Kevin noted 10-15% would be great,but 7-10% is reasonable. Chairman Butler also questioned the percentage increase in ticket price; Kevin replied that it was about 15%. Kevin noted the capacity is limited, and so are the single day tickets due to the capacity. He also indicated that now the real marketing machine begins to roll, because we have pulled back since the holidays. Kevin noted the capacity of the park is around 18,000 with 12,500 at the west stage and 7,500 on the east stage and capacity changes are forthcoming at the East Stage. Commissioner Janssen questioned the logic of limiting the passes? Kevin noted that by limiting the supply we increase the demand, and we have a limited capacity venue as well which leads to a subsequent increase in price. Kevin also commented that if we had a larger venue we could sell more passes. Peter also noted that it provides a balance for those who don't want the week long pass and we need to accommodate those who want single day passes. Kevin noted we have to also take into consideration accommodating the sponsor passes. Commissioner Butler questioned what Kevin's biggest nightmare would be, and he indicated security issues would be his biggest concern because it is difficult to recover from. Chairman Butler thanked Kevin for attending and for his excellent report. Kevin Meyer exited the meeting at 8:40 a.m. C. SECRETARY/TREASURER'S REPORT: 1. Monthly Financials - For the Period Ending February 29, 2004: Committee Chairman Sinadinos reported the following: a. Lansing City Market: Building Rental for the current period is $3,118 compared to $2,597 for the prior year, and for year to date the total amount is $31,230 compared to $32,956 for the prior year. Parking for year to date is $11,790 compared to $17,207 for last year and the difference is attributed to receiving the second quarter parking revenue in February of last year. Total Operating Revenues for year to date are$43,360 which is less than$50,686 for the prior year. Under Operating Expenses — Utilities for the current period are $4,111 compared to$3,957 for the prior year and for year to date they are$30,356 which exceeds the prior year's amount of$27,514. Total Operating Expenses for the current period are $11,354 compared to $9,751 for the prior year and year to date they are $99,221 compared to $91,105. Excess Revenues over Expenses equates to a loss of ($5,292) compared to an income of$10,303 for last year. Total Cash for the current year is $9,111 which is down from the prior year's figure of LEPFA Board of Commissioners Meeting Page 4 March 23, 2004 $67,666 which reflects the loan to the Lansing Center. Total Accounts Receivable are $183,071 compared to $85,202. Unreserved Equity for the current year is $167,251 compared to the prior year's $168,646. Under Budget versus Actual, Building Rental for year to date is better than budget by $367.66. Parking is less than budget by ($5,428) due to the difference in the Parking Revenue received last year. The variance for Total Operating Revenues for year to date are ($5,200) which is less than what was budgeted. Operating Expenses - Utilities for year to date exceeded budget by ($6,028). Insurance/Bonding for year to date was more than budget by ($248.00). Total Operating Expenses are better than budget by $4,142. After netting income against revenues we are higher than budget by ($1,057) and after factoring in the City Contribution and Interest, we are higher than budget by ($2,875). _ b. Oldsmobile Park: The Event Revenues for the current period are $11.15 which is interest, and the Event Expenses are $106.34 which is comprised of bank fees and ticket stock. We had an event loss of($95.19) which was applied to the Event Development Fund. Under Operating Expenses - Utilities for the current period are $5,992 compared to $5,982 for the prior year and for year to date the Utilities are $44,700 compared to $39,901. Maintenance of Facilities for the current period is $4,093 which consisted of work on the plaza, field sprinkler repair and replacement of a motor in the kitchen. Insurance and Bonding for year to date is $42,819 and for the prior year the amount was $37,866. Total Operating Expenses for the current period are $22,070 and were $16,002 last year, and year to date they are ($186,438) compared to the prior year's expenses of($163,341). We have a net loss for year to date of($25,754) compared to last year's loss of($1,539). Our cash is down for the year due to the loan to the Lansing Center; for the current year the amount is $71,960 compared to $171,512 for the prior year. The Net Event Development Fund is $54,249 which exceeds the prior year's amount of$52,709. Unreserved Equity is $74,562 compared to $99,265 for the prior year. Under Budget versus Actual - Utilities for year to date were higher than budget by ($6,020). Professional Services are higher than budget by ($7,940) due to two audits in one fiscal year. Insurance/Bonding is higher than budget by ($4,819). Total Operating Expenses were higher than budget by $9.33. After taking into account the City Contribution and Interest, we are higher than budget for year to date by ($1,370). c. Lansing Center: Committee Chairman Sinadinos noted that this February was less than our previous Februarys. Building Rental for the current period is $119,666 which is less than the prior year's amount of $137,657 and year to date the amount is $591,986 compared to last year's amount of$652,294. Food and Beverage revenues for the current period are up at$261,554 compared to$329,672 for the prior year, and year to date Food and Beverage is $1,588,315 compared to $1,841,194 for the prior year and is down by about$253,000. Equipment Rental for year to date is$420,634, which exceeds the prior year's amount of$354,642, and is up by about $66,000. LEPFA Board of Commissioners Meeting Page 5 March 23, 2004 Tradeshow Utilities for the current period are$40,001 compared to the prior year's amount of$27,515 and year to date they are $120,501 compared to the prior year's amount of $108,429. Under Operating Expenses - Salaries/Wages are up about $13,000 for year to date at $1,089,000 compared to the prior year's$1,076,000. Fringes and Related Costs for year to date are $366,732 compared to the prior year's figure of$337,157 which is primarily due to medical benefits. Utilities for year to date are$366,746 which is about$22,000 less than the prior year's year to date amount of$388,988. Food and Beverage expenses for year to date are$$1,044,711 compared to$1,137,108 for the prior year. Total Operating Expenses for the current period are$484,133 compared to$487,571 for the prior year and the year to date Total Operating Expenses are $3,552,130 which are down from the previous year's amount of $3,577,952 for a loss of ($233,352) compared to the prior year's income of$42,354. After totaling together Cash and the Restricted Assets, we have $389,825 for the current year compared to the prior year's amount of $550,265. Total Accounts Receivable is $433,479 compared to$508,991. Under Liabilities-Unearned Advanced Rent, which is an indicator of future business is $342,142 compared to $318,374 for last year. Unreserved Equity for the current year is $193,160 compared to $493,412 for the prior year. Under Budget versus Actual-Building Rental for the current period is less than what was budgeted by ($19,983) and for year to date the amount is less than budget by ($40,112). Food and Beverage for year to date is less than budget by($82,693). Equipment Rental is better than budget for year to date by $131,633. Tradeshow Utilities are better than budget by$31,561. Total Operating Revenues for the current period are less than budget by ($90,942) and for year to date the figure is better than budget by $73,187. Under Operating Expenses- Utilities for the current period were higher than budget by ($3,409) and are better than budget for year to date by$20,605. Maintenance of Facilities for the current period was higher than budget by($7,143)and for year to date the figure is better than budget by$4,064. Insurance/Bonding is higher than budget by($1,233). The Food and Beverage Expense is better than budget for year to date by $24,902. Total Operating Expenses were higher than budget for the current period by ($19,199) and for year to date they were higher than budget by ($82,294). After netting Expenses against Revenues, we have a loss compared to budget of($9,107). Taking into Account the City Contribution and Interest, we are better than budget by$15,399; however after taking out the variance on the City Contribution, the actual figure should be less than budget by $18,736. Finance Committee Chairman Sinadinos moved that the monthly financials for Oldsmobile Park, the Lansing City Market, and the Lansing Center for the period ending February 29, 2004 be received as published, and further that the monthly expenses for each entity be approved. SUPPORT: Commissioner Haggart, the motion carried. D. PRESIDENT AND CEO'S REPORT: LEPFA Board of CommisNxoners Meeting Page 6 March 23, 2004 1. Union Report: No report. 2. Lansing City Market: Linda Frederickson reported that February rental revenue was up slightly over the same period last year. Occupancy was about 50% which is up 4% over last year and the Market Manager Mark Ter Haar anticipates that as spring/summer approaches occupancy will increase by about 10% which is similar to previous years. Market renovations include the completion of the move of two vendors for Schnitz Deli which will begin construction in ten days, with a projected opening date of Tuesday, May 4. The walls and floor are being painted as we prepare for spring. There are three potential new vendors, 2 will sell produce and one will sell bedding plants and they will occupy the east side of the Market. Special events include the annual "Adopt a River Program" and the Market will be working again with the "Neighborhoods in Bloom" project and planning is underway for the Saturday, June 5 "Be a Tourist in Your Own Town" event. 3. LEPFA Budget: Peter thanked the Board for their help and continued participation over the past several weeks. He noted that he has spent a lot of time over the past week with the Administration and some members of Council in regard to our issues and the Administration has shared a number of facts and figures. The Mayor gave his budget presentation to City Council last night, with the review process to begin today through May 17. Peter reviewed the Mayor's highlights noting that the expansion is a priority as stated in the budget presentation, and also included was Act 99 Financing for the ballroom partition walls and carpet. The Mayor also addressed a number of our funding concerns and offered a number of solutions and recommendations. Dialog with the Administration and Council will continue and as such, he noted he will contact board members regarding meetings with Council prior to our budget review in late April or May. 4. Oldsmobile Park: Peter reported that a meeting recently took place with the Lugnuts, the City and General Motors to discuss the stadium name change. Discussion ensued on how to keep the name "Oldsmobile" associated with stadium. Peter noted that there has been no solidification on the name change for Oldsmobile Park and General Motors will come back to us, the City and the Lugnuts with a time line. Maintenance continues at the stadium in anticipation of the start of the season, with Opening Day scheduled for Friday, April 16 versus South Bend. MSU will play Wayne State on April 13 with another game scheduled for April 28 - MSU versus Eastern Michigan. 5. Lansing Center: During the month of February we had 42 events equating to 68 event days, attracting close to 13,500 people, for about 2,200 room nights, with an estimated economic impact of approximately$760,000. In comparison to last year,event revenue is down slightly, attendance is down, room nights are up, and economic impact is down. Sales Update: To-date we have booked 34 Wally Byum food and beverage functions, in addition to their large event being held here at the Lansing Center. A number of sub- leases have been signed and returned, and we continue to monitor the city-wide event with the City and the CVB. LEPFA Board of Commissioners Meeting Page 7 March 23, 2004 Peter also indicated we have 19-20 weddings booked for this fiscal year and in 2005 we anticipated hosting 10-15% more(20-25)with 17 definates and 10 prospects. The increase is attributed to changes made in our wedding package which made it more competitive and we have been promoting the new wedding package at several bridal shows. Confirmations for the month include the Michigan Numismatic Society for April 2005; and American Waterworks has been issued contracts through 2008. Also a number of proposals have been submitted for a variety of tradeshow events including: Michigan Fire Services, the Episcopal Diocese of Michigan, Family Consumer Science Educators, and Michigan Public Health Institute. Facility Highlights: Highlights for the month include Michigan Council for Social Studies; Michigan Floral; Delphi Matchmaker; Science Teachers; Michigan Association of Broadcasters; Sportfishing Boat and Travel; the Ground Water Association; the MSU Education forum which addressed Proposal A and included dignitaries; the Golf Show was held this past weekend; we also hosted the "Youth Race Diversity Conference" which was a first time event attracting 575 students from the tri-county area. We also hosted a number of social receptions. Upcoming March Events include the Michigan Municipal League, the Deer and Turkey Show and the Michigan Supreme Courts. April events include the Book and Paper Show, Keepin It Real, Skills USA/VICA, and the Safety Conference. Peter reminded the Board that January, February, March and April are our busiest time periods. 6. LRCC Annual Dinner: Peter noted he attended the Chamber dinner and congratulated Chairman James Butler and the Michigan Broadband Authority on their "Community Service" award. E. PERSONNEL COMMITTEE: No report. F. LONG RANGE PLANNING COMMITTEE: Committee Chairman Charles Janssen reported that a meeting took place with Joan Bauer, the Mayor, Pat Cook from the EDC, and the CVB to discuss the planning process. The meeting went well, and it was resolved that we would take a trip to Grand Rapids to view the DeVos Place and it was scheduled for Friday, April 16. A meeting with Council was also discussed to update them, and the meeting did take place and went well. We let them know we are moving ahead as we continue to look at various funding sources. He noted that he is hopeful that as a result of the upcoming trip and by working with the Mayor's Office that we will be able to set a time line to propose to the group. Peter noted that the language in the Mayor's budget presentation acknowledged that there are any number of design options and referenced that it would be in place and that presentation could be made by the end of the 2005 fiscal year, which gives us time to consider financing strategies with the state contacts. VII. COMMISSIONER AND STAFF COMMENTS: A. Marian Bryant: Marian reminded those present that it is not too early to begin considering volunteer opportunities for Common Ground. B. Commissioner Charlotte Sinadinos: Commissioner Sinadinos asked if the Board can attend a Lugnuts game together in the suite. LEPFA Board of Commissioners Meeting Page 8 March 23, 2004 C. Chairman James Butler: Chairman Butler noted that he had a concept for Linda called "Meet Me at the City Market" and explained this would be an opportunity for all the Board members to have the opportunity to go to the City Market, which he feels is a part of the Board members responsibility as ambassadors. He asked Linda to invite Board members to attend and rotate so that all of the Board members have the opportunity to meet and to see what is happening as he does on a routine basis. D. Commissioner Charles Janssen: Commissioner Janssen welcomed Darris to the Board meeting and congratulated him on his wonderful achievements and encouraged him to keep going and to plow ahead as a leader within his community. He congratulated him on a great job. E. Commissioner Ellen Jeffries: Commissioner Jeffries noted that she wished to echo Commissioner Janssen's comments and welcomed Darris and she congratulated Chairman Butler on his award. She asked if we could have one of our Board meetings at the Market this summer. F. Denise Wootton: Denise noted that she felt all of the ideas discussed were very interesting ones and that any extra efforts to get people to the Market are welcome. Chairman Butler noted he would also like to include the Mayor and Councilmembers to visit the Market as well. Peter suggested conducting the Market gathering around the opening of the new deli. G. Chairman James Butler: Chairman Butler noted that he did receive a call from Sharon Peters last evening indicating that she would be unable to attend today's meeting. He asked if there has been any update on Kris' Nicholoff's appointment to the LEPFA Board, it was noted that the Committee has not met and there was no update at this time. Chairman Butler noted that he also wished to congratulate the LEPFA staff on all of the creative things that they have done and their outstanding achievement, and noted they should be referenced in a presentation to City Council. He also congratulated staff on the web site re-design to accommodate the visually impaired and noted that he would be interested in seeing how it works. Linda noted the accolades truly go to Metasurge and their staff for developing the site. Peter explained that there are various levels that are accessible for meeting the needs of the visually handicapped and we did meet those requirements;however, we felt we needed to do more than what is required by law and we have received great feedback and have turned at least one critic into a supporter. Commissioner Butler also thanked Darris for shadowing with him today and he noted that it was a learning experience for both of them; he noted he would learn from Darris based on his new and fresh ideas and noted that Darris would learn from him based on some of his old and stale ideas. He noted that he was honored, and that Darris will be a part of the leaders of tomorrow. VIII. OLD BUSINESS: No report. IX. NEW BUSINESS: No report. LEPFA Board of Commissioners Meeting Page 9 March 23, 2004 At 9:22 a.m. the meeting was adjourned. THE NEXT MONTHLY MEETING IS SCHEDULED FOR TUESDAY, APRIL 27, 2004 AT 8:00 A.M. AT THE LANSING CENTER IN THE GOVERNOR'S ROOM. Respectfully submitted, Heidi K. Brown, Recording Secretary LANSING ENTERTAINMENT AND PUBLIC FACILITIES AUTHORITY BOARD OF COMMISSIONERS MEETING APRIL 27, 2004 MINUTES At 8:04 a.m. Chairman James W. Butler III called the meeting to order in the Governor's Room of the Lansing Center; 333 E. Michigan Avenue; Lansing, Michigan 48933. COMMISSIONERS PRESENT: James W. Butler III, Charles Janssen, Ellen Jeffries, Cyril McGuire, Charlotte Sinadinos and Denise Wootton. COMMISSIONERS EXCUSED: Tim Haggart, Sharon Peters, and Jim Ruff(Ex-Officio). OTHERS PRESENT: Heidi Brown, Marian Bryant, Linda Frederickson,William Grove, Peter Sullivan, and Patrick Talty - Lansing Entertainment and Public Facilities Authority. Margaret Vroman, City of Lansing and Sandy Allen, Lansing City Council. III. ESTABLISHMENT OF THE AGENDA: - There were no changes to the agenda. IV. PUBLIC COMMENT: There were no comments. V. APPROVAL OF THE MINUTES OF MARCH 23, 2004: The minutes of March 23, 2004 were adopted as presented. MOTION: Commissioner Janssen SECOND: Commissioner McGuire, motion carried. VI. REPORTS: A. CHAIRMAN'S REPORT: Chairman James W. Butler III reported the following: 1. Grand Rapids Trip: Chairman Butler noted that the Board went to Grand Rapids on the afternoon of April 16 to visit the DeVos Place with the Mayor, the City Council President and Council members, and various LEPFA Board members. He commented that the convention center is big, beautiful building with a lot of space. Chairman Butler distributed a copy of the information sheet that was distributed on the trip(it compared the DeVos Place and the Lansing Center), noting it is evident that we are out-gunned in terms of exhibit, meeting and ballrooms space as well as the 12 loading docks that are inside the building. He noted that the two individuals that lead the tour of the convention center did an excellent job. They shared information on their funding sources, noting private donations of$30,000,000. 2. Media Meeting: Chairman Butler reported that recently he and Commissioner Sharon Peters met with the owner of 96.5 on March 26 regarding Common Ground. He noted that they had a great meeting and they made a lot of progress and another meeting is scheduled for May 6 to bring 96.5 on board, which will mean that we have all of the radio stations on board for Common Ground 2004 and that is extremely important. B. SECRETARY/TREASURER'S REPORT: 1. Monthly Financials - For the Period Ending March 31 2004: Committee Chairman Sinadinos reported the following: LEPFA Board of Commissioners Meeting Page 2 April 27, 2004 a. Lansing City Market: Building Rental for the current period is $3,207compared to $2,892 for the prior year and for year to date the total amount is $34,437 compared to $35,848 for the prior year. Parking for year to date is $11,790 (for two quarters) compared to $17,207 for last year. Total Operating Revenues for year to date are$46,602, which is less than$53,613 for the prior year. Under Operating Expenses- Salaries and Wages(there were three pay periods during the month of March, which also impacts fringes) for the current period are $5,933 compared to $3,568 for the prior year and for year to date the amount is $36,294 compared to $32,325. Utilities for the current period are $3,529 compared to $3,110 for the prior year and for year to date they are $33,885, which exceeds the prior year's amount of $30,624. Maintenance of Facilities for year to date is $7,891 compared to $5,157 for last year. Total Operating Expenses for the current period are $15,204 compared to $9,781 for the prior year and year to date they are $114,425 compared to $100,887 for a net loss year to date of ($67,822) compared to the prior year's loss of ($47,274). After taking into consideration the City Contribution and Interest, we have a year to date loss of($13,507) compared to the prior year's income of$7,211. Total Cash for the current year is $5,871, which is down from the prior year's figure of $60,243, and reflects the loan to the Lansing Center, which also affects Accounts Receivable and Accounts Payable. Unreserved Equity for the current year is $159,035 compared to the prior year's amount of$165,553. Under Budget versus Actual, Building Rental for the current period was better than budget by $36 and for year to date it was better than budget by $403.00. Parking is less than budget by ($5,428) due to the difference in the Parking Revenue which we are slated to receive in April. Total Operating Revenues for year to date are $46,602, which is less than what was budgeted by ($5,189); however, after taking into account the Parking Revenue due us, we would be slightly ahead of budget in Revenue. Under Operating Expenses - Salaries/Wages are better than budget by $4,148 for year to date. Utilities are higher than budget by ($6,516). Insurance/Bonding for year to date was more than budget by ($253.79). Total Operating Expenses for the current period are $15,204 compared to the budgeted amount of$13,843, which are higher than budget by ($1,361) and our year to date variance is better than budget by $2,781. After taking into consideration the City Contribution and Interest, we are higher than budget by ($4,458). Chairman Sinadinos indicated that if we had the Parking funds, we would be ahead of budget by $880. b. Oldsmobile Park: The Event Revenues for the current period are $13.33 (interest), and the Event Expenses are $5, for an income of$8.33, which was applied to the Event Development Fund. Under Operating Expenses - Salaries/Wages we had three pay periods which are also reflected in Fringes and Related Costs. Utilities for the current period are $3,707 compared to $3,282 for the prior year and for year to date they are $48,407 compared to $43,183, which is up about $5,200. Miscellaneous for the current period is $2,750 compared to the prior year's $100 and is attributed to the loss of a suite partner. The Total Operating Loss for the current period is ($20,841) compared to the prior year's current loss of($17,739) and the year to date loss is ($207,280) compared to the prior year's loss of($179,080). LEPFA Board of Commissioners Meeting Page 3 April 27, 2004 After taking into account the City Contribution and Interest, we have a year to date loss of($26,538) compared to the prior year's income of$603. Total Cash for the current year is $64,520, which is down from the prior year's amount of$72,905. The Net Event Development Fund is up $54,257 compared to the prior year's amount of $52,620. Accounts Receivable are $114,739 compared to $55,544 for the prior year (the amount reflects the loan to the Lansing Center).Unreserved Equity for the current year is $73,787 compared to $101,319 for the prior year. Under Budget versus Actual - Salaries and Wages for year to date are better than budget by $3,433. Utilities for year to date were higher than budget by ($4,740). Insurance/Bonding is higher than budget by ($5,030). Total Operating Expenses for the current period are better than'budget by $792 and for year to date we are better than budget by $801.72. After taking into account the City Contribution and Interest, we are higher than budget for year to date by ($778.). c. Lansing Center: Total Operating Revenues are$643,609 compared to$659,407 for the prior year. Building Rental for the current period is $150,130, which exceeds the prior year's current period amount of$141,993 and our year to date Building Rental is$742,116 compared to last year's amount of$794,287. Food and Beverage revenues for the current period are up at$359,273 compared to$338,060 for the prior year, and year to date Food and Beverage is $1,947,000 compared to $2,179,255 for last year. Equipment Rental for the current period is $67,271 compared to $64,735 last year and for year to date the amount is $487,905, which exceeds the prior year's amount of$419,377. Labor Service for year to date is $136,800 compared to $187,319 for last year. Total Operating Revenues for year to date are $3,551,919 compared to $3,819,274 for last year. Under Operating Expenses - Salaries/Wages are up (there were three pay periods) for year to date at$1,271,275 compared to$1,242,604. Fringes and Related Costs for year to date are $423,369 compared to the prior year's figure of$382,103. Utilities for the current period are $52,274, which is less than the prior year's amount of$57,833. Year to date Utilities are$419,021compared to the prior year's amount of$446,882. Food and Beverage expenses for the current period are$189,077 compared to$175,358 for the prior year and year to date Food and Beverage expense is$1,233,788 compared to$1,312,467. Total Operating Expenses for the current period are $565,236 compared to $562,533 for the prior year and the year to date Total Operating Expenses are$4,117,367 compared to the previous year's amount of$4,140,000 for a loss of($565,447) compared to the prior year's loss of ($321,212). After taking into consideration the City Contribution and Interest we have a year to date loss of($126,998) compared to the prior year's income of $170,548. After totaling together Cash and the Restricted Assets, we have $406,491 for the current year compared to the prior year's amount of $566,167. Under Liabilities - Unearned Advanced Rent, which is an indicator of future business, is up at $355,990 compared to the prior year's $292,519. Unreserved Equity for the current year is $299,513 compared to $621,606 for the prior year. Under Budget versus Actual - Building Rental for the current period is better than budget by $3,227; for year to date the amount is less than budget by ($36,885). LEPFA Board of Commissioners Meeting Page 4 April 27, 2004 Food and Beverage for the current period is better than budget by$24,271 and for year to date it is less than budget by($58,422). Equipment Rental is better than budget for year to date by $145,167. Tradeshow Utilities are better than budget by $44,825 and Labor Service is better than budget by$21,272 and these are all a reflection of the mix of events. Total Operating Revenues for the current period are better than budget by$65,826 and for year to date the figure is better than budget by $139,013. Under Operating Expenses- Salaries/Wages are better than budget by$43.99 for year to date. Fringes/Related Costs exceed the budget by ($24,337), which is due primarily to medical insurance costs. Utilities for the current period are higher than budget by ($3,855), but we are better than budget for year to date by $16,749. Food and Beverage expense for year to date is better than budget by $18,167. Total Operating Expenses for the current period are $565,236 compared to the budgeted amount of$522,668, which is higher than the budget by$42,568, and year to date the amount is$4,117,367 compared to the budgeted amount of($3,992,504) which is higher than budget by ($124,863). After netting revenues against expenses, we are better than budget by$14,150. After taking into account the City Contribution and Interest, we have a variance better than budget of $35,399. Due to the property insurance change and under funding by the City, the amount should be $71,518 higher than budget. Chairman Butler questioned the difference between last year and this year for Lansing Center Unreserved Equity amount on page two. Marian explained that on page one the Net Income for last year was $170,718, which added to our Unreserved Equity this year equates to a loss of($126,998), which is subtracted from the Unreserved Equity. He also questioned the Professional Fees and Marian explained the difference is due to computer fees and we are now spending less than we did for the same time last year. Peter noted the spending is associated with upgrades to the network, in order to get us to where we should be so that we were able to update. Last year we also used temporary services due to staff vacancies. Patrick explained the network upgrades (i.e. trainings, computer upgrades, etc.). Councilmember Sandy Allen asked if the upgrades were software or hardware. Patrick explained that it was a mix of both computer and software upgrades to coincide with our updated booking system. Councilmember Allen asked what was done with the computers when updated, and Peter indicated that they were recycled amongst the staff and retired computers(6 or 7 computers) are going to the City's Recycling Center on May 15. Commissioner Janssen questioned the Operating Transfer on page one. Marian explained that it was monies from the City to help offset the additional capital costs that we had incurred over the years. Chairman Butler asked about the Events amount of $66,000. Marian noted that it had to do with the expenses that we incurred for "Cool Cities" and the Governor's Conference; however the revenues offset them (Equipment Rental, Labor Services and Tradeshow Utilities). Finance Committee Chairman Sinadinos moved that the monthly financials for Oldsmobile Park, the Lansing City Market, and the Lansing Center for the period ending March 31, 2004 be received as published, and further that the monthly expenses for each entity be approved. SUPPORT: Commissioner Janssen, the motion carried. C. PRESIDENT AND CEO'S REPORT: LEPFA Board of Commissioners Meeting Page 5 April 27, 2004 1. Union Report: Patrick Talty noted that the Facility Worker, Maintenance Workers, and Forepeople removed themselves from IATSE and formed their own Union. They have now joined the UAW, as well as the Food and Beverage Workers and will be represented by UAW Local 2256. Patrick noted we have yet to begin contract negotiations with the Food and Beverage workers. The Facility Workers, Maintenance Workers, and Forepeople are working under a contract that is in effect until June 30, 2005. 