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HomeMy WebLinkAboutAgenda - 02-16-1993 - VII-B 1 ORANGE COUNTY BOARD OF COMMISSIONERS Action Agenda Item No. VII-13 ACTION AGENDA ITEM ABSTRACT Meeting Date: February 16, 1993 SUBJECT: Financing Alternative for Swimming Pool Construction DEPARTMENT: Recreation and Parks PUBLIC HEARING YES: NO: XX Economic Development ATTACHMENT(S) : INFORMATION CONTACT: MaryAnne B. Moore (ext. 2664) (1) SBTDC Business Plan Summary (2) Resolution (3) Ten-Year Cash Flow Projection TELEPHONE NUMBER- Hillsborough - 732-8181 Chapel Hill - 968-4501 Mebane - 227-2031 Durham - 688-7331 PURPOSE: To report to the Board on the Business Plan developed by the Small Business and Technology Development Center (SBTDC) for the financing of the construction of a Community Activities Center in central Orange County. The Business Plan outlines a viable financing alternative for the county to use to accomplish its goal to construct a public swimming pool facility in central Orange County. In order to make this a viable plan, the banking community indicates that it needs to know the county' s intent to participate in the financing of the construction costs of the Activity Center's swimming pool. Therefore, a proposed Resolution of Intent is attached for the Board's consideration. BACKGROUND: The Board approved an initial amount of funding for the construction of a public swimming pool facility in the county's 1992-1997 Capital Improvements Plan. During the CIP discussions last year, the Board indicated interest in possibly financing the construction of the pool at the proposed Triangle Community Activities Center. The level of financial commitment discussed at that time was $400, 000 per year for ten years through annual lease payments. The Board expressed that it was not interested in operating the pool. For the last several months, the Small Business and Technology Development Center - UNC (SBTDC) has been developing a Business Plan for the proposed Triangle Community Activity Center (TCAC) . The staff of the Recreation and Parks Department and the Economic Development Commission have worked with the SBTDC in the development of this Business Plan and will present an overview of the Plan for your consideration. 2 The Plan outlines that the county could finance $4 million over a ten year period, and that those payments of $400, 000 per year for ten years would be wholly earmarked for the Center's debt service. The TCAC (including the pool) would be operated by a non-profit corporation (Triangle Youth Hockey Association) which would be entirely responsible for the debt service retirement. At the end of the ten-year period, the County would have no further financial obligation, but would continue to enjoy scheduling priority for the community at-large (Schools and the Recreation and Parks Department programs. ) Mr. Barry Phillips of the SBTDC wrote the Plan and will attend the meeting to answer questions. RECOMMENDATION(8) : Staff has explored financing a $2 .5 million pool by bonds and by lease purchase. The total principle and interest payments based on 7% over a 20 year period would equal $4 . 34 million. Therefore the plan proposed by SBTDC represents a reasonable approach to constructing a pool for Central Orange County. In order to pursue productive discussions with the banking community to develop a viable financing plan, the Manager recommends that the Board of County Commissioners approve the attached resolution and authorize the Chair to sign. 3 TRIANGLE COMMUNITY ACTIVITY CENTER EXECUTIVE SUMMARY BORROWER The borrower and operator of the TCAC will be the Triangle Youth Hockey Association (TYHA) , a non-profit, NC corporation. It has been in existence since 1981 and for the last 2 winters has leased and operated the Ice hockey rink at the Daniel Boone Center in Hillsborough. SERVICE PROVIDED. The proposed TCAC will be located at Meadowlands on Hwy70 Business east of Hillsborough. It will have under one roof, a full sized Ice Rink, an Olympic sized swimming pool and communual rooms and equipment to provide fitness classes and areas for local clubs and societies to meet. THE MARKET TCAC is expected to become a focal point for Orange county activi- ties as well as attracting a wider based patronage for its sporting facilities. The Ice Rink at Daniel Boone will be taken out of service permanently and the winter season activities of TYHA have shown a demonstrable need by a wide range of the public for a rink in the Orange county location. The Orange County Board of Commissioners have committed an initial amount of funding for the construction of a public swimming pool facility in the county's 92-97 Capital Improvements Plan. THE COMPETITION Other Ice rinks in the market area are located in Raleigh, Cary and Greensboro. TYHA has already proved itself competitive while opening on a 6 months basis. The assumptions used by TCAC are that year round opening will increase the support by a factor of some 25% over extrapo- lated 1992/3 usages. In Chapel Hill there are 2 public pools (1 year-round;l seasonal) but none elsewhere in the county. Research of faclities in Durham and Raleigh show the levels of usage and admissions that can expect to be popular with the public. Nationally accepted and locally adopted facility standards call for the construction of two additional public swimming pools in Orange County. THE MARKETING STRATEGY A broad range of established mechanisms involving the Press, Television and local events will be used to bring the new facilities to the public' s attention. 4 FACILITIES The 90, 000 sq. ft. facility will include a 180 'x 75 ' pool, a 200 'x 85 ' Ice Rink, a fitness center, a multipurpose activity center, a community sports shop, a snack bar as well a range of offices changing rooms reception area etc. The main contractor is McDevitt Street Bovis who have also contracted to build a number of the sporting facilities in Atlanta for the 1998 Olympic Games. Cimco Lock Refridgeration, the Subcontractor for the Ice Rink, is the major company specializing in this field in Canada and USA. MANAGEMENT The TYHA has brought together an impressive management team which includes a combination of professional, semi-professional and volunteer coaches and helpers. They have also built a team of professional advisors to support their Board of Directors. FINANCIAL INFORMATION TYHA will need to finance $6.7 million. Detailed projections of revenues and expenses over the 10 year life of the required loan have been made to support the viability of the project. A model has been designed to allow the effects of varying rates of inflation in both revenue and expenses to be tested. A matrix of financing costs has also been designed to cover borrowing between $6.7 and $7 million and fixed rates from 5. 5% to 10%. Based on an informal survey of leading Banks in the region a rate of 9% fixed has been shown in the projection. Typically for a Project Finance concept, evaluation of the proposal has been based on the two major income streams (Rink and Pool revenues) plus the extent to which county funds can be guaranteed over the lifetime of the loan. A county guarantee to make monthly payments equivalent to $400, 000 a year for 10 years is sufficient to validate the cash flow and should make the deal "bankable" . Less emphasis is placed on the nature and value of underlying asset that the money will be used to build although it is relevant that if, for any reason, the facility could not pay its way in its intended usage, there would still be a 90, 000 sq.ft building on 16. 8 commercial acres in a well located business park. A lender would certainly take such evaluation into reckoning as well as the benefit of the main contractor' s performance bond during the construction stage. The projection makes the very conservative assumption that cumula- tive revenue increases would be kept to 1% (year on year) whilst costs would rise at a rate of 4% (year on year) . • 5 ORANGE COUNTY BOARD OF COMMISSIONERS A RESOLUTION OF INTENT TO PARTICIPATE IN THE BUSINESS PLAN OF THE TRIANGLE COMMUNITY ACTIVITIES CENTER SUBJECT TO ASSURANCES AS OUTLINED WHEREAS, the Orange County Board of Commissioners has acknowledged a need for a public swimming pool to serve the citizens of the county; WHEREAS, the Board has committed an initial amount of funding for a public swimming pool; and WHEREAS, the Board requested and has now reviewed the Business Plan as written by the. Small Business Technology Development Center for the proposed Triangle Community Activities Center; NOW THEREFORE BE IT RESOLVED on this sixteenth day of February 1993 , that the Orange County Board of Commissioners intends to participate in such a Plan subject to suitable and appropriate arrangements between the County and the Triangle Youth Hockey Association, Inc. which include appropriate legal documents drawn between the parties, articulating reasonable legal protections, and assurances of the over-all financial feasibility of the Plan. This, the 16th day of February, 1993 . 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GpO pNp� ww.g gVIw+W +.Ow VI4 Np. .ppOP WG�V+pm+�.yO� VOOWVVwRob VI VIP...AONOe 00OO OPNN+Ow+NP VAW Nw WM00w WHO 1�NOOPWy 014 . .0 .ONNOC�O AO�+00 "win' N W P " N Pd WWP w ++ • • • • FROM �82. 15. 1493 15:09 ` P. 2 THE UNIVERSITY OF NORTH CAROLINA'S : BUSINESS AND TECHNOLOGY EXTENSION SERVICE CENTRAL CAROLINA REGIONAL CENTER , afEffirsomionfwat r 6118 Airfron Ruud,Suite B • Chapel I fill. NC 271J4 • 019)4)4'2'0389 K>x;lcatvni s>�vic;r r I rv'rllxs February 15, 199 3 1Chirut(, t-t 1V,wero f ttlnlimi tlnir,•I,ity TO: Dan Kidd, President (-00,,,..„1,H Triangle Youth Hockey Association (TYHA) +•Ittlilk 1 YIi)71.1-Ni I,UM 124 11000 Ted Abernathy, Director Orange County F,cono>aic D lopment Commission N.r(hYrt„�rn Cenrr+ 1 nrl,.,n,1.,luwn Sr.,,.1111lrr„1'Y FROM; Barry Phillips, UNC-SBTD «,. I n.:M,4, Dan Parks, UNC-SBTDC dii, • '1nr1lilerx Perthr m.cri G{ 1Innq,in of Minh(:,.data RE: TRIANGLE COMMUNITY ACTIVITY CENTER (TCAC) ::eatln,t,. .,60i "•1i"1 In Mid October 1992, the UNC-SBTDC was briefed at a Northern Philmont Cram meeting at the office of the Orange County Economic Novel- WInMtnl.'.irn1 ir.itIlniw,IIr opment Commission in Hillsborough regarding TYHA'a need for Ir,„r.,,i,rt,,wntf,l.�ntl,., a full revision of a request for financing the Triangle .n 1;,nYwlwtrn :4nnit c.o.,A.A. Community Activity Center (TCAC) . u•un,•.n s+knt • ,•,7in,+ Subsequently, we outlined a proposed Business Plan/Loan �r,raul,'IYirtt)<IrJ4lrtt «., Proposal and began gathering information from Mr. Dan Kidd, t,.�•r,fi+ad N,„,1,{.„„,1,.. President of TYHA. TYHA will be the borrower. xt I:h,�,t•I Iftll Ita,ry;L Itltl,71•tI+1 We visited the current Daniel Boone Ice Rink facility Ihd.I•a,.„:I, as part of this information gathering ii,ri i..,M1H1 4 g process. TYHA has (..p..Ft,,,�:t11,f, leased the Daniel Boone facility for ice related sports for the past two seasons. 1.,,n,'rillr&,art(Inih•t,i1,• I4nd,nk Siam•lturw•i•ity e(ol.46('nlftg. As information was provided, the Business Plan was ,;;1j:hill;,, , amended and augmented with copies being seen by Ted Aber- nathy and Dan Kidd on a regular basis for their comment and I'.r.ignfA'OIP, input. The current Business Plan is attached. I.1,1 I Audi„.Iulivcr,ii)• 01.,,p,,,, Also, a model 10 year cash flow projection has been N.■tf«siHrrl,r.rn,n developed allowing variations in cumulative 4 income and ,,I'.■hrdt t,Ip.,taw(udv r,itf expenses. rt was assumed that a $6.7 million loan over 10 Ilr,dn,,(,,, years @ 04 would be required. !,,„II,,,.«..n,t,r,t<,•. Figures from TYHA assumptions of income and costs from ,.,n,r„.).1.1tionl,(,unlina thie Daniel Boone facility were the basis of these projec- V.,.,mr.., tions „�,, , amended where, appropriate by independent data. Eval- wticlAl r�,r�tA�t► uation of pool income was based on data provided by the PI►f u;kAMB Orange County Department of Parks and Recreation. IMIN t odmn.aJ%d,mdroy lnioiail°."`ont'1`I These projections demonstrate that even with 1% cumula- ,,.a,;nn.1164m,,.ImrI4It,.t tive income increase and 44 cumulative cost increase, fi- nancing the loan over 10 years at $1,016,473 per year is i Ftti1 75X11 I ICF f eas ibl ee• Pan 4 I NAtionit NenraR if Small 11u•mm[krwIpmerN Center• • An buer•t((tri•utlanri Pietism Billie UntirroiIr of Noah Camlu• FROM 02. 15. 