01/10/19 Sports Authority Meeting

TODAY SPORTS AUTHORITY BOARD OF DIRECTORS MEETING TO ORDER WE REALLY APPRECIATE EVERYONE'S- MAKING THEIR SCHEDULES AVAILABLE TODAY AND I WERE WERE NOT OUR TRADITIONAL THURSDAY SO THANK YOU ALL

FOR COMING OUT TODAY AND IT IS HARD TO BELIEVE BUT WE'RE ON TO A NEW YEAR CERTAINLY A LOT HAS HAPPENED SINCE OUR LAST MEETING INCLUDING OUR VERY OWN TITANS CLOSING OUT A VERY SUCCESSFUL TWENTY EIGHTEEN SEASON WITH NINE WINS

HE SENT STADIUM ALSO HOSTED THE MUSIC CITY BOWL ON DECEMBER TWENTY EIGHTH BETWEEN AUBURN AND PRODU WHERE MORE THAN FIFTY THOUSAND FANS WERE ATTENDANCE THE NEXT DAY BRIDGESTONE ARENA HOST OF THE NATIONAL PREDATORS FOR HOME GAMES ARENA TEAM HAS BEEN Z

AS USUAL HOSTING VARIOUS EVENTS INCLUDING ONE OF THE BEST OF THE YEAR WHICH IS THE SCOTT HAMILTON AND PRINCE EVENT AT AND I HAVE A FEELING WE'LL HEAR A LITTLE BIT MORE ABOUT THAT LATER TODAY AND SINCE THE NEW YEAR THE PRESS HAVE BEEN ON A ROLL LAST NIGHT WAS REALLY IS SIDING WITH THE OVERTIME WIN AGAINST THE BLACKHAWKS IN CHICAGO SO — WE NO DOUBT — ON TO GREAT THINGS IN IN TWENTY NINETEEN AND IT'S A PLEASURE TO LOOK FORWARD TO THE NEW YEAR WITH WITH ALL THE WE'RE CERTAINLY PLEASED TO BE HERE TODAY AT FORD ICE CENTER

AND WE WILL HEAR MORE ABOUT THE INCREDIBLE JOB THEY'RE DOING HERE AT THIS FACILITY LATER IN OUR MEETING BUT I DO WANT TO GO AHEAD AND THINK DANNY BUT THE FOLKS HERE FOR HOSTING US AS YOU KNOW THE APPEALS PROCESS FOR ANY ACTION OF THE SPORT CAN BE FOUND AT THE TOP OF TODAY'S AGENDA YOU HAVE THE MEETING MINUTES FROM OUR NOVEMBER FIRST TWENTY EIGHTEEN MEETING REPORT PACKET

EVERYONE SHOULD HAVE HAD A CHANCE TO REVIEW THIS [inaudible] AND AT THIS TIME WE WOULD ENTERTAIN A MOTION TO APPROVE THOSE MINUTES APPROVAL SECOND PROPERLY SECONDED ANY DISCUSSIO ALL IN FAVOR TO APPROVE THE MINUTES [inaudible] HI [inaudible] THOSE THREE MINUTES ARE PRETTY

YOU ALSO HAVE BEFORE YU REVISED MEETING MINUTES FROM JUNE TWENTY FIRST — MONTHS AFTER THE BOARD THE BOARD MEETING STAFF NOTICE TO THE SECTION WHERE THE AUTHORITY APPROVED AN EXTENSION TO OUR AGREEMENT WITH THE TENNESSEE SPORTS HALL OF FAME THAT SECTION WAS INADVERTENTLY OMITTED THE STAFF HAS SINCE GONE BACK

WOULD BE THE VIDEO AND CAPTURE THAT DISCUSSION THUS WE HAVE THE REVISED MEETING MINUTES FROM JUNE IN OUR PACKAGE AS WELL AND YOU CAN FIND INTEND TO PAGE [inaudible] FIVE THERE IS ANY QUESTIONS WOULD ENTAIL ENTERTAINERS OTHERWISE WE WOULD LOVE TO HAVE A MOTION FOR APPROVAL [inaudible] FROM

SECOND MOTION AND PROPERLY SECONDED ANY FURTHER DISCUSSION ALL IN FAVOR SAY AYE ARE EYES THOSE MINUTES ARE ALSO PROOF OF AND NOW WE WILL HEAR FROM OUR EXECUTIVE DIRECTOR FOR THE MORNING EVERYONE THANK YOU FOR BEING HERE TODAY

WE DO HAVE A LINK THE ISN'T AS YOU CAN SEE IF I WILL KEEP MY COMMENTS IS AS A SORT OF POSSIBLE AND MOST OF THEM ARE JUST HOUSEKEEPING — FIRST I WANTED TO ANNOUNCE THAT SINCE OUR LAST MEETING AT LESLIE RAM AND QALAT HAMA — HAVE BOTH THE DUE TO SOME PROFESSIONAL AND PERSONAL REASONS SUBMITTED LETTERS OF RESIGNATION — FROM THE BOARD DAY I'VE SPOKEN WITH THEM THEY HAVE SUCH GREAT RESPECT FOR YOU ALL HAS THEIR COLLEAGUES FOR THE WORK OF THIS BODY FOR FACILITY PARTNERS AND AND ALL OF OUR FRIENDS — AND UNFORTUNATELY THEY JUST WERE NOT ABLE TO SERVE AS LONG AS WE HAVE DONE THAT HAPPENS SOMETIMES BUT I LESLIE'S SPECIFICALLY IS INTERESTED IN WAYS THAT YOU CAN CONTINUE TO SERVE — HEY AND THE END USER IN FOR OUR FACILITIES IN THAT WAY

SO THE MAYOR IS CONSIDERING POSSIBLE NOMINEES IN AS SOON AS WE HEAR FROM HIM WE WILL WE WILL LET YOU KNOW — I'D LIKE TO THANK EVERYONE WHO WAS A PART OF YESTERDAY'S PRESENTATION OF THE MLS STADIUM PLAN TO THE RATING AGENCIES A GREAT PRESENTATION A LOT OF WORK WENT INTO — TO YESTERDAY AND SO I'D LIKE TO THANK MAYOR BRILEY MATCH OUR TREASURE TIME AT HOME AND HE WAS HERE AND HEIDI A LAMB — WAYNE IN MLA FROM HELL TOP SECURITIES I'M NOT SURE IF THEY MAY I DO SEE THEM BACK THERE — LAURA WOMACK OUR OUR INANCE THE LAW DIRECTOR OF OUR MARKET DARBY CAME BACK IN FOR BEING THERE IT WAS A IT WAS THAT IT WAS A GREAT PRESENTATION AND SO WE APPRECIATE EVERYONE'S HELP AND SUPPORT — ALSO IT'S JANUARY SO I WANTED TO QUICKLY POINT OUT THAT YOUR ATTENDANCE CHARTS FROM TWO THOUSAND EIGHTEEN OR IN YOUR FOLDERS OF OUR GOVERNMENT DOCUMENTS SPEAK TO ATTENDANCE WE NOW INTEND THIS IS IMPORTANT — AND SO IT BUT WE ALSO RECOGNIZE THE THINGS COME UP AND LIFE HAPPENS — BUT THERE'S NO QUESTION THAT WHEN WE ARE ACTIVE AND ENGAGED AND PRESENT IT ELEVATES THE ENTIRE WORK SO YOU CAN TAKE A LOOK AT HER — INSIDE YOUR FOLDER YOU CAN SEE YOUR ATTENDANCE FROM LAST YEAR IF YOU HAVE ANY QUESTIONS FEEL FREE TO REACH OUT TO ME OR TO AT LEAST IF YOU THINK THERE'S AN AIR

LET US KNOW AND LASTLY IN THIS IS THESE ARE THE FUN WHEN SOMEONE WITH ADAM NEWS THE HAPPY BIRTHDAY TODAY'S HIS BIRTHDAY AND I DON'T SEE ADAM AND THEN THERE IN THE END THIS ONE'S REALLY SPECIAL BECAUSE SINCE OUR LAST MEETING CLINTON HEARING ARE SPECIALLY THAT CORNER GOT MARRIED AND SO WE WANT

TO CONGRATULATE HIM AND THAT CONCLUDES MY REPORT THANK YOU MONICA NEXT ON OUR AGENDA IS OUR PERSONAL COMMITTEE REPORT I BELIEVE

CHAIRMAN CHUCK MERIWETHER WILL GIVE US THE REPORT THANK YOU MADAM CHAIR AND GOOD MORNING — EVERYBODY HAPPY NEW YEAR THANK YOU FOR BEING HERE WELL MADAM CHAIR THE PERSONNEL COMMITTEE MET ON DECEMBER THIRTEENTH OF THE ANNUAL EVALUATION OF THE EXECUTIVE DIRECTOR THE RESULTS OF THE EVALUATION BY COMMUNITY COMMITTEE MEMBERS INDICATED THE BOARD VERY PLEASE WITH MONACO'S HARDWORKING HER ■DEDICATION AND HER PERFORMANCE

THEREFORE THE COMMITTEE RECOMMENDS APPROVAL OF THE TWO POINT FIVE INCREASE AUTHORIZED BY MITCHELL HRO FOR DEPARTMENT HEADS THE INCREASE FOR THE CURRENT FISCAL YEAR TWENTY NINETEEN AND THE BUDGET CAN ABSORB IT THANK YOU FOR REPORTER THERE ANY QUESTIONS REGARDING THE PERSONNEL [inaudible] COMMITTEE

I BELIEVE AT THIS TIME WE WOULD ENTERTAIN A MOTION TO APPROVE — THE COMMITTEE'S RECOMMENDATION I WOULD MOVE APPROVAL MOTION IS THEIR SECOND SUSPECT MOTION AND SECOND OF ALL IN FAVOR — OF RECOMMENDATION I WANTED TO HAVE OTHERS [inaudible] ANY PROPOSED

SCENE NINE THE RECOMMENDATION PASSES NEXT UP — I BELIEVE THE SAME DAY ON DECEMBER THIRTEENTH OR FINANCE COMMITTEE MET IN OUR NEW COMMITTEE CHAIRMAN IS JOHN GLASS MEYER AT THIS TIME DIRECTOR CLASS MY REGULAR THIS IS A REPORT THANK YOU MADAM CHAIRMAN WE HAD THREE ITEMS THAT WILL NEED — FOR THE BOARD APPROVAL — THE FIRST ITEM IS CONSIDERATION OF IRAQ RESOLUTION AUTHORIZING THE INCREASE

IN THE PROJECT MANAGEMENT CONSULTING SERVICES FOR THE ARENA REVENUE FUND — RELATED TO THE PRIMARY PLANNING DESIGN CONSTRUCTION OF THE MLS STADIUM THE FINANCE COMMITTEE DID APPROVE THIS WITH A QUESTIONS AROUND BUT THIS TALE MANAGER WOULD YOU CALL THE DO I MAKE THE MOTION OR DO YOU MAKE THE MOTION TO APPROVE THE IS IS THE COMMITTEE'S RECOMMENDATION TO YES I'M SORRY LET ME JUST GET CAUGHT UP WITH THE GUYS ARE NOT WHAT THEY USED TO BE SO THE THERE IS A MOTION — FOR A CRUCIAL FOR THE FINANCE COMMITTEE

READ RESOLUTION AUTHORIZING AN INCREASE IN PROJECT MANAGEMENT CONSULTANT SERVICES RELATED TO THE PULMONARY DESIGN PLANNING AND CONSTRUCTION OF MLS STADIUM IT'S UNDER TEN FIVE OR OR THE DETAILS HOWEVER MOTION IS THERE A SECOND SO ANY FURTHER DISCUSSION SEEING NONE ALL IN FAVOR SAY AYE [inaudible] WE OPPOSE

NO OPPOSITION THE RESOLUTION — RECOMMENDATION PASSES THE SECOND ITEM IS CONSIDERATION OF THE FISCAL YEAR NINETEEN BRIDGESTONE ARENA AUDIT AND AGREED UPON PROCEDURES — BUT THIS WAS A CPA IF WE KEEP RIGHT HERE AT THE AUDITOR IS HERE IF THERE ANY QUESTIONS FROM THE BOARD THE FINANCE COMMITTEE DID — RECOMMENDED APPROVAL

ANY QUESTIONS FOR ME AT TIMES IT MADE SO WE HAVE A RECOMMENDATION TO APPROVE — THE TWENTY NINETEEN BRIDGESTONE ARENA AGREED UPON PROCEDURES IS THERE A SECOND I BELIEVE IT WAS THE THERE WAS A MOTION AND ABOUT IT AND AGREED ON PROCEDURES MOTION KATHY MADE A MOTION

I DID A BAD IN HERE — PROPERLY SECONDED TO SEVEN AND ALL IN FAVOR SAY AYE THE ARENA ON IT HAS BEEN APPROVED NEXTEL SHARE THE LAST ITEM WAS CONSIDERATION OF THE BRIDGESTONE ARENA AT THIS SCHOOL YEAR — TWENTY TWENTY PROPOSED OPERATING BUDGET THE FINANCE COMMITTEE DID RECORD [inaudible] TO THE OKAY WE HAVE A THE IS THERE A MOTION TO APPROVE WITH HIS RECOMMENDATION OF MOTION WAS OUR SECOND

SECOND SECOND — FIVE A FELLOW COMMITTEE MEMBER MISTER DUDLEY HERE WS TWO IS ACTIVELY ENGAGED IN IN THIS COMMITTEE CERTAINLY SO — WE HAVE A MOTION AND PROBABLY SECONDED ANY FURTHER DISCUSSION SEEING NONE ALL IN FAVOR SAY AYE [inaudible] ANY OPPOSITION [inaudible] HEARING NONE [inaudible] PASSES AND THAT CONCLUDES THE ITEMS FROM THE FINANCE COMMITTEE

JOHN I THINK THERE IS ONE MORE DISCUSSION DURING THE COMMITTAL SORRY YES THERE'S THE SORRY REGENERATED TWENTY TWENTY PART HAS LIMITED CAPITAL BUDGET WAS PRESENTED TO US THERE'S NO NO — BOTH AT THIS POINT THANK YOU I WAS OUT AND I CAN SPEAK TO THAT REAL QUICKLY SO — LAST JANUARY AT THIS MEETING THE FINANCE COMMITTEE APPROVED AND PROCESS AND APPROVALS OR SIFT PROJECTS AT BRIDGESTONE ARENA — AND SO OUT OF THAT PROCESS EACH JANUARY THE THE COMMITTEE WILL REVIEW — A PRELIMINARY LIST OF ITEMS SUBMITTED BY THE PREDATORS — THEY ALSO RECEIVE AN UPDATE ON CURRENT PROJECTS AND THEN WE WILL HAVE SOME TIME TO TO LOOK AT THOSE TO SEE IF THERE ANY CHANGES THAT NEED TO BE MADE OVER THE NEXT COUPLE OF MONTHS AND THEN THIS SPRING WE WILL COME BACK AND THE BOARD WILL CONSIDER THE FINAL LIST OF CIVIC PROJECTS SO THAT THEY CAN THEN BE SUBMITTED TO THE BANK