2. Lansing City Market: Linda Frederickson reported March Rent Revenue was up for the month and is slightly behind for year to date. Occupancy was up for March and the summer season forecast looks good for revenue and occupancy. Mark Ter Haar is currently talking to four potential new vendors for the east side of the market, two are produce vendors, one is a bedding plant vendor and the fourth will provide cut flowers. Schnitz Deli opens on Tuesday, May 4, and Linda distributed invitations to those present, and noted that the ribbon cutting is at 10:30 a.m. with the Open House from 1:00 p.m. until 5:00 p.m. Linda also noted that Larry Molnar, the Director of Economic Development Administration from the University of Michigan's Business School in the Business and Industrial Assistance Division, approached Peter and Linda with a proposal for a Market Feasibility Analysis for the City Market and a Business and Operating Plan. We will host a meeting this Thursday at 8:00 a.m. at the Lansing Center for potential stake holders who may be involved in the project including the USDA, Michigan Farm Bureau, Michigan State University and the University of Michigan to present the proposal for the feasibility study and the action plan. Peter noted we were referred to this group by the Mayor's Office and they are the same folks that helped the previous administration to secure funding for river bank improvements, and we have been meeting with them for about six months. They will be seeking funding for the project and the project will ultimately become a project of the Business School. Councilmember Allen asked how much it will cost us, and Peter noted they will seek funding and there is no expense to us. Chairman Butler asked if the Mayor was invited and if he will attend because he has been a strong advocate of the Market and it was noted that Dave Wiener will attend on the Mayor's behalf. Commissioner Janssen asked if the analysis will be of the Market as it exists currently or will they look at it out of the box in terms of what is best for an urban City Market. Linda noted the proposal that they have submitted looks at the Market as it currently operates at its current location. She noted further that their premise is to reconnect Michigan growers and the agricultural farmers in the region with the urban city markets and will consider various funding sources/organizations in order to bring the city markets into the 2151 Century. They will conduct a feasibility study first and then develop an operating plan. Commissioner Janssen asked if the study considered how much of the success of the Market is based on natural foot traffic and destination traffic while considering the central business district and the state office buildings and downtown workers who would be willing to walk; i.e. is the location one of the Markets biggest factors for its success. Commissioner Butler noted that he hoped the study would consider Commissioner Janssen's questions as well as the impact of marketing efforts and the sentimental value and political ramifications as well. Copies of Chairman Butler's letter/invitation to the informational meeting were distributed. LEPFA Board of Commissioners Meeting Page 6 April 27, 2004 3. "Keepin It Real:" Peter noted that the facts as we know them are that we had "Keepin It Real" here on the evening of the shooting; the event is comprised of two events, the first is a talent show (similar to "Taste of Blackness"), including a fashion show, and a step show, and this year a youth talent show component. The second part of the event is a dance that took place from 11:00 p.m. until 2:00 a.m. and there were no issues or incidents inside the building. We were told that it was one of the smoothest running events that we have ever had and that exiting was very quick and smooth. The event ended at 2:00 a.m. and people were out of the building by about 2:15 a.m. and at about 2:35 a.m. shots rang out in Lot 15 and one person was killed (shot close range in the heart)and three other people were injured. The police don't know if there was more than one shooter, and they don't know who the shooter was, but there is speculation that he did not attend the event; the people that were shot did attend the event. Peter noted that it was a very tragic and unfortunate incident and that the media covered it fairly sensibly. He noted that in our opinion the two events were mutually exclusive and that we had no incidents. Chairman Butler commended Peter for his handling of the situation, noting he had a call first thing the next morning, and he was in a defensible position should questions be asked, which was the case, and he was able to state that the incident did not take place at the Lansing Center property, that there were no incidents within the Lansing Center and where the shooting went down was not in relation to the Lansing Center and it happened to go down in the area and was not necessarily related to the Lansing Center. Chairman Butler noted he was asked if there was a fight that extended from the Lansing Center and if the argument carried over to the parking lot. Commissioner McGuire noted that had that been the case, he is able to think of many places in Lansing that people have been shot and he was unclear as to how that reflects on the Center. Chairman Butler clarified that the question asked was if the shooting was due to the activity that was held; or Commissioner McGuire stated, "Or was it due to the title of the event, `A Taste of Blackness' which immediately opens the question when they say, `Taste of Blackness' then there is a problem and it is assumed then that we should not be `Tasting Blackness' if that happened at the Lansing Center." Commissioner Butler noted that in the comments made to the media, that the Mayor was very supportive and that there has been ongoing dialog. Peter commented that the event is alcohol free and always has been; everyone is searched for contraband, which is required by the promoter; and there is a security plan that is reviewed, and we meet with the Lansing Police Department as well. Peter also noted that there were 30 officers on the streets that evening including Lot 15 and that the media tried to form an association in order to get people to draw conclusions. Commissioner Kris Nicholoff drew the analogy of the people outside Tiger Stadium storming the gates after the final out of game 7 of the World Series, which lead to the 1984 riots. He noted that this event reminds him of the World Series in that something is a magnet, and the question is why is it a magnet and what is it drawing, and that this is the perception problem. He noted regardless of the location, the fact is that we have a perception problem based on the media and that the event is a magnet, because there are people who are coming here who may have not been in the event, but there were also people who were in the event involved. He further asked what are people doing here at that time that are not in the event noting that he feels there is something that is drawing them, and his point is that regardless of what we say, there is something that is drawing them here. Commissioner Nicholoff noted that the people that are attending and are loitering are a LPD concern because they have the responsibility to protect the streets. LEPFA Board of Commissioners Meeting Page 7 April 27, 2004 There were 30 officers here, and it sounds like we had the security addressed and the promoter brought his own security who were absolutely frightening and intimidating, which is good. He suggested that maybe the two security groups need to meet and the promoter and the police need to extend their security further. Commissioner Nicholoff noted that he sensed there is a "they did it, it happened over there" going on and he was unclear as what this would solve perceptionally. He reiterated his point that there is some magnet, and it needs to be dealt with (the security groups working together or not), and while it can happen anywhere, the bottom line is that we have a perception problem and that is what alarms him. He noted because we fight so hard to get people here by telling them that it is a safe and fun place and we all know that it is; however, he noted that what he heard about that evening(he was out of town) is that there isn't anyone in the room that would have wanted to be outside the Lansing Center on that evening and that's what needs to be addressed whether it means mounted police, bright lights, or special ticketing, he doesn't know that this is going to work any longer and we need to step-up and say that there is a magnet here, and how do we deal with it? He noted that he didn't feel we should take any blame because the promoter had good security, there was no alcohol, but there is a perception problem. Commissioner McGuire noted that part of the perception problem could be the 30 police officers. Chairman Butler thanked Commissioner Nicholoff for his comments. Chairman Butler noted that he believed the Mayor, Willard Walker and Peter are scheduled to meet to discuss the event, and to come up with a plan and make recommendations. Commissioner Nicholoff noted that is his main goal in being able to indicate that the issue is being addressed and while they realize that this could have occurred at any type of event, they are working on a solution, and this is the reason for his comments. Peter indicated that he wouldn't describe the promoter's security as "frightening," and noted that they're efficient and the Police Department is ecstatic that they were here because they do work the Detroit area clubs and take quite a burden off the local Police Department. He noted that meetings took place with the Security Company, the Police and the Building with the Promoter to "tweak the plan." Peter also noted that if there is a perception problem, and he understands what Commissioner Nicholoff is saying, it is unfortunate from his point of view and undoubtedly there must be folks that are frightened to stand on the street, but he and the staff are not one of those folks. He suggested that when 2,500 youth exit the building at 2:10 a.m.; maybe it makes people nervous, and suggested that perhaps 70,000 people exiting Spartan Stadium would frighten some older folks as well. He commented further that he gets "antsy" when people use the word "perception" and when everyone dances around the issue. He stated that he and the Lansing Center staff work very hard to bring different cultural and ethnic based events to the building, so when people use the word "perception" he gets "uppity" too. He explained that the fact of the matter is that the media tried to tie it as a black/white issue. Peter noted he was on the phone early in the morning with James, the Mayor, Joan Bauer and the Chief of Police and everyone was supportive because they know of the homework that we have done to make sure there is a lot of communication, and we go to great lengths to call and make certain the businesses in the immediate area know when we have late events. Commissioner Nicholoff explained that he used the word "frightening" in a complimentary manner and will repeat it. LEPFA Board of Commissioners Meeting Page 8 April 27, 2004 As far as it being a race issue, he noted that he believed everyone in the room knows of his work with every walk of life within the community and it always be that way, and he noted that he doesn't need to defend his past and his present and he noted that he won't. He also commented that yes we have a perception problem, whatever that perception is i.e. danger, crowds out of control, whatever it maybe, we have it, like it, don't and his only point is that if we can start broadcasting and make sure that people know that security was here, that things were under control, that there was no alcohol served, and that the promoter did a good job; we need to get the information out because the perception is that none of those things were the case, the perception is that we had some out of control party and we didn't give a darn. Commissioner McGuire suggested that we ought to forget it. Commissioner Nicholoff noted that is one way to address it, but it will come back. Peter commented that there is a positive letter on this issue in the paper today from an individual who worked production on the event. Councilmember Sandy Allen noted she also asked the Police Chief to write a "Point of View" column defending the Police Department and the Lansing Center. Commissioner Nicholoff noted that was what he was asking for. 4. Oldsmobile Park: Peter reported that Opening Day was April 16, and the Lugnuts won in a thrilling ninth inning victory. They had a huge walk up of 4000 and should have had more than two windows open; some folks weren't able to get into the game until the fourth inning. The Mayor threw out the first pitch and he was thrilled. Chairman Butler asked how the Lugnuts have addressed the lines on Opening Day, and Peter noted that they have indicated that the presales were not that good, so they thought they were appropriately staffed. The fountain will be up and running on Memorial Day. MSU plays Eastern Michigan tomorrow. Since our last staff meeting we had a press conference for our latest initiative, "Home Run for Hope," which is a wonderful new High School baseball tournament that we have created and have also enlisted the support of the Hope Scholarship Fund/Mark Alley? Proceeds will benefit the Lansing High Schools (Eastern, Everett and Sexton) and Detroit Southwestern. We have been trying to put this together for years, and when we realized that the Lansing High Schools have never played in Oldsmobile Park, we thought it was a travesty and the concept was a brainstorm of Patrick. Linda developed the name "Homerun for Hope" and we contacted the Chief, the Mayor and Dr. Banks and have had a lot of positive press for all of the entities and best of all the kids will now compete annually in Oldsmobile Park. Commissioner Nicholoff noted that he saw the press coverage and noted that it was very positive. Peter reported that there is no risk for the schools, and there is a "Spirit Award" that we created where the schools get 50% of the money and the other 50% goes to the Hope Scholarship and the winner receives the "Mayor's Cup." Also, we have a number of sponsors including HNTB, Arialink and Smith Barney. The sponsorship amounts vary and the people want to be involved, and it is a big deal for the kids. Commissioner Nicholoff asked for sponsorship information. At 9:15 a.m. Sandy Allen and Margaret Vroman exited the meeting. 5. Lansing Center: During the month of February we had 42 events equating to 68 event days, attracting close to 13,500 people, for about 2,200 room nights, with an estimated economic impact of approximately$760,000. In comparison to last year, event revenue is down slightly, attendance is down, room nights are up, and economic impact is up, all which illustrates the mix of events. LEPFA Board of Commissioners Meeting Page 9 April 27, 2004 Sales Update: To-date we have booked 32 Wally Byum food and beverage functions. We have 21 weddings booked for 2004 and are confident that we will exceed that amount due to changes in the wedding package. The Great Lakes Feis Event (Irish Dancing) has solidified space for 2005 and has requested contracts for three years. We are working on the Great Lakes Pet Expo called "Barkapalooza" for September 2004. The ACLU of Michigan has accepted our proposal for April 2005; contracts have been issued for the Michigan Association of School Boards Symposium for March 2005 and for the Michigan Association of School Boards Legislative Conference. Facility Highlights: The summary was distributed for review. Peter noted March, as was evidenced by the monthly financials, was a very busy and a very good month, and was the second highest grossing month in our history. 6. Common Ground: Peter reviewed the talent that has been announced to-date as follows: ZZ Top, REO, Crosby Stills and Nash, Montgomery Gentry, and Alice Cooper. Over the next two to three weeks we are hoping to have a majority of the talent solidified because the process is slower this year due to the lack of talent touring. Operationally, we are beginning to gear up, and we have had a number of meetings with security companies, the City Departments, and the Fire Department. We recently met with General Motors regarding ticketing and we believe sponsorship dollars should be up. He noted everyone should have received a copy of the newsletter we started this year and that we are always looking for volunteers and we would love to have anyone that is interested in working a 4 hour shift, currently we have 175 to 200 volunteers which is ahead of last year. The momentum continues to build. 7. Wireless Press Conference: We held a press conference announcing that the Lansing Center is now a totally wireless facility. We are now a hot facility and an WiFi facility, which means you can walk into our building with your laptop and get internet service. We call it the "Arialzone" and have received a lot of positive media coverage on this announcement and it was even covered in Detroit. Cobo currently only has a few meeting rooms that are wireless, not the entire facility, and Grand Rapids is not wireless. We are only one of a handful of facilities in the nation that are wireless. The initiative took place with Arialink and is a nice marriage. 8. Noise Article: Peter indicated that there may be an article in the next week or two regarding the Lansing Center, which started as an entertainment article and morphed into expansion. Matt Miller, who also interviewed the Mayor, asked for financial information to tie into pre and post 9/11 as well. 9. Budget Hearing: The LEPFA budget hearing is scheduled for May 6 at 5:00 p.m. and Peter asked Board members to attend if they can because it is a tight budget year, and the Board's support shows a unified front, and has been very impressive in the past, and illustrates to theCouncil that we have an informed Board and that they care. 10. Commissioner Charlie Janssen: Peter congratulated Commissioner Charles Janssen on his appointment to the Executive Committee of Foster Swift. 11. Commissioner Cyril and Mary Jane McGuire's Anniversary: Peter asked everyone to join him in commending Cyril and Mary Jane McGuire on their 50`h Wedding Anniversary. LEPFA Board of Commissioners Meeting Page 10 April 27, 2004 12. USA Today Article: Peter distributed copies of"Letters to the Editor" from the Monday, April 5 edition of"USA Today" entitled, Mass Marketed Teeny Bopper Acts Pale Beside Old Bands. He noted the letters illustrates the difficulty that he and Kevin have when booking acts for Common Ground and he felt good when he read this because it illustrates the difficulty in determining what will sell. At 9:30 a.m. Commissioner Ellen Jeffries exited the meeting. D. PERSONNEL COMMITTEE: Committee Chairman McGuire noted that he has missed the past two Board meetings, but will try to put something together soon and apologized for missing the meetings. E. LONG RANGE PLANNING COMMITTEE: Committee Chairman Charles Janssen noted that we will hold an expansion follow up meeting soon. He thanked Peter and noted that he felt the trip to Grand Rapids was extremely helpful and that he has just returned from a weekend in Grand Rapids. While he was there he noted that he observed that "Economic Impact" is their mantra, and you hear it repeatedly and everything is connected by walkway. He also commented that we need to decide what our vision is and coordinate not only the Lansing Center expansion, but the Board of Water and Light building, etc. so that it is planned out and well coordinated. He also commented on their moving the Police Station from a riverfront location to an undesirable area to free up prime space and that he was also intrigued by the fact that the Performing Arts Center was attached to the Convention Center and that it is all tied together. He thanked Peter for setting the trip up and everyone for attending. VII. COMMISSIONER AND STAFF COMMENTS: A. Marian Bryant: Marian reminded everyone that we can never have enough volunteers, particularly in the script area, and that she would be happy to talk to any one about volunteer opportunities. B. Commissioner Charlotte Sinadinos: Commissioner Sinadinos noted as a volunteer that it is a really good experience and is a lot of fun. She welcomed Kris to the Board. C. Commissioner Cyril McGuire: Commissioner McGuire welcomed Kris to the Board. He noted in his discussions (on the return trip from Grand Rapids) with the Mayor that they were amazed at how easy it was for the folks in Grand Rapids to get funding and that we are not used to that type of a process and we have our work cut out for us. He noted GM is the source we go to and it as our job to motivate the others. Chairman Butler noted that he agreed with Commissioner McGuire and it is his feeling that many people within the community do not step-up. He noted that in Grand Rapids they were able to secure money from the DeVos', the Van Andels, etc., and it is a part of their culture to give back to their community and we have had people that take from our community's progress and never give back in the same magnitude. We don't have the Kellogg's or the Van Andels or anyone to give large of sums of money to promote culture in Lansing, even though we have people that can. LEPFA Board of Commissioners Meeting Page 11 April 27, 2004 D. Commissioner Denise Wootton: Commissioner Wootton noted that it was a very eye opening trip, and the facility is huge, but she was not impressed with the atmosphere. She also noted that the issue of the money will be the biggest thing we have to tackle. The other issue discussed was fundraising and she noted that you almost have to have someone in that role full-time in order to get people on board to make them feel as though they are a part of the solution to the problem. She noted that it's a big issue and will take a lot of time. Also, Chairman Butler asked her to report that she has joined an advertising specialty/awards company called Jamie Rogers Enterprises as their Office Manager. E. Commissioner Kris Nicholoff: Commissioner Nicholoff thanked those who encouraged Councilmembers to support the Mayor's appointment of him to the Board. He noted that he is a Commissioner that will speak his peace here, and not outside of the room. He noted he hears things outside, and tells folks that he will ask questions at Board meetings so that he has an answer. In regard to the shooting, he noted that he will inform individual(s) that the Board answered his questions to his comfort level, and that they will deal with whatever took place and whatever takes place in the future on a per case basis in a professional manner; which is why he does things as he does them and is how he works as a Board member. Chairman Butler welcomed Commissioner Nicholoff noting that he is a pleasant addition to our Board and noted that we appreciate his feedback and that he states his mind. Chairman Butler asked that he continue to be vocal because that is the way we grow and garner additional ideas, and discussion puts us in a defensible position and as Board members we are ambassadors, so in turn there are times when we have to take it beyond the Board to sound off the real facts and to defend our honor in reference to whatever is said as long as we have additional information. F. Peter Sullivan: Peter welcomed Commissioner Kris Nicholoff. G. Chairman James Butler: Chairman Butler reminded everyone of the Lansing City Market Proposed Project Plan meeting on April 29 at 8:00 a.m. He also thanked the Board for making Darris Lee (the Cranbrook student) feel comfortable and he noted that Darris commented on the positive comments he received and that he was pleased to have had the exposure. He reminded Linda of the "Meet Me at the Market" program. He also noted that he is happy to announce that the Personnel Committee will be meeting between now and the next Board meeting and that he is also happy to note that the Long Range Committee will be meeting before the next Board meeting as well. He encouraged people to attend the Project Hope Baseball game. Chairman Butler commended staff for sending announcements on items such as the press conference for the Hope Scholarship game and the announcement for the technology press conference, which is very important because when dealing with technology, everyone is doing it, and the Lansing,Center is a now a hot spot, which says that they can bring their technology here and it is a revenue producing venture as well. He also recommended that the Lansing Center Highlights information sheet that is distributed at meetings included a Common Ground artist update at the bottom. Chairman Butler welcomed Commissioner Nicholoff. VIII. OLD BUSINESS: No report. LEPFA Board of Commissioners Meeting Page 12 April 27, 2004 IX. NEW BUSINESS: No report. At 9:50 a.m. the meeting was adjourned. THE NEXT MONTHLY MEETING IS SCHEDULED FOR TUESDAY, MAY 25,2004 AT 8:00 A.M. AT THE LANSING CENTER IN THE GOVERNOR'S ROOM. Respectfully submitted, Heidi K. Brown, Recording Secretary LANSING ENTERTAINMENT AND PUBLIC FACILITIES AUTHORITY BOARD OF COMMISSIONERS MEETING MAY 25, 2004 MINUTES At 8:02 a.m. Chairman James W. Butler III called the meeting to order in the Governor's Room of the Lansing Center; 333 E. Michigan Avenue; Lansing, Michigan 48933. COMMISSIONERS PRESENT:James W. Butler III,Tim Haggart, Charles Janssen, Ellen Jeffries, Cyril McGuire, Sharon Peters, and Charlotte Sinadinos. COMMISSIONERS EXCUSED: Kris Nicholoff, Glenn Kirk,Jim Ruff(Ex-Officio)and Denise Wootton. OTHERS PRESENT: Heidi Brown, Marian Bryant, Linda Frederickson, Peter Sullivan, and Patrick Talty - Lansing Entertainment and Public Facilities Authority. Harold Leeman and Margaret Vroman, City of Lansing. III. ESTABLISHMENT OF THE AGENDA: There were no changes to the agenda. IV. PUBLIC COMMENT: There were no comments. V. APPROVAL OF THE MINUTES OF APRIL 27, 2004: The minutes of April 27, 2004 were adopted as presented. MOTION: Commissioner.Janssen SECOND: Commissioner Sinadinos, motion carried. VI. REPORTS: A. CHAIRMAN'S REPORT: Chairman James W. Butler III reported the following: 1. Lansing City Market Project Plan: Chairman Butler noted that he attended the meeting on April 29 which described a process to bring the Market into new opportunity and growth. Over twenty people attended and he noted that the conversation was extremely lively and that the individuals that attended the meeting appeared to be very committed to looking at any ways to help the City Market grow and have opportunity. He noted there were two presenters, the first was Jim Bingham from MSU and Larry Molnar from UM and both are experts in their own arena and are committed to helping us come up with a plan. Chairman Butler noted that he felt it was a very progressive meeting and he met some very interesting people as relates to the City Market. Linda noted that we continue to meet and move forward with the University of Michigan as we look at the next steps for bringing the study to fruition. 2. Schnitz Deli Ribbon Cutting: Chairman Butler reported that on May 4 there was a ribbon cutting for the deli and it was attended by the Mayor and other city officials. Chair Butler noted that the deli is owned by Dominic Carbone and that he has brought 25 of his staff members from Broadband to the Deli and everything(they phoned in the order)was ready to go when they arrived. 