Agenda - 09-16-2014 - 6a - Laserfiche WebLink

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22 2 Sportsplex — includes funding in Year 1 (FY 2014 -15) for a Mezzanine addition at the 3 pool area to include dedicated member change areas and lockers, workout rooms, and a 4 senior /adult cardio strength center. Year 2 (FY 2015 -16) includes funding of $1,900,000 for a 5 new building addition that would house an indoor turfed field for soccer, lacrosse, senior 6 walking, running, Kidsplex functions, and youth /adult flag football leagues. A second new 7 building addition includes funding of $900,000 also in Year 2 for a second new building addition 8 that would house a regulation sized high school /college basketball court, including bleacher 9 seating, for youth and adult basketball leagues, court based fitness programs, volleyball, and 10 Kidsplex activities. Projected revenue from these new projects would generate enough funds to 11 cover the additional annual debt service needed for these projects. 12 Paul Laughton said phase two of an indoor field have been combined in year 2 with 13 phase three to include an indoor court. 14 Commissioner Gordon asked what the amount was last year for these two phases. 15 Paul Laughton said it would have been $1.9 million for the indoor turf, and then 16 $900,000 for the court one year later. He said this will be one large building, and there will be a 17 division between the court and the indoor turf. 18 Commissioner Gordon said there was past discussion that the debt capacity could be 19 paid off with the proceeds if this is moved up. 20 Paul Laughton said the growth potential in membership and revenue stream outlined in 21 the documents supports the business case of paying for the debt. 22 Commissioner Gordon noted that the County paid for the original building, and she 23 asked how much is being paid for debt. 24 Clarence Grier said the County is paying $302,000 per year, and there are 12 years left 25 on the debt. 26 Commissioner Gordon asked how this factors into the budget. 27 Clarence Grier said this is in the Sportsplex budget in the debt service. He said it is not 28 shown in this outline, but it could be included 29 Commissioner Gordon said it would be helpful to see this. She asked what page this is 30 on right now. 31 Clarence Grier said this is on page 84, but the debt service for the building purchase 32 would have to be added. 33 Commissioner Gordon said this should be included as part of the reason for moving 34 forward with this. She questioned whether this $302,000 would be paid for by the revenue 35 streams. 36 Clarence Grier said it should. He said the current revenue streams have been paying 37 for it every year. 38 Commissioner Gordon said this should be shown to give the big picture. 39 John Stockton said the Sportsplex has generated $487,000 in net income as of the end 40 of March. He said this will be the first year that the Sportsplex will go above $500,000 in 41 contributions to the fund balance. He said they are $200,000 ahead of budget year to date. He 42 said there are close to 5,000 members and 85 percent of these are residents and County 43 employees. He said the fitness mezzanine in the pool area is going to handle the fact that 44 there are a lot of lines in peak hours. He said the addition of turf and court is to handle the 45 focus on obesity issues in two key populations — children and people over the age of 60. He 46 said their programs are designed to tackle this obesity problem, and this is a core mission of 47 the Sportsplex. 48 Chair Jacobs said the Board appreciates the good job he and his staff were doing 49 John Stockton said this facility is really multi - generational and the addition of these new 50 areas will make it one of the more spectacular facilities in the southeast.