1993 15: 11 pfd ? fJ. ' 1 I Mears. Dan Kidd and Ted Abernathy February 1.5, 1993 Page 2 The strategy adopted isc to treat the potential loan as a "PROJECT FINANCE." The implications are; (A) If projected income is conservative and matches existing experience; and/or (B) If expenses are accurate and possibly over-stated for future years; and (C) If Orange County support, at a level of $400,000 a year for ten years, is guaranteed, then the project will be self funding. The acceptability of the financial risk during the construction period is predicated on (A) The financial strength and prior experience of the contractors, (B) The assignment of contractor's Performance Bond; and (C) The underlying value of the land and freedom of the building's adaptation to other commercial use if neces- sary. A professional valuation would help in this last regard. our recommendation is that presentations, supported by the business plan, be made to interested lending institu- tions. It may be that a "syndicate" of Banks would want to lend in order to spread their individual tlapusure. In eucn event it will be necessary to identify the Agent Bank and Lead Bank (which could be the same institution . At that time, the UNC-sBTDC will be pleased to work with them in producing a detailed information memorandum. ***EMU*** TRIANGLE COMMUNITY ACTIVITY CENTER BUSINESS PLAN prepared by Barry Phillips, Business Counselor North Carolina Small Business and Technology Development Center February 1993 0-- TRIANGLE COMMUNITY ACTIVITY CENTER EXECUTIVE SUMMARY BORROWER The borrower and operator of the TCAC will be the Triangle Youth Hockey Association (TYHA) , a non-profit, NC corporation. It has been in existence since 1981 and for the last 2 winters has leased and operated the Ice hockey rink at the Daniel Boone Center in Hillsborough. SERVICE PROVIDED. The proposed TCAC will be located at Meadowlands on Hwy70 Business east of Hillsborough. It will have under one roof, a full sized Ice Rink, an Olympic sized swimming pool and communual rooms and equipment to provide fitness classes and areas for local clubs and societies to meet. THE MARKET TCAC is expected to become a focal point for Orange county activi- ties as well as attracting a wider based patronage for its sporting facilities. The Ice Rink at Daniel Boone will be taken out of service permanently and the winter season activities of TYHA have shown a demonstrable need by a wide range of the public for a rink in the Orange county location. The Orange County Board of Commissioners have committed an initial amount of funding for the construction of a public swimming pool facility in the county's 92-97 Capital Improvements Plan. THE COMPETITION Other Ice rinks in the market area are located in Raleigh, Cary and Greensboro. TYHA has already proved itself competitive while opening on a 6 months basis. The assumptions used by TCAC are that year round opening will increase the support by a.factor of some 25% over extrapo- lated 1992/3 usages. In Chapel Hill there are 2 public pools (1 year-round; 1 seasonal) but none elsewhere in the county. Research of faclities in Durham and Raleigh show the levels of usage and admissions that can expect to be popular with the public. Nationally accepted and locally adopted facility standards call for the construction of two additional public swimming pools in Orange County. THE MARKETING STRATEGY A broad range of established mechanisms involving the Press, Television and local events will be used to bring the new facilities to the public 's attention. FACILITIES The 90, 000 sq. ft. facility will include a 180 'x 75 ' pool, a 200 'x 85 ' Ice Rink, a fitness center, a multipurpose activity center, a community sports shop, a snack bar as well a range of offices changing rooms reception area etc. The main contractor is McDevitt Street Bovis who have also contracted to build a number of the sporting facilities in Atlanta for the 1998 Olympic Games. Cimco Lock Refridgeration, the Subcontractor for the Ice Rink, is the major company specializing in this field in Canada and USA. MANAGEMENT The TYHA has brought together an impressive management team which includes a combination of professional, semi-professional and volunteer coaches and helpers. They have also built a team of professional advisors to support their Board of Directors. FINANCIAL INFORMATION TYHA will need to finance $6.7 million. Detailed projections of revenues and expenses over the 10. year life of the required loan have been made to support the viability of the project. A model has been designed to allow the effects of varying rates of inflation in both revenue and expenses to be tested. A matrix of financing costs has also been designed to cover borrowing between $6.7 and $7 million and fixed rates from 5. 5% to 10%. Based on an informal survey of leading Banks in the region a rate of 9% fixed has been shown in the projection. Typically for a Project Finance concept, evaluation of the proposal has been based on the two major income streams (Rink and Pool revenues) plus the extent to which county funds can be guaranteed over the lifetime of the loan. A county guarantee to make monthly payments equivalent to $400, 000 a year for 10 years is sufficient to validate the cash flow and should make the deal "bankable" . Less emphasis is placed on the nature and value of underlying asset that the money will be used to build although it is relevant that if, for any reason, the facility could not pay its way in its intended usage, there would still be a 90, 000 sq.ft building on 16.8 commercial acres in a well located business park. A lender would certainly take such evaluation into reckoning as well as the benefit of the main contractor's performance bond during the construction stage. The projection makes the very conservative assumption that cumula- tive revenue increases would be kept to 1% (year on year) whilst costs would rise at a rate of 4% (year on year) . TRIANGLE COMMUNITY ACTIVITY CENTER (TCAC) TABLE OF CONTENTS 1. 0 Background Information on TYHA 1 1. 1 Purpose 1 1.2 Tax status 1 1. 3 Book-keeping 1 1.4 Borrowing powers 2 1.5 Attorneys 2 1. 6 Board of Directors 2 1. 7 Insurance 1.8 Operations 2 1. 9 Project team 3 3 2. 0 Service Provided 4 2 . 1 Community role 4 2.2 . 1 Indoor Olympic size Swimming Pool 4 2 . 2 .2 200 ' x 85 ' Ice Rink _ 4 2 .2 . 3 Multipurpose activity center . 5 2. 2 . 4 Fitness Center 5 2 .2 . 5 Changing room and Officials room 5 2. 2 . 6 Offices, restrooms maintenance areas 5 2 . 2 .7 Banquet room & snack bar 5 2 .2 . 8 Community sports shop 5 2 . 2 . 9 Separate climatic zones 6 3 . 0 The Market 3 . 1 TYHA memberships 6 3 . 2 Surveys 6 3 . 3 Hog Day Survey 6 3 .4 Other occupants of Meadowlands 7 7 4 . 0 The Competition 7 4 . 1 Within Orange county 7 4 .2 Other pools in the county 7 4 . 3 Competing Ice rinks 7 4 . 3 . 1 Comparative Rink pricing structures 8 4 .3 .2 Comparative Pool pricing structures 8 4 . 4 Competing pool facilities 8 5. 0 Marketing Strategy 8 5. 1 Planned advertising 8 6. 0 The Facilities 9 6. 1 Location 6. 2 Physical facilities 9 6.2 . 1. General description 0 10 6 . 2 . 2 Olympic sized Swimming Pool 10 6.2 . 3 Ice Rink 10 6.2 .4 Fitness Center 11 6. 2 . 5 Snack Bar 11 PA F.-== 6.2 . 6 Video Arcade Room 11 6.2 . 7 Conference Rooms 11 6. 2 . 8 Lobby Area 11 6.2 . 9 Store/Pro. shop 11 6.2 . 10 Maintenance area 11 7. 0 The Management 11 7. 1. 1 The Facility Manager 11 7. 1. 2 Reporting organization 12 7. 1. 3 Staffing requirements 12 7. 1.4 Professional and volunteer staff 12 7. 1. 5 Mary Jo Bullin 12 7. 1. 6 John D'Amelio 12 7. 1. 7 Stephen Melville 12 7. 1. 8 Kevin Elvin 12 7. 1. 9 Susie Mounce 13 7 . 1. 10 . Yvette Montgomery 13 7 . 1. 11 Mary Anne Sturey 13 7. 1. 12 Karen Thorne 13 7. 1. 13 Potential for handicapped sta 13 7 . 2 Organization chart • 13 7. 3 Existing contracts 13 8 . 0 Financial Information 13 8 . 1 Supporting Organizations . 13 8. 1. 1 Government agencies 13 8. 1. 2 Civic Groups 13 8 . 1. 3 Social Groups 14 8. 2 Financial support received to date 14 8.3 Donations in kind 14 8. 3 . 1 Listing of donations in kind 14 8. 3 . 2 Conditional support 14 8 . 3 . 3 Additional TYHA support 14 8.4 Cash Flow Projections 15 8.4. 1 Basis of CFP 15 8 .4 .2 Explanatory notes on Rink Income and expenses 15 ' 8.4. 3 Cost of servicing debt during construction period 15 8.5 Capital costs and quotations , - 15 8.5. 1 Land cost 15 8.5.2 McDevitt Street and Bovis 15 8. 5. 3 Cimco-Lewis Refrigeration 15 8 . 5.4 Pool sub - contractor 16 8 .5.5 Fitness center 16 8. 5. 6 Architectural fees 16 8 .5. 7 Salary structure 16 8 . 6 Independent valuation 16 8. 7 County Guarantee 16 8 .8 Collateral available to lenders 16 8. 8. 1 Assigned Performance Bonds 16 8 .8. 2 Deed of Trust over Land and Property 16 8 . 8. 3 Assignment over County funds 16 8. 9 Capital items budgeted. 17 if List of Appendices [1] 10 Years Cash Flow Projections [2] By-Laws of TYHA (3) Board members of TYHA [4) Insurance coverage schedule [5] List of Ice Hockey Clubs [6] Picture of comparable Ice Rink [7] Map of area [8] Meadowslands brochure [9] Plans of the TCAC [10] RSH brochure [11] Resume of John Murray [12] Resume -of Linda Jacob [13] Resume of Mary Bullen [14] Organization Chart [15] Pool schedules and income projections [16] Financial footnotes to support Ice Rink projections (17) McDevitt Street Bovis brochure [18] Cimco-Lock Refrigeration brochure • pAlc G „ , . 1 TRIANGLE COMMUNITY ACTIVITY CENTER (TCAC) BUSINESS PLAN 1. 0 BACKGROUND INFORMATION ON TYHA. 1. 1 The purpose of The Triangle Youth Hockey Association, Inc (TYHA) which will be the owner of the TCAC, is as follows:- TYHA is organized to :- * (1) provide and administer a program of ice hockey instruction and competition for children and youth of the Triangle and Piedmont areas of North Carolina; * (2) provide, organize and administer adult hockey programs; C, * (3) organize and administer figure skating and pleasure skating for the surrounding communities; * (4) to provide and administer youth and adult activity programs designed at the educational and recreational level; * (5) provide and administer events and general activities that foster community spirit and expand the social fabric of the community it serves; * (6) provide an environment for training or educational programs as identified such as swimming and fitness. 1.2 . Tax Status. 1.2 . 1 TYHA Inc is a non-profit corporation given an exempt status by the State of North Carolina Department of Revenue in a letter dated September 22nd 1981. It qualifies for exemption under sections 105-125 and 105-130. 11, respectively, of the General Statutes of North Carolina as a bona fide non-profit, educational organization. 1. 2 .2 The corporation is organized under section 501 (c) (3) and 501(c) (4) of the United States Internal Revenue Code and has a Tax Number 58-1402995. 1. 3 Book-keeping To-date the organization has compiled its own book-keeping records, but it recognises that it will need to link with a qualified CPA to review and audit its records and it will identify such a firm and work with them to ensure its records are correctly structured and will provide the necessary daily, weekly, monthly, quarterly and annual management reports from which to monitor its budget projections. It currently produces a yearly financial report as required by its by- laws for TYHA and the Mid-Atlantic Hockey League (MAHL) 7 2 1.4 Borrowing powers. Appendix [2] attached is a copy of the current By-laws of the Association. These were reviewed by Moore, Van Allen to ensure that the Association has the power to borrow money and enter into necessary deeds of trust and agreements with lenders. Article 2 . 3 of the Bylaws of TYHA covers these powers. 1. 5 Attorneys. Moore , Van Allen (Beverley Webb and Jamie Clarke) 2200, West Main Street, Suite 800 Durham N.C. 27705. 1. 6 Board of Directors The Board of TYHA presently has 13 positions but it is intended to increase these to approximately 16, 12 will be from TYHA and its various divisions including Youth Hockey, Figure skating, Swim Groups, and Adult programs. 1 member designated by Orange County (this individ- ual would likely come from the public sector such as a member of the Parks and Recrearion Advisory Council) . 1 member from each of Hillsb- orough and Chapel Hill. 1 member from the financing institution with legal and auditing support a further possibilty. Please see the attached Appendix [3] for a listing of the present Board of TYHA. Membership of the board is structured so that half come up for re- election each year. This provides the necessary program & management continuity. 1. 7 Insurance 1. 7 . 1 TYHA uses the Home Insurance Agency of 318 Holland Street Mall , P.O.Box 1887 Durham N.C. 27702 as general Agent for its insurance needs. Appendix [4] attached shows a complete listing of the present insurance coverage, the Insurance companies being used and the premia charged. 1.7 . 2 Participation in the Group policies taken out by the USA Hockey Association and the ISIA Figure Skating Association. This participation is achieved by payment of $15 per person for the USAHA and $125 payment to ISAI. 1. 7 . 3 TYHA have obtained a quotation from Hartgord Steam Boiler and Inspection Company that would cover property damage of $100,000; Business interuption of $ 360, 000 and extra expense of $ 179, 000. There wpuld be deductibles on A/C equipment of $5, 000 and $1, 000 on all other categories. Annual premium would be $ 1, 013 . 3 1.8 Operations of TYHA Since 1991 TYHA has been operating from the Ice Rink at the Daniel Boone Center and running programs making ice-time available to teams/organisations and the public. Surplus income generated has been earmarked for the TCAC project and it is anticipated that it will amount to $10, 000. The experience gained has made it possible to project the Rink income levels shown the 10 year Cash Flow Projection (CFPs) ( see Appendices [1] ) 1.9 Project Team 1.9. 1 In an effort to ensure project success, a select team of professionals representing every aspect of the project has been asssembled. The purpose of the group is to:- * Identify all project milestones, requirements, "roadblocks" etc. , and provide and implement solutions to ensure that the project keeps on its critical path and that it meets the technical require- ments as per all codes, by-laws etc. , * Provide the technical expertise as input to the project to ensure all aspects of the facility construction, design etc. , are met. * Ensure the project meets the budget objectives. * Ensure that all aspects of the facility meet public needs. * Develop community center awareness in the communities it will serve. * Ensure that total project continuity exists during construction. * Ensure financial responsibilties are met. 1.9. 2 The current Project Team Members are:- * Mark Valand VP RS&H Architects * Bill Baker VP McDevitt Street & Bovis * Mike Hampton VP Div.Mgr. McDevitt Street & Bovis * George Horton & Todd Zapolski Owners: Meadowlands. * Ted Abernathy Director OCEDC * John Link Orange County Manager * Jim Gray Chairman;Orange County Parks & Recreation * Mary Anne Moore Director Orange County Parks & Recreation * Bob Jones Orange County Parks & Recreation * Frank Hartig Orange County Parks & Recreation * Dan Parks & Barry Phillips Director & Business Councellor SBTDC * Jack Trabucco New Bern Pools * Monti Smith VP Touchstone Financial * Colin Williamson Cimco Lewis Ice Facility * Dan Kidd President TYHA, CEO TCAC * Ken Williams VP Finance TYHA * Brick Brown VP Wachovia Bank rill 4 2 SERVICE PROVIDED. 2 . 1 Community role. TCAC will provide a host of athletic and communual facilities and services under one roof and it should become a focal point for the Orange County/Chapel Hill/Hillsborough communities as well as being a substantial magnet to NC citizens from Orange, Durham, Allamance (including the City of Burlington) and parts of Wake counties. It will replace the Daniel Boone Ice Rink (which will be taken out of service) as the location of league games for youths and adults in the North Carolina leagues. (see Appendix [5] for a list of participating clubs) 2 . 2 Services available at planned TCAC 2 .2 . 