FEBRUARY 4, 2014 WORKSHOP MINUTESCITY OF VIRGINIA BEACH
"COMMUNITY FOR A LIFETIME"
CITY COUNCIL
MAYOR W/LL/AM D. SESSOMS, JR., A1 Lm-ge
VlCE MAYOR LOU/S R. JONES, Bavside - Dish-ict 4
ROBERT M. DYER, Centervi[le - Dish-ic! 1
BARBARA M. HENLEY, Princess Anne - District 7
SHANNON DS KANE, Rose Hall - Dish•ict 3
BRAD MARTIN, P.E., At Large
JOHN D. MOSS, At Lmge
AMEL/A ROSS-HAMMOND, Kentpsvil/e - Distric! 2
JOHN E. UHR/N, Bendi - Dish-ict 6
ROSEMARY W/LSON, At Lnr•ge
JAMES L. WOOD, Lvnnhnven -District 5
CITY COUNCIL APPOINTEES
CITY MANAGER - JAMES K. SPORE
C/7YATTORNEY- MARKD. STILES
CITYASSESSOR - JERALD D. BANAGAN
CITYAUD/TOR - LYNDON S. REMIAS
C/TY CLERK - RUTH HODGES FRASER, MMC
CITY COUNCIL WORKSHOP AGENDA
04 FEBRUARY 2014
1. CITY EMPLOYEE RECOGNITION - Council Chamber -
CITYHALL BU/LDING
2401 COURTHOUSEDRIVE
VIRGINIA BEACK, VIRGINIA 23456-8005
PHONE: (757) 385-4303
FAX (757) 385-5669
E-MAIL: ctycncl@vbgov.com
II. CITY MANAGER'S BRIEFINGS - Conference Room -
A. OCEANA ANNUAL REPORT
Captain Christopher Chope, Commanding Officer, NAS Oceana
B. CITIZEN SATISFACTION SURVEY
Nanci Glassman, President, Continental Research
C. VIRGINIA BEACH PROFESSIONAL BASEBALL
Cindy Curtis, Deputy City Manager
D. OUTLET MALLBURTON STATION UPDATE
Barry Frankenfield, Director, Strategic Growth Area Office
E. GOLF COURSES, SPORTPLEX and FIELD HOCKEY
Michael Kalvort, Director, Parks and Recreation Deparhnent
2:45 PM
3:00 PM
F. 1NTERIM FINANCIAL STATEMENT
Patti Phillips, Director, Finance Department
-1-
VIRGINIA BEACH CITY COUNCIL
Virginia Beach, Virginia
February 4, 2014
Mayor William D. Sessoms, Jr., called to order the CITY COUNCIL'S WORKSHOP in the City Council
Conference Room, Tuesday, February 4, 2014, at 2: 45 P.M.
Council Members Present:
Robert M. Dyer, Barbara M. Henley, Vice Mayor Louis R. Jones,
Shannon DS Kane, Brad Martin, John D. Moss, Amelia N. Ross-
Hammond, Mayor William D. Sessoms, Jr., John E. Uhrin, Rosemaiy
Wilson and James L. Wood
Cvuncil Members Absent:
None
February 4, 2014
-2-
CITYEMPLOYEE RECOGNITION
2:45 P.M.
Mayor Sessoms and Members of City Council expressed appreciation to those Depaf-tments and
Employees for their hard work during last week's snow storm. Mayor Sessoms advised he has received
numerous compliments regarding the efforts to provide Citizens safe roads to travel. Aubrey Laney,
Secretary of Transportation, called and personally commended those employees who worked alongside
the Virginia Department of Transportation (VDOT) cYews while they provided additional support treating
and plowing roadways. Mayor Sessoms also stated he had a local reporter call him personally to
commend the City's efforts to provide Citizens with safe roads. Employees worked 24 hours a day for 3
days in order to re-open the Ciry on Friday.
Mayor Sessoms personally thanked each Employee and handed out the City's 50"' Anniversary Gold Coin
as a token of the City's appreciation. A listing of the Departments/Employees recognized is attached and
made a part of this record.
February 4, 2014
PUBLIC WORKS DEPARTMENT
Operations (10)
Mark Johnson ?
Phillip Koetter `
Julie Hannah 7)
Cynthia Cebrian
James Huntington Spamion Brown ?
Kenyatta Adams
George Smith 9
Brian Delfenthal
Glenn Atwood I o
Infrastructure Maintenance Administrator
Operations Management Administrator
Engineer IV
Engineer Technician I
Operations Superintendent- Streets
Maintenance Supervisor
Motor Equipment Operator I
Motor Equipment Operator II
Carpenter Supervisor (Representatives)
Maintenance Engineer/Building Systems (Representatives)
Fleet Mana_qement (7)
Reggie Padgett 1'
Jennifer Bagwell iJ
Larry Forehandi3
Charles WhiteiH
Elizabeth Learyi f
Trent Foreman i L
Jim Yost 0
Fleet Management Administrator
Mechanic Supervisor
Heavy Equipment Operator
Mechanic U
Administrative Technician
Mechanic I
Operations Coordinator
Waste Collections (11)
Sean Alston - Supervisor ? ?
Robert Hatley - Supervisor 11
Dominique Greenidge - Operator d°
Tim Alvers - Operator o'
Barry Lang - Operator
Richard Keller - Operator
Shawn Fuller - Operator
Michael Jordan - Operator
Andrew Shurtz - Operator
Calvin Sykes - Operator
Randy Burnett - Operator
Department Director's Office (1)
Drew Lankford - Media & Communications Coordinator
PUBLIC UTILITIES DEPARTMENT (5)
David West - PU/Water Distribution and Water Pumping Stations
Matthew Hood - PU/Meter Operations
William Roberson - PU/Sewer Collection
Tim Barrett - PU/Sewer Pump Stations
Kenneth Williams - PU/Sewer Pump Stations
1/2
PARKS & RECREATION DEPARTMENT
Landscape Services (13)
Frank Fentress - Landscape Management Administrator
Brian Mullen - Motor Equipment Operator I
Marcia Young-Crumble - Landscape Supervisor
Donny McCall - Mechanic II
Woodrow Spence - Motor Equipment Operator II
Will Harris - Motor Equipment Operator II
Jackie Hodges - Groundskeeper I
Bryan Ebron - Groundskeeper III
Ethan Cason - Groundskeeper II
David Walker - Operations Coordinator
Sol Barton - Groundskeeper III
Carmen Czako - Groundskeeper I
Greg Benitez - Groundskeeper II
CITY MANAGER OFFICE - MED/A AND COMMUNICATIONS (2)
Marc Davis - Media and Communicator Group Manager
Lise Chandler-White - Media and Communications Coordinator
COMIT - MULT/ MED/A SERVICES (2)
Tyler Swartz - Multimedia Communications Supervisor
Barbara Morrison - Media and Communications Coordinator
F/RE DEPARTMENT - EMERGENCY OPERATIONS CENTER (Z)
March Marchbank - EOC Manager
Erin Sutton - Emergency Planner
VIRG/NIA DEPARTMENT OF TRA NSPO TA TION (1)
John Jacobs - District Maintenance Engineer, Hampton Roads District
212
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CITY MANA GER'S BRIEFING
OCEANA ANNUAL REPORT
3:00 P.M.
Mayor Sessoms welcomed Captain Chope, Commanding Officer - Naval Air Station, Oceana. Captain
Chope expressed his appreciation to City Council for their continued support of NAS Oceana. Captain
Chope advised this is the Annual Update, which is codified in the Memorandum of Understanding,
between the Navy and the City of Virginia Beach:
Captain Chope assumed Command of Oceana in August. Captain Chope expressed appreciation to the
City for working with the City of Chesapeake in adopting their recent Zoning Ordinances. Captain
Chope advised the City has been an excellent partner in protecting the encroachments in and around
Oceana as well as keeping the Navy informed of proposed zoning that could have impact on the Navy:
Another Great Year A
•/ assumed command of the East Coast Master Jet Base on 16 August 2013
and look forward to continuing [his great pannership.