3. Budget Hearing: Chairman Butler noted that on May 6 the LEPFA Budget hearing took place with City Council and that he appreciated the attendance of all of the Board members that were able to attend. LEPFA Board of Commissioners Meeting Page 2 May 25, 2004 He also commented that the staff did a great job and that they were extremely well- prepared and that all of the questions that were asked were answered succinctly and that he had a good feeling when they left that it was a quality job. The budget was approved as presented and the Council seemed to be very intune as was noted by their comments. He noted that he was proud of everyone for doing a great job. 4. Meeting with Helena DuBois: Chairman Butler reported that Peter, Kevin, and Chairman Butler (Sharon Peters was scheduled to be there but she had a conflict) met with Helena DuBois of 96.5 radio station. He indicated that it was a good meeting, progress was made, and both sides came to the table with a posture of accommodation and he was pleased with the outcome. Peter and Kevin were scheduled to meet with her again and Peter noted there has been a fair amount of dialog since then. B. SECRETARY/TREASURER'S REPORT: 1. Monthly Financials - For the Period Ending April 30, 2004: Committee Chairman Sinadinos reported the following: a. Lansing City Market: Building Rental for year to date is$37,131 compared to$38,929 for the prior year and the current period is $2,694 compared to $3,081. Parking for the quarter was received in the amount of $5,339 and the total parking for year to date is $17,129 compared to the prior year's$22,517. After researching the parking revenue, it was noted that for the first quarter last year we received $11,000 in parking and is the difference in the year to date amount. Total Operating Revenues for the current period are $8,068 compared to $8,426 and for year to date the amount is $54,670 compared to $62,039 for last year, which is down about$7,300. Under Operating Expenses — Salaries and Wages for the current year to date are$40,164 compared to$35,875 for the prior. Utilities for year to date are$36,693, which exceeds the prior year's amount of$33,285. Supplies and Materials for year to date are $2,970 compared to $2,145 for the prior year. Professional Services for the current period are $1,677 which was comprised of labor to get the food vendor in operation and legal fees. Total Operating Expenses for the current period are $10,775 compared to $9,038 for the prior year and year to date they are$125,200 compared to$109,925. After taking into consideration the City Contribution and Interest, we have a year to date loss of ($11,131) compared to the prior year's income of$11,701. Total Cash for the current year is $9,576, which is down from the prior year's figure of $59,415, and reflects the loan to the Lansing Center. Unreserved Equity for the current year is $161,412 compared to the prior year's amount of$170,044. At 8:12 a.m. Commissioner Sharon Peters and Harold Leeman entered the meeting. Under Budget versus Actual, Building Rental for the current period is less than budget by ($1,544). Parking is less than budget for the current period by ($2,178) and for year to date it was less than budget by ($7,606). Total Operating Revenues for year to date are $54,670 compared to the budgeted amount of$63,607 which is less than budget by ($8,936) which is due to parking. LEPFA Board of Commissioners Meeting Page 3 May 25, 2004 Under Operating Expenses - Salaries/Wages are better than budget by $4,503 for year to date. Utilities are higher than budget by ($6,283). Total Operating Expenses for the current period are better than budget by $1,750 and for year to date they are better than budget by $4,532. Netting expenses against revenues for year to date, we are higher than budget by ($4,404). After taking into consideration the City Contribution and Interest, we are higher than budget by ($6,688). b. Oldsmobile Park: The Event Revenues for the current period are $4,043, and the Event Expenses are $5,056 for a net loss of$1,012 which was applied to the Event Development Fund. Under Operating Expenses - Salaries/Wages for year to date are $45,223 which is similar to the prior year's year to date of$44,940. Utilities for year to date are $52,562 and for the prior year they are $48,199 which is up by about$4,300. Insurance and Bonding for year to date is $52,740 which exceeds the prior year's amount of$44,564. Total Operating Expenses for the current period are $23,479 compared to $21,106 for the prior year and for year to date the amount is $230,759 compared to $200,187. After adding in the City Contribution and Interest we have a loss of($29,958) for year to date, compared to the prior year's loss of($565). Total Cash for the current year is $71,834 which is down from the prior year's amount of$90,636. The Net Event Development Fund is $53,244 compared to the prior year's amount of$52,238. Unreserved Equity for the current year is $69,354 compared to $99,769 for the prior year. Under Budget versus Actual - Salaries and Wages for year to date are better than budget by $2,269. Utilities for year to date were higher than budget by ($4,516). Insurance/Bonding is higher than budget by ($5,240). Total Operating Expenses for the current period were ($23,479) compared to the budgeted amount of($20,134) and for year to date the figure is $230,759 compared to the budgeted amount of$228,216. After taking into account the City Contribution and Interest, we are higher than budget for year to date by ($4,322.). c. Lansing Center: Total Operating Revenues for the current period are $549,381 which exceeds the prior year's amount of$449,145. Building Rental for the current period is $107, 453 which exceeds the prior year's current period amount of$103,010 and the year to date Building Rental is $849,569 compared to last year's amount of$897,297. Food and Beverage for the current period is $297,459 compared to $243,589 and the year to date amount is $2,245,048, which is less than the prior year's amount of $2,422,844. Equipment Rental for year to date is up at$563,309 compared to the prior year's amount of $476,016. Tradeshow Utilities are up for year to date at $171,538 compared to $153,759 for the prior year. Labor Service is down for year to date at$153,676 compared to$200,985 for the prior year. Total Operating Revenues for year to date are$4,101,300 compared to $4,268,419 for last year. Under Operating Expenses- Salaries/Wages for year to date are$1,413,194 compared to $1,380,217. Fringes and Related Costs for year to date are $467,528. Utilities for the year to date are$475,677 compared to the prior year's amount of$507,353. Maintenance of Facilities for the current period is $7,451 which was attributed to a repair to the dock doors and year to date the figure is $48,979 which exceeds the prior year's amount of LEPFA Board of Commissioners Meeting Page 4 May 25, 2004 $46,066. Event expenses which were attributed to "Keeping It Real" are $30,858 compared to $18,217 or last year and the year to date figures are $140,101 compared to $94,828 for the prior year. Food and Beverage expense for year to date are $1,385,832 compared to $1,461,000. After netting revenues against expenses for the current period we have an income of$46,993 compared to last year's loss of($34,061); the loss for year to date is ($518,453) compared to ($355,274) for last year. After adding in the City Contribution and Interest we have a year to date loss of($48,550) compared to the prior year's income of$187,624. After totaling together Cash and the Restricted Assets, we have $198,825 for the current year compared to the prior year's amount of $372,605. Under Liabilities - Unearned Advanced Rent, which is an indicator of future business, for the current year is $329,990 compared to the prior year's $336,736. Unreserved Equity for the current year is $377,961 compared to $638,682 for the prior year. Under Budget versus Actual-Building Rental for the current period was better than budget by $2,910; for year to date the amount is less than budget by ($33,975). Food and Beverage for the current period is better than budget by$42,457 and for year to date it is less than budget by($15,964). Equipment Rental is better than budget for year to date by $152,834. Tradeshow Utilities are better than budget by $52,222 and Labor Service is better than budget by $20,810 and these are all a reflection of the mix of events. Total Operating Revenues for the current period are better than budget for the current period by $69,387 and for year to date the figure is better than budget by $208,400. Under Operating Expenses- Salaries/Wages are better than budget by$4,246 for year to date. Fringes/Related Costs exceed the budget by ($24,561), which is due primarily to medical insurance costs. Utilities for year to date are better than budget by $8,512. Professional Services are higher than budget for year to date ($57,199) due to temporary staffing for two vacant positions and for computer upgrading. Food and Beverage expense for the current period is higher than budget($9,687) and for year to date it is better than budget by$8,480. Total Operating Expenses for the current period are higher than budget by($40,237)and for year to date they are higher than budget by($165,100). After netting revenues against expenses, we are better than budget by $43,300. After taking into account the variance on the City Contribution and Interest, and backing out the depreciation, we are better than budget by$19,442, and after taking into account the under funding by the City of$64,000; the bottom line figure would be higher than budget by $44,558. Finance Committee Chairman Sinadinos moved that the monthly financials for Oldsmobile Park, the Lansing City Market, and the Lansing Center for the period ending April 30, 2004 be received as published, and further that the monthly expenses for each entity be approved. SUPPORT: Commissioner Peters, the motion carried. C. PRESIDENT AND CEO'S REPORT: 1. Union Report: Patrick Talty noted that the first negotiation session with the Food and Beverage workers is scheduled for June 1. Due to the MERC ruling that the Stagehands cannot combine with another unit, negotiations will begin within the next couple of months. LEPFA Board of Commissioners Meeting Page 5 May 25, 2004 2. Lansing City Market: Linda Frederickson reported April Rental Revenue was down for the month compared to last year and compared to budget. Occupancy was up by about 5% compared to April last year and we expect occupancy to be about 5-10% ahead of last year throughout the summer months. The beds around the Market have been planted with fresh annual flowers and ground cover. In regard to recruitment efforts, Linda noted that we do have a new produce vendor, Giving Tree Farms. She noted they would be at the Market on Saturdays starting in June and will be selling flowers and hanging baskets and there will be two vendors from the Flint area. Linda noted work continues with the UM and MSU folks on the proposed Market Study. Advertising for the summer campaign begins in June for the radio and television campaign. Schnitz Deli is open and they are continuing their marketing efforts and are adding to their customer base and,will consider adding breakfast for the summer months. They will be vending during the Common Ground Festival and have secured a spot in the Chili Cook off. Market Special Events include participating in "Be A Tourist in Your Own Town" on June 5 and the Market will give out free hot dogs. Peter noted there was a small but very positive comment about the Market in Saturday's editorial portion of the paper. Commissioner Janssen noted there was good coverage on the back page of the business section as well about how full the Market is. 3. Oldsmobile Park: Peter reported that we hosted MSU versus Easter Michigan baseball which took place on April 28 as well as the "Home Run for Hope" High School Baseball Tournament which included Everett, Eastern, Sexton and a high school from Detroit, (which is the school that won the tournament). Peter noted that it was a great local event and the kids were thrilled. The tournament included a homerun contest, there was a 50150 raffle and$3,300 was contributed to the Hope Scholarship fund and the schools benefited as well. Peter noted all in all it was a great event and there was great sponsorship provided by HNTB,Smith Barney, Mid Michigan Retailers, Lansing Youth and Recreation Fund, Dean Trailways, Shaheen, Arialink, and Hungry Howies. Everett won the "Spirit Award" having sold all of their tickets. Chairman Butler noted that Chief Alley was excited about the event and that Peter received a lot of credit for the event. Peter noted that Patrick and Linda played a significant role, Patrick developed the idea, and Linda came up with the name "Homerun for Hope." Upcoming Oldsmobile Park events include the Diamond Classic on June 7-11, which as originally scheduled at Municipal Field but was moved due to the rain. He noted the field is fine at Oldsmobile Park and the Lugnuts have not been rained out to-date despite all of the rain. We will host the Michigan Mile on June 5. 4. Lansing Center: During the month of April we hosted 51 events equating to 70 event days, attracting close to 26,000 people, for about 2,500 room nights, with an estimated economic impact of approximately $800,000. In comparison to last year, event days are down, attendance is up, room nights are up and economic impact is up as well which is attributed to the mix of events. Sales Update: Wally Byum will be arriving around June 14 and will be here for about three weeks, and we have booked a number of food and beverage functions. Contracts have been issued for the sixth annual Drug Court Professionals for February 2005; for the Michigan Department of Agriculture and Farm Bureau for January, 2005; and we have re- booked Grand Ledges Prom for May, 2005. Michigan Association of CPA's have booked annual Conferences including events in May, 2005 and two events in October, 2005. LEPFA Board of Commissioners Meeting Page 6 May 25, 2004 Facility Highlights: Peter noted that April/May were busy and the highlights include the Sister City Dinner commemorating the 50ffi Anniversary of Brown versus the Board of Education; American Cancer Society, Showbiz Talent, Michigan Assisted Living, INCH, Michigan Conference for Affordable Housing was here for its seventh year with 2,000 attendees; we hosted four proms, East Lansing, Perry, Okemos, Grand Ledge. Upcoming events include Life Changers Women's Success Conference on May 26-29; June 5 "Be a Tourist in Your Own Town" as well as the "Down by the River Chili Cookoff' on Friday June 11. June 14-July 5 the 471`' Annual Wally Byam Caravan will be at the Lansing Center. 5. Common Ground: Peter noted that new talent was confirmed last week and included Mario Winans, a R&B/hip hop performer for Sunday night; Blues Traveler, and a new activity called "Game Riot" which is the largest touring gaming interactive event on the market today. It has traveled with Lollapalooza and is 50-60 active gaming stations to be housed on the east side of the river near the tennis courts. He noted if you are a gamer, this is the greatest thing ever, and Councilmember Williams took serious note as referenced by Chairman Butler. Peter noted that we pursued this attraction because it is very different and very "now" and "contemporary" and the feedback has been positive. Linda Frederickson noted we have partnerships with radio stations, and Q106 as well as New Oasis and Spike TV who will promote it with our regional cable carriers and it is powered by X-Box. Peter noted access will be by a pass and there will be hour long sessions and all stations will have 42 inch plasma TV's. Access will be permitted for non- festival goers by entering through a different gate. A pass is also available for$15 during the week and$20 on the weekend. Peter noted this is a very different activity, which will appeal to a different and varied audience. The hours are Monday through Friday from 6:00 p.m. until 11:00 p.m. with hour long sessions or daily passes. In regard to other talent, Peter noted we continue to wait for another 8-10 acts to confirm. General Motors continues to sell the Common Card and they should sell between 2,000-3,000 cards. In terms of meetings with the City, staff has met with most of the departments and related operational partners. Chairman Butler asked if the City purchases Common Cards. Peter noted the employees do through a discount program and we are trying to set up a payroll deduction system with the City. Peter reminded those present that we are always in need of volunteers and applications are available on line(commongroundfest.com) and at the City Market. 6. Budget Hearings: Peter thanked all the Board members that participated in the budget process and noted that he felt it sent a very good message to council and that they looked very engaged and very informed and were able to collectively answer all of Council's questions. Chairman Butler asked Commissioner Ellen Jeffries if we could payroll deduct the Common Card for State employees as we do for the GM and the City? Commissioner Jeffries indicated that it would be a Department of Treasury-Executive Branch function and that she would look into the matter further. He also thanked Peter for the written Common Ground update. LEPFA Board of Commissioners Meeting Page 7 May 25, 2004 D. PERSONNEL COMMITTEE: Committee Chairman McGuire noted that he indicated earlier that the Committee would wait until the budget process was over before they began work on Peter's contract and he was hoping to meet next week or the week after and noted further that he would like to talk to Peter as well. Chairman Butler welcomed Mr. McGuire back. E. LONG RANGE PLANNING COMMITTEE: Committee Chairman Charles Janssen noted that they don't have a formal report and it is hoped that they will meet before the next regular monthly meeting. The committee has a few questions for the consultants and hopes to develop a written plan. Linda will forward a copy of the City Market plan to Commissioner Janssen. VII. COMMISSIONER AND STAFF COMMENTS: A. Marian Bryant: Marian noted that she was happy to hear we were ahead of previous years in terms of volunteers and she reminded everyone that we can never have enough volunteers, particularly in the finance area, especially because they are losing veteran volunteers. She noted that she would be happy to talk to any one about volunteer opportunities, and more specifically to those with a finance background. B. Commissioner Charlotte Sinadinos: Commissioner Sinadinos asked if Wally Byam is opened to the public. It was noted that it is an association type annual convention for their folks. C. Councilmember Harold Leeman: Councilmember Leeman reported that he and Peter will get together with the apartment folks in late June and early July as they have for the previous four years. He noted that they always enjoy going there and they are the biggest supporters of the festival. Chairman Butler asked if Councilmember Leeman had anything to report from the Council meeting last evening and there was no further report. D. Linda Frederickson: The "Sculptures in the Streets Gala" is slated for Thursday, June 3 at 5:30 p.m. at the Atrium and tickets can be purchased for $50 from the Mole Hole or the PSD office. The sculptures will be on display beginning June 4 and the merchants will be staying open from 5-10:00 p.m. on that day and they will have live entertainment. The Common Ground Sponsor Preview party will be held on Wednesday,June 9 and the Board and City Council will be invited. Wednesday, June 23 we will host the Common Ground Volunteer Training session. E. Commissioner Cyril McGuire: Commissioner McGuire noted that he is awaiting the Common Ground groups that we are awaiting signing up because he hopes that we get some variances that will satisfy the majority of those who are going to attend. He noted that he doesn't want to listen to the static that we usually hear. He also noted that he would discuss with Marian volunteer opportunities. LEPFA Board of Commissioners Meeting Page 8 May 25, 2004 F. Commissioner Sharon Peters: Commissioner Peters noted that she missed the last meeting and after reviewing the minutes she noted that there was a great deal of commentary about the trip to Grand Rapids; however, she wanted to reinforce and thank the staff for setting up the trip and the City Council for their support and coming along and recognizing the differences between the Lansing community and Grand Rapids, and also the political and financial differences, which are factors in a different path for us. Commissioners Peters noted that she felt it was an excellent path for people involved in this work to get involved in the state of the art, cutting edge work in this area and it sets us on a path of what we want to do. She noted that she appreciates the effort in regard to Common Ground, in broadening the effort in terms of the groups that are brought in. She also noted that she appreciates the effort with Chairman Butler, Peter and the staff to reach out to Helena DuBois, and that Helena appreciated it as well, and she noted further that the response she received was that Helena felt it was a good and positive meeting from the conversations that they have had. She noted that she is hopeful and that she felt it is important that all radio stations be involved and appreciated the forum to bring the community together and that she sees the forward movement with the acts that are being brought in. Commissioner Peters noted that she knows staff is working hard, and she appreciates the work that's gone on and for this year we are already seeing some results and hopefully next year and years later we can look at even more. G. Peter Sullivan: Peter wished everyone a Happy Memorial Day. He noted that Commissioner Nicholoff asked that it be explain that he couldn't be here today due to a vote this morning at the capitol. H. Commissioner James Butler: Commissioner Butler thanked Commissioner McGuire for dealing with the Personnel Committee meeting that will be next week or the week after. He also thanked Charlie for the upcoming meeting on Long Range Planning and the City Market. He also noted that he would like Commissioner Janssen to head up the Nominating Committee, and to come back with a slate of officers at the next meeting. He thanked Peter for the Common Ground update as was requested and he thanked all of the Commissioners for the commitment they bring to the table VIII. OLD BUSINESS: No report. IX. NEW BUSINESS: No report. At 9:10 a.m. it was moved by Commissioner Peters and seconded by Commissioner Haggart that the meeting be adjourned. THE NEXT MONTHLY MEETING IS SCHEDULED FOR TUESDAY,JUNE 22, 2004 AT 8:00 A.M. AT THE LANSING CENTER IN THE GOVERNOR'S ROOM. Respectfully submitted, Heidi K. Brown, Recording Secretary LANSING ENTERTAINMENT AND PUBLIC FACILITIES AUTHORITY BOARD OF COMMISSIONERS MEETING JUNE 22, 2004 MINUTES At 8:00 a.m. Chairman James W. Butler III called the meeting to order in the Governor's Room of the Lansing Center; 333 E. Michigan Avenue; Lansing, Michigan 48933. COMMISSIONERS PRESENT: James W. Butler III, Tim Haggart, Charles Janssen, Ellen Jeffries, Kris Nicholoff, Jim Ruff(Ex-Officio), Charlotte Sinadinos and Denise Wootton. COMMISSIONERS EXCUSED: Glenn Kirk (Ex-Officio), Cyril McGuire, and Sharon Peters. OTHERS PRESENT: Heidi Brown, Marian Bryant, Linda Frederickson, Bill Grove, Peter Sullivan, and Patrick Talty - Lansing Entertainment and Public Facilities Authority. Sandy Allen - Lansing City Council. Margaret Vroman - City of Lansing. III. ESTABLISHMENT OF THE AGENDA: There were no changes to the agenda. IV. PUBLIC COMMENT: There were no comments. V. APPROVAL OF THE MINUTES OF MAY 25, 2004: The minutes of May 25, 2004 were adopted as presented. MOTION: Commissioner Janssen SECOND: Commissioner Haggart, motion carried. . VI. REPORTS: A. CHAIRMAN'S REPORT: Chairman James W. Butler III reported the following: 1. Common Ground Partner Preview Party - June 9: Chairman Butler noted that the "Partner Preview Party" took place on June 9' and that the meeting was extremely well attended. General Motors, the Mayor and Councilmembers all were present as well as various sponsors and he noted that Peter and the staff did a super job. 2. Meeting with Helena Dubose: Chairman Butler reported that Peter and Kevin have worked out an agreement with Helena Dubose of 96.5 that appears to be carrying us into the future with a posture of accommodation with Helena Dubose, Chairman Butler applauded Peter and the rest of the group because he felt it was a major accomplishment. 3. Farewell: Chairman Butler noted that this is his last day as Chairman of this great Board. He noted that it has been an honor and a delight to serve and that he could have not asked for a greater group of Board members to work with. He noted that their commitment and dedication in his opinion are second to none. He noted that he has made history by being Chairman twice, and that history will continue to be made because of the forward thinking and creative thrust of LEPFA within itself. He noted we are indeed in great hands because Tim has been a loyal board member from the beginning, and will continue to be so as our new Chairman. He gave thanks for the privilege to serve. B. SECRETARY/TREASURER'S REPORT: LEPFA Board of Commissioners Meeting Page 2 June 22, 2004 1. Monthly Financials - For the Period Ending May 31, 2004: Committee Chairman Sinadinos reported the following: a. Lansing City Market: Building Rental for the current period is $5,054 compared to the prior year's$4,746 and for year to date the amount is$42,185 which is less than the prior year's amount of$43,675. Parking for year to date is $17,129 compared to $22,517 for last year. Total Operating Revenues for year to date are$59,759 compared to$66,820 for last year, which is down about$7,000 and is due primarily to parking. Under Operating Expenses- Salaries and Wages for year to date are$44,001 compared to$40,922 for the prior year. Utilities for the current period are $2,641 which exceeds the prior year's amount of$2,335 and for year to date Utilities are $ $39,334, which exceeds the prior year's amount of$35,621. Insurance and Bonding for year to date is$3,796 which is more than the prior year's amount of$2,257. Supplies and Materials for year to date are$3,052 compared to$2,277 for the prior year. Total Operating Expenses for the current period are $8,374 which is less than the prior year's amount of $12,149 and for year to date Operating Expenses are$133,575 compared to$122,075 for the prior year; for a loss year to date of ($9,332) compared to the prior year's income of $9,436 (the difference is attributed to the parking figure of$7,000). Total Cash for the current year is $29,764, which is down from the prior year's figure of $69,648 and reflects the loan to the Lansing Center, which is also reflected in Accounts Receivable and Accounts Payable. Unreserved Equity for the current year is $163,211 compared to the prior year's amount of$167,779. Under Budget versus Actual, Building Rental for the current period is $5,054 compared to the budgeted amount of$5,289 for a variance of($235) and for year to date the figure is $42,185 compared to the budgeted amount of$43,561 for a variance of ($1,375) less than budget. Parking for year to date is $17,129 compared to the budgeted amount of$24,735 for a difference less than budget of($7,606). Total Operating Revenues for the current period are $5,089 compared to the budgeted amount of$5,349 for a variance less than budget of($260) and for year to date we are less than budget by ($9,196). Under Operating Expenses - Utilities for the current period are less than budget by $399 and for year to date they are higher than budget by ($5,883). Total Operating Expenses for the current period are better than budget by $3,830 and for year to date they are $133,575 compared to the budgeted amount of$141,938 which is less than budget by $8,362. Netting expenses against revenues for year to date, we are less than budget by ($834). After taking into consideration the City Contribution and Interest, we are higher than budget by ($3,351) and after adding in depreciation we are higher than budget by ($918). b. Oldsmobile Park: The Event Revenues for the current period are $9,931 which consists of Home Run for Hope, and food and beverage for MSU Baseball. Expenses for Home Run for Hope were $7,151 for an event income of$2,780 which was applied to the Event Development Fund; more expenses for Home Run for Hope are anticipated for June. Under Operating Expenses - Salaries/Wages for year to date are $49,453 which is similar to the prior year's amount of$50,468. LEPFA Board of Commissioners Meeting Page 3 June 22, 2004 Utilities for the current period are $4,027 compared to $4,442 for the prior year and for year to date utilities are $56,589 which exceeds the prior year's year to date amount of$52,642. Total Operating Expenses for the current period are $17,294 compared to $17,764 for the prior year and for year to date the amount is $248, 054 which exceeds the prior year's amount of$217,951. After adding in the City Contribution and Interest we have a loss of($27,193) for year to date, compared to the prior year's income of$1,538. Total Cash for the current year is $79,534 which is down from the prior year's amount of$90,692. The Net Event Development Fund is $56,024 compared to the prior year's amount of$59,263. Chairman Sinadinos noted that Accounts Payable and Accounts Receivable reflect late billing for the suites. Unreserved Equity for the current year is $74,899 compared to $108,897. At 8:12 a.m. Commissioner Kris Nicholoff entered the meeting. Under Budget versus Actual - Salaries and Wages for the current period are better than budget by $273 and for year to date they are better than budget by $2,542. Utilities for year to date were higher than budget by ($4,164). Insurance/Bonding is higher than budget by ($5,451). Total Operating Expenses for the current period are better than budget by $2,588 and for year to date the figure is better than budget by $44.60. After taking into account the City Contribution and Interest, we are higher than budget for year to date by ($1,932). After figuring in depreciation we are higher than budget by ($10,389). c. Lansing Center: Chairman Sinadinos reminded everyone that last year we had MSHDA in June and this year it was held in May. Building Rental for the current period is $116, 530, which exceeds the prior year's amount of $92,960 and the year to date Building Rental is $966,100 compared to last year's amount of$990,257. Food and Beverage for the current period is $298,794 compared to $239,330 for the prior year and the year to date amount is $2,543,843, which is less than the prior year's amount of $2,662,175. Equipment Rental for the current period is $93,257 compared to $55,998 and Labor Service for the current period is$19,259 compared to $12,162 for last year. The year to date figure for Equipment Rental is$656,567 compared to$532,014 for the prior year and Labor Service for year to date is $172,936 compared to $213,147 for last year. Total Operating Revenues for the current period are$548,981 compared to$411,663 last year. Total Operating Revenue for year to date is $4,650,282 compared to $4,680,083. Under Operating Expenses- Salaries/Wages for the current period are$141,774 and for the prior year the figure was $175,119 which is attributed to three pay periods for last year's current period; for year to date the figure is $1,554,969 compared to $1,555,337. Fringes and Related Costs for year to date are $513,677 which exceeds the prior year's amount of$468,894 which is due to the increase in medical insurance. Utilities for year to date are $530,466 compared to the prior year's amount of$560,444. Food and Beverage expense for year to date is$1,533,904 compared to$1,613,470, which is attributed to the three pay periods last year. Our Operating Loss for year to date is$440,166 which is very close to the prior year's loss of$446,916. After netting revenues against expenses for the current period we have an income of$59,457 compared to last year's amount of$147,039. LEPFA Board of Commissioners Meeting Page 4 June 22, 2004 After totaling Cash and Cash Equivalents we have$397,000 for the current year compared to the prior year's amount of$438,000. Under Liabilities - Unearned Advanced Rent, which is an indicator of future business, for the current year is$277,453 compared to the prior year's $336,428. Unreserved Equity for the current year is $485,969 compared to $598,097 for the prior year. Under Budget versus Actual -Building Rental for the current period is better than budget by $6,943; for year to date the amount is $966,100 compared to the budgeted amount of $993,132 which is less than budget by ($27,031). Food and Beverage for the current period is better than budget by $8,794 and for year to date it is less than budget by ($7,169). Equipment Rental is better than budget for year to date by $191,363. Tradeshow Utilities are better than budget by $45,662 and Labor Service is better than budget by $22,736. Total Operating Revenues for the current period are $548,981 compared to the budgeted amount of$496, 787 which is better than budget for the current period by$52,194 and for year to date the figure is$4,650,282 compared to the budgeted amount of$4,389,687which is better than budget by $260,595. Under Operating Expenses - Salaries/Wages are better than budget by $3,374. Fringes/Related Costs exceed budget by ($27,175), which is due primarily to medical insurance costs. Professional Services are higher than budget by ($56,307). Insurance/Bonding is higher than budget by($10,142). Food and Beverage Cost is higher than budget by $24,139. Total Operating Expenses for the current period are $458,623 compared to the budgeted amount of$468,760 for a variance of$10,136 for the current period and for year to date the Operating Expenses are $5,090,449 compared to the budgeted amount of$4,923,414 which is higher than budget by($167,035). After netting revenues against expenses, we are better than budget by $93,560. After taking into account the City Contribution and Interest, we are better than budget by $90,465 and after backing out the City Contribution variance for this year, and taking into account the under funding by the City of$64,000 and the depreciation, we are better than budget by $2,842. Finance Committee Chairman Sinadinos moved that the monthly financials for Oldsmobile Park, the Lansing City Market, and the Lansing Center for the period ending May 31, 2004 be received as published, and further that the monthly expenses for each entity be approved. SUPPORT: Commissioner Haggart, the motion carried. 