THE THIS IS THIS IS — INFORMATION ONLY BUT THERE IS A LIST AND WE DO WANT TO MAKE SURE THAT YOU ALL ARE AWARE OF WHAT'S COMING DOWN THE PIKE AND SERVED AS THE CAPITAL IMPROVEMENT FUND CAPITAL IMPROVEMENT FUND AGAINST THANK YOU FOR THAT CLARITY — OKAY SO AT THIS POINT THAT MOVES US THROUGH OUR COMMITTEE REPORT THANK YOU MISTER JOHN GLASS MEYER CHAIR — THERE'S NOTHING FURTHER REGARDING FINANCE COMMITTEE WE WILL MOVE ON TO THE DOWNTOWN PARTNERSHIP

I BELIEVE WE HAVE WITH US TODAY TOM TURNER AND MUSCLE PAIN FROM THE PARTNERSHIP AND RUSSELL PAIN WILL GIVE US A PRESENTATION BEFORE WE CONSIDER A RESOLUTION THAT IS BEFORE US VERY GOOD THANK YOU VERY MUCH FOR YOUR TIME I KNOW WE HAVE AN AGENDA BEHIND US — SO WE'RE GONNA TRY AND KEEP THIS ABOUT FIVE MINUTES OR SO — WE'RE HERE TO TALK TO YOU TODAY ABOUT I BELIEVE IT'S A ITEM NUMBER – SEVEN RENEWAL OF THE EXISTING CONTRACT THERE IS PROVISION IN THERE THAT ALLOWS FOR A ONE TIME RENEWAL — WILL GIVE YOU A QUICK OVERVIEW OF THE PROGRAM THE SHOULD BE IN YOUR PACKET SO THIS IS ONE OF MY WORK OFF OF I DON'T KNOW IF YOU CAN SEE THE SCREEN OVER HERE

BUT TALK ABOUT TWO MAIN COMPONENTS OF THE PROGRAM TAKE SOME QUESTIONS AT THE END AND SEEK APPROVAL SO — WORKING INTO THIS FIRST SLIDE — ONE OF THE MAIN PROBLEMS ARE PROGRAMS IS THE DAYTIME — SHUTTLE PROGRAM THAT WE HAVE WE HAVE BEEN RUNNING THIS TWO THOUSAND TO SO MANY OF LAST YEAR WAS SIXTEEN YEARS OF SERVICE — THE FLEET CURRENTLY CONSISTS OF TWENTY NINE SHUTTLES — AND FIVE DAYTIME ROUTES AND HAS ABOUT FOUR THOUSAND RIDERS ON A DAILY BASIS SO IT IS DEFINITELY GROWN OVER THE YEARS — MOVING ON TO THE NEXT SLIDE THE SHUTTLE TO OPERATE FROM NISSAN STADIUM MONDAY THROUGH FRIDAY TYPICALLY SIX THIRTY TO SIX THIRTY PROVIDING PARKING AND THEN ET OPTIONAL WE ALSO OFFER FREE PARKING WITH WALKING ACCESS VIA A LOT HE WE DELIVER AS THEM NATIONAL DOWNTOWN PARTNERSHIP — THE MANAGEMENT THE SAFETY IN THE MAINTENANCE FOR THAT PROGRAM ON A DAILY BASIS

AND AS YOU CAN SEE THIS ALLOWS AN ACTIVATION OF A VALUABLE COMMUNITY ASSETS — OFFERS A VERY ECONOMICAL PARKING SOLUTION TO HELP SUPPORT THE COMMERCIAL ACTIVITY INFALLIBILITY OF THE DOWNTOWN AREA [inaudible] SKATING MOVING ON JUST WANT TO GIVE YOU A COUPLE OF TALKING POINTS ABOUT ECONOMIC INDICATORS AND HOW THE PROGRAM HAS GROWN AS NATIONAL AS GROUND — THESE ARE FROM OUR RESIDENTS REPORT IN OUR BUSINESS SINCE THE SURVEYING — WE TOOK A LOOK AT OUR TWO THOUSAND SIX IN TWO THOUSAND EIGHTEEN NUMBERS REALLY WANT TO POINT OUT THE RESIDENTS AND EMPLOYEES YOU CAN SEE AND 200-063-3004 TWO THOUSAND TWELVE IS ABOUT

SIXTY THREE HUNDRED SIGNIFICANT JOB IN TWO THOUSAND EIGHTEEN UP TO ABOUT ELEVEN THOUSAND DOWNTOWN RESIDENTS THOSE NUMBER- TO ARE FORECASTED TO CONTINUE TO GROW AS WELL AS THE DOWNTOWN EMPLOYEES — IN TWO THOUSAND SIX ALMOST FORTY SEVEN THOUSAND MODEST INCREASE IN TWELVE TO A LITTLE BIT OVER FIFTY THOUSAND A SUBSTANTIAL GROWTH AGAIN AND TWO THOUSAND EIGHTEEN WITH UP TO SEVENTY TWO THOUSAND DOWNTOWN EMPLOYEES SO HAS THAT FOLLOWS THE SHUTTLE PROGRAM GREW AS WELL WITH TWO THOUSAND SIX AT FIVE HUNDRED NINETY FOUR MOVING UP TO ABOUT TWELVE HUNDRED IN TWO THOUSAND TWELVE AND NOW THE THIRTY FOUR HUNDRED THAT'S JUST THE PHYSICAL WRITERS NOT PEOPLE THAT CHOOSE TO WALK IN SO THE GROWTH WAS FROM SIX TO TWELVE ABOUT A HUNDRED AND 5% AND THEN AGAIN FROM

TWELVE TO EIGHTEEN ABOUT A 190% TRANSPORTATION AND PARKING OR AS A CITY GROWS ALWAYS VERY CRITICAL TO THE SUCCESS — AND WE THINK THAT THE SHUTTLES HAVE HAD A VERY POSITIVE IMPACT ON THE DOWNTOWN — ALLOWING BUSINESSES TO CONTINUE TO GROW AND HEAR SOME OF THE NUMBERS WE FALL THAT YOU MIGHT FIND INTERESTING THAT NINETEEN WE PROVIDED OVER ONE POINT SEVENTY FIVE MILLION TRIPS FROM NISSAN STADIUM SO IT IS DEFINITELY NOT A SMALL PROGRAM ANYMORE — NINETEEN ALMOST TWO MILLION WHERE — ONE NINE TO FIVE INTERESTINGLY ENOUGH THIS IS MORE TRIPS AND MUSIC CITY STAR AND ALL THE RTA VANPOOL TRIPS COMBINED SO

SEEMS TO BE DOING VERY WELL THERE IT'S ALSO INTERESTING TO NOTE THAT WITH YOUR SUPPORT REALLY LEVERAGING AN ASSET THAT WAS UNDER UTILIZED PREVIOUSLY SO FOR YOU TO TURN AROUND AND TRY AND BUILD THE SPACES YOU KNOW IT'S REALLY ALMOST WHAT'S THE RETURN ON INVESTMENT ON THIS FORTY FIVE HUNDRED SPACES ON AVERAGE ABOUT THIRTY THOUSAND DOLLARS A SPACE THAT'S LEVERAGING A HUNDRED THIRTY FIVE MILLION DOLLARS OF SPACE OUT THERE SO IT IS DEFINITELY A POSITIVE THING FOR THE CITY

TO CONTAIN THIS PROGRAM AND IT HAS HELPED FUEL THE GROWTH FOR COMPANIES LIKE PHILIPS WARNER TELL PEOPLE PRODUCTS SERVICE SOURCES SMILE CLUB DIRECT AND HOUSE ALL OF OUR WHICH ARE CLIENTS OF OURS AND WE DO SEE GROWTH COMING NINETEEN THROUGH — TWENTY ONE IF YOU LOOK AT ALL OF THE ENTITIES THAT ARE ON HERE ESPECIALLY WITH THE MOST RECENT ANNOUNCEMENT OF AMAZON'S BRINGING FIVE THOUSAND ADDITIONAL EMPLOYEES TO THE DOWNTOWN AREA THAT'S ANOTHER FOURTEEN THOUSAND FIVE HUNDRED THROUGH THE END OF TWENTY ONE ALSO HOW LONG IS THIS IS THE PAST — IF YOU PURCHASE OF PASSES THAT FOR WHAT LENGTH OF TIME IT'S FOR A ONE MONTH AT A TIME

SO WE TALKED A LITTLE BIT ABOUT THE GROWTH COMING DOWN THE ROAD FOR THE NEXT FEW YEARS BUT WHAT'S REALLY HAPPENING TO AS I- NINETEEN COUPLE THE KEY ITEMS — RIDERSHIP IS ANTICIPATED TO GROW BY A LITTLE BIT OVER FIVE HUNDRED FIVE HUNDRED TWENTY FIVE SO WE'VE GOT RIGHT NOW THROUGH THE JUNE OF THIS YEAR SO WE ARE GOING TO HAVE SOME — SIGNIFICANT GROWTH WILL BE SHARING SOME SPACES THE STATE OF TENNESSEE IS GOING TO BE BRINGING — AND WRAPPING UP TO A MATCH USE OF ABOUT A THOUSAND SPACES THAT'S GOING TO BE A SHORT TERM USE — AND THEY WERE ALWAYS GOING TO BE EVALUATING OPPORTUNITIES AND SYNERGIES FOR OFF PEAK SERVICE THAT IS TO SAY CAN WE UTILIZE A SERVICE TO PROVIDE ECONOMICAL PARKING TO THE DOWNTOWN EMPLOYEES VISITORS RESIDENCE — IN THE EVENINGS AND WEEKENDS MOVING ON TO BE WHICH IS OUR BEST EVER OF THE PROGRAM — THIS IS FREE PARKING WITH OPTIONAL SHUTTLE SERVICE FROM BRIDGESTONE ARENA VANCE — IT HAS BEEN GOING SINCE MARCH OF TWO THOUSAND TEN I HAVE A COUPLE DIFFERENT NUMBERS YOU CAN SEE

EIGHTEEN WE DID A HUNDRED THIRTY SEVEN EVENTS — AND AS WE WALK DOWN THROUGH — CARS UTILIZE ALMOST FOURTEEN THOUSAND DOLLARS SIXTEEN SEVENTEEN THOUSAND WALKERS TOTAL PEOPLE TO UTILIZE A SERVICE IN JUST EIGHTEEN WAS ABOUT TWENTY NINE THOUSAND BUT THE IMPRESSIVE NUMBERS ARE ON THE YEAR TO DATE HER SINCE INCEPTION — SERVICED ALMOST A THOUSAND WEEKNIGHT AND EVENING — EVENTS HUNDRED FIVE THOUSAND CARS A HUNDRED THOUSAND WALKERS HUNDRED TEN THOUSAND SHUTTLE RIDES ARE THIS SINGLE TRIPS — AND THEN OVER TWO HUNDRED TEN THOUSAND THAT AREA FOR PARKING TO WALK IN THE DOWNTOWN OR GET A MORE ECONOMICAL WAY

TO GET TO THE ARENA SEVENTEEN VERSES EIGHTEEN WAS UP A LITTLE BIT — VINCE WERE UP ABOUT 9% WHICH TOTAL SHOW RUNNERS UP FOURTEEN AM TOTAL OF RIDERS IN WALKER'S WAS UP 4% SO WE COULD SEE SOME INCREASE THEIR THE LAST SLIDE IS JUST GIVING YOU AN OVERVIEW OF BEST OF AND PARKING- BEST EVER OF THAT PARKING A BEE NOT ONLY SERVES — THE PATRONS THAT GO TO EVENTS IN BRIDGESTONE ARENA BUT IT ALSO SERVES

THE BRIDGESTONE MARIA NOW — VENDORS EMPLOYEES AND SERVICE PERSONNEL — AND THEN WE ALSO PROVIDE SUPPORT FOR THE SEC BASKETBALL TOURNAMENT SINCE HE'D UP LATE TERM IT'S WE HAVE HERE THE NHL ALL STAR WE PARTICIPATED IN PLAYOFF GAMES — STANLEY CUP VIEWING POTTERY AND THAT IS REALLY THE TWO MAIN ITEMS AND I WILL OPEN IT UP FOR QUESTIONS RELATED TO THE CONTRACT AND SEE IF WE CAN SEEK APPROVAL I HAVE ONE QUICK QUESTION YES SIR

WHAT WHAT ARE THE HOURS OF OPERATION — WE ARE TYPICALLY SIX THIRTY TO SIX THIRTY MONDAY THROUGH FRIDA- WE HAVE SOME ROUTES TO GO TO EIGHT THIRTY THAT ARE PRIVATE ROUTES FOR LARGER BASE EMPLOYEE AND I'M SURE WE DO BUT YES IF YOU WOULD — HANDICAP ACCESS YES SIR WE DO HAVE SHUTTLES FOR THAT — THEY'RE ALL MERGED ON THERE ALWAYS RUNNING — WE ALWAYS HAVE ONE IN THE MORNING AS WELL WE HAVE RADIO SYSTEM SO IF SOMEBODY NEEDS ONE THAT THEY'RE NOT ON A SPECIFIC ROUTE WE CAN HAVE ONE OVER THERE AND FIVE TEN MINUTES TOPS [inaudible] THANK YOU YES I HAVE QUESTIONS ABOUT YOUR REVENUES YES MA'AM THAT'S NOT IN HERE OF COURSE — AND YOU AE ASKING TO NOT PAY — FOR SO FOR YOU ASKING FOR FREE PARKING FOR FIVE MORE YEARS STRIVE [inaudible] WHAT? WHERE DO YOU READ WHERE THE REVENUES FROM THE HARSHER HATH WHERE DID THEY GET HOW DO YOU SPELL — EIGHT IS THE REVENUES ARE NOT COMPLETELY CAPTURED FROM — PAST SALES SO

THE PAST SALES FLOW TO THE NATIONAL DOWNTOWN PARTNERSHIP AND THEN WE HAVE SUPPORT — FROM CONTRACTS AND METRO THAT ALLOW US TO COVER THE REMAINING COST SO AT THE END OF THE DAY THERE IS NOT A PROFIT THAT FLOWS THROUGH THIS — BUT IT IS THROUGH OUR CONTRACT WITH METRO PARKING CONTRACTS SO THERE'S NOT REVENUE BEING SPUN OFF OF IT I'M NOT SURE I UNDERSTAND SO LET ME ASK A FEW QUESTIONS AND SO HOW MUCH DO YOU CHARGE FOR MONTHLY PARKING FORTY DOLLARS ALL RIGHT AND THAT FORTY DOLLARS GOES TO THE DOWNTOWN PARTNERSHIP YES MA'AM

AND THEN THE DOWNTOWN PARTNERSHIP HAS A CONTRACT WITH HIM WITH METRO TO MANAGE THE LIBRARY PARKING FACILITY OUT SO THAT THE KIND AND SO YOU HAVE THE CONTRACT WITH THE LIBRARY PARKING FACILITY HAS HAD THESE REVENUES YES MA'AM IN ORDER TO DO THE ACTIVITIES OF THE DOWNTOWN SAYING YES MA'AM WE GUARANTEE A LEASE TO METRO AND THEN WHATEVER IS AT THE BOTTOM LINE DOES GO TO COVER THE REMAINING COST IS THAT REVENUES FROM THE LIBRARY — CONTRACT HELP TO PAY FOR THE SHUTTLES AND OTHER THINGS THAT

HELP MAKE THIS POSSIBLE IS WHAT YOU SAY YES MA'AM AND THEY TYPICALLY GO TO THE METRO GENERAL FOND AND SO WE CAN ACCESS THOSE FUNDS — THROUGH METRO AND STAND THANK YOU OKAY ANY OTHER QUESTIONS SEE ANY FURTHER QUESTIONS OF RUSSELL THANK YOU FOR YOUR EXAMINATION BILLY MONICA IS GOING TO WALK IS A LITTLE BIT THROUGH THE THE REQUEST — AS RELATED TO THE SPECIFIC RESOLUTION WERE CONSIDERING IT AND MONICA

AND RUSSELL THANK YOU I MEAN IT'S VERY CLEAR THAT THE PROGRAM IS EXPERIENCED TREMENDOUS GROWTH OVER THE YEARS AND SINCE YOU'VE BEEN — COMING TO US AND WE APPRECIATE THE UPDATE AND WHEN I MAKE SURE THAT WE HEAR FROM YOU A LITTLE MORE FREQUENTLY SO WILL WILL START TO DO THAT AS RUSSELL SAID THE SPORTS AUTHORITIES AGREEMENT WITH THE NASHVILLE IN DOWNTOWN PARTNERSHIP PROVIDES FOR THE USE OF SPORTS AUTHORITY CONTROLLED LIFE'S A B

D [inaudible] HE IN T AND OUR AND R IS THERE TO SECTIONS THAT THEY USE BOTH OF THOSE — IT IS IT WE D NOT CHARGE THE DOWNTOWN PARTNERSHIP — UNDER THE AGREEMENT A PARTNERSHIP MAINTAINS THE LOT IN IN A ASSOCIATED BUS SHELTERS THE CURRENT AMENDED AND RESTATED AGREEMENT EXPIRES ON FEBRUARY FIRST THERE IS A PROVISION FOR A FIVE YEAR RENEWAL

THE DOWNTOWN PARTNERSHIP IS NOT CHANGES — TO THE TERMS OF THE CONTRACT WITH THE EXCEPTION OF EXTENDING IT OUT AN ADDITIONAL FOUR MONTHS SO THAT THE TERM IN THAT COINCIDING WITH ONE OF THEIR MAJOR USERS THEIR EXISTING USER SO WE WILL — WE WILL CONTINUE TO OPERATE AS WE HAVE OPERATED AS WITH ALL MAJOR CONTRACTS THERE IS THE TERMINATION PROVISION AND RUSSELL AND I HAVE HAD SOME CONVERSATIONS EVEN AS RECENT AS YESTERDAY AND WE ALL UNDERSTAND THAT DOWNTOWN IS CHANGING DRASTICALL- VERY QUICKLY AND WE CLEARLY VALUE THE WORK AT THE DOWNTOWN PARTNERSHIP AND WHAT DAY ALLOW – TO HAPPEN IN NASHVILLE BECAUSE THERE YOU'RE EXACTLY RIGHT THERE A LOT OF CORPORATIONS AND AND COMPANIES THAT WOULD NOT BE HERE OR NOT FOR THAT THAT THAT'S PARKING SO WE APPRECIATE THAT WE WILL — WE WILL BRING THAT THE PARTNERSHIP BACK BUT THAT IS THE AMENDMENT THAT'S BEFORE YOU THERE IS A RESOLUTION AUTHORIZING — AUTHORIZING THAT THIS TIME THE BOARD WOULD ENTERTAIN A MOTION TO APPROVE THE RESOLUTION IS IT SENDING THE CURRENT AGREEMENT WITH THIS BETWEEN SPORTS AUTHORITY IN THE DOWNTOWN PARTNERSHIP

I WOULD MOVE APPROVAL OF THE RESOLUTION [inaudible] SECOND WE HAVE A MOTION PROPERLY SECONDED ANY FURTHER DISCUSSION [inaudible] NONE ALL IN FAVOR SAY AYE ANY OPPOSED EYES HAVEN'T MOTION CARRIES

THAT BRINGS US TO OUR MLS STADIUM UPDATE WE HAVE REPRESENTATIVES HERE TODAY THAT INCLUDE AMERICA MARA- CFO WITH [inaudible] YEAH INGRAM INDUSTRIES AND I BELIEVE ALSO WE HAVE — SOME OTHER REPRESENTATIVES AS WELL FROM THE THE OWNER SCRIPT [inaudible] IT'S A THANK YOU MADAM CHAIR FOR THE MORNING SO I'LL START WITH — NATIONALIST C R

U S HEALTH CLUB IS BEGINNING ITS SECOND SEASON — STARTING IN FEBRUARY AND AGAIN THEY'LL BE PLAYING AT FIRST TENNESSEE PARK ON THE SEASON STARTS ON FEBRUARY TWENTY SECOND WITH A PRE SEASON FRIENDLY AGAINST AN MLS CLUB NYC FC — WE'RE ALSO EXPECTING A REALLY IT WITH SOME NEW PLAYERS THAT WE'VE BEEN ADDING AS WE PREPARE FOR MLS LAUNCHING

TWENTY TWENTY ON THE CLUB IS FOCUSED ON PREPARING FOR THE MLS STARRED IN THEY'LL BE MORE NEWS TO COME AS WE MOVE — THROUGHOUT THE YEAR — SO A LOT OF GOING ON ON THE MLS FRIENDS WHAT I'D LIKE TO DO NOW IS — THE CHAIR REFERENCED IS TO INTRODUCE MARK FAR HALL HE'S AN EXECUTIVE VICE PRESIDENT WAS CA ICON HE HAS SIGNIFICANT EXPERIENCE WITH BUILDING — PROFESSIONAL SPORTS FACILITIES AND HELP PROVIDE A BRIEF UPDATE ON THE STATUS OF A PROJECT [inaudible] THANKS QUESTION ARE YOU WANTING ANYTHING TO HELP PROMOTE THIS SHE BELIEVES CAP THAT'S COMING AT THE FOURTEENTH- WOMEN'S TEAMS NATIONALLY RANKED WOMEN'S TEAMS IN MARCH I BELIEVE THAT THE U S L

CLUB IS DOING THAT AND WE KNOW THAT IT'S ON OUR RADAR AND WE'LL BE HAPPY TO FOLLOW UP WITH YOU WITH THE SPECIFIC THINGS THAT ARE GOING ON AND JUST INTERESTED YEAH ABSOLUTELY PROMOTING SOCCER AND ANY TYPE IS IMPORTANT FOR ALL OF US THINKING THANK YOU VERY GOOD MORNING AS IT'S NICE THAT I'M MARK FOR EXACTLY VICE PRESIDENCY A HIGH CONVERT THE OWNERS WRAPS UP FOR THE PROJECT — VERY BRIEF UPDATE TODAY — WE CONTINUE TO PROGRESS THROUGH OUR SCHEMATIC DESIGN PHASE OF THE PROJECT — THAT'S GOING IS GOING VERY WELL WORKING WITH POP LISTEN HE'S TEENS AND AND THE BALANCE OF THE OTHER DESIGNERS AND THAT ARE WORKING ON THE PROJECT IN A PART OF THAT DESIGN TEAM — WE ARE ALSO — JUST RECENTLY STARTED WORKING WITH MORE INCIDENT NASSER WHICH WERE REVEALED ABOUT — TO HAVE OUR CONSTRUCTION MANAGER ON BOARD IN HELPING US AS WELL TO ON THAT PIECE OF IT — WE ALSO RECORDED EIGHTEEN ON A DAILY BASIS — WHAT THE OTHER PROJECTS GOING ON AT THE FAIRGROUNDS TO MAKE SURE THAT WE? WE COORDINATE APPROPRIATELY UNDERSTAND WHAT'S GOING ON UNDERSTAND THEIR TIME LINES AND LOGISTIC PLANNING — THERE'S QUITE A BIT OF ACTIVITY AS YOU GUYS KNOW GOING ON OUT THERE IS WE WILL MAKE SURE THAT WERE WELL COORDINATED ORCHESTRATED ON ON HOW THAT WORK TAKES PLACE AS WELL AS ALSO INCORPORATING

THE FUTURE MIXED USE DEVELOPMENT AS WELL TOO SO LOTS OF ACTIVITY GOING ON I'LL COME OUT COMING OFF THE HOLIDAY BREAK — BUT THE MAIN EMPHASIS WE WORKING ON RIGHT NOW IS TO PROGRESS OR SCHEMATIC DESIGN PHASE OF THE PROJECT DO WE HAVE ANY QUESTIONS FOR MISTER FAR OFF THANK YOU THANK YOU FOR JOINING US THIS MORNING AS WE MOVE INTO CONSIDERATION OF THE TWO MON RESOLUTIONS WE HAVE HAD SEVERAL MEMBERS OF A LARGE TEAM THAT HAVE WORKED TO GET US TO THIS POINT

METRO TREASURE TOM ADLEMAN — WAYNE PLACID AND EMILY HUNLEY WITH HILL TOP SECURITIES LILLIAN BLACKS HERE IN JEFF OLDHAM BOND COUNSEL ABOUT SPRING SAM'S AND OF COUSE& OUR OWN ATTORNEY MARGARET DARBY- WE WANTED TO JUST TAKE A MOMENT RECOGNIZE

EVERYONE IT'S BEEN INVOLVED TO DATE AND I BELIEVE ONE WILL — TAKE US THROUGH AN UPDATE OF WHERE WE ARE ON CONSIDERING THE BOND RESOLUTION THANK YOU MANAGER THE YESTERDAY WE WAS A VERY IMPORTANT DAY FOR THIS WHOLE PROCESS AND THE CHAIRMAN AND THEN MONICA AND THE TEAM THAT — SHE JUST MENTIONED ALONG WITH OTHER REPRESENTATIVES INCLUDING THE FAIRGROUNDS AND THE AND THE TEAM THE THE MLS TEAM — HOSTED — STANDARD AND POOR'S IN TOWN AND MOVIES ON A PHONE CALL TO TO DISCUSS THE PROJECT AND GO OVER WHAT'S WHAT IS ENVISIONED FOR MLS IN NASHVILLE AND IBELIEVE THE? THE WHOLE PROGRAM WENT VERY WELL THE THE MORNING GROUP AND THEN WAS ACTUALLY IN TOWN AND WE TOOK THEM ON A TOUR OF THE FAIRGROUNDS SITE — OF THE STADIUM AND GOT TO LOOK AT THE JUST NOT THE STADIUM AT THE FAIRGROUNDS ITSELF BUT THE SURROUNDING AREA

IN SEEING ALL THE THINGS ARE HAPPENING OUT THERE WITHOUT A WHOLE LOT OF HOPE FOR A SECTION OF TOWN SO THAT WAS AN IMPORTANT DAY WE THE NEXT THING I WANT TO KIND OF TALK ABOUT IS THE TIMING THE LAST TIME I WAS IN FRONT OF THE GROUP WE TALKED ABOUT THE TIMING OF THE BOND ISSUE YESTERDAY WAS THE THE THE PRESENTATION THE RATING AGENCIES WE'VE ASKED HIM IF THEY COULD HAVE THEIR RATINGS BACK TO US B NEXT FRIDAY — THE AGREED AND THEN PRINCIPAL AND IF THEY NEED ANOTHER DAY OR SO THEN THE FOLLOWING TUESDAY IS IS KIND OF THE DEADLINE WE'RE LOOKING AT AT THAT TIME WILL RELEASE THE THE OFFICIAL THE PRELIMINARY OFFICIAL STATEMENT WHICH IS BASICALLY THE OFFERING MEMORANDUM FOR THE BONDS

WHICH IS VIEWED BY THE INVESTORS AS WHAT WAS HAPPENING WITH THE BONDS WHAT WE'RE TRYING TO SELL SO TEST THE THAN THE THE RATINGS ON THE EIGHTEENTH DISTRIBUTION OF THE POINT OF THE P O S

AND THEY WERE EXPECTING TO PRICE THE BONDS ON FEBRUARY FIFTH AND THAT IS WIN — THE THE OUR UNDERWRITING TEAM LED BY THE CITY BANK WILL GO OUT TO THE MARKET AND AND JUST THE IF THEY LEAVE MARKING THE BONDS FROM THE REAL THE FIRM PRICING ON WHAT THE BONDS ARE SELLING

FOR AND THEN THE PLAN IS TO CLOSE THE BONDS AND RECEIVE THE PROCEEDS ON FEBRUARY FOURTEENTH SO THAT'S KIND OF THE WHAT'S LEFT ON THE AGENDA OF THE BOND ISSUE [inaudible] OF WAYNE PROCEED AS THE CITY'S BOND — FINANCIAL ADVISER WHO VISORS ON ALL THE THE FINANCING THAT THAT THE CITY DOES HE WAS INSTRUMENTAL IN GETTING THE PRESENTATION TOGETHER WORKS TO THE RATING AGENCIES OF- OFTEN ON ON MULTIPLE ISSUES SO HE'S GOING TO GO OVER THE SUMMARY OF THE FINANCING WAS WHAT WE PRESENTED TO THE RATING AGENCY YESTERDAY AND THEN WHEN HE FINISHES WITH THAT AND LILY I THINK JUST GO MAKE THE PRESENTATION WILL COME UP AND TALK TO YOU SPECIFICALLY ABOUT THE BALL THE RESOLUTIONS

THAT ARE BEFORE YOU FOR CONSIDERATION TODAY THERE'S TWO DIFFERENT SOLUTIONS BOTH REQUIRED BY STATE STATUTE ONE IS AUTHORIZING THE BONDS AND THEN THE OTHER IS MORE DETAIL ABOUT WHAT IS GOING INTO MAKING UP THE BONDS FOR FOR THEIR SALES SO NOW I'LL TURN IT OVER TO YOU WHINE UNLESS THERE'S ANY QUESTIONS FOR ME [inaudible] QUESTIONS [inaudible] RIGHT THANKS TOM — MADAM CHAIR MEMBERS OF THE BOARD AS WAS MENTIONED I AM WITH THE HILLTOP SECURITIES — MANAGING DIRECTOR AND WE SERVICE FINANCIAL VISOR — TO METRO — NATIONAL — WE WERE ALSO INSTRUMENTAL IN DEVELOPING THE FINANCING — THE PLAN OF FINANCING WHICH I THINK IT'S NEXT SLIDE PLEASE — THE ASSUMPTION THAT WE USE IN DEVELOPING A FINANCING WAS — ONE GOT THE ABOUT NOT TO SEE — TO TWENTY FIVE MILLION DOLLARS – AND THE TOLL FINANCING WOULD BE TWENTY FIVE MILLION DOLLARS IN BOND PROCEEDS TWENTY FIVE MILLION DOLLARS IN A CONTRIBUTION BY THE TEAM — AND THE ANY COST OVER A HUNDRED RATING FOUR OUT RELATIVE TO THE PROJECT WOULD BE COVERED BY — BY THE TEAM — THE TRANSACTION WAS STRUCTURED AS A TAXABLE TRANSACTION

BECAUSE OF THE SECURITY PLACED – INVOLVED WHICH IS THE TEAM WHICH IS A WHICH DOESN'T QUALIFY FOR TAXES IN FINANCING SO THAT'S WHAT IT'S TOTALLY CONTACTS WITH TRANSACTION — THE FINANCING WILL COVER ALL OF THE CONSTRUCTION THE ARCHITECTS DESIGN POINTED SKEWS ME — JUST TO MAKE SURE THE BOARDS FOLLOWING ALONG WITH — TEN TWELVE SKEWS ME SAID TEN IN OUR OUR BOARD PACKET — WHAT I THINK COACH STARKS IS TRYING TO FIND IT SO? HARD AND ARE OUT TO GET THE WORLD — IT'S THE FINANCING ASSUMPTION THE HOT AND THE STRUCTURE OF THE BONDS WILL BE ONE WE WILL HAVE TWO YEARS OF CAP BY WHICH IS DOING THE CONSTRUCTION PERIOD THERE WILL BE NO PAYMENTS — THE PAYMENTS WILL COME FROM BOND PROCEEDS IT WOULD BE A TEN YEAR PARTS CALL — AND THEN — THE MAXIMUM TERM WILL BE THIRTY YEARS FROM THE DATE OF OPERATION

THE NEXT SLIDE PROVIDES YOU WITH RESOURCES AND USES OF THE PROCEEDS — AND AGAIN AS I MENTIONED BEFORE THE POOR AMOUNT OF BONDS WILL BE TWO HUNDRED TWENTY FIVE MILLION- THE THE USE OF THE FUNDS WILL B- ONE HUNDRED NINETY NINE MILLION FOR BY WILL BE TWENTY THREE MILLION — THEN COSTA VISIONS OF ONE POINT- ONE UNDERWRITERS DISCOUNT THIS IS THE PAYMENT TO THE THE GROUP OF UNDERWRITERS TO UNDERWRITE THE BONDS FOR MARKETING AND SELLING A BUNCH OF ONE POINT FIVE WISH TO LOOK TO TWO AND TWENTY FIVE MILLION — AS WAS MENTIONED BY — BY TOM — WE'RE PLANNING TO PRICE THE BONDS WE ACTUALLY SELL THEM ON THEIR FAVORITE FISH AND AND CLOSING ON THE FOURTEENTH THE THE VERY NEXT SLIDE SHOWS YOU THE STRUCTURE OF THE FINANCING — AS I MENTIONED BEFORE THE FIRST- FEW YEARS WILL BE CAPPED BY — THE FIRST ACTUAL PRINCIPAL PAYMENT OF THE BUNCH WOULD TAKE PLACE DOING — TWO THOUSAND TWENTY THREE AND FROM THAT POINT ON WE WILL HAVE WHAT IS CALLED A LEVEL THAT IN THE BEGINNING THAT EACH PAYMENT

FOR EACH YEAR AFTER THAT WILL BE THE SAME UNTIL MATURITY — AND THAT'S IMPORTANT BECAUSE OF OF RATING AGENCY LIKE TO SEE LEVEL THAT AT THAT NOT A SINGLE WHATEVER — AND SO THAT'S THE STRUCTURE THAT WE HAVE — AS WAS MENTIONED EARLIER WE HOPE TO GET A RATINGS — MAKES PRIDE TO THE THE EIGHTEENTH PROCEED WITH THE FINANCING — AND HOPEFULLY TO ADD A A SUCCESSFUL FINANCING BE GLAD TO ADDRESS ANY QUESTIONS ANYONE MAY HAVE DO WE HAVE ANY QUESTIONS FOR WAYNE YES I'M JUST CURIOUS I KNOW THAT THAT IS THAT BECAUSE THIS IS A PRIVATE ENTITY THAT YOU'RE NOT ABLE — TO HAVE TAX ADVANTAGE RACE AND IT'S A TAXABLE BOND ISSUE

HOW WHAT IS THE DIFFERENCE HOW DOES THAT WORK BETWEEN THE TIE WILL ISSUE AND TAX EXEMPT ISSUE- IT'S A PRIVATE — AGAIN THE THE TAX LAW AND BASIC ON THE THE NATURE OF THE PAYMENT OF THE BONDS IF IT'S A PUBLIC — PLEDGE ARE RAVING ISSUES THE TO PAY THAT IT'S IT'S A PUBLIC OFFERING FOR EXAMPLE — LIKE JOE OBLIGATION BONDS WHICH EVERYONE'S TAX FOR THAT SO THE& PUBLIC OFFERING — THE REVENUE COMES IN VARIOUS PUBLIC SORT — ACTUALLY GUARANTEED BY THE TEAM WHICH REPRESENT A PRIVATE PAY MEDI WHICH PERCY OPERATIVE ITSELF AND BEING ABLE TO DO A TAX EXEMPT FINANCING SO I GUESS MY QUESTION IS MORE

WHICH WHAT'S THE DIFFERENCE IN THE COMPETITIVE NATURE OF THE RIGHT WITH IT IS IT WOULD INDEED BE A BETTER — A MORE — I GUESS WHAT WOULD INDIVIDUALS SEEK THAT BOND MORE THE MORE TAX OF TAX FREE VERSUS TAXABLE AND HOW THE DIFFERENCE IN THE ACTUAL INTEREST RATE THERE IS A DIFFERENCE N INTEREST RATES ODDLY TAX EXEMPT AS MUCH YOUR IN TODAY'S MARKET PROBABLY TWENTY THIRTY BASIS — YOU KNOW IT AND IT MADE IT VERY SO BE PAYING ON THE MARKET IN TIME — RESPECT TO THE THE ATTRACTED TO THE BOND — THAT WILL DEPEND ON THE RATING – WE DON'T THINK THAT'S GONNA MAKE A BIG DIFFERENCE WE TAKE THE BUS WILL SELL WELL A PROJECT IS A GOOD PROJECT — AND THE RATING AND THE PLACES OF THE RED SO WE THINK THE MARKET WOULD BE VERY RECEPTIVE TO THE TO THE TRANSACTION — OBVIOUSLY THE DIFFERENCE WILL BE THE COST AND THAT WAS BECAUSE THE TAXES TACTICS YEAH BUT WE DON'T THINK THAT'S GOING TO HAVE A MAJOR IMPACT ON THE ATTRACTED THE OTHER STILL SO ISN'T IT ANTICIPATED RIGHT OF RETURN ON THOSE ONES TOGETHER RIGHT — AGAIN THIS IS JUST PRELIMINARY BASED ON CURRENT MARKET AND CHANGE AND WE PUT SOME CUSHION AND PROBABLY ABOUT 5% THAT'S ABOUT FOUR THIRTY YEAR BOND — AND THAT COULD CHANGE AS WE GET TOO CLOSE TO THE PRICING WE PRICE THE BUDGET FOR THE CURRENT MARKET AT THAT TIME

THANK YOU ANY OTHER QUESTIONS THANK YOU OKAY THANK YOU AT THIS TIME THANK YOU MISTER AUTUMN

GOOD MORNING — I'M SHUFFLED ASPIRANTS SYSTEMS – MY PARTNER LILLIAN BLACKSHEAR PAY IS IN THE IN THE BACK SHE AND OUR TAG TEAMING — IN OU REPRESENTATION OF YOU IN THE METROPOLITAN GOVERNMENT AS BOND COUNSEL THIS TRANSACTION AS I GUESS MY ROLE THEN IS THE EXCITING ROLE OF EXPLAINING THESE WONDERFUL DOCUMENTS THAT ARE IN FRONT OF YOU THAT AUTHORIZE WHAT TOM IN WAYNE JUST DESCRIBED THAT FINANCING AND THEIR TWO RESOLUTIONS THE FIRST ONE IS A SHORT INITIAL RESOLUTION THAT STATE LAW REQUIRES

BE ADOPTED AND THEN PUBLISHED IN THE SO I'M GONNA TAKE HOW MANY USE IT AS JUST A A REMINDER OF WHAT OF WHAT YOU KNOW ALREADY TO TALK ABOUT THE REPAYMENT STRUCTURE FOR THESE BONDS THE FIRST LINE OF PAYMENT IS SALES TAX REVENUES GENERATED STADIUM RELATED SALES TAX REVENUES — AND ALSO SALES TAXES GENERATED FROM SELLING MERCHANDISE MLS RELATED MERCHANDISE THAT'S GOING TO BE THE FIRST ONE EVERY PAYMENT THE SECOND LINE OF REPAYMENT ORGAN THE TICKET TAXES

COLLECTED ON SALES OF TICKETS AT THE STADIUM THIRD LINE EVERY PAYMENT — AS WAY JUST MENTION IS RENT TO BE PAID BY THE TEAM — UNDER THE TEAM LEASE AND THEN IF ALL ELSE FAILS JUST LIKE YOUR NISSAN STADIUM BONDS BRIDGESTONE BONDS BALLPARK BONDS NON TAX REVENUES OF THE METROPOLITAN GOVERNMENT SO THAT'S WHAT THAT'S ALL LAID OUT IN THIS INITIAL RESOLUTION OF UP TO BE A GOOD OPPORTUNITY TO WALK THROUGH THAT — AND SO IF YOU SEE FIT IN A MINUTE WE'LL NEED TO ADOPT THIS RESOLUTION ANY QUESTIONS BEFORE I GO ON TO THE THE MORE LINK THE ONE I THINK IT WOULD BE APPROPRIATE

SINCE WE'RE WALKING THROUGH THEM IN ORDER AT THIS TIME WE WOULD ENTERTAIN A MOTION RESOLUTION [inaudible] SHOULD THE FOR GOING TO GO AHEAD AND THAT BEFORE WE MOVE INTO THE NEXT [inaudible] ONE SO — MOTION IS OUR SECOND ALL IN FAVOR TO FOR THE NATIONAL BOND RESOLUTION SAY I ANY OF THOSE [inaudible] I SEVEN AND AT THIS TIME WE WOULD LOVE TO HEAR MORE SPECIFIC ON THE MORE DETAILED SO THE THE MORE DETAILED RESOLUTION AND ACTUALLY AUTHORIZES THE ISSUANCE OF THE BONDS AND SO LET'S JUST WALK THROUGH WHAT IT DOES IT ALL FOR US IS THE ISSUE IS THE MONTH

UP TO TWO HUNDRED TWENTY FIVE MILLION OF CAR JUST AS USING DESCRIBE FOR THE USES THT YOU'VE SEEN DESCRIBED — WITH A FINAL MATURITY OF FEBRUARY ONE TWENTY FIFTY ONE WHICH IS THIRTY YEARS AFTER THE START OF PLAY WHICH IS WHAT'S BEEN CONTEMPLATED ALONG — THE DOCUMENTS THAT ARE ATTACHED- THIS WELL LET ME BACK OVER THERE AND THEN AND THEN THE PLEDGE OF THOSE REVENUE STREAMS THAT I JUST TALKED ABOUT THERE ARE FOUR DOCUMENTS ATTACHED TO THE RESOLUTION THE FIRST IS AN INDENTURE

AND THEN DNTURES JUST A LONG& WORDY DOCUMENT THAT WHERE YOU MUST — UPON A TRUSTEE OF THE REVENUE STREAM RESPONSE BACK AND SO WHEN YOU GET SALES TAX REVENUES AND AND TECHNICALLY WHEN METRO GET SALES TAX REVENUES AND THEY'RE GOING TO SEND THEM TO YOU YOU'RE GOING TO SEND THEM TO THE TRUSTEE PROBABLY ALL IN ONE FELL SWOOP THEY'RE ALSO GONNA DO WITH TICKET TAX REVENUES YOU'RE GONNA DO WITH TEAM RENT AND THAT TRUSTEE WAS GONNA HOLD THOSE PHONES AND USE THOSE TO PAY DEBT SERVICE ON THE BONDS AND THAT'S WHY YOU HAVE AN INDENTURE AND THAT'S WHAT THIS THIS FIRST LONG DOCUMENT DOES — THE SECOND DOCUMENT IS A BOND PURCHASE AGREEMENT THAT'S THE CONTRACT BETWEEN YOU AND THE UNDERWRITING GROUP — LED BY CITY GROUP BUT ALSO WITH A WITH A A TEAM OF OF UNDERWRITERS BEHIND THEM — THE THAT IS THE CONTRACT FOR YOU SAY WORLD SELL THESE FUNDS TO YOU AT A PRICE CERTAIN AN A AND AN INTEREST RATE CERTAIN

THEY AGREE TO TO BUY THEM AND TURN AROUND AND SELL THEM TO THE PUBLIC AND THAT'LL BE EXECUTED — WITH THE TECHNICAL ONLY PRICE THE BONDS AND THAT'LL BE LATER IN JANUARY AND UNTIL THAT CONTRACT IS EXECUTED YOU'RE NOT YOU'RE NOT LOCKED INTO ANYTHING AND SO WHAT WHAT WAYNE WILL DO IS IS LEAD THE CHARGE WITH THAT WITH THE UNDERWRITERS TO ARRANGE FOR THAT PRICING — AND WHEN THAT'S ALL DONE WE WILL HAVE THEN THE EXACT INTEREST RATES ON THE BOND SELECTED LATER JANUARY SO THAT'S THE SECOND DOCUMENT THE THIRD DOCUMENT IS AN INTER GOVERNMENTAL AGREEMENT YOU'VE SEEN THIS BEFORE YOU'VE ACTUALLY PROVED IT BEFORE BUT WE THOUGHT IT MADE SENSE TO GO AHEAD AND HAVE YOU APPROVE IT AGAIN SO THAT ALL THE KEY DOCUMENTS WERE HERE UNDER ONE RESOLUTION IT'S NO DIFFERENT THAN THE ONE YOU APPROVE BEFORE IT HITS THE AGREEMENT

WERE YOU AGREE TO ISSUE THE BONDS AND METRO AGREES TO PROVIDE TICKET TAX REVENUE SALES TAX REVENUES AND NON TAX REVENUES IF NEEDED TO YOU TO PAY DEBT SERVICE ON THE BONDS — THIRD ATTACHMENT THE FORCE IS — IS A DISCLOSURE DOCUMENT PRELIMINARY OFFICIAL STATEMENT IS WHAT IT'S CALLED AND IS WHAT'S REQUIRED AND IN THE MUNICIPAL BOND WORLD THIS IS WHAT GETS SENT OUT TO INVESTORS AND IT DESCRIBES THE BONDS THAT DESCRIBES YOU DESCRIBE THE CITY IT DESCRIBES THE PROJECT IT DESCRIBES THE REVENUE STREAMS — THAT WE TALKED ABOUT BEING PLEDGED TO THE BONDS SO BONDHOLDER CAN LOOK AT THIS GUY CAN A OKAY ONE MONTH ONE ABOUT

ONE OF MY GETTING OUT ON I'M GETTING PAID BACK AND THEN IN FUTURE YEARS WHAT YOU DO AND THIS IS THIS IS JUST LIKE WHAT YOU'VE DONE WITH YOUR OTHER SPORTS FACILITIES THERE'S A SIMILAR DOCUMENT OUT THERE FOR EACH OF THOSE AND THEN WHAT YOU DO EVERY YEAR IS YOU PROVIDE AN UPDATE TO THE MARKET OF HOW YOU DOING YOU KNOW HOW HOW DID WHAT DID SALES TAX REVENUES LOOK LIKE WITH A TICKET TAX RVENUES LOOK LIKE AND SO ALL THAT COMES IN AN INVESTOR FIFTEEN YEARS FROM NOW CAN TOGETHER WITH THIS FIRST DOCUMENT IN THE ANNUAL UPDATES MAKE AN INTELLIGENT DECISION ABOUT WHETHER SHE MOST OF OUR BLINDS OR SELL ONCE

TO THOSE OF THE FOUR DOCUMENTS IN FRONT OF YOU THERE'S ONE OTHER ANY QUESTIONS BEFORE — ON THOSE ATTACHMENTS THE LAST DOCUMENT THAT'S IN THAT STACK IS A LETTER FROM THE COMPTROLLER'S OFFICE — APPROVING THE REPAYMENT STRUCTURE THESE BONDS IS BEING IN THE PUBLIC INTEREST — JUST GIVE REALIZE THAT I'VE– WOULDN'T DO WELL IT'S GOING TO BE A LITTLE BACKGROUND — YOU NEED TO DO SOMETHING AND ADMINISTRATIVE WORK NEXT MONTH AND I JUST WANTED PREP YOU FOR THAT AS YOU'RE THINKING ABOUT THIS ABOUT FIVE YEARS AGO THE STATE PASSED A LAW THAT WAS INTENDED TO PROVIDE AN ADDITIONAL SAFEGUARD FOR LOCAL GOVERNMENTS BORROWING MONEY — AND SO UNDER THAT THAT THAT SAFEGUARD IF LOCAL GOVERNMENT DECIDES THAT IT'S IN THE PUBLIC INTEREST ISSUE BONDS AND THOSE BONDS HAVE A FINAL MATURITY THAT IS MORE THAN THIRTY ONE YEARS OUT

CHOOSING A WEALTH MORE THAN THIRTY ONE YEARS OUT THEN YOU GOT TO GO TO THE COMPTROLLER'S OFFICE TO GET AND DOUBLE CHECKED AND THE COMPTROLLER'S OFFICE HAS TO LOOK AT THAT PLAN AND SO ARE YOU DOING AND IF THEY AGREE WITH YOUR CONCLUSION THAT IT'S IN THE PUBLIC INTEREST CONTROLS OFFICES YEAH WE AGREE OUR OFFICE CAN SAY THEY COULD BLOCK THE TRANSACTION CELS TALK ABOUT YOUR DEAL FROM IT

YOUR DEAL YOU KNOW THE PRIMARY REVENUE STREAM IN YOUR DEAL IS THE SALES TAX REVENUES THAT STARTS THE YEAR THAT TEAM START PLAYING GO FOR THIRTY YEARS AND SO EVERY YEAR THE STATE IS GOING TO WRITE A CHECK YOU'VE DECIDED THE METRO COUNCILLORS DECIDED YOU WANT TO TAKE ADVANTAGE OF EVERYONE OF THOSE DOLLARS AND SO YOU STRUCTURE YOUR BOND DEAL TO MATURE FOR THIRTY YEARS AFTER THE COMMENCEMENT OF PLAY STATE LAW SPECIFICALLY PROVIDES FOR THAT — AND PROVIDES FOR THAT SUBSIDY

WE ALL DECIDED THAT'S IN THE PUBLIC INTEREST BUT UNDER THIS SAFEGUARD LAW BECAUSE IT'S MORE THAN THIRTY ONE YEARS WE NEED TO GO CHECK WITH THE COMPTROLLER COMPTROLLER'S TAKEN A LOOK AT THAT IN THAT LETTER IF YOU LOOK AT THE BOTTOM OF PAGE TWO SAYS WE LOOKED AT THAT AND AGREE THIS IS IN THE PUBLIC INTEREST THIS REPAYMENT STRUCTURE AS AN ADDITIONAL SAFEGUARD WITH THE COMPTROLLER'S OFFICE THEIR PRACTICES FOR ANYBODY WHO COMES FROM THIS APPROVAL IS TO SAY OKAY IF AS IN THE FUTURE SAFEGUARD WE WANT YOU TO ADOPT

PROCESSES AND PROCEDURES AS PART OF YOUR DEBT MANAGEMENT POLICY SO THAT IF IN THE FUTURE YOU'RE CONSIDERING ANY SORT OF TRANSACTION THAT'S LONG LIKE THAT THE FIRST PRINCIPLE WHICH THIS ONE DOES NOT — BUT YOU HAVE A PROCESS TO THINK ABOUT THOSE THINGS — AND SO THOSE THEN THE METRO COUNCIL HAS A DEBT MANAGEMENT POLICY PROVISION THAT YOU CONFIRM THIS MARCH IS IS JUST LIKE THIS IN TWENTY SEVENTEEN WHEN THE METRO COUNCIL UPDATED THEIR DEBT MANAGEMENT POLICY THIS ONE AND PROACTIVELY BILLS ALL THIS IN AND SO IN FEBRUARY

WE'RE GOING TO BE COMING TO YOU AT THE COMPTROLLER SUGGESTION TO WEEKS IDENTICAL PROVISIONS AND TO YOUR DATE MANAGER POLICY IT WILL SHOW UP IN FEBRUARY WITH THAT A NEW GUEST — YOU WILL IN THE WORLD IS THIS SO JUST LET YOU ALL KNOW — I'VE RAMBLED ON SO WHAT QUESTIONS DO YOU HAVE ABOUT ANY OTHER

WHO? WAS A HELPFUL RAMBLE THE TO HAVE ANY QUESTIONS OF JUST [inaudible] THANK YOU AND WE'RE GOOD AT THIS TIME WE ARE LOOKING AT CONSIDERING THE MORE DETAILED RESOLUTION AND I'LL JUST BRIEFLY — TOUCH ON IS MY EYES OF A ADJUSTING TO TURNING FORTY SO

APPARENTLY CAN'T SEE ANYMORE BUT I'M GONNA TEND TO TRY TO READ IT CONSIDERATION OF A RESOLUTION AUTHORIZING THE ISSUANCE AND SALE OF FEDERALLY TAXABLE IMPROVEMENT REVENUE BONDS FOR THE MLS MAJOR LEAGUE SOCCER PROJECTS SERIES TWENTY NINETEEN OF THE SPORTS AUTHORITY OF THE METROPOLITAN GOVERNMENT IN NASHVILLE DAVIDSON COUNTY APPROVING THE EXECUTION OF A DELIVERY OF A TRUST INDENTURE IN BONN PURCHASE AGREEMENT RELATING TO SAID BONDS PLEDGING CERTAIN REVENUES OF THE AUTHORITY TO THE PAYMENT OF THE BONDS

AUTHORIZING EXECUTION AND DELIVERY OF AN INTER GOVERNMENTAL AGREEMENT WITH METRO GOVERNMENT RELATED TO SAID BONDS IN AUTHORIZING THE PREPARATION AND DISTRIBUTION OF A PRELIMINARY OFFICIAL STATEMEN AN OFFICIAL STATEMENT IN CONNECTION WITH THE SALE OF THE BONDS AT THIS TIME WE WOULD ENTERTAIN A MOTION TO APPROVE — FOR POLITICAL MOTION IS OUR SECOND SECOND SECONDED BY OUR VICE CHAIR ALL IN FAVOR SAY AYE

SIR ANY OPPOSITION [inaudible] SCENE NINE THE MORE DETAILED RESOLUTION ALSO IS A PERIOD THANK YOU ALL FOR THAT — WALKING THREE MOVING PARTS [inaudible] I BELIEVE THAT BRINGS US TO OUR PORTION OF THE AGENDA FOR FACILITY QUESTIONS THIS IS — THE TIME WHEN WE CAN — ASKING THE QUESTIONS OF OTHER — SPORTS AUTHORITY — PARTNERS WHO ARE NOT ON TODAY'S AGENDA AND AS I UNDERSTAND — WE HAVE A REQUEST FROM THE PREDATORS AND SHOW KENNEDY WOULD LIKE — TO GIVE US AN UPDATE FROM HER ORGANIZATION THANK YOU THANK YOU MADAM CHAIR

I WILL JEFF OLD WAS TOUGH ACT TO FOLLOW SO I WILL BE BRIEF AND LOVE TO RAMBLE — WE HAVE SOME UPCOMING TRANSACTIONS WITHIN OUR OWNERSHIP GROUP THEY ARE INSIGNIFICANT AND THE PERCENTAGE EQUITY THAT'S GONNA BE EXCHANGE BUT THEY HAVE THE NECESSARY — RESULT OF CHANGING THE GUARANTEE AGREEMENTS THAT EXIST IN FAVOR OF THE SPORTS AUTHORITY WE'RE NOT ASKING FOR APPROVAL TODAY I JUST WANNA PUT ON YOUR RADAR BECAUSE IT COULD COME BEFORE YOU THE DOCUMENTS TO COME BEFORE YOU AS SOON AS NEXT MONTH BUT IN THE INTEREST OF FULL DISCLOSURE LAST TIME I STOOD HERE JANUARY TWENTY SIXTEEN AND TOLD YOU THAT WE DIDN'T APPROVE THE TRANSACTIONS UNTIL FEBRUARY OF TWENTY EIGHTEEN SO AS TO NOT BE THE GIRL WHO CRIED WOLF WITHOUT AT LEAST ADMITTING THAT I MIGHT BE THE GIRL WHO CRIED WOLF I'M GOING

TO OFFER THAT IN THE WAY OF FULL DISCLOSURE SO THE TRANSACTIONS THAT ARE ON THE TABLE WE HAVE TWO TRANSACTIONS TWO SETS OF TRANSACTIONS WE HAVE TO EXISTING OWNERS WERE GONNA SELL VERY SOON SO ONE POINT 2% OF THE FRANCHISE ONE'S GOING TO SELL ONE POINT 7% TO THE SAME OWNER SO HE WILL ACQUIRED AN ADDITIONAL TWO POINT 9% OF EQUITY SO OBVIOUSLY NOT A MATERIAL CHANGE OF ANY SORT OWNERS WE WILL HAVE ANOTHERSTIN- TRANSACTION TO OTHER TRANSACTIONS THAT WILL BE BETWEEN ONE EXISTING OWNER WHO WILL BE SELLING FIVE POINT 5% OF HIS EQUITY TO TWO OTHER INDIVIDUALS WHO ARE NOT CURRENTLY OWNERS ONE WILL BE BUYING TWO POINT 9% OF EQUITY ONE WE BUYING TWO POINT 6% AGAIN SMALL NUMBERS

BUT THIS IS CONTEMPLATED IN THE EXISTING GUARANTEE AGREEMENTS IN SECTION THREE THOSE AGREEMENTS IT'S THAT CONTEMPLATES THAT IF THEY ARE IN IF THERE ARE CHANGES AMONG THE PARABOLA OWNERSHIP TABLE THAT WE WOULD MAKE CHANGES TO THE GUARANTEES SO WHAT WE HAVE TO DO AND THIS IS ALSO LAID OUT IN THE YEAR AND HE'S ALREADY — WE WILL GIVE TO YOU THE NETWORK CERTIFICATIONS OF THE NEW INDIVIDUALS ENSURING THAT THEY MEET THOSE QUALIFICATIONS THAT ARE ALREADY PRESCRIBED AND GUARANTEE AGREEMENTS AND ANY OF THE EXISTING OWNERS WHOSE PERRETTA SHARES CHANGE WE WILL RECERTIFY THOSE WE'VE PROVIDED THIS YOUR CERTIFICATIONS ALREADY BUT WE WILL RECERTIFY FOR ANYONE WHO'S PERCENTAGE ALLOCATIONS CHANGE EITHER UP OR DOWN — SO THAT THAT COULD BE CUT COME BEFORE YOU AS I SAID AS SOON AS NEXT MONTH SO I WANT TO GET ON YOUR RADAR TO TWENTY BE SURPRISED BY IT — IN THE GRAND SCHEME OF THINGS IT'S FAIRLY BENIGN BUT IT WILL NECESSITATE CHANGES WITH DOCUMENTS THAT WE HAVE IN FAVOR OF THE SPORTS AUTHORITY SO WE TAKE ANY QUESTIONS — I I IT HASN'T BEEN APPROVED BY THE NHL

IF YOU HAVE ANONYMOUS QUESTIONS YOU'D LIKE TO ASK ME I'LL BE HAPPY TO ANSWER TO THE EXTENT THAT I CAN'T I DON'T SEE ANY AT ANY — ANONYMOUS QUESTIONS OF THANK YOU THANK YOU ALL VERY MUCH FOR SHO ARE THERE ANY OTHER QUESTIONS FOR OTHER FACILITY PARTNERS SEEING NONE THAT WILL TAKE US TO OUR NEXT PORTION OF THE AGENDA WHICH IS

OR FORD ICE CENTER REPORT — I BELIEVE DANNY BUTLER YES IT WILL LEAVE THE SEPARATE FOR FREE JUST FOR HAVING US FIRST OF ALL IT'S A LOT OF FUN TO BE HERE AND HERE THE ENERGY FIELD BECAUSE THEY FEEL IT IS PART OF WHAT WE DO WE'RE OPEN ALL THE TIME SO THERE'S ALWAYS PEOPLE HERE IN OUR LOUD IN AS MUCH AS WE TRY TO KEEP QUIET THINGS DOLLARS AFTERNOON THAT — IT'S JUST LOUD

FOR BEING A PART OF IT — YOU GUYS AFFIRMING RAMBLE A COUPLE TIMES IN THE PAST AS WE'VE BEEN HERE ABOUT ALL THE GREAT EVENTS THAT WE DO — SO INSTEAD OF ME RAMBLING ABOUT IT RIGHT NOW I WANT TO HAVE LOST MY EXCUSE AND IMPALA COME UP AND SPEAK ABOUT THE HOCKEY AND FIGURE SKATING RESPECTIVELY SO BASICALLY SPEAK FIRST AND THEN ALL OF US THE STUFF IN THE END WHAT IS MIKE'S A TITLE MIKE SKEETS TITLE IS SENIOR MANAGER OF AMATEUR HOCKEY HAVE BEEN DEVELOPMENT? ACTUALLY JUST TO GO OVER THAT DEPARTMENT A WEEK AGO SO VIRTUALLY SOMEWHERE CONGRATS I SAW A DANNY SAID — MY NAME'S MY SKI SENIOR MANAGER OF THEM TRACKING FED BELL MAN I JUST WANT — TO TO KIND OF INTRODUCE THE SPORT OF HOCKEY AND PRAYERS BRANDS I IN THE COMMUNITY — IN NATIONAL AND AND AROUND THE SOUTHEAST SO — THE FIRST FIRST — PROGRAM I WANT TO TOUCH ON IS OUR FUTURE GOALS PROGRAM IS A PROGRAM IT'S IN PARTNERSHIP WITH THE NHL ON THE PLAYER'S ASSOCIATION

AND IS RUN BY EVER — FIVE IS THAT DIGITAL ONLINE LEARNING PLATFORM THAT MIDDLE SCHOOLS AND HIGH SCHOOLS HIGH SCHOOLS USED THROUGHOUT THE SOUTHEAST — LAST YEAR WE HAD FOUR HUNDRED AND THIRTY FIVE SCHOOLS REACHING ABOUT TWENTY NINE THOUSAND STUDENTS A COUPLE OF THINGS THAT WE DO HERE NATIONAL THE KINDA GROW THE PROGRAM — IS WE DO HOLD A PLAYER AND THIS YEAR WAS THAT SHINE ELEMENTARY A THE PHOTOS INTERACTIVE WITH AS A LEARNING THE PROGRAM AND I'VE REALLY GOT TO SEE WHAT THE PROGRAM IS ALL ABOUT AND AND THE KIDS HAD A LOT OF FUN ANOTHER THING THAT WE DO HERE — ONCE HERE IS — A STEM FIELD TRIP WHERE WE ACTUALLY HAVE A COUPLE SCHOOLS COME OUT THEY GET ON THE ICE DOWN HERE AND THEN THEY DO A FIELD TRIP AND I DIFFERENT STATIONS THAT ACTUALLY

USE THE EXAMPLES FROM THE ONLINE LEARNING PLATFORM AND TRANSLATE THEM ON THE ICE AND TO HOCKEY SO THE KIDS CAN ACTUALLY LEARN — SEE WHAT THEY'RE LEARNING IN THE CLASSROOM INTO REAL LIFE PERSPECTIVES — NEXT SLIDE IS THE NEXT PROGRAM WILL TALK ABOUT IS OUR STREET PRIDE PROGRAM — THIS IS ALSO IN PARTNERSHIP WITH THE NHL ON THE PLAYER'S ASSOCIATION — IT IT IS CURRENTLY A TWELVE WEEK AFTER SCHOOL STREET HOCKEY PROGRAM WITH TWENTY CENTERS IN IT LAST YEAR — FOURTEEN METRO PARKS AND REC CENTERS PARTICIPATED IN THIS PROGRAM EACH CENTER GOT OUT A FULL SET OF EQUIPMENT — AND HOCKEY ONE A ONE FOR EACH PARTICIPANT — TO JUST LEARN ABOUT THE WE WENT OUT AND DID A TRAINING WITH EACH PROGRAM THAT RUNS THIS PROGRAM SO THAT THE THE COMMUNITY CENTERS ARE FULLY EQUIPPED — AND KNOWLEDGEABLE ON HOW TO TEACH HOCKEY THE NEXT NEXT PROGRAMA TOUCH UPON IS THAT PRINCE FINISH CHALLENGE — THIS IS AN ENTRY INTRODUCTORY& STREET HOCKEY PROGRAM FOR ELEMENTARY SCHOOLS — THERE FIVE DIFFERENT CHALLENGES THAT INCLUDE STREET HOCKEY FITNESS AND NUTRITION OFF ALL SCHOOLS GET A FULL SET OF EQUIPMENT TO KEEP AT EACH STUDENT GETS A PRIZE BRACELET EACH TIME THEY COULD COMPLETE THE CHALLENGE — LAST YEAR WE HAD TWO HUNDRED SIXTY FIVE SCHOOLS REACHING A HUNDRED TWENTY SEVEN THOUSAND STUDENTS IN THE SOUTHEAST HERE MIDDLE MIDDLE TENNESSEE WE HAD A HUNDRED FIFTY ELEMENTARY SCHOOLS AND SEVENTY ONE THOUSAND STUDENTS SO IT'S REALLY A GREAT PROGRAM THAT GETS — HOCKEY INTO THE SCHOOLS AND A LOT OF KIDS LOVE AND LEARN — THE NEXT PROGRAM A TOUCH ON IS THE GOAL PROGRAM IS THERE TRY HOCKEY FOR FREE PROGRAM THAT KIND OF HELPS ELIMINATE — THE COST OF INTRODUCING THE SPORTS A LOT OF FAMILIES WHO DON'T NECESSARILY KNOW THEY WAN- TO PARTICIPATE IN THE SPORT AND THEN INVEST SO — THIS IS A FOUR WEEK PROGRAM WE EACH PARTISAN GETS A JERSEY AND STICK SO EVEN IF THEY DON'T WANT TO CONTINUE PLAYING HOCKEY THEY HAVE A NICE LITTLE MEMENTO FROM THE PREDATORS TO CONTINUE WATCHING THE GAME AND AND ENJOY HOCKEY — THIS YEAR ALONE WE HAVE TWELVE HUNDRED PARTICIPANTS IN THE SOUTH IN FIFTEEN DIFFERENT RANKS IN SEVEN STATES — HERE IN NASHVILLE LOAN ME AT SIX HUNDRED PARTICIPANTS — THE NEXT STEP AFTER THAT IS THE LITTLE PRINCE LEARN TO PLAY PROGRAM ANOTHER PROGRAM IT'S IN PARTNERSHIP WITH THE NHL PLAYERS ASSOCIATION — THIS IS A SIX WEEK LEARN TO PLAY PROGRAM WHERE A FULL SET OF EQUIPMENT IS INCLUDED WITH

THE PROGRAM TO HELP ELIMINATE THE BARRIER — OF COSTS — SO KIDS CAN CONTINUE TO PLAY HOCKEY AT A CHEAP PRICE — WE ALSO HAVE INVOLVEMENT FROM OUR NATIONAL PRAYERS ALUMNI I CODY HODGSON AND JAY MOHR WHO GO ON THE ICE AND COACH WITH THESE KIDS — WE HAD — FIFTEEN HUNDRED FIFTEEN RANKS IN SEVEN STATES CARE NATIONAL LOAN WE HAD THREE HUNDRED FOR FIFTY PARTICIPANTS — THE NEXT STEP FOR CONTINUE TO PLAY HOCKEY IS ARE YOU SLEEK — WE'VE BEEN SOLD OUT EACH SSSION SINCE THE WINTER OF TWENTY SEVENTEEN LAST YEAR ALONE WE HAD ELEVEN HUNDRED PARTICIPANTS — AFTER THAT HOPEFULLY WE GO TO OUR ADULT LEAGUE WHERE THEY'RE CONTINUING TO PLAY HOCKEY — WE HAVE FIVE DIFFERENT DIVISIONS AND WE'VE SOLD OUT FOR THE PAST TWO YEARS AND HAD SIXTEEN HUNDRED PARTICIPANTS LAST YEAR AND THEN ANOTHER EVENT THAT WE DO IS TALKING FEELS SO THIS IS A FEMALE FROM THE EVENT I GIVE THAT A A BEHIND THE SCENES LOOK AT THE PRAYERS ORGANIZATION — INCLUDES LOCK HIM TOWARDS HOCKEY WANNA ONCE DURING A PRESS BROADCASTERS — AND SPECIAL GUEST SPEAKERS AND THEY GET A CHANCE TO TAKE A SHOT ON THE NET — LAST YEAR WE HAD TWO HUNDRED FEMALES ATTEND THIS EVENT HAS CONTINUED TO GROW WE'VE KIND OF MAXED OUT ON SPACE AT BRIDGESTONE FOR THAT ABOUT SO THAT'S ALL I HAVE FOR ME I'D LIKE TO INTRODUCE PAULA WHO WILL TAKE YOU OVER THE SKATING SIDE OF THINGS HI PAULA THREO THE MANAGER THE SCOTT HAMILTON SKATING ACADEMY WE'RE JUST GONNA GO THROUGH IF – A LITTLE BIT OF OUR GROWTH LAST

OUR FIRST YOUR FOUR YEARS AGO LEARN TO SKATE AND FOR SKATERS WHEN WE STARTED AND THEN WE WERE AWARDED THE KICKSTARTER WARD FOR FOUR HUNDRED AND FIFTY MEMBERS OUR FIRST YEAR AND EVER SINCE THEN WE HAVE RAISED OUR NUMBERS LAST YEAR WE HAD TWELVE HUNDRED AND TWENTY SIX OF SKATERS GO THROUGH OUR PROGRAM WE WERE AND THE IN THE SOUTH LEARN TO SKATE PROGRAM THE TOP IN THE MIDWEST WHICH IS THE REGIONS OF OHIO MICHIGAN INDIANA ILLINOIS TENNESSEE — AND WE WERE NINTH IN THE NATION SO WE'RE REALLY EXCITED ABOUT THAT — THE OTHER THING ABOUT A YEAR AGO NOTHING

ONE YEAR AGO THIS MONTH WE WENT TO THE US FIGURE SKATING NATIONALS AND ACCEPTED A TEN THOUSAND DOLLAR GRANT TO START OUR SCOUTS ALL SARS PROGRAM WHICH IS — FOR KIDS WITH INTELLECTUAL DISABILITIES AND ALSO — MOBILITY ISSUES SO I CAN TELL YOU THAT WITH THAT TEN THOUSAND DOLLARS WE HAVE PUT TWENTY FOUR KIDS THROUGH OUR PROGRAM WITH FREE TUITION A FREE PAIR OF SKATES OF THEIR THRIVING TODAY IT'S LED BY ONE OF OUR STAFF COACHES CODY WHO IS A SOCIAL WORKER AND HE CONTINUES TO REACH OUT INTO THE COMMUNITY ON A WEEKLY BASIS TO GET MORE KIDS INVOLVED SUPER EXCITING WE ALSO EVER AMBASSADORS OF FUN

ROMEO C AND CODY HAD — PROGRAMMING — SAY GO SKATE — ARE UP CLOSE GATE OF AND AT A SEND THEATER DOWNTOWN THIS PAST NOVEMBER THROUGH WERE STILL CURRENT WORRIED THE GRADUATE THIS WEEK SUPER BEAUTIFUL GREAT ATMOSPHERE WONDERFUL SKYLINE VIEW OF THE KIDS LOVED IT IT WAS A REAL WONDERFUL OPPORTUNITY FOR ME IT WAS VERY KIND OF INTIMATE I COULD GET TO KNOW THE FAMILIES A LOT MORE AND AS A RESULT OF THAT IT WAS SOLD OUT AND WE HAVE A 70% RETENTION RATE ON THEY'RE ALL HERE NOW AT FORD ICE CENTER IN OUR PROGRAMMING — REALLY EXCITED TO ANNOUNCE COREY EID SHE'S AN OLYMPIC AND WORLD LEVEL COACH AND SHE WILL BE JOINING US IN LATE SPRING

EARLY SUMMER TO HELP US TAKE SKATERS FROM LEARN TO SKATE TO THE OLYMPIC LEVEL IT'S NEVER BEEN DONE BEFORE THIS — IT'S A IT'S CALLED SHORT PROGRAM IT IDENTIFIES KIDS A LITTLE BIT EARLIER STREAMLINES THEM THROUGH SPORTS AND A REALLY SYSTEMATIC WAY WAS SKILL DEVELOPMENT ALL THE WAY TO THE TOP — WE'RE HOPING THAT THAT TAKES OFF NATIONALLY AND THAT WE WILL BE RECOGNIZED FOR THAT AS WELL — COREY IS ONE OF THE ONLY COACHES I KNOW THAT HAS TAKEN A SKATER FROM LEARN TO SKATE ALL THE WAY TO THE OLYMPICS SO WE'RE REALLY EXCITED EVERY YEAR — OUR CHAMP CAMP WHICH WAS — SCOTT HAMILTON AND FRIENDS SHOW IN NOVEMBER IT STARTS KIND OF HERE IN TOWN WE RIGHT HERE AT FORD ICE CENTER THE HOCKEY DEPARTMENT AND THE FIGURE SKATERS — DO PEER RAISING SO WE GET TOGETHER AS ONE ORGANIZATION OF HOCKEY SKATERS AND FIGURE SKATERS WE RAISE A LOT OF MONEY FIRST GOT THIS YEAR WE RAISED OVER SIXTY THOUSAND DOLLARS TOWARDS HIS ULTIMATE GOAL ELIMINATING CANCER WHICH BROUGHT IN ALL OF HIS GUEST — GUEST STARS TO BRIDGESTONE ARENA FOR A REALLY BEAUTIFUL SHOW — AND THEN THOSE GUESTS CAME THE NEXT DAY HERE CAMP WITH ONE HUNDRED CAMPERS AND EIGHT OLYMPIC GOLD MEDALISTS ALL UNDER ONE ROOF SUPER EXCITING THAT'S A LOT OF HARD WORK — THE KIDS LOVED EVERY SINGLE BIT OF IT I BROUGHT PEOPLE IN FROM ALL OVER THE REGION ALL THE WAY FROM MINNESOTA — AND CALIFORNIA ACTUALLY SET OF US WHO IS HERE HERE THAT IT WAS- TESSA AND HAS A AND MORE YOUR THEY WERE OLYMPIC GOLD MEDALIST THIS PAST YEAR LICENSING — MERYL DAVIS AND CHARLIE WHITE OLYMPIC GOLD MEDALIST US FIGURE SKATING CHAMPIONS — OLYMPICS FOUR YEARS AGO — HOLD PLEASE ALRIGHT I OKAY

THAT'S FOUR WEEKS — SCOTT LOOK AT SCOTT WAS HERE HE WELL THAT GIVES THIS AGAIN THANK YOU THANK YOU I'LL THINK ABOUT — ANYWAYS I THOSE ARE ALL REACHING TOWARDS OUR FUTURE GOALS OF WE WANT TO BE OUR ULTIMATE GOAL IS TO BE IDENTIFIED BY US FIGURE SKATING AS A NATIONAL TRAINING CENTER — BY PROVIDING ALL OF THIS ALL OF THESE DIFFERENT THINGS FOR THESE KIDS WE WANT EVERY WE WANT EVERY ORGANIZATION OR EVERY RIGHT TO THE COUNTRY TO HAVE — A PHILANTHROPIC — ATMOSPHERE TO IT WHERE THEY THEY HAVE TO RAISE CERTAIN AMOUNT OF MONEY — FOR FOR THE THEY SAID THAT THEY BELIEVE IN OUR ULTIMATE GOALS AND IN FOUR YEARS TO HAVE A NATIONAL LEVEL SKATER FROM OUR ACADEMY — AN OLYMPIC SKATER IN TWELVE YEARS AND MAYBE EVEN A NATIONAL I'VE MY MY ULTIMATE GOAL IS TO HAVE A NATIONAL PREDATOR PLAYER LIKE GRADUATE FROM OUR PROGRAM I WOULD BE PRETTY AWESOME SO WE'LL GET THERE THANK YOU [inaudible] XBOX

THREE THEY DID A MUCH BETTER JOB THAN I AM USUALLY HAVE DONE IN THE PAST TWO OR THREE YEARS SO – REALLY EVERYTHING THAT MIKE AND PAUL I'VE DONE — MEISTER WITH US FOR YEARS HE JUST TOOK OVER THIS NEW ROLE — IN THE HOCKEY WORLD THAT THEY HAVE DONE THINGS THAT NO OTHER RAKE IN THE COUNTRY DOES AND I REALLY MEAN THAT TO TO BRING IN AID OLYMPIANS FOR ONE DAY FOR CAMP WAS A HUGE SUCCESS TO RUN I THINK THE FIRST FOUR FIVE PROGRAMS THAT MIKE MENTIONED WE'RE COMPLETELY FREE AFTER THAT THEY'RE ALL COST COST EFFICIENT FOR YOU TO JOIN AND THAT A YOU HAS ALWAYS BEEN OUR GOAL IS TO GET AS MANY PEOPLE SKATING OR PLAYING HOCKEY AS THEY POSSIBLY CAN AND OFF MIKE IMPALA REALLY HAVE TAKEN THAT CHALLENGE AND HAVE

HAVE DRIVEN THAT FURTHER THEN I THINK WE EVER THOUGHT WE CAN POSSIBLY GO TO REALLY CONGRATULATIONS TO BOTH OF YOU – WITH THAT I WILL BE AS BRIEF AS I POSSIBLY CAN — JUST TO HIT ON A COUPLE OTHER EVENTS THAT GET A LIST OF ALL THE EVENTS WE DID THIS PAST YEA THAT — LIST IS ABOUT A PAGE AND A HALF LONG- THAT'S ABOVE AND BEYOND THE NORMAL HOCKEY AND FIGURE SKATING THAT WE DO SOME HIGHLIGHTS OF THAT OR WE DO WE AS A TWENTY SIX TWENTY MINUTES PAST YEAR WAS OUR YOUTH ADULT BOYS AND GIRLS AND IT WAS A REALLY EXCITING TIME WITH TEAMS FROM EUROPE AND FROM MEXICO COME TO A COUPLE THOSE TOURNAMENTS SO GREAT HOW WE ALSO DISCONTINUITY SOLDIER FIGURE SKATING EVENT EVERY YEAR — WE'RE AGAIN WOULD BRING SKATERS IN FROM ALL OVER THE REGION AGAIN ARE REGIS TECHNICALLY THE MIDWEST EVEN THOUGH WE'RE IN THE SOUTHEAST — BUT WITH SKATERS FROM ALL OVER THE PLACE — WE HOST OF THE THIRD ANNUAL MATEUS ECHO CLINIC WHICH IS A CLINIC THAT BUT HE IS BACK ON ONE OF OUR PLAYERS BUT ON THE ONE DAY CLINIC THAT ALL THE BENEFITS GO TO MAKE A WISH FOUNDATION SO IT IS

A GREAT EVENT OF THAT WE HAD EIGHTY SKATERS PARTICIPATE WAS COMPLETELY SOLD OUT FORTY OF THOSE SKATERS WERE COMPLETELY A SCHOLARSHIP WHICH WAS — EVEN BETTER THAT WAS SOMETHING THAT HE WANTED TO DO — SCOTT ALL STARS AND WHICH IS AN UNBELIEVABLE PROGRAM THAT PAUL AND ON IT IS A PROGRAM FOR KIDS WITH INTELLECTUAL DISABILITIES I BROUGHT IT UP LAST TIME YOU GUYS ARE HERE I THINK WE WERE JUST AWARDED THAT WERE IS TRULY UNBELIEVABLE THERE'S NOT ANOTHER PROGRAM LIKE IT IN THE COUNTRY — AND WHAT PAUL AND CODY — HAVE DEVELOPED IS IS TRULY UNBELIEVABLE AND REALLY IS DONE A LOT OF GREAT THINGS — ON TOP OF THAT WE'VE DONE OVER THREE HUNDRED THOUSAND DOLLARS OF THREE PROGRAMMING OR SCHOLARSHIPS THIS YEAR THAT REALLY IS FREE PROGRAMMING FOR PEOPLE WHO WANT TO PLAY HOCKEY AND AND WE'VE WE'VE COMMITTED TO THAT IT WAS COMMITTED TO THAT WITH BILL EITHER ICE TIMES THAT WE COULD SELL FOR A LOT MORE MONEY BUT WE GIVE AWAY AND AND WE SHOULD AND THAT'S WHAT WE'RE EXCITED ABOUT THAT'S OUR FAVORITE PART BUT THE BEST OF IN THAT WE HOST OF THIS PAST YEAR WAS THE TEXAS ROADHOUSE ME CUTTING COMPETITIO

ALL THE BUTCHERS FROM AROUND THE COUNTRY FROM TEXAS ROADHOUSE CAME OUT HERE AND DID A COMPETITION OF BUTCHERING WHICH WAS PRETTY EXCITING AND THEN THEY COULD FOR US SO I THINK THAT'S REALLY WHY I LIKED IT — SO MUCH SO THAT WAS A LOT OF FU- SOME UPCOMING EVENTS THAT WERE REALLY EXCITED ABOUT — IN A COUPLE WEEKS IS THE FIFTH ANNUAL SEC HOCKEY TOURNAMENT WE HOSTED THIS SINCE THE YEAR THAT WE OPEN SO THIS WILL BE OUR FIFTH TIME FIGURING THAT OUT ACTUALLY IT'S VERY NICE TO RELIVE IT REALLY EXCITING PART ABOUT THIS IS YOU HOCKEY'S IT'S GROWING — HOCKEY IN THE SOUTH OBVIOUSLY IS A LITTLE BIT SMALLER SO CONFERENCES HAVE HAD TO COMBINE SO NEXT YEAR — CLEMSON UNIVERSITY FLORIDA STATE UNIVERSITY UNIVERSITY OF ALABAMA HUNTSVILLE AND MTS YOU ALL THE JOINING US AS HE TALKED COVERAGE WHICH IS GREAT SEE BUT IT DOES IT ALL WORKS OUT — THIS SUMMER TO HOST OUR THIRD ANNUAL GRETZKY HOCKEY SCHOOL — AND AGAIN JUST LIKE LAST SUMMER EVERY WEEK THIS SUMMER SOLD OUT THE CAMPER TOURNAMENT — PROUD OF MOST EXCITING THING THAT WE HAVE COMING UP THOUGH IS ON FEBRUARY TENTH WE HOST THE NATIONAL WOMEN'S HOCKEY LEAGUE SKILLS COMPETITION AIRPORT I SAID SO IN THE ELEVENTH IS THE ALL STAR GAME AND BRIDGESTONE ARENA FOR THE GIRLS HOCKEY TEAM — WHICH WILL BE GREAT BUT WHAT I'M REALLY EXCITED ABOUT IS THE SKILLS COMPETITION OUT HERE SO WE DO ASK OUR GIRLS CLINIC FOR ABOUT A HUNDRED GIRLS

ON A FORTY WOELFEL — SIX FORTY FORTY GIRLS COME THEY'LL BE SPEAKER SERIES AND A CLINIC ON ICE WITH THE ALL STAR FOLLOWING THAT WILL BE THE SCHOOLS GOING SO WE'RE REALLY EXCITED TO BE ABLE TO TO HOST THAT EVENT OUT HERE IT'LL BE A VERY INTIMATE ATMOSPHERE HAPPENING OUT HERE IN THE NORTH RANGE WHICH IS REALLY NICE UP CLOSE AND PERSONAL ENTIRE THAT'LL BE LIVE STREAM SO YOU'LL BE ABLE TO WATCH IT — IT'LL BE GREAT PAUL ALSO HAD ONE OF THE BIGGEST THINGS WE COULD — OUT HERE UNBELIEVABLE COACH AND IT IS IT IS ALONG THE LINES OF HIRING A UP A NICK SAVING FOR YOUR FOOTBALL TEAM

SHE IS UNBELIEVABLE I WILL BRING FIGURES GIVING TO A WHOLE NEW LEVEL HERE NATIONAL THAT WE'VE NEVER SEEN SO JUST THIS PAST — MONTH OR SO SHE STARTED COMING OUT A LITTLE BIT MORE AND BRING SKATERS AND THE LEVEL OF SKATING HAS ALREADY GONE THROUGH THE ROOF AGAIN LISTEN YOU'RE HERE I THINK I NOW SO WE'RE GONNA START CURLING GIVE I KNOW YOU'VE DOES THROWING OUT HERE IS A LOT OF FUN BUT WE WERE GONNA DO FOR SIX WEEKS

WHERE YOUR LATER WE'RE STILL DOING CURLING RIGHT NOW OUT HERE WE HAVE OUR FIRST EVER PRO CURLY TEAM? FROM NATIONAL PARTICIPATING IN THE ICE BUT HE WAS ACTUALLY CALL THE ALL PRO CURLING TEAM THE TEAM IS MADE UP OF FOUR NFL FOOTBALL PLAYERS OPERABLE AS JARED ALLEN MARK BOLGER AND INTO HER OWN — NASHVILLE — WE'RE TENNESSEE TITANS EXCUSE ME KEYBOARD AND MICHAEL ROOS ARE OUT THERE — THEY PARTICIPATE IN A COUPLE OF THEIR SURE THEY'RE NOT THEBEST LOOKING CURLING TEAM BUT BUT THEY ARE PROFESSIONALS AND OVER THE PAST COUPLE WEEKS HAS BEEN ABOUT A HUNDRED DIFFERENT ARTICLES WRITTEN ABOUT THEM — CLOTHING ARTICLES IN USA TODAY SPORTS ILLUSTRATED ESPN — AND REALLY ANYTHING IMAGINE I THINK THEY'RE OUT THERE RIGHT NOW YEP SO GETTING TO SEE HIM AFTERWARDS YOU DOWN AND SEE THE GIANT MEN CURLING OTHER — BUT IT'S REALLY FUN AND IT'S BEEN REALLY SITTING SO WITH THAT WE START TO LEARN CURLED WHICH I GIVE YOU GUYS A COUPLE SHIRTS THAT COMPLETELY SOLD OUT IN LESS THAN A WEEK — WE HOST OUR LAST OUR FIRST EVER GROWING SAYS — SEASON THIS PAST SEASON WHICH WAS A HUGE SUCCESS AND WE HAVE ANOTHER ONE THIS SUMMER THAT'S BOTH FOR ADULTS AND KIDS SO WE'RE GOING TO WIN ON THE DAY FOR KIDS AND THAT'S BEEN REALLY EXCITED AND THEN THE ONLY SPOT I HAVE THAT'S ONE MAYBE NEXT MONTH

YEAH THERE WE GO IS BELLEVUE — SO WE PROGRAM VALUE IN JULY ON THE HOTTEST DAY EVER OF AND ABOUT SIX MONTHS LATER — WITH THERE'S REAL CONSTRUCTION HAPPENING OUT THERE WERE REALLY EXCITED ABOUT IT THESE ARE RENTERS THAT I USED TO GET APPROVAL TO SHARE — SO IT SHOULD LOOK VERY SIMILAR TO THIS WE ARE VERY EXCITED TO BE PARTNERSHIP WITH METRO PARKS IN THE COMMUNITY CENTER — THE DESIGN IS ABOUT 95% COMPLETED SO WE ARE MOVING RIGHT ALONG WITH THAT AND& CONSTRUCTIONS GOING ALONG WELL WE SHOULD BE OPEN NEXT FALL — AGAIN WE STARTED PROGRAMMING THAT BILL FOR NC DOUBLE A WOMEN'S COLLEGE SEEMS AS WE PLANNED FOR ME OUT THERE ALL RIGHT AFTER WE OPENED THE TOURNAMENT BOOK FOR THE FIRST WEEK OF OCTOBER — AND WE'RE WE'RE READY TO ROCK AND ROLL UP THERE SO THOSE IMMIGRATE EVERYTHING DONE HAS BEEN REALLY GREAT MIKE IF ALL OF THE GREAT THINGS AND THE TEAMS REALLY HOT RIGHT NOW SO THE BUILD IT AND THEY WILL COME DOESN'T REALLY APPLY HERE THEY'RE COMING OTHER HERE THEY WANT TO BE HERE

ONLY IN IT WE CAN OPEN IT TO I MYSELF TALK ABOUT ANYTHING I DON'T HAVE A QUESTION BUT I DO HAVE A COMMENT OKAY — THE EXCITEMENT AROUND OF FORD ICE IS JUST AMAZING AND I RECALL WHEN THIS WAS JUST A A TOPIC OF DISCUSSION AT A BOARD MEETING AND THE WHOLE IDEA OF COMING TO AND I JUST WANT YOU TO KNOW THA YOU'RE YOU'VE MADE HUGE IMPACTS INTO THE COMMUNITY AND WHEN I LOOK AT THE PROGRAMS AND THE ABILITY TO SEE DIVERSE CHILDREN PARTICIPATING IN THE FACT THAT YOU MADE IT COST EFFECTIVE OR FREE — I JUST THINK THIS CLOSE TO YOU GUYS AND THAT WE ARE MAKING IMPACT ON NOT ONLY IS IT ONLY THE CITY OF NATIONAL BUT HOCKEY PLAYERS ARE FUTURE HOCKEY PLAYERS EVERYWHERE