• Like Virginia Beach, Chesapeake has fully adopted Navy criteria in[o
municipal zoning ordinances and now inc[udes an MOU that a[lows for
joint Ciry-Navy staff review of land use proposals. Thank you for the
assist on this issue.
• Encroachment Pannering efforts in the ITA/RAA have exceeded
e_rpectations.
• The NAS Oceana/NALF Fenaess AICUZ Update is progressing through
Navy channels for eventual approval by OPNAV.
• Staff to staff engagement on Form Based Code, MOU update and Joint
Staff Review Group has been nothing shoK of exce[lent
• Joint training exercises conducted were Hazardous Material Response,
Aircraft Mishap, Active Shooter nnd pnrticipt[ted in "Operntion
Tidewater° tornndo table top erercise.
February 4, 2014
}
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CITY MANA GER'S BRIEFING
OCEANA ANNUAL REPORT
(Continued)
`. Encroachment Partnering
5 ? ITA/RAA Acquisition Program
This is a model for other localities to emulate in an effort to operate smartly and safely:
AICUZ Update
• First of its kind document
• rirginia Beach/Chesapeake
planners and attorneys assisted in
this efforx
• Captures post JLUS successes
for both cities.
• An up-to-date user's manua[
for what is ceHainly the most
dynamic A/CUZ Program wlthin
the U.S. Navy.
February 4, 2014
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CITY MANA GER'S BRIEFING
OCEANA ANNUAL REPORT
(Continued)
Gaptain Chope advised the Navy is scheduled to upgrade the main gate to Dam Neck and will begin in
Api°il to get it to Navy's standards. This project will create traffic issues but the Navy will do their best to
keep tYaffic moving and reduce negative impacts. Also, The Navy is moving two (2) Squadrons to the
West Coast, approximately 500 to 600 individuals. Captain Chope advised there may or may not be
another BRAC as he believes the City and Navy anti-encroachment efforts since 2005 will go a long way
in keeping Oceana viable for the long term:
? t Future ?
• Dam Neck Main Gate Upgrades
• WesdEast Coast Strike Fighter Aircraft Split
- 60 % Pacific Fleet: 2 x Super Hornet squadrons (2016) & CVW-17
(a/ready complete) homeport change to NAS Lemoore
• F-35 Joint Srrike Fighter: 2024 ear[iest East Coast introduction
• F/A-18C ro F/A-18E Transition
• Continue onJaff base joint training exercises to include Camp
Pendleton
Captain Chope stated the NAS Oceana Air Show will be held this year. The show will look a little
different this year but the Blue Angels are committed. However, the Super Hornet demonstration and the
Friday Night Show will not take place:
February 4, 2014
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CITY MA NA GER'S BRIEFING
OCEANA ANNUAL REPORT
(Continued)
Captain Chope expressed his appreciation to the Ciry for their continued efforts to work jointly with NAS
Oceana and he looks fonvard to many more years of continued cooperation:
Mayor Sessoms expressed his appreciation to Captain Chope and the other superb Navy personnel that
continue to work with the Ciry.
February 4, 2014
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CITY MANA GER'S BRIEFING
CITIZEN SATISFACTION SURVEY
3:20 P.M.
Mayor Sessoms introduced and welcomed Nanci Glassman, President - Continental Research. Ms.
Glassman expressed her appreciation to the City of Virginia Beach to provide the results of the 2013
Citizens' Survey, which will show how Citizens feel about Virginia Beach:
Ms. Glassman provided the Methodology as to how the study is conducted. The sample is taken from a
cross section of the City with most calls being made in November and early December.•
February 4, 2014
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CITY MA NA GER'S BRIEFING
CITIZEN SATISFACTION SUR VEY
(Continued)
Ms. Glassman provided the word scale used in the survey. She is pleased to report that nineteen (19) of
the thirty (30) City Services rated above 80%.•
93.8% of those surveyed were satisfied with Ciry Services overall:
February 4, 2014
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CITY MANA GER'S BRIEFING
CITIZEN SATISFACTION SUR VEY
(Continued)
Six (6) Departments ranked above 95%:
Six (6) items ranked between 90 and 95%:
February 4, 2014
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CITYMANAGER'S BRIEFING
CITIZEN SATISFACTION SURVEY
(Continued)
Seven (7) items ranked between 80 and 90%. Any comments that citizens offered are recorded in the
back of the report verbatim.
There are a number of issues that ranked below 80%; however, it is important to note that the traffic flow
should not be suprising because it is the nature of Hampton Roads:
February 4, 2014
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CITY MANAGER'S BRIEFING
CITIZEN SATISFACTION SURVEY
(Continued)
Seven (7) of the satisfaction ratings are significantly better than the last suYVey.
It is important to note that the percentage of Citizens using services are likely to rank them higher as is
indicated by the "**" to the right:
February 4, 2014
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CITY MANA GER'S BRIEFING
CITIZEN SATISFACTION SURVEY
(Continued)
In 2011, a new question was added regarding how residents prefer to receive information and,
ovenvhelmingly, electronic communication is the preferred form:
A total of nine (9) statements weYe provided about "Life in the City " and safety continues to be important
and track very high:
February 4, 2014
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CITY MANA GER'S BRIEFING
CITIZEN SATISFACTION SURVEY
(Continued)
Even during challenging economic times, those surveyed believe they receive good value for their City
Tax Dollar. It is important to note that favorable rating for taxes never receive good ratings:
The percentage of residents that think the City is a good place to live has always ranked very high:
February 4, 2014
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CITYMANAGER'S BRIEFING
CITIZEN SATISFACTION SURVEY
(Continued)
The results were broken out by area within the City in an effort to help track where there are potential
assues:
Percent Satisfied With
City Services Overali
_...-
?
1
`°? .. ??....
( r }
.: ...r . 29fST ??
February 4, 2014
Percent Satisfied With Overaii
Appearance of My Neighborhood
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CITY MANA GER'S BRIEFING
CITIZEN SATISFACTION SURVEY
(Continued)
Percent Satisfied With Contlition of
Streets in My Neigh6orhood
y } i v
wzls } . s+,i} .?1L^l..
.. ? , . i_?. : ..
21i69
A question was added this year relating directly to Envision 2040:
February 4, 2014
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CITY MANA GER'S BRIEFING
CI T I ZE N S A T I S FA C T I O N S UR VE Y
(Continued)
Below is the demographic information of residents sus-veyed. The average age is 47.8 years old with an
avey°age income of $78, 000.•
Overall, Citizens feel they have a nice quality of life and feel connected:
Mayor Sessoms thanked Ms. Glassman and the entire research team for their work.
February 4, 2014
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CITY MANAGER'S BRIEFING
VIRGINAI BEACHPROFESSIONAL BASEBALL
3:40 P.M.
Mayor Sessoms welcomed Cindy Curtis, Deputy City Manager. Ms. Curtis expressed her appreciation to
City Council and to the two (2) investment groups that have brought this proposal to the City:
Princess Anne Commons
Youth Baseball Compiex and Stadium
City Council Briefing
February 4, 2014
J
Ms. Curtis provided the background as set forth below:
Background
January-June 2013 - Two private investment groups separately approathed the City to
develop and operate a youth basebail tournament complex in Princess Anne Commons
August 13, 2013 - City Council briefed in closed session. Staff diretted to proteed with
seeking interest in the project through an open and competitive process.
September 6, 2013 - Request For Interest & Qualifications (RFI) advertised for Youth
Baseball Tournament Facility and Additional Athletic Facilities.
October 7, 2013 - City received four proposals in response to RFI.