2. Allowance for Bad Debt: Chairman Sinadinos noted that the "Allowance for Bad Debt" was discussed in the Finance Committee meeting on May 24 and it was moved and passed that they be written off for this year in the amount of$1,041 for bad debt. It was also moved and passed that the following amount be set-up as "Allowance for Bad Debt" for this year in the amount$2,932. C. PRESIDENT AND CEO'S REPORT: 1. Union Report: Patrick Talty noted that last week a meeting took place with the UAW regarding our first negotiation session with the Food and Beverage employees and that their proposals have been received and we will be responding. Overall the first meeting went well, and there are issues that need to be worked out, and he is confident that they will be resolved (the issues include wages and benefits).The Technical Services contract is also outstanding and we have sent a letter indicating that we are ready to negotiate and we have had no reply to-date. LEPFA Board of Commissioners Meeting Page 5 June 22, 2004 2. Lansing City Market: Linda Frederickson reported that May Rent Revenue was down for the month compared to last year(Schnitz Deli rent revenue will be reflected in the June Financials and the occupancy numbers will increase in June as well). The courtyard and exterior grounds have been planted by John Decker and look beautiful. Linda noted a new program has been started regarding the rental of outside space at the Market on Saturdays; there was interest initially, but the rainy weather has hampered the program. Linda reported that the painting is just about finished and we have the bathrooms to spruce up for this year. Entertainment on Saturdays started in May. The Market also participated in "Neighborhoods in Bloom," the Market was a flower pick up location for neighborhoods. The Market also participated in "Be a Tourist in Your Own Town" by giving out approximately 2,000 hotdogs from 11:00 a.m. until 3:00 p.m. Chairman Butler asked for a list of the Entertainers at the Market. Linda indicated that Mark sets list monthly and she will make it available to the Board. Chairman Butler questioned the movies at Oldsmobile Park, and it was noted that it is too early to know the movies because they are pending release. Chairman Butler asked that the movies be included on the list that Linda will forward to him. Commissioner Wootton noted that the vendors, particularly the food vendors have benefited from Wally Byam; and they have been at the Market every day. Chairman Butler asked how Dominic is doing at the Market and Linda noted that he is slightly behind his projections, but is not disappointed and is working on creative marketing to increase his client base. He has also participated in the Chili Cookoff and Common Ground, and he is not discouraged. Linda noted we are doing all that we can to help him, and in fact a meeting is scheduled with the City next Tuesday. Sandy Allen asked if the eatery has had a negative impact on the deli and asked how long their lease is. Linda noted that the cafe is on a month to month lease and has been for a year and that it has not impacted the other food vendors. However the cafe has been impacted the most, and we have tried to assist them and it is on the list for a stronger operator. Peter noted the cafe could do a better job on their food selection and noted that Jon Ezzo did a much better job with his breakfast menu in particular and worked to cultivate his clientele. Chairman Butler noted that he took the Broadband Group(20-30 people)to Schnitz Deli and they did a super job. He also noted that you can phone in your orders in advance. 3. Oldsmobile Park: Peter reported that we hosted the Michigan Mile on June 5. We also hosted the Diamond Classic which was held at Oldsmobile Park due to rain outs. We hosted three games and had over 3,800 people. The Lugnuts have qualified for the playoffs based on their first half play. 4. Lansing Center: Peter noted May was a good month based on the benchmark of $500,000 we generated $600,000 (MSHDA was in May and not in June as was the case last year).During the month of May we hosted 42 events equating to 63 event days, attracting close to 13,000 people, for about 1,800 room nights, with an estimated economic impact of approximately $800,000. Sales Update: Wally Byam is moving in and as the week progresses we will see more and more air streams surfacing at the armory, the airport and Lot 15. They have been in the building since last week and their first official event is Sunday(a church service), and they have contracted most of the facility for the next 2-3 weeks. It is one of the largest events over a long period of time, so the economic impact will be interesting to note. LEPFA Board of Commissioners Meeting Page 6 June 22, 2004 They have had a good showing at the Market, the Nuthouse, and the Knight Cap. In regard to weddings, it appears that we hosted 21 during this fiscal year, and we have 23 definites with 3 prospects for the next fiscal year. We hosted 13 holiday parties in 2003 and we have 8 confirmed and 4 pending for the remainder of this year. Sparrow Health Systems has re-booked and confirmed their annual Holiday Gala in December. Delphi has confirmed their return in 2005 and they have significant equipment rental. Capital Area Michigan Works has rebooked their Job Fair for September and Capital Consultants has rebooked their Holiday Corporate Party. Facility Highlights: Peter noted that in late May we hosted the "Life Changers Christian Center Women's Success Conference" for approximately 1,100 women and teens. We had the Chili Cookoff in the building due to the rain; and they (and we) were quite happy with the turnout which was 500-1,000 less than last year; operationally the event went smoothly. There were 38 participants and a mechanical bull and it was a great event. We hosted the introduction of Independence Air for the Lansing Regional Airport. Peter indicated that it was a nice luncheon and sales pitch for about 250 people. We hosted President Fox of Mexico and were involved with Secret Service for a week. Approximately 2,000 people were here for the event. We also hosted Michigan Catholic Home Educators and Wally Byam as well as 5 weddings. Upcoming Events: Upcoming events in July/August include the Great Lakes Feis Dance Competition, Midwest Reps, and the Lansing School District Employee meeting. 5. Common Ground: Peter indicated that we will start building the festival next Monday with fencing on both sides of the river. Friday, July 2 at 6:00 p.m. we take possession of the Park and the roadway(Shiawassee and Grand Avenues will close). All tents will go up on July 3 as well as the staging and electrical. The Lansing Concert Band will perform on the West Main Stage on July 4. Monday, July 5 the Food and Beverage vendors move in as well as the Skybox, the Video Screen at the West Main Stage and Game Riot will be installed. Gates open at 5:30 p.m. for ZZ Top. Ticket sales are up compared to this time last year and we anticipate selling out Monday night. At this time there are only 350 common cards left and we anticipate they will sell out by the end of the week as well. Peter reviewed and gave descriptions of the talent line up which was also included in the Board packets. He noted that the musical line up this year is more diverse than ever in a variety of ways and it will be interesting to note ticket sales. We are also continuing the Sand Bar, the Uncommon Club and the Skybox, all of which are sold out. New activities this year include Game Riot and a preferred parking program off of Museum Drive. Parking tickets can be purchased at the Festival Office at the City Market and are$10 per day or $70 per week. Peter noted we continue to receive positive feedback from our sponsors and the public in general, which has been manifested in ticket sales. Promotionally we continue to push the radio, television and newspaper and cable outlets to advertise the festival. We also have a number of bar promotions in and around Lansing. The Volunteer Training/Party is this Wednesday at 5:30 p.m. in Halls A and B and he thanked those who are volunteering. Rain Insurance has also been purchased. Peter noted that he can hardly believe it is the fifth year, and encouraged those present who will participate and/or will attend to have some fun. Peter indicated that this year has been harder in terms of finalizing the talent because many groups that play Europe on a rotation. LEPFA Board of Commissioners Meeting Page 7 June 22, 2004 are going to Europe this year which has complicated matters for us and it will be interesting to see the reaction this year through ticket sales. Commissioner Tim Haggart asked if we are receiving the revenues from the "Preferred Parking," Peter noted it is included in the same program we have now with the City. Councilmember Sandy Allen asked if any consideration has been given to a VIP entrance. She noted it is very discouraging to wait in long, long, long lines; and while she realizes she is no different from the other patrons, she wondered if the matter has been give any consideration. Peter noted it can be arranged but we do need to be careful. Linda Frederickson noted that the only special gate is for the "Uncommon Club Members" who pay over $250.00 for admission Chairman Butler noted that he supports Sandy's comments and his reasoning is that Michigan State, Sparrow Hospital, etc., consider their Board members because they run the organization throughout the year as a labor of love. He noted further that he can't recall any groups that don't look out for their Board members; especially at Michigan State. Commissioner Ellen Jeffries verified that the Uncommon Club has sold out. Peter noted that it has been sold out all year and the Skybox Suite is sold as well. Ellen asked if there will be a list for people for next year. Peter noted before the festival ends, the Uncommon Club will be sold out for next year because the option to renew is given to the current club members. Peter indicated that it has been expanded this year and the tickets were snapped up. D. PERSONNEL COMMITTEE: Chairman Butler noted a meeting is scheduled for Friday,June 25 at 11:00 a.m. E. LONG RANGE PLANNING COMMITTEE: Committee Chairman Charles Janssen noted that the Committee has not met due to Common Ground and summer schedules. F. NOMINATING COMMITTEE: Commissioner Janssen noted that the committee will meet on Friday as well and will present their recommendations at the August meeting. VII. COMMISSIONER AND STAFF COMMENTS: A. Marian Bryant: Marian reminded those present of the need for volunteers. B. Commissioner Charlotte Sinadinos: Commissioner Sinadinos noted that she is looking forward to Common Ground as a volunteer, and noted to Councilmember Allen that if you volunteer you get a great entrance! C. Linda Frederickson: Linda reported that a new Sales Coordinator is on board and her name is Kelly Duch and she brings a wealth of experience from the Savannah CVB and yesterday was her first day. Tarena Smith has also been named Sales Manager and so now the Sales Department is fully staffed. She also noted that we have a first time partnership with Jay Price from the Michigan Minority Press and Common Ground will be featured in over 20 minority publications state-wide in June. LEPFA Board of Commissioners Meeting Page 8 June 22, 2004 D. Commissioner Tim Haggart: Commissioner Haggart noted that he drove from Cincinnati yesterday and the amount of airstreams on the road was amazing and he also drove through the airport. Chairman Butler noted they were visible when flying in at the airport as well. Commissioner Haggart noted that there was also an article in US Today on the Lugnuts. Bill Grove indicated that it was an article summarizing the merchandising of minor league teams and the Lugnuts were the headliners. E. Jim Ruff: Jim Ruff noted that the people who are running the game booth at Common Ground have also contacted Pat Cook from EDC regarding the Mayor's IT Initiative and will also include it in part of their game room in the form of promotional material, which will be a nice addition. Chairman Butler asked about the parking ramps that are being built. Mr. Ruff noted that today some of the pre-cast concrete panels will go up for the parking ramp on Townsend Street. It will be a 1,230 space City parking facility that is 90% pre-leased and will have 8 floors above ground. It is a$23,000,000 project that should be occupied by the end of the year. He noted there will be a photo-op at 2:30 p.m. today and that eventually Washtenaw will be closed between Townsend and Capitol. Chairman Butler also asked Mr. Ruff if he would remind Mr. Kirk that he is listed as a member of the LEPFA Board and is invited to attend the meetings. F. Commissioner Denise Wootton: Commissioner Wootton reminded everyone to come to the Market as often as possible. She also noted that they are seeing more traffic. Chairman Butler asked her what she felt the reason for the increase in traffic was and Denise suggested that it many little things. Jim Ruff noted that during the recent trip to Grand Rapids he and Charley Janssen discussed the pre-emptive traffic light at Washington and Kalamazoo and as such the time has been shortened which should improve the timing. Denise noted that if hadn't been for the weather they would have had a record spring; and with the weather being as bad as it was they were able to hold their own. G. Commissioner Charles Janssen: Commissioner Janssen noted he attended the "Preview Party" and while there he was reminded by Kevin Meyer of how difficult it is to coordinate all the talent for Common Ground, and if you are not involved in the business you are not aware that you can't just put people in Lansing, Michigan at whatever time you would like. He noted that the conversation was very interesting and that he appreciated Kevin and Peter's efforts. Commissioner Janssen also thanked Chairman Butler for another great year as our Chairperson and noted that he does an outstanding job despite having so many irons in the fire and thanked him for continuing to give his time and talent to the Board with a great attitude, and a personality that is welcoming and positive. He noted that all of his qualities are appreciated and thanked him for giving another year of his time as Chairman. Chairman Butler extended his thanks and also commended Commissioner Janssen for his efforts to keep Foster, Swift involved as a major sponsor of Common Ground year after year. H. Commissioner Ellen Jeffries: Commissioner Jeffries commended Chairman Butler as well, and noted that he attends many meetings and puts in a lot of time and effort. Commissioner Jeffries noted that she is volunteering(at Common Ground)and again it seems that the women are out numbering the men as volunteers from the Board, so she offered a challenge to the male board members. LEPFA Board of Commissioners Meeting Page 9 June 22, 2004 She noted she is on Heidi's team this year as she has been for the past several years. Chairman Butler thanked Commissioner Jeffries for her kind remarks. I. Commissioner Kris Nicholoff: Commissioner Nicholoff thanked Linda for her help with the High School baseball program; he noted they were one of the sponsors(the Lansing Rec Fund) and that he was able to see part of the game. He noted that the follow up was great and was really nice. Commissioner Nicholoff also noted that 2006 is the 150'year of Michigan Dental Association's existence and they will be having a meeting here and noted that it is one of the largest conferences in the state and they are excited to be back in Lansing. He noted he is planting the seed now, and will be in touch in terms of promotion. Chairman Butler asked Commissioner Nicholoff about the "First Tee"program Commissioner Nicholoff noted it is coming along and explained that it is a national and a state program that is working with the City to build a youth golf facility at Sycamore Golf Course. He noted through this program, in cooperation with the City and under the DEQ, they maybe able to have the course. He noted they are meeting with Greg Eaton and will know more; they have also received funding from National Piping. He noted they hope to be breaking ground any day and also commented that the City and Murdock have been great during a tough time to raise money. Commissioner Nicholoff also noted, similar to Commissioner Haggart, on his return from Minneapolis he saw many air streams as well. He also noted that he is a member of the Arts Council and indicated that it would be nice if there could be a joint meeting of the Arts Center, Boarshead, Riverwalk, etc. so that the entities could work together to incorporate all the groups when considering an expansion. J. Councilmember Sandy Allen: Councilmember Sandy Allen encouraged those present to visit the Market, in particular Denise's jewelry counter. She also asked Heidi to forward her information regarding volunteering. Councilmember Allen also noted that the Council passed an ordinance that will help procure diversity/minority contracts. She asked if in our entertainment line up there are many minorities. Peter noted there are minorities included in the list he just reviewed. She also asked if there is any local talent included in Common Ground. Peter noted there was. K. Heidi Brown: Heidi thanked Ellen and Brian Jeffries for volunteering at the Information Booth during Common Ground L. Patrick Talty: Patrick noted he will be at Riverfront Park on a golf cart for the next week. M. Peter Sullivan: Peter reminded those present that there are no July meetings. He also noted that everyone's efforts in regard to Common Ground are appreciated. Peter thanked James for his time served and noted that he is the first member to serve on the Board as Chair twice and has spent a great deal of time with Peter not only as Chair, but in a variety of other business interests relative to LEPFA. He thanked him for his commitment and time. LEPFA Board of Commissioners Meeting Page 10 June 22, 2004 N. Chairman James Butler: Chairman Butler told Heidi that she takes great minutes and noted that he is appreciative because they are complete and comprehensive. He reminded everyone about the article concerning the Lugnuts in today's edition of US Today. He thanked Sandy for the Council update. Chairman Butler reminded those present that a Personnel Committee meeting is scheduled for June 25 at 11:00 a.m. and Chairman Butler noted that he is certain Tim will do a great job and that he appreciated the opportunity to serve. VIII. OLD BUSINESS: No report. IX. NEW BUSINESS: No report. At 9:25 a.m. it was moved by Commissioner Jeffries and seconded by Commissioner Haggart that the meeting be adjourned. THE NEXT MONTHLY MEETING IS SCHEDULED FOR TUESDAY, AUGUST 24, 2004 AT 8:00 A.M. AT THE LANSING CENTER IN THE GOVERNOR'S ROOM. Respectfully submitted, Heidi K. Brown, Recording Secretary LANSING ENTERTAINMENT AND PUBLIC FACILITIES AUTHORITY BOARD OF COMMISSIONERS MEETING SEPTEMBER 28, 2004 MINUTES At 8:15 a.m. Chairman Tim Haggart called the meeting to order in the Governor's Room of the Lansing Center; 333 E. Michigan Avenue; Lansing, Michigan 48933. COMMISSIONERS PRESENT: James W. Butler III, Tim Haggart, Charles Janssen, Kris Nicholoff, Jim Ruff(Ex-Officio), Charlotte Sinadinos and Denise Wootton. COMMISSIONERS EXCUSED: Ellen Jeffries, Glenn Kirk(Ex-Officio), Cyril McGuire, and Sharon Peters. OTHERS PRESENT: Heidi Brown, Marian Bryant, Linda Frederickson, Bill Grove, and Patrick Talty- Lansing Entertainment and Public Facilities Authority. Sandy Allen and Harold Leeman, City of Lansing. III. ESTABLISHMENT OF THE AGENDA: No changes were noted. IV. PUBLIC COMMENT: There were no comments. V. APPROVAL OF THE MINUTES OF AUGUST 24, 2004: The minutes of August 24, 2004 were adopted as presented. MOTION: Commissioner Janssen SECOND: Commissioner Sinadinos, motion carried. At 8:15 a.m. Commissioner Kris Nicholoff entered the meeting. VI. REPORTS: A. CHAIRMAN'S REPORT: No report. B. SECRETARY/TREASURER'S REPORT: 1. Monthly Financial Statements For the Period Ending July 31, 2004: Committee Chairman Sinadinos reviewed the financial statements as follows: a. Lansing City Market: Building Rental for the current period is$5,655 which is up over the previous year's amount of$5,119. Total Operating Revenues for the current period are $5,690 compared to $5,334. Under Operating Expenses — Salaries and Wages for year to date are $2,483 compared to$2,938 for the prior year. Utilities are up slightly at $3,078, which exceeds the prior year's amount of $3,003. Marketing is at $1,908 compared to the prior year's amount of$250 which is a timing issue. Insurance/Bonding is down at$205 compared to $377 for the current period. The Market has an Operating Loss for the current year of ($3,615) compared to ($3,426). The City Contribution is $7,920 compared to $10,091 for last year and the difference is attributed to a different schedule. Year to date expenses over revenues are $4,307 compared to the prior year's income of$6,664. Our Total Cash position is$38,752 compared to the prior year's amount of$76,778, which is due to loans to the Lansing Center and Common Ground. Prepaid Expenses are$4,239 compared to $699 for the prior year, because the insurance was paid for the entire year. Unreserved Equity is $170,593 compared to $179,208 for the prior year. LEPFA Board of Commissioners Meeting Page 2 September 28, 2004 Under Budget versus Actual, Building Rental for the current period has a variance better than budget of$431.66. Total Operating Revenues are $5,690 compared to the budgeted amount of$5,284, which leaves a variance better than budget of$406 in revenues. Under Operating Expenses - Insurance/Bonding was better than budget by $165. Our Total Operating Expenses were $9,305 compared to the budgeted amount of$11,331 for a variance better than budget of$2,025 and after netting revenues against expenses we have income of$2,431 better than budget and after adding in the City Contribution and Interest we are better than budget by $2,351. b. Oldsmobile Park: The Event Revenues are composed of interest of$15.77 because there were no events in July. Expenses were $38.10 for a loss of($22.33) which was applied to the Event Development Fund. Chairman Sinadinos noted under Operating Expenses - Salaries/Wages there was an increase in the allocation, which is the reason for Salaries/Wages being higher at $5,547 for year to date compared to $3,890 for last year. Utilities are higher at$5,061 compared to the prior year's amount of$4,531. Insurance/Bonding for year to date is $3,127 compared to $5,744 for the prior year, which is down by $2,600. Total Operating Expenses for year to date are $19,495 compared to expenses of$18,989 for the prior year. We have a bottom line year to date excess Revenues of Expenses of$3,984 compared to the prior year's $1,079. Chairman Sinadinos noted we are dealing with the City on the collection of the allocation and that for the Lansing Center we receive it on a quarterly basis and for Oldsmobile Park we have always had the monies upfront for operations and at this point we are owed $70,000. Total Cash for the current year is $105,591 which is down from the prior year's $168,906 and is attributed to the fact that we have not received the allocation yet. The Net Event Development Fund for the current year is $70,132, which exceeds the prior year's amount of$56,631. Accounts Receivable are $47,142 compared to the prior year's amount of$20,834 and is attributed to a timing issue on the suites. Unreserved Equity for the current year is $66,687 compared to the prior year's $83,458. Under Budget versus Actual - Utilities for year to date are higher than budget by ($567). Insurance/Bonding is better than budget by ($2,455). Total Operating Expenses for year to date are $19,495 compared to the budgeted amount of$22,743; for a variance better than budget of$3,247. Chair Sinadinos noted there is a new line item "Under Funding - City of Lansing." After adding in the City Contribution, Interest, and the Under Funding, we are better than budget by $1,813. At 8:20 a.m. Harold Leeman entered the meeting. c. Lansing Center: Chairman Sinadinos noted this July we had a very reasonable month compared to July last year, due to a different mix of events. Chairman Sinadinos noted Building Rental for the current period is similar to last year at $13,660 compare to $12,405 for last year's current period. Food and Beverage for the current period is $95,070 compared to $49,791 for the prior year. Equipment Rental for year to date is $21,904 compared to $2,011. LEPFA Board of Commissioners Meeting Page 3 September 28, 2004 Trade Show Utilities are$2,520 compare to the prior year's amount of$1,300 which was attributed to Vice President Cheney's visit. Total Operating Revenues are $140,688 compared to$72,225 for last year. Under Operating Expenses, Salaries/Wages are down this month at $84,134 compared to $95,058 due to a vacancy in the Operations Department. Fringes and Related costs are $33,644 which is less than $38,707 for the prior year and is attributed to a change in the medical insurance for this fiscal year. Professional Services are$12,693 compared to the prior years$25,215, which is due to a reduction in office temps and computer consulting. Supplies and Materials are down $2,361 compared to the prior years$7,222. Insurance/Bonding is at$8,818 which is less than the prior year's $13,241 for a$4,443 variance. Food and Beverage Cost is$77,412 compared to the prior year's$75,182. Total Operating Expenses are$310,406 compared to the prior year's expenses of$339, 052 for an Operating Loss for the current period of ($169,717)compared to the prior year's loss of($266,826). Taking into account the City Contribution and Interest, we have a loss of($105,083) compared to the prior year's loss of($210,836). After totaling Cash and Cash Equivalents we have$114,113 compared to the prior year's amount of$214,294. Under Liabilities - Unearned Advanced Rent, which is an indicator of future business, for the current year is$294,654 compared to the prior year's amount of $334,416. Unreserved Equity for the current year is$128,703 which is less than the prior year's $215,984. At 8:28 a.m. Commissioner James Butler entered the meeting. Under Budget versus Actual- Building Rental variance for the current period is less than budget by ($38). Food and Beverage was right on target with our budget$95,070 for a variance better than budget of $68.91. Equipment Rental is better than budget by $18,629. Total Operating Revenues are $140,688 compared to the budgeted amount of $119, 683 for a variance better than budget of$21,005. Under Operating Expenses, Salaries/Wages are higher than budget by($9,959), which is due to part time labor. Professional Services are better than budget by $2,330. Insurance/Bonding is better than budget by $3,064. Total Operating Expenses are $310,406 compared to the budgeted amount of$308,118, which was $2,288 higher than budget. The Operating Variance is$18,717; and after adding in the City Contribution and Interest, we are better than budget by$15,643. Chairman Sinadinos pointed out the line item of "Under Funding by the City" of$2,527. Finance Committee Chairman Sinadinos moved that the monthly financials for Oldsmobile Park, the Lansing City Market, and the Lansing Center for the period ending July 31, 2004 be received as published, and further that the monthly expenses for each entity be approved. SUPPORT: Commissioner Janssen, the motion carried. 2. FYE 2003-4 Annual Audit Draft: Chairman Sinadinos noted that a draft of the audit was reviewed at the Finance Committee meeting and there were two items that were brought up by Mark Kettner. Otherwise everything was fine, and a good job was done by the staff. Chair Sinadinos noted the two items that were discussed and are now being taken care of will not cause any change in the numbers on the audit. LEPFA Board of Commissioners Meeting Page 4 September 28, 2004 The first item was a question on the books for the pension fund. It was suggested that they be set up similar to the way the financial statements are set up and this change is being implemented. The second item concerns the Accounts Receivable under the "Allowance for Bad Debt" the Cam-Tre amount of $59,000 which is being collected through the City, has not been written off and Kettner asked if it was truly collectable and questioned how it should appear. Chairman Sinadinos explained that it is being pursued and hopefully settled. Committee Chairman Sinadinos asked Marian Bryant to report further on the audit results. Marian noted that Mark Kettner reported at the Finance Committee that the audit was a clean unqualified opinion as it always is and that the numbers are not any different than the numbers that have been reported in the June financial statements. She noted that the two items addressed by Chairman Sinadinos were addressed at length with the auditors and we are in the process of addressing the issues. A final report of the audit should be available next month and any further questions can be discussed at that time. D. INTERIM PRESIDENT AND CEO'S REPORT: Patrick Talty reported the following: 1. Common Ground: Patrick noted that we undertook a lot of statistical data this year to quantify Common Ground via patron information. We did some testing, sampling and focus groups and worked with Capital Research Group to provide the information. Linda Frederickson reviewed the information as presented. She reported that several sources were used this year and we worked with Capital Research Services on a 1,000 exit surveys and we have a data base from Star Tickets Plus which is the Common Ground ticketing system (the base was 3,300 accounts which was up significantly and presents 10,000 of the 80,000 tickets purchased). We also used some of our web site information and have started to data base common card holders, as well as a zip code analysis which indicated that outside of Ingham and Eaton County we are drawing about 30% of our traffic. Other facts of interest were: • Tickets were purchased from 21 states. • Within the state of Michigan tickets were purchased from 44 different counties. • Tickets were purchased in 56 different Meijer locations and 19% were outside Ingham and Eaton counties. • 72% of Common Card purchases took place at the three Lansing/Okemos Meijer locations. Linda indicated that she has demographic information available and detailed survey results if folks were interested. She noted that the Intercept Survey results were based on 1,000 with 250 surveys completed by four different genres of music and 250 were also done on the hip hop night which revealed that this group had the highest number of first time visitors, they were the highest percentage of one night visits to the festival and overall reinforced what we already understood about our customer base. Linda noted we will continue to analyze the data and will use it to strategize for the upcoming year. This was our first year with Capital Research and it has been encouraging to have additional resources to reinforce our findings. Linda noted a focus group was also held with Capital Research Services and various local small businesses. It was determined by those present that Common Ground does have a positive effect on the community and they also noted that if they were approached they would contribute to the festival monetarily. We are currently developing a small partnership i.e. "Friends of the Festival" for next year. LEPFA Board of Commissioners Meeting Page 5 September 28, 2004 Patrick commented that the data also indicated that 30% of the tickets were purchased at the City Market. It was also interesting to note that all the respondents remembered that GM was the title sponsor. Total attendance was about 90,000. Marian reported that the annual one sheet summary information page will be forthcoming. Linda noted from the information she reviewed she will now be completing the Ingham County and CVB grant reports so that we can receive final payment. We are beginning our Common Card ("Common Grounders") renewals as well as the Common Club renewals and our sponsorships which will utilize the data in their recaps. Patrick noted we are compiling the final numbers and he also indicated that Kevin Meyer has been in China which has impeded our progress and Marian has fewer staff members to assist with the report. Commissioner Butler suggested that we might want to, if we possibly can, set up a time line for next year for the final report. 