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7
<br /> 1
<br /> 2 Fitness Mezzanine
<br /> 3 - 5,400 additional;sq. ft. connected to existing ice rink mezzanine
<br /> 4 - Private member change area compatible with Fitness Club projected to grow to 6,000
<br /> 5 Members
<br /> 6 - Dedicated rooms for Spin/Row/Therapeutic Massage plus 1,800 sq. ft. for recumbent
<br /> 7 equipment, low intensity/impact strength area for older adults and seniors
<br /> 8 - No Change in CIP Funds for FY14/15 ( $950,000)
<br /> 9 - 670 additional members annually
<br /> 10 - Five year revenue generation of $1,694,00 and $1,250,000 contribution to Fund
<br /> 11 Balance
<br /> 12 - (3.5 year payback)
<br /> 13
<br /> 14 Revenue/Income Generation from Turf Addition
<br /> 15 Annual Member Growth $184,250
<br /> 16
<br /> 17 Five Year membership growth $921,250
<br /> 18 Programming Revenue Growth over 5 years $3,600,000
<br /> 19
<br /> 20 Total Five Year
<br /> 21 Revenue Growth $4,521,250
<br /> 22
<br /> 23 Five Year Contribution to Fund Balance $1,750,000
<br /> 24 Approx. 5 '/2 Year Payback
<br /> 25
<br /> 26 Revenue/Income Generation from Court Addition
<br /> 27 Annual Member Growth $184,250
<br /> 28
<br /> 29 Five Year membership growth $921,250
<br /> 30 Programming Revenue Growth over 5 years $836,000
<br /> 31
<br /> 32 5 Year Incremental Revenue $1,757,250
<br /> 33
<br /> 34 Five Year Contribution to Fund Balance $900,000
<br /> 35 Five Year Payback
<br /> 36
<br /> 37 Summary:
<br /> 38 - By leveraging RFP resources, the combined net contribution to the Funds Balance over
<br /> 39 the 5 year CIP period is $3,130,000, however including FY18/19, the total contribution to
<br /> 40 the Funds Balance is $4,100,000, which fully pays back the$3,860,000 CIP costs within
<br /> 41 a true five year fiscal horizon.
<br /> 42 - Sportsplex membership will grow from 4,000 to 5,740 (43.5%). Combined with
<br /> 43 significant new programming revenue, these projects will generate$6,100,000 in
<br /> 44 incremental revenues over the 5 year CIP planning period.
<br /> 45 - Together with existing programming annual Sportsplex revenues will be$5,000,000 and
<br /> 46 Annual contributions to the Fund Balance of$1,400,000 can be re-invested in Orange
<br /> 47 County recreation and wellness.
<br /> 48 - State of the Art Recreation, Sport and Fitness Venue featuring Ice, Pools, Turf, Court,
<br /> 49 Fitness and Child Development/Care.
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