• November 26, 2013 - City Council briefed in closed session on VBPB proposal. Staff is
directed to begin negotiations with VBPB. Councilman Uhrin and Councilwoman Henley
serve as liaisons.
2
February 4, 2014
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CITYMANAGER'S BRIEFING
VIRGINAI BEACH PROFESSIONAL BASEBALL
(Continued)
Ms. Curtis intYOduced and thanked the individuals that have been working so diligently on this Project;
specifically, the members of Virginia Beach PYOfessional Baseball, LLC (VBPB):
Project Team
City of Virginia Beach
lohn Uhrin, Ciry Council
Barbara Henley, Ciry Council
Cindy Curtiz, Deputy City Manager
Alex Stiles and Debra Bryan, City Attorney Office
Michael Kalvort, Director, Parks and Recreation
Barbara Duke, Parks and Recreation
Kevin Bennington, Parks and Recreation
Nancy Helman, Sports Marketing Direc[or
Nancy Leavitt, Linance
Stephen White, Planning
David Couch, Emnomi< Development
eill Davis, Purthasing
Brailzford and Dunlavey, Consultan[s
Virginia Beach Professional
Baseball, LLC (VBPB)
veyi?t, eea?n
Profevsionai 8ase0all
loe Pinto
Clay Dills
James F. Short
lohn Hawley
Terry Dugan
Brian Kirwin
Edward Bourdon, Legal Counsel
VBPB's proposal has three (3) major core focus areas: Stadium and Commercial Space, Youth Baseball
Complex and Princess Anne Athletic Complex:
Virginia Beach Professional Baseball
Proposal
Stadium and Commercial Space
5,000 seat stadium with 2,000 berm seats
• The stadium Will host an independent Atlantic League Team.
• Semndary [enant is the Coastal Plain League, a summer wooden bat league
60,000 s.f. office building
• Prospective tenants indude Sentara and Tidewater Community College. All tenants will be
restricred to sports related education and businesses.
Youth Baseball Complex
li lighted diamond fields (10 with artiticial tuA)
• Host 30 national, regional and lo<al baseball and soft6all rournaments for youth ages 5-20 annually
• Host men's and women's regional and national sokball tournaments
• Communi[y league games and tournaments
• Colla6ora[e with NB SOOrts Marketing and Parks and Recreation to 6ook iournaments and develop
VB hotel/restauran[ packagez for participants
Princess Anne Athletic Complex
4 sokball fields
• VBPB to constmct four new softball fields for public use. VBPB to have ezdusive use of 12 PAAC fields
for 3 weekend tournament events per year and weekday use before 3 p.m. for training, clinics and
camps
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CITY MANAGER'S BRIEFING
VIRGINAI BEACH PROFESSIONAL BASEBALL
(Continued)
Below is a map of the Princess Anne Commons Athletic Village:
The stadium will host a Minor League Team, which is part of the Atlantic League of Professional
Baseball Clubs. It is important to note, VBPB holds the exclusive rights to this franchise.
VBPB Proposed Site Plan
. ? ?t' ? q ? ??'s ? r? i ? • 13 lighred diamond fields
? A 1411 (10 w/ artficial turf) on 90
-- ? ? acres designated for
econom c development in
ITA master plan
)
Stad um of 5,000 fized seats
71
+2,OOObermseating
Z lJ ?
ra gggr ?" ? j*., ? • 60,000 s.f of commerual
offce sPace
q?/ ?-'?' -" - ?? j? : „? • Central wooded park area
f7 4 ei ?5. ?
-? ? ? ?? -a ... • Playgrounds
wc+° j
t1r y
?? N ??' k .?R °`- • Concesswns/Res[rooms
Ma ntenance hcdiry
1,100+ new parking spaces
6
February 4, 2014
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CITY MA NA GER'S BRIEFING
VIRGINAI BEACH PROFESSIONAL BASEBALL
(Continued)
With the addition of new fields at PAAC and the VBPB's proposed thirteen (13) fields, it will bring the
total number of fields to twenty-five (25) that are in very close proximity. The City currently loses
numerous tournament opportunities to the six (6) other complexes in the Region.
VBPB Proposed Additional 4 Softball Fields at PAAC
12 PAAC flields plus 13 VBPB fields = 25 fields in close proximity
iThe 4 new fields at PAACwill allow Parks and
, " LL ^ ;_ • Recreat on to schedule an addmonal 641eague
gameSMandaythroughThunday,opening
Fnday night for tournament play
r ,
By providing [he opportuniry for more Friday
night toumament play, PAAC can accommodate
more three day toumaments
`_- ?The add¢ional 4 fields will also allow the PAAC
t <3
to host 72 teams per event, a 24 team increase
. er current capacity, incr asing the ren[al
inwme for a[hree day event by $3,600
]
Below is the proposed Project's structure. Importantly, the only cost to the City wilZ be those associated
with improvements to Landstown Road:
Project Structure
,. sc.awm... soooo.J..-w. e.Kwncoma? aneanwo,i
: S.OOOFhedSeM.t. Spere witlh l3fkkh . SO/tMI1RNdsatiMC.
: Z.090Be?m5utln5 .
LeaseTerm 30yearland1e11e 30y- lantlleau 35ye11 land1ease
with 3 yea,renewals; N/A
?ryto gWe 3 y_
adva e of
?na ion.1CTOtaI
lea e term not to
eed 30 years.
II.Pen1 NominalforlanEleased minalforlandleased nalforlanE N/A-Ownetland
ie::ed overaiee W me crty
II.COnatrvRionCOSI VBPBresponsibletorall VBPBresponsidetorall VBPBresponsiblefor
all wrts VBPBresponsibleforali
1. OperationalCOSt VBVBresponsibk(arali VBPBresponsiElefarall VBPBresponsible(or Cilyrezponsibleforall
ns costs allcorts s;VBVBallowetluseof
VNPC flelds at no rental
wst 3 weekendz - year
pmsaav.:ero?
mps/training
V.RenovationanEReDair vBPBrespansibk(orall VB"esponsibleforall VBFeresponsiblefor ParksanERecreation
nwatrons/repalrs wa[ions/repairs all responsibleforall
nz/re ns/re
J
February 4, 2014
-z 1-
CITYMANAGER'S BRIEFING
VIRGINAI BEACH PROFESSIONAL BASEBALL
(Continued)
Below is the Summary of Terrns:
Summary of Terms
Lease on Stadium/COmmercial parcel for 30 years; lease on Youth Baseball Complex Darcel for 15 years
with 3 year eztensions up to a iotal of 30 years
VBPB to be responsible for for all mnstruction, o0erating and maintenance costs.
VBFB to be responsible for capital infrastructure renewal and revlacement at a minimum mntribution of:
Years 1-5 5250.000
Years 6-30 I $350,000
Years 11-20 I $400.000
Vears 31-30 54501000
• City to make an incentive payment to VBPB equal to a portion of the admissions and real esWte taxes paid
by VBPB annually at stadium and youth basehall complez, subject to appropria[ion, at the following rates:
Years 1-5 85%, no wp Years 6-10 I 75%, - cap
Years 11-20 60°,6, no cap
• City to widen Landstown Road to serve new youth baseball complex as well as planned municipal uses on
ciry-owned land within the Intertacility 7raffic Area south of Princess Anne Commons ($7.4 millian)
The project team hired Brailsford and Dunlavey to conduct a Market Analysis, which shows a strong
support of individuals within thirry (30) minute driving distance. 3,600 individuals are expected to attend
each game:
Market Analysis .?
. . ..., .. . ,- 2G:4 ,.:?....