3. Union Report: Patrick was happy to report that we have reached a tentative agreement with the UAW and the Food and Beverage Workers which needs to be ratified by the Union. All indications are positive that they will accept the three year agreement. 4. Lansing City Market: Linda Frederickson reported that July Rent Revenue was up and we are heading into the fall harvest season. Paul Turpstra, is a new Saturday vendor that sells jerky. Entertainment will continue through the first of October. On September 11 the Market hosted the fall "Adopt a River" event, and on September 25 the City's compost bin sale took place at the Market. Upcoming events include the "Harvesting Hope Fall Festival" on October 23 and they hope they will have a busy Saturday with the Breast Cancer Walk on Saturday. Commissioner Butler questioned how Dominic Carbone is doing at the Market? Linda noted that he seems to be doing fine and she will be meeting with him soon. Linda reported that he has been implementing a number of independent marketing strategies which include building his catering business and he has set up a delivery and order system and continues to be open for six days(Monday through Saturday). Linda noted that his manager has been off due to a broken ankle and she should be back in October which should help the operation. Commissioner Kris Nicholoff reported that his office has been using Schnitz often for lunch meetings and the staff likes the proximity, it was good, and that they do a great job. Sandy Allen noted that we need to begin discussions about the City Market. She noted that it has been a "sacred cow" for many, many years and the City's contribution has been close to $80,000 per year and that as the paper indicates this morning the "worse case scenario" is $4-5 million in the hole for the City and they have got to look at ways to cut expenses. She recalled 30-40 years ago when the Market was so crowded that visitors couldn't move, but that is no longer the case. She noted she visits the Market 2-3 times per week and talks to the vendors and they try to remain positive, but the fact is that they are barely hanging on and she thinks it is time for the Council and the Commissioners to give some serious thought to the future of the City Market. Commissioner Nicholoff noted while the discussion is not new, it is appropriate and more politically acceptable when there is a bottom line that is suffering. And it is good to make a controversial change when you are hurting financially(in his experience). He noted that he didn't feel it was anything good or bad, buy that it is a timing issue. LEPFA Board of Commissioners Meeting Page 6 September 28, 2004 Councilmember Allen noted that the land it is on is valuable economically and suggested that some vendors would be more profitable in stalls downtown and that they would provide a powerful ambience to the city. She noted that these are all things that havebeen talked about before, but now is the time for serious discussions. Commissioner Nicholoff noted that a key point is that when talks begin, that it doesn't mean that anyone is discussing getting rid of the Market concept, but could mean a new building or a new location. Patrick thanked Councilmember Allen for her comments and noted that he is here to talk and hear what the City and Council has to say as well as the Board's comments as we examine the future of the Market. 5. Oldsmobile Park: Patrick reported that we hosted three movie nights comprised of "Harry Potter 3," "Shrek and Shrek 2," and "Garfield." He noted this series was the second most successful series we have had since the inception of "Park After Dark"and we have received positive feedback from patrons. Yesterday we began building Fright Night and once again the carpenter's local is providing 14 journeymen to build Fright Night for us as a sponsorship which should be done by the end of this week. This year's theme is "The Psycho Path- Where Will It Lead You?" and will open on Friday, October 15 and he invited everyone to attend. Patrick noted we are working with the City and the Lugnuts on extending the TMO Agreement and we have had some very positive dialog and are moving forward with the team and the City and are doing an operational audit with the architects who developed the ballpark. They will look at every system and structural item and will develop a report that will let us plan for the future and be able to address capital items with the team collectively. The team is also putting in a new scoreboard which will be a $450,000 investment and they are paying for it completely, and it should be up by December. The City will also be putting in a new playing surface which will be grown by Michigan State and installed at the end of the 2005 season and will be ready for the 2006 season. Commissioner Butler questioned the cost of the field, Patrick noted it will be about $100,000 and will include fees and equipment. He explained that it is less costly to have MSU grow the field and that we have one of the top experts in the nation in Trey Rogers. Also include in the cost is reworking parts of the sprinkler and drainage systems. Patrick noted that the extension to the TMO is hoped to be worked out by this spring. Commissioner Nicholoff asked if the screens are capable of projecting like big screen TV's similar to the systems at the Ryder Cup? Patrick noted that the new screens will be at that level and they are using some of the same technology that is used in the Common Ground boards and you will be able to view it in the daylight. The screens should be in by December. Discussion ensued regarding the$450,000 cost and the life of the scoreboard. At 9:05 a.m. Sandy Allen exited the meeting. Councilmember Leeman noted members of the Old Timers Association have mentioned amenities that are no longer at the stadium such as the lack of ushers, cleaning off the seats, security that the Lugnuts provided initially. He suggested that it would be in the interest of the various organizations to get feedback from groups in order to determine the various issues that need to be addressed. He also noticed that some of the suites are lacking the "no beverages on the ledges" signs in the suites. LEPFA Board of Commissioners Meeting Page 7 September 28, 2004 6. Lansing Center: Patrick reported that for the month of July we were up in attendance by 5,200; up in room nights by 143 and up in economic impact by $85,000 compared to July 2003. • Sales Update: Patrick reported that for the 2004-5 FY we have 25 definite weddings and 8 prospects. We have issued contracts for "The Michigan Council of Teachers of English" for 1,000 people for their conference on October 8, 2005. He also noted that Marian Bryant had a social event last weekend here at the Lansing Center. A proposal has been submitted for Spartan Motor Chassis for August 4, 2006 which is a group that left the Lansing Center and is returning. We have submitted a proposal for the Michigan Association of Pupil Transportation for October 2006 through 2009 (we are working with the CVB on this proposal and it is looking positive). We have submitted a proposal for Michigan Lands Use Summit. CVB leads include the Boy Scouts of America for July 25-28, 2006; and a proposal has been submitted for the International Brotherhood of Magicians for July 1-6, 2008, which will have room rental of over $18,000 and a lot of food and beverage. • Facility Highlights: Patrick noted that in August/September we hosted the Boat Show. September 11 we held the "MSU Ice Breaker," which was an after party with Josh; attendance was down slightly at 2,800; overall it was a positive night with no issues. For the first time we hosted the "Michigan Gift Basket Association" and they held several workshops and a tradeshow and are looking to return next year. September 18-21 we hosted the Michigan Association of Realtors and it was the first time the event was at the Lansing Center and they had 1,200 attendees over three days and the group had positive things to say about the city. September 22 Toys R Us held a district expo in Hall B and they donated all the toys to St. Vincent's Home for Children. • Upcoming Events: Upcoming events include on October 5-7 Michigan Optometric; J. Mollema Trade show will be in House October 10-13; and October 24-28 we have the return of Spartan Stores after having been in Grand Rapids. October 31 the Giant Motorcycle Swap Meet is scheduled, this is a new event that has been added in addition to their winter event. E. TRANSITION COMMITTEE: Chairman Haggart noted that we have received proposals from the search firms for the President and CEO position. Patrick distributed copies and Chairman Haggart asked the Board members take a few days to review the proposals and then the Transition Committee will meet. Chairman Haggart asked that any comments be forwarded to Heidi and she will forward them to the committee. F. PERSONNEL COMMITTEE: No report. G. LONG RANGE PLANNING COMMITTEE: No committee report. Patrick asked that a Committee member meet with him, Tim Offtermatt and Glenn Kirk; Commissioner Janssen indicated he would attend. Discussion ensued regarding the Eagle Eye Golf Course and its potential competition in terms of wedding and social business. Commissioner Butler noted that if we know they are focusing on weddings and social activities, it would be a part of our social responsibility to come up with a marketing strategy to indicate that we do have a niche market and compare our services to theirs. LEPFA Board of Commissioners Meeting Page 8 September 28, 2004 Patrick noted that we did do that with our wedding package. He explained that one year ago we had 16 weddings booked and at that time we reviewed our wedding package and analyzed the data and made changes. He noted it is not only Eagle Eye, he just received a mailing that Western Michigan University - Lansing campus is also renting their classroom space and so we have to keep coming upwith new marketing. Linda noted with all of the competition, it is more apparent that we have to keep freshening up our building, i.e. new carpet, etc. to stay competitive. Eagle Eye is also building a hotel and Patrick noted he will follow up on when that is slated for construction/completion. At 9:19 Jim Ruff exited the meeting. VII. COMMISSIONER AND STAFF COMMENTS: A. Marian Bryant: Marian noted that she did have a social event here and the food was wonderful and the service was great and it was a great event. B. Linda Frederickson: Linda noted that she has comp tickets for the "Book and Paper Show" this weekend if anyone is interested. C. Commissioner Denise Wootton: Commissioner Wootton noted that there have been Market rumblings which are unfortunate because it makes the vendors nervous and every time it happens it is hard to plan for the future when you have that ax over your head. Commissioner Wootton note that it is time to either do it, or shut up because it just hurts the Market in the long run and makes it tough to do business for the vendors when you are wondering from one day to the next whether you will have a business and it doesn't help the city. She noted soon there will be no one left because the long time vendors are having health issues and in the eight years she has been there "the rumor" has circulated about once a year. She also noted why should the vendors put money into their future when they don't know what is going to happen and it makes it harder to attract business. So how do you make it pay if you keep cutting the legs out from underneath them? D. Councilmember Harold Leeman: Councilmember noted that the Market is in his ward and he supports the Market and the Lansing Center, and noted that there is an entire chronology of events that would have to happen and the voters would have to have a say in that property. Commissioner Wootton noted that is the exact talk that undermines the Market. Commissioner Butler clarified that the vendors that are there want to stay there although Councilmember Allen stated that the vendors were hardly making it; Denise noted that is an accurate statement with the exception of a few vendors, it is hard to make it; which was the purpose of her comment that when you are barely making it and there is all of the discussion under minding the Market it doesn't help. Councilmember Leeman stated that he is aware that we are all doing what we can to make it a viable operation. Commissioner Nicholoff noted that he did not feel that anything that Sandy said was negative, but that it is business and if we can help people in the Market do better business, that's what his goal would be and is what he believed Sandy's goal would be. He noted that it needs to be looked at as business and that government is not charity and during these tough economic times it needs to be viewed as business and not personal. He noted if it was booming no one would talk about it and because it is not booming due to the underlying comments over the years, which are inherent to a government owned facility. Commissioner Nicholoff noted further that government is transitional and these things are discussed with new ideas, again which is inherent to a facility owned by government, and LEPFA Board of Commissioners Meeting Page 9 September 28, 2004 it won't go away. He noted that he is viewing it as business decision; however, let's help the people there make money and give the people in and around the city a reason to go there. He noted that he did not feel that Councilmember Allen said anything negative, but the Market had been viewed as a "sacred cow" which was inherit to government again, and there isn't a better time to explore "sacred cows" than during tough economic times because then people do understand. Commissioner Janssen noted for the Board it is difficult to know what our role is because when we were given the City Market as our responsibility we felt we had to do the best job as long as it is under our Authority within our budget. So when Council and/or the City suggests that they and LEPFA ought to explore what to do with the City Market, ultimately the final decision is up to the Council and the Mayor to determine what they want to do with the Market and the budget and we will work within that decision. Commissioner Janssen noted he is 100% sympathetic to Denise's situation and the other vendors from a personal standpoint. He noted from a Board standpoint if they want our opinion on how to spend the subsidy he would be willing to share an opinion, but at this point the City Council and the Mayor's office have to say what they want to do and until they do, we will keep doing the best job that we can. Patrick noted we are going to do the best we can while we have the Market and is why we go after new vendors and do what we can to help the Market. Commissioner Butler noted that he agreed with Commissioner Janssen in that our job is to manage and not necessarily to set government policy, which is the Mayor and the elected officials' responsibility. E. Commissioner James Butler: Commissioner Butler noted that he also wanted to say to Bill Grove in reference to the event held on September 25 that not only was his group very cordial, the food was very good and they did a super job. Commissioner Butler inquired about Jim Wootton's status. Denise noted he will undergo chemotherapy through December. VIII. OLD BUSINESS: No report. IX. NEW BUSINESS: No report. At 9:40 a.m. the meeting was adjourned. THE NEXT MONTHLY MEETING IS SCHEDULED FOR TUESDAY, OCTOBER 26,2004 AT 8:00 A.M. AT THE LANSING CENTER IN THE GOVERNOR'S ROOM. Respectfully submitted, Heidi K. Brown, Recording Secretary LANSING ENTERTAINMENT AND PUBLIC FACILITIES AUTHORITY BOARD OF COMMISSIONERS MEETING OCTOBER 26, 2004 MINUTES At 8:10.m. Vice Chairman Sharon Peters called the meeting to order in the Governor's Room of the Lansing Center; 333 E. Michigan Avenue; Lansing, Michigan 48933. COMMISSIONERS PRESENT: James W. Butler III, Charles Janssen, Ellen Jeffries, Glenn Kirk (Ex- officio), Sharon Peters, Jim Ruff(Ex-Officio), Charlotte Sinadinos and Denise Wootton. COMMISSIONERS EXCUSED: Tim Haggart, Cyril McGuire, and Kris Nicholoff. OTHERS PRESENT: Heidi Brown, Marian Bryant, Linda Frederickson, Bill Grove, and Patrick Talty- Lansing Entertainment and Public Facilities Authority. Jim Carra, SearchWide . Vice Chairman Peters indicated that she was filling in for Chairman Tim Haggart today and she also noted that Commissioner McGuire is in the hospital, and that we wish him well and that we have sent flowers on behalf of the staff and the Board. Commissioner Kris Nicholoff is absent today as well. III. ESTABLISHMENT OF THE AGENDA: Vice Chairman Peters requested that the Transition Committee report be moved up before the Finance Committee report. IV. PUBLIC COMMENT: There were no comments. V. APPROVAL OF THE MINUTES OF SEPTEMBER 28, 2004: The minutes of September 28, 2004 were adopted as presented. MOTION: Commissioner Butler SECOND: Commissioner Sinadinos Commissioner Janssen indicated that upon reviewing the minutes, his understanding was that the Board had authorized the Transition Committee to meet and to select a consultant within a reasonable cost frame to actually begin the search and authorized them to expend those funds and which was not reflected in the minutes. Vice Chairman Peters indicated that was her impression as well. Marian noted that it was her recollection that the committee was authorized to secure a contract and engage the consultant; however, when the Board spends in excess of $15,000 it requires a vote of the Board. Patrick clarified that the approval was reflected in the August minutes. The minutes were approved as submitted. VI. REPORTS: A. CHAIRMAN'S REPORT: Vice Chairman Peters noted that we are in very special times at LEPFA and are in a different time than when we met last because we are without our former CEO, Peter Sullivan, and we now are losing our Interim. Patrick has notified the Board that he will be joining Peter in Phoenix, which brought a new urgency to the Transition Committee and our Chairman has moved to the fore by spending more time with staff and has been in contact with all of the Commissioners as well as the Transition Committee. The Committee met and reviewed the Search firms' specs, took bids, narrowed down the bids, met with the potential firms, and come before the Board today with a recommendation to utilize SearchWide. At 8:20 a.m. Glenn Kirk entered the meeting. LEPFA Board of Commissioners Meeting Page 2 October 26, 2004 B. TRANSITION COMMITTEE REPORT: Commissioner Charles Janssen explained that the list had been narrowed down to the top four contenders and they were George Astengo who helped bring Tom Galyon and Peter Sullivan on Board; SearchWide who is located in Traverse City and two other organizations and the unanimous overwhelming choice was SearchWide. Commissioner Janssen noted not only was the committee impressed with the materials presented, but with their experience with convention centers and CVBs, etc., their size, and the cost was similar across the board (approximately $25,000), with a placement guaranteed for two years. Commissioner Janssen noted that it was a good interview process and we were able to ask questions. He noted that the committee strongly recommended SearchWide for the executive search. Marian indicated that the company will also receive 25% of the final compensation as well. Commissioner Butler agreed with Commissioner Janssen's comments and he noted that SearchWide was very responsive, the documentation was very clear and they were very professional and had an extensive list of placements. He also addressed the issue of diversity and travel expenses, and he knew his area and was very confident and clear. Commissioner Butler noted that the decision was unanimous. Vice Chair Peters noted Mr. Carra is located in the state, and was able to join us today to address the various community stake-holders as well as our partners. Commissioner Janssen moved that the board retain SearchWide for the executive search; Commissioner Butler second the motion; the motion was unanimously carried. Vice Chairman Peters noted that the Transition Committee was also able to address the need for an interim to replace Patrick. At 8:28 a.m. Jim Carra entered the meeting. Vice Chairman Peters welcomed Jim and SearchWide as our search firm. Jim introduced himself and SearchWide explaining that he is located in Traverse City. Jim reviewed the company's most recent placements. Appointments have been set with Mr. Carra and the Board, and he offered to meet via the phone as needed. He explained that the information gathered from interviews will help to develop a profile and position overview will be developed for the candidates. Jim Carra will personally interview the candidates and will check references, with 5-7 candidates to be recommended to the Committee for review and then personal interviews will be conducted. He is aware of LEPFA's immediate need due to Patrick's departure and will include as many candidates from diverse backgrounds Board. Introductions were made and the floor was opened to questions. Vice Chairman Peters clarified that a full search committee would be interviewing the candidates, and would include the Board and other entities from within the community. Mr. Carra noted that they will put together a "marketing campaign" for this position,but it will mostly consist of active recruiting and it will be posted on the various industry web sites. Jim Ruff asked if it is typical of CEO's to bring other people with them, given the vacancy of Patrick's position. He noted his concern was for existing staff and other organizations, and asked what might typically happen. Jim noted that would be an individual conversation between the Board and the candidate. Vice Chair Peters noted in terms of the timeline, it looks realistic to be placing someone by the beginning of February. She also noted that it is possible to move the time line ahead due to the heavy load that staff has which was clear after meeting with them. Mr. Carra explained that it is often used an opportunity for the new leader to come on board and to be able to have an influence on some of the key hires. LEPFA Board of Commissioners Meeting Page 3 October 26, 2004 Jim Ruff asked if any of the individuals would be associated with management firms (i.e. Grand Rapids). He asked if Mr. Carra would consider firms as well as individuals. Mr. Carra noted that would be a policy decision of the Board; however he would be in search of a person for the President& CEO position. Sharon Peters clarified that the firm would search as we direct them and that the committee has been operating in concert with the agreements that are in place with the Authority and the City as to how downtown facilities should operate. She noted that copies of the Operating Agreement are available. Glenn Kirk requested a copy of the agreement, noting that he had similar concerns about the search as well; he stated that as we begin our search for an individual, is it time to look at doing something like Grand Rapids? He noted he did not know the answer. At 8:53 a.m. Jim Carra was excused from the meeting. Vice Chairman Peters, noted in regard to the interim situation, Patrick's departure was not anticipated when the Board last met, and she noted that his last date is November 14. The Transition Team looked at how to handle that piece and they had a discussion as well as meeting with the top available staff. She noted that the Transition Committee wants the Commissioners to be comfortable with the idea that the Transition Team had on how to handle the interim. At 8:55 a.m. the LEPFA staff members were asked to exit the meeting. The Transition Committee members present (Sharon Peters, James Butler and Charles Janssen) reviewed the steps that had been taken and the options that had been reviewed regarding interim management of LEPFA from the time of Patrick's departure until the new President & CEO is appointed. The Transition Committee had solicited input from a number of sources including Peter Sullivan, Patrick Talty, and the four executive search firm representatives. Commissioner Peters, Butler and Janssen all summarized their involvement and discussed a meeting held with a number of the senior LEPFA staff members to obtain their input about the strengths, weaknesses and needs of the current staff. The Transition Committee stressed the value of the senior staff's input to evaluate the options. They noted that the senior staff was doing a great job and they are all busy, and although capable of taking on additional challenges, their workloads just do not allow for any additional time to be devoted to additional duties. Janssen, Peters, and Butler indicated that one option being considered was hiring Mike Barber of Venue Management Solutions, LLC, who had previously managed LEPFA for an interim period before Peter Sullivan was hired. A lengthy discussion occurred regarding Mr. Barber's background and qualifications and the experiences Board members and staff have had with Mr. Barber. Commissioners Butler and Sinadinos had positive working relationships and impressions of Mr. Barber from the prior transition. After lengthy discussion, it was unanimously agreed that Mike Barber would be appropriate for the Interim President and CEO position. Discussion ensued regarding budgeted salaries for Peter and Patrick compared to the amount needed to retain Mike Barber for three(3)months. It is the Board's desire to retain Mr. Barber at the most reasonable rate possible, but they believe that the cost would definitely be less than the amount budgeted for Peter and Patrick's salaries and benefits. Commissioner Janssen moved that the Transition Committee is authorized to retain Mike Barber and his company, Venue Management, LLC as an independent contractor for a 12 week period at a rate not to exceed $3,500 per week. The contract with Mr. Barber will also include LEPFA's payment of up to four (4) round trip flights to Florida, long term extended stay housing during his time in Lansing, and miscellaneous additional benefits such as the use of a vehicle. The motion was second by Commissioner Butler and unanimously approved. LEPFA Board of Commissioners Meeting Page 4 October 26, 2004 At 9:25 a.m. the LEPFA staff members were asked to return to the meeting. Vice Chairman Peters reported that the Commissioners have affirmed the offer to Michael Barber to serve as interim LEPFA Director for a period of three months. She noted that the sentiment also of how valuable and assuring it is to the Commissioners that the staff in place is of the high caliber that they are and are able to keep us functioning, and that the Board and the partners of the City have offered to be available to provide extra time to focus on LEPFA. A meeting with the full Board and staff will be scheduled for Tuesday November 2, with a confirmation to be forthcoming. C. SECRETARY/TREASURER'S REPORT: 1. FYE 2004/5 Audit: Committee Chairman Sinadinos noted that the Board members should have received a copy of the final audit, noting that some of the wording has changed, but not the numbers. She opened the floor to questions and moved that the audit be accepted as presented. Support: Commissioner Jeffries, the motion was unanimously approved. At 9:40 a.m. Jim Ruff and Charles Janssen exited the meeting. 2. Act 99 Resolution: Marian noted that after our last meeting, Glenn Kirk expressed some reservations about allowing us to have a million dollars under the City's Act 99 and he asked us to reconsider the amount we needed for Act 99 currently to move forward and we have come up with$642,000 of equipment and items that we need including the carpet and the wall, which is $381,000, and HVAC upgrades, engineering services for a fix in the foundation($28,000) and a riding vacuum at$10,800 which totals to$642,046. Mr. Kirk felt that this was a workable amount. Marian asked that the prior resolution be amended to reflect the change in the equipment requested,and the amount requested to$642,046.45. A motion to accept the resolution was made by Commissioner Sinadinos; second Commissioner Jeffries, and it unanimously passed. Commissioner Wootton asked how we will proceed with the other items, and it was noted that they will be requested in a future resolution. Mr. Kirk explained that originally he thought LEPFA had their own Act 99 fund that they could borrow from. Once he understood that Act 99 is all of the City's obligation he then had to consider how LEPFA's request prioritizes with the other items and asked LEPFA to re-consider their immediate needs and then come back and make another request which he will support. The motion carried. 