THANK YOU FOR ALL THE PEOPLE THAT REALLY GOES BACK TO THE BOARD FOR I MEAN REALLY GIVEN US THE FAITH TO TO SAY YEAH WE'LL DO THIS AND LET'S SEE WHAT HAPPENS IN FOUR AND A HALF YEARS LATER FACTORY BUILDING ANOTHER ONE TO DO THIS IS GREAT SO THANK YOU REALLY I I JUST WANT TO FOLLOW UP WITH THAT BECAUSE THAT I REALLY ENJOY COMING OUT HERE BECAUSE I I LEARN

HOW MUCH YOU DO AND I YOU KNOW I WOULD THINK ABOUT LAST YEAR THERE WAS SO MUCH GOING ON SCHOOLS? BUT YOU CONTINUE TO BUILD AND AND YOU KNOW MY KAMPALA AND REALLY GLAD THAT YOU ARE HERE TODAY AND YOU JUST HAVE BIG DREAMS AND BIG GOALS AND THEN GO AFTER IT WHICH I THINK IS VERY MUCH WHAT PREDATORS ORGANIZATION THAT'S TOO AND I I SWIM AT THANK YOU FOR THINKING BEG AND IT'S GOING TO HAPPEN AND THEY'LL BE T SAYS THERE REALLY NO TELLING WHAT'S GOING TO HAPPEN GETS FLIPPED THE SOLICITORS RELIABILITY WILL ASK YOU TO BUILD ANOTHER

ONE GOING NOW ABSOLUTELY AND THAT'S I MEAN THAT'S WHAT THEY'VE BEEN TEST WHICH IS IDENTICAL RIGHT TRAFFICKING AND I APPRECIATE YOUR LEADERSHIP VERY MUCH THANK YOU SO MUCH — THERE'S A LOT OF GREAT FOOD AROUND A CORNER STORE ALL DONE ENJOYED ALRIGHT THANK YOU THANK YOU DANNY THAT BRINGS US TO A NICE — SEVEN TO OUR OUR OWN MARGARET DARBY HE'S BEEN REALLY QUIET TODAY SO — WOULD LIKE TO HEAR FROM HER SHE'S GOING TO WALK US THROUGH – JUST GONNA GIVEN AS A HEADS UP ABOUT BILL V

SPECIFICALLY — WELL I DON'T HAVE ANY SLIDES AND MY PART OF THIS IS VERY BORING WITH THE DEPARTMENT OF LAW YEAH SO WE'RE NOT SURPRISED — LAWYERS NEVER GETTING LOVE [inaudible] I KNOW SO — THE THE THE BELLAGIO HOCKEY CENTER IS GOING TO BE VERY SIMILAR TO THIS ONE WITH REGARD TO THE AGREEMENTS WITH A COUPLE OF FIND HAVE FINE TUNED DIFFERENT SAYS — BECAUSE OF THE WAY THAT THIS BUILDING WAS FINANCED VERSES THE WAY THE BELL OF YOUTH BUILDING IS BEING FINANCED WE ARE GOING TO HAVE A DIFFERENT STRUCTURE OF THE AGREEMENTS BETWEEN THE SPORTS AUTHORITY AND THE MANAGER WHICH IS MET ICE LLC WHICH IT MICHELLE CORRECT ME IF I'M WRONG BUT UP SUBSIDIARY OF THE POWERS MANAGEMENT OR THE PREDATORS ORGANIZATION

SO — THIS AGREEMENT OF YOUR FACILITY WILL BE A MANAGEMENT AGREEMENT INSTEAD OF A LEASE LIKE WE HAVE HERE — THEY'RE GOING TO BE TOO AGREEMENTS THAT THE THE PORTAL ENTER JUST KIND OF STEP BACK A SECOND ONE WILL BE — A LEASE ARRANGEMENT FOR THE SWEET TO BE WHICH IS THE ICE RINK SIDE OF THIS BUILDING WITH THE METROPOLITAN GOVERNMENT AND GENERAL SERVICES WILL BE THE ENTITY THAT — THE THE BOARD WILL WORK WITH WITH REGARD TO THE THE FACILITY IN LEASING THAT FACILITY — THAT'LL BE A PRETTY STRAIGHT FOR AT LEAST ANY OBLIGATIONS THAT THE BOARD TAKES ON THROUGH THAT LEASE WILL BE PASSED ON TO THE THROUGH THAT FACILITY MANAGEMENT AGREEMENT — THE FACILITY MANAGEMENT USE AGREEMENT WILL BE WITH MID ICE – IT'LL BE FOR A RELATIVELY SHORT PERIOD OF TIME VERSUS DESTINY OF THIS BUILDING SO IT'LL BE FOR KERRY BETWEEN SEVEN TO TEN YEAR WE'RE STILL WORKING OUT SOME OF THE DETAILS OF THIS BUT SEVEN TO TEN YEARS — WITH THE OPTION TO RENEW FOR SUBSEQUENT PERIODS — AT THE AT THE OPTION OF THE SPORTS AUTHORITY — THE TEAM THAT THE THE MANAGER WILL BE MAKING — CAPITAL CONTRIBUTIONS IN THE AMOUNT OF THREE MILLION DOLLARS IN TWO OR THREE PAYMENTS — THOSE WILL HELP TO FIND CONSTRUCTION COST AND ALSO TO PURCHASE A LOT OF THE EQUIPMENT THAT WILL GO IN THE BUILDING SUCH AS THIS ZAMBONI IS THE NECESSARY EQUIPMENT TO RUN TO TO RUN ICE RINKS — THEY'LL BE A MANAGEMENT FEE THA- THE MANAGER THAT'S DERIVED FROM THE RIGHT SPECIFY PORTION — THE SPORTS AUTHORITY WILL BE PROVIDING FOR ALL OF THE UTILITY CONNECTIONS TO THE BUILDING BUT THE MANAGER WILL BE RESPONSIBLE FOR THE SERVICE FEES ON THOSE CONNECTIONS — THE MANAGER WILL BE YOU KNOW THE TITLE TO THE SOUL EXCLUSIVE RIGHT TO USE MANAGE AND OPERATE THE RANK — AND THEN THEY ALSO WILL BE FOLLOWING THAT — THE PROGRAMS THAT THEY DO HERE THEY'LL BE MOVING OUT TO BELL B

ALSO KIND OF SHARING SOME OF THEIR SCHOLARSHIP PROGRAMS AND THE EDUCATIONAL PROGRAMS AND INTERNSHIPS AND JOB TRAINING AND WHATNOT — THE US AUTHORITY WILL HAVE A CERTAIN NUMBER OF CIVIC — THAT THAT USE DATES OF KIND OF LIKE WE HAVE HERE AND THIS BECAUSE NOW THERE WILL BE TWO I CENTERS THEY'RE GOING TO WE'RE GOING TO HAVE AN ARRANGEMENT WHERE THE CIVIC USE STATES WILL BE KIND OF SPLIT BETWEEN THE TWO FACILITIES — SO DEPENDING ON THE PROGRAMMING THAT THAT THE MANAGER HAS GOING ON HERE AND OUT OF BELLEVUE DOES IF WE CHOOSE TO DO CIVIC USE STATES WILL KIND OF COORDINATE BETWEEN THE TWO THE TWO TEEN COURT I CENTER AND BUILDING YES IT'S TRUE YES — MAINTENANCE WILL BE — STRUCTURED SIMILARLY WHERE YOU KNOW ■THE AUTHORITY WILL BE RESPONSIBLE FOR THE STRUCTURE AND THE LARGER — FACILITIES SYSTEMS THE MANAGER WILL BE RESPONSIBLE FOR YOU KNOW ROUTINE DATED EIGHT MAINTENANCE OF THE FACILITY — AND IT'S THE END YOU KNOW INSURANCE WILL BE — WILL BE QUITE SIMILAR AS WELL WITH THE SPORTS AUTHORITY BEING RESPONSIBLE FOR THE PROPERTY INSURANCE COMBINED WITH METROPOLITAN GOVERNMENT AS PER USUAL FOR HEALTHCARE FACILITIES AND THEN UP

THE MERE MANDREL RESPONSE BEFORE INSURANCE FOR ITS OWN PROPERTY WITHIN THE BUILDING AND IT'S AN EQUIPMENT — AND THAT'S THAT'S PRETTY MUCH THE THE HIGH LEVEL YOU KNOW FORCED VIEW OF EVERYTHING OUR HOPE IS TO BRING — THAT OF COURSE BEFORE THE THE MEETING — GET DOCUMENTS BUT TO BRING THIS BACK TO THE BOARD AT THE NEXT MEETING FOR APPROVAL — AND IT SHOULD GO TO THE FINANCE COMMITTEE PRIOR TO THE FULL BOARD MEETING SO SOMETHING TO LOOK FORWARD TO NEXT MONTH SO MORE LEGAL [inaudible] DOCUMENTS THANK YOU MARGARET ANY QUESTION

FOR OUR LEGAL COUNSEL YOU'RE DOING SUCH A FANTASTIC JOB COULD YOU ALSO TAKE US THROUGH THE NEXT PORTION OF OUR AGENDA WHICH IS THE ELECTION OF OFFICERS OF THE WELL OF THE ELECTION OF OFFICERS ARE BYLAWS REQUIRE THAT WE DO THAT IN — JANUARY EVERY YEAR AND SO YOU HAVE A REALLY OLD — MEMO THAT IS STILL ACCURATE TWO TODAY — AND SO WE SHOULD — DO ELECTIONS I SEE WE ARE GOING TO BE LIKE YOUR OFFICERS YOU GE- YOUR CHAIR VICE CHAIR AND YOUR SECRETARY TREASURER SLASH TREASURE — USUALLY FOR THE ELECTION OF THE CHAIR — IT WITH THE CHAIR CAN TAKE NOMINATIONS FROM THE FLOOR BUT IF THE CURRENT CHAIR IS UP FOR ELECTION FOR CHAIR USUALLY WILL TURN THAT OVER TO THE VICE CHAIR ELECTION

THAT PARTICULAR ELECTION UNLESS YOU'RE DOING IS LIKE I HAVE A QUESTION CAN WE MAKE A MOTION TO DO ALL – THREE YES OFFICERS IT WANTS WITHOUT CHEER RELINQUISHING CHAIR — IT IF THERE'S NO OBJECTION YES THAT'S THAT'S NOT A PROBLEM WHAT I WOULD LIKE TO DO THAT IF THERE'S NO OBJECTION? OKAY SO AS WHAT WE'VE HAD A GREAT YEAR PAST YEAR AND I AGREE CHECK WITH THE PERSONNEL COMMITTEE — THAT MONICA FIVE KNOTS AND HAS DONE A TERRIFIC JOB AND IT WAS REALLY A PLEASURE TO VOTE AS THE FIRST ITEM THE DAY ON HER RACE IT'S VERY DISTURBING AND THANK YOU VERY MUCH MONICA

AND WE'VE HAD GREAT OFFICERS IN MAY THEY SHOW UP AND DO THINGS THAT WE OTHER BOARD MEMBERS DOWN DAY AND THAT HAVE REALLY DEDICATED A LOT OF TIME THIS PAST YEAR SO I WOULD LIKE TO MAKE A MOTION THAT IS IT TO THESE OFFICERS TERMS IF THEY WILL CHOOSE TO ACCEPT A SERVING ANOTHER YEAR AND THAT'S KIM ATKINS FOR A CHAIR KATHY BENDER FOR VICE CHAIR AN IMAC WHEN IS OUR SECRETARY TREASURER

WE WE HAVE A MOTION — ON THE FLOOR AND SECOND I GUESS THERE'S A SECOND THOUGH — MOTION PROPERLY SECONDED ALL IN FAVOR SAY AYE [inaudible] ANY OPPOSE — SEEN NONE MOTION THANK YOU CARES MUCH THANK YOU GRADUALLY THANK YOU — CERTAINLY HONOR TO BE A PART OF THIS FORD AND SERVE IN ANY CAPACITY AND IT'S REALLY IT'S A VOLUNTEER BOARD AND EACH AND EVERYONE OF US — TRY TO DO OUR VERY BEST AND SHOWING UP AS PART OF IT BUT ALSO REQUIRES A LOT OF TIME AND EFFORT AND FOR EXAMPLE TODAY JUSTIN YOUR SCHEDULES TO BE HERE WE REALLY APPRECIATE IT AND IT'S A IT CONTINUES TO BE A REAL DOOR TO GET TO KNOW EACH AND EVERYONE OF YOU SO THANK YO AND WE APPRECIATE EVERYONE ELSE HANGING WITH US TODAY THIS LENGTHY BUT PRODUCTIVE MEETING – OUR NEXT MEETING FOR THE FULL BOARD WILL BE FEBRUARY TWENTY FIRST WILL BE BACK TO OUR USUAL THURSDAY SCHEDULE — AND I BELIEVE ALICIA WAS GOING – TO AND IT WILL BE HELD AT BRIDGESTONE ARENA AND WE WERE GOING TO DISTRIBUTE THE MEETING DATES FOR THE YEAR

AND SHE HAS PRINTED THOSE AND WE DISTRIBUTE CAN YOU HAND THEM OUT OR HAVE YOU ALREADY AND WE'LL GO AHEAD AND AND GIVE A HARD COPY OF YOU CAN GO AHEAD AND PUT ON YOUR AGENDA — THE REASON WE DIDN'T HAVE IT BEFORE HAND SHE WAS TRYING TO ALSO IT LOCKED DOWN THE LOCATIONS IN ADVANCE BUT SHE'S STILL WORKING ON THAT BUT AT LEAST EVERYONE HAS THE DATES AND TIME I KNOW IT'S THE NEW YEAR SO — PLEASE — PLAN ACCORDINGLY — ALSO AS A MARTYR DARBARI ALLUDE- TO HOPEFULLY OUR FINANCE CHAIR CAN ARRANGE — OUR FINANCE COMMITTEE TO MEET PRIOR TO OUR NEXT BOARD MEETING- SO WE WILL GET BACK TO YOU ON A DATE FOR THAT — AND I BELIEVE THE STAFF ALSO SURVEY THE BOARD ON WHERE THE COMMITTEE ESPECIALLY ON DATES THAT WILL WORK IN ADVANCE OF OUR FEBRUARY TWENTY FIRST MEETING THAT'S NEXT [inaudible] AS ALWAYS — BINDER SO THEY CAN RECYCLE THEM AND ALSO AGAIN I WANT

TO REMIND EVERYONE IT IS ADAM NOOSES BIRTHDAY SO IF YOU HAVEN'T SAID HAPPY BIRTHDAY YET- DO SO I'M SURE HE'S EVER HAD ENJOYING IT BY SPENDING THE MORNING WITH US ESPECIALLY SO THERE'S NOTHING ELSE I WOULD ENTERTAIN A MOTION TO ADJOURN WE ARE ADJOURNED THIS IS FOR THE SERVICE OF THE METRO NATIONAL IF YOU WOULD LIKE TO SEE THIS PRESENTATION AGAIN

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