Strong market potential for both youth tournaments and stadium attendance
- Over 1 Million people within 30-minute drive time
- Attractive to event organizers due ro regional population, mild weather and resort deztination
- Median age is 35 years, a positive indicator for fun family entertainment
8 Existing Atlantic League Teams located in New York, Pennsylvania, Maryland and Texas
2 Expansion Teams in the planning stages in Loudon County, VA and Virginia Beach, VA
The new Atlantic League Team will share the market with the Norfolk Tides comfortably
- Norfolk Tides area 7riple-A affilia[e of the MLB Baltimore Orioles
- Norfolk Tides average attendance per year over Flve years is 389,835 people or 36% of the market
- Average mafket capture rate for MiLB affiliates i5 45%
- The new AHantic league team haz the opportuniry to pick up the uncaptured 9% (95,000) of the
Norfolk 7ides market
io
February 4, 2014
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CITY MANA GER'S BRIEFING
VIRGINAI BEACH PROFESSIONAL BASEBALL
(Continued)
Below is the recurring economic impact, excluding the jobs for the construction phase. The baseball
corraplex will support 143 full time employees and the stadium an additional 140 full time employees:
•This graphic shows the cumulative recurring economic impact oJthe stadium and youth toumament
omplex. It is importan[ [o note that [he above $20.8M figure does not ref/ect "displaremenY: In other
words, spending within the bollpark, on items such as food and beverage ond merchandise, is largely o
redistribution ojexisting entertoinment spending within the marke[ploce. A signifrcant portion oJthe
spendin9 is not "net new" to [he local economy, but rather, redirected spendin9 Jrom o[her means oJ
en[ertainmen[ (such os [he movie5).
11
Below is the Financial Analysis for the proposed project.•
Financial Analysis
Proied Cost FinancinR
Stadium $21.0 Equity $6.3
Commercial 7.7 Debt Issued by 3`d Party* 43.7
easeball Complex 113
PAAC Fields 3.7 Financing Sources $50.0
Soft Costs 6_3
? Debt will not be considered Ciry debt by rating agencies
and will be non-recourse ro Ciry. An entiry will be created
that will issue the debt and own the facilities; this entity will
Total Project (in $50.0 lease the fatilitiez to VBPB. Piper laffray will issue private
illi
ns)* placement bonds. The bond sale size will include capitalized
m
o inrerest and other msts of issuance.
` Does not include the
$7.4 M ciry mst to widen
landstown Road
B&D estimates that the above project costs to construM stadium and tournament fields are accurate
iz
FebYUary 4, 2014
-23-
CITY MANA GER'S BRIEFING
VIRGINAI BEACH PROFESSIONAL BASEBALL
(Continued)
The total income and expenses for the project include all three (3) components. The primary drivers for
income, as well as the majority of the variance in the analysis, is based on stadium income and expenses:
Financial Analysis
.
,- _
c_ o.,.i- o.., r,,.,,,, r,,,,,,,a?i- - oarr i
?
;
>,? yees a .
?
?
? . ? .?_
.
ToWllncome(YearS) $50,585,740 59,090,000 $1,495,760
Toca1 Expe11e1 (Year5) ($4,796,363) ($6,298,000) $1,511.637
Net Income betore Oebt• $5,199,3]] $2,792.000 $3,00]•37]
rgsbe/ore?neeiest.mar,dep wtanon?-
Year 5 represents a stabilized year of operation
Income: VBPe>BrsilsfordandDunlavey '
Expenses: VBPB <enils(ord and Dunlavey
Net Income Before Debt: VBPB > Bailsford and Dunlavey
The majority of the variance of $3,007,377 is based on stadium income and eapenses
The primary drivers for in<ome are sbdium attendance and number of teams
participating at you[h tournament <omplex.
13
Financial Analysis
_« , ,
Stabilized Year 5- Project Pro Forma Comparison - Part 2
NetlncomeBe/oreDebt(YearS) I 55,799,377 `.$2,]92,=
DebtServitt• I I5000,000) I (531fi001000)
CapRallmprovementiund I ($250,000) I (5250,ODD)
8S.6RealErta[eandAdmissionsTax I $380,000 I $380,000
InceMive'•
Net Income After Dabc Serv.fce and 52.329.3]] ($676,000)
Caprtailmprovemen[Fvndmes $46.SM amoniieEOt6.5%Jor30 yeors
nsToa Bosedan B60 GoteNr?riO?EStimores
7he nliber of the opentor will be the greatest determirtarrt of the number of specrators
that will ultimately anend events a[ the sradium and the number of teams participating at
youth toumament complex.
All Atlantic League fadlities are owned by public entities induding cities, countiez and
redeVelopment authofitie5 and were constrUtted with public financing. Typitally, the Atlantic
League tenant mntrihures only a portion (16%-3096) of equiry or debt to the projec[.
The investors/lenders will be made aware of the B&D Study.
14
February 4, 2014
-24-
CITY MANA GER'S BRIEFING
VIRGINAI BEACH PROFESSIONAL BASEBALL
(Continued)
The benefits of this proposed project are numerous and identified below:
Benefits of VBPB Proposal
• Advances goals of Princess Anne Commons Athletic Village ?
{???
• Provides new facilities, parking infrastructure and park space that are consistent
with ITA and AICUZ restrictions
Total direct tax revenue after incentive for the stadium, fields and commercial is
estimated at $500,000 in Year 5(stabilized year)
Attracts regional and national youth baseball and softball tournaments in
collaboration with CVB Sports Marketing and P&R staff resulting in additional
room night stays April through October for hotels in Virginia Beach
• Accomplishes construction of Phase II of Princess Anne Athletic Complex
(additional 4 tournament softball fields) with private funding.
• Improves community recreation amenities allowing for increased utilization and
enjoyment. Increases diamond field inventory to 25 within Princess Anne
Commons
"I
Below is the potential timeline:
Potential Timeline
February 4, 20146rief council on summary of .
terms at open informal session
February 2 and February 9, 2014 -advertise
for public hearing and lease bid
February 11, 2014-CC to hold public hearing
and wte on lease and terms
. March 2014 VBVB submittal of sire plan to DSC ..
,-? April 2014 - Planning Commission will hold
publi< hearing and vote on Conditional Use
Permi[ and Zoning Modification
May 2014- CC ro consider Conditional Use
Permit and Zoning modifcation
' June 2014 Groundbreaking and start of
. mnsuuction
. May/lune 2015 - Fields and stadium open for
play
:-
?? -__-
16
February 4, 2014
-25-
CITY MANA GER'S BRIEFING
VIRGINAZ BEACH PROFESSIONAL BASEBALL
(Continued)
ThankYou
Questions?
January 28, 2014
Mayor Sessoms thanked Ms. Curtis and the entire team for their work on this project.
February 4, 2014
City Council Closed Session Briefing
-26-
CITY MA NA GER'S BRIEFING
OUTLET MALL/BURTONSTATION UPDATE
4:19 P.M.
Mayor Sessoms welcomed Barry Frankenfield, Director - Strategic Growth Area Office. Mr.
Frankenfield expressed his appreciation to City Council for their continued support. The City of
Noifolk's proposed Simon Premium Outlets will have effects on the Burton Station SGA:
Northampton Boulevard Burton Station SGA
City of Norfolk Simon Premium Outlets
\ , ' Rrafi. \ gi'i. . . . . . . . . . .
The proposed project is adjacent to the NorfolklnteYnational Airport:
,
,
;
,
2 ?
..?
,> ,, ...., ,.
?. ,.
?
February 4, 2014
-27-
CITY MANAGER'S BRIEFING
OUTLET MALL/BURTONSTATION UPDATE
(Continued)
Below is the City's Vision for Northampton Boulevard within the Burton Station SGA. It is important, as
the City works with the City of Norfolk and thru the Planning efforts
Vision for Northampton Boulevard
Burton Station SGA
• Develop a seamlessly integrated development
and open space that supports both cities and
buffers and preserves the Burton Station Village.
• Jointly support the future improvements to and
with the Norfolk Airport Authority.
• Provide sound planning and development
guidance for the entire Northampton/Burton
Station SGA.
• Provide an effective internal transportation
system within the SGA and determine and
mitigate impacts to the adjacent major road.
February 4, 2014
-zs-
CITYMANAGER'S BRIEFING
OUTLET MALL/BURTONSTATION UPDATE
(Continued)
Below is the existing SGA:
February 4, 2014
i
-29-
CITY MANA GER'S BRIEFING
OUTLET MALL/BURTONSTATION UPDATE
(Contiizued)
Northampton Corridor Burton Station
SGA Plan
Existing Land Uses Adopted SGA Plan
The City has made tremendous progress on Phase 1, Burton Station Village. To-date, all properties
needed are acquired, under contract or we have obtained Right-of-Entry. The City is expecting to break
grvund early in 2014. Additionally, Phase 2 and 3 are each at about a 30% design level. Each have held
public meetings, as well as preliminary discussion/review fi^om property owners. Finally, Wesleyan
Drive intersection is expected to be complete at the end of this year:
Burton Station Infrastructure Phasing
?
February 4, 2014
-30-
CITY MANA GER'S BRIEFING
OUTLET MALL/BURTONSTATION UPDATE
(Contiiiued)
The City of Norfolk Development Authority owns appf-oximately fifty (50) acres in the City of Virginia
Beach which is shown below in yellow. The Airport Authority also owns a significant amount of property
which is shown below in orange.
Ownership Map
??>?,? J711.1¦ i ? ?' ?? •??
_ ..:
? •,'`??? Li ?ii "? "
. ,. a.
t?j J Z?°
? .
.
'r'?
' .,
S : ? ? / U,,. •
•F'
Below are the existing conditions:
February 4, 2014
-31-
CITY MANA GER'S BRIEFING
OUTLET MALL/BURTONSTATION UPDATE
(Continued)
The City has had discussions with the City of Norfolk since last August; however, it is important to note
the City has been very clear from the beginning in communicating concerns and issues. The Ciry is
conimitted to engaging the Communiry, as is the City of Norfolk. The City is committed to buffering
Burton Station Village and preserving as much as possible the SGA Plan. The City's goal, based on the
Plan, was to build Wesleyan Drive Extension. Norfolk has made decisions to close the Golf Course so the
Citv will need to revise the Plan to ensure the streets meet current and future development needs. The
City of Norfolk has been very clear they want to sell the land for development, which means it will be Tax
Revenue for Virginia Beach:
Simon Outlets - City of Norfolk
Discussions with Virginia Beach Staff
- City of Virginia Beach:
• Engage local community
• Buffer Burton Station Village
• Preserve the intentions of the SGA Plan
• Build Wesleyan Drive Extended
• Close Burton Station Road for Burton Station Village
• Identify and revise, if necessary development
opportunities
• Ensure roads/streets will meet future development
needs for Virginia Beach
• Identity impacts and needed improvements to adjacent
major roads
Simon Outlets - City of Norfolk
Discussions with Virginia Beach Staff
- City of Norfolk:
• Build/sell land for Simon Outlets
• Sell remaining Norfolk owned property in Virginia Beach for
retail development
• Lake Wright Golf Course will be closed not relocated
• Relocate Wesleyan Drive Extended
• Consider cost share with Developers and City of Virginia
Beach in costs of development
• Expand/preserve green space and recreation opportunities
• Traffic Study for access to proposed development
- Lake Wright Development Briefing to Norfolk City Council January 14,
2014 (next 8 slides)
-32-
CITY MANA GER'S BRIEFING
OUTLET MALL/BURTONSTATION UPDATE
(Continued)
The next eight (8) slides are the exact slides that were presented to Norfolk's City Council on January
14
Simon Rrerrsium Cutlet Park
? Estimated $75 mitlion investment
E- 350,000 Gross Leasabte Squarc Faatage
? Approximatelv $450 per square fioo[ in saies
?Esirmaied $135 mittion in ai?nual sa[es
?$3.3 mitkian in direct annuat city tax revenues
?57.2 mit€ion in state sates tax revenues ' 840 permanent jobs and 300 constt uctian }abs
598,523,047 per year in direct tabar incnme
Integrated Qpen Space Ptan provsding pubtic
recreational access, riparian benefits to wa
reservoir and preservatian af open space '
Qurton Station Area ?
?
February 4, 2014
-33-
CITYMANAGER'S BRIEFING
OUTLET MALL/BURTON STATION UPDATE
(Continued)
February 4, 2014
-34-
CITY MANAGER'S BRIEFING
OUTLET MALL/BURTONSTATION UPDATE
(Continued)
February 4, 2014
-35-
CITY MANA GER'S BRIEFING
OUTLET MALL/BURTONSTATION UPDATE
(Continued)
m 54n:on a,??tx ,75 fcr rzo ir ig ns bc cities
-OorGina[e vr:rti Virginia Cteach f:ir commardty
,agemenC =^:fth ftartnn S[aiirr is(ta„e
er;",
E c c;?uv omv ?i T ath. Anatysis m;i; new rea?
.,. Geve?cr <oc??rition 3greemen' v.ntn V9.g3.,ia. @teach
[Eaoway ietJratiemenL'
? c:nc cratioriagic<i?a ;tiDiorfot'r,EDA;oStorrnwal:.ra:i!s`.a':;stewate imprr,?,•,rner?:,
? Fina[Sze desnns vrith Shriori far aut[eC mal( and open
vMh ti-ginia C.l C i. ?rvr[ n? Fooridai5on
r.?arcJir.s3 fi lding for of sUa? c u7iisc., 3ti in easer
r ?lia? der `Opmer?t, npen space ar.d r 3v -y cnn?
mr future ( u? t h S-ai[on St[ategir. G: cwth A; ea wit?
4i=g;nla 3each
February 4, 2014
-36-
CITY MANA GER'S BRIEFING
OUTLET MALL/BURTON STATION UPDATE
(Continued)
Back to the presentation for today, the only things the City of Norfolk would construct in the City of
Virginia Beach is a road, retention pond and parkzng lot:
Concept Detail - Phase II
?. ?
?
?-. CONCE PiIIAL OVERALL SITE PIAN SP4
Phase II
February 4, 2014
-37-
CITY MANA GER'S BRIEFING
DUTLET MALL/BURTONSTATION UPDATE
(Continued)
Be7ow is the comparison of the proposed Norfolk Plan and the City's SGA Plan:
r. _r_al_ mi_ _I - w nl
1.V111pdi iJVll Vi Imvi ivin r iai i ai iu avr? i iai i
wesleyanDrive p?
Extended (as ?
shown in SGA
Planj `Sti°
,?{''
??e
?
A
?
- - ?
y,
\
j
y^ ° ??. ? ? tl
1?` k
?
Proposed Simon
?
Roadand J C`? -
connecting roads ? i?• ?? ? v?E ? Pro osed
BurtonStation
SGA Roads
J
February 4, 2014
-38-
CITY MANA GER'S BRIEFING
OUTLET MALL/BURTONSTATION UPDATE
(Continued)
The City of Virginia Beach has a number of issues with very little solution or options at the moment:
Outstanding Issues
• Impact to SGA Plan and Residential Village
• Rezoning
• Site Plan submittal
• Traffic circulation and street network
• Determine impacts and any needed improvements to
Northampton Boulevard and the I-64 Interchange
• Development of Norfolk owned property in the City of
Virginia Beach
• Public Utilities - Stormwater, Water and Sanitary Sewer
• Open Space and Recreation System
The City will notify the Burton Station Village residents and have a public information meeting. Should
City Council direct, the SGA Plan could be Amended and before City Council for consideration in six (6)
months:
Residential Village and SGA Plan
• Immediately notify and meet with Burton
Station Village residents and property owners
• Develop schedule to amend the existing SGA
Plan
• Hold public meetings and workshops (includes
City of Norfolk)
• Amend the SGA Plan
February 4, 2014
-39-
CITY MANA GER'S BRIEFING
OUTLET MALL/BURTONSTATION UPDATE
(Continued)
The Site Plan Review and Rezoning are under the control of the City of Virginia Beach and on schedule
to be considered by the Planning Commission in March 2014:
Rezoning
• City of Norfolk request
forRezoning
submitted January 6,
2014.