1 Indoor Olympic swimming pool; The pool will be designed and scheduled to be used by Orange County citizens of all ages and ability levels. Scheduled activities will range from educational/training to wellness/therapeutic to recreation- al/social. Orange county Schools will have an ideally situated pool to utilize for physical education and swim team use. Chapel Hill-Carrboro schools will also be offered scheduled time for similar use. Specific activities offered to the public will include aquacise/water proficiency, life-guard training, open swim forall ages/families, and free swim time available at no charge. The pool will be designed for recreational and water safety training use but will also accomodate competitive meets for high school age and younger. The pool will be designed for easy wheelchair and walk-in entry to accomodate those with limited mobility. There will be seating for approximately 400 people at the pool on concrete seats. The pool area will be separated from the remainder of . the building by floor to ceiling walling, of which that adjacent to the cafeteria will be constructed of safety glass. 2 . 2 . 2 200 ' x 85 ' Ice Rink The rink will be scheduled to allow set times for public skating, figure skating and Ice hockey. Skates will be available for hire and private lessons, school skating groups, skating parties and miscella- neous skating events will augment usage and income. There will be seating for 410 spectators on one side of the rink and space for a further 500 standing spectators. The rink area will be separated from the remainder of the building by a floor to ceiling wall which will be constrcted of safety glass adjacent to the cafeteria area so that people can enjoy a meal similtaneously with the sporting event. Appendix [6] attached is a photograph of a similar sized rink. • 5 All the general public areas will be accessible to disabled vehicles and the rink seating has been designed so that people in wheelchairs will be located amongst the other seats about mid-rink. 2 . 2 . 3 Multipurpose activity center In keeping with the "Community" aspect of organisation, areas separate from the rink and pool have been designed to allow maximum flexibility of usage so that community organisations can hire meeting rooms etc for their use. The Center will also be available for educa- tional/business/ medical activities such as Adult Education classes, Dance/ballet classes, school athletics programs and training, and rehabilitation/physical therapy. It should be possible to extend usage to include flea markets, a community recycling center, social events, Day-care and Summer camp programs. 2 . 2 . 4 Fitness center This will have an area for arobics, weight lifting, general fitness (e.g. Treadmill, stair step etc. , ) at an estimated cost of $25, 000. 2. 2 . 5 Changing rooms and officials room. - There will be 4 mens and 1 womens changing rooms for the rink, 1 mens and 1 womens changing room for the pool, and one changing room attached to the "referees room" . 2 . 2 . 6 Office etc, Restrooms, maintenance areas. The center will have an engineering maintenance area, restrooms available to the public and an office from which the center staff will co-ordinate their services. In this office will be the controls for the center's sound system, lighting , heating and cooling systems. The building will be equipped with fire alarms, and a fire sprinkler system. The pool administration office will incorporate a first-aid base and a bathroom so that officials on duty can stay in close supervision at all times. 2 . 2 .7 Banquet room and snack bar. The snack bar will operate during most hours that the center is open. A "warming kitchen" will support outside-catered events such as parties, dinners, mini-conventions etc. 2 . 2 . 8 Community sports shop. This will initially stock ice hockey equipment but will be expanded to cover a range of specialist equipment relevant to the sporting activities that the center will host. Profit from this activity will be used to subsidize equipment used at the center and provide sports equipment for disadvantaged children and youths. 6 2 .2 .9 The design of the facility incorporated the need to establish four different climatic zones; the rink, the pool, the communual areas and the electrical control room. 3 THE MARKET. 3 . 1 Present paid family memberships in TYHA total 315; 125 for the Youth Hockey, 120 for the Figure Skating and 70 for the Adult Program. Traditionally the membership rises as the season progresses. 3 .2 From surveys completed by families who have used the Ice rink at Daniel Boone Center over the last year, TYHA has compiled a mailing list of people who expressed interest in using the proposed TCAC facility. An analysis of this list shows the following geographical breakdown- Chapel Hill 122 Durham 113 Hillsborough 74 Greensboro 43 Raleigh 32 Cary 18 Carrboro 17 Winston Salem 11 • Other NC locations 92 Viginia locations 6 Total 528 3 . 3 Hog Day Survey TYHA conducted a survey of the public attending the Hog Day Celebrations this summer in order to determine :- * the interest and support for TCAC * The geographical attendance possibilites and percentage distribution of users of the facilities. * the program support interest including swimming, skating, fitness activities etc. , * the size of the user group baswed on family size information. * the level of volunteer support in the community. The results of the survey were as follows: - (1) The number of responses were 1, 607. (2) Geographical breakdown * Hillsborough 533 * Durham 300 * Chapel Hill 291 * Cedar Grove,Mebane,Efland, Walnut Grove,Prospect Hill etc 323 F41 // - de 7 * Communities outside immediate area (Cary;Burlington,Raleigh Pittsboro etc. , ) 145 * others 15 (3) Approximately 5% of those responding indicated a willingness to volunteer their services. (4) A positive response to the concept of a wide range of services and facities being available under one roof. 3 . 4 Based on the expected occupancy of the other sections of the Park, it is predicted that some 2, 000 people will be working/resident there. 4 THE COMPETITION. 4 . 1 The facility is designed to be a Community Center for Orange County and there is no other facility of its type in the county or the rural areas surrounding Orange County (e.g.Allamance County) . 4. 2 Except for some private clubs in Chapel Hill, the YMCAs in Chapel Hill and Durham, and the overcrowded facility in Chapel Hill. , there are no other public pools in the immediate area. Orange County is below the suggested ratio of one pool per 25, 000 residents and has to utilize private pools in season for existing recreation programs. 4. 3 Competing ice rinks in the area are: - * The Ice House in Raleigh - privately owned. * Dorton Arena serving Raleigh and Cary. * the Greensboro facility - city owned. None of these facilties provide the same total program offering and both Dorton and Greensboro facilities are aimed at a different audience and set of programs. 4 . 3 . 1 Competitive Summary for pricing -Ice Rinks facilities. Item Daniel Cary Ice Boone House Raleigh TYHA * RYHA * (1) Youth Hockey Practice games & MAHL tournament Ages 4 - 9 $225 $600 Ages 10 - 18 $350 $600 (2) Public skating - youths $3 $3 Public skating - adults $4 $4 (3) Ice Rental $125 $165 (4) Skate rental $1. 50 (5) Mens Hockey (6 months) $270 $330 30 (6) Novice Hockey (per session) $9 $12 (7) Pick-up Hockey (per session) - $9 $10 J/LL 8 (8) Figure skating (per session) $5 $5. 50 (9) Figure Skating walk-on fee $6 $6 Youth Program DISCOUNTS (10) 2nd Child Hockey $50 $10 (11) 3rd Child $100 $10 (12) 4th Child FREE $10 Figure Skating DISCOUNTS (13) For 20 sessions 10% none (14) For 30 sessions 10% 10% * These figures represent the cost to the members (and/or) the public for the participation in the described sessions and clearly shows that the TYHA offers an extremely competive range of facilities. TCAC will be charging users fees based on Ice time allocation. The financial risks or benefits will accrue to TYHA and will be reflected in the funds available to subsidize youth activities for the community. 4.4 Competing Pool Facilities The only other pools in the area available to the public are the town operated pools and the YMCA in Chapel Hill. There is an over demand for these facilities. 4. 3 . 2 Competitive Summary for Pool Facilities Item TCAC Raleigh proposed YMCA non-membr. (1) Parent /child classes $30/m $37/m (2) Preschool classes $27/m $43/m (3) Youth Classes $27/m $40/m (4) Adult Classes $30/m $45/m (5) Aquatic Fitness; water exercise $30/m (6) Lap swimming. adult $2/session (7) Lap swimming. Senior $1.50/session (8) Lap swimming. child $1/session (9) Open swimming.adult $1. 75/session (10) Open swimming.Senior $1. 50/session (11)Open swimming. child $1. 00/session (12) Senior swim $1. 25/session (13)Adult Scuba classes $30/m (14) Special Olympics no charge (15)Water=robics $3 . 00/session 5 MARKETING STRATEGY 5. 1 Advertising planned includes the following: - * Public television; non-profit public service announcements. • P/9/7- cY&V/93 9 * Handout package for distribution by mail, location deployment in real estate offices, welcome wagon services, service groups and schools. * Radio public service annoucements and paid advertising. * Newspaper public service and paid advertisements. * Special fund raising events of assorted types led by full time fund raising organisation. * Attendance at civic events such as Hog Day. , local fall fairs, parades etc. , 6 FACILITIES 6. 1 Location The TCAC will be located in the Meadowlands development north of the junction of US 86, and 185, south of US 70E about 1 mile east of Hillsborough (see Appendix [7] for a map of the area and Appendix t8] for a copy of the Meadowlands brochure) . it is approximately 15 minutes drive from downtown Durham, and 15 minutes from Chapel Hill, 15 minutes from Burlington, 40 minutes from Raleigh, and 30 minutes from Cary (see the attached map of the area Appendix [7] ) . It will consist of a 90, 000 sq. ft building set in 16.8 acres which includes a 5 acre lake and a running/fitness trail. The facility has been designed by RS&H Archi- tects Engineers Planners Inc of Winston Salem. (see Appendix [9] for plan of facility and Appendix [10] for a brochure on RS&H) . 6.2 Physical facilities. The facility will include:- * 180 ' x 75 ' Swimming Pool * 200 ' x 85 ' Ice Rink * Multipurpose activity center * Fitness center * 7 sports-equipped changing rooms. * General meeting/activity rooms. * Office, Restrooms, maintenance areas. * Facility sound system and control room * Banquet room facilities. * Community sports shop. * Snack bar. * Official 's room. . ., .0 .. 01-11 10 6.2 . 1. General Description The 90, 000 sq.ft. fire protected building will be of brick and stylized steel siding construction using concrete blocks and steel beams. It will have paved parking areas for 375 vehicles, an outside fitness trail with exercise stations, a basketball area, landscaped park areas and shelters. The lake area will have a beach type access. There will be total night light protection, emergency phone access, light sensors areas. The building will be partitioned with interior walls and airflow will be controlled so as to minimize the potential corrosive effects of having hostile chemical elements emanating from such areas as the pool and the rink. 6. 2 .2 . Olympic-sized Swimming Pool The Olympic size pool will have adult Mens & womens ' changing rooms and tiled showers, womens' privacy tiled showers and changing stalls; vanity areas; rental lockers; privacy entrances and bathrooms. The men's changing facilities can accomodate 190 and the Women's facility can accomodate 130. The staff room will be equipped with a bathroom and first aid area. There will be equipment storage areas, seating for approximately 400 in the stands, drains for easy cleaning of all areas, painted concrete walls, pool motion sensors during non program use, fire protection by alarm, sprinkler and P/A system, equipment room for the pool plant, and an indirect lighting system for non-glare. The pool and equipment will meet all state codes and regulations, there will be no diving facilities, there will be disabled access to all areas and the pool, tile racing markers and lane dividers, first aid center and accessories, racing stands, de-humidification equipment and a full environmental control system. 6. 2 . 3 . Ice Rink The 200 ' x 85 ' ice rink will have safety boards and safety glass, a sports score board, 2 Zamboni machines, a Zamboni and maintenance room with a snow well for ice disipation, an ammonia based/glycol alcohol system, 4 changing rooms with tiled showers and bathrooms, a ladies changing room and bathroom/shower, an officials room with bathroom/shower, first aid station, seating for 410 in the stands withaccess to the disabled, painted concrete block walls, a broadcast- ing facility with music facility, storage areas, a skate sharpening room, a skate rental storage area with skates for rent, protected indirect lighting and full fire protection, an observation restaurant area, and an ice plant room with alarms and safety equipment. All areas will be environmentally controlled, the subsoil beneath the rink will be heated to avoid frost damage, there will be team benches, penalty boxes and a scorers box. 0-46193 11 6. 2 . 4 Fitness Center This will be equipped with an aerobics area, weight training equipment, physical therapy, equipment, hardwood & carpet areas, observation mirrors, painted concrete block, staff areas, secondary access and a locker area shared with the pool. 6.2 .5. Snack Bar This will include a seating area, a storage area and serving counter. It will not have cooking facilities, only warming facilities. It will have rubber mat floors, vending machines and it will be located close to the bathrooms. 6. 2 . 6 . Video Arcade Room This will be a full observation area from the management area, it will be constructed of sound absorbent materials and have rubber mat floors. 6. 2 .7 . Conference Rooms This will consist of a single large room with portable partitioning walls of sound absorbent materials. It will be equipped with an Audio/Visual room, it will be accessible to the warming kitchen, have storage area for tables and chairs. A secondary use as a dormitory for Camp activities has been allowed for; the area has tile flooring, windows and secondary access. 6. 2 .8 . Lobby Area This will include the Managers offices, an area with rental lockers, benches and trophy cases. There will be a bank vault facility, an alarm panel centralization, an announcement area, an artificial fire place and have rubber mat flooring. The overall design allows for total hallway observation. 6.2 . 9. Store/Pro Shop. This will have a storage area, counter space and display areas and it will have rubber mat flooring. It will house the sales material for the sports equipment to be sold. 6. 2 . 10. Maintenance Areas These include the janitorial supplies, a floor sink and tub drains, a storage area for lights and other supplies and a mechanics room. 7 . MANAGEMENT 7. 