HomeMy WebLinkAbout032612 Special MeetingPUBLIC FACILITIES DISTRICT BOARD
SPECIAL MEETING
March 26, 2012
MINUTES
CaL To Ord¢r_
The meeting w called to order at 4:OOp.m., by PFD President Bob Tippett, in ConF ence
Itoom #1 at Pasco City Hall_
Bo" Cart
Board Members Present Bob Tippett, Spence JileR, John Merle, and Leonard Dietrich (via
telecom£ cej.
Excused Absence: Mark Moarissette
Also Preseat Gary Crutch5eld, PFD Chie {Administrative 01 -ricer and Stag Strebel, Deputy
City Manager and Reb¢cca Francilc, Councilmemb¢r_
Visitor: Randy Willis, Tri City Covert Club
Buslaeas-
AuuaHca C¢at¢r
Mr. CrutchAeld
introduced an ail re vved from
Commissioner Peck dated March
23,
2012 containing
a "draft" communication regarding
TRAC's Fscal per{ormancc (Exhibit
1 -
coPY attached).
Mr. Strebel provided a brief recap regarding the Ballard•ISing 8c Associates Tri Cities
Aquatic Center Operations Pro -Forma Review and the need to provide a target budget.
Following discussion it w motioned by Dr. JileK s oxtded by Mr. Merle and carried to
authorize the Pasco Publics Facilities District Board to provide a letter to the Board of the
Regional PFD expressing the Pasco PFD desire to become proponent of the Regional Aquatic
Center at the TRAC location (and submitting the MarKet Analysis, Concepr/Sae Plan and Cost
Estimates plus the (to be c mpletedj Pro -Forma at Ste 4/11 meeting of the APFDj and to ask
Ballard King to complete the project study with a target construction budget of $35,000,000.00.
Adjouram¢atc
There being no other business, President Tippett adjonurned the meetin/g Ciao,_ 1:�5a p.m_
Bobappett, Presaydent �� D b CI K S vt-
FACILITIES D1S"I'R1CT BOARD
Minute —March 26, 2012
s PagC - 1
Follow up Flag= Follow up
Flag gtatus: Flagged
Gary —will something along these lines be adequate?
Thx, Brad
Dear Mr. Crutchfield,
Our board understands She Pasco PF0 or the Trl Cities Regional PFD may have interest in acquiring all Or portions of the county's
TRAC facility.
As we have discussed, public convention facilities rarely generate enough revenue to cover costs. Financial losses are often offset by
the economic vitality they bring to a who In -turn pay local taxes^Desplte excellent m nag¢m¢ni, TRAC's annual losses
will exceed $400,000 this year. Despite the potential economic benefits tonearby businesses, those losses are a significant financial
burden to Franklin Coumy, even with Pasco covering half those costs. The county is unlikely to cover the full amount of those losses
should the city end Its TRAC subsidy In 2014 as expected.
Absent a significant turnaround in TRAC's BSCal performance, Our hope is that a ncmm mission can be developed for TRAC that will
serve our citizens in a fiscally acceptable manner. If neither Of those options materialize it may become necessary for us to sell the
facility to recoup some measure of our Investment-
Therefore we are Open to any proposals or recommendations the city may have for achieving the highest and best use of Our TRAC
facilities and related property. Of course the terms and conditions of any Ownership transfer and reuse plans would require careful
revlew and approval of our Board. Z
Thank you for inquiry. 1 look forward to further discussions on this topic.
DRAFT
Gary Cruio�tfield
3 - aCo-
f
From:
Brad Pack cbpecK(�co.fran Klin.wa.us�.
Sent:
Friday, March 23, 2012 4:34 PM
To=
Gary Crutchfield
aubjact:
FW: TRAC
Follow up Flag= Follow up
Flag gtatus: Flagged
Gary —will something along these lines be adequate?
Thx, Brad
Dear Mr. Crutchfield,
Our board understands She Pasco PF0 or the Trl Cities Regional PFD may have interest in acquiring all Or portions of the county's
TRAC facility.
As we have discussed, public convention facilities rarely generate enough revenue to cover costs. Financial losses are often offset by
the economic vitality they bring to a who In -turn pay local taxes^Desplte excellent m nag¢m¢ni, TRAC's annual losses
will exceed $400,000 this year. Despite the potential economic benefits tonearby businesses, those losses are a significant financial
burden to Franklin Coumy, even with Pasco covering half those costs. The county is unlikely to cover the full amount of those losses
should the city end Its TRAC subsidy In 2014 as expected.
Absent a significant turnaround in TRAC's BSCal performance, Our hope is that a ncmm mission can be developed for TRAC that will
serve our citizens in a fiscally acceptable manner. If neither Of those options materialize it may become necessary for us to sell the
facility to recoup some measure of our Investment-
Therefore we are Open to any proposals or recommendations the city may have for achieving the highest and best use of Our TRAC
facilities and related property. Of course the terms and conditions of any Ownership transfer and reuse plans would require careful
revlew and approval of our Board. Z
Thank you for inquiry. 1 look forward to further discussions on this topic.
DRAFT