• Rezoning request is 62
Conditional Zoning
(change from I-1)
• Total area to be
rezoned is 5.5 acres
• Planning Commission
Agenda March 2014
Li
Site Plan Submittal
• Preliminary review by City staff
• New Simon Road subdivision road, portion to
be dedicated as City ROW
• Stormwater addresses Norfolk development -
consider easements for future development in
the City of Virginia Beach
• Site plan to be submitted February 21, 2014
February 4, 2014
-40-
CITY MANA GER'S BRIEFING
OUTLET MALL/BURTONSTATION UPDATE
(Continued)
Noifolk submitted a traffic study, which only included the rrew development on the City of Norfolk's
property. The study did not include the potential impact of other development projects, nor address I-64
improvements or connections to the City of Virginia Beach:
Traffic and Circulation
• Norfolk Traffic Study
• Included only new retail development, does not
include new development potential in Virginia
Beach
• Does not address improvements to I-64
Interchange and Northampton Boulevard
• Does not address connections to Virginia Beach;
CVB position is only one signal on Northampton
Boulevard between Wesleyan and Baker Roads
• Continue to work with Norfolk to address all the
above issues
It is important to understand what potential development is being considered:
Development of Additional Norfolk Owned
Property in City of Virginia Beach
I ; Miller Store Road
• City of Norfolk
considering sale of 38
acres in Virginia Beach
• Additional details
needed on road
development,
connections and
ownership
• Estimated 200,000
square feet of additional
retail development
- i , fo
? s
o?
? Po
;
! Future Retail
i Development
; City of Norfolk
k Property
n Blvd.
Nortt)amp February 4, 2014
-41-
CITY MANA GER'S BRIEFING
OUTLET MALL/BURTONSTATION UPDATE
(Continued)
Preliminary Site Plan
-MillerStore Road
- '
• Review of roads, ti
'
utilities, o
stormwater ?
?
P
• Consider 0d
a
stormwater
easements and
future stormwater ? ? . ?Future Retail ??.
management C Development
, City of Norfolk
f Property
= Northampton Blvd.
The current design does not address the increased development and will need to address the future needs.•
Public Utilities - Stormwater, Water
and Sanitary Sewer
• Determine if current design for Burton Station
Phase 1 will meet future needs
• Consider regional and comprehensive
stormwater management
• Public Utilities needs will change significantly,
previously estimated based on relocation of
the golf course
February 4, 2014
-42-
CITY MANA GER'S BRIEFING
OUTLET MALL/BURTONSTATION UPDATE
(Continued)
Below is a concept of how the Open Space and Recreation Plans could work together:
The first two dates are the Ciry of Norfolk's dates with the next two dates being the City of Virginia
Beach's. The City of Norfolk `s goal is to begin construction in August 2014 because it must be open by
Aub st 201 S:
Schedule
• Site Plan Submittal: February 215t, 2014
• Site Plan Approval: June 27th- 2014
• Rezoning: Planning Commission March 2014;
Council April 2014
• SGA Plan Amendment: luly 2014
• Construction Start Outlet Mall: August 2014
• Outlet Mall Open: August 2015
• ALL SCHEDULES TENATIVEAND SUBJECT TO
CHANGE
February 4, 2014
-43-
CITY MANA GER'S BRIEFING
OUTLET MALL/BURTONSTATION UPDATE
(Continued)
Below are the next steps:
N ext Ste ps
• Address the "outstanding" issues including
impacts to major roads
• Advise Burton Station Village Residents and
Owners
• Schedule Public Process for SGA Plan
Amendment
• Review Zoning and Site Plan submittals
• Advise Council of progress
The Mayor thanked Mr. Frankenfield and the entire Team for their work on this project.
February 4, 2014
-44-
CITY MANA GER'S BRIEFING
GOLF COURSES, SPORTSPLEX and FIELD HOCKEY
5: 08 P.M.
Mayor Sessoms welcomed Kevin Bennington, Sports Management Coordinator - Parks and Recreation.
Mr. Bennington expressed his appreciation to the City for their continued support and is pleased to
provide the update of the Public/Private Partnerships of the City-Owned Athletic Facilities:
The Parks and Recreation - Sports Management Unit was established to administer athletic programs,
venues and oversee contractual agreements with sports facilities owned by the City; including five (S)
City Golf courses, the Sportsplex and USA Field Hockey Regional Training Center. The Sports
Munagement team works closely with CVB/Sports Marketing and our management partners to host
regional and national events providing economic impact through Sports Tourism.
Sports Management Mission
To provide athletic programs and facilities to enhance the
athletic experience of our citizens and guests.
• Sports Management provides contract management for
the City owned Golf Courses, Sportsplex and USA Field
Hockey Regional Training Center.
• Works collaboratively with CVB/Sports Marketing to
promote and host regional and national events in our
City.
February 4, 2014
-45-
CITY MANA GER'S BRIEFING
GOLF COURSES, SPORTSPLEX and FIELD HOCKEY
(Contitiued)
The City of Virginia Beach Golf Courses are currently operated under three (3) lease agreements.
Virginia Beach National and Stumpy Lake Golf Courses are under individual agreements, while Bow
CYeek, Kempsville Greens and Red Wing Lake are combined under one (1) agreement. Each agreement
pays the City a percentage of rent based on total gross revenue.
City of Virginia Beach Golf Course
Operations Performance Update
Below is the three (3) year comparison of rounds played at each of the courses managed by Virginia
Beach Golf Management:
City of Virginia Beach Golf Management
Performance
Bow Creek 28,111 23,984 24,492 24,037
Kempsville Greens 27,257 32,536 39,081 38,678
Red Wing 32,307 40,797 40,113 38,324
Total 87,675 97,317 303,686 101,039
•* Total golf rounds of last year of City golf course operation
February 4, 2014
-46-
CITY MANA GER'S BRIEFING
GOLF COURSES, SPORTSPLEX and FIELD HOCKEY
(Continued)
Below is the rent paid to the City from Virginia Beach Golf Management. It is important to note, the
amounts paid in 2012 were higheY because of the above average Winter temperatures. By packaging
these courses into one lease, the City has created an additional $250, 000 in annual revenue:
City of Virginia Beach Golf Management
Performance
?
Bow Greek $31,008 $54,973 $58,845 $51,707
Kempsville Greens ($194,003) $71,007 $88,197 $83,286
Red Wing $271,723 $135,714 $137;090 $133,096
Total $308,728 $261,694 $284,132 $268,089
•* Total revenue for last year of City golf course operation
Below is the total rounds played and rent received from Stumpy Lake:
Stumpy Lake Golf Course Performance
Stumpy Lake 40,315 39,847 33,681
Stumpy Lake $116,137 $120,511 $97,697
Februaiy 4, 2014
-47-
CITY MA NA GER'S BRIEFING
GOLF COURSES, SPORTSPLEX and FIELD HOCKEY
(Continued)
Revenue
Virginia Beach Golf
$270,102 $149,659
Management
Stumpy Lake $97,967 $48,671
Virginia Beach National $165,547 $75,258
Total Revenue to City $807,204
The City has a management agreement with Hometown Sports Management (HSM) through 2025 for the
Sportsplex and ZISA Field Hockey Regional Training Center. The usage of the facilities has dramatically
increased since the management and the take-over by HSM:
Sportsplex and USAFH Regional Training
Center
• The City has a management agreement with Hometown Sports Management
(HSM) through 2025.
• HSM is responsible for the supervision, management, scheduling and operation,
all facility utilities, and routine maintenance/repairs of facilities and parking lots.
