2025-462-E-DEAPR-Recreation Factory Partners-portsplex Management Agreement

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E. Recreation Factory Partners Experience: • Recreation Factory Partners was formed thirty years ago as the operational management company to operate ice rinks owned by Ice Ventures. • President, John Stock, was also a shareholder in all these rinks. This formed the original philosophy to manage facilities consistent with an ownership mentality. • Originally the mandate consisted of five rinks in Cary, Charlotte, and Greensboro. • Through growth of a 250,000 sf multi-venue sports facility was added in Wake Forest. • Other new rinks and management contracts for ice and indoor turf and court venues acquired or built. Twenty-five facilities in total. • RFP has been the management company of the Orange County Sportsplex for 20 years. Critical to the success of the company was to form a management team of experienced operators. Some of those original employees are still with the company. Examples: • Doug Scott - Facilities Director Doug oversees all facility infrastructure, particularly the complex ice rink chillers and pool HVAC. A graduate with a B.S. from Graceland College, Doug ran an ice rink and adjacent commercial complex in Darien Connecticut for 25 years before joining RFP 25 years ago. Doug has overseen multiple facilities in the Northeast and for RFP after military service, establishing 50 years of expert experience. Doug has overseen the Sportsplex facility since January 2009. • John Stock – Chairman of Recreation Factory Partners John has a masters’ business degree and started his career with Price Waterhouse Coopers as a CPA. He has extensive industry experience as a CFO for a $2 billion distribution company and CEO of an international manufacturing company. He was also head of acquisitions for Nabisco where a key core skill was business turnarounds. All the operations he led had significant business turnarounds and success under his leadership. • Andrew Stock – Chief Executive Officer of Recreation Factory Partners Also serving as the facility General Manager, Andrew Stock joined RFP 13 years ago after a career in banking. He earned his B.S. in Sports and Recreation Management from NC State University in 2007. With 10 years of experience working in ice rinks and around professional and amateur sports prior to his banking career, Andrew quickly progressed from operational management roles to Assistant General Manager of the Orange County Sportsplex in 2015 before assuming the General Manger duties in 2017. Andrew is proud of the opportunities that the Sportsplex has provided the municipal area during his tenure. As a local resident raising his family less than 5 miles from the Sportsplex, Orange County is extremely important to Andrew. Living in the area adds great understanding and consideration of how vital it is to operate the Sportsplex in an equitable and sustainable manner for the betterment of the community. However, most critical to this proposal is RFP’s experience and capability as it pertains specifically to the Orange County Sportsplex. Except for the pandemic shutdown the Sportsplex has achieved revenue growth during every year of RFP’s leadership and significant net operations surpluses: Sportsplex FY2005 FY 2023-24 Revenue 1,600,000$ 5,644,000$ Expenses 2,600,000 4,094,000 Operating Loss/Profit -1,000,000 1,550,000 Docusign Envelope ID: 177AA06A-30B4-42FF-A85A-78B5A7C51DBE