1. 1 The Facility Manager will be Mr John Murray who was hired in October 1992 . His resume is attached (Appendix [11] ) . The Assistant Manager was also hired in October. Her name is Linda Jacob and her resume is attached (Appendix [12] ) . ) .r__ 12 7 . 1.2 There will be two reporting organizations headed by the Program Director and the Facility Manager; a general secretary function may be added to support the Assistant Manager at a later date. 7. 1. 3 Both organisations will have their own staff consisting of part-time, full time and volunteer employees. Due to the nature of the project, and its relationship with both county and municipality Parks and Recreational groups, there would also be the need for a tight communications linkage in terms of programs and scheduling. 7 . 1.4 Staff will be made up of qualified professionals in the area of permanent management positions, instructors such as coaches, accounting resources etc. , with supplements from school business programs both at. high school and university levels. The total estimated staff is approximately 30 to 35 with approximately 15 to 20 volunteers. 7 . 1.5 The Figure Skating Director will be Mary Jo Bullin whose resume is attached as appendix [13] but is summarized below. * U.S. F. S.A Triple Gold Medalist in Figures & Freestyle. * U.S.F.S.A Gold medalist in Dance & Free Dance. * Two International Dances passed. * U. S. F.S.A Silver medalist in Pairs. * Canadian Gold medalist in Dance. * 1 year understudy with "Holiday on Ice" * Extensive background in off-ice balance & movement. * 13 years reaching experience. 7. 1. 6 Instructor John D'Amelio * U.S.F.S.A Double Gold & International medalist in dance. * U.S. International Skating Team 1984-1986 * U. S. National Competitor 1983-1987 * U. S. Olympic Festival 1985 * U.S. Silver Medalist 1984 * 5 years teaching experience. 7. 1. 7 Instructor Stephen Melville * P.S.G.A Snr rated, figure and freestyle. * 3 years Men's Champion South Africa. * 2 years as solo performer in "Holiday on Ice" , Europe. * 13 years professional experience 7 . 1. 8 Amateur helper Kevin Elvin. * U.S.F.S.A. figure 4, intermediate freestyle, siver freedance 2 gold dances, bronze pairs etc. * U. S.F.S.A. junior dance Regional & Sectional competitions. pAr ' / 1/ 1 _ 13 7. 1. 9 Amateur/Pro Susie Mounce * U. S.F.S.A. Figure 4, novice freestyle, pre-gold dances, silver freedance, 2 gold dances. * U.S.F. S.A. Regional intermediate ladies competitions * U. S.F.S.A. Regional & Sectional Competitions in Junior Dance 7. 1. 10 Coach Yvette Montgomery * I.S. I.A. Freestyle 5, figures 3, dances 4, dance 2 * I.S. I.A. winner of several I.S.I.A. competitions * 2 summers training with Robert Unger in Knoxville * 4 years teaching experience 7 . 1. 11 Coach Mary Anne Sturey * U.S.F.S.A. figure 6 & freestyle * U.S.F. S.A. bronze dances. * 5 years teaching group & private lessons * Special education teacher to 6th grade students 7. 1. 12 Coach Karen Thorne • * I.S. I.A. freesyle 4 • * I.S. I.A. winner of several I.S.I.A. competitions. * 2 years teaching experience. * Batchelors degree in Music 7 . 1. 13 TYHA recognizes this opportunity to hire some handicapped staff. The detailed assessment will need to balance the job require- ments and the safety of the individuals and public. 7. 2 An organisation chart is attached (Appendix (14) ) showing the responsibilties and reporting "lines" for the organisation. 7 . 3 There are contracts in place with the ice maintenance personel and the Figure Skating Director. 8 FINANCIAL INFORMATION 8 . 1 SUPPORTING ORGANISATIONS 8. 1. 1 Government agencies. * North Carolina State Parks and Recreation Department * Orange County Parks & Recreation. * the Town of Hillsborough 8 . 1.2 Civic Groups * Hillsborough Chamber of Commerce * Jaycees, Kiwanis, Lions and Rotary Clubs Piel 'ci/ °s 14 8 . 1. 3 Social Groups * Duke University Hockey Club * UNC Hockey Club * Triangle Youth Hockey Association * Triangle Figure Skating Club * Greensboro Figure Skating Club * Men's Hockey Association. 8.2 Financial support received to date. In 1991/2 , TYHA Inc has received cash donations totalling $25, 700 as follows:- Kennan Oil Foundation 1, 000 TYHA members 12 , 000 TYHA Inc 10, 000 Individual members of TYHA 2 , 150 Alois Calleyman Surveyors 1, 150 Hechingers 50 8 . 3 Donations in kind. 8 . 3 . 1. It has also received donations in kind (facilities, services etc) as follows and totalling $ 236, 200: - Pepsi Corp (towards Zamboni) 500 City of Winston Salem (Compressor & ice rink glass) 125, 000 Northern Telecom Community Center Cooling Tower 70, 000 & Furniture/office supplies 12, 000 & Fire Alarm control panel 25, 000 & Transportation costs re above 1, 200 8 . 3 . 2 Conditional support In addition, it has donations under consideration pending approval of the building and confirmation that commercial funding is available. Pepsi Corp (towards Zamboni) 2 ,500 The Energy Commission 100, 000 Anonymous Foundation Grants 125, 000 Future sharing in Meadowlands land sales @ 1, 000 per acre (max) 50, 000 Donation of Grader, back-hoe etc & Discounted cost of grading site 20, 000 Kenan Oil 2, 000 8 . 3 . 3 Additional TYHA support. 1992 season operational income from Daniel Boone rink 50, 000 y 15 8.4 Cash Flow Projections 8 .4 . 1. Using the starting point of the revenue and expense records of TYHA and estimates on Pool revenue (see Appendix [15] attached) , Cash Flow Projections [CFP] for ten years have been developed which allow cumulative increases/decreases in income and costs to be evaluated. ( Appendix [1] is based on cumulative i.e year-on-year growth in income of 1. 00% and cumulative growth of costs of 4 . 00% This over cautious scenario has been chosen to emphasize the flexibilty that exists in the financial budgeting. It also assumes a 10 year borrowing of $6,700, 000 at a fixed rate of 9%. ) 8 . 4 . 2 Appendix [16] provides explanatory notes on the Rink income categories and levels in comparison with the extrapolated "full year" 1992/3 revenue generated by TYHA at the Daniel Boone location. It should be appreciated that, at present, the TYHA only operates the Daniel Boone Rink for 6 months a year and the "full year" figures are an extrapolation from the October 1992 to January 1993 actual figures. TYHA will continue to operate at Daniel Boone until the facilty is ready for occupancy and so generate additional revenue. 8.4. 3 The cost of servicing Bank lending during the construction period has been estimated as approximately $300, 000, assuming • a relatively even drawdown against the loan facilty to meet the construc- tion contract terms. TYHA will meet this from current years revenue, fund raising activities and any difference in final capital expenditure vs loan amount sought. (see 8.9 below) 8. 5 Capital costs and quotations 8. 5. 1. Land cost The land will cost $450, 000. A deposits of $250 has been paid, the balance $ 449, 750 is due by March 1993 . 8 . 5. 2 McDevitt Street Bovis will be the main contractors and a comprehensive information profile on this prestigious firm is attached (Appendix [17] ) . Their quote totals $6, 060, 417, and includes the provision of a Performance Bond. The bid is inclusive of the cost of the Rink (see details of the subcontractor below) and the Pool but it should be noted that there are possible architectural refinements to the pool area to improve acoustics that have yet to be costed. 8. 5. 3 Cimco-Lewis Refrigeration, part of Toromont Industries Ltd will supply and install the kink equipment. Cimco Model MAP- o, 1 shell and water cooled condenser,waste heat recovery unit, cold brine headers and warm brine headers, 6, 000 ft sub- floor polyethylene heating pipes, 60, 000 ft freefing floor pipes, pipe chairs, refrigerantnad brine charge, 2 Cimco "Humicon" dehumidifiers. (Appendix [18] is a brochure on Cimco-Lewis Refrigeration) 1.' 16 8. 5.4 A pool sub-contractor with past experience of building and equiping the size and type of pool specified will be identified by the main contractor. 8. 5. 5 Fitness Center The main contractor quotes $ 25, 000 for equiping this area 8 .5. 6 Architectural Fees These have been established as $ 336, 500 of which $10, 000 has already been paid. 8.5. 7 Salary structure See attached schedule (Appendix [14) ) showing intial salary/staff costs of $ 179, 000 p.a. 8 . 6 Independent valuation of the Center The lender may wish to obtain an independent valuation from a reputable specialist to support what the complex should valued at , when complete and fully installed. It should be apparent that notwith- standing the specialized nature of the building, it is basically a 90, 000sq ft structure situated on a prime business location and could be adapted to other commercial uses. From a collateral aspect, this inherent alternative usage creates very real value. 8. 7 County guarantee. The "county income" stream of $400, 000 that is contemplated will be documented to satify it becomes a budgeted undertaking on Orange County for the 10 year duration of the anticipated loan. 8.8 Collateral available to lenders 8 .8. 1 Assigned Performance Bond The contractor's performance bond :will be assigned to a lender. 8 . 8 . 2 - Deed of Trust over Land and Property The lending institution will have the benefit of a Deed of Trust over the acreage and buildings theron. See also 8. 6 above. 8 . 8. 3 Assignment over State Funds of $400, 000 per annum committed by Orange County. 2 . , _ 17 ; 8 .9 Capital Items Budget Land 449, 750 Construction 6, 060, 467 Fitness Center equipment 25, 000 Architects fees etc 326,500 Legal fees ? Additional accoustic treatment ? Total 6,861, 717 + ?? Available funds (immediate) 75, 700 Conditional Funds 227, 500 Total 293, 200 Funding needed 6,568, 517 + ?? The assumption for the purpose of the Cash Flow projection is that there will a loan requirement of $6, 700, 000. Appendix 1 --4m > W >0 nCa Vl m -1ti-;m0.0,7 m-n p-4 NTOr O<M<(A w-O-t0=S'V-1.-. 0 M-1 o a C o O 3�D O b o o o-,b b ,7 r, 7 b b b X o 0 0'0 b m'1 O-•0 0 O o b ID ar n -.-.C -,I -.f. 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O+NV+ODAV+VVTW� K A W VI O V/ 0 + N r-+. N00 +++ m O+0A 0 0p0p N N++ WOA,O+4,0p0pp+ WNUAAP++A OOA N--w.OVIVNIT+WO-A++ mQ� j,p0p" VI. N+NOW q NOONNVIy0VIVIPOOVIOA0N0A OO'0'0 OO,NN+OVI+NPN4I..NVVIIWWWII.w-- 4-Vi-00AW W+N•OW • O O +_OOVWOONOONOONAO +OO VVO Ap00WQNPW+ WAPO�AVN P+ NNPAOQo moW NOW,OVN NNyy V 0,0N WO PPO v4 P �..W , WY P o oojOO+,OOVIOOV OOWVW OO,o+wv, ...-, Appendix 2 til-F /913 TRIANGLE YOUTH HOCKEY ASSOCIATION , INC . \,.,. BYLAWS OF 1990 Article 1 : Organization. The Triangle Youth Hockey Association (TYHA) is organized as a civic and educational non-profit corporation under the laws of North Carolinaand. 501 (2) (4) aof tax theexempt Uniitedorganization Internal1fRevenueeCode. Xt 5011 (c(c) (3)) operates in Hillsborough, North Carolina. Article 2: 1 Purpose. The Association is organized to: 1 ) provide and administer a program of ice hockey instruction and competition for the children and youth of the Triangle and Piedmont areas of North Carolina; 2) provide, organize and administer adult hockey programs; 3) organize and administer figure skating and pleasure skating for the surrounding communities; 4) to provide and administer youth and adult activity .programs designed at the educational and recreational level ; 5) provide and administer events and general activities that foster community spirit and expand the social fabric of the community it serves; 6) provide an environment for training or educational programs as identified. • Article 2: 2 Method of Operation. • The Association or its designated representatives shall provide 1 ) coaching a ' all levels for each event administered 2) provide the opportunity for all 'yers or participants to develop their ' skills and participate to the maximum extent possible 3) promote a concept of team play and fair play with active participation on an equal basis by all participants 4) foster a spirit of sportsmanship, honesty and conduct where fun, skill development and participation transcends winning and losing 5) create an, environment where regardless of race, creed, color, ability, age or sex, the individual is treated with respect with discrimination being considered contrary to the principles of TYHA. Article 2:3 Scope of Operation As per the Articles of Incorporation this association is entitled to buy, own or lease properties as per the operating rules of a non-profit organization. In the case where the association is required to hold a debt for its operations, such as a mortgage or direct loan, a vote of the Board will be required. A 2/3 majority vote is needed for approval of said action. • In all such cases all debt should be financed through a reputable organization,mentsh or grants, or adequate endorsementh flow such as or leases, payments cosigner leases, acknowledgement. The organization is further able to hire management level staff who are found necessary to operate or administer its programs, and pay such staff salaries fitting their work responsibilities. Hiring and dismissal of said staff will uire a 2/3 majority vote of the Board. • Page 1 TYHA Bylaws 1 , ; Reasonable effort should be made to run programs and facilities, under control of the Association, in a safe manner, however, no liability due to injury or resulting from use or participation in the facilities should be possible. For this reason the organization should always provide reasonable isurance for its Board members as a result of accident, etc . claims. TYHA, under these bylaws is authorized to run programs and facilities considered as a Community Center. This refers to a facility under the management and control of TYHA for the purpose of providing activities and programs that serve the general public. TYHA will also be able to run ancillary concessions or facilities in order to • raise funds to support the facility or program operations. All concessions proposed must have the approval of the board of TYHA as per a 2/3 majority vote. No member of TYHA may benefit directly from the above unless considered appropriate by a 2/3 majority vote or as per Article 5 sub article E. Article 3: AHAUS and MAHL Affiliation. The Association is fully sanctioned by the Amateur Hockey Association of the United States (AHAUS) , the governing body for amateur hockey in this country. The Association is also a charter member of the Mid-Atlantic Hockey League (MAHL) , an organization established to coordinate competitive youth hockey in North Carolina and Southern Virginia. The Association, its officers, both elected and appointed, its players, coaches, officials and parent members shall abide by all rules and regulations promulgated by AHAUS and MAHL relative to conduct of .hockey activities. Article 4: 1 Membership. All parents of registered players and coaches are embers of the Association and are entitled to attend the Annual Meeting of one Association or any meeting of the Board of Directors. Otheroindividuals • may be considered for membership on a case-by-case basis by Article 4: 2 Other groups may also be added or affiliated with TYHA as per a 2/3 majority vote of the Board of Directors. Such groups can include figure skaters, college or other educational level clubs or members of Government agencies. Each such TYHA approved group will be entitled to one seat as a Director at Large, and will be guided by the TYHA By-laws. (see Article 5) . It is recommended that such groups be classified as non-profit organizations. Unless later amended by the Board of TYHA the total number of directors at large will be limited to 9 (nine) . • Article 5: - Board of Directors. Governance of the Association shall be by a Board of Directors, composed of eleven (11) elected members and the immediate past president . The composition of the Board is as follows: President , Vice-President for Finance, Vice-President for Operations, Coaching and Instructional Director, Director of Publicity, Secretary, Treasurer, and four (4) Directors-at-Large and the immediate past president. Additionally, the Parent Representative of each active age division will serve as an ex-officio member of the Board, with full voting privileges, until a new Parent Representative is elected by the respective age division. • Page 2 TYHA Bylaws 6'19 - • Each new group requesting affiliation with TYHA and as approved by a 2/3 majority vote, will be entitled to ( 1 ) seat as a Board of Director at large. This individual will and agrees, by joining and accepting this position to in accordance with the TYHA by-laws. Any group or individual that falls this category will further need to comply with this boards rulings as they relate to their groups actions or purpose unless specifically waived by a 2/3 vote majority of the Board. sub article A: Eligibility. Any member of the Association, as defined in Article 4 of the bylaws, shall be eligible for election to the Board of Directors of the Association. sub article B: Method of Election. No later than the first week in January of each year, the sitting Board of Directors shall appoint a Nominating Committee of no less than five (5) members from the Board and general membership for the purpose of assembling a slate of candidates for election to the Board for the following year. Each age division shall be represented on this committee. After soliciting broad input from the Association membership, by February 1 , the Committee shall present a slate with one or more candidates for each office to the full Board. A simple majority of voting members is required to confirm the slate. Upon confirmation by the Board, a mail-in ballot, including a biographical sketch of each candidate, will be provided to each family of a registered player no later than February 15. Each family may cast only one ( 1) ballot per registered player. Members without a registered player are also permitted one(1 ) ballot . Write-in candidates are permitted. To be counted, the ballots must be returned to the Secretary of the Association, either by mail or by the division Parent Representative, no later than March 1 . Election to office will be by a imple majority of all votes cast for each position. The new Board members 1 be presented to the assembled membership at the Annual Meeting, and will be invited to attend all meetings of the Board as non-voting members until they take office on June 1 . sub article C: Term of Office. Directors shall be elected for a renewable term of two years. To assure continuity of leadership, the terms are overlapping so that only one-half the offices are contested each year. sub article D: Duties of Officers. 1 ) The President shall be responsible for: overall direction of the Association' s activities, including calling and presiding over regular and special meetings of the Board of Directors' and the Association membership; serving as the Associations primary representative to the MAHL or any future organization with which the Association may affiliate at a later time. Except for those activities which require Board action as referenced elsewhere in these Bylaws, He/She has full authority to act on behalf of the Association, and to make commitments in the best interests of the Association. 2) The Vice-President for Finance shall be responsible for: preparing the annual Association budget; providing oversight to, management of the Association' s financial and fund-raising activities; all Association audit functions; and carrying out the responsibilities of the President in the ,vent of His/Her temporary absence or incapacitation. TYHA Bylaws Page 3 )/4// --- 3) The Vice Pr esident for Operations shall be responsible for: supervising and training the designated Parent Representatives for each operating iivision; supervising all home game operations,coo rdinating uing, but assignment t notifying the rink of scheduled games, ons m,.�,or and minor officials, the provision of adequate safety and first aid equipment , assignment of dressing rooms, as appropriate, and the collection of game score sheets for transmittal to the MAHL statistician. 4) The Coaching and Instructional Director shall be responsiblee for: identifying qualified coaches for both a) teams competing mint these program, and b) the TYHA instructional program, and present selections to the full Board of Directors for discussion andUapprov l ; developing a training and certification program for coaches; p coaches; developing an instructional program for players; and, monitoring on-ice activities. 5) The Publicity Director shall be responsible for: making specific recommendations for notices to media in the best interest of the aAsssociation, placing advertisements after Board approval , dispersing ci advertising literature creating newsletters for membership distribution, managing the preparation of tournament programs, and, obtaining advertising for tournament programs. 6) The Secretary shall be responsible for: receiving and maintaining applications and records (including birth certificates) of call registered and Association players; maintaining, distributing • nd for all age divisions; keeping and certifying minutes ofall all AsBoard and general Association meetings; receiving and distributing nil ; and overseeing the preparation and distribution of an Association r ,sl etter. . as 7) The Treasurer shall be responsible for: all financial transactions fas referenced in Article 9; collecting and depositing all fees, paymen sales of equipment , and collections from fund raising activities; and preparing and presenting to the Board of Directors a monthly fiscal status report and a year-end fiscal report for the Board and the membership. he 8) Responsibility for other functional operating activities Association will be assigned to the at-large Board members, members at the first meeting of the year with approval by a simple majority vote of the Board. These activities include, but recnot limited utometthe following: _scheduling; tournament coordination; publicity and recr ; management of equipment purchases, sales and inventory; and other special responsibilities as appropriate. 9) The Immediate Past President will provide continuity in the organization and will assume such responsibilities as can best serve the organization. This section is amended to add the position of Treasurer for the Triangle Community Activity Center. The Treasurer for TAC, under the supervision of e the Board of TYHA shall handle all routine financial matters as they relate to TAC. These duties shall include receiving and safeguarding designated for TAC, paying routine obligations associated with the TAC, prepare e financial the to conduct normal 1 1. Finanance e or aerations. - • ' Page 4 TYHA Bylaws 'P sub article E: Remuneration. No officer of Chet Association circumstances remuneration for service as a Board member, except so unusual cir In such where the Board determines that such remuneration is apP P uses, approval of two-thirds of the sitting Board membership is required to thorize such remuneration on an annual basis. sub article F: Expenses. Any member of the Board, or member of the Association at-large may claim reimbursement for legitimate expenses in support of the Association' s activities, e. g. for telephone and postage. Any is claim relating to the purchase °either supplies theoPresident materials orrTreasurererviAss an subject to prior approval by alternative, these expenses may be claimed as a tax exempt donation. sub article G: Dispute Resolution. In the event disputes or grievances arise concerning Association management or operations, and these cannot be resolved equitably by the parties involved, the President shall be empowered to convene a Select Committee to investigate the matter ndamakeoa recommendation to the full Board of Directors. The one less than three (3) members, one ( 1 ) from the elected Board nMemblrs ip, the (1) from the Parent Representative Board membership, Association membership at-large. In no case will a member of the Select Committee come from the age divisions(s) in which the dispute or grievance is at issue. sub article H: Replacement of Directors in the Event of Resignation or Removal from Office. The Board of Directors shall have the authority to appoint a replacement. The selection of the replacement shafltbe subjecthto a vote of the Board of Directors with a two-thirds majority holding office required for approval . Wit article I: Removal of Directors. A Director of the Association shall be removed from office upon the affirmative vote of two-thirds majorityo of the Board then holding office, at any regular or special meeting of Directors. Three consecutive unexcused absences from scheduled Board meetings is considered cause for removal . Article 6: Parent Representatives. Each age division will elect a parent (s) at the beginning of each season to: provide a two-way ayrcommunications between the age division and the Board; assist the coa ► iiateithe, fees and of minor officials for home games; collect player app issue and birth certificates; distribute practice and game schedules; account for TYHA game jerseys; coordinate team travel arrangements; and, perform other duties as necessary. Article 7: Meetings. There shall be an annual meeting of the membership at the end of the season, and special meetings as necessary, as called by the Board, duly announced two weeks beforehand. ThedPresident shall two reside. ` There shall be regular meetings of the Board, President may call emergency beforehand, not less often than quarterly. meetings without regard to the advance notice requirement. Article B: Fees. The Board of Directors shall establish appropriate fees annually for participation in the TYHA hockey program. The Board reserves the right to suspend participation by players whose Bdues• are in arrears in ,cordance with payment schedules established by the • Page 5 TYHA Bylaws Article 9: Finances. The Treasurer, under the supervision of the Board, will handle routine financial matters of the Association,routine receiving and - -feguarding any money of the organization, paying •luding appropriate taxes, and accounting for all income, assets, and e,weenditures. The Association may receive gifts and contributions, and may raise and use funds in any manner compatible with status as tax exempt and as a donee for tax deductible gifts. Gifts may not be accepted if conditioned upon any action which would prejudice such status. Article 10: Fiscal Year. Unless otherwise ordered by the Board of Directors, the fiscal year of the Association shall be from June 1 through May 31 of each and every calendar year. Article 11: Amendments. Except as otherwise provided herein, these Bylaws may be amended or repealed and new Bylaws may be adopted by the affirmative vote of two-thirds majority of the Directors then holding office, at any regular or special meeting of the Board of Directors. Article 12: Limitations. No earnings or property of the corporation shall benefit, or be distributed to its Directors, officers, or other private persons, except that the corporation shall be authorized and empowered to pay reasonable compensation for services rendered and to make payments and distributions in furtherance of the purposes set forth in Article 2. No substantial part of the activities of the corporation shall be the carrying on of propaganda, or otherwise attempting to influence legislation, and the corporation shall not participate in, or intervene in ( including the publishing or distribution of statements) any political campaignoonsbehalf f .