3.Monthly Financial Statements for the Periods Ending August 30, 2004 and September 30, 2004: Committee Chairman Sinadinos reviewed the financial statements as follows: a. Lansing City Market - August 30, 2004: Building Rental for the current period is $5,368 which is up over the previous year's amount of $4,299. Year to date Building Rental is $11,023 which exceeds the prior year's amount of$9,418. Total Revenues for year to date are $11,093 compared to $9,668 for the prior year. Under Operating Expenses - Salaries and Wages for year to date are $7,728 compared to $6,666 for the prior year. Utilities for year to date are$5,916 compared to$5,986. Insurance/Bonding is down at$411 compared to the prior year's$754. Total Operating Expenses are$21,195 compared to $20,391for the prior year. The Operating Loss for year to date is($10,101) compared to ($10,722) for the prior year. LEPFA Board of Commissioners Meeting Page 5 October 26, 2004 After taking into account the City Contribution and Interest, we have income of$5,749 compared to last year's amount of$9,463. The cash position is down at$41,535 for the current year and compared to the prior year's amount of$94,662, and reflects loans to the Lansing Center and to Common Ground. Under Budget versus Actual, Building Rental for year to-date is better than what was budgeted by $1,118. Total Operating Revenues are better than budget $1,068. Under Operating Expenses - Salaries/Wages are better than budget by $1,018. Utilities are better than budget by $585. Total Operating Expenses for the current period were better than budget by $2,063 and for year to-date they were better than budget by $4,088. After taking into consideration the City Contribution and Interest we are better than budget for year to date by $5,001 and after adding in depreciation, we are better than budget by $5,300. b. Oldsmobile Park- August 31, 2004: The Event Revenues are $11,237 and are comprised of"Park After Dark" movies and a charity baseball game. Expenses for the events are $9,723 for an Event Income of$1,514 which was applied to the Event Development Fund. Under Expenses, Utilities for year to date are $9,793 compared to $9,419 for last year. Insurance/Bonding for year to date is $6,255 which exceeds the prior year's amount of$11,488, which is down by $5,200. Maintenance of Facilities for the current period is $7,239, which consisted of work on the HVAC system and the grounds. Excess Revenues over Expenses for year to date are $3,251 compared to the prior year's income of$2,828. At 9:50 a.m. James Butler and Glenn Kirk exited the meeting. Total Cash is down at $223,084 for the current year compared to $344,532 for the prior year. The difference is because we have not received the allocation. The Event Development Fund is $71,646 which is up compared to the prior year's amount of $66,255. Under Budget versus Actual - Salaries/Wages were better than budget by $898. Utilities for year to date are higher than budget by ($805). Insurance/Bonding is better than budget by ($4,910). Total Operating Expenses are better than budget by $6,114. After taking into consideration the City Contribution and the allocation in interest, we are better than budget by $3,327. c. Lansing Center- August 31, 2004: Building Rental for the current period is$36,070, which is less than the prior year's amount at $40,000; year to date Building Rental is $49,730 compared to the previous year's amount of$53,245. Food and Beverage for the current period is $144,543 compared to $111,863 for the prior year and the year to date figure is$239,614 compared to$161,655 for last year. Equipment Rental for year to date exceeds the prior year to date at$46,601 compared to$29,768. Total Operating Revenues exceed the prior year's year to date at$355,566 compared to$280,945. Under Operating Expenses, Salaries/Wages for year to date are $240,517 compared to $230,380. Professional Services are at $28,493 compared to the prior year's amount of$40,015. Utilities are up slightly at $96,458 compared to $94,314. LEPFA Board of Commissiuners Meeting Page 6 October 26, 2004 Total Operating Expenses for year to date are $755,032 compared to the prior year's expenses of$741,772 for an Operating Loss for year to date of($399,465) compared to the prior year's loss of($460,826). Taking into account the City Contribution and Interest, we have a loss of($258,568) compared to the prior year's loss of($348,887). After totaling Cash and Cash Equivalents we have$136,852 compared to the prior year's amount of$112,832. Under Liabilities-Unearned Advanced Rent, for the current year is $385,270 exceeding the prior year's amount of$316,123. Under Budget versus Actual — Building Rental variance for year to date is better than budget by $2,976. Food and Beverage was better than budget by $4,612. Equipment Rental is better than budget by$35,956. Total Operating Revenues for the current period are better than budget by $20,666 and for year to date they are better than budget by $41,671. Under Operating Expenses Salaries/Wages are better than budget for year to date by$5,246. Utilities were better than budget by $2,859. Insurance and Bonding was better than budget by $5,889. Food and Beverage expense is higher than budget by ($10,598). After netting revenues against expenses, we are better than budget by$53,554 for year to-date. After taking into account the City Contribution and Interest, we are better than budget by $47,368. At 9:55 a.m. Ellen Jeffries exited the meeting. d. Lansing City Market— September 30, 2004: Building Rental for the current period was$5,090 which is more than the prior year's current period of$4,562; year to date it is at$16,113 compared to$13,980 for the prior year. Total Operating Revenues for year to date are$16,218 which exceeds the prior year's amount of$14,265. Operating Expenses — Salaries/Wages are similar for year to date at $11,255 compared to $11,908 for the prior year. Utilities are less for year to date at $8,916 compared to $9,091. Insurance/Bonding is less at$617 compared to$1,132. Total Operating Expenses for year to date are$30,286 compared to$33,292 for an Operational Loss year to date of($14,067) compared to last year's loss of($19,026). After taking into account the City Contribution and Interest, we have excess revenues over expenses of$9,712 compared to last year's amount of$11,259. Cash is down at$45,653 versus $92,090 which is a reflection of the loan to the Lansing Center and a loan to Common Ground. Operating Revenues are better than budget by $1,702 for year to date. Total Operating Expenses are better than budget by$7,305. After netting expenses against revenues we are better than budget by$9,008 and after adding in the City Contribution and Interest, we are better than budget by $8,777. e. Oldsmobile Park-September 30, 2004: Event Revenues are$11,409 and are comprised of Park After Dark. Event Expenses are $7,523 netting us $3,885, which applied to the Event Development Fund. Utilities are up slightly at $14,879 compared to $13,253. Insurance/Bonding is down for year to date at$9,383 compared to $17,232 for the prior year. Total Operating Expenses for year to date are$61,000 compared to$65,560 for last year. After adding in the City Contribution and-Interest, we have excess revenues over expenses of$9,605 compared to a loss last year of($5,293). LEPFA Board of Commissioners Meeting Page 7 October 26, 2004 Cash is down due to not having received the allocation and we had less events compared to the prior year. Total Cash is $158,898 compared to $315,430 for the prior year. The Development Fund is up at$75,532 compared to $59,931 for the prior year. The Operating Expenses are better than budget for the current period by$13,730 and year to date we are better than budget by $19,845. After taking into account, the City Contribution, Interest and the under funding by the City of Lansing we are better than budget by $15,709. f. Lansing Center - September 30, 2004: Building Rental for the current period is $50,147 compared to the prior year's amount of$70,712 which is due to a different mix of events. Total Operating Revenues for the current period are $418,419 compared to $350,516 for the prior year; for year to date the figure is$773,986 compared to$631,462. Under Operating Expenses - Salaries/Wages for year to date are $390,072 compared to $390,002. Utilities exceeded last year at$151,454 compared to$137,756. Total Operating Expenses for the current period are $455,010 compared to $459,654 for the prior year; year to date expenses are$1,210,043 versus$1,201,426 for the prior year. We have a net loss of($224,729) compared to ($402,078). Cash and Cash Equivalents are at $90,480 compared to the prior year's amount of $159,789. Unearned Revenue - Advanced Rent is at $379,732 compared to the prior year's amount of$353,939. Unreserved Equity is $9,057 compared to the prior year's amount of$24,742. Our Building Rental is less than budget by ($8,208) for year to date. Food and Beverage is better than budget by $42,730. Equipment Rental was better than budget for year to date by $27,898. Total Operating Revenues are better than budget for the current period by $20,191 and the variance for year to date is better than budget by $61,863. Total Operating Expenses for the current period are better than budget by$4,493 and for year to date they are better than budget by$16,375. After netting expenses against revenues, we are better than budget by $78,238. After taking into account the City Contribution, City under funding, and Interest we are better than budget by $68,943. Finance Committee Chairman Sinadinos moved that the monthly financials for Oldsmobile Park, the Lansing City Market, and the Lansing Center for the periods ending August 31, 2004 and September 30, 2004 be received as published, and further that the monthly expenses for each entity be approved. SUPPORT: Commissioner Wootton, the financials were approved as submitted. D. TRANSITION COMMITTEE: No further report. E. PERSONNEL COMMITTEE: No report. F. LONG RANGE PLANNING COMMITTEE: No report. LEPFA Board of Commissioners Meeting Page 8 October 26, 2004 VII. COMMISSIONER AND STAFF COMMENTS: A. Denise Wootton: No report. B. Charlotte Sinadinos: Commissioner Sinadinos noted that she is confident that things are moving along smoothly, and that the Transition Committee is doing a wonderful job; however, she hoped to be included in some of the meetings and that there will be further communication with all Board members. Vice Chairman Peters noted that it is the Transition Committee's plan when it comes time for candidate interviews that the meetings will be open to the full Commission and other stake holders in the City. Vice Chairman Peters noted that Linda does have copies of the job description and the org chart available and that they will be included in the computation of the CEO profile. She asked Patrick to email the information to the Commissioners that are absent as well. VIII. INTERIM PRESIDENT AND CEO'S REPORT: Patrick Talty reported the following: A. Common Ground: Patrick noted that we are working very hard on the numbers and they appeared to be very positive compared to last year and that we will have netted more money than last year and plan to reinvest it in the event. Linda Frederickson reported renewal notices have been distributed for the "Uncommon Club" memberships. This Wednesday Common Grounders will get the first opportunity to purchase Common Cards before they go on sale to the general public and(their notice will go out tomorrow)they will have until November 22 to make their purchases. Common Cards and gift cards will go on sale December 2 until the festival. Festival dates are July 11-17 which has been confirmed with GM. Common Cards will be $79 this year and there will be no service charge through TicketsPlus. Sharon Peters noted it is good news that we will be ahead this year and asked if Common Ground reinvestment is reflected anywhere in the financials. Patrick indicated that the Lansing Center had capital investments in Common Ground for the first three years and that will be replenished through Common Ground back to the Lansing Center and over time it is hoped that the investments will be replenished. B. Union Report: Patrick reported that the agreement with the UAW and the Food and Beverage Workers has been ratified by the Union (it is a three year agreement). The only outstanding contracts are with IATSE and the Technical Services division, and the Stagehands. The Technical Services branch has filed with MERC to be de-certified from the Union and legally we can't negotiate with them. To-date IATSE has not responded to our negotiation request. C. Lansing City Market: Linda Frederickson reported that August and September Rent Revenue was up as well as occupancy. Weekend entertainment continues and is scheduled through November. This past weekend the City Market participated in the "Harvesting Hope Fall Festival" on October 23. Upcoming events include "Silver Bells" on November 19 and the Market will serve cider and will have Santas on hand as well as entertainment. D. Oldsmobile Park: Patrick reported that Fright Night is taking place and we are on pace with last year, but will beat last year's figures because we have one more night this year. Patrick encouraged folks to stop by. He noted we have been working with the City and the Lugnuts on three different issues. LEPFA Board of Commissioners Meeting Page 9 October 26, 2004 An audit is underway by HNTB and the cost($46,000) will be split between the Lugnuts and the City, it begins on November 8 and the results are due the second week of December. He noted the audit will be the planning tool to assist the City in negotiating a new lease deal with the Lugnuts. Secondly the score board is almost finished, which was a$450,000 investment by the Lugnuts. And last, the City is purchasing and installing a new field which is being grown by MSU and the City will pay about$100,000(not including equipment). It should be installed next fall and the new groundskeeper that the Lugnuts are hiring should be in place by then as well. E. Lansing Center: Patrick reported that for September Building Rental was down, attendance was down, room nights and economic impact was up. • Sales Update: Patrick reported he would send an email/memo out regarding the Sales Update. • Facility Highlights: Facility Highlights were distributed and will be emailed to those who were not present • Upcoming Events: Patrick noted we are hosting a new event with Kevin Meyer and the Lansing Ballet Company in December in conjunction with the Lansing Symphony Pops Show on December 11. We will host the Lansing Ballet Company with the Symphony on December 12. Patrick thanked the staff for their help and assistance and friendship over the past 3.5 years. He also extended his thanks to the Board for the great opportunity, and he thanked Michael Meyers and Peter for bringing him here. Patrick thanked the Board for their help and time and all that they do for this organization. He noted he can't express his appreciation enough for what they have done for him. Patrick stated that he will miss many aspects of Lansing, the Board and the Staff, but not the weather. Vice Chairman Peters thanked Patrick. She noted that we have to look forward, and the Transition Committee has been working hard, but that does not detract from the sense that organization has in sending Patrick off. She noted there will be a luncheon for Patrick as well on November 12 at 12:30 p.m. and because many of the Board members were unable to be here for this portion of the report, and noting the comments that they would have ordinarily made, it is appropriate to have a separate good bye for Patrick. Vice Chairman Peters expressed thanks on behalf of her colleagues and noted that whole Board will have more to say; she thanked Patrick and wished him well and expressed appreciation for his work. Vice Chairman Peters noted that the news about Common Ground is very exciting. She noted in lieu of the thoughts of other regarding the transition, it appears to her that we will come out of the transition very strong and while it is hard, it is an opportunity for something new. Vice Chair Peter expressed appreciation on behalf of the Board for all that our good, strong staff does, and for keeping things in such good shape right now. LEPFA Board of Commissioners Meeting Page 10 October 26, 2004 IX. OLD BUSINESS: No report. X. NEW BUSINESS: No report. At 10:25 a.m. the meeting was adjourned. THE NEXT MONTHLY MEETING IS SCHEDULED FOR TUESDAY, NOVEMBER 23, 2004 AT 8:00 A.M. AT THE LANSING CENTER IN THE GOVERNOR'S ROOM. Respectfully submitted, Heidi K. Brown, Recording Secretary LANSING ENTERTAINMENT AND PUBLIC FACILITIES AUTHORITY BOARD OF COMMISSIONERS MEETING AUGUST 24, 2004 MINUTES At 8:01 a.m. Chairman James W. Butler III called the meeting to order in the Governor's Room of the Lansing Center; 333 E. Michigan Avenue; Lansing, Michigan 48933. COMMISSIONERS PRESENT: James W. Butler III, Tim Haggart, Charles Janssen, Ellen Jeffries, Glenn Kirk (Ex-Officio), Cyril McGuire, Sharon Peters, Charlotte Sinadinos and Denise Wootton. COMMISSIONERS EXCUSED: Jim Ruff(Ex-Officio) and Kris Nicholoff. OTHERS PRESENT: Heidi Brown, Marian Bryant, Linda Frederickson, Bill Grove, and Patrick Talty- Lansing Entertainment and Public Facilities Authority. III. ESTABLISHMENT OF THE AGENDA: Commissioner Sharon Peters indicated that she would have to exit the meeting prior to her 9:00 a.m. meeting with the Governor, and she asked that if there are any areas of discussion that may required her involvement, that they be moved up. IV. PUBLIC COMMENT: There were no comments. V. APPROVAL OF THE MINUTES OF JUNE 22, 2004: The minutes of June 22, 2004 were adopted as presented. MOTION: Commissioner McGuire SECOND: Commissioner Jeffries, motion carried. VI. REPORTS: A. CHAIRMAN'S REPORT: Chairman James W. Butler III reported the following: 1. July 30 Press Release/Peter Sullivan's Departure: Chairman Butler noted that a press release was distributed regarding Peter Sullivan's departure for the Cardinals' stadium as the GM in Glendale, Arizona. Chairman Butler noted that in his opinion Peter did a super, super,job, and that he moved LEPFA to another level, and he noted that he will miss him dearly. Chairman Butler noted we held many recognition events for him which were extremely well deserved. 2. Transition Committee Meetings: Chairman Butler indicated that Transition Meetings have taken place. The first meeting took place on August 4 to discuss strategy and the process that would be used, and Peter was a part of that meeting. Another Transition Meeting was held on August 16 to map out the strategy and the Committee(with Commissioner Peters attending via a conference call) with primary objective to move forward. Chairman Butler noted General Motors, the Mayor and Councilmembers were all were present at Peter's farewell as well as the various sponsors and he noted that Peter and the staff did a super job. 3. Lugnuts Game: Chairman Butler noted that on August 13 the Board members were invited to attend a Lugnuts game and it was fun for all. 4. Operational Meetings: Chairman Butler noted that he has met with Patrick to discuss operational and conversational issues which indicates that we are constantly moving forward. LEPFA Board of Commissioners Meeting Page 2 August 24, 2004 B. NOMINATING COMMITTEE REPORT: Committee Chairman Charles Janssen noted that Tim Haggart has agreed to serve as Chairman; Sharon Peters as the Vice Chairman and Charlotte Sinadinos as the Secretary/Treasurer. Committee Chairman Janssen asked for any further nominations; there were no further nominations, therefore Chairman Janssen moved that the Nominating Committee's slate of officers be accepted as presented. Second: Commissioner Peters. The motion was unanimously carried. At 8:10 a.m. Chairman Butler asked Commissioner Haggart to assume the Chairman's duties and preside over the meeting. At this time outgoing Chairman Butler was presented with a gift basket and plaque and thanks were extended to him by Patrick Talty for his second term as LEPFA Board Chairman. Chairman Butler expressed his appreciation and noted that it was a pleasure and honor to serve as the Chair for a second time, and he noted that the LEFPA Board is one of the best boards that he has served on. C. SECRETARY/TREASURER'S REPORT: 1. Monthly Financials (Draft) For the Period Ending June 30, 2004: Committee Chairman Sinadinos reported that the financial are to be considered "draft" until the audit is completed. a. Lansing City Market: Building Rental for the current period is$9,214, which exceeds the prior year's amount of$8,772 and for year to date the amount is$51,400, which is less than the prior year's amount of$52,447. Parking Revenues for the current period are $4,449 compared to $4,645, and for year to date the amount is $21,578 compared to $27,162 for the prior year. Total Operating Revenues for the current period are $13,698 compared to $13,550 for the prior year, and year to date they are $73,458 compared to $80,370 for last year, which is down about$6,900 and is due primarily to parking. Under Operating Expenses - Salaries and Wages for year to date are $50,163 compared to $47,923 for the prior year. Utilities for year to date are $42,458, which exceeds the prior year's amount of $38,063, which is up by about $4,400 for year to date. Insurance/ Bonding for year to date is$4,122 which is more than the prior year's amount of$3,736. Maintenance of Facilities for year to date is $11,915 compared to $6,591, which are primarily the expenses for the new vendor. Total Operating Expenses for the current period are $15,709, which is less than the prior year's amount of$16,828 and for year to date Operating Expenses are$149,285 compared to$138,904 for the prior year; for a loss year to date of($75,827) compared to the prior year's loss of($58,533). After adding in the City Contribution and Interest we have a year to date loss of($6,257)compared to the prior year's income of$14,200. Our cash position for the year is $31,131 compared to the prior year's amount of $62,798. Accounts Receivable are $145,547 compared to last year's amount of$124,287, which is related to the loans to the Lansing Center and Common Ground. Unreserved Equity is $166,286 compared to $172,543 for the prior year. Under Budget versus Actual, Building Rental for the current period has a variance of $275, and for year to date the figure is ($1,100) less than budget. Parking for the current period is less than budget by ($816) and for year to date the variance is ($8,422). Total Operating Revenues for year to date are $73,458 compared to the budgeted amount of$83,220 which was less than budget by ($9,762). LEPFA Board of Commissioners Meeting Page 3 August 24, 2004 Under Operating Expenses - Salaries/Wages were better than budget for year to date by $4,755. Utilities were higher than budget by ($5,958). Maintenance of Facilities was higher than budget by ($2,365). Insurance/Bonding was higher than budget by $272. Our Total Operating Expenses were higher than budget for the current period by $1,341 and for year to date they are better than budget by $7,020. Netting expenses against revenues we have a variance higher than budget by ($2,741). After taking into consideration the City Contribution and Interest, we are higher than budget by ($5,494). After factoring in depreciation we are higher than budget by ($2,822). b. Oldsmobile Park: The Event Revenues for the current period, which consisted of three Diamond Classic events and the Michigan Mile are $21,873 less than last year; minus the Event Expenses of$7,743 we have an Event Income of$14,130, which was applied to the Event Development Fund. Operating Expenses - Salaries/Wages for year to date are $54,881 which is less than the prior year's year to date amount of $56,380. Professional Services for year to date are $16,123 compared to $331.00, which was attributed to the two audits that took place during the fiscal year. Insurance/ Bonding for year to date is $62,661 compared to $50,508 for the prior year. Total Operating Expenses for year to date are $271,011 compared to expenses of$241,370 for the prior year. After taking into account the City Contribution and Interest, we have a loss year to date of($30,034) compared to the prior year's loss of($2,028). Total Cash for the current year is $16,012 compared to the prior year's amount of $91,506. The Net Event Development Fund for the current year is at$70,154 compared to the prior year's amount of$72,276. Unreserved Equity for the current year is $86,187 compared to $118,344. Under Budget versus Actual - Salaries/Wages for year to date are $54,881 compared to the budgeted amount of$57,273, which is better than budget by $2,391. Professional Services for year to date are higher than budget by ($10,373) due to the audits. Utilities for year to date are higher than budget by ($4,348). Insurance/Bonding is higher than budget by ($5,661). Total Operating Expenses for year to date are $271,011 compared to the budgeted amount of$269,069; which leaves us higher than budget by $1,942. After adding in the City Contribution and Interest, we are higher than budget for year to date by ($4,065). After figuring in depreciation we are higher than budget by ($13,259) and after taking into account the under funding by the City we are higher than budget by ($28,188). c. Lansing Center: Chairman Sinadinos reminded everyone that this year we had MSHDA in June and the prior year it was held in May. She also noted Wally Byum didn't generate income for the Lansing Center despite occupying all of the space; however, it was a good community and public relations event. Building Rental for the current period is$54,759, which is less than the prior year's amount of$67,819 and the year to date Building Rental is$1,020,000 compared to last year's amount of$1,058,000. Food and Beverage for the current period is $122,863 compared to $205,684 for the prior year and the year to date amount is $2,666,000, which is less than the prior year's amount of $2,867,000. Equipment Rental for year to date is $717,944 compared to $580,208. Trade Show Utilities $188,487 exceeds the prior year's amount of$163,574. Labor Service for the current year is $200,616 compared to $221,344 for last year. Total Operating Revenues for the current period are $308,728 compared to $386,166 last year. LEPFA Board of Commissioners Meeting Page 4 August 24, 2004 Total Operating Revenue for year to date is $4,959,041 compared to $5,066,249. Chairman Sinadinos noted that we are very close to the$5,000,000 mark and that it was a very good year. At 8:20 a.m. Glenn Kirk entered the meeting. Under Operating Expenses - Salaries/Wages for year to date are $1,777,000 compared to$1,811,000. Professional Services are $191,144 for year to date compared to the prior year's amount of$238,277. Utilities for year to date are $583,728 which is less than the prior year's Utilities of$611,706. Insurance/Bonding is$142,920 compared to$125,206. Food and Beverage expense for year to date is$1,693,359 compared to$1,791,902. Total Operating Expenses for the current period are $601,395 compared to $643,373 for the prior year and for year to date the figure is $5,683,539 compared to $5,770,373. Our Operating Loss for year to date is ($724,497) compared to the prior year's loss of ($704,123). After taking into account the City Contribution and Interest, we have a loss year to date of($193,034) for this year compared to last year's amount of($24,236). After totaling Cash and Cash Equivalents we have$349,250 for the current year compared to the prior year's amount of$463,211. Under Liabilities - Unearned Advanced Rent, which is an indicator of future business, for the current year is$282,481 compared to the prior year's amount of $290,050. Unreserved Equity for the current year is $233,787 which is less than the prior year's amount of$426,821. Under Budget versus Actual-Building Rental for the current period is less than budget by $6,608; for year to date the amount is less than budget by ($33,640). For the current period Food and Beverage was less than budget by($77,123) and for year to date it is less than budget by ($84,262). Equipment Rental is better than budget for year to date by $224,944. Security is better than budget by$27,155. Tradeshow Utilities are better than budget by$48,987. Labor Service is better than budget by$46,416 for year to date. Total Operating Revenues for the current period are$308,728 compared to the budgeted amount of$349, 813 which is less than budget for the current period by($41,084)and for year to date the figure is $4,959,041 compared to the budgeted amount of$4,739,500, which is better than budget by $219,541. Under Operating Expenses, Salaries/Wages for year to date are higher than budget by ($16,123); which is comprised of part time labor related to events. Fringes and Related Costs are higher than budget by ($26,908) and is attributed to medical expenses. Professional Services are higher than budget by($55,944). Utilities are higher than budget for year to-date by ($2,708). Insurance/Bonding is higher than budget by ($10,320). Total Operating Expenses for the current period were higher than budget by($75,096)and year to date they were more than budget by ($233,826). After netting expenses against revenues we are higher than budget by ($14,284.89). After taking into account the City Contribution and Interest, we are higher than budget by ($28,298). After factoring in depreciation we are higher than budget by ($13,402) and after figuring in the under funding by the City, we are higher than budget by ($77,000). LEPFA Board of Commissioners Meeting Page 5 August 24, 2004 Finance Committee Chairman Sinadinos moved that the monthly financials for Oldsmobile Park, the Lansing City Market, and the Lansing Center for the period ending June 30, 2004 be received as published, and further that the monthly expenses for each entity be approved. SUPPORT: Commissioner Butler, the motion carried. 2. Act 99 Financing: Chairman Sinadinos noted that everyone should have received and reviewed the resolution to authorize "Act 99" purchasing. The Finance Committee has reviewed the resolution and is recommending its adoption to the Board of Commissioners and it will then be forwarded to the City Council for authorization. Marian noted the outline for the review process and the attachment details the equipment and infrastructure items that we propose to purchase under Act 99. Marian asked that the Board authorize the purchase of up to $1,000,000 in equipment, which is outlined in Exhibit A and will be purchased as outlined in the plan that was developed with Glenn Kirk and details items that will be needed over the next few years. Marian noted that our current plan calls for us to purchase the moveable wall for the ballroom, the carpet for the ballrooms and meeting rooms, and the riding carpet extractor. She explained that having advanced approval for future items would expedite the process and as such is asking for approval to purchase all of the items; however only the items that have been outlined will be purchased, and the City has approved as a part of the budget process$60,000 annually to pay for the carpet and moveable wall. Patrick noted that the remainder of the purchases may not occur for as far out as ten years, but we know that we will need the other items with the expansion and it would make for a smoother process if the approval was already in place and the Board will be notified as the purchases are made. Commissioner Butler noted that upon review of the list, there are very large ticket items such as the moveable wall, which is almost$400,000 and the carpet is $130,000 and both are needed for us to be competitive and it is imperative that we do this on a real time basis, and he further indicated his support of the resolution. Glenn Kirk reviewed the list with Peter and Patrick and noted further that although there are some large ticket items, he did not find anything that was extravagant for this type of building/operation. He noted that we know we have to plan for both expansion and replacement in order to stay competitive in the market and in order for us to one day hope to be competitive and profitable we have to be seen as a class place to be and have to put a good foot forward. Mr. Kirk noted that he would recommend that although we are moving forward with the approval of all the items at one time, he felt it would be appropriate that the Board would ask that approval be given by the Board before spending funds on the additional items. He noted other than that, he fully supported the resolution and felt it was the right thing to do. Chairman Haggart asked for a motion to accept the resolution as presented, it was moved by Commissioner Janssen; supported by Commissioner Peters. Commissioner Jeffries asked that the full Board approve additional purchases moving forward. The motion carried. 3. Carpet Purchase: Chairman Sinadinos indicated that in July, 2001 carpet was purchased for the exhibit halls, and it is revenue generating carpet that is used by parties that use our facility. Chairman Sinadinos noted that in July, 2001 the cost of the carpet was$43,481 and during the three year period the carpet generated revenues of$559,600 and it needs to be replaced and its time to reinvest in new carpeting. LEPFA Board of Commissioners Meeting Page 6 August 24, 2004 The Finance Committee approved the request to purchase carpeting for a price up to $50,000. D. INTERIM PRESIDENT AND CEO'S REPORT: Patrick Talty reported the following: Patrick thanked Commissioner Butler for his past year of leadership and dedication. 