Agenda - 09-20-2005-9a - Laserfiche WebLink

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function as a "reimbursement resolution", as provided far under federal tax law, to preserve the County's ability to reimburse itself out of financing proceeds for early project expenditures. If the BOCC approves the resolution, staff will proceed to solicit proposals from firms qualified and interested in loaning the County the necessary funds, The recommended financing proposal will be the subject of the October 18 public hearing. The notice far that public hearing on the financing contract that is required by statute is attached for reference, In addition to conducting the public hearing, the Board will also be asked at the October 18 meeting to approve the particular terms of the SportsPlex financing, Staff currently expect to make short- term arrangements for financing the SportsPlex acquisition, and then combine that financing into the larger Certificates of Participation (COPs) financing the County has planned for early 2006, as reviewed at the September 13 BOCC work session. Facility Management Services Last month, staff and the project manager made site visits to two Wake County ice rink/recreation facilities owned and/or operated by Ice Ventures/Recreation Factory Partners. Staff were very impressed with the conditions and programming at the facilities and with the philosophical approach that firm displays towards providing high quality, reasonably priced family-oriented recreation opportunities, As noted during earlier BOCC meetings, in the interests of time and having well-qualified outside management in place prior to closing on the SportsPlex facility (targeted at this time far November 2005), staff have not solicited a broad array of proposals for managing the overall SportsPlex operation or subsets of its activities. Staff propose instead to negotiate an agreement with Ice Ventures/Recreation Factory Partners to manage the overall SportsPlex property, with appropriate subcontracting to other firms as needed with demonstrated successful track records in managing the various types of amenities available at the SportsPlex. Viewing this as a pilot effort, the County would contract with Ice Ventures/Recreation Factory Partners for atwo-year period, then evaluate the degree of success of the firm and make recommendations to the Board regarding the advisability of renewing management agreements at the end of the pilot period or soliciting new management proposals. An attachment to this abstract lays out some of the major elements of a proposed agreement suggested by Recreation Factory Partners. Staff request the Board's feedback and direction on these elements, and any others the Board would like to have included in a final agreement. The County Attorney and staff would prepare that agreement in collaboration with the firm's representatives, and bring it back for formal BOCC approval at an October 2005 meeting. Other SportsPlex Issues As time permits, staff will also update the BOCC on other related developments such as: condition of the SportsPlex building, infrastructure, and equipment; SportsPlex financials and progress on audit results; a Central Orange Senior Center Work Group; and the architect's progress in Hillsborough development review submission, tentatively targeted for October 2005 Hillsborough Board of Adjustment review. All of these topics will be addressed at either the October 3 or October 18 regular BOCC meetings (or both),