-s any candidate for public office. Not withstanding any oter 3se articles, the corporation shall not carry on any other activities not p )►fitted to be carried on (a) by a corporation exempt from Federal Income t15 under Section 501 (c) (3) of the Internal Revenue Code of 1954 (or the corresponding provision of any future United States Internal Revenue Law) , or (b) by a corporation, contributions to which are deductible under Section 170(c ) (2) of the Internal Revenue Internal (or corresponding provision of any future e Article 13: Dissolution. Upon the dissolution of the corporation, the Board of Directors shall , after paying or making provision for the payment of all of the liabilities of the corporation, dispose of all of the assets of the corporation exclusively for the purpose of the corporation in such manner, or to such organization or organizations organized and operated exclusively for charitable, educational , religious, or scientific purposes as shall at the time qualify as an exempt organization or organizations under Section 501 (c) (3) of the Internal Revenue Code of 1954 (or the corresponding provision of any future United States Internal Revenue Law) , as the Board of Directors shall determine. Any such assets not so disposed of shall be disposed by the Superior Court, Orange County, North Carolina, exclusively for such purposes or to such organization or organizations said Court shall determine, which are organized and operated exclusively for such purposes. This is to certify that the foregoing Bylaws replace the TYHA Bylaws of 1990, as amended, by approval of the Board of Directors of the TYHA Association Inc. at its meeting June 20, 1991. Daniel G. Kidd, President ... Page 6 TYHA Bylaws BASIC GOALS OF THE TRIANGLE YOUTH HOCKEY ASSOCIATION o To provide a program of ice hockey instruction and competition for the youth of the Triangle and Piedmont areas of North Carolina. o To provide qualified coaching at all levels. o To provide the opportunity for all players to develop their hockey skills to the maximum extent possible. o To promote a concept of team play with active participation by all members of the team. o To foster a spirit of sportsmanship and fair play, where the fun of playing transcends winning or losing. o To treat each player as a child or youth, not as an adult . The attainment of these goals requires a commitment on the part of not only the Association leadership and coaching staff, but the players and parents as well . What Players and Parents Should Expect from TYHA o The opportunity for each player. regardless of skill level , to play a significant , part of every game. • This does not suggest that every player is guaranteed "equal " ice time by the c ,,ck in each game. This is clearly not possible, given the variation in not only total numbers of players for each team, but unequal distribution of forwards and defensemen on each team as well . It does mean, however, that each coach will make a conscientious effort to provide significant playing time for each player, given individual team/game situations. Of equal importance will be the perception each player has that he/she is being treated in a fair and equitable manner. This principle of full participation applies to all MAHL games, including the MAHL tournament, the TYHA Invitational Tournament, and to additional games scheduled by the Association with teams outside the MAHL. In these latter cases, every effort will be made to match the relative competitive level of the outside teams with those of our own. . The only exception to this principle will be in the case of individual TYHA teams which enter outside tournaments (e.g. Bowie, Queen City, Roanoke Christmas, Fairfax, etc. ) In these cases, since "play to win" may be paramount, each coach must give each player and parent (s) a candid assessment of likely playing time. In this way, each player and parent can make informed decisions on whether to participate or not . In any case, every player must be given the opportunity to participate. • 1 ., , 1.• `M •. _ _ hat TYHA Should Expect From Its Players W' n signing up to play ice hockey, each player should make a commitment to t1ram,d program and its goals, and to his/her teammates. This means a commitment : o To play by the 'rules. o To be a good sport. o To treat all players as he/she would like to be treated. o To cooperate with his/her coach, teammates, and opponents-without them there is no game. o To work equally hard for him/herself and team-the team' s performance will benefit, and so will the player' s. whether home or away. It is o To come to all practices and games,bamily e recognized that there will activatiesaband sinuathens_casenwith folder travel , important school players, possible conflict with a job. All wed ask isithatfedch -player lets his/her coach or Parent Rep serious conflicts with a scheduled practice or game. This policy of full participation is totally consistent with a competitive )rogram. Beyond that, adherence to these principles and commitments cents 'should d ? m ke the youth hockey program more fun for all of us, players, + k4mwen t s, alike. Dan Kidd President for the Board of Directors Triangle Youth Hockey Association 1990/91 Season • • • Appendix 3 TYHA Board Information List Position Term Name &Address Phone# Left President 2 Dan Kidd 847-7925 h 8704 Mourning Dove Rd. 992-5359 w Raleigh N.C. 27615 992-3835 fax V.P. Operations 2 Robert Sealock 967-5560 h 311 Birch Circle Chapel Hill N.C. 27514 V.P. Finance&Treasurer Cheryl&Ken Williams 968-1555 h 2 106 Nottingham Dr. 941-7108 w Chapel Hill N.C. 27514 Secretary 2 Dan Plonski 575-9026 h 1153 Roy Croft Rd. 493-2471 w Creedmoor N.C. 27522 Coaching Director 2 vacant Publicity Directors 2 Tim Crowley 932-5481 h 203 Oki Forest Creek Dr. Chapel Hill N.C.27514 2 Fred Kostern 563-6579 h 138 Wellsford Place Mebane N.C. 27302 Directors-at -Large Linda Jacob 933-9368 h 1 3010 Blueberry Lane 929-9979 w Chapel Hill N.C. 27516 Hawk LittleJohn 562-3073 h 1 Route 1 Box 172L Prospect Hill N.C.,27314 2 Kurt Jenne 968-3460 h 2701 Homestead Rd. 966-4259 w Apt. 1113 Chapel Hill 27516 2 John Nolet 544-1430 h 5001 White Flag Way Wake Forest N.C. 27587 Scheduler 1 Robert Sealock 967-5560 h 311 Birch Circle Chapel Hill N.C. 27514 • . Appendix 4 `' . . TRIANGLE YOUTH HOCKEY ASSOCIATION, INC. SEPTEMBER 29, 1992 LIABILITY QUOTE: LIMIT: 1, 000, 000. COMBINED SINGLE LIMIT OCCURRENCE FORM INCLUDES PRODUCTS 1,000. DEDUCTIBLE ON BODILY INJURY RATE: 16. 00 PER $100 SALES-PUBLIC SKATING $250. 00 FLAT RATE FOR $25, 000 SALES- FOOD, DRINK, & CONCESSIONS NO COVERAGE FOR HOCKEY GAMES AS THEY ARE COVERED BY ISIA AND US HOCKEY $5,050.00 PREMIUM 75.00 POLICY FEE 256.25 TAX $5, 381.25 TOTAL ANNUAL PREMIUM `wy/ ABOVE PREMIUM IS BASED ON $30,000. RECIEPTS FOR PUBLIC SKATING AND $25, 000. RECEIPTS FOR CONCESSIONS. TO BE WRITTEN THROUGH WESTERN WORLD A+ NON-ADMITTED CARRIER. kW L3 FIRE AND THEFT COVERAGE LIMITS: $10, 000. ON THE CONTENTS CONTAINED IN A ONE STORY, STEEL, BUILDING OCCUPIED BY AN ICE HOCKEY LEAGUE LOCATED AT 336 CHURTON STREET, HILLSBOROUGH, NC 1, 000. INSIDE/OUTSIDE ROBBERY + HOME OF MESSENGER DEDUCTIBLE: 250. PER OCCURRENCE PREMIUM: 400. BASE PREMIUM 60. POLICY FEE $ 460. TOTAL ANNUAL PREMIUM TO BE RENEWED BY SCOTTSDALE INSURANCE COMPANY WITH SAME COVERAGES, TERMS, AND CONDITIONS AS EXPIRING. • //4/17' 7,)4/F? DIRECTORS AND OFFICERS LIABILITY LIMIT OF LIABILITY: $1, 000, 000. AGGREGATE SELF-INSURED RETENTION: 1, 000. PER LOSS CONDITIONS: ALL TERMS AND CONDITIONS AS EXPIRING COMPANY: COLONIA INSURANCE COMPANY A- ADMITTED CARRIER PREMIUM: $ 998. 00 150. 00 POLICY FEE $1, 148. 00 TOTAL ANNUAL PREMIUM PREMIUM FINANCING THROUGH AFCO INSURANCE PREMIUM FINANCING TOTAL PREMIUM: $6,989.25 DOWN PAYMENT: 1, 626.25 DUE 10/1/92 AMOUNT FINANCED: 5, 363 .00 FINANCE CHARGE: 23`7.34 TOTAL PAYMENTS: 5, 600. 34 9 MONTHLY INSTALLMENTS OF $622 .26 EACH BEGINNING 11/1/92 APR% 10.5% Appendix 5 P141:7 ' 0 LIST OF ICE HOCKEY CLUBS ) AND NUMBERS OF SKATERS USING TYHA FACILITIES type name No. s participants HOCKEY Colleges Duke Hockey Club 14 UNC 14 Mens League Blue 14 Gold 14 Black 14 Red 14 White 14 Orange 14 Adult Orange 14 Novice Blue 14 Youth Knight 17 Squirt 17 • Pee Wee 17 Bantam 17 • Greensboro Youth league 4 teams 60 Greensboro Monarchs [free daytime ice in November] 18 SKATING FIGURE SKATING. 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'f , \\S' S\ ' .i \'..\'N • ;''V,I; I, I ,,,ir, it\ ,,1,\,,,, ,, .., 1, ‘\\,%..,,, ,,,..\\,,,‘ , •1.,.,,,,•,,,,,, N• %:::.i,„ ... ; '` . , o.:..- • ad.• i '1. . •./4...., 7. 1 . .. ' • P'.'7' • . ,t,'t,t...\•,,,,),‘o • kt,i, , .„ . ii; '; .' '''' • .. , 100,,,,V Appendix 7 ii ijviaaowianct 8 IND USTRIAL/RESEARCH/OFFICE PARK jVleadowland�s LOCATION Hillsborough I, �� -- t Greensboro/Triad area '(1 O Durham ~ ` r The Meadowlands F'- is located at the Western Gateway of the Research Triangle area; 0 •- the downtowns • US�� of Raleigh and Greensboro are just 40 miles away. 54 Chapel Hill Research Durham Raleigh Triangle Airport For Further Information Call: Park Raleigh y- �ntact �� �' �� £o40nt1Ic Radt%Inc. .o AO Nowe(1530 Raleigh, N.G. 27b02 - SITE PLAN (am) au-03 BUS 70 The Meadowlands is located adjacent Y to the new 1-40/1-85 interchange. A development of: le CONSOLIDATED VENTURES CORPORATION §' .���p + c" B 1 A 1 r -==1 I,- ■ C ti N Post Office Box 13069 ,F^' ;, P ,�•--"-J ..!,1 Research Triangle Park —! North Carolina 27709 D'E'F /� t 919/544-5900 11" r- H , , I-85 �o.. .. � �, Y • ,, ''' \$C " ' r, f t .1. `ms ,y lk 4y'','I" e, 4s-,"'-'...",; ♦ t , m?a. ■ve 01P } . Y.' '� L 4 k"�4 a . .,`,. „ ,, , , ., 0,„„. p-f.' Bu�" ¢ j�ll.�9'7j' ,z :„,, ,,,, lc,.., tf. �I BUS1JNIEEE3E3.;;:i . 7'` )I' d •71 , `mot . ; A =, ,,,..t,_,.,:i'';vo;:tv.:,,,,,40'4A,,,,.:4,: ::,.,.,,,:: 4.r.H4.,,,,,,,, ..,,,.; 21/ 'r"�t`�- , F' a'verlk ,i vv' r,¢i F , t Z�s.5l (a��ip•11,i ' ,0 "' , r +a is I 31 -4.4 1 s lv, ,,,.t.a t ;. 4 ,vti • n v t ° a4. 'T41 r � i' 3f A ,"., f.! ar,'1# '� ,.. xs Ix' 4r. s'- t f »�...<- drt f - F7-.i. 7 S J 8 �p+a ir , i J ''9' `+ 1 '•t, vpl,_ -'. r r , rn' €a s a k r -i '4 '1 n t n� '~r v�' ' �df. �� ► _ �, i tr,' E�, 1 i":`-..-.T.,,,,'NS. -elr`,,f r _ v L. ocated in central North Carolina's , -° ,i , --' t ,� u Research Triangle area,The Meadow ;4 a z ' '' lands is just two minutes from the w��K}r✓s }f ^�� interchange twenty y r a, 4,4, I-85/1-40 interchan a and twen minutes ay. 3 .• .; from Research Triangle Park. ` ;,+� • ■ Immediate access to the Triad area, t; as well as the Research Triangle cities , .v :. of Raleigh,Durham and Chapel Hill .t t;r' - • 110 acre master-planned natural park setting with sites from 1.5 to 30 acres . • available - ■ Zoned for light industrial and office/ _ . . .. _ _ _ . institutional use ::: •Streets and utilities are complete for I , immediate location ... __" • _ , a.,...... •Office,warehouse/distribution and manufacturing space available for lease in 1988 •Abundant recreational opportunities on-site:jogging trails and tennis courts surround a central five acre lake •Two full-service airports thirty minutes and sixty minutes away;on-site heliport Mcadow1and., 8 f .� --� a:, ' ,, 'INDUSTRIAL"/RESEARCH/OFFICE PARK P:: .' - LQ1,1.:it4AB Appendix 8 (a, 1 ■ L--' Ii, ), if [ %lie 2./ , U ,,,, ' , .....,.. / Ii. / -1 1 i; L., E , ' , i / , 71 •-r. 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L= � . . i iG r1 I f / ot 4Vi 4:535,..' ,:1; % -z: ..,. ` rte. /r' ! finf�' C �I�Gr 41-1: ; I 1::: '`, i .. , .. . . ‘t . . ' ,„, ...„ _ . ‘,., . _ .. _ _..... I Proposal sit.Plan r TRIANGLE COMMUNITY ACTIVITY CENTER RS!IIQ HILLSBOROUGH,NORTH CAROLINA McnntCn • POINTERS• PJI5!; C. - n. I•-Olt 42 I••• la. JAppendix 10 vii- (.3 Introduction RS&H Architects•Engineers•Planners, Inc. i 1 RS&H provides a full range of architecture, engineering and planning "" r services to clients throughout the world. -4,� , ,40K , ,-, Through networking and an integrated team approach, RS&H's creative staff ."""""—" • works together to apply business .. ; ,�.. strategies and technological solutions to concerns of both the public and private -.-"." ,;;: " ,.:_ ,a. ,�14, o.: f�A ! .� -- --- .�_ .ter F , ..._, sectors. — '---•4.,.-„ .v ',_mot` Founded in 1941, RS&H is one of the ,' ' ��#- oldest design firms in the Southeast. 'r ri -"� °1 , '�' � ' 1 1 +"13 ` '-t RS&H is well positioned to utilize its , H l �dm long-established expertise and reputation ' ' , . 4 . i to serve clients on new developments and .'''��,Y �„ '; renovations. r� tr %r Its, ;;,',1/241%. < ,'.. '4.4 ,, ``S., , 1 RS&H concentrates its services in major + r A , n.. market segments which include: Multiuse 4'f' - _-. -.1 • '" ` f ,z. Facilities, Research Laboratories, Data l' i.. AI, ti "+` '. *.1 'N. Center Facilities, Land Development, }+ � ;; Manufacturing Facilities,Transportation, Infrastructure,Aviation, and Housing. ,, r f .r RS&H is located in Greensboro, NC. RS&H is a wholly-owned subsidiary ' l f.. of Reynolds, Smith and Hills, Inc., 4 headquartered in Jacksonville, Florida with additional offices throughout the " Southeast. % ^ �'(� r R` yrfii / 1 fn � w Piedmont Triad International Airport(top) Commerce = _ and Design Building(lett)Pocks&Co.(above) p „fl ti -4. � l i J I J .. I . . ...,.J 0141.9008 .. • � Si ` /9 1 Vii- Scope of Services RS&H Architects•Engineers•Planners, Inc. I All Total Service Capability-RS&H Complete engineering services,from Structural, Transportation and Water Architects•Engineers•Planners, Inc. studies, surveys and reports through final Resources. For specific projects, J offers clients a total service capability design, are offered in many disciplines professional personnel from these groups extending from the germination of an including civil, structural, mechanical, are brought together in a Project Team to idea in the mind of a client through a electrical and environmental. take advantage of the collective finished construction project ready for Architectural services embrace not only experience of all relevant disciplines. This I occupancy or use. basic design and the ultimate preparation Project Team is headed by a project of contract documents,but also manager who reports directly to an officer In the early stages of a project's landscape planning and interior design. of the company. development, RS&H's market analyses I and feasibility studies are utilized. Complete construction plans, Flexibility-Not all clients require a full Comprehensive master planning and specifications and competitive bidding by range of services. Specialized services detailed site planning are provided to qualified contractors assure a client of are tailored to meet a client's assure optimum use of the land as well the lowest possible cost.When requirements,whether they be of an as maximum economic,social,aesthetic construction begins, RS&H provides a advisory nature or those requiring a more and environmental benefits. A computer- contract service to insure that facilities complete performance. Many firms and ized cash flow model is used to forecast are built not only as planned,but also agencies with recurring short term loads J economic results of these plans under a within a client's time schedule. find RS&H avoids expensive staffing variety of financial arrangements during problems. In most instances, RS&H the course of a project and beyond. Team Concept-Professional services provides services which cannot be are provided through coordinated efficiently handled by a client's own staff. operating groups:Architectural, Engineering, Planning, Buildings/ , Staff-A full-service staff located in Electrical, Buildings/Mechanical, Greensboro provides services that Building/Structural,Computer, Computer include architecture,engineering, Aided Drafting,Design/Build, Electrical, planning and interior design,which I Environmental Engineering, Interior enables RS&H to meet rigid time Design, Management and Economic schedules without sacrificing quality in Consulting, Mechanical,Process service.Officers and executive personnel Engineering, Project Operations, average more than 10 years with the firm. Architects are registered in 34 states and engineers in 36 states. Participation in technical societies keeps personnel j .. abreast of the newest techniques and innovations. Types of Projects-RS&H has successfully completed projects of many types including commercial, industrial, research and development, educational, institutional and public buildings; hospitals;airports;water supply and sewage treatment systems; highways J and bridges;military projects;and community planning. j J - . , , .„,. . . _ 1/SW‘v 1- i , . . , .. Appendix 11 5,/ 413 JOHN A. MURRAY 8605 Maidstone Court Raleigh, N.C. 27613 (919) 846-0627 • OBJECTIVE: Manage and operate Triangle Community Center. ' EDUCATION: Completed some college credits at Schenectady Community College September, 1979. - June, 1980 Linton High School; Schenectady, New York Graduated June, 1978. WORK Triangle Youth Hockey Association, Hillsborough, NC EXPERIENCE: October, 1992 - present Rink Manager Tire King, Chapel Hill, NC July, 1989 - October, 1992 ' Store Manager Tire King, Durham, NC January, 1989- July, 1989 Assistant Store Mananger Tire King, Durham, NC October, 1988 - January, 1989 Salesperson Circuit City Superstore, Durham, NC. ' July, 1987 - October, 1588 Audio Sales Counselor Circuit City Superstore, Raleigh, NC August, 1985 - June, 1987 Video Sales Counselor Cranston, Needle, Craft, Division of Cranston Print Works, Cohoes, NY May, 1981 - May, 1985 Supervisor COMMUNITY ' In 1982, originated Annual Thanksgiving Dinner for the ACTIVITIES: Needy and Senior Citizens, sponsored by Price Chopper and Ponderosa Steak House. Coordinated entire operation for three years. INTERESTS: Hockey, basketball, softball, water skiing, cycling, licensed official for U.S. Cycling Federation. • • 7 Appendix 12 RESUME - r PERSONAL Linda J. Jacob 3010 Blueberry Lane Chapel Hill, North Carolina 27516 (919) 933-9368 Birthdate: March 20, 1954 Married, 1 child EDUCATION Lake Worth High School Lake Worth, Florida Graduated June, 1972 EMPLOYMENT Oct. 1992 Triangle Youth Hockey Association, Inc. Daniel Boone Ice Rink Hillsborough, North Carolina Management position of ice rink facility, supervision of 8 to 10 �.m.i part-time employees, assisting in the organization of youth hockey and adult hockey programs. Sept. 1987 Kenan Oil Company, Inc. Oct. 1992 100 Europa Drive, Suite 450 Chapel Hill, N.C. 27514 Secretary to President. General secretarial duties, including word processing (Microsoft Works and Microsoft Word) , itinerary planning and travel arrangements, organization of files for various entities and foundations. June 1979 Attorney, Paul Thibadeau Aug. 1987 249 Royal Palm Way Palm Beach, Florida 33480 Job description included preparation of pleadings, real estate closing documents (closing statements, deeds, affidavits, mortgages, title insurance policies), payroll. Dictaphone generally used for transcription; word processing (Lanier EZ-1). Prepared title insurance policies, used Attorneys' Title Insurance Data System to run chains, name and judgment searches. Attended various seminars at Attorneys' Title Insurance, Inc. , including 8eaise state Closings I and II, and Mortgage Closing Instruction kW— Feb. , 1974 Rem<sco Management, Inc. Oct. , 1978 Palm Beach, Florida Secretary/Receptionist June, 1972 Kassuba Development Corporation Jan. , 1974 Palm Beach, Florida General secretarial duties,' property acquisitions division. (Dictation, typing, filing) REFERENCES Paul Thibadeau 249 Royal Palm Way Palm Beach, Florida 33480 407/835-0551 Carolyn Poole Kenan Developments, Inc. 100 Europa Drive, Suite 450 Chapel Hill, North Carolina 27514 919/929-9979 Appendix 13 Mary Jo Bul l in 3440 Alamance Church Road Julian, North Carolina , ' m-. (919) 697-9052 TRAINING Tests Passed: -USFSA Gold in Figures and Freestyle -USFSA Gold in Dance and Free Dance Two International Dances Passed -Canadian Gold in Dance -USFSA Silver in Pairs Trained Under: -Ann Adair, Estelle Newcomber, Hugh Seamen, Cecilia Colledge, John Carroll , Marcus Nikkanen, Ron Ludington, and Uschi Keszler Ballet: -Studied at the Hartford Conservatory -Studied with Jamie Jamison in Willmington, Delaware Modern Dance: -Studied with Marge Turner -Presently taking classes at University of North Carolina at Greensboro -Studied choreography at UNCG • Seminars: -Attended figure skating instruction seminar in Orillia, Canada held by Uschi Keszler and Doug Leigh. -During 1990 seminar in Berry, Canada, served as Uschi Keszler' s assistant EXPERIENCE Competitions: -Coached dance team to several medals in regional and sectional competition as well as alternate to nationals in Junior Dance. -Figure Skating Hostess for Olympic Festival 1987 in Greensboro, NC -Team Pro at several ISIA competitions -ISIA judge -Won several medals in regional and sectional competitions in bronze pairs, silver pairs, and senior ladies -Won Tenley Albright Artistic Trophy and Philadelphia Bulletin Trophy Performance: -Invited soloist to 1988 Olympic Fund Raising Show in Delaware -Understudy with "Holiday on Ice" - 1978 to 1979 -Soloist in "This is Hawaii on Ice" -Choreographed many group numbers for Daniel Boone Shows including a recital with more than 20 choreographed numbers Teaching: -Head Pro at Daniel Boone Twin Ice Rinks 1982-1989; Instructor since 1979 -Created and instructed classes on and off ice for competitive and non-competitive skaters; taught at Daniel Boone and Cary through present -Trained skaters from beginner to to 7th figure test, junior freestyle test, silver pairs test, gold dance and silver free dance test -Figure Skating Director, Daniel Boone Ice Rink since 1991 . cn ce a o C W -N t � oV) CC `,o za w • 000 •••0 o in o in •N 0.1 w N N N 0 00 QO F-O Q X •••O O �+ u. 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C pJ^ J v Q O O ce a 00 x v • �— •-• 7 N C NF- VJ �• S M an v , Appendix 15 /-341--- c-Nt.,,,,,, /e, ::). j / SCHEDULE OF POOL USAGE AND REVENUES estimated income by 5th year of opeartion Y p 1 time program No of session No. # revenue sess. cost $ MONDAY - FRIDAY JAN-APR 6am 9am Lap swim 70 $2 . 00 45 $6, 300 (M-F) (daily) 70 $1. 50 15 $1, 575 (14 wks] 6 7 . 30am Masters swim 28 $1. 00 15 $420 (T/Th) 8 . 30-12 . 30pm School use 0 (M-F) 9am 10am Open swim 42 $1.75 15 $1, 103 (M/W/F) 42 $1.50 10 $630 10am11.30am Sr. swim 42 $1. 00 35 $1, 470 (M/W/F) (aged 60+) 9am 10.30am Adult classes 4 $30. 00 30 $3 , 600 (T/Th) 10. 30-11.30am Open swim 28 $1.75 10 $490 • (T/Th) 28 $1.50 10 $420 11. 30-2 .00pm Lap swim 70 $2 . 00 45 $6, 300 (M-F) 70 $1.50 13 $1, 365 • 1. 00-2 . 00pm Sp. olympics 28 $0. 00 25 $0 (T/Th) Sp. pops 28 $0. 00 25 $0 1. 00-2 . O0pm School use . $0. 00 (M-F) 11.30-1.30pm Water-robics 70 $3 . 00 15 $3 , 150 (M-F) 2 . 00-3 . 00pm Adult classes 4 $30. 00 20 $2, 400 (M/W/F) 2 . 00-3 . 00pm Closed for . (T/Th) maintenance 3 . 00-5. 00pm Youth classes 4 $27. 00 25 $2, 700 (T/Th) (various) 3 . 00-5.00pm Open swim 42 ' $1.75 20 $1, 470 (M/W/F) 42 $1.50 0 $0 42 $1. 00 50 $2 , 100 5. 00-6.30pm Lap swim 70 $2 . 00 45 $6, 300 (M-F) 70 $1. 50 15 $1, 575 70 $1. 00 0 $0 6. 30-8.00pm Adult classes 4 $30. 00 18 $2, 160 (T/Th) (aquasize) 8 . 00-9. O0pm Masters swim 42 $3 . 00 20 $2,520 (M/W/F) 8 . 00-10. 00pm Adult classes 4 $75. 00 10 $3 , 000 (T/Th) (scuba,safety) 9. 00-10. 00 Open swim 42 $1.75 10 $735 (M/W/F) 42 $1. 50 3 $189 42 $1. 00 0 $0 a SATURDAY/SUNDAY 9. 00-12 . 00 Lifeguard/WSI 2 $40.00 6 $480 (Sat) 8. 30-11.30am Skill classes 4 $27 . 00 20 $2 , 160 (Sat) (adult/ch) 11. 30-2. 00pm Lap swim 28 $2 . 00 20 $1, 120 (S/S) 28 $1.50 12 $504 28 $1. 00 17 $476 2 . 00-4 . 00pm Open swim 14 $1.75 45 $1, 103 (Sat) 14 $1.50 5 $105 14 $1.00 100 $1, 400 2 . 00-4 . 00pm Open swim 14 $1.75 20 $490 (Sun) 14 $1. 50 5 $105 14 $1. 00 45 $630 4. 00-8. 00pm Free Swim 28 ? (S/S) 28 ? 6. 30-8. 00pm Lap swim 28 $2 . 00 8 $448 (S/S) 28 $1. 50 2 $84 28 $1. 00 2 $56 PERIOD TOTAL $61, 132 . APR-JUNE MONDAY - FRIDAY [6 WKS] Gam 9am Lap swim 30 $2 . 00 45 $2 , 700 (M-F) (daily) 30 ' $1.50 15 $675 6. 00-7. 30am Masters swim 12 $3 . 00 15 $540 (T/Th) 8 . 30-12.30pm School use $0. 00 (M-F) 9am 10am Open swim 18 $1.75 15 $473 (M/W/F) 18 $1.50 10 $270 10am11. 30am Sr. swim 18 $1. 50 30 $810 (M/W/F) (aged 60+) 9. 00-11. 3Oam Open swim ,12 $1.75 10 $210 (T/Th) 12 $1.50 10 $180 11. 30-1. 00pm Lap swim . 30 $2 . 00 40 $2 , 400 - (M-F) 30 $1. 50 10 $450 11.30-1. 30 Water-robics 30 $3 . 00 15 $1, 350 (M-F) 1.00-2. 00pm School Use $0. 00 (M-F) 1. 00-2 . 00pm Open swim 12 $1.75 15 $315 (T/Th) 12 $1. 50 5 $90 2 . 00-3 . 00pm Adult classes 3 $30. 00 0 $0 (M/W/F) 2 . 00-3 . 00pm Closed for (T/Th) maintenance 3 . 00-5. 00pm Open swim 30 $1.75 20 $1, 050 (M-F) 30 $1. 50 0 $0 1• 30 $1. 00 75 $2 , 250 5. 00-6. 30pm Lap swim 30 $2 . 00 45 $2 , 700 (M-F) 30 $1.50 15 $675 30 $1. 00 0 $0 6. 30-8. 00pm Swim team $0 (M/T/Th/F) 6. 30-8.00pm Adult Class 1 $75. 00 6 $450 (W) (Scuba) 8 . 00-9 . 30pm Masters swim 18 $3 . 00 20 $1, 080 (M/W/F) 8. 00-10. 00pm Adult Class 1 $30. 00 15 $450 (T/Th) SATURDAY - SUNDAY 9.00-12 . 00am Lifeguard/WSI 2 $40. 00 12 $960 (Sat) 11. 30-2. 00pm Lap swim 12 $2 . 00 20 $480 (S/S) 12 $1.50 12 $216 _ 12 $1. 00 17 $204 2 . 00-4 .00pm Open swim 6 $1. 75 45 $473 (Sat) 6 $1.50 5 $45 6 $1. 00 100 $600 2 . 00-4 . 00pm Open swim 6 $1.75 20 $210 (Sun) 6 $1. 50 5 $45 6 $1. 00 45 $270 4 . 00-8. 00pm Free Swim 12 ? (S/S) 12 ? 6.30-8. 00pm Lap swim 12 $2. 00 8 $192 (S/S) 12 $1. 50 2 $36 12 $1. 00 2 $24 PERIOD TOTAL $22 , 872 JLY-AUG MONDAY - FRIDAY [10wks] 6. 00-9. O0am Lap swim 50 $2 . 00 45 $4 , 500 (M-F) (daily) 50 $1.50 15 $1, 125 50 $1. 00 0 $0 6. 00-7. 30am Masters swim 20 $3 . 00 15 $900 (T/Th) 9 . 00-10.00am Closed for (M/W/F) maintenance 9. 00-10. 00am Adult-Childl 3 $30. 00 8 $720 (T/Th) (4 weeks) 10. 00-11. 30am Sr. swim 20 $1. 50 20 $600 (T/Th) 10. 00-11.30am Open swim 30 $1.75 15 $788 (M/W/F) 30 $1.50 5 $225 30 $1. 00 40 $1, 200 , -, 47 , - . ,,to v.,.,,..._6 11. 30-1. 30pm Water-robics 50 $3 . 00 15 $2, 250 (M-F) 11. 30-1. O0pm Lap swim 50 $2 . 00 40 $4, 000 (M-F) 50 $1. 50 10 $750 50 $1. 00 5 $250 1. 00-2 . 00pm Summer camp 50 ? 2 . 00-3 . 0opm Adult classes 3 $30. 00 20 $1, 800 (M/W/F) Waterobics 2 . 00-2 . 30pm Closed for (T/Th) maintenance 3 .00-5. 00pm Open swim 30 $1.75 30 $1, 575 (M/W/F) 30 $1.50 0 $0 30 $1. 00 100 $3, 000 2 . 30-5.00pm Youth class 9 $27. 00 23 $5, 589 (T/Th) 5. 00-6. 30pm Lap swim 50 $2. 00 40 $4 , 000 (M-F) 50 $1.50 10 $750 6.30-8 . 00pm Swim Team 50 $1. 00 (M-F) 8. 00-9. 30pm Masters swim 30 $3 . 00 20 $1, 800 (M/W/F) . 8 .00-9. 30pm Adult classes 1 $75. 00 5 $375 (T/Th) (scuba) • SATURDAY - SUNDAY 9. 00-11. 30am Youth class(4 4 $20. 00 24 $1, 920 (Sat) various 11. 30-2 . 00pm Lap swim 20 $2 . 00 25 $1, 000 (S/S) 20 $1.50 12 $360 20 $1. 00 12 $240 2 . 00-4. 00pm Open swim 10 $1. 75 40 $700 (Sat) 10 $1.50 5 $75 10 $1. 00 100 $1, 000 2 . 00-4 . O0pm Open swim 10 $1.75 30 $525 (Sun) 10 ' $1.50 5 $75 10 $1. 00 100 $1, 000 4. 00-8. O0pm FREE SWIM $0. 00 (S/S) 6. 30-8. 00pm Lap swim 20 $2. 00 10 $400 (S/S) 20 $1.50 4 $120 20 $1. 00 5 $100 2 MONTH PERIOD TOTAL $43 , 712 SEP-DEC MONDAY - FRIDAY [21 wks] 6. 00-9 . 00am Lap swim 105 $2. 00 45 $9,450 (M-F) (daily) 105 $1.50 15 $2 , 363 6. 00-7. 30am Masters swim 42 $3 . 00 15 $1, 890 , 13/41.-4 ede VI I- (T/Th) 8 . 30-12.30pm School use $0. 00 (M-F) 9 . 00-10. 00am Adult classes 10 $30. 00 30 $9, 000 (M-F) (2 week sess. ) 9. 00-10. 000 Open swim 21 $1.75 15 $551 (F) 21 $1.50 10 $315 21 $1. 00 0 $0 10. 00-11. 30am Sr. swim 63 $1.50 35 $3 , 308 (M/W/F) 10. 00-11. 00am Adult classes 6 $30.00 25 $4, 500 (T/Th) (3 week sess) 10. 30-11.30 Open swim 42 $1.50 10 $630 (T/Th) 42 $1. 00 10 $420 42 $0. 00 0 $0 11. 30-1. 30pm Water-robics 105 $3 . 00 15 $4 ,725 (M-F) 11. 30-12 .30pm Lap swim 105 $2 . 00 35 $7 , 350 (M-F) 105 $1. 50 10 $1, 575 1. 00-2 . 00pm School use $0. 00 (M-F) 1. 00-2. 00pm Adult classes 3 $30. 00 12 $1, 080 (T/Th) (4 week sess) 2 . 00-3 . 00 Adult classes 10 $30. 00 25 $7, 500 (M/W/F) (21/2 wk sess) 3 . 00-5.00pm Open swim 63 ' $1.75 20 $2, 205 (M/W/F) 63 $1. 50 0 $0 63 $1. 00 50 $3 , 150 2 . 00-5. 00pm Youth classes 9 $27. 00 45 $10, 935 (T/Th) (4 week sess) 5. 00-6.30pm Lap swim 105 $2 . 00 45 $9, 450 (M-F) 105 $1.50 15 $2 , 363 105 $1. 00 0 $0 6. 30-8. 00pm Swim team $0. 00 (M, F) 6 . 30-8. 00 Adult Classes 10 $30. 00 0 $0 (T/Th) (4 week sess) 5. 00-9. 00pm Masters swim 63 $3 . 00 20 $3, 780 (M/W/F) 8. 00-10. 00pm Adult classes 6 $30. 00 18 $3 ,240 (T/Th) SATURDAY SUNDAY 9 . 00-11.30am Youth class 12 $27. 00 48 $15, 552 (SAT) (5 week sess) 11. 30-2 . 00pm Lap swim 42 $2 . 00 20 $1, 680 (S/S) 42 $1.50 12 $756 42 $1. 00 17 $714 2 . 00-4 . 00pm Open swim 21 $1.75 35 $1, 286 1., I .4 -0 .I (Sat) 21 $1. 50 5 $158 21 $1. 00 75 $1, 575 2 . 00-4 . 00pm Open swim 21 $1. 75 20 $735 (Sun) 21 $1. 50 5 $158 21 $1. 00 45 $945 4 . 00-8 . 00pm FREE SWIM $0. 00 (S/S) 6 . 30-8 . 00 Lap Swim 42 $2 . 00 8 $672 42 $1. 50 2 $126 42 $1. 00 2 $84 PERIOD TOTAL $114, 219 YEARS TOTAL $241, 935 [ 51 weeks] Additional revenue Potential Water Basketball/Volleyball league $2, 200 Rental of water by local Day Care Centres/churches $1, 000 Corporate special events $1, 000 Corporate wellness events $2 , 000 Hospital/Cardiac rehab programs $2 , 000 Total special revenues $8, 200 $250, 135 • .. Appendix 16 Appendix £16] Explanatory footnotes to 10 year Cash Flow projections. [1] Public skating Operating a consistent 12 months , year-over-year would elimi- nate the inefficient business start-up each year. Extrapolating from the 4 monthly trend (October 1992-January 1993) gives a monthly average of $16, 000. * Assume a 15% increase from continuity factor gives $ 18 , 400 per month. * Additional public hours during school closures and holidays pro- jects an additional 18% = $21, 312 . * Add skate rentals @ $ 13 , 000. 8 months @ 18,400 $ 147, 200 4 months @ 21,312 $ 85, 248 skate rentals $ 13, 000 total $ 245, 448 less 25% error $ 60, 503 Projected income $ 184, 945 [2] Ice Hockey 4 months actual income for Men's , Pick-up and Novice leagues amounts to $12 ,212; extrapolated to a full year this will brings $ 36, 636. College hockey brings in $14, 000/year; TYHA youth hockey another $25, 000 per year and the April skate school $ 5, 000 total $ 80, 636 * Doubling the Men's league additional $ 36, 636 * hockey camps 8 sessions/division 5 divisions/ 28 participants/ $350 per child potentially $392, 000 conservative estimate $ 60, 578 projected income $ 177 ,840 [3] Figure Skating The shortness of the current season severely restricts the estab- lishment of a figure skating association. When the rink is operative year-round it is confidently predicted that present levels of income will rapidly rise based on demand already exhibited. 1992/3 extrapolat- ed income of $ 37, 167 is projected to rise to $ 97, 640. tiff 1) [4] Private lessons The present income level is being achieved with only 10 skaters. Based on the experience gained in the "Learn to figure skate" class which attracts around 100 students, this sector expects rapid growth. [5] Miscellaneous Ice Revenue. Based on the experience in recent months this may be an area of underestimation as current income is running at about twice projec- tions. [6] Hockey LTS This is a new program which has been on trial for a month @ $235 ($50 per skater) . The potential is for a class of 15-20 skaters @ $50 each per session and 5 sessions a year; indicates a possible $5, 000 revenue stream but has been conservatively projected at $3 , 000. [7] Birthday Parties 1992/3 projected revenue is already ahead of 1994 projections. The pool attendance will enhance the public awareness; the improved facili- ties will make it possible to run concurrent parties on the ice and still provide separate space for the meal etc. afterwards. [8] Ticket sales The annual March Figure Skating Competition and three projected Hockey Tournaments are the confident basis for the projected $2 , 800. No allowance in the Revenue projections has been made for potential additions from swim meets and state games. [9] Pro Shop 1992/3 projections total $ 35, 316. * additional 35% for swim items $ 12 , 361 * additional 10% fitness items $ 3, 531 total $ 51, 238 vs. projected $ 51, 990 [10] Skate Sharpening Closure of business every 6 months at present is estimated to reduce potential income by about 20% * 1992/3 projection $ 5, 300 * additional 20% $ 1, 060 total $ 6, 360 - '„ '.3 [11] Snack Bar * the present snack bar is very limited in size and selection. * expansion of clientele, selction, and space indicates a tripling of revenue is easily achievable. * sales are running at $ 4 ,800 per month equivalent to annual receipts $ 57, 600 * increase 15% added selection $ 66, 240 * 50% re increased clientele $ 99, 360 projected as $ 94 , 500 [12] Vending Machines The two machines on the present premises generate $100/month. equivalent to $ 2 , 400/yr. * It is expected that with the increased clientele at new facility and an increased range of machines, monthly income can be stepped up to $ 2 , 500. [13] Building Rentals Assumption is use of the 3 formal rooms for 3 hours per week night and 10 hours each weekend day. Based on present experience of $125/month rental for a 1 hour/3 days a week group. i.e 12 hours = $ 125 or approximately $10/hour. 5 x 3 x 52 x 3 x $10 = $ 23,400 2 x 10 x 52 x 3 x $10 = $ 31, 200 total $ 54, 600 This is considerably more that the projections for: - Rink Building Rentals $ 15, 600 Social Group rentals $ 3 , 000 Professional Group rental $ 1, 500 Parties $ , 4, 800 total $ 24, 900 and approximates to these combined with :- Day Care & summer camp $ 24 , 000 Special events $ 5, 000 grand total $ 53, 900 All of the above are potential users of the meeting rooms at different times. (14) Video Machines The current revenue is in the order of $750/m or $ 9, 000 in a full year. By increasing the number of machines and allowing for increased clientele a jump of 30% to the projected $12, 000 is conservative. [15] Dasher/Facility adds. As a trial, two sign advertisements (Texaco and Pepsi) were sold at the Daniel Boone facility @ $ 500 each. It is anticipated that 30-40 dasher board adverts costing $ 120 will sell for $ 1, 000 each giving revenue of $ 26, 400 - $ 35, 200. There is also potental revenue from backlit "White boards" around the facility and an advertisement at "center ice" , both of which have not been factored into the projected $ 27, 000 revenues. [16] Locker rentals It is assumed :- * 300 lockers at 25 cents per use x 4 users/month x 12 months. 4 x 0. 25 x 300 x 12 $ 3, 600 yr * 50 lockers permanently rented at $5/month 5 x 50 x 12 $ 3, 000 total $ 6, 600 projected as $ 3 ,935 [17] Donations The projected $ 24 , 000 is based on experience to-date with TYHA members. [18] Fund Raising Agreement to go ahead with the proposed new facility would give a real boost to the TYHA membership to actively raise further funds. [19] Special Hockey Rentals This represents state games and Mens League Tournaments. The March 1993 scheduled tournament with 16 teams @ $400/team has produced $ 6,400. This could be doubled- if State Games were factored in. [20] Salaries The increase reflects the increased paid staffing levels at the new facility which have been set out in detail in Appendix [14] . [21] We are unable to make a direct comparison with 1992/3 as details are not yet available from TYHA, but the building has been designed to maximise energy efficiency and the projected annual utili- ties cost of $84 , 000 is comparable to those experienced at a similar sized and equipped facility in Ashville NC. [22] The expenses currently experienced are related to operating old equipment at the Daniel Boone Ice Rink; repairs and maintenance are treated as "Capital improvements" in TYHA's books at present. A Profile Appendix 17 McDevitt Street Bovis McDevitt Street Bovis, founded in 1917, provides construction services in the areas of healthcare, institutional, commercial and industrial building, maintaining a tradition of excellence, based upon consistent delivery of speed, economy and quality for those 75 years. The company is based in Charlotte, North Carolina, and operates full service offices in Atlanta, Columbia, Dallas, Nashville, Orlando, Raleigh, Richmond and Washington, D.C. Emphasizing a team approach, the company offers project/program management services, construction management, general construction, technical services consulting and design/build services, tailoring these programs to meet each client's individual needs. These services are divided into two primary programs. Preconstruction services include conceptual estimating, value engineering, constructibility analysis and scheduling. Construction services include project management, contract administration, cost control, scheduling and quality control. McDevitt Street Bovis works with a variety of clients across the United States, many on an ongoing basis, in the development and construction of hotels, office buildings, shopping centers and malls, healthcare facilities, religious facilities, educational facilities, high-rise residential buildings, industrial complexes and recreational facilities. McDevitt Street Bovis is ranked 15th among building contractors by Building Design & Construction, 7th among healthcare builders by Modem Healthcare and 1st among retail builders by Shopping Center World. Last year, the company recorded revenues of$481.0 million with its total project involvement broken down as follows: ■ 51 office projects totaling $432 million • 32 industrial projects totaling $54 million • 13 major hotel projects totaling $96 million • 13 retail projects totaling $96 million j • 100 healthcare projects totaling $292 million • 20 sports and entertainment projects totaling $67 million • 4 educational projects totaling $9 million ■ 28 residential, parking, transportation and other projects totaling $208 million - In summary, McDevitt Street Bovis was involved in 261 projects totaling over $1.2 billion and involving more than 24 million square feet. In September, 1990, McDevitt & Street was sold to Bovis, Inc., the U.S. based component of the world-wide Bovis Construction Group and now bears the name McDevitt Street Bovis. The Bovis, Inc. group, which was ranked 2nd largest construction management group in the U.S, by ENR in June, 1992, also includes Lehrer McGovern Bovis, headquartered in New York, and Schal Associates, Inc., headquartered in Chicago. Appendix 18 /4'2 PA---1 ff c- ,74 / /3 • E, .--, __-- I . 1 . tt/i8 PACKAGED ICE RINK REFRIGERATION SYSTEMS 1 . .. ,. ,,..„........4_,....,...,.. .,... ....,:.... ,...... . L. 4' • 4 ',,.%IlL1 "11'i'j--411P,'`+'' .. -;,I. .'4,-;-:;.4,t',A44,:,;!:-,;-,;-i.: , . . 4,.,„,,t75 • !,.,r,-.2..'- /--;,. .-'..-. -,,i....,::''.i...'!...',. .)1A1a4-'-'ei-' I.!'1 t.:.:de,,'7i-=`,.A,,,% .",,,':'-,'-;:i..'"'i!'../. ..!... -`r ..:.-f"40V-V,-;:- . •— . 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"0 ...," J' • . . . ,, \\‘‘'\1\‘\ a 1 S I • ''.AI:P:r.1‘,:'" \‘ k/ • , ..., . , ' . . , „.• I ,.. . ,„- , f 71 m tipA , ,fii 1 l . �� % ( '\\ ,/gr li ‘t _ ' m ahe 40 - 14ttivral - .Packaged 41, 41 . . , . . ___?;-"TE... -tit• ..,......_ e ,__ .... . ; ,..,i, ...vase . ____:\t.cii...*:,:,,)1.1 refrigeration t If, > ., .. _.; : , , >i4\ systems from , t.-1. 4_ , ,_. , 7 LM I // ,i, ,,,,„,_ , • I (I( �¢ CIMCO l' / w ,.' 1 + / J make sense. . . • The ARENA-PAK and RINK-PAK are precision designed to eliminate fog and drip, the all too refrigeration systems that are also used exten- prevalent problem that spoils many a curling game �./ sively by Canadian industry for process cool- and restrict vision for any ice sport. Hundreds are ing applications.In this critical area both units now in use in North America. Other products from have proved themselves dependable and CIMCO include flooding carts, ice paint, plastic rugged to meet the demanding criteria of curling rings,flooding and pebbling equipment,ice manufacturing industries. edging equipment for reducing ice build-up near Both package designs are now operating in the boards and for cutting lines and circles arenas from coast to coast ensuring hockey If you are thinking of a new ice surface,a refrigera- players, skaters and curlers alike an effective, tion plant, a total complex that includes one or usable ice surface year after year. more ice surfaces,a renovation or a yearly service The refrigeration plant is one thing — the contract for your present plant, call your local knowledge and expertise to install the under-ice CIMCO office for the best in refrigeration, en- piping system is another. In nearly every one of gineering design, manufacture and service. 2200 installations, CIMCO has supplied both. CIMCO has also become known for quality pro- Request our 36 page booklet on "Things you ducts for ice rink arenas. The HUMICON—an should know about ice rink construction and oper- industrial type dehumidifier has been specially ation." It's yours for the asking. Be sure, be satisfied,call C1MCO. �;- '` ' +`` CIMCO DIVISION OF TOROMONT INDUSTRIES LTD. CIMCO 65 Villiers Street,Toronto,Ontario M5A 3S1 LEWIS Phone:(416)465-7581 •Telex:065-24096 t4��, ��; ,�`. ��� ''„ ST. JOHN'S•DARTMOUTH•MONCTON•QUEBEC CITY•MONTREAL•OTTAWA ''REERIGERATION'`Pk:106CM •TORONTO•LONDON•SUDBURY•WINNIPEG•REGINA•SASKATOON•CALGARY U •EDMONTON•VANCOUVER , Printed in Canada 2M 8-85-BP , r, °`} # jr r.xr rfr/ ' • ,,,, H cilI / i I cf.3a .t Canadian Ice Machine Ltd., was founded in 1913 and was the predecessor of CIMCO. The • name was changed to the trade name of CIMCO in 1967, however, to many people we are still "Canadian Ice". CIMCO is the leader in Industrial Refrigeration in Canada. This enviable position has been achieved by a constant and diligent forward looking policy in all aspects of refrigeration technology. Refrigeration is our only business, and it is growing with the developing sophistication and technology of the twentieth century. With the need for refrigeration in all areas of the food industry, the vast chemical and petro-chemical industries, the ever increasing recreational and contruction markets. . . CIMCO leads the way in technology, research and development. The need for refrigeration in dairies, meat packing houses, breweries, fisheries and the recreational area of skating and curling is readily apparent. But the average person does not recognize the important application refrigeration plays in liquefying gases to make their transportation a more economical project, or removing moisture and hydrocarbon fractions from natural gas, or for the oxygen making process in the steel industry; to name a few of the less obvious applications. The scope is vast and touches every Canadian in every walk of life. From his food, his clothing, to his environmental comfort, his recreation, his use of plastic and metal goods; many of the major benefits he receives are possible because in the manufacturing processes, the application of refrigeration and associated technology is applied. .,40., Refrigeration engineering has become a highly specialized, technical subject in the past 25 years. A relatively short time compared to other industrial developments. Today, a modern screw type compressor can develop refrigeration capacities equal to old horizontal or vertical compressors that would require 50 times the space and use many times the energy.The range of refrigerants and equipment has also become wider and more diverse to give the refrigeration engineer a bigger choice in designing and developing systems for the complex requirements of modern industry. CIMCO existed prior to this massive technological expansion and has kept pace and grown with international industrialization, through an aggressive and constant program of research, development and manufacturing techniques. In recent years, CIMCO has become affiliated with Lewis Refrigeration Company in the U.S.A. Lewis Refrigeration Co. operates a refrigeration, engineering, manufacturing and contracting firm, similar in structure to CIMCO and was founded in 1953 with its head office in Woodinville(Seattle) with branches in many principal cities across the United States, and in England. Lewis is a pioneer in I.Q.F. freezing and holds several patents covering their fluidized food freezing systems. Other areas of Lewis experience include: concrete cooling systems for many of the world's largest dams, CO2 recovery systems for the food and beverage industries and freeze-drying of coffee. The Lewis "Unipaks" (packaged refrigeration systems)are used extensively in the process industries to provide refrigeration from as low as —250°F to +50°F. Applications include atmospheric pressure chemical storages on land, barges and ships; ammonia recovery and liquefaction; and various low temperature brine recirculation systems. These are but a few examples of Lewis technology which is now combined with that of CIMCO. Together, the total expertise of the two companies is unparalleled in the refrigeration industry in North America, and makes the combined resources of both companies, the largest of its kind in the world. Cimco and Lewis are Toromont Companies 410