1. Common Ground: Patrick reported that Kevin Meyer will join him at the September meeting to present a report on Common Ground and we should have financial information at that time as well. He noted that it looks very positive and he would be shocked if we were not in the same positive status that we were at this time last year. He thanked the Board for their support of the festival and he thanked the Board members that volunteered (Charlotte Sinadinos, and Ellen Jeffries,) and the Board members who were sponsors. Patrick thanked the City Departments as well as the City for sponsorship of the festival, Kevin Meyer, and the LEPFA Vice Presidents who worked tirelessly to make the event successful. Patrick thanked GM for their commitment, noting that without them the festival would not be possible and he noted that it is a cast of many that make the festival possible. Patrick indicated that we attracted nearly 90,000 people over the five days and we had to use our evacuation plan for the first time on Tuesday night. The plan has been in place for all five years and worked flawlessly. He noted we went to the Gannon Building and the Parking Lot at LCC during Crosby Stills and Nash's intermission. Patrick noted that the planning does work when we all work as a team and the paper covered it positively. 2. Executive Session: At 8:40 a.m. Chairman Haggart asked that the Regular Monthly Meeting be delayed to accommodate an Executive Session to discuss Personnel issues at this time to accommodate Commissioner Peter's departure. Motion was made to enter Executive Session by Commissioner Butler and supported by Commissioner Wootton. Roll call was as follows: Yes: Commission Butler, Commissioner Haggart, Commissioner Janssen, Commissioner Jeffries, Commissioner McGuire, Commissioner Peters, and Commissioner Wootton. At 8:55 a.m. the Executive Session and was adjourned and the monthly meeting was called back to order. The roll call was as follows: Yes: Commission Butler, Commissioner Haggart, Commissioner Janssen, Commissioner Jeffries, Commissioner McGuire, Commissioner Peters, and Commissioner Wootton. At this time Commissioner Peters departed from the meeting. Patrick resumed the Common Ground report. He noted that in September we will have more on Common Ground. He indicated that the Skybox sold out this year and two corporate parties were held this year (Holt High School Class Reunion and Enterprise Rent A Car). The Volunteer Wrap Up Party was held last week and he shared the following: over 10,000 hot dogs were sold; over 270 rolls of toilet paper were used; 2,500 trash bags were used and the estimated economic impact after this year will reach about $20,000,000 total for all five years. He also noted we had a couple attend Alice Cooper from Australia. LEPFA Board of Commissioners Meeting Page 7 August 24, 2004 3. Union Report: Staff continues to meet with the UAW regarding the Food and Beverage workers contract. Meetings have been held and we continue to move in a positive direction. 4. Lansing City Market: Linda Frederickson reported that June and July Rent Revenue was up for compared to last year and the occupancy was up as well. She noted the Market i is preparing for the fall season. Special Events include the weekend Market Entertainment, which continues through this weekend and has been ongoing on since May 1. The Market participated in Common Ground and the Chili Cook off and will participate in the "Harvest of Hope" fall festival in October. 5. Oldsmobile Park: Patrick reported that since the last meeting we have hosted the "Hubbell Realty Hitting Homerun for Kids" event which is the second annual celebrity softball game and they are looking to return next year. We also hosted our first set of movies, which included "Mean Girls," "Scooby Doo 2," and "13 Going on 30" (it was one of our biggest attendance weekends). Over Labor Day we will host"Park After Dark" again and the movies will be "Harry Potter 3," "Shrek and Shrek 2," and "Garfield." In mid September we begin set up for Fright Night and the theme is "Psycho Path." The Lugnuts reached the playoffs which will begin on September 9. Patrick noted positive meetings continue with the City, LEPFA and the Lugnuts regarding issues such as capital expenditures and the future of the team. Commissioner Butler asked where contract negotiations stand with the team. Patrick noted HNTB will perform an operational audit of the ballpark and the cost will be split. Trey Rogers from MSU has looked at the field and the playing surface is one of the issues. Patrick noted he and Tom will be developing a list that they want the engineering firm to review and once that is started the parameters of the lease (new or extension) will be discussed. Commissioner Butler asked for the time line; Patrick noted we are trying to move quickly but at a pace that is not negative for either party, nor are we rushing into anything so that all of the ramifications are understood. They are moving at an aggressively cautious pace. Glenn Kirk clarified that Tom gave a time line of the first quarter of next year. 6. Lansing Center: Patrick noted in the month of June last year we were down in attendance by 4,000; down in room nights and down in economic impact. To-date, we were down in attendance, but up in room nights by over 4,200 and up in economic impact by about $380,000 which is impacted by the mix of events (i.e. Wally Byam impacted room nights). Sales Update: Patrick reported that since late July we have re-booked or issued 30 different groups contracts. For 2004-5 we had 23 weddings and for 2005-6 we have 5 definates and 7 prospects already. We have issued contracts to the Deer and Turkey Spectacular; a contract has been issued for a new event which is a Landscaping Contractors Student career day; Autowares has re-booked and we have booked three different groups for monthly meetings. Farm Bureau has re-booked for their Business Redevelopment Conference in October 2005 and space is being held for OrgPro Summer Conference, they will be in Detroit in 2006 and we are being considered for 2007. We are also holding space for the Addy Gala and the Lansing Ad Clubs monthly meetings. LEPFA Board of Commissioners Meeting Page 8 August 24, 2004 We are also bidding for the 2007-8 state meeting for the Kiwanis as well as the Non Profit Association's Volunteer Super Conference's return. We are also holding space for the return of the City of Lansing Diversity Conference in April. Facility Highlights: Patrick noted in the month of June we hosted the Wally Byam International Caravan Club and they had over 1,500 rigs and 3,000 attendees. They had a great deal of positive press indicating that they donated blood, donated Teddy Bears, collected cans and built homes for Habitat for Humanity. We had a Bead Mercantile Show in July which will return in 2005. August 15 we hosted the Great Lakes Feis Competition with 2,000 dancers and 1,200 spectators and they have booked for the next two (2) years and the Mayor presented them with a proclamation making August 15 the Great Lakes Feis Day in Lansing. We also hosted the Council of Round/Square Dance Club in the exhibit halls. Mid-West Reps Association was a group that we lost to Soaring Eagle and they have returned and we have rebooked them for the next two years. Upcoming Events: Upcoming events include on August 26 the Lansing School District and August 27-31Triton Industries will be in house (the Pontoon Boat Show). September 11 we will host the MSU Ice Breaker After Party; and September 19-21 Michigan Association of Realtors will be in house for their annual convention/conference. 7. Operable Wall Update: Patrick noted we have chosen a vendor for the operable wall, following the distribution of the RFP. Advance Equipment Wall Company was selected and we are moving forward with them on the design and selection. We hope to have the wall installed by the first of the year. Patrick extended his thanks to Board for their support during this transition period and he expressed thanks for all of the kind words and for the Board members' support. E. TRANSITION COMMITTEE: Chairman Haggart noted that the Committee has met and has decided to engage the services of a search firm to fill the President& CEO position. A draft of the RFP has been distributed, and he asked that any changes be forwarded to Linda or Heidi by tomorrow. Commissioner Janssen extended his thanks to Patrick for serving during this transition period and noted that he is doing a fine job. He also noted that a motion is needed to authorize the Transition Committee to retain the services of a search firm, which was moved by Commissioner Janssen and seconded by Commissioner Jeffries. Commissioner Janssen also noted that anyone interested in attending the Transition meetings or in being involved in the process would be very welcomed. Commissioner Ellen Jeffries asked what the process is and Linda Frederickson indicated that the scope is explained in the RFP. F. PERSONNEL COMMITTEE: No report. G. LONG RANGE PLANNING COMMITTEE: No report. LEPFA Board of Commissioners Meeting Page 9 August 24, 2004 VII. COMMISSIONER AND STAFF COMMENTS: A. Commissioner Charlotte Sinadinos: Commissioner Sinadinos extended her congratulations and thanks to Patrick for taking on the duties of Interim President&CEO. She also noted that she would like the Board to recognize the importance of Marian Bryant and her role for taking on extra duties and noted that her knowledge and leadership is crucial to the functioning of this Center and that she is an unspoken hero. B. Linda Frederickson: Linda reported that one of the things implemented this year during Common Ground was a research strategy through a partnership with Capital Research Services. Over 1,000 onsite surveys were completed and next Tuesday, August 31, a focus group will be held with area businesses to get a handle on the festival's economic impact on regional businesses and will be included in next month's report. Linda noted that she will attend a CVB branding meeting and has been asked to meet with them on their business plan and their marketing strategy, and she will update the Board on the results. C. Glenn Kirk: Glenn expressed his excitement about being a resource/party to the Board and expressed his commitment to all the entities. He noted well-before working with the City he had been involved in Common Ground and that he is probably more aware of LEFPA happenings and brings a different perspective. He noted speed is of essence to him and that you want to be first and moving at the speed of business, which means that we have to do a better job at being out there and being first with our citizens, our customers, our investors and people who want to make Lansing a top notch place to live and do business. He noted they are committed to working with Patrick and LEFPA and the team and that he will also talk to Patrick on performance based metrics and how we do the things that we do and the economic impact ,which will raise the awareness on how important the things that we do are here in Lansing. D. Commissioner Ellen Jeffries: Ellen noted that the LEPFA staff and all the volunteers did a fantastic job on Common Ground, in particular her team leader, Heidi. Ellen noted that the staff puts in many long hours and are so enthusiastic and that all of the LEPFA staff is working at Common Ground. She also noted that everything appears to be running more smoothly based on the Information Booth and that people seem to know what to do and it seems to go more smoothly every year. Commissioner Jeffries noted that she always volunteers for opening night, and this was the best one ever. In regard to the Act 99 Financing she noted Glenn Kirk's input is appreciated. Commissioner Jeffries also thanked James for his service as well as Tim, and for their leadership role in conducting the executive search. She also expressed the Board's support of the staff as we move through this transition period. E. Commissioner Cyril McGuire: Commissioner McGuire congratulated Tim on his voyage and expressed his appreciation of James' year and noted that this is the greatest staff anywhere. F. Commissioner Charles Janssen: Commissioner Janssen agreed with the comments made and asked those who would have not signed the caricature of Peter that they do so. He also commented to Commissioner Denise Wootton that his prayers are with her and Jim. G. Heidi Brown: Heidi extended her thanks to Brian and Ellen Jeffries for volunteering on the busiest night (opening night) and the second night of Common Ground and noted that their time is appreciated. Councilmember Sandy Allen was thanked as well. LEPFA Board of Commissioners Meeting Page 9 June 22, 2004 H. Patrick Talty: Patrick thanked Commissioner Butler and Commissioner Haggart for their leadership and for the time they have given them. I. Commissioner James W. Butler: Commissioner Butler noted that the movies in the Park have become a great hit and that he has heard about them constantly. He noted that he would also agree that Marian does a good job and that is why she is constantly recognized for the outstanding and professional job that she does, and that the Board really does appreciate it. He also noted that as a staff and board we are extremely lucky to have a strong leadership team and staff. He noted during this transition we have not missed a beat and everything is coming along fine and smooth and the leadership team and staff are pulling together to make sure that we continue the momentum, mission and vision that is ahead. Commissioner Butler expressed to Glenn that he is extremely happy that he is a part of our team and thanked him for being a friend of the City and Common Ground. He also noted that Common Ground has moved to another level and has become a world class event, which is represented by the regional attendance. Commissioner Butler suggested that the Board make a significant contribution to Jim Wootton and his family, in reference to his medical fees. Commissioner Butler made a contribution and asked that Board members match or exceed his contribution in some form or fashion. He noted that today we are all able bodied, but there is no guarantee. Commissioner Sinadinos noted that the Knight Cap is having a charity bike ride and Jim will be one of the recipients. Denise indicated that an account has been established at Citizen's Bank in Jim's name. J. Chairman Haggart: Chairman Haggart noted that he will be contacting Board members on Committee assignments and asked that members keep in mind committees that they wish to serve. Chairman Haggart also expressed his support of staff. VIII. OLD BUSINESS: No report. IX. NEW BUSINESS: No report. At 9:33 a.m. it was moved by Commissioner Janssen and seconded by Commissioner Butler that the meeting be adjourned. THE NEXT MONTHLY MEETING IS SCHEDULED FOR TUESDAY, SEPTEMBER 28, 2004 AT 8:00 A.M. AT THE LANSING CENTER IN THE GOVERNOR'S ROOM. Respectfully submitted, Heidi K. Brown, Recording Secretary LANSING ENTERTAINMENT AND PUBLIC FAULITIES AUTHORITY BOARD OF COMMISSIONERS MEETING NOVEMBER 23, 2004 MINUTES At 8:07 a.m. Chairman Tim Haggart called the meeting to order in the Governor's Room of the Lansing Center; 333 E. Michigan Avenue; Lansing, Michigan 48933. COMMISSIONERS PRESENT: Tim Haggart, Charles Janssen, Ellen Jeffries, Sharon Peters, Charlotte Sinadinos and Denise Wootton. COMMISSIONERS EXCUSED: James W. Butler III, Glenn Kirk (Ex-officio), Cyril McGuire, Kris Nicholoff, and Jim Ruff(Ex-Officio). OTHERS PRESENT: Michael Barber,Heidi Brown, Marian Bryant,Linda Frederickson, Bill Grove, and Dr. Dirk Spillemakers - Lansing Entertainment and Public Facilities Authority. Don Kulhanek - City Attorney's Office - City of Lansing. III. ESTABLISHMENT OF THE AGENDA: There were no changes to the agenda. At 8:10 a.m. Vice Chairman Sharon Peters entered the meeting. IV. PUBLIC COMMENT: Dr. Dirk Spillemakers, LEPFA Employee and Union Representative for AMTA(Technicians Association)thanked the Board for the opportunity to address them,and then he stated his history with LEPFA and read the following comments. Mr. Spillemakers noted that the labor agreement for this group has been expired for about seven years, which means that there have been no increases for the employees and during these years they feel that they have been able to provide reliable income generating for the Lansing Center and have been competent in their duties to the Center, i.e. providing power to the Lansing Center when the entire eastern seaboard was blacked out and the City of Lansing was dark. He noted that to-date they have the impression that they have been forgotten over the years and that the Union and Management, after a hiatus of seven years, change the circumstances and give priority to their situation. He noted nine years ago, it took almost 1.5 years to conclude agreements with Mr. Sullivan and Mr. Meyers and considering that they are already seven years static, they feel they cannot let things proceed in that direction any further. He noted that they have already lost an excellent member of the team(there are only 4 individuals in this group)because the person stated that they "cannot see any movement here at all." He noted that their concern is that during this quick transition they have tried to keep themselves in the forefront since their establishment about a month ago. He commented that they hoped that they can really impress upon the Board that they enjoy their employment,and they wish to continue their employment, but they need to catch up to the times. As the result of the static situation, (he noted the problems were with the Union as well as with anyone else), they want to make sure that as individuals and board members those present understand that they want at this point to move ahead as quickly as possible. Dirk noted that everything that they have submitted in their proposal to Mr. Talty, immediately before he left, has been approved either in other agreements that LEPFA has with Labor Organizations, or was discussed and given to them by Mr. Talty in terms of the direction he wanted to go. He noted that he would supply copies of the agreement to Heidi if anyone wanted to look at them, and he noted further that this is not an attempt by him to by-pass management, it is simply is an attempt to further communications. He sited the example of their concerns the fact that the employees do not contribute to Social Security, but rather to a retirement fund, which is impacted by the lack of increases for the past seven years, which ultimately decreases the sum a person has to draw from upon retirement and this troubles a number of employees. He invited questions to "elucidate on what is obviously a very reflective presentation" and he "implored" those present to get the situation resolved. LEPFA Board of Commissioners Meeting Page 2 November 23, 2004 V. APPROVAL OF THE MINUTES OF OCTOBER 26, 2004: The minutes of October 26, 2004 were adopted as presented. MOTION: Commissioner Peters SECOND: Commissioner Jeffries VI. REPORTS: A. CHAIRMAN'S REPORT: No report. B. SECRETARY/TREASURER'S REPORT: 1. Monthly Financial Statements for the Period Ending October 31, 2004: Committee Chairman Sinadinos reviewed the financial statements as follows: a. Lansing City Market - October 31, 2004: Income Statement: Building Rental for the current period was $3,652 compared to the prior year's amount of$3,989; year to date it is $19,765 compared to $17,969 for the prior year. Total Operating Revenues for year to date are $25,378, which exceeds the prior year's amount of $23,901. Operating Expenses- Utilities for year to date are $11,428 compared to $11,700. Insurance/Bonding has dropped significantly and for the year to date is $823 compared to$1,509 last year. Total Operating Expenses for year to date are $9,751 compared to $8,406 and for year to date the Operating expenses are $40,037 compared to $41,699 last year. After taking into account the City Contribution and Interest, we have excess revenues over expenses of$15,578 compared to last year's amount of$16,757. Balance Sheet: Cash is at $43,976 versus $26,565; Unreserved Equity is $181,864 compared to $189,301 for last year. Budget vs. Actual: Building Rentals were less than budget by ($1,004); and for year to date Building Rental was better than budget by $773. Parking Revenues were less than what was budgeted by($1,611). Total Operating Revenues had a variance for the current period that was less than budget by($2,640)and for year to date it was less than budget by ($937). Operating Expenses- Salaries/Wages are better than budget for year to date by $961. Insurance and Bonding is better than budget by $660 for year to-date. Total Operating Expenses for the current period were better than budget by$2,541 and for year to date they were better than budget by$9,847. After adding in the City Contribution and Interest, we are better than budget by$8,608; after taking out depreciation, we are better than budget by $9,235. b. Oldsmobile Park- October 31, 2004: Income Statement: Event Revenues for the current period are$35,682 and are comprised of Fright Night. Event Expenses are $49,321 (and we will be receiving more expenses) for an Event Loss of $13,639, which was applied to the Event Development Fund. Operating Expenses-Utilities for the current period were $6,113 compared to $4,507 for the current period last year, and the difference is attributed to steam issues which are being addressed and for year to date the figure is $20,993 compared to $17,761 for last year. Insurance/Bonding is down significantly for year to date at$12,568 compared to$22,976 for a difference of$10,500 saved. Total Operating Expenses for year to date are$80,603 compared to$85,962 for last year. After adding in the City Contribution and Interest, we have excess revenues over expenses of$13,562 compared to a loss last year of($5,582). LEPFA Board of Commissioners Meeting Page 3 November 23, 2004 Balance Sheet: Cash is $105,971 which is down from the prior year's amount of $182,020, which is due to fewer events and not having received the allocation. The Net Event Development Fund is $61,893 for the current year compared to $61,453 for the prior year. Budget versus Actual: Salaries/Wages are better than budget for year to date by$1,600.85. Insurance/Bonding is better than budget by $9,763 for year to date. Total Operating Expenses for the current period are better than budget by$3,458 and for year to date they are better than budget by $23,304. After taking into account, the City Contribution, Interest and the under funding by the City of Lansing we are better than budget by$17,813 and after adding in depreciation we are better than budget by $18,555. c. Lansing Center- October 31, 2004: Income Statement: The Lansing Center had a very good month using the benchmark of $500,000. Total Operating Revenues were $642,608 for the current period. Building Rental for the current period is $136,401 compared to the prior year's amount of $110,512. Food and Beverage is at $387,388 compared to the prior year's amount of $312,515 and for year to date the figure is $900,073 compared to $672,908. Tradeshow Utilities for year to date are $43,197 compared to the prior year's amount of$36,238. Total Operating Revenues for the current period are$642,608 compared to$521,589 for the prior year; and for year to date the revenues are$1,416,594 compared to$1,153,051 for last year. Under Operating Expenses- Salaries/Wages for year to date are$523,798 compared to $528,183 which is due to vacancies in the Operations Department. Fringes and Related Costs for year to date are$163,974 compared to$178,252 for the prior year. Utilities for year to date are $202,248, which exceeds the prior year's amount of $187,619. Maintenance of Facilities for year to date is$29,361 compared to$17,479 for the prior year, and the difference is attributed to irrigation system repairs. Events for the current period are$33,896 compared to$8,979, and is attributed to carpet that was rented from ArtCraft. Food and Beverage costs for year to date are $504,900 compared to $463,386 for the prior year. Total Operating Expenses for the current period are $504,941, which exceeds the prior year's amount of$478,873; year to date expenses are $1,714,984 which exceeds the prior year's amount of$1,680,299 for an Operating Loss year to date of ($298,389) compared to the prior year's amount of ($527,247). After taking into account the City Contribution and Interest,we have income of$40,028 for year to-date compared to the prior year's loss of($309,930). Balance Sheet: Cash and Cash Equivalents for the current year are at$111,645 compared to the prior year's amount of$82,786. Unearned Revenue- Advanced Rent(an indicator of future business)for the current year is$355,079 compared to the prior year's amount of $355,704. Unreserved Equity is $273,815 compared to $116,891 for the prior year. Budget versus Actual: Building Rental for the current period is better than budget by ($22,100) and for year to date it is better than budget by $13,892. Food and Beverage is less than budget by $2,611, but exceeds the budget for year to date by $40,119. Total Operating Revenues are better than budget for the current period by$36,724 and the year to date revenues are $1,416,000 compared to the budgeted amount of$1,318,000 which makes us better than budget by$98,587. Operating Expenses-Salaries/Wages for year to date are better than budget by$3,005. Fringes and Related costs are better than budget by $12,408. Utilities are less than budget for year to date by ($3,612). LEPFA Board of Commissioners Meeting Page 4 November 23, 2004 Insurance and Bonding is better than budget by$11,269. Events are higher than budget by ($32,223). Total Operating Expenses for the current period are less than budget by ($10,431) and for year to date they are better than budget by $5,944. After netting Expenses against Revenues, we are better than budget by$104,532 and after taking into account the City Contribution, the city under funding, and Interest we are better than budget by$86,915 and after adding in depreciation we are better than budget by$77,144. Finance Committee Chairman Sinadinos moved that the monthly financials for Oldsmobile ark, the Lansing City Market, and the Lansing Center for the period ending October 31, 2004 be received as published, and further that the monthly expenses for each entity be approved. SUPPORT: Commissioner Jeffries, the financials were approved as submitted. 2. Union Health Reimbursement Plan: Committee Chairman Sinadinos noted that the committee was presented with information regarding the Union Health Reimbursement Plan. Copies were distributed, and it was explained that this affects the Food and Beverage part-time employees. Marian explained that it was agreed to that we would institute a health reimbursement plan for the Food and Beverage on-call employees. The benefit is extended to anyone who works 1,500 hours in the prior calendar year or an average of 1,500 over the prior two calendar years. Those who qualify get 60 cents per hour worked contributed to the plan on their behalf, and they then can present qualifying medical receipts to be reimbursed up to the level that is in their account. Monies can be carried over to the next plan year and it runs from July 1 through June 30 and is for employees only. Unused funds are forfeited upon termination. Committee Chairman Sinadinos moved that we adopt the resolution as presented. SECOND: Commissioner Jeffries, motion carried. C. INTERIM PRESIDENT & CEO'S REPORT: Mike noted that it is good to be back in Lansing and to have the opportunity to help in some way as the Interim. He reported that he has spent the last two weeks getting reacquainted with the venues and the staff, and he noted it was good to see so many long tenured, quality and capable staff, and noted that is good not only for the Board and the City, but for the clients as well. He is now trying to tackle some of the issues, particularly some of the issues that are urgent and important. He indicated that the Board should be comfortable in that the current business is being handled by Operations Staff with planning and post event meetings; and through Linda's capable Sales and Marketing Staff new business is continually being booked. He noted October has been a great month and indicated that the ballroom renovations(the partitions and carpet)which fall under Act 99 is in the budget and has been approved by the Board and City Council. Marian drafted a resolution for Council approval. We have also learned how to streamline in getting such information before Council, given the personnel changes within City Hall. The resolution, with Councilmember Leeman's assistance went before the Ways and Means Committee last evening and will go to Committee of the Whole on Monday, and will be on the agenda for Monday's City Council meeting. We continue to move forward with the supplier and are on track in terms of the building schedule as well, and the commitments we made to clients will be upheld. 1. Lansin Center: Linda Frederickson reported during the month of October we held 54 events, which equated to 80 event days, with over 18,000 in attendance and room nights totaling 1,665 for an estimated economic impact of over $800,000 for October. LEPFA Board of Commissioners Meeting Page 5 November 23, 2004 • Event Highlights: On November 7 we hosted the Diocese of Lansing Youth Jamboree with over 1,000 youth attending the event from the region. November 11- 13 we hosted Hearts at Home for a fifth year and over 2,000 women attending, and over 2,000 boxed lunches were served as well. November 17-20 we hosted the National Caged Bird Show, which was a first time public sale and awards show. Silver Bells took place at the Lansing Center and the City Market on November 19 and we opened Hall C this year, and the Lansing Center was happy to serve cider and cookies and be a part of the 19' annual event. • Upcoming Events: Linda reported that we have booked the Deer and Turkey Spectacular through 2015 as well as the Michigan Safety Conference for 2009- 2012. New this year is the Intergalactic Beach Shows which have booked five different dates. We have issued contracts for the Foundation Games which is a public show. Potential new business includes the 2007 Michigan Quilt Network annual conference. We have also submitted a proposal for a Car Show for the week between Christmas and New Years. We have also submitted a proposal to the W.K. Kellogg Foundation for their 75'Anniversary conference in June, 2005. 2. Oldsmobile Park: Mike reported that HNTB Study/Operational Audit for the physical plant and systems that operate the park has been concluded and we should expect a report in mid-December. He also has met with Tom Dickson and Glenn Kirk on how we approach the findings of the study, and the business points and operational points of the agreement, and the ten year extension. Mike reported that the Mayor expressed an interest in meeting with Mr. Dickson and he will facilitate that meeting. Linda reported that over 7,000 patrons attended Fright Night this year and it was our best year to-date in terms of attendance. Next year will be our 10`f' anniversary and we are considering raising the admission fee. A post con was held with the Carpenters Union and we were very excited to have their commitment for next year as well. From a marketing aspect we are already of thinking of a theme that is a little "above," due to our ten year anniversary. Also, a suite 15 remodel is underway and we have met with the Bureau to discuss the $6,000 cost that will be split between both entities.The new setting will be more conducive to entertaining clients. LEPFA staff will paint and clean the carpets and the install is scheduled for March. 