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1 City of Grand Prairie City Hall 317 College Street Grand Prairie, Texas Meeting Agenda Sports Facilities Development Corporation Monday, May 16, :00 PM Council Briefing Room Regular Meeting Call to Order Citizen Comments Agenda Items Recognition of Service - Presented to Bryan Arnold Consider Minutes of February 15, 2016 Attachments: Minutes docx Election of Officers and Committee Assignments Monthly Financial and Investment Report for February 2016, March 2016 and Quarterly Investment Report Attachments: Monthly Financial and Investment Report February 2016.pdf Monthly Financial and Investment Report March 2016.pdf Quarterly Investment Report March 31, 2016.pdf Contract Negotiations Committee Report Construction Committee Report Finance Committee Report Reimbursement to the City for January 1, 2016 through March 31, 2016 Attachments: reimbursement to city Jan through Mar Amend the Authorized Representatives for TexPool Attachments: signed Texpool authorized reps Resolution Approving Capital Expenditure Funds for fire alarm control system improvements at Lone Star Park Attachments: 2016 Lone Star Park Capital Expenditures PAC Systems City of Grand Prairie Page 1 Printed on 5/13/2016

2 Sports Facilities Development Corporation Meeting Agenda May 16, Discuss Proposed Budget FY Attachments: FY17 proposed budget Report from Lone Star Park Executive Session The Grand Prairie Sports Facilities Development Corporation may conduct a closed session pursuant to Chapter 551, Subchapter D of the Government Code, V.T.C.A. to discuss the following: 1. Section Consultation with Attorney 2. Section Deliberation Regarding Real Property 3. Section Personnel Matters 4. Section Deliberations Regarding Economic Development Negotiations Adjournment Certification In accordance with Chapter 551, Subchapter C of the Government Code, V.T.C.A. the Grand Prairie Sport Facilities Development Corporation agenda was prepared and posted May 13, Gloria Colvin, Secretary City Hall is wheelchair accessible. If you plan to attend this public meeting and you have a disability that requires special arrangements, please call Gloria at at least 24 hours in advance. Reasonable accommodations will be made to assist your needs. City of Grand Prairie Page 2 Printed on 5/13/2016

3 City of Grand Prairie City Hall 317 College Street Grand Prairie, Texas Legislation Details (With Text) File #: Version: 1 Name: Bryan Arnold Recognition Type: Agenda Item Status: Agenda Ready - Committee File created: On agenda: Title: Sponsors: Indexes: Code sections: Attachments: 5/11/2016 In control: Sports Facilities Development Corporation 5/16/2016 Final action: Recognition of Service - Presented to Bryan Arnold Date Ver. Action By Action Result Title Recognition of Service - Presented to Bryan Arnold Presenter Ron Jensen City of Grand Prairie Page 1 of 1 Printed on 5/13/2016 powered by Legistar

4 City of Grand Prairie City Hall 317 College Street Grand Prairie, Texas Legislation Details (With Text) File #: Version: 1 Name: Sports Corporation Minutes February 15, 2016 Type: Agenda Item Status: Agenda Ready - Committee File created: On agenda: 5/12/2016 In control: Sports Facilities Development Corporation 5/16/2016 Final action: Title: Consider Minutes of February 15, 2016 Sponsors: Indexes: Code sections: Attachments: Minutes pdf Date Ver. Action By Action Result Title Consider Minutes of February 15, 2016 Presenter Jim Swafford Recommended Action Approve City of Grand Prairie Page 1 of 1 Printed on 5/13/2016 powered by Legistar

5 Grand Prairie Sports Facilities Development Corporation Regular Meeting February 15, 2016 City of Grand Prairie, Development Center The Grand Conference Room 206 West Church Street Grand Prairie, Texas Minutes A regular meeting of the Grand Prairie Sports Facilities Development Corporation was called to order by President Ