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HomeMy WebLinkAbout2015 LEPFA Minutes LANSING ENTERTAINMENT & PUBLIC FACILITIES AUTHORITY BOARD OF COMMISSIONERS MEETING JANUARY 27,2015 MINUTES At 8:04 a.m., Vice-Chairwoman Linda Sims-Wright, called the meeting to order in the Regency 1 Room of the Radisson Hotel, located at I I I North Grand Ave., Lansing, MI 48933. COMMISSIONERS PRESENT: James W. Butler 1I1, Jim DeLine (Ex-Officio), Charles Janssen, Robert Johnson(Ex-Officio), Tim Kaltenbach, Charles Mickens, Linda Sims-Wright and Charlotte Sinadinos. COMMISSIONERS EXCUSED: Tim Barron, Angela Bennett (Ex-Officio) and Cindy Bowen. OTHERS PRESENT: Scott Keith, Paul Ntoko, Tristyn Wright Meyer, Heidi Brown, Gus Pine, Jennifer McFatridge, Shelly Busse, Lori Mellentine—Lansing Entertainment& Public Facilities Authority; John Decker, Deborah Owens - Lansing City Market and Jack Alexander. III. ESTABLISHMENT OF THE AGENDA: No changes to the agenda. IV. PUBLIC COMMENT: None V. APPROVAL OF THE MINUTES FOR JANUARY 27, 2015: A motion was made to approve the minutes from the November 18, 2014 meeting. Cal MOTION: Commissioner Sinadinos SUPPORT: Commissioner Janssen c 2 r'� Motion unanimously carried. `-� n' -r7 71 VI. REPORTS: c~7 f r— ca 1:­1 ri f A. CHAIRMAN'S REPORT: No report. B. SECRETARY/TREASURER'S REPORT: Jennifer McFatridge, Vice-President of Finance, reported financial information for month-ending December 2014: 1. November/December Financial Information: a. Lansing City Market: Total Operating Revenue year-to-date is $56,899 compared to the prior year's amount of$65,778. Total Expenses year-to-date is $92,641 compared to the prior year's amount of$100,514. Excess Revenues over Expenses year-to-date is a loss of($17,973) compared to last year's loss amount of($18,248). Balance Sheet: Total Cash is $63,953 compared to last year's amount of$90,271. Total Current Assets is $76,121 compared to last year's amount of$107,274. Accounts Receivable is $8,999 compared to last year's amount of$12,931. Accounts Payable is LEPFA Board of Commissioners Meeting Page 2 January 27, 2015 $47,122 compared to the prior year's amount of$18,379. Unreserved Equity is $27,093 compared to the prior year's amount of$57,404. Budget vs. Actual: Total Operating Revenue is behind budget by ($12,091). Total Operating Expenses is ahead of budget by $3,972. Excess Revenues over Expenses year-to-date is behind budget by ($8,119). b. Cooley Stadium: Total Operating Revenue year-to-date is $4,928 compared to last year's amount of$1,676. Total Expenses year-to-date is $154,166 compared to the prior year's amount of$148,038. Excess Revenues over Expenses is a loss of($36,458) compared to last year's loss amount of($34,841). Balance Sheet: Total Cash is $76,535 compared to last year's amount of $231,109. Accounts Receivable is $1,230,293 compared to the prior year's amount of $81,555. Total Assets are $1,407,987 compared to the prior year's amount of$406,092. Unreserved Equity year-to-date is $62,055 compared to the prior year's amount of $62,738. Budget vs. Actual: Total Operating Revenue year-to-date is $1,401 ahead of budget. Total Expenses are ahead of budget by $8,217. c. Lansing Center: Total Operating Revenue year-to-date is $2,590,555 compared to the prior year's amount of$2,352,821. Total Expenses year-to-date is $3,098,944 compared to the prior year's amount of$2,864,228. Excess Revenue over Expenses are a loss amount of($26,551) compared to the prior year's loss amount of ($32,409). Balance Sheet: Total Cash is $43,146 compared to last year's amount of$51,407. Accounts Receivable is $509,837 compared to the prior year's amount of$380,389. Accounts Payable is $141,284 compared to last year's amount of$116,681. Unearned Revenue/Advance Rent is $432,560 compared to the prior year's amount of $380,816. Unreserved Equity year-to-date is $542,534 compared to the prior year's amount of$326,008. Budget vs. Actual: Total Operating Revenue is ahead of budget by $588,634. Total Expenses are over budget by ($301,755). Excess Revenue over Expenses is ahead of budget by $299,546. Jim DeLine (Ex-Officio) asked if ball park renovations are paid for by LEPFA and reimbursed. Jennifer stated we pay and then submit an invoice to the City, receive the funds and then payment is sent to the vendor. Secretary/Treasurer Tim Kaltenbach moved that the November/December 2014 LEPFA Board of Commissioners Meeting Page 3 January 27, 2015 financials for the Lansing City Market, Cooley Law School Stadium and the Lansing Center be received as published and further that the monthly expenses for each entity be accepted. MOTION: Commissioner Kaltenbach SUPPORT: Commissioner Butler Motion unanimously carried. 2. 2013/2014 Fiscal Year-End Audit: Jennifer distributed a copy of the audit to everyone and noted the audit is unmodified. Jennifer reported the last two pages of the audit note areas for improvement. The first of the two pages is the same every year and due to our small staff size, these items are not easily changed. The second page recommends a more systematic review of Accounts Receivable list and setting up allowances for Bad Debt—this would allow us to collect before the debt is written off. Page four provides highlights of the audit. Jennifer noted the audit is on file with the City. Scott stated the insert has a summary and has been submitted to the city administrator, along with a statement of our acknowledgement of the audit and our deficiencies. Commissioner Butler asked if it is possible to have the audit presented to the entire Board as opposed to just the Finance Committee. Scott stated that typically,the presentation only takes about 10 minutes to give, which is why it is presented to the Finance Committee. Commissioner Janssen asked if the A-1 insert is the list of improvements. Jennifer stated, "yes", and her plan is to implement a system of double-checks so that we are able to comply with the auditor findings. Secretary/Treasurer Tim Kaltenbach moved that the Fiscal Year End Audit 2013 —2014 be accepted as reported. MOTION: Commissioner Kaltenbach SUPPORT: Commissioner Sinadinos Motion unanimously carried. C. PRESIDENT & CEO REPORT: Scott Keith, President& CEO, reported the following: 1. Annual Report: Scott reviewed the annual report and noted that an electronic version was sent to everyone this morning; a hard copy will be sent as soon as received. 2. Board Handbook: Scott reported Heidi put together a LEPFA Board Member Handbook that will be given to all new LEPFA Board Commissioners. Scott reviewed the materials included in the handbook and noted the handbook will be a great reference tool for everyone. LEPFA Board of Commissioners Meeting Page 4 January 27, 2015 3. State of the City Address: The Mayor's Preview breakfast will be held at the Lansing Center on Thursday morning and the State of the City Address will take place Thursday night. 4. Casino Update: Scott reported the Tribe will host an informational meeting at the Lansing Center on 2/10/15. 5. LEPFA Operating Agreement: The current agreement expires in October 2016; we are working to update the agreement language so it makes more sense in today's world. 6. Groesbeck: Scott reported the City is not comfortable with their processes yet; LEPFA will continue to manage the Food & Beverage/Operations and Marketing of the golf course. 7. Common Ground: Scott reported there is a"Sponsor Summit" scheduled for tomorrow. This summit will be held to meet with significant sponsors to discuss the event. 8. City Market: Scott stated there is a need to place emphasis on improvements to the City Market; attracting new vendors, rent structure, increase traffic and a new business plan will be the focus. Commissioner Butler asked what can be done about the City Pulse's negative reports regarding the City Market. Scott stated we will remain positive; noting the City Pulse decides who they will interview and what angle they will use when writing a report. Bob Johnson (Ex-Officio) relayed his experiences with the City Pulse and noted that LEPFA is not the only entity that the City Pulse goes after. Scott encouraged everyone to continue shopping at the City Market. 9. Stadium Update: Scott stated there will be a press conference tomorrow at the ball park announcing the Michigan Baseball Hall of Fame will take up residence at the stadium. Scott reported budget meetings for the project continue; noting savings in some areas can now go be added to areas where initial cuts were made. Scott stated a camera is mounted with the view to the outfield so progress of the project can be viewed. 10. LansingCenter:enter: Scott reported the Lansing Center is having a great year; however, there is a concern that eventually we will hit a plateau. Scott noted costs continue to increase; there is a need to work on more hotel rooms and downtown parking so that we can get more business to the downtown area. Bob Johnson(Ex-Officio)reviewed existing City parking ramps, lots and developments and noted work is in progress on an analysis of downtown parking expansion. D. PERSONNEL COMMITTEE: Commissioner Janssen reported the Committee met last week; noting along with himself, Commissioners Bowen and Barron and Scott were present. Discussions centered on vacant positions, timing for the CEO Evaluation process, CEO contract renewal and two items that require full LEPFA Board action. The first item is the elimination of 2 hours Personal time for salaried, exempt staff and adding New Year's Eve as a holiday. The second item is the updating of salary grades for various positions; which keeps LEPFA competitive as an employer. LEPFA Board of Commissioners Meeting Page 5 January 27, 2015 MOTION: The LEPFA Board of Commissioners Personnel Committee recommends LEPFA Board of Commissioners approval of the change to "eliminate 2 hours of personal time for regular, full-time, exempt employees and add New Year's Eve as a paid holiday for regular, full-time employees." MOTION: Commissioner Janssen SUPPORT: Commissioner Sinadinos Yays: 6 Nays: 0 MOTION: The LEPFA Board of Commissions Personnel Committee recommends the LEPFA Board of Commissioners approval of the updates to the LEPFA salary grade range as submitted to and approved by the Personnel Committee on January 22, 2015. MOTION: Commissioner Janssen SUPPORT: Commissioner Butler Yays: 6 Nays: 0 Both Motions unanimously carried. E. STRATEGIC PLANNING COMMITTEE: Commissioner Mickens reported the Committee met on Friday, January 23, 2015. Updates were received, but no action items to report. F. STAFF REPORTS—VICE PRESIDENTS/STAFF: 1. Tristyn Wri hg_t Meyer: Tristyn reported on the Jackson National Life and Dart Container Holiday parties that were held in December; noting both events were well attended and ran well. Tristyn reviewed the Governor's Inaugural Ball and praised the Staff for their efforts; noting the First Family was very pleased. Tristyn reported on the Martin Luther King Jr. Luncheon and thanked everyone for their continued support. Commissioner Butler stated the Luncheon was outstanding and the feedback has been wonderful. 2. Lori Mellentine: Lori reported on the "Taste of the Market" event that was held last Saturday and stated the attendance was outstanding. Lori stated there were many new faces at the event. Lori reviewed upcoming events at the City Market. 3. Paul Ntoko: Paul gave thanks to Lansing Center staff for all of the hard work put in over the last few weeks for all of the high profile events that were held. 4. Heidi Brown: Heidi thanked the Personnel Committee for approving the motions set forth. Heidi reported healthcare benefits will be up for review soon. Heidi thanked everyone for their support of the St. Vincent's Children's Charity and the Thanksgiving Turkey program. Heidi also thanked Commissioner Bowen for participating in the LEPFA U December session. 5. Gus Pine: Gus thanked everyone for their attendance at the LEPFA Board Holiday LEPFA Board of Commissioners Meeting Page 6 January 27, 2015 *Commissioner Kaltenbach exited the meeting at 9:25 a.m. Reception. Gus reviewed the Annual Report, new Lansing center log and website and provided a visual presentation of each. Gus reported revenue for the Lansing Center for this year will increase over last year by 10%; which translates to 20% growth over the last two years. Gus stated there is potential for added growth and we are researching additional revenue streams. *Commissioner Janssen and Jim DeLine(Ex-Officio)exited the meeting at 9:35 a.m. VII. COMMISSIONER & STAFF COMMENTS: No comments. VIII. OLD BUSINESS: None. IX. NEW BUSINESS: None. X. ADJOURNMENT: At 9:38 a.m. the meeting was adjourned. THE NEXT MONTHLY MEETING IS SCHEDULED FOR: FEBRUARY 24, 2015 LANSING CENTER - GOVERNOR'S ROOM Respectfully Submitted, Shelly Busse Recording Secretary LANSING ENTERTAINMENT & PUBLIC FACILITIES AUTHORITY BOARD OF COMMISSIONERS MEETING FEBRUARY 24,2015 MINUTES At 8:01 a.m., Chairman Tim Barron, called the meeting to order in the Governor's Room of the Lansing Center, located at 333 E. Michigan Ave., Lansing, MI 48933. COMMISSIONERS PRESENT: Tim Barron, Cindy Bowen, James W. Butler III, Jim DeLine (Ex- Officio), Charles Janssen, Robert Johnson(Ex-Officio), Charles Mickens and Charlotte Sinadinos. COMMISSIONERS EXCUSED: Angela Bennett (Ex-Officio), Tim Kaltenbach and Linda Sims- Wright. OTHERS PRESENT: Scott Keith, Paul Ntoko, Tristyn Wright, Heidi Brown, Gus Pine, Jennifer McFatridge, Shelly Busse, Lori Mellentine—Lansing Entertainment& Public Facilities Authority; Dirk Spillemaeckers - AMTA and Jack Alexander. III. ESTABLISHMENT OF THE AGENDA: No changes to the agenda. IV. PUBLIC COMMENT: Jack Alexander asked that Scott provide an update on the stadium project and to specifically address if there will be a second shift working. Scott stated he will provide a stadium update during his report. �- _ r , V. APPROVAL OF THE MINUTES FOR JANUARY 27, 2015: Chairman Barron nol`�d the—, minutes were written as November 18, 2014; Shelly stated she would make the neeessai�';change. A motion was made to approve the minutes from the January 27, 2015 meeting. MOTION: Commissioner Sinadinos SUPPORT: Commissioner Janssen 1"r� Motion unanimously carried. VI. REPORTS: A. CHAIRMAN'S REPORT: No report. B. SECRETARY/TREASURER'S REPORT: Jennifer McFatridge, Vice-President of Finance, reported financial information for month-ending January 2015: 1. January 2015 Financial Information: a. Lansing City Market: Total Operating Revenue year-to-date is $64,702 compared to the prior year's amount of$73,451. Total Expenses year-to-date is $107,775 compared to the prior year's amount of$117,046. Excess Revenues over Expenses year-to-date is a loss of($18,434) compared to last year's loss amount of($20,740). LEPFA Board of Commissioners Meeting Page 2 February 24, 2015 Balance Sheet: Total Cash is $70,395 compared to last year's amount of$83,930. Total Current Assets is $82,971 compared to last year's amount of$100,500. Accounts Receivable is $9,261 compared to last year's amount of$12,781. Accounts Payable is $40,186 compared to the prior year's amount of$20,757. Unreserved Equity is $26,631 compared to the prior year's amount of$54,912. Budget vs. Actual: Total Operating Revenue is behind budget by ($15,319). Total Operating Expenses is ahead of budget by $2,606. Excess Revenues over Expenses year-to-date is behind budget by ($12,713). b. Cooley Stadium: Total Operating Revenue year-to-date is $4,928 compared to last year's amount of$1,676. Total Expenses year-to-date is $182,882 compared to the prior year's amount of$168,963. Excess Revenues over Expenses is a loss of($27,478) compared to last year's loss amount of($18,556). Balance Sheet: Total Cash is $141,638 compared to last year's amount of $150,245. Accounts Receivable is $1,657,510 compared to the prior year's amount of $81,035. Total Assets are $1,899,304 compared to the prior year's amount of$330,154. Unreserved Equity year-to-date is $70,985 compared to the prior year's amount of $79,009. Budget vs. Actual: Total Operating Revenue year-to-date is $1,401 ahead of budget. Total Expenses are ahead of budget by $2,836. c. Lansing Center: Total Operating Revenue year-to-date is $3,168,640 compared to the prior year's amount of$2,858,585. Total Expenses year-to-date is $3,827,031 compared to the prior year's amount of$3,482,800. Excess Revenue over Expenses are a loss amount of($89,872) compared to the prior year's loss amount of ($59,126). Balance Sheet: Total Cash is $69,950 compared to last year's amount of$75,208. Accounts Receivable is $479,937 compared to the prior year's amount of$504,514. Accounts Payable is $216,266 compared to last year's amount of$221,598. Unearned Revenue/Advance Rent is $399,118 compared to the prior year's amount of $454,594. Unreserved Equity year-to-date is $492,011 compared to the prior year's amount of$299,292. Budget vs. Actual: Total Operating Revenue is ahead of budget by $711,803. Total Expenses are over budget by ($509,390). Excess Revenue over Expenses is ahead of budget by $214,378. Jim DeLine (Ex-Officio) asked Jennifer to explain why the loss in excess revenue is LEPFA Board of Commissioners Meeting Page 3 February 24, 2015 greater this year than last year. Jennifer stated the amount is based on the mix of events that were here this year versus last year; noting that several events from last year fell at different times this year. Jim also asked why there is an 80% increase in Marketing this year versus last year. Scott stated the increase is from expenses related to the development of the new website. Commissioner Charlotte Sinadinos moved that the January 2015 financials for the Lansing City Market, Cooley Law School Stadium and the Lansing Center be received as published and further that the monthly expenses for each entity be accepted. MOTION: Commissioner Sinadinos SUPPORT: Commissioner Janssen Motion unanimously carried. C. PRESIDENT & CEO REPORT: Scott Keith, President& CEO, reported the following: 1. 2015-2016 Budget: Scott stated the 2015 —2016 budget is almost complete; noting he would like to have one more session with the team to finalize. Scott reviewed each properties' subsidy request; the City Market's amount will not change, while an increase for the ball park will be requested. Scott reviewed the next year for the Lansing Center; noting there will be a slight decrease in rent due to the cyclical nature of the events in the building. Scott stated it will be a priority to reduce the Lansing Center subsidy and be equal to the ball park increase. Scott stated the budget will be presented to City Council in early/mid April. *Bob Johnson(Ex-Officio)entered the meeting at 8:15 a.m. 2. City Market: Scott stated there are surveys being conducted with customers, vendors and other community stakeholders asking for their vision of what the City Market should be. Scott stated he is working on"Visioning Sessions" with key stakeholders and leaders in the area. Commissioner Janssen asked Scott if there is a timeline for the surveys to be completed. Scott stated that the surveys will be ongoing; but initial results should be available in two weeks, then he will set-up the "Visioning Sessions". 3. Cooley Stadium: Scott reported the project is staying within budget and changes to the restrooms, suite levels and fan amenities have been possible due to being within budget. The project is attempting to stay on schedule; one challenge is pouring concrete for the bull pen due to the cold weather conditions. Scott stated a second shift started this week; noting that because of the large number of workers, a second shift makes working conditions safer for everyone. Scott reported the Central Garage is schedule to come down on March 1 Ocn LEPFA Board of Commissioners Meeting Page 4 February 24, 201 4. Capital Improvement Plan: Scott reported he is working on a long-term plan with the LEPFA staff and plans to present to the Strategic Planning Committee at the next meeting. Scott stated he is researching funding mechanisms that will fund LEPFA long- term; noting this falls under our lobbyist's contract. Scott reviewed possible funding mechanisms that may be options and discussed a funding mechanism that Oklahoma City has implemented. 5. Common Ground: Scott reported the Thursday line-up was announced and we are working to accommodate additional artist schedules. 6. Lansing Center Forecasting: Scott discussed the possibility of a"plateau" at the Lansing Center and what we can do to keep that from happening. Increases in rent, ancillary income and building occupancy will help; in addition, keeping our staff trained and happy so that they want to stay here is also important. Scott stated that by keeping staff happy and working here, we will be able to reach the next level and excel as a business. 7. Joint LEPFA/CVB Luncheon: Scott reminded everyone the next luncheon is scheduled for April 15, 2015. Scott asked everyone to think about what items they would like to include on the agenda. Scott stated the contract expires this Fall and should be included as a topic of discussion as well as a potential CVB Board representative from the LEPFA Board.. D. PERSONNEL COMMITTEE: No report. E. STRATEGIC PLANNING COMMITTEE: No report. F. STAFF REPORTS—VICE PRESIDENTS/STAFF: 1. Gus Pine: Gus reported that OrgPro, a very important piece of business, will be here in June; they were last here in 2007. This event is very high profile among Association leaders. The City, as well as surrounding areas, are involved in hosting this event. Gus stated that we are working with the CVB to create a customer service plan for this event. Gus reported this year is going very well; next year is a big focus and we are working to fill gaps. 2. Tristyn Wright: Tristyn reported on the Michigan Republicans event that was held at the Lansing Center over the weekend and stated there were no concerns with the "Open Carry" law this year. Tristyn stated she is working with Christman Co. on Cedar St. lane closures so as not to inconvenience client move-ins and move-outs. 3. Paul Ntoko: Paul stated that the month of February has been a productive one; with very good numbers to report. Paul reported his team's focus is on new hire training. Paul stated his team is ready for Groesbeck opening and will share further information as the season gets closer. 4. Heidi: Heidi stated she is working on staff health and wellness and healthcare with Brogan, Reed& VanGorder. In addition, she is working on a health and wellness plan with PHP and Sparrow. Heidi reviewed the City's program"Lansing Loses a Million"; noting this is a Lansing Parks & Rec initiative to get Lansing residents to lose a million pounds. LEPFA Board of Commissioners Meeting Page 5 February 24, 2015 VII. COMMISSIONER & STAFF COMMENTS: A. Chairman Barron: Chairman Barron stated he was not present at last month's meeting to report that he had a fantastic time at the Inaugural Ball; the hall was decorated beautifully, and the food and service was great—really proud of LEPFA. B. Commissioner Janssen: Commissioner Janssen stated the PACE report is very helpful and appreciates the report so that he understands the progress of Lansing Center. Commissioner Janssen noted that employee retention of key people at all levels is very important. C. Commissioner Mickens: Commissioner Mickens complimented the new website design. D. Commissioner Butler: Commissioner Butler asked about an intern program for LEPFA; and if so, how many interns are they currently. Heidi stated we do have a program and there are three interns working at this time. Commissioner Butler asked if there are any full-time staff that were once interns. It was noted there is one full-time staff member (Ashley Vance), who used to be an intern. Commissioner Butler stated it is important to train appropriately so that we keep young people in Lansing. Commissioner Butler stated that Board members should be informed of open internships, as Board members are ambassadors in the community. E. Commissioner Bowen: Commissioner Bowen gave a definition of what Dead Frog Far Out Volleyball is and how the organization got its name. F. Bob Johnson(Ex-Officio): Bob thanked Commissioner Mickens for an email he sent to him regarding parking services downtown. Bob reviewed parking services and how space management can maximize revenue for the City. VIII. OLD BUSINESS: None. IX. NEW BUSINESS: None. X. ADJOURNMENT: At 9:05 a.m. the meeting was adjourned. THE NEXT MONTHLY MEETING IS SCHEDULED FOR: MARCH 24, 2015 LANSING CENTER- HALL C Respectfully Submitted, Shelly Busse Recording Secretary LANSING ENTERTAINMENT & PUBLIC FACILITIES AUTHORITY BOARD OF COMMISSIONERS MEETING MARCH 24,2015 MINUTES At 8:06 a.m., Chairman Tim Barron, called the meeting to order in Hall C of the Lansing Center, located at 333 E. Michigan Ave., Lansing, MI 48933. COMMISSIONERS PRESENT: Tim Barron, James W. Butler 111, Jim DeLine (Ex-Offtcio), � Charles Janssen, Robert Johnson(Ex-Officio) and Charlotte Sinadinos. " 'f j COMMISSIONERS EXCUSED: Angela Bennett(Ex-Officio), Cindy Bowen, Tim Kaltenb4911 V� Charles Mickens and Linda Sims-Wright. OTHERS PRESENT: Scott Keith, Paul Ntoko, Tristyn Wright, Heidi Brown, Jennifer McFatridg&,`;; .- Shelly Busse, Kent Lenzen—Lansing Entertainment& Public Facilities Authority; Dirk Spillemaeckers AMTA, Deborah Owen—For Crepe Sake, Lansing City Market and Jack Alexander. Chairman Barron stated there is no quorum today, all matters that require approval will be moved to Old Business on next month's agenda. III. ESTABLISHMENT OF THE AGENDA: No changes to the agenda. IV. PUBLIC COMMENT: Jack Alexander asked that Scott provide an update on the stadium project and to specifically address the additional 600 seats, netting, LED lamps for light towers and billboard located near the scoreboard. Scott reported the 600 seats will be completed in the future; noting these seats are typically last to be sold due to sun exposure and the cost is $100,000. Scott stated the pole netting is crucial; however, the cost to change out is $60,000 per pole. Scott stated LED lamps have not been authorized by Major League Baseball yet; noting these are still in the test stage. Scott stated all ballasts will be replaced on the poles and should be complete by opening day. Scott stated the scoreboard billboard is part of the vision and was purchased by the team, but for now, three more ad panels.will be installed. V. APPROVAL OF THE MINUTES FOR FEBRUARY 24, 2015: Moved to Old Business on April Agenda. VI. REPORTS: A. CHAIRMAN'S REPORT: Chairman Barron stated he attended some Committee meetings and everything appears to be in order. B. SECRETARY/TREASURER'S REPORT: Jennifer McFatridge, Vice-President of Finance, reported financial information for month-ending February 2015: 1. February 2015 Financial Information: a. Lansin1l City Market: Total Operating Revenue year-to-date is $73,408 compared LEPFA Board of Commissioners Meeting Page 2 March 24, 2015 to the prior year's amount of$81,281. Total Expenses year-to-date is $123,563 compared to the prior year's amount of$133,562. Excess Revenues over Expenses year-to-date is a loss of($18,647) compared to last year's loss amount of($23,059). Balance Sheet: Total Cash is $66,466 compared to last year's amount of$66,479. Total Current Assets is $79,488 compared to last year's amount of$81,778. Accounts Receivable is $10,163 compared to last year's amount of$11,903. Accounts Payable is $41,469 compared to the prior year's amount of$22,646. Unreserved Equity is $26,419 compared to the prior year's amount of$52,593. Budget vs. Actual: Total Operating Revenue is behind budget by ($17,513). Total Operating Expenses is ahead of budget by $1,324. Excess Revenues over Expenses year-to-date is behind budget by ($16,189). b. Cooley Stadium: Total Operating Revenue year-to-date is $4,928 compared to last year's amount of$1,676. Total Expenses year-to-date is $203,111 compared to the prior year's amount of$196,892. Excess Revenues over Expenses is a loss of($10,010) compared to last year's loss amount of($9,273). Balance Sheet: Total Cash is $108,588 compared to last year's amount of $88,388. Total Assets are $4,073,247 compared to the prior year's amount of$264,298. Unreserved Equity year-to-date is $88,425 compared to the prior year's amount of $88,278. Budget vs. Actual: Total Operating Revenue year-to-date is $1,401 ahead of budget. Total Expenses are ahead of budget by $8,589. c. Lansing Center: Total Operating Revenue year-to-date is $3,850,205 compared to the prior year's amount of$3,376,056. Total Expenses year-to-date is $4,428,781 compared to the prior year's amount of$4,030,443. Excess Revenue over Expenses is $100,704 compared to the prior year's amount of$5,152. Balance Sheet: Total Cash is $68,813 compared to last year's amount of$87,864. Accounts Receivable is $623,073 compared to the prior year's amount of$445,620. Accounts Payable is $186,588 compared to last year's amount of$166,811. Unearned Revenue/Advance Rent is $348,996 compared to the prior year's amount of $433,577. Unreserved Equity year-to-date is $696,357 compared to the prior year's amount of$370,109. Budget vs. Actual: Total Operating Revenue is ahead of budget by $930,944. Total Expenses are over budget by ($554,398). Excess Revenue over Expenses is ahead of budget by $387,010. LEPFA Board of Commissioners Meeting Page 3 March 24, 2015 Jim DeLine (Ex-Officio) asked Jennifer is the Cooley Stadium Accounts Receivable amount is money that the City owes. Jennifer stated, "Yes, that is correct". 2. DRAFT Budget: Jennifer distributed a copy of the 2015 —2016 budget in DRAFT form. Scott stated the budget cannot be accepted by the Board until Council has approved. Scott reviewed the budget and noted: no additional funding for the City Market, only additional capital funds requested; a slight increase for Cooley Stadium due to venues that will operate all season long (this increase will cover the cost of additional utilities); due to increased ancillary revenue and the right mix of business, no additional funds will be requested for the Lansing Center. Allotments have been made for salary increases and healthcare increases. 3. Liquor License Resolutions: Chili Cook-Off and Common Ground require these resolutions and, without a quorum, will have to delay until next month's meeting. It was noted the Chili Cook-Off cannot wait until next month for approval due to time constraints, so a special meeting of the Finance Committee will be called to approve. C. PRESIDENT & CEO REPORT: Scott Keith, President& CEO, reported the following: i. City Council Audit Review: Scott stated the review went well at last night's City Council meeting; noting it was well received and pleased with the positive outcome. 2. Crosstown Showdown: Scott stated the suite is available for this event; anyone interested in attending, please RSVP to Scott or Shelly. 3. Joint LEPFA/CVB Luncheon: Scott distributed a copy of the Agenda for the upcoming joint luncheon scheduled for April 151h. Scott stated he would like both groups to mingle. Scott reported he, Jack and Gus will make presentations. Once presentations are complete; Scott stated discussions regarding the need for additional hotels downtown and alternative funding mechanisms must be had. Scott stated we all must be advocates for the downtown area and this conversation could become uncomfortable for some. Scott stated that if alternative funding is found for the Lansing Center, the million dollar subsidy the Lansing Center receives, could in turn, be used to build an additional parking structure; something else the downtown area needs. Commissioner Butler stated there is a need to have open discussions at these meetings; instead of walking away and not having a plan to move forward. Commissioner Janssen stated there is a need to have interactive discussions during these meetings and gave some examples as to how to accomplish this. Scott stated he continues to explore all avenues for additional funding, so as not to take away from CVB funding. 4. Groesbeck Agreement: Scott distributed a copy of the contract renewal and noted a change made to the sponsorship/marketing piece. Scott stated this will be approved at next month's meeting. 5. CPP/MEG Agreement: Scott distributed a copy of the new agreement and discussed changes made to it; noting the significant change is financial and explained the change. Scott stated this will be approved at next month's meeting. LEPFA Board of Commissioners Meeting Page 4 March 24, 201 6. Budget Hearing: Scott stated a tentative date of April 15, 2015 has been set for LEPFA's budget presentation to City Council. 7. Re-Grand Opening: Scott stated an invitation for the Re-Grand Opening of the ball park will be sent as soon as received; the date is April 9th at 10:00 a.m. on the plaza. 8. Common Ground: Scott reviewed the line-up to date. Scott stated an article will be in the City Pulse tomorrow discussing financial information; noting he will call Mickey Hirten today. 9. Ballpark Project Update: Scott provided an update on the suites, locker rooms, seating, scoreboard and ad panels. Also of note, painting, roof work and equipment installation. Scott stated the outfield venues and landscaping improvements deadline is June 1st D. PERSONNEL COMMITTEE: Commissioner Janssen reported he and Scott met to discuss the President/CEO annual evaluation process and reviewed the steps. Commissioner Janssen stated the President/CEO position has expanded quite a bit since the creation of this contract and noted the Committee will update the contract to include all entities. E. STRATEGIC PLANNING COMMITTEE: No report. F. STAFF REPORTS—VICE PRESIDENTS/STAFF: 1. Paul Ntoko: Paul reported a successful weekend with ShutoCon in the building. *Commissioner Janssen exited the meeting at 9:04 a.m. 2. Heidi Brown: Heidi stated she is working on healthcare benefits renewals. VII. COMMISSIONER & STAFF COMMENTS: A. Chairman Barron: Chairman Barron stated he emceed the Bunny Hop event that took place over the weekend and noted it was a fantastic event and had a lot of fun. VIII. OLD BUSINESS: None. IX. NEW BUSINESS: None. X. ADJOURNMENT: At 9:04 a.m. the meeting was adjourned. THE NEXT MONTHLY MEETING IS SCHEDULED FOR: APRIL 28, 2015 GREATER LANSING CONVENTION & VISITORS BUREAU 500 E. MICHIGAN AVE., SUITE 180, LANSING, MI 48912 Respectfully Submitted, Shelly Busse, Recording Secretary LANSING ENTERTAINMENT & PUBLIC FACILITIES AUTHORITY BOARD OF COMMISSIONERS MEETING APRIL 28, 2015 MINUTES At 8:02 a.m., Chairman Tim Barron, called the meeting to order in the Conference Room of the Greater Lansing Convention&Visitors Bureau, located at 500 E. Michigan Ave., Suite 180, Lansing, MI 48912. COMMISSIONERS PRESENT: Tim Barron, Cindy Bowen, James W. Butler 11I, Charles Janssen, Tim Kaltenbach, Charles Mickens and Charlotte Sinadinos. COMMISSIONERS EXCUSED: Angela Bennett(Ex-Officio), Jim DeLine (Ex-Officio), Robert Johnson(Ex-Officio) and Linda Sims-Wright. OTHERS PRESENT: Scott Keith, Paul Ntoko, Tristyn Wright, Heidi Brown, Jennifer McFatridge, Gus Pine, Shelly Busse, —Lansing Entertainment&Public Facilities Authority; Dirk Spillemaeckers —AMTA, Deborah Owen—For Crepe Sake, Patrice Drainville—Waterfront Bar& Grill - Lansing City Market, and Jack Alexander stadium season seat holder). III. ESTABLISHMENT OF THE AGENDA: No changes to the agenda. IV. PUBLIC COMMENT: Jack Alexander stated the improvements at the ballpark are "Triple A Plus"; however, he would like to know why the bleacher seats in the right field were not done as well as the outfield netting. Jack also asked who is responsible for the maintenance of the turf and what plans are in place to address the items not done in the first round of construction. Scott stated he meets soon with the general contractor and owner to discuss items not included in the initial round and review prices for completion of those items. Scott stated we have a turf consultant on retainer that provides professional management for the turf. Deborah Owen—owner of For Crepes' Sake in the Lansing City Market reviewed her and her husband's concerns with regard to rental rate increases established in the new lease. Deborah respectfully requested the Board not allow any increases to go into effect until there is a healthy environment at the City Market; noting there are not enough vendors or foot traffic to justify an increase in rental rates. Deborah stated there are many vendors at the City Market who are also concerned about rental increases. Deborah stated LEPFA needs to address the lack of vendors and foot traffic before any rate increases should occur. Chairman Barron thanked Deborah for her attendance at today's meeting and for discussing her concerns. Chairman Barron stated issues at the City Market are being addressed and the Board will discuss as well. *Commissioner Bowen entered the meeting at 8:100 a.m. Scott reported rental rate increases will fluctuate based upon the type and size of business at the City Market and reviewed the 9/3 payment program. Patrice Drainville of the Waterfront Bar& Grill stated she has been meeting with Gus Pine and Tristyn Wright regarding the increases with the new leases. Patrice stated she and the owner LEPFA Board of Commissioners Meeting Page 2 April 28, 2015 are worried about the lack of parking and how patrons will frequent the City Market without enough parking spaces. Chairman Barron asked Patrice what the standing is for their liquor license. Patrice stated the liquor license is in good standing; a fine was levied against the Waterfront, but has been paid. Scott discussed the use of parking validation coupons and how to obtain them; noting that since construction of the Marketplace Apartments is complete, the parking is back to normal; further noting an additional 6 spaces have been acquired. Scott stated the new lease for each vendor may also includes a parking space. Commissioner Kaltenbach asked Scott if he has considered delaying the rate increase until traffic at the City Market increases. Scott stated he did consider it; however, this year will possibly see another financial loss at the City Market and if we do not increase rates andef occupancy, the City Market will have further financial'i.ssuesh-nk-«pt. V. APPROVAL OF THE MINUTES FOR MARCH 24, 2015: Chairman Barron asked for a motion to approve the minutes from the March 24, 2015 meeting. Motion: Commissioner Sinadinos Support: Commissioner Bowen Motion unanimously carried. VI. REPORTS: A. CHAIRMAN'S REPORT: No report. B. SECRETARY/TREASURER'S REPORT: Jennifer McFatridge, Vice-President of Finance, reported financial information for month-ending March 2015: 1. March 2015 Financial Information: a. Lansing City Market: Total Operating Revenue year-to-date is $81,794 compared to the prior year's amount of$88,801. Total Expenses year-to-date is $139,161 compared to the prior year's amount of$150,994. Excess Revenues over Expenses year-to-date is a loss of($18,991) compared to last year's loss amount of($26,604). Balance Sheet: Total Cash is $61,862 compared to last year's amount of$67,346. Total Current Assets is $74,728 compared to last year's amount of$86,037. Accounts Receivable is $10,883 compared to last year's amount of$15,645. Accounts Payable is $42,825 compared to the prior year's amount of$22,293. Unreserved Equity is $26,074 compared to the prior year's amount of$49,049. Budget vs. Actual: Total Operating Revenue is behind budget by ($20,548). Total Operating Expenses is ahead of budget by $3,299. Excess Revenues over Expenses year-to-date is behind budget by ($17,249). b. Cooley Stadium: Total Operating Revenue year-to-date is $4,928 compared to last LEPFA Board of Commissioners Meeting Page 3 April 28, 2015 year's amount of$1,676. Total Expenses year-to-date is $232,984 compared to the prior year's amount of$222,379. Excess Revenues over Expenses is a loss of($2,186) compared to last year's amount of($2,451). Balance Sheet: Total Cash is $50,556 compared to last year's amount of $241,034. Accounts Receivable is $148,132 compared to last year's amount of $25,018. Total Assets are $292,950 compared to the prior year's amount of$359,062. Unreserved Equity year-to-date is $96,922 compared to the prior year's amount of $99,987. Budget vs. Actual: Total Operating Revenue year-to-date is $1,401 ahead of budget. Total Expenses are ahead of budget by $1,367. Excess Revenues over Expenses are $2,768 ahead of budget. c. LansinIZ Center: Total Operating Revenue year-to-date is $4,424,496 compared to the prior year's amount of$3,941,135. Total Expenses year-to-date is $5,051,210 compared to the prior year's amount of$4,608,935. Excess Revenue over Expenses is $195,946 compared to the prior year's amount of$135,492. Balance Sheet: Total Cash is $70,643 compared to last year's amount of$94,258. Accounts Receivable is $494,180 compared to the prior year's amount of$570,402. Accounts Payable is $207,929 compared to last year's amount of$246,941. Unearned Revenue/Advance Rent is $359,390 compared to the prior year's amount of $422,562. Unreserved Equity year-to-date is $796,229 compared to the prior year's amount of$511,402. Budget vs. Actual: Total Operating Revenue is ahead of budget by $1,007,914. Total Expenses are over budget by ($670,079). Excess Revenue over Expenses is ahead of budget by $358,703. Secretary/Treasurer Tim Kaltenbach asked for a motion for the March 2015 financials for the Lansing City Market, Cooley Law School Stadium and the Lansing Center be received as published and further that the monthly expenses for each entity be accepted. MOTION: Commissioner Mickens SUPPORT: Commissioner Janssen Motion unanimously carried. Jennifer reported she will set-up write-offs for doubtful Accounts Receivables, as per Auditor instruction. Jennifer reviewed the list of doubtful accounts by property and noted these are accounts we will never collect on. Chairman Barron asked if the doubtful accounts were attempted to be recovered by City collections. Jennifer stated none of these accounts were collectible by the City. Scott stated an outside collections agency maywi44 be hired to handle all future collection LEPFA Board of Commissioners Meeting Page 4 April 28, 2015 issues. Commissioner Butler asked why it took 7 years to write-off these debts. Jennifer stated based upon auditor recommendation, these bad debts should have been written off a long time ago and, unfortunately, the recommendation was not adhered to by the previousfemier Finance administration. Commissioner Bowen asked if any lessons were learned and have new polices/procedures been implemented. Jennifer stated that moving forward, we will pursue payment in advance for all new clients. Scott stated any new public events will have to fill out an application and go through a reference check as�e� booking policy. C. PRESIDENT & CEO REPORT: Scott Keith, President& CEO, reported the following: 1. Casino Resolution: Scott distributed a copy of the Casino Resolution for everyone to review. Scott stated it was requested of our Board (by the PR agency for the Sault Tribe), along with the Lansing Regional Chamber of Commerce, Greater Lansing Convention& Visitors Bureau and LEAP,to provide a Resolution of support for the casino. Scott stated he was also asked to write a letter to the Editor expressing his support for the casino. Chairman Barron referenced the "comp" section of the Resolution; noting this is a very important piece for local businesses. Chairman Barron asked if the additional 2,900 parking spaces will be casino specific or open to the City as well. Scott stated the parking spaces will be open-to the City as well. A motion was made to support the Kewadin Lansing Casino Resolution. MOTION: Commissioner Kaltenbach SECOND: Commissioner Butler ABSTAIN: Commissioner Bowen 2. Common Ground: A letter has been provided to the County Commissioners asking for their support. Friday night acts will be announced today and the Saturday night schedule is in progress. 3. Stadium: Construction for the project is on schedule; the weather has allowed for timely completion. 4. Updates: A Healthcare Benefits meeting for all LEPFA Staff will be held next Wednesday to discuss the many changes to our plan due to government standards. The Mackinac Conference is upcoming and Chairman Barron has been invited to attend. The joint LPEFA/CVB Luncheon went well; three items of concern for most Board members are parking, additional hotels and a funding mechanism for the Lansing Center. More downtown amenities was also high on the list. LEPFA has one Board member who volunteered to be on the ad hoc committee. The LRCC event featuring Magic Johnson is this Thursday; LEPFA has a table and if anyone is interested in attending,please contact Scott. Commissioner Butler stated he would like to attend. LEPFA Board of Commissioners Meeting Page 5 April 28, 2015 "Jazz on the Grand" is bein Chas-bee► finalized and a press conference for the event will be held in mid to late May or early June once details ase completed. Scott reviewed how the event will operate and stated work has begun on sponsorships and entertainment for the events. 5. City Market: Scott reported on the potential to have an Outdoor Seasonalt-reet Market night that would be scheduled opposite of other local nightly market locations. Scott stated Gillespie Group has asked LEPFA to work on a food truck day that would only operate on Mondays, when the City Market is closed. The City Market survey has been completed and Scott reviewed who was surveyed and where they live/work. Scott stated the survey is in draft form until it is finalized. Scott stated the purpose for doing this survey is to help identify how to increase traffic and recruit vendors. The survey results indicate that those surveyed still view the City Market as a"farmer's market", lack of parking, the perception of declining business and relationships with vendors and management all were viewed as issues for the City Market. Scott stated a new business plan will be implementedeemplete inby June 1-4 and the plan will include steps to improve the issues identified in the survey. Scott reviewed some initial plans to improve business at the Market. Commissioner Janssen asked if City Council has a member of Council assigned to the City Market. Scott stated there is no Council representation for the City Market; Tina Houghton is the Council representation for LEPFA. Commissioner Butler asked about operating hours and the possibility of staying open until 8:00 p.m. or 9:00 p.m.; noting other markets may be open later than 6:00 p.m. Scott stated operating hours depend upon the region, but most vendors can Piek and choose their hours of operation and stgy open later or open earlier. D. PERSONNEL COMMITTEE: Commissioner Janssen stated there will be a short meeting at the conclusion of this board meeting. E. STRATEGIC PLANNING COMMITTEE: No report. F. STAFF REPORTS—VICE PRESIDENTS/STAFF: 1. Gus Pine: Gus reported on the MSAE Or Pro event scheduled for June 10— 12; noting this is a very event. LEPFA will sponsor their opening breakfast and the CVB will sponsor their lunch. Gus stated he is in the process of conducting a convention center survey; working to understand what is happening in the industry. The focus this year is on sponsorship for the building. The next Client Advisory Board meeting is scheduled for May 20'h and the topic is the Ad Hoc Committee. 2. Heidi Brown: Heidi reported the Healthcare Committee is meeting regularly to review the upcoming renewal process; noting our program will go to the "Metal Tier" system. Heidi reported there will be a LEPFA U Spring Graduation for all Staff who have attended the sessions. Heidi reported LEPFA Team has joined the "Lansing Loses a Million" campaign. LEPFA Board of Commissioners Meeting Page 6 April 28, 2015 VII. COMMISSIONER & STAFF COMMENTS: A. Commissioner Janssen: Commissioner Janssen volunteered to be a part of the Ad Hoc Committee. Commissioner Janssen stated he appreciates the City Market vendors attending today's meeting and voicing their concerns. Commissioner Janssen asked if there is any cross promotion for the City Market at the Lansing Center. Scott stated there are City Market ads in the restrooms, a banner at the North staircase, an advertisement runs on the TV monitors throughout the building and recently, menu racks were installed at three locations in the Lansing Center to hold vendor menus. B. Commissioner Sinadinos: Commissioner Sinadinos thanked Scott and the Board for the beautiful flowers that were sent to the Knight Cap on the last day of business. Commissioner Sinadinos announced that at the end of this fiscal year, she will step down from the LEPFA Board of Commissioners. She stated this has been a wonderful experience and has enjoyed working with all of the Board members and the LEPFA Staff. Commissioner Sinadinos thanked the Mayor for the opportunity to serve this Board. Scott stated there will be a thank you event planned to honor Commissioner Sinadinos. C. Commissioner Butler: Commissioner Butler commended the Lansing Center Staff for the service received during the MSHDA event; noting the food and service have been wonderful and there have been no glitches. Commissioner Butler stated he is happy to hear that LEPFA has chosen PHP as their insurance provider. VIII. OLD BUSINESS: A. Approval of the February 24, 2015 meeting minutes: MOTION: Commissioner Janssen SUPPORT: Commissioner Butler Motion unanimously carried. B. Accept February 2015 Financials as published: MOTION: Commissioner Janssen SUPPORT: Commissioner Sinadinos Motion unanimously carried. IX. NEW BUSINESS: None. X. ADJOURNMENT: At 9:29 a.m. the meeting was adjourned. THE NEXT MONTHLY MEETING IS SCHEDULED FOR: MAY 199 2015 GOVERNOR's ROOM— LANSING CENTER Respectfully Submitted, Shelly Busse, Recording Secretary LANSING ENTERTAINMENT & PUBLIC FACILITIES AUTHORITY BOARD OF COMMISSIONERS MEETING MAY 19, 2015 MINUTES At 8:03 a.m., Chairman Tim Barron, called the meeting to order in the Governor's Room of the Lansing Center, located at 333 E. Michigan Ave., Lansing, MI 48933. COMMISSIONERS PRESENT: Tim Barron, Cindy Bowen, James W. Butler III, Charles JSVsen, Robert Johnson (Ex-Officio), Tim Kaltenbach, Charles Mickens and Charlotte Sinadinos. c-2 COMMISSIONERS EXCUSED: Angela Bennett (Ex-Officio), Jim DeLine (Ex-Officioo) a4. Linda Sims-Wright. FI OTHERS PRESENT: Scott Keith, Paul Ntoko, Tristyn Wright, Heidi Brown, Jennifer Nf-cFatridge; Gus Pine, Shelly Busse—Lansing Entertainment&Public Facilities Authority; Dirk Spillaaeckers— AMTA. III. ESTABLISHMENT OF THE AGENDA: No changes to the agenda. IV. PUBLIC COMMENT: None. V. APPROVAL OF THE MINUTES FOR APRIL 28,2015: Chairman Barron asked for a motion to approve the minutes from the April 28, 2015 meeting. MOTION: Commissioner Mickens SUPPORT: Commissioner Janssen Motion unanimously carried. VI. REPORTS: A. CHAIRMAN'S REPORT: Chairman Barron reported he has attended committee meetings; reports are well. Chairman Barron stated the ball park is progressing and the City Market is a concern within the community; noting the perception is we are "weeding" out vendors so the Market will be empty, this is not accurate as we are working on the business plans and advancement of the Market in developing capacities. B. SECRETARY/TREASURER'S REPORT: Jennifer McFatridge, Vice-President of Finance, reported financial information for month-ending April 2015: 1. April 2015 Financial Information: a. Lansing City Market: Total Operating Revenue year-to-date is $91,858 compared to the prior year's amount of$97,035. Total Expenses year-to-date is $156,901 compared to the prior year's amount of$165,650. Excess Revenues over Expenses year-to-date is a loss of($21,618) compared to last year's loss amount of($28,455). Balance Sheet: Total Cash is $62,138 compared to last year's amount of$76,072. Total Current Assets is $89,065 compared to last year's amount of$96,318. Accounts LEPFA Board of Commissioners Meeting Page 2 May 19, 2015 Receivable is $25,344 compared to last year's amount of$17,501. Accounts Payable is $48,897 compared to the prior year's amount of$38,341. Unreserved Equity is $23,448 compared to the prior year's amount of$47,197. Budget vs. Actual: Total Operating Revenue is behind budget by ($21,520). Total Operating Expenses is ahead of budget by $44. Excess Revenues over Expenses year-to-date is behind budget by ($21,475). b. Cooley Stadium: Total Operating Revenue year-to-date is $4,928 compared to last year's amount of$5,975. Total Expenses year-to-date is $270,575 compared to the prior year's amount of$255,284. Excess Revenues over Expenses is a loss of($11,505) compared to last year's amount of$1,821. Balance Sheet: Total Cash is $138,066 compared to last year's amount of $248,584. Total Assets are $4,461,988 compared to the prior year's amount of $344,337. Unreserved Equity year-to-date is $86,877 compared to the prior year's amount of$102,343. Budget vs. Actual: Total Operating Revenue year-to-date is $1,307 ahead of budget. Total Expenses are behind budget by ($5,832). Excess Revenues over Expenses are behind budget by ($4,526). c. Lansing Center: Total Operating Revenue year-to-date is $5,206,197compared to the prior year's amount of$4,669,491. Total Expenses year-to-date is $5,728,296 compared to the prior year's amount of$5,218,976. Excess Revenue over Expenses is $373,236 compared to the prior year's amount of$328,833. Balance Sheet: Total Cash is $62,947 compared to last year's amount of$83,351. Accounts Receivable is $767,324 compared to the prior year's amount of$695,209. Accounts Payable is $238,808 compared to last year's amount of$210,244. Unearned Revenue/Advance Rent is $322,864 compared to the prior year's amount of $400,317. Unreserved Equity year-to-date is $990,621 compared to the prior year's amount of$713,706. Budget vs. Actual: Total Operating Revenue is ahead of budget by $1,260,305. Total Expenses are over budget by ($825,610). Excess Revenue over Expenses is ahead of budget by $455,290. Secretary/Treasurer Tim Kaltenbach moved to accept the April 2015 financials for the Lansing City Market, Cooley Law School Stadium and the Lansing Center be received as published and further that the monthly expenses for each entity be accepted. LEPFA Board of Commissioners Meeting Page 3 May 19, 2015 MOTION: Commissioner Kaltenbach SUPPORT: Commissioner Mickens Motion unanimously carried. Commissioner Bowen asked Jennifer to explain why the Professional Services/Events line has an increase. Scott and Jennifer explained when we moved to using vendor agreements, a lot of revenue moved to that category since we no longer provide certain services to the client. Scott stated we are investing in the building and IT infrastructure; noting the entire building will be mapped (which is necessary for future improvements to the network). Scott reviewed each property's budget to date and noted the following: City Market: Expenses are on budget; however, Revenue is below budget for the current period versus current period last year. Gus and Jennifer are reviewing the new rental rates. Cooley Stadium: Over budget in Maintenance of Facilities, major project underway as we continue to work on other improvements at the same time as construction and renovations. There is a$17,000 HVAC repair that needs to be completed. Scott noted he does not anticipate making budget at the ball park. LansingCenter: Scott reviewed spending for projects underway at the Lansing Center; including repairs to limestone damage at the front of the building. Insurance is covering this repair (but only at$30 a month) and it is a$10,000 repair that needs to be completed. Investments in training of staff, sales and marketing, and signage are also planned. C. PRESIDENT & CEO REPORT: Scott Keith, President& CEO, reported the following: 1. Open Meetings Act: Shelly and Heidi are reviewing updates to this Act and will make appropriate changes. Heidi is working with our attorney on FOIA updates. 2. City Pulse: An article regarding the City Market was in the recent issue and addressed the survey results. The article was neutral and speaking with Mickey Hirten, he appears to be supportive of LEPFA's efforts with regard to the direction of the Market. 3. Chili Cook-Off: Friday, June 51h; 2000 tickets have been sold to date. A new agreement with more people involved is better for LEPFA, BWL and its charities. Chairman Barron noted he is involved on the BWL Chili Cook-Off through an affiliation with community relations with the BWL and will host the event for the next 3 years. 4. Jazz on the Grand: Work is being done to secure artists for the July date. The Lansing School District (and others) will supply youth jazz bands to open for artists. Scott reviewed the scheduled dates and list of performers for each date. 5. Ad Hoc Committee: Scott and Jack met to discuss the results of the joint Board responses and an email with the responses was also sent to Board members. The first Ad Hoc meeting will be held in mid-summer. LEPFA Board of Commissioners Meeting Page 4 May 19, 2015 6. City Market Manager: recruiting tactics will be utilized to search for the right hire for this position; working diligently on a replacement. 7. Common Ground: Most artists have been announced, tickets sales are up 10% over last year at this time, Sponsorships are up 15% - 20% over last year. Scott reviewed the line- up and Sky Lounge availability. Scott discussed an article written by John Addis in the Lansing State Journal regarding Common Ground and the subsequent phone conversation he had with the writer. D. PERSONNEL COMMITTEE: Commissioner Janssen reported the Committee will meet After today's Board meeting and the focus will be on the CEO's annual review. The Evaluation form will be sent to all Board members next week and the Committee would like Everyone's input. The Committee will meet again in June to share the results. E. STRATEGIC PLANNING COMMITTEE: Commissioner Mickens reported the Committee will meet this Thursday. F. STAFF REPORTS—VICE PRESIDENTS/STAFF: 1. Gus Pine: The Marketing Team will host a Ribbon Cutting Ceremony for Mama C's and Iorio's Gelato at the City Market tomorrow at 3:30 p.m. A Client Advisory Board meeting is scheduled for tomorrow at the Lansing Center; signage And a VIP Client recognition program will be the topics of discussion. Gus reviewed the WordPro event scheduled for June; noting the Mayor will kick-off a LEPFA hosted breakfast. 2. Tristyn Wright: Tristyn reported work is in progress to change out the City Market signage And the Pepsi marquee sign. 3. Paul Ntoko: Paul stated the months of April and May will be strong; due to group shifts Between the two months. 4. Heidi Brown: Heidi reported on the staff benefits meeting held recently; noting the renewal Date is June 1 st. Work is in progress with PHP on an Employee Wellness plan. Working with our attorneys on FOIA updates and employee manual updates and job Descriptions. G. NOMINATING COMMITTEE: Commissioner Kaltenbach reported the Committee Will meet next Tuesday at 3:30 p.m.; noting Commissioners Sinadinos, Janssen and Butler Will serve on the Committee. VII. COMMISSIONER & STAFF COMMENTS: A. Scott Keith: Scott stated tickets for the Bea Christy event are available and anyone interested in attending, please let him know. VIII. OLD BUSINESS: None. IX. NEW BUSINESS: None. LEPFA Board of Commissioners Meeting Page 5 May 19, 2015 X. ADJOURNMENT: At 9:18 a.m. the meeting was adjourned. THE NEXT MONTHLY MEETING IS SCHEDULED FOR: JUNE 239 2015 "THE VIEW" - COOLEY LAW SCHOOL STADIUM 505 E. MICHIGAN AVE., LANSING, MI 48912 Respectfully Submitted, Shelly Busse, Recording Secretary LANSING ENTERTAINMENT & PUBLIC FACILITIES AUTHORITY BOARD OF COMMISSIONERS MEETING JUNE 23,2015 MINUTES At 8:04 a.m., Chairman Tim Barron, called the meeting to order inside"The View" of Cooley Law School Stadium, located at 505 E. Michigan Ave., Lansing, MI 48912. COMMISSIONERS PRESENT: Tim Barron, Angela Bennett(Ex-Officio), Cindy Bowen, James W. Butler III, Tim Kaltenbach, Linda Sims-Wright and Charlotte Sinadinos. r- COMMISSIONERS EXCUSED: Jim DeLine (Ex-Officio), Charles Janssen, Robert Johnson (Ex-Officio) and Charles Mickens. , ^J OTHERS PRESENT: Scott Keith, Paul Ntoko, Tristyn Wright, Heidi Brown, Jennifer McFQidga4 C-) Gus Pine, Shelly Busse—Lansing Entertainment&Public Facilities Authority and Jack Alex'anderz.7 III. ESTABLISHMENT OF THE AGENDA: Chairman Barron stated the Personnel Comr ifttee�� report will be moved to the end of the agenda because the Committee will review the President/CEO Annual Review in a closed session. IV. PUBLIC COMMENT: Jack Alexander stated he has concerns about the sinks in the men's restrooms not working,the dugout area has not been addressed,there is a leak in row ten, some light towers work; some don't, the wall in right field needs to be painted, right field bleacher seats need to be replaced. Jack stated an additional 1.5 million dollars will be needed to address these concerns. Jack asked if there are plans to fix these areas and if so, when. Chairman Barron thanked Jack for his comments and stated he appreciates his concern; noting this project is a lot of work and many are working hard to make this a great finished product. Scott reported the team is reviewing the top priority items with the City. Scott stated the field is the top priority and that is what will be done along with drainage work for the field. V. APPROVAL OF THE MINUTES FOR MAY 19,2015: Chairman Barron asked for a motion to approve the minutes from the May 19, 2015 meeting. MOTION: Commissioner Bowen SUPPORT: Commissioner Butler Motion unanimously carried. VI. REPORTS: A. CHAIRMAN'S REPORT: Chairman Barron stated he is very pleased and excited with the ball park project progress. B. SECRETARY/TREASURER'S REPORT: Jennifer McFatridge, Vice-President of Finance, reported financial information for month-ending May 2015: 1. May 2015 Financial Information: LEPFA Board of Commissioners Meeting Page 2 June 23, 2015 a. Lansing City Market: Total Operating Revenue year-to-date is $101.670 compared to the prior year's amount of$109,214. Total Expenses year-to-date is $177,154 compared to the prior year's amount of$180,582. Excess Revenues over Expenses year-to-date is a loss of($27,011) compared to last year's loss amount of($26,640). Balance Sheet: Total Cash is $58,967 compared to last year's amount of$58,588. Total Current Assets is $85,742 compared to last year's amount of$75,345. Accounts Receivable is $26,507 compared to last year's amount of$14,678. Accounts Payable is $55,701 compared to the prior year's amount of$23,588. Unreserved Equity is $18,055 compared to the prior year's amount of$49,013. Budget vs. Actual: Total Operating Revenue is behind budget by ($23,298). Total Operating Expenses is behind budget by ($4,229). Excess Revenues over Expenses year-to-date is behind budget by ($27,528). b. Cooley Stadium: Total Operating Revenue year-to-date is $5,297 compared to last year's amount of$6,476. Total Expenses year-to-date is $302,257 compared to the prior year's amount of$288,727. Excess Revenues over Expenses is a loss of($14,544) compared to last year's loss amount of($3,145). Balance Sheet: Total Cash is $214,803 compared to last year's amount of $214,590. Total Assets are $2,281,741 compared to the prior year's amount of $312,861. Accounts Receivable year-to-date is $1,974,302 compared to the prior year's amount of$2,064. Unreserved Equity year-to-date is $86,594 compared to the prior year's amount of$99,804. Budget vs. Actual: Total Operating Revenue year-to-date is $1,184 ahead of budget. Total Expenses are behind budget by ($12,000). Excess Revenues over Expenses are behind budget by ($10,816). c. Lansing Center: Total Operating Revenue year-to-date is $5,797,143 compared to the prior year's amount of$5,109,944. Total Expenses year-to-date is $6,353,953 compared to the prior year's amount of$5,745,795. Excess Revenue over Expenses is $430,558 compared to the prior year's amount of$333,936. Balance Sheet: Total Cash is $59,846 compared to last year's amount of$77,858. Accounts Receivable is $778,935 compared to the prior year's amount of$581,318. Accounts Payable is $199,312 compared to last year's amount of$193,625. Unearned Revenue/Advance Rent is $323,813 compared to the prior year's amount of $399,059. Unreserved Equity year-to-date is $1,054,313 compared to the prior year's amount of$731,858. Budget vs. Actual: Total Operating Revenue is ahead of budget by $1,338,499. Total LEPFA Board of Commissioners Meeting Page 3 June 23, 2015 Expenses are over budget by ($935,500). Excess Revenue over Expenses is ahead of budget by $438,228. Secretary/Treasurer Tim Kaltenbach moved to accept the May 2015 financials for the Lansing City Market, Cooley Law School Stadium and the Lansing Center be received as published and further that the monthly expenses for each entity be accepted. MOTION: Commissioner Kaltenbach SUPPORT: Commissioner Sinadinos Motion unanimously carried. 2. Fiscal Year 2015-2016 Budtet: Secretary/Treasurer Kaltenbach moved the 2015-2016 Fiscal Year budget be accepted. SUPPORT: Commissioner Sinadinos Motion unanimously carried. C. PRESIDENT & CEO REPORT: Scott Keith, President& CEO, reported the following: 1. Welcome: Scott welcomed everyone to "The View" and noted the space is still under construction, but being utilized. Scott sated carpet, walls, ceiling tiles and (eventually) a viewing system will be in place soon. Commissioner Sims-Wright asked if the project is still on track. Scott stated the project is on track; noting a few small tasks need to be completed. 2. Common Ground: Scott reported comp tickets have been reduced for everyone; asking that people interested in tickets purchase them. Scott stated he has been meeting with Ingham County Commissioners in order to obtain a sponsorship. Ticket sales are ahead of the last 2 years' sales by more than 10%. Scott sated he has a discount code for tickets if anyone is interested in purchasing additional tickets. 3. Jazz on the Grand: Scott stated an announcement was made last week and sponsorship interest peaked as a result of the announcement. Scott reviewed the performers and schedule of events. Scott stated we have encouraged the City Market vendors to stay open late on these performance nights. 4. Honeywell Conference Note: Scott reported on the Honeywell conference and discussed a speaker who highlighted Lansing as a city that is "anticipatory and forward thinking." 5. FOIA Policy: Scott reported City Council updated and approved the FOIA policy and LEPFA will do the same. 6. Bonus Approval: Scott stated the Finance Committee approved an increase based on the LEPFA bonus program policy for employees eligible. 7. Outgoing Board Member Recognition: Scott recognized Commissioner Sinadinos for her many years of service to the LEPFA Board and reviewed both her professional and personal accomplishments. Chairman Barron presented Commissioner Sinadinos with a Plaque of recognition. 8. City Pulse: Scott stated the City Pulse reported on the Jazz on the Grand series and also ran an article regarding the City Market. Scott noted the City Market article was good and LEPFA Board of Commissioners Meeting Page 4 June 23, 2015 the City Pulse seems to be supporting our efforts. D. STRATEGIC PLANNING COMMITTEE: Scott reported he is meeting with Carl walker and Associates regarding downtown parking. Scott stated the Ad Hoc Committee is set to meet on July 29th. Plans for a Lansing Center facility audit and auditor search will begin in this fall. E. NOMINATING COMMITTEE: Commissioner Kaltenbach reported the Committee met on May 26t to discuss the 2015 —2016 LEPFA Board officers. Chairman Barron will continue as Chair; noting the Vice-President typically assumes the Chair position and the fact that Vice-Chair Sims-Wright has time constraints, it is best that Chairman Barron remain as Chair. Commissioner Kaltenbach will assume the Vice-Chair position and Commissioner Butler will serve as Secretary/Treasurer. A motion to accept the 2015 —2016 Board Officers was made. MOTION: Commissioner Sinadinos SUPPORT: Commissioner Butler Motion unanimously carried. F. STAFF REPORTS—VICE PRESIDENTS/STAFF: 1. Tristyn Wright: Tristyn reported on the river walk renovations; including the gazebo, planters, new plants and updated landscaping. DK Security has been selected as the new security company for the Lansing Center and will begin work at 12:01 a.m. on July I" Negotiations with AMTA began last week and should not take long. The City Market Manager position closed yesterday; 12 resumes were received and interviews will begin after Common Ground. Tristyn reviewed the City Market capital improvements as well as the Taste of Country concert held at the ball park. 2. Heidi Brown: Heidi thanked the Board for their support of the updated FOIA policy. Heidi stated she is reviewing the application process and Employee Manual. Heidi reviewed all vacant positions. An in-service meeting will be held tomorrow with Sparrow regarding a "Be Well at Work"program. Heidi thanked Commissioner Sinadinos for her years of service. 3. Paul Ntoko: Paul stated the fiscal year will close stronger than initially anticipated; noting the staff has worked hard both inside and outside the building. The Lansing Center received an award from the Great Lansing Food Bank for all the meal donations given to the food bank. 4. Gus Pine: Gus reported on the success of the OrgPro event; noting there was a lot of pressure on Operations and Food&Beverage staff to make everything perfect. Gus stated he will meet with the client on Thursday to discuss and wrap-up the event. Gus stated we received many compliments from our clients and competitors. Gus stated he is finalizing the Marketing plan for the year and will provide a strategy during the August meeting. LEPFA Board of Commissioners Meeting Page 5 June 23, 2015 VII. COMMISSIONER & STAFF COMMENTS: A. Scott Keith: Scott presented the City Market article from the City Pulse to the Commissioners for review. Commissioner Sims-Wright asked if the City Market was filled to capacity yet. Scott stated no; and reviewed what we are looking for in potential vendors. B. Commissioner Kaltenbach: Commissioner Kaltenbach stated the gazebo use is well received. He will miss Commissioner Sinadinos on the Board; noting it was a pleasure to serve alongside her. Commissioner Kaltenbach stated he appreciates why there is a cut in comp tickets for Common Ground and stated he will be happy to take any available Snoop Dog tickets. C. Commissioner Sinadinos: Commissioner Sinadinos thanked Scott for the farewell reception and stated it was very nice. D. Commissioner Butler: Commissioner Butler stated he will miss Commissioner Sinadinos; noting they have served on this Board from the beginning. Commissioner Butler asked Scott to review the Jazz on the Grand series dates. E. Commissioner Sims-Wright: Commissioner Sims-Wright offered her thanks to Commissioner Sinadinos for her dedication and service to the LEPFA Board. At 9:12 am, Commissioner Kaltenbach moved the Board go into a Closed Session to discuss the terms of the President/CEO evaluation. SUPPORT: Commissioner Butler At 9:18 a.m. the meeting resumed in an Open Session. A motion was made to accept the recommendations of the Personnel Committee regarding the President/CEO contract. MOTION: Commissioner Kaltenbach SUPPORT: Commissioner Butler Motion unanimously carried. Scott thanked everyone for their support of him and the staff; noting their confidence is appreciated. Scott stated we have accomplished a lot as a team and believes the progress at the ball park and the City Market are turning points for both properties. VIII. OLD BUSINESS: None. IX. NEW BUSINESS: None. X. ADJOURNMENT: At 9:23 a.m. the meeting was adjourned. THE NEXT MONTHLY MEETING IS SCHEDULED FOR: AUGUST 25, 2015 BANQUET ROOM 8 —LANSING CENTER Respectfully Submitted, Shelly Busse, Recording Secretary LANSING ENTERTAINMENT & PUBLIC FACILITIES AUTHORITY BOARD OF COMMISSIONERS MEETING AUGUST 25,2015 MINUTES At 8:06 a.m., Chairman Tim Barron, called the meeting to order in Banquet Room 8 of the Lansing Center, located at 333 E. Michigan Ave., Lansing, MI 48933. COMMISSIONERS PRESENT: Tim Barron, Angela Bennett(Ex-Officio), Cindy Bowen;,James W. Butler III, Jim DeLine (Ex-Officio),Price Dobernick, Robert Johnson (Ex-Officio), rjr i CD Kaltenbach and Linda Sims-Wright. `:� rrj COMMISSIONERS EXCUSED: Charles Janssen and Charles Mickens. 171 OTHERS PRESENT: Scott Keith, Paul Ntoko, Tristyn Wright,Heidi Brown, Jennifer McFatrid Gus Pine, Shelly Busse, Audrey Tipper—Lansing Entertainment&Public Facilities Autfjorit� ir c" Spillemaeckers—AMTA and Jack Alexander. - r c:) III. ESTABLISHMENT OF THE AGENDA: No changes to the agenda. IV. PUBLIC COMMENT: Jack Alexander stated the City has "failed the Lugnuts" with regard to the light towers, restrooms and seating. Jack stated he called Scott on 7/15/15 and Scott has not returned his call; noting Scott has also failed the Lugnuts. Jack stated by waiting to take care of these items, the cost will continue to increase; noting that in his opinion, "the estimated cost is $3.5 million dollars in missed improvements." Chairman Barron thanked Jack for his comments and noted LEPFA will continue to include him in communications regarding the ballpark. Chairman Barron asked Jack if the improvements made are improvements he does like. Jack stated, yes,he does; however, he is still disappointed. V. APPROVAL OF THE MINUTES FOR JUNE 23,2015: Chairman Barron asked for a motion to approve the minutes from the June 23, 2015 meeting. MOTION: Commissioner Bowen SUPPORT: Commissioner Butler Motion unanimously carried. VI. REPORTS: A. CHAIRMAN'S REPORT: Chairman Barron thanked everyone for sending cards, flowers, fruit baskets during his illness; and stated he appreciates everyone's well wishes. B. SECRETARY/TREASURER'S REPORT: Jennifer McFatridge, Vice-President of Finance, reported financial information for fiscal year-end '14-'15 and month-end July 2015: 1. Fiscal Year-End Financial Information: a. Lansing City Market: Total Operating Revenue year-to-date is $108, 210 compared to the prior year's amount of$115,449. Total Expenses year-to-date is $193,451 compared to the prior year's amount of$195,337. Excess Revenues over Expenses LEPFA Board of Commissioners Meeting Page 2 August 25, 2015 year-to-date is a loss of($31,718) compared to last year's loss amount of($30,589). Balance Sheet: Total Cash is $52,676 compared to last year's amount of$78,610. Total Current Assets is $87,962 compared to last year's amount of$87,020. Accounts Payable is $68,721 compared to the prior year's amount of$30,470. Unreserved Equity is $13,348 compared to the prior year's amount of$45,064. Budget vs. Actual: Total Operating Revenue is behind budget by ($28,370). Total Operating Expenses is behind budget by ($3,348). Excess Revenues over Expenses year-to-date is behind budget by ($31,718). b. Cooley Stadium: Total Operating Revenue year-to-date is $5,847 compared to last year's amount of$6,986. Total Expenses year-to-date is $330,191 compared to the prior year's amount of$315,477. Excess Revenues over Expenses is a loss of($13,657) compared to last year's loss amount of($1,408)*. *Commissioner Butler asked why there is a loss for the year. Jennifer explained during construction at the ball park it was discovered there was an HVAC issue that had to be repaired. The construction crew on-site made the repair; however, LEPFA absorbed the cost of the repair since it was not construction related. Balance Sheet: Total Cash is $175,435 compared to last year's amount of $78,294. Total Assets are $3,652,516 compared to the prior year's amount of $210,830. Account Receivable is $3,388,763 compared to the prior year's amount of $42,378. Unreserved Equity year-to-date is $84,736 compared to the prior year's amount of$95,578**. **Jennifer stated typically operational expenses are not billed to the City. Budget vs. Actual: Total Operating Revenue year-to-date is $847 ahead of budget. Total Expenses are behind budget by ($14,504). Excess Revenues over Expenses are behind budget by ($13,657). c. Lansing Center: Total Operating Revenue year-to-date is $6,271,992compared to the prior year's amount of$5,409,334. Total Expenses year-to-date is $7,092,845 compared to the prior year's amount of$6,382,981. Excess Revenue over Expenses is $317,757 compared to the prior year's amount of$150,080. Balance Sheet: Total Cash is $36,891 compared to last year's amount of$35,208. Accounts Receivable is $731,864 compared to the prior year's amount of$380,942. Accounts Payable is $309,211 compared to last year's amount of$139,940. Unearned Revenue/Advance Rent is $297,907 compared to the prior year's amount of $473,382. Unreserved Equity year-to-date is $943,295 compared to the prior year's LEPFA Board of Commissioners Meeting Page 3 August 25, 2015 amount of$553,137. Budget vs. Actual: Total Operating Revenue is ahead of budget by $1,510,649. Total Expenses are over budget by ($1,176,200). Excess Revenue over Expenses is ahead of budget by $378,091. Secretary/Treasurer James W. Butler III moved to accept the Fiscal Year-End (2014- 2015) financials (in DRAFT form) for the Lansing City Market, Cooley Law School Stadium and the Lansing Center be received as published and further that the monthly expenses for each entity be accepted. MOTION: Commissioner Butler SUPPORT: Commissioner Bowen Motion unanimously carried. 2. July 2015 Financial Statements: a. Lansing City Market: Total Operating Revenue year-to-date is $8,110 compared to the prior year's amount of$8,846. Total Expenses year-to-date is $18,443 compared to the prior year's amount of$15,693. Excess Revenues over Expenses year- to-date is a loss of($8,317) compared to last year's loss amount of($4,832). Balance Sheet: Total Cash is $76,065 compared to last year's amount of$97,871. Total Current Assets is $116,996 compared to last year's amount of$112,512. Accounts Payable is $86,181 compared to the prior year's amount of$58,254. Unreserved Equity is $5,031 compared to the prior year's amount of$40,234. Budget vs. Actual: Total Operating Revenue is behind budget by ($3,917). Total Operating Expenses is behind budget by ($1,057). Excess Revenues over Expenses year-to-date is behind budget by ($4,974). b. Cooley Stadium: Total Operating Revenue year-to-date is $1,514 compared to last year's amount of$938. Total Expenses year-to-date is $31,116 compared to the prior year's amount of$40,140. Excess Revenues over Expenses is a loss of($13,892) compared to last year's loss amount of($24,911). Balance Sheet: Total Cash is $265,829 compared to last year's amount of $194,835. Total Assets are $1,448,809 compared to the prior year's amount of $311,586. Account Receivable is $1,068,121 compared to the prior year's amount of $7,360. Unreserved Equity year-to-date is $70,812 compared to the prior year's amount of$70,482. Budget vs. Actual: Total Operating Revenue year-to-date is $529 ahead of budget. LEPFA Board of Commissioners Meeting Page 4 August 25, 2015 Total Expenses are behind budget by ($1,411). Excess Revenues over Expenses are behind budget by ($882). c. LansinLr Center: Total Operating Revenue year-to-date is $124,822 compared to the prior year's amount of$359,915. Total Expenses year-to-date is $417,225 compared to the prior year's amount of$531,453. Excess Revenue over Expenses is a loss amount of($241,379) compared to the prior year's loss amount of ($145,004). Balance Sheet: Total Cash is $43,748 compared to last year's amount of$39,826. Accounts Receivable is $545,916 compared to the prior year's amount of$467,841. Accounts Payable is $213,833 compared to last year's amount of$194,073. Unearned Revenue/Advance Rent is $327,134 compared to the prior year's amount of $442,909. Unreserved Equity year-to-date is $701,555 compared to the prior year's amount of$48,13 8. Budget vs. Actual: Total Operating Revenue is behind budget by ($17,512). Total Expenses are over budget by ($6,070). Excess Revenue over Expenses is behind budget by ($23,570). Jennifer noted this year's Lansing Center numbers should not be compared to last year's numbers due to July 2014 being an unbelievable month for the amount of events that took place; this year compares more to a normal July (i.e. July 2013). Commissioner Bowen asked Jennifer to explain the Miscellaneous Revenue for the City Market. Jennifer stated there was a Blue Cross/Blue Shield grant in the form of a gift card that went unclaimed and was applied to that line. Secretary/Treasurer James W. Butler III moved to accept the August 2015 financials for the Lansing City Market, Cooley Law School Stadium and the Lansing Center be received as published and further that the monthly expenses for each entity be accepted. MOTION: Commissioner Butler SUPPORT: Commissioner Kaltenbach Motion unanimously carried. 3. Capital City Liquor License Resolution: Jennifer stated LEPFA will have a beer tent at the Capital City River Run which requires LEPFA to have a temporary liquor license and requires LEPFA Board approval. Secretary/Treasurer James W. Butler III moved that the Board approve a temporary Liquor license for use at the Capital City River Run. LEPFA Board of Commissioners Meeting Page 5 August 25, 2015 MOTION: Commissioner Kaltenbach SUPPORT: Commissioner Dobernick Motion unanimously carried. C. PRESIDENT & CEO REPORT: Scott Keith, President& CEO, distributed a copy of the new City Market Business Plan and a(DRAFT) copy of the Turf Agreement for the ball park and also reported the following: 1. MSU Turf Agreement: Scott stated this agreement is similar to the agreement from 2005 and 1995. Scott reported a specific type of grass (a growth grass only) was added and a bid will go out for a contractor who will remove the old grass and install the new grass. Scott stated this project will take place in September 2016. Commissioner Kaltenbach asked why this is a 3 year contract. Scott stated the contract allows for the contractor to keep this type of grass in stock for our use. Scott asked for a motion to approve the updated Turf Agreement. MOTION: Commissioner Kaltenbach SUPPORT: Price Dobernick 2. City Market Business Plan: Scott stated this is a nice update to the plan and reported we will focus on more artisanal food and urban market feel. Scott stated he will be on the WKAR radio program tomorrow to discuss the City Market. Scott stated"Food Truck Mondays"has been successful so far. This Wednesday is the next"Jazz on the Grand" event; featuring Phil Denny. Scott stated the first"Jazz on the Grand" was a success; with approximately 300 in attendance (making the Vendors very happy). 3. MDOT: Scott reported he is in conversation with MDOT regarding (advertising)the digital signage at the ball park and Lansing Center; noting this is something we have discussed previously with MDOT. Scott stated we only advertise our own events/sponsors on these signs. Scott stated he has also discussed this with the City, since this is City property. 4. Administrative Board Report: Scott reviewed upcoming events at Lansing Center, reviewed August sales numbers and event loss. Scott discussed the Staff Appreciation outing that was held at Hawk Island last week; noting it was well attended and everyone had a great time. Scott reported the Michigan Baseball Hall of Fame inducted 10 players into the Hall of Fame in it's inaugural year. 5. Board Chair Reco nig tion: Scott presented Chairman Barron with a recognition gavel and Lugnuts jersey; stating we appreciate his service to the LEPFA Board of Commissioners and look forward to next year. D. PERSONNEL COMMITTEE: Commissioner Sims-Wright reported the Committee met last Thursday and discussed the near future reorganization as it will relate to personnel. Also discussed were sensitive union employee issues. Scott stated his contract expires this year and would like to address changes to the contract sooner rather than later. Commissioner Butler asked if there is a timeline for the reorganization. Commissioner Sims- LEPFA Board of Commissioners Meeting Page 6 August 25, 2015 Wright stated before December. E. STRATEGIC PLANNING COMMITTEE: Scott reported the Ad Hoc Committee met recently and had a great meeting. Discussions regarding parking and way-finding, along with the identification of short-term and long-term goals was held. Scott stated Shelly is working on a date for the next meeting. F. STAFF REPORTS—VICE PRESIDENTS/STAFF: 1. Tristyn Wright: Tristyn introduced Audrey Tipper as the new City Market manager. Audrey provided background information about herself and stated she is eager to get started. 2. Heidi Brown: Heidi reviewed vacant positions and asked that the Board pass this information along to anyone that may like a referral. Heidi reported Staff Evaluation process has started. 3. Gus Pine: Gus reviewed the PACE Report; noting sales are down 10%to last year. Gus stated last year was a great year; we anticipate this year being down in sales to last year. The Sales department has been aggressive with pricing; however, the reality is this year will be down to last year; but we will meet or exceed this year's budget. 4. Paul Ntoko: Paul stated fiscal year 2015 was a great year and this year's August is starting off very well. VII. COMMISSIONER & STAFF COMMENTS: A. Commissioner Sims-Wright: Stated the Michigan Chicken Wing Festival (a first time event), will take place Labor Day weekend and is in need of judges for the event. There will be live entertainment and is a fun, family-friendly, free event. VIII. OLD BUSINESS: None, IX. NEW BUSINESS: None. X. ADJOURNMENT: At 9:03 a.m. the meeting was adjourned. THE NEXT MONTHLY MEETING IS SCHEDULED FOR: OCTOBER 27, 2015 GOVERNOR'S ROOM - LANSING CENTER Respectfully Submitted, Shelly Busse, Recording Secretary LANSING ENTERTAINMENT & PUBLIC FACILITIES AUTHORITY BOARD OF COMMISSIONERS MEETING SEPTEMBER 22,2015 MINUTES At 8:05 a.m., Chairman Tim Barron, called the meeting to order in the Governor's Room Lansing Center, located at 333 E. Michigan Ave., Lansing, MI 48933. COMMISSIONERS PRESENT: Tim Barron, Cindy Bowen, James W. Butler III, Charles JaH�serl-,;t, Robert Johnson(Ex-Officio), Tim Kaltenbach, Charles Mickens and Linda Sims-Wright. r` _ t n. COMMISSIONERS EXCUSED: Angela Bennett(Ex-Officio), Jim DeLine (Ex-Officioj*nd dice Dobernick. OTHERS PRESENT: Scott Keith, Gus Pine, Jennifer McFatridge, Heidi Brown, Paul Ntoko, Shelly Busse, Ryan Tess—Lansing Entertainment&Public Facilities Authority; Dirk Spillemaeckers— AMTA. III. ESTABLISHMENT OF THE AGENDA: No changes to the agenda. IV. PUBLIC COMMENT: No report. V. APPROVAL OF THE MINUTES FOR AUGUST 25 2015: Chairman Barron asked for a motion to approve the minutes from the August 25, 2015 meeting. MOTION: Commissioner Mickens SUPPORT: Commissioner Sims-Wright Motion unanimously carried. VI. REPORTS: A. CHAIRMAN'S REPORT: No report. B. SECRETARY/TREASURER'S REPORT: Jennifer McFatridge,Vice-President of Finance, reported year-to-date financial information for month ending August 2015. 1. August 2015 Financial Statements: a. Lansing City Market: Total Operating Revenue year-to-date is $15,881 compared to the prior year's amount of$19,388. Total Expenses year-to-date is $33,138 compared to the prior year's amount of$34,087. Excess Revenues over Expenses year-to-date is a loss of($13,225) compared to last year's loss amount of($11,387). Balance Sheet: Total Cash is $61,690 compared to last year's amount of$79,775. Total Current Assets is $85,849 compared to last year's amount of$91,487. Accounts Payable is $62,534 compared to the prior year's amount of$48,265. Unreserved Equity is $123 compared to the prior year's amount of$33,679. Budget vs. Actual: Total Operating Revenue is behind budget by ($8,111). Total LEPFA Board of Commissioners Meeting Page 2 September 22, 2015 Operating Expenses is ahead of budget by $2,475. Excess Revenues over Expenses year-to-date is behind budget by ($5,636). b. Cooley Stadium: Total Operating Revenue year-to-date is $2,418 compared to last year's amount of$2,155. Total Expenses year-to-date is $61,122 compared to the prior year's amount of$66,004. Excess Revenues over Expenses is a loss of($27,282) compared to last year's loss amount of($35,265). Balance Sheet: Total Cash is $155,157 compared to last year's amount of $102,188. Total Assets are $61,775 compared to the prior year's amount of $208,728. Account Receivable is $353,981 compared to the prior year's amount of $1,360. Unreserved Equity year-to-date is $57,390 compared to the prior year's amount of$59,886. Budget vs. Actual: Total Operating Revenue year-to-date is behind budget by ($809). Total Expenses are behind budget by($2,140). Excess Revenues over Expenses are behind budget by ($2,949). c. Lansing Center: Total Operating Revenue year-to-date is $506,662 compared to the prior year's amount of$630,016. Total Expenses year-to-date is $924,406 compared to the prior year's amount of$968,087. Excess Revenue over Expenses is a loss of($309,092) compared to the prior year's loss amount of ($236,903). *Robert Johnson(Ex-Officio)entered the meeting at 8:12 a.m. Balance Sheet: Total Cash is $52,864 compared to last year's amount of$48,061. Accounts Receivable is $413,210 compared to the prior year's amount of$435,757. Accounts Payable is $218,644 compared to last year's amount of$140,405. Unearned Revenue/Advance Rent is $326,890 compared to the prior year's amount of $428,175. Unreserved Equity year-to-date is $635,337 compared to the prior year's amount of$316,965. Budget vs. Actual: Total Operating Revenue is ahead of budget by$120,847. Total Expenses are over budget by ($56,411). Excess Revenue over Expenses is ahead of budget by $71,785. Secretary/Treasurer James W. Butler III moved to accept the August 2015 financials for the Lansing City Market, Cooley Law School Stadium and the Lansing Center be received as published and further that the monthly expenses for each entity be accepted. LEPFA Board of Commissioners Meeting Page 3 September 22, 2015 MOTION: Commissioner Butler SUPPORT: Commissioner Janssen Motion unanimously carried. C. PRESIDENT & CEO REPORT: Scott Keith, President& CEO, reported the following: Tristyn is on vacation this week Ryan Tess, Operations Manager is sitting in if anyone has operational questions. 1. Annual Staff Evaluations: We are in the midst of completing annual evaluations for our staff. 2. Jazz on the Grand: Scott thanked everyone for attending this series; noting it was a great event,have received positive feedback and look forward to next year. 3. CVB/Sports Authority: These two entities have authorized the purchase of foldout bleachers and Lansing Center will be able to utilize the bleachers for fill-in events and enhance current events. The bleachers will be stored with Art Craft and the CVB will manage the usage calendar. 4. How-to-Halloween: This event will take place at Lansing Center next week. This event is growing and has partnered with Jammin' DJ's and other groups. The event focuses on do it yourself activities; there will be a zombie walk downtown and a costume contest. Tickets are available; if anyone would like tickets,please contact Scott or Shelly. 5. Funeral: Scott attended the funeral of firefighter Dennis Rodeman on behalf of the Authority. The service was very impressive and most LEPFA staff stood curbside on Michigan Avenue as the procession made its way through the downtown area. 6. MSU Tailgate: The CVB is sponsoring tailgating at MSU on 9/26/15; everyone is welcome to attend. 7. Common Ground: A recap booklet of this year's event was distributed to everyone and Scott provided an overview of the highlights of the recap. Scott discussed options for next year, in terms of length of event, booking artists that people want to see (and finding the artists that are willing to accept what Lansing is able to offer). A discussion regarding the permanent stage was held; Scott provided an update on the grant information for this project. 8. LEPFA Reorganization: The reorganization of certain LEPFA staff members has begun; a staff management lunch meeting will be held today to discuss the changes. Scott stated we have a strong customer service reputation and this reorganization will enhance this. Potential revenue gains may come of the reorganization because all customer service staff will be on the same page. A request was made for an organization chart for Board members to have. 9. Miscellaneous Information: Scott referenced the Administrative Board Report; noting vacant positions within LEPFA. Scott stated it has been a challenge to fill the Facility Foreperson and Building Maintenance positions due to lower skilled trades applicants. The LEPFA Board Holiday Reception date is being finalized and a"Save the Date" reminder will be sent. There is no room at Lansing Center for our Board meeting in November; an option for meeting is at the Lansing Brewing Co. LEPFA Board of Commissioners Meeting Page 4 September 22, 2015 D. PERSONNEL COMMITTEE: Commissioner Sims-Wright reported the Committee meeting was cancelled for this month. The CEO contract is with the attorney for review. Annual evaluations are being completed; with emphasis on training and workers comp claims. E. STRATEGIC PLANNING COMMITTEE: No report. Scott stated an Ad Hoc Committee meeting will be scheduled for October. F. STAFF REPORTS—VICE PRESIDENTS/STAFF: 1. Heidi Brown: Heidi provided updates on the Flu Shot Clinic, CAUW Annual Drive and stated she is working on Flex Spending. 2. Gus Pine: Gus reviewed the 2016—2017 PACE Report; noting the challenges due to event changes. Gus reported the Vice-Presidents will work together until the reorganization changes are settled. Gus stated we are changing the way we reference "clients"to "customers". Gus stated the VIP customer recognition system will utilize a pin so that our customers are recognized immediately. Commissioner Bowen asked Gus if any major variances are expected in 2016—2017. Gus stated no revenue loss is anticipated; only group variances. Commissioner Bowen congratulated Gus on his additional responsibilities. VII. COMMISSIONER & STAFF COMMENTS: No comments. VIII. OLD BUSINESS: None. IX. NEW BUSINESS: Scott stated not much was discussed today regarding the City Market; however, Audrey provided a detailed report. An announcement regarding a new vendor and an expansion of the Waterfront should come soon. X. ADJOURNMENT: At 9:00 a.m. the meeting was adjourned. THE NEXT MONTHLY MEETING IS SCHEDULED FOR: NOVEMBER 17, 2015 LOCATION - TBD Respectfully Submitted, Shelly Busse, Recording Secretary LANSING ENTERTAINMENT & PUBLIC FACILITIES AUTHORITY BOARD OF COMMISSIONERS MEETING OCTOBER 27, 2015 MINUTES At 8:03 a.m., Chairman Tim Barron called the meeting to order in the Governor's Room of the Lansing Center, located at 333 E. Michigan Ave., Lansing, MI 48933. E- COMMISSIONERS PRESENT: Tim Barron, Cindy Bowen, James W. Butler III, Jim DeLi' e (Ex, Officio), Price Dobernick, Charles Janssen, Robert Johnson(Ex-Officio), Tim Kaltenbach:and hind Sims-Wright. COMMISSIONERS EXCUSED: Angela Bennett (Ex-Officio) and Charles Mickens. OTHERS PRESENT: Scott Keith, Gus Pine, Jennifer McFatridge, Heidi Brown, Paul Ntoko, Tristyn Wright, Shelly Busse, Audrey Tipper—Lansing Entertainment& Public Facilities Authority; Dirk Spillemaeckers—AMTA and Jack Alexander. III. ESTABLISHMENT OF THE AGENDA: No changes to the agenda. IV. PUBLIC COMMENT: Jack Alexander stated, "this Board has forgotten its responsibilities; not one suggestion or proposal has been made to rectify the situation at Cooley Stadium."Jack Alexander addressed Chairman Barron and stated, "You have not addressed one thing about this." Jack Alexander continued, "Tom Dickson has put 6 million dollars of his own money into a stadium he doesn't own." Jack Alexander asked if anyone has considered reimbursing Tom Dickson for the money he has put into the stadium. Jack Alexander challenged the Board to have a proposal for this Board by the next Board meeting on November 17t". Jack Alexander stated, "If you have nothing, then you care nothing about the stadium and its future." Jack Alexander addressed Scott Keith and asked, "Have you conversed with the Mayor about the stadium? If so, I would like to know what he has said. If not, then you are a bigger failure than I thought you were." *Commissioner Bowen entered the meeting at 8:06 a.m. V. APPROVAL OF THE MINUTES FOR SEPTEMBER 22,2015: Chairman Barron asked for a motion to approve the minutes from the September 22, 2015 meeting. MOTION: Commissioner Janssen SUPPORT: Commissioner Butler Motion unanimously carried. VI. REPORTS: A. CHAIRMAN'S REPORT: Chairman Barron stated he has not attended all of the Committee meetings; but Scott has brought him up to speed on everything. Chairman Barron stated the Halloween event at the City Market this past weekend was fantastic! There were plenty of families on hand to enjoy the event. The press was present to cover the activities, the vendors were happy and the crowd was significant. LEPFA Board of Commissioners Meeting Page 2 October 27, 2015 Robert Johnson(Ex-Offlcio)entered the meeting at 8:08 a.m. B. SECRETARY/TREASURER'S REPORT: Jennifer McFatridge, Vice-President of Finance, reported year-to-date financial information for month ending September 2015. 1. September 2015 Financial Statements: a. Lansing City Market: Total Operating Revenue year-to-date is $25,535 compared to the prior year's amount of$28,035. Total Expenses year-to-date is $46,838 compared to the prior year's amount of$49,359. Excess Revenues over Expenses year-to-date is a loss of($13,155) compared to last year's loss amount of($15,276). Balance Sheet: Total Cash is $65,118 compared to last year's amount of$57,326. Total Current Assets is $92,399 compared to last year's amount of$69,122. Accounts Payable is $72,854 compared to the prior year's amount of$35,724. Unreserved Equity is $225 compared to the prior year's amount of$29,790. Jim DeLine (Ex-Officio) asked Jennifer to explain what amounts are included in the Accounts Receivables line item. Jennifer stated current vendors with outstanding balances and a September invoice to the City for capital dollars. Budget vs. Actual: Total Operating Revenue is behind budget by ($10,237). Total Operating Expenses is ahead of budget by $5,091. Excess Revenues over Expenses year-to-date is behind budget by ($5,146). Commissioner Sims-Wright entered the meeting at 8:12 a.m. b. Cooley Stadium: Total Operating Revenue year-to-date is $3,098 compared to last year's amount of$3,482. Total Expenses year-to-date is $103,960 compared to the prior year's amount of$87,887. Excess Revenues over Expenses is a loss of($53,729) compared to last year's loss amount of($41,531). Jennifer stated utility expenses for this year are higher than last year's amounts and are currently in dispute with Lansing Board of Water&Light. A new meter was installed and was never read. Jennifer noted the DLI Assessment came in September and is included in Miscellaneous revenue. Balance Sheet: Total Cash is $137,871 compared to last year's amount of $143,873. Total Assets are $1,117,255 compared to the prior year's amount of $273,244. Accounts Receivable is $874,006 compared to the prior year's amount of $25,106. Unreserved Equity year-to-date is $31,786 compared to the prior year's amount of$54,527. LEPFA Board of Commissioners Meeting Page 3 October 27, 2015 Budget vs. Actual: Total Operating Revenue year-to-date is behind budget by ($839). Total Expenses are behind budget by ($1,867). Excess Revenues over Expenses are behind budget by ($2,706). c. Lansing Center: Total Operating Revenue year-to-date is $871,806 compared to the prior year's amount of$1,187,146. Total Expenses year-to-date is $1,446,485 compared to the prior year's amount of$1,482,509. Excess Revenue over Expenses is a loss of($332,465) compared to the prior year's loss amount of ($143,548). Jennifer stated the difference in this year's first quarter revenues and last year's revenues is due to the three year cycle of event rotations. Balance Sheet: Total Cash is $61,587 compared to last year's amount of$43,477. Accounts Receivable is $608,027 compared to the prior year's amount of$568,127. Accounts Payable is $186,571 compared to last year's amount of$155,079. Unearned Revenue/Advance Rent is $347,168 compared to the prior year's amount of $332,186. Unreserved Equity year-to-date is $615,032 compared to the prior year's amount of$415,095. Budget vs. Actual: Total Operating Revenue is ahead of budget by $78,808. Total Expenses are over budget by ($89,185). Excess Revenue over Expenses is behind budget by ($3,018). Jennifer stated the "Bad Debt" line item is missing from the financials and the amount is $22,900; this line will be added to next month's financial information. Scott stated a"Bad Debt" line item was created in the budget for financial reporting purposes. Commissioner Bowen noted Food &Beverage revenue is down compared to last year; revenue for this year is down, but expenses are higher—and asked if this is a surprise. Scott stated there is still a full-time salary staff to pay, inventory maintenance and a higher product cost to consider. Paul noted he is having trouble hiring full-time staff; making it necessary to utilize temporary help. Paul reported food cost remains between 24% - 25%,bar usage has been low and a high loss in concession waste. Paul stated approximately 5,000 pounds of food has been donated to the food bank. Secretary/Treasurer James W. Butler III moved to accept the September 2015 financials for the Lansing City Market, Cooley Law School Stadium and the Lansing Center be received as published and further that the monthly expenses for each entity be accepted. MOTION: Commissioner Butler SUPPORT: Commissioner Sims-Wright Motion unanimously carried. LEPFA Board of Commissioners Meeting Page 4 October 27, 2015 2. Wi-Fi User Update: Jennifer reported all LEPFA Board members will receive their own user name and password for Lansing Center Wi-Fi; allowing for a more secure Wi-Fi. If anyone prefers a specific user name or password,please let Jennifer know. C. PRESIDENT & CEO REPORT: Scott Keith, President& CEO, reported the following: 1. Audit: There will be a presentation by the auditor for the Board as well as the Finance Committee. This may be a challenge due to the early date of the November Board meeting. 2. Cooley Stadium: Construction work is complete; invoices are being reviewed. The City has nearly completed the $14M in renovations to the stadium and still has some residual items to complete in the next 18 months. Commissioner Butler asked that a list of Jack Alexander's concerns be compiled so the Board is able to provide feedback at the next meeting. 3. Capital Area United Way: The annual campaign has kicked-off and LEPFA staff has been asked to get involved. Capital Area United Way is challenged for dollars due to competition from other charities. Scott reviewed the various options for how to contribute to Capital Area United Way. 4. Invitation: A "Season Ticket Holders Appreciation"party will be held at The View at the stadium tomorrow. If anyone is interested in attending,please contact Shelly. 5. Parking Structure Review: Scott distributed a copy of this recently completed review and discussed the results. 6. Pedwa : We are partnering with the Radisson, CVB and the City to clean-up and freshen the pedway. 7. Full-Time Position: A full-time IT position has been created and will be available to assist the Tech Services department, customers and staff. 8. Ft. Wayne Trip: The Executive Team is planning a trip to visit the Ft. Wayne venues and meet with their Executive Teams to visit and share ideas. 9. Ad Hoc Committee: The Committee met last week and participated in a presentation on Way-Finding. The last Way-Finding study done was in 2002; we are waiting for additional information before proceeding. A review of the Parking Feasibility Analysis was completed. We will continue to work with Bob Johnson and the Parking department to devise alternative parking solutions. D. PERSONNEL COMMITTEE: Commissioner Sims-Wright reported the Committee met and discussed the CEO contract, reviewed and made suggestions to update the contract so it is similar to other like contracts. A discussion regarding vacant positions and workers comp claims was also held. The LEPFA U session, staff holiday party and LEPFA charitable options was also reviewed. E. STRATEGIC PLANNING COMMITTEE: Scott reviewed the Capital Improvement plan facility audit for the Lansing Center; noting an RFP is being developed for the facility audit. A review of the City Market and new vendors was also discussed; as well as long LEPFA Board of Commissioners Meeting Page 5 October 27, 2015 -term plans for the City Market. F. STAFF REPORTS—VICE PRESIDENTS/STAFF: 1. Jennifer: LEPFA's audit has been scheduled for the week of November 2nd and should run through Friday of that same week. 2. Gus: A first quarter review shows Lansing Center sales down by 25%to last year; however, up 10%to the budget. Sales leadership continues to meet with the CVB to discuss rotational groups and fill empty rotational spaces. The Marketing team has created a Brand Standards Guide and its objective is to ensure those who use our brand; use it correctly. The pedway goal is to work on exterior cleaning ideas or how to disguise using window clings. Team reorganization is reviewing policies and the customer experience from first phone call through completion of their event at the Lansing Center. 3. Tristyn: Tristyn and Gus toured Cedar St. to City Market Dr. and reviewed the way -finders that need to be updated and will offer their suggestions to the City Parking Department. A review of the parking lots that surround the Lansing Center was also done and we are working on ideas to help our customers get into the Lansing Center easier. The Safety committee makes a safety presentation during each month's Employee of the Month presentation and also provides safety tips to publish in the newsletter. Tristyn reported on yesterday's CPR/AED training session. 4. Paul: Groesbeck has wrapped-up for the season; will report numbers next month. Work in progress for several large holiday events next month. 5. Heidi: A Building Engineer was hired yesterday; currently working on a job description for the IT position discussed earlier. 6. Audrey: Hanson Windows will be located on the lower plaza, when the weather is nice. The merchants have been grouped together as a team and monthly Merchant meetings will begin again. A Volunteer Round-up will be held on November 7t , looking to recruit trash collectors, event organizers/planners, grant writers and sponsorship researcher. VII. COMMISSIONER& STAFF COMMENTS: A. Scott: Vice-Presidents are currently reviewing contracts/bids and organizing in one location so when it is time for renewals the information is easily accessible; which could produce savings and efficiency, if not, improved services. The Board Holiday Party is scheduled for December 16cn B. Commissioner Janssen: Discussed using the pedway for advertising purposes. Scott noted Bob Johnson devised a plan to do this several years ago and will mention to him to revisit. C. Commissioner Bowen: Complimented the branding execution plan and noted it may be worthwhile to implement a plan for improvement of outdoor break locations for staff. D. Commissioner Butler: Attended the NAACP dinner; it was very well received—good food, great service and the cleanliness was noticed. Really like the idea of touring other venues; perhaps Board members and/or partners would like to attend as well. VIII. OLD BUSINESS: None. LEPFA Board of Commissioners Meeting Page 6 October 27, 2015 IX. NEW BUSINESS: None. X. ADJOURNMENT: At 9:09 a.m. the meeting was adjourned. THE NEXT MONTHLY MEETING IS SCHEDULED FOR: JANUARY 26, 2016 GREATER LANSING CONVENTION & VISITORS BUREAU 500 E. MICHIGAN AVE., SUITE 180 LANSING, MI 48912 (No December Meeting) Respectfully Submitted, Shelly Busse, Recording Secretary LANSING ENTERTAINMENT & PUBLIC FACILITIES AUTHORITY FED� t P BOARD OF COMMISSIONERS MEETI"r : NOVEMBER 17, 2015 R, MINUTES At 8:04 a.m., Chairman Tim Barron called the meeting to order in Hall C of the Lansing Center, located at 333 E. Michigan Ave., Lansing, MI 48933. COMMISSIONERS PRESENT: Tim Barron, Cindy Bowen, James W. Butler 111, Jim DeLine (Ex- Officio), Price Dobernick, Robert Johnson(Ex-Officio), Tim Kaltenbach, Charles Mickens and Linda Sims-Wright. COMMISSIONERS EXCUSED: Angela Bennett (Ex-Officio) and Charles Janssen. OTHERS PRESENT: Scott Keith, Gus Pine, Jennifer McFatridge, Heidi Brown, Paul Ntoko, Tristyn Wright, Shelly Busse—Lansing Entertainment& Public Facilities Authority; Brenda DeMott— Rehmann Robson and Jack Alexander. III. ESTABLISHMENT OF THE AGENDA: Chairman Barron stated the Auditor's report will be moved from the Finance report section to after approval of last month's meeting minutes. IV. PUBLIC COMMENT: Jack Alexander stated he would like a copy of any proposals regarding the stadium and stated he will deliver to the Mayor personally. Jack Alexander reported to Scott the light towers need to be rewired at a cost of$600,000. Jack Alexander stated bonds should be sold and City Officials are not sure why Scott has not asked that this be done. Jack Alexander stated the brick work in front of the stadium and restrooms both need to be redone as well. Jack stated to Scott"either you lied to this Board or you just don't care." Scott shared a list that Jack Alexander created for stadium needs. Scott stated it is not the LEPFA Board's responsibility to create a funding mechanism for capital improvements but to seek funds from the City as needed; noting "Mr. Alexander is out of line with his statements." Scott stated the Authority does not own anything and has a right to request funds as part of their operating agreement and the contract between the Team and the City. Scott stated we are looking for permanent funding mechanisms and this is a longer process than selling bonds. Jack Alexander asked why no one from the City has done anything then. Scott asked Jack Alexander if he is aware of the City's financial situation; noting the stadium is important, however, the City must be cautious of all financial decisions. Robert Johnson(Ex-Officio) stated he worked on the original stadium deal; noting LEPFA is a facilities authority and only the building authority is able to sell bonds. Bob continued by saying the financial health of the City is most important. *Commissioner Bowen entered the meeting at 8:12 a.m. Jack Alexander then stated, "So the financial condition of the City is why no funds have been LEPFA Board of Commissioners Meeting Page 2 November 17, 2015 requested." Bob stated he is not the financial director of the City, so that is not a question he can answer. Jack Alexander asked if bonds can be sold for maintenance and upkeep. Bob stated bond sales are for capital improvements only. V. APPROVAL OF THE MINUTES FOR OCTOBER 27, 2015: Chairman Barron asked for a motion to approve the minutes from the October 27, 2015 meeting. MOTION: Commissioner Kaltenbach SUPPORT: Commissioner Dobernick Motion unanimously carried. Auditor Review: Brenda DeMott, of Relmzann Robson, presented a copy of the audit report; stating the audit was completed about a week and a half ago. Brenda reviewed the report and noted this is an independent auditor's report. Brenda reviewed individual responsibilities and the Auditor's opinion. Pages 4— 15 were highlighted with regard to net position, financial statements, operating revenues/expenses. Brenda stated all three properties ended positive for the year. Page 17 references internal controls and material weaknesses and significant deficiencies. It was noted proper cash procedures are in place and the separation of duties item from previous audits has been fixed. Page A-1 references a cash test regarding numerous outstanding checks over one year old as well as upcoming changes and accounting standards. Secretary/Treasurer James W. Butler, III moved the 2014—2015 fiscal year audit be accepted as reported. MOTION: Commissioner Butler SUPPORT: Commissioner Kaltenbach Scott thanked Brenda for her presentation and stated this is the first time during his tenure an audit has come back"No findings" and congratulated Jennifer for a clean audit. VI. REPORTS: A. CHAIRMAN'S REPORT: No report. B. SECRETARY/TREASURER'S REPORT: Jennifer McFatridge, Vice-President of Finance, reported year-to-date financial information for month ending October 2015. 1. October 2015 Financial Statements: a. Lansing City Market: Total Operating Revenue year-to-date is $33,004 compared LEPFA Board of Commissioners Meeting Page 3 November 17, 2015 to the prior year's amount of$37,078. Total Expenses year-to-date is $59,280 compared to the prior year's amount of$63,521. Excess Revenues over Expenses year-to-date is a loss of($13,079) compared to last year's loss amount of($16,488). Balance Sheet: Total Cash is $77,505 compared to last year's amount of$50,457. Total Current Assets is $87,470 compared to last year's amount of$62,912. Accounts Payable is $58,791 compared to the prior year's amount of$24,480. Unreserved Equity is $301 compared to the prior year's amount of$28,578. Budget vs. Actual: Total Operating Revenue is behind budget by ($14,455). Total Operating Expenses is ahead of budget by $8,303. Excess Revenues over Expenses year-to-date is behind budget by ($6,152). Scott noted this is the first positive financial statement for the City Market in 16 months. b. Cooley Stadium: Total Operating Revenue year-to-date is $3,334 compared to last year's amount of$3,665. Total Expenses year-to-date is $126,357 compared to the prior year's amount of$110,886. Excess Revenues over Expenses is a loss of($51,168) compared to last year's loss amount of($41,045). Balance Sheet: Total Cash is $319,440 compared to last year's amount of $114,833. Total Assets are $962,438 compared to the prior year's amount of $361,807. Unreserved Equity year-to-date is $34,550 compared to the prior year's amount of$57,751. Budget vs. Actual: Total Operating Revenue year-to-date is.behind budget by ($874). Total Expenses are behind budget by ($3,402). Excess Revenues over Expenses are behind budget by($4,277). c. Lansing Center: Total Operating Revenue year-to-date is $1,370,154 compared to the prior year's amount of$1,867,272. Total Expenses year-to-date is $2,011,304 compared to the prior year's amount of$2,113,249. Excess Revenue over Expenses is a loss of($342,942) compared to the prior year's loss amount of ($30,856). Balance Sheet: Total Cash is $74,734 compared to last year's amount of$47,711. Accounts Receivable is $493,883 compared to the prior year's amount of$772,604. Accounts Payable is $214,239 compared to last year's amount of$144,092. Unearned Revenue/Advance Rent is $361,436 compared to the prior year's amount of $338,867. Unreserved Equity year-to-date is $508,231 compared to the prior year's amount of$533,366. LEPFA Board of Commissioners Meeting Page 4 November 17, 2015 Budget vs. Actual: Total Operating Revenue is behind budget by ($10,428). Total Expenses are over budget by ($118,941). Excess Revenue over Expenses is behind budget by ($129,328). Secretary/Treasurer James W. Butler III moved to accept the October 2015 financials for the Lansing City Market, Cooley Law School Stadium and the Lansing Center be received as published and further that the monthly expenses for each entity be accepted. MOTION: Commissioner Butler SUPPORT: Commissioner Kaltenbach Motion unanimously carried. C. PRESIDENT & CEO REPORT: Scott Keith, President& CEO, reported the following: 1. Administrative Board Report: Scott reviewed an addition under the Events/Event Days topic; noting last year's information is also presented to show a correlation to sales and revenue. 2. Board Holiday Reception: This annual event is scheduled for Wednesday,December 16th; 6p.m. — 8 p.m. Invited guests include our customers and dignitaries. 3. Bum Work has begun on next year's budget; the City is requesting performance measures be included in the budget. 4. Silver Bells: Scott reviewed this Friday's schedule of events and thanked Kris Nicholoff for reindeer sponsorship. Carriage rides still need sponsorship dollars, if anyone from the Board is interested—Accident Fund has expressed interest in this as well. 5. Facility Audit RFP: Writing process has begun for this RFP; a meeting with the Strategic Planning Committee is needed to discuss the scope of work to be included. 6. CIP Plan: A first draft is in progress; the hope is to combine this plan with the facilities audit. 7. Ft. Wa, ne Trip: This trip will be coordinated into the opening of a new Expo Center in January. We will wait until January to travel. One topic of discussion is funding mechanisms, but also sharing best practices, learning and building networks for staff. 8. Misc.: Scott spoke with John Decker and stated John has no time for a temporary holiday business this year. For Crepes Sake will leave the City Market for a storefront location in downtown Lansing(at the end of their lease). Customer Evaluations will become electronic starting in January and will include a new format. In reference to the Paris attacks; it was noted we are always looking for best practices within our industry to stay safe. Our industry has been at an"Orange Alert" since 9/11. Scott distributed the Jazz on the Grand recap and reported we are working on next year's event. D. PERSONNEL COMMITTEE: Commissioner Sims-Wright reported the Committee cancelled this month's meeting. Last month's meeting included a discussion of the President/CEO contract and streamlining it to be in line with other similar position contracts. Commissioner Sims-Wright stated all Board members received a copy of the contract and moved to approve the changes to the President/CEO contract. LEPFA Board of Commissioners Meeting Page 5 November 17,2015 MOTION: Commissioner Sims-Wright SUPPORT: Charles Mickens E. STRATEGIC PLANNING COMMITTEE: Commissioner Mickens reported the Committee will meet soon to discuss and review the RFP for the Lansing Center facilities audit. F. STAFF REPORTS VICE PRESIDENTS/STAFF: 1. Heidi Brown: Heidi reported interviews are currently in progress for the HR/Payroll Specialist position. A full-time Building Engineer has been hired and an offer has been extended to a candidate for the open Event Coordinator position. A full-time Technical Services position has been created and posted. Turkey feathers are being sold for $1.00 and money collected will go to the Greater Lansing Food Bank and again this year, there will be a SVCC Angel Tree in the Admin Office. LEPFA U is scheduled for December 81h and the topic is wellness. 2. Gus Pine: The staff reorganization was a month ago and we are meeting weekly with the leaders of those departments to get to know each other in a collaborative setting. Gus reviewed the PACE report and noted November is positive so far. Gus stated he is thankful for our innovative staff, Board of Commissioners and CEO. 3. Paul Ntoko: Paul reported his staff is ready for the Jackson National Life holiday party; which is 20% of November revenue. Happy Thanksgiving. VII. COMMISSIONER& STAFF COMMENTS: No comments. VIII. OLD BUSINESS: None. IX. NEW BUSINESS: None. X. ADJOURNMENT: At 8:55 a.m. the meeting was adjourned. THE NEXT MONTHLY MEETING IS SCHEDULED FOR: FEBRUARY 23, 2016 LANSING CENTER— GOVERNOR'S ROOM Respectfully Submitted, Shelly Busse, Recording Secretary