• Parks and Recreation is responsible for all capital maintenance, repairs and
replacement in excess of $10,000.
• Parks and Recreation provides agreement oversight and contract management.
February 4, 2014
-48-
CITY MANA GER'S BRIEFING
GOLF COURSES, SPORTSPLEX and FIELD HOCKEY
(Continued)
In 2013, the USA Field Hockey Regional Training Center hosted a total of 996 games and 323 practices,
with over 57, 000 players and 108, 000 spectators:
USA Field Hockey Regional Training Center
The City and USA Field Hockey have entered into another agreement of use for the USAFH Regional
Training Center for the next four (4) years, ending in December of 2017. The quality of the fields are
second to none and the facility is booked nearly every week from March to October. Below are some of
the major events coming this season:
USA Field Hockey Regional Training
Center in 2014
February 4, 2014
-49-
CITY MANA GER'S BRIEFING
GOLF COURSES, SPORTSPLEX and FIELD HOCKEY
(Continued)
In 2013, the Virginia Beach Sportsplex hosted 611 games and 383 practices, with over 135,000 players
and 197, 000 spectators:
HSM has successfully hosted a number of off Sk running events through the Princess Anne property,
0
adding another offering of the Sportsplex/USAFH complexes. Below are some of the major events
coming in 2014:
Virginia Beach Sportsplex in 2014
February 4, 2014
-50-
CITY MANA GER'S BRIEFING
GOLF COURSES, SPORTSPLEX and FIELD HOCKEY
(Continued)
None of this would be possible without the partnership between the City and HSM. Together, the City is
established as the focal point of athletic activities in Southeast Virginia. Working together with
CVB/Sport Marketing, the City brings athletes from around the country to play in Virginia Beach.
Thr-ough these paYtnerships, the City has created facilities that Citizens can enjoy and be proud of while
providing the economic benefits of sports tounsm:
Moving Forward Together
• Sports Management has worked
together with our partners to
enhance the athletic
opportunities for our citizens
and visitors.
• Working closely with CVB/Sports
Marketing we have established
three-year agreements for 25
(and counting) annual
tournaments held at the
Princess Anne Athletic Village.
Thank you!
Any Questions?
Mayor Sessoms expressed his appreciation to Mr. Kalvort and the entire Team for the great job they are
doing.
February 4, 2014
III '
-51-
CITY MANA GER'S BRIEFING
INTERIM FINANCIAL STATEMENT
5:22 P.M.
Mayor Sessoms welcomed Patti Phillips, Director - Finance Department. Ms. Phillips expressed her
appreciation to City Council for their continued support.
? ,7 7jN"?1:: ???1 ff?.
oV@I V1+2W - o' ?13I1thS r
• 'FY14 General Fund Revenaes
• FY14 Generai Fund Expenditures .
• Neact Steps
February 4, 2014
-52-
CITY MANA GER'S BRIEFING
INTERIM FINANCIAL STATEMENT
(Continued)
The General Fund has budgeted Revenue of $982.8-Million and Expenditures of $1,041.3-Billion for the
Fiscal Year 2013-2014. Collected to date, the Revenues: $408.7-Million and Expenditures: $533.5-
Million.
wi
(in mifilAon.l
. . Annual
Budeet YTD
Actual Variance
.
Revenues
Local (831% of budget) $ 816.3 $ 351.2 $(465.1)
State (15.1% of budget) 148.6 48.8 (99.8)
Federal ( 1.8 % of budget) 17.4 8J (8.7)
Total Revenues . $ 982.3 $408.7 Sf573.61
Expenditures
City Operations $ 639.4 $ .334.2 $ 305.2
SchoolOperations 401A 19943 202.1
Total 67cpenditures $1,040.8 $ 533.5 $ 507.3
LessAmounLS Funded+from Fund Balance
Encumbrances/Carryforwardsat6J30/13 $ 8.2
. City and School Capital Projecrs 24.5
Schoo!'s Operating Budget 3.1
School Reversion 18.$
Thalia Siation ReviWlization 0.5
Arrears Comersion Pay 3.4
Adjus[ed Expendltures $ 982.3
Revenues do not come in equally. Revenues are at 41.6% of the estimated Revenue Budget:
?1
too.a
- - - -- .4--
YTD ACTUAL = 5408.7M
ANNUAL BUDGET = $982.3M
7eaw,
?
s
p.60%- ..__.__ _ .. . _- ._ ... . -- _ 6 ...._._ - _
.? . ,?°"..?..,....? 58.7%
+Y'
41.6% -,.._-
I- 45.1%
326% 42.0% .
E II F??
° ?28.1%
3- -
4..._.3%
8.5% 13.9%
?f
1.5W° a? &6%
*! 4.2%
Jul Aug Sep O<t Nm Dec Ian? Feb Mar Apr May Jua
«r-RevTrend -fFYl4RevBUdge1
February 4, 2014
-53-
CITY MANA GER'S BRIEFING
INTERIM FINANCIAL STATEMENT
(Gontinued)
wi
• Still need eo collect 58.4% af revenues
?"Fotal Revenue fnilaws the trend line
- lncludes Tax Rclief for Eiderly & Risabied ai $14.7M
- Ineludes delinquents fram prior years
? Severul items are an a 1- 2 mauCh lag
• Eusiness Lieense tax (BP4L) due in March 20114 -$42.8M
• 2nd Reat EsEateinstaliment due June 5, 20I4
• Lacal Annual Persc?nai Property tax due June a, 2014 -$85.2M
One of the most significant Revenues for the City is Real Estate which is at 51.3% of collection:
"
1• i
• r? li
` . .:.... ....._ . _ _. eox
swa
uea.z BUDGET
4 S441.0
y435
.
$423.7 5 427.1
BOX
. {?oo . . . .. ... ... ... .
51.1 % 5'1.4! 5t2°.o 5'12°iu 593°!0
?
?
$300
! C
10% U
• 236.7 0
; 224.0 218.7 225.9 219.3
?
rcSxuO X
toX
$100
93
so ox
FVxo1o Frzo» Frm1z Fvzois Fr:o1a
??A ICOllscllon OYTD botTOWI l
..--_ .
`Topl Citywide Budget of $462.4M
February 4, 2014
I '
-54-
CITY MANA GER'S BRIEFING
INTERIM FINANCIAL STATEMENT
(Contiizued)
r . . ... ? _ . _........_ ---..._ .. ._- ---- -....__? wy
I BU DGE T
5 65.2
$80 I . .
$73.7
E74.7 ?
$73.1
I y85.9
?
? jgp
1 . .. .... . 557.8 . . 29.8% . 30% a
? 27.0°c
U
= 28.6 % o
e 20.91 ?
..
: so
. 22.4% ... ..
. . 19.8 0 .
M %
? 19.6%
. . 19.7 19.9
$RO 152 15.3 75.6 18.8 tox
14.4
ox
so FYA08 FY1008 FY20f0 FY2011 FY2012 FYXI13 FY2014 .
C?ACt IC Il.c[ianc oYtD fTOWI ?
General Sales Tax is up by 4.2%from this time last year:
?
• ?
i . c = ? 1 {
62%UphomFYt3 BUD6ET
{80 $58.0
E53.4 555.0 80%
E57.7
550.3
m
84.1J
43.3%
43S!
sao
1
f22
8
523.7 523.9 524.9
$22.1 .
515
=p 0%
fY]010 iY2011 FY207Y FY3013 FV2014
? Ad IG Ilxtions oYTU +% oiTOWI I
February 4, 2014
-55-
CITY MANA GER'S BRIEFING
INTERIM FINANCIAL STATEMENT
(Continued)
:3o
$25
$25.0
....
E25.4
s24,9
. ..
44.0%
B
$25.1
.
43.d"o
UDGE
525.7
T
d3.3%?
- ?Y^
'.
..
SPO
39.2°e 39. 0 "le
40X a
h o
:$16 . ... .... . ...... U
0
;?
... $11.0 10.9 10.9 X
. SB.H S9A
.:._10 .. .
' ¢ox
$5
o o%
$ FY207o .. FY2011 FV3072 FY2073 FY204
?AC1ua1 COl leclioiu OYID ??Y.olTOlal
?
....
•
e
09_ .`
:'• ,
,
0 f
f25 .._. _.?_ ... .. . _.._ _._. ....... 80%
2.3Y Down irom FY73
$27.6 BUDGET
.3
$20
E79.7 579.5 519.7
=p
40%
e
c
38.1 a a
? $tb 33.6"0 34.2 % 33,3% 32.3°0 0
? U
O
? S1a X
20%
$1.3 57.7
$7.0
58.5 $6.4
xs .. ... .
ox
? so FY2010 -- --+
iY2011 FY2012 FYM13 FY21171
iM AC1ualLOllections O- ?holTOlal i
February 4, 2014
-56-
CITY MANA GER'S BRIEFING
INTERIM FINANCIAL STATEMENT
(Continued)
The City continues to do well with this Tax which is a good sign that the Resort Area and hotels are
doiizg well overall:
6 6
3
?
i• r• 1,?
09- 2
1
n
1.3X Up hom PY13 BUDGET
56.7
38 55.8 .. 125%
$5.5 $SA '.
uz
u
S4.4 $4.5 '. 100K
?
_ $
4
S4.1
f 59 53.8 77A
6
73 6
733 ;, 74.1 cg
75X
.
i3
t
{4
zsx
ox
? FY2010 .....FY2011 FY2014 FY2013 FY3014
?qcl IC Ilactione OYTO ??°FofTOtal I 71X Up hom FY13 I BUDGET
f30
E2Z4 tw%
.. $25.8 $28.3 '?..
?
$25 . .... SY4.2... . .. .
.
$22.8 125%
? fM .
.
. 579.1
$19.3 c
0
= $17.6 $17.8 ! 700X°
?
N 1
U
{i6
3.
72,6%
69.3
72.5
70.4? 0
76X F
K . 1 X
$10 SOX
? fb 25%
0% . .
So FY2070 FY2017 fY2012 fY1013 FY2071
???ACNaICOIix??ons ttD 6%ofTO4l ..?I
February 4, 2014
-57-
CITY MANA GER'S BRIEFING
INTERIM FINANCIAL STATEMENT
(Continued)
The City continues to do well with this Tax and fully expects to make Budget:
? }
I
$32 ..? _ ?_ -------
t.lX Up from FY73 . B
$35.7
$34.0
$32.3
$30.9
52.7'.6 51.6°0 52.0°,0 152AI -
UDGE
$37.7 ---
T
...
1.8i - eox
O%
?.
s ?
? $za ?
= $19.2
4 518.4
$17.7
-
a $18.3 $18.6 K
S78
YoX
$6 }
?
?
io
FY2010 FI1011 FYtOit FV2013 FYfOU
February 4, 2014
-58-
CITY MANA GER'S BRIEFING
INTERIM FINANCIAL STATEMENT
(Continued)
E . a •
FYZ0I4YTD
?
? Budget $ .
% ?
Real Fstate Taxes $ 427.1 $ 2193 51.3 %'
1 Personal Property Taxes 852 16.8 19.8 ?
? Peis. Prop. TaxReliefACt 53.4 6.5 12.2 ?
General Sales Tax 58.0 24.9 43.0 ?
? Utility Taxes 25.1 10.9 43.3 ?
? Telecorrnnunications Taxes 19.7 6.4 323 ?
7 Business licenses 42.8 1.8 4.1 ?
Hotel Taxes 6.1 4.5 74.1
RestaurantTarzes
37.1
192 ?
51.8
Charges for Services 60.6 252 41.5
?
Other Local Revenues 54.6 222 40J s
g* State Revenues 952 423 44.4 ** ?
* Federal Revenues 17.4 8.7 49J
$ 982.3 $ 408J 41.6 % .
?
* CF portion oni,y
*
% does notinclutle PP7RA portion?
February 4, 2014
-59-
CITY MANA GER'S BRIEFING
INTERIM FWANCIAL STATEMENT
(Continued)
wi
toox ,- -
ACTUAL REVENUES = $4067M
ACTUAL EXPENDITURES= 4533.5M
rt?
1
n
58 -?.
re r 416 -IS_I?n
; . _ _.. ----- -___
o 4W^ 3' ? °' . .
r
32.6
? 34.U4o
6 ? 2] 9 /a =ii.:?Nr
,. _. - .. . _. .. _- _ _
2? . _ .. __- ... . . .____- - .._ .
19.49G -
iG a:iry?.
15.2%
'-f 11.f9h C S
I.Hi'u 4.21 _
4.3%
JulAUg Sep Oft Nov Dec Ian Feb M.r r Apr May Jun
E:?Trenl tu fFY RevBUdget ?ExpendlNreMnd --oofFY14Pxp8uJge[ _1 ?
February 4, 2014
-60-
CITY MANAGER'S BRIEFING
INTERIM FINANCIAL STATEMENT
(Continued)
wi
Salanes
? FrmgeBenefits
? Opawtmg epenaes
? CapitalOutlay
? Leases, land Strunures and Iraprocements
? Debt Servke
1
? Trensfers m Schools
? 'Itans(ers to CIP
P TronskrsmSheriff
? 7ransfers Io Parks and Rec
; Tansfers to0[herAreas
? ReserveforContingencias
Total Eqrendimres by Type
. PercentofTOtal
A ...I ,rD Acn.l
BudFM Eapcnbmres [loen<umMred .
S 82,672,62I $ I2I.968,064 $ 130,554,557
99,411 109 45,272 142 54,128,967
158.040,261 IM„434,693 57.W15,5(,ft
9293.XN1 6.8:I,994 2,471,016
4,556,162 2,395,N42 2,160i20
45,083,433 24,231,203 20,852,270
411,403,698 199,296.088 202,117,6111
43,293,8:6 21,711,999 21,991.837
15,677,1170 7,759,999 7,917,1171
5,112,027 2,521.691 2,590146
I,818,AI8 I.61O.867 1?7,641
4,5I9.446 - 4 WR,44(.
3 1.040.80O.861 $ 533.484.662 $ 507316.199
1110.0% 51 1 % 48.7•/.
? Tatal at December 31,2013
- $533,5M, Qr 51.3°l0, af $1.0418 Budget
Summary af Actuat Fxpenditures Under Budget at june 30:
(in millions
Total
I
% of Total
Budget
City
% of Ciry
Budget
SchooLs
2009 Actual $39.6 3.5°?, S24.7 3.2°'0 $14.9
2010 (Actual $453 4.1% $27.6 3.6Ro $17.7
2011 (Actual) $32.1 3.1"0 $22.4 3.2°'4 $9.7
2012 Actual $31.1 3.1°0 $15.1 2.4"b $16.0
2013 Actual $42.5 4.1°o $23.7 350 $18.8
February 4, 2014
-61-
CITY MANAGER'S BRIEFING
INTERIM FINANCIAL STATEMENT
(Continued)
• CQnsulting Budget of $470K
• Etgended/Encumbered ta date of $72,471
• ]anuary Interim
= Pragased FY1S Budgec
• Adopted FY15 Budget
Feb. 25k 2014
Mar. 25,2014
May 13, 2 014
Mayor Sessoms thanked Ms. Phillips and her entire team for their work.
February 4, 2014
-62-
ADJOURNMENT
1Vlayor William D. Sessoms, Jr., DECLARED the Ciry Council MeetingADJOURNED at 5:38 P.M.
Amanda Finley-Barnes, CMC
Chief Deputy City Clerk
Pe6th Hodges Fraser, MMC
City Clerk
February 4, 2014