3. Lansing City Market: Linda Frederickson reported that rent revenue was down for the month but was up for year to date at $775. Occupancy was up at 86% for October. Weekend entertainment continues and will take place through the holidays. The Market was decorated for the holidays for Silver Bells, and Santa was on hand as well as the live reindeer. Krispy Kreme doughnuts were served as well as cider and the event was very well attended. As we have done in the past two years, the vendors will implement winter hours from 10:00 a.m. — 5:00 p.m. from January through March. LEPFA Board of Commissioners Meeting Page 6 November 23, 2004 4. Common Ground: Mike reported that a meeting took place with Kevin Meyer and his staff, and that there was good conversation about the wrap up of the last event and the kick off for the start of the new event. Linda reported a notice was sent to the Uncommon Club members regarding membership renewal. Common Card buyers were also solicited for pre-sale common cards and the deadline was yesterday. Next Thursday, December 2 the Common Cards will go on sale for $79 (there are no TicketsPlus ticketing fees) at all locations and there will be no additional fees for the single day tickets as well(other than postage). New this year we are purchasing some logo fleece that will be for sale at the Common Ground office to coordinate with their purchases. Commissioner Peters asked how the advanced ticket sales did; Linda noted that she did not have the information from Laurel, but she would be happy to share it once it is received. 5. Food and Beverage Update: Bill Grove distributed new menus to those present noting that there weren't any major changes, some items were deleted and added items, prices were upgraded and he explained that because we book in advance, we won't see the effect until March or April. Bill noted that Jeff in marketing did a great job and that our prices are in line with everyone else and will be a great selling point. He noted October has traditionally been a good month as was evidenced by the financials. Bill reported that we have been without a Bar/Concession manager for the past three months and have recently filled the position with Matt Birch who previously served as a part-time bar tender and has returned to us as the Bar/Concessions Manager. Bill noted that the Caged Bird group was very happy with the Lansing Center and hopefully that is a good indicator that they will return. 6. Finance Department Update: Marian noted that Don Kulhanek from the City Attorney's Office who is handling the Cam-Tre issue is present and currently is working on a hearing set for December 2. They have offered a settlement of$1,000 a month until it's paid off (about 5 years) and his direction is to try to shorten the time line and reach a settlement number that is less than owed, but would keep us from trying to collect over 5 years. When a settlement is reached, the Board will be asked to approve a "bad debt" allowance. 7. Union: Mike expressed his appreciation to Dirk and his Union members, and he indicated that we know how important they are to the building. He noted that Dirk has been heard, and unfortunately we can't always work on the timetable that we would like. He also noted that he does have Dirk's letter. Mike also complimented Heidi Brown. He noted that as a tenured staff member we are very fortunate to have her on Board and that she was able to provide a months briefing in two days and he noted that she is outstanding at that, from the simple to the complex things, and she does whatever it takes to get what is needed, and that has been true in all other transition scenarios and he expressed his thanks. D. PERSONNEL COMMITTEE: No report. E. LONG RANGE PLANNING COMMITTEE: No report. F. TRANSITION COMMITTEE: Chairman Tim Haggart noted that they continue to move forward with the search; Jim Carra will be on board following today's meeting for a conference call with James Butler and he welcomed all Commissioners interested to attend. LEPFA Board of Commissioners Meeting Page 7 November 23, 2004 VII. COMMISSIONER AND STAFF COMMENTS: A. Sharon Peters: Vice Chairman Peters echoed Mike Barber's comments; she noted that during this interim period, and as she has worked as a Commissioner, that she has been very impressed with the quality of the staff, and she noted that all staff has stepped up to the plate. She noted that there are vacancies and areas that are still open, and require extra effort on the part of staff, and that the staff has come to the fore and handled things well. She noted the October financials are a testament to the kind of work that is put out by the LEPFA staff, and she wanted to echo her appreciation as a Commissioner for the kind of job she is seeing. Mike thanked Sharon and indicated that her words will be passed on to staff. B. Linda Frederickson: Linda noted that we are partnering with the Greater Lansing Symphony on December 11 at 7:00 p.m. to present the "Jingle Bell Pops." Tickets are currently on sale and we expect it to sell out with a capacity of 2,200. On December 12 at 3:00 p.m. we are partnering with the Lansing Ballet on a "Nutcracker" show. The Employee Christmas Party will be held on Thursday, December 16; lunch will be provided and we will bowl at Holiday Lanes. The Board Party is Monday, December 20 in the Governor's Room and invitations will be forthcoming. C. Denise Wootton: Commissioner Wootton asked how Cyril is doing. It was noted that flowers were sent and Heidi has talked to him, and he is at home. D. Ellen Jeffries: Commissioner Jeffries thanked Dirk for attending today's board meeting. Ellen also noted that she would like to commend the individual responsible for getting the TicketsPlus fee eliminated because she heard comments regarding the fee. She also echoed Sharon and Mike's comments about the staff; and she noted that during the transition staff has had to work doubly hard with Peter and Patrick gone, and the financials show it. E. Councilmember Harold Leeman: Councilmember Leeman expressed his appreciation for all that everyone is doing during the transition. F. Charles Janssen: He echoed the previous comments and noted that it is a pleasure to have Mike on board as well. Commissioner Janssen stated that he has had the pleasure of negotiating with Mike on the phone and that he was a pleasure to deal with and his familiarity with the facilities and staff provided a comfort level that he would slip right back in, and he has done that. G. Bill Grove: Bill noted that the Union has finalized the agreement and retro pay has been distributed and everyone is happy. H. Tim Haggart: Chairman Haggart noted that he wished to echo everyone's thanks to Mike for coming into town and for hitting the ground running. He noted that words cannot express our appreciation. Mike indicated that it was like a homecoming for him and extended his thanks and commented that it's the staff that makes it work. LEPFA Board of Commissioners Meeting Page 8 November 23, 2004 VIII.OLD BUSINESS: No report. IX. NEW BUSINESS: No report. Commissioner Janssen questioned the condo development on Michigan Avenue in the parking lot across the street from Oldsmobile Park and asked if LEFPA is being heard in regards to that issue and if it will impact our business. Mike noted that he spoke with Tom Dickson regarding in Glenn Kirk's presence, and Glenn is very high on the issue and Tom is very supportive; however, Tom has concerns about the parking. Mr. Kirk has assured Tom that any parking that is displaced will be replaced in the immediate area. Mike noted everyone has been positive and the City is very sensitive to retaining the 205 spaces and it will be incorporated in the plan. Sharon noted the potential is also for a local theater, which could be a great positive for our facilities. Councilmember Leeman noted that there will be a hearing in a couple of weeks regarding that piece of property; and Jim Ruff is the person to contact regarding any issues we may have. Commissioner Janssen noted in regard to Oldsmobile Park, it appears that "private enterprise" takes over and provides parking in the smaller lots; his concern is the impact on our large tradeshows. Councilmember Leeman noted that the Council is waiting for the public hearing process and for the Administration to come before the full Council. At 9:02 a.m. the meeting was adjourned. THE NEXT MONTHLY MEETING IS SCHEDULED FOR TUESDAY,DECEMBER 14,2004 AT 8:00 A.M. AT THE LANSING CENTER IN +FrO�= tJM2 3;. Respectfully submitted, Heidi K. Brown, Recording Secretary LANSING ENTERTAINMENT AND PUBLIC FACILITIES AUTHORITY BOARD OF COMMISSIONERS MEETING DECEMBER 14, 2004 MINUTES At 8:10 a.m. Chairman Tim Haggart called the meeting to order in the Room 203 of the Lansing Center; 333 E. Michigan Avenue; Lansing, Michigan 48933. COMMISSIONERS PRESENT: James W. Butler III, Tim Haggart, Ellen Jeffries, Glenn Kirk (Ex- officio), Cyril McGuire, Sharon Peters, and Charlotte Sinadinos. COMMISSIONERS EXCUSED: Charles Janssen, Kris Nicholoff, Jim Ruff (Ex-Officio), and Denise Wootton. OTHERS PRESENT: Michael Barber, Heidi Brown, Marian Bryant, Linda Frederickson,Bill Grove, and Dr. Dirk Spillemakers - Lansing Entertainment and Public Facilities Authority. III. ESTABLISHMENT OF THE AGENDA: There were no changes to the agenda. IV. PUBLIC COMMENT: Dr. Dirk Spillemakers, LEPFA Employee and Union Representative for AMTA(Technicians Association) reported that he wished he could come with better news, but up to now they have had no communications as to when management will initiate negotiations for a contract that has been expired for several years, which "does not make for a very good Christmas." He noted perception is reality and the perception here is "that there is very little concern about us" and that he felt the reality is that the contract still isn't moving along. Dirk again asked/implored that the Board urge those that are of concern to move ahead with this. He noted he has been contacted twice by the state(the State will usually appoint to new associations a negotiator/mediator)that Mr. Corbin has been appointed and Dirk will move forward with him and he will tell them to move forward with the Authority. Dirk noted that he would like to see things be concluded quickly because this matter only concerns three people who have again within the past two weeks proved their value "by transforming this facility from an aircraft hanger to a theater" and helped to make a very real presentation of the Nutcracker a success, which he understood it was. V. APPROVAL OF THE MINUTES OF NOVEMBER 23, 2004: The minutes of November 23, 2004 were adopted as presented. MOTION: Commissioner Peters SECOND: Commissioner McGuire. VI. REPORTS: A. CHAIRMAN'S REPORT: No report. B. SECRETARY/TREASURER'S REPORT: 1. Monthly Financial Statements for the Period Ending November 30, 2004: Committee Chairman Sinadinos reviewed the financial statements as follows: a. Lansing City Market- November 30, 2004: Income Statement: Building Rental for the current period is $5,436, which exceeds the prior year's amount of$3,659; year to date is$25,201 compared to$21,628 for the prior year. Total Operating Revenues for year to date are $30,849, which exceeds the prior year's amount of $27,595. Operating Expenses- Salaries/Wages for year to date are $19,575 which exceeds $18,853 for the prior year. LEPFA Board of Commissioners Meeting Page 2 December 14, 2004 Utilities for year to date are $16,063 compared to $15,481 for the prior year. Insurance/Bonding is down for year to date at $1,029 compared to $1,836 for last year. Total Operating Expenses for year to date are $53,846 compared to $51,823 which is up by about $2,000. After taking into account the City Contribution and Interest, we have excess revenues over expenses of $13,702 compared to the prior year's amount of $14,587. Balance Sheet: Our cash position is $66,592 versus $13,169; Unreserved Equity for the current year is $179,988 which is less than last year's amount of$187,130. Budget vs. Actual: Building Rental for the current period is better than budget by $1,681, and the year to date Building Rental was better than budget by$2,454. Parking Revenues for year to date are less than budget by ($1,611). Total Operating Revenues for year to date are better than budget by $718. Operating Expenses - Utilities were higher than budget for the current period by($1,052)and for year to date we are better than budget by $191.79. Insurance/Bonding for year to date is better than budget by $826. Total Operating Expenses for the current period were higher than budget by ($1,213) and for year to date they were better than budget by $8,302. After netting revenues against expenses we are better than budget by $9,021 and after taking into account City Contribution and Interest, we are better than budget by $8,654. After taking out depreciation, we are better than budget by $9,431. b. Oldsmobile Park- November 30, 2004: Income Statement: Event Revenues for the current period are $100.63 which is interest. Event Expenses are$7,951 (the remaining expenses from Fright Night and the movies)for an Event Loss of($7,850); which was applied to the Event Development Fund. Operating Expenses-Salaries/Wages for year to date are$31,167 and exceed the prior year's year to date of $22,073 due to a higher allocation for this year. Utilities for year to date are $27,035 which exceeds the prior year's amount of$22,676. Insurance/Bonding is down significantly for year to date at$15,696 which is less than the prior year's$27,937. Total Operating Expenses for year to date are$99,553 which is less than the prior year's amount of$102,206. After adding in the City Contribution and Interest, we have excess revenues over expenses of$18,146 compared to a loss last year of($1,730). Balance Sheet: Cash for the current year is $150,192 which exceeds the prior year's amount of$137,508. The Net Event Development Fund is $54,043 for the current year compared to $55,367 for the prior year. Unreserved Equity for the current year is $88,222 compared to $99,704. Budget versus Actual: Salaries/Wages are better than budget for year to date by $2,161. Utilities are higher for year to date by $2,729. Insurance/Bonding is better than budget by $12,218. Total Operating Expenses for the current period are better than budget by $4,433 and for year to date they are better than budget by $27,737. After taking into account the City Contribution, Interest and the under funding by the City of Lansing we are better than budget by$20,867. After adding in depreciation we are better than budget by $21,886. LEPFA Board of Commissioners Meeting Page 3 December 14, 2004 c. Lansing Center- November 30, 2004: Income Statement: Building Rental for the current period is$72,120 which is less than the prior year's amount of$81,113 and for year to date the amount is $308,399 which is less than the prior year's amount of$315,583. Food and Beverage for the current period is $226,530 compared to $189,067 for the prior year and the year to date the figure is $1,126,000, which exceeds the prior year's amount of$861,975 which is attributed to the mix of events. Total Operating Revenues for the current period are$381,169 compared to $401,584 for the prior year; and the year to date the revenues are$1,797,764 compared to $1,554,636 for last year. Under Operating Expenses- Utilities for the current period are $45,997 which exceeds the prior year's current period amount of$41,397. Year to date Utilities are $248,246, which exceeds the prior year's amount of $229,016. Insurance/Bonding is down for year to date at$44,451 compared to$64,228 for the prior year. Food and Beverage expense for year to date is$651,070 compared to$586,005 for the prior year. Total Operating Expenses for the current period are $463,857, which exceeds the prior year's amount of$438,126;year to date expenses are$2,178,000 which exceeds the prior year's amount of $2,118,000. After taking into account the City Contribution and Interest, we have a loss of($4,634) for year to date compared to the prior year's loss of($297029). Balance Sheet: After totaling together Cash and Cash Equivalents for the current year we have $391,418 for the current year compared to the prior year's amount of$151,384. Unearned Revenue- Advanced Rent(an indicator of future business) for the current year is $375,655 compared to the prior year's amount of $335,865. Unreserved Equity is $229,152 for the current year compared to $129,792 for the prior year. Budget versus Actual: Building Rental for the current period is less than budget by ($21,436) and for year to date it is better than budget by $7,543. Food and Beverage Revenues are less than budget by$19, 408 for the current period; but they are better than budget for year to date by$20,710. Total Operating Revenues are$381,169 which is less than the budgeted amount of$440,606 by ($59,436); and the year to date revenues are better than budget by$39,151. Operating Expenses- Salaries/Wages for year to date are better than budget by $2,419. Utilities are better than budget by $48.13. Insurance/ Bonding is better than budget by $14,963. Food and Beverage Expense is better than budget by$11,954. Total Operating Expenses for the current period are less than budget by ($6,545). After netting Expenses against Revenues for year to date we are better than budget by$38,550. After taking into account the City Contribution, Interest, and the City under funding we are higher than budget by ($1,454). Finance Committee Chairman Sinadinos moved that the monthly financials for Oldsmobile Park, the Lansing City Market, and the Lansing Center for the period ending November 30, 2004 are received as published, and further that the monthly expenses for each entity be approved. SUPPORT: Commissioner Peters, the motion carried and the financials were approved as submitted. 2. CamTre Update: Marian Bryant reported that a settlement has been reached with CamTre via our attorneys; they will pay$2,500 a month beginning in February until they have paid half of the original amount over the next 12 months ($30,000). They also have the option to notify us by July of their intent to pay us a lump sum payment of$20,000 in lieu of the remaining monthly payments. LEPFA Board of C,ummissioners Meeting Page 4 December 14, 2004 If they miss a payment they will have a judgment against them for the full amount owed. C. INTERIM PRESIDENT & CEO'S REPORT: 1. Symphony/Ballet: Mike Barber noted that this weekend for the first time, we turned the Exhibition Hall into a Theater and hosted Friday, Saturday and Sunday performances of the Nutcracker/Symphony; which brought a number of people who have never been to the Lansing Center downtown for the performance. He noted it was an enjoyable test for the building and for the staff in terms of ticketing/box office; seating; sound 'and lighting, etc. At 8:30 a.m. Commissioner James Butler entered the meeting. 2. Act 99/Capital Funding Request: The$642,000 capital request was approved and we are now able to go into programming renovation of the ballroom. Mike noted through Marian and Glenn Kirk's diligence, and the City Council's support, we were approved for $642,000. Yesterday the trucks arrived on schedule and we have begun dismantling the current acoustical doors in the ballroom and will work to have the conversion finished because we have business booked. New carpet will be laid in the meeting rooms and we will continue to seek funding for the common area carpet. We were able to purchase a floor extractor, which will help improve the appearance of the common area and training has been held for the extractor. 3. HNTB Study - Oldsmobile Park: HNTB is reviewing the physical plant at Oldsmobile Park (e.g. chillers, HVAC, user space, food and beverage operations, etc.). Mike noted that there will be a meeting on the study this Friday at 9:00 a.m. and he invited anyone that is interested to attend the meeting. Glenn Kirk and Marty Riel will attend the meeting as well. Commissioner Sharon Peters asked how the acoustics were for the Symphony/Nutcracker performances. Mike noted that he did not hear any complaints and he was circulating throughout the event. Linda noted she sat in the back and the sound quality was fine and the ballet had theater seating, while the symphony was cabaret style seating. Mike noted he was impressed with the "enjoyable factor." Linda reported that Barb Smith was "very pleasantly surprised" and inquired about additional spring shows. Glenn Kirk noted that this event has opened up the theater atmosphere to a whole new sector, e.g. those who cannot normally afford to take their entire family to the Wharton Center; and he has heard nothing but positive feedback. Mike indicated that is why we saw many families, because typically you don't see a family at the Symphony. Linda reviewed the pricing. Mike complimented Linda and her staff for their attendance and noted that we had our staff on site throughout the event which demonstrated our interest in the event. We now have to evaluate the event because it is very labor and cost intensive for a weekend event. Commissioner Butler asked if this is a new revenue type event or was this an investment to see how labor/cost intensive such an event would be? Mike noted it was an investment to see how it would go and this first year we probably won't make money because it was a partnership and we will have to evaluate the total costs for the event. LEPFA Board of Commissioners Meeting Page 5 December 14, 2004 4. Lansing Center: Linda Frederickson reported during November we held 34 events, which equated to 47 event days, with over 11,000 in attendance and room nights totaling 764 for an estimated economic impact of over $475,594 for November. • Event Highlights: December 1 the Greater Lansing Convention&Visitor's Bureau held their client appreciation event. December 1 and 2 the Michigan State Police held their graduation and there was a lot of publicity. Public Shows (in addition to the Symphony and the Ballet)included Shipshewana on the Road and December 3-5; the "Just Catin Around" Cat Show was held on December 11-12. • Upcoming Events: Upcoming events include the Boat Show on January 5-9; Bridal World is in house on January 14-15; the Dr. M.L. King luncheon will be held on January 17 and the Motorcycle Swap Meet is scheduled for January 30. • Sales Highlights: Weddings for 2004-5 equated to 22 definite bookings and 12 prospects; and for 2005-6 we have 8 definite bookings and 25 prospects which are attributed to the changes made in our wedding packages over a year ago. • Confirmed/Repeat Business: Contracts have been issued for the Governor's Interfaith Education and Information Symposium; and the W.K. Kellogg Foundation in June, 2005 (new client). Repeat business includes contracts sent to the CPA's for 5 events in 2005; Government Technology for the Michigan Digital Government Summit in October; and Michigan Medical Group Management Association for November 2005; • Potential New Business: The Michigan Democratic Party is holding space for the 2006 state-wide convention. AAA of Michigan is considering January 2005 dates. We have submitted a proposal to Cooley Law School for their 2005 graduation reception on May 21. Commissioner Sharon Peters questioned the changes to the wedding packages. Linda explained that developed an all inclusive package. Bill Grove noted we broke the package down, which gave them more flexibility and allowed them to absorb the costs more easily. Commissioner Butler asked if Letts Bridal Show is returning; Linda noted they moved to the Holiday Inn South, and she will gather the specific details on their move. Glenn Kirk asked Linda to review the process for gathering room night information and how our partners (the CVB and Radisson) feel about the information. Linda noted that Kelly Duch, our Sales Coordinator, actually gathers the information from the Radisson and the CVB, and the information is shared with all properties at the joint monthly meeting. Mr. Kirk asked for further information on the conferences and Linda explained that the information is in the handout. 5. Oldsmobile Park: No additional report. 6. Lansing City Market: Linda Frederickson reported that rent revenue was up for November compared to last year. Occupancy was up at 82% for November and this was one of the highest Novembers that we have had. On December 4 we hosted our first Holiday Open House at the market. LEPFA Board of Commissioners Meeting Page 6 December 14, 2004 Commissioner Peters asked how Schnitz Deli is doing. Linda reported that Dominic has been very aggressive in his marketing and while sales have been less than he anticipated(his Manager has been out for four months due to a Common Ground injury); his manager, has returned and sales appear to be picking up and he continues to build the catering portion of the business while his commitment remains strong. Commissioner Butler asked if there was anything we could do to help stimulate his business through Lansing Center tradeshows, etc. Linda noted we do advertise Schnitz' on the events calendar at no charge and Dominic has developed a brochure. December 11 and 18 Santa will visit the Market and musical entertainment continues. Linda noted that Denise Wootton was pleased with the Nutcracker coming to the Lansing Center because the Ballet Company ordered all of their flowers for the performers and for the show from the Woottons. 7. Administration: Marian noted that we are in the process of reviewing and updating the Personnel Handbook with legal council, and will bring a draft copy to the Board for approval. Marian noted that there are some issues that have been reviewed and updated such as the "Anti-Harassment." 8. Food and Beverage Update: Bill Grove reported that everything is going smoothly. Bill also noted that his wife has a co-worker with children, one of which has Downs Syndrome; they attended the show and thoroughly enjoyed it and they had no problems with their viewing the show. Saturday Bill indicated that we had several events in house and in addition to the Cat Show and Ballet we were hosting 4 holiday parties, a wedding reception and the Symphony Reception. We used an employment agency and non-profit groups which are paid in the name of the group, e.g. Lansing Catholic Central, and overall it went well. D. PERSONNEL COMMITTEE: No report. E. LONG RANGE PLANNING COMMITTEE: No report. F. TRANSITION COMMITTEE: Chairman Tim Haggart noted that Mike has received resumes, which will be reviewed and interviews will be set up by the end of the month. He invited anyone interested to review the resumes with them. Commissioner Butler noted that he would like to recommend that Glenn be a part of the process. VII. COMMISSIONER AND STAFF COMMENTS: A. Commissioner Charlotte Sinadinos: Commissioner Sinadinos noted that she attended the Summit Contractors party (her brother) on Saturday and the food was good and there were many positive comments. B. Linda Frederickson: Linda reminded those present that next Monday, December 20 is the Board Holiday Party. Linda shared the most recent Common Ground Sales Report as of December 12; we have 210 orders with 636 common cards sold and our cash is up by $11,000 or 21%. Glenn Kirk suggested we pursue Common Ground payroll deduction purchases for LEFPA and City Employees, which makes buying the tickets easier, and suggested that we pick a unique time to offer tickets to those two groups. LEPFA Board of Commissioners Meeting Page 7 December 14, 2004 He noted in addition to presenting a sponsorship check to Common Ground from GM, they also presented a large check for payroll deducted ticket sales. Marian and Glenn Kirk will work out the details and process. He noted that it is to the advantage of the Board and the City's employees. C. Commissioner James Butler: Commissioner Butler commented that it is great to see Commissioner Cyril McGuire back at the table. He noted that he liked the fact that Mike was allowing the various Department Heads to report at the Board meetings. Commissioner Butler asked Mike to follow up on a negative report he heard at another Board meeting from Denise Peeks/Micro Enterprise, which was very disenchanting. Commissioner Butler also noted that he and other LEPFA Board members recently attended a productive meeting with the CVB Officers last week. Overall he felt the meeting was productive and progress was made and that there were issues that both sides came to understand better. He also made a general statement about the need for back up procedures for all of things that we do and noted that it is something to think about, so that we have the necessary back up procedures to make sure that we have things that are pipelined. Commissioner Butler asked Mike for the documentation on the pros and cons on facility management for reference. D. Commissioner Sharon Peters: Commissioner Peters noted due to our transition she has been more active than usual and she echoed James' comments regarding how the executive report is flowing and she appreciated the sharing of the information with the team and department leaders in terms of discussion. She also appreciated the more robust discussions in terms of the Board meetings and that it helps the Board members to become more informed and better engaged in the work that they are doing. She also expressed her pleasure in LEPFA exploring new avenues in terms of the Symphony and the Nutcracker performance and our facilities; and the discussions regarding the differences in the audiences that we are trying to reach. Vice Chair Peters noted that this information is very useful as discussions continue regarding the Performing Arts Center for the downtown and our role. In regard to the CVB, Vice Chairman Peters noted that she felt it is important that we move forward to maximize the ability for the community to market itself, for us to market this facility, and for us to work with our community partners. She also welcomed back Commissioner McGuire and noted that she would be glad to do some briefing with Cyril regarding the transition. E. Commissioner Cyril McGuire: Commissioner McGuire noted that he would be available for the CEO interview process anytime before March 2 and that he would not be available for two weeks after that date. Commissioner McGuire noted that he was glad to be back and complimented food and beverage on today's breakfast. He noted that he hoped to see everyone at the Christmas party. Commissioner Ellen Jeffries: Commissioner Jeffries welcomed Cyril back and thanked food and beverage for the breakfast today. She also extended thanks to Glenn Kirk for his assistance with the Act 99 process and for the discussion concerning Common Ground and payroll deductions. Commissioner Jeffries volunteered to follow up with the state on payroll deductions for Common Ground sales as well and she congratulated staff on the busy month and wished everyone "Happy Holidays" and noted that she looked forward to seeing everyone on Monday at the party. VIII.OLD BUSINESS: No report. LEPFA Board of Commissioners Meeting Page 8 December 14, 2004 IX. NEW BUSINESS: No report. At 9:20 a.m. the meeting was adjourned. THE NEXT MONTHLY MEETING IS SCHEDULED FOR TUESDAY,JANUARY 25,2004 AT 8:00 A.M. AT THE LANSING CENTER IN THE GOVERNOR'S ROOM. Respectfully submitted, Heidi K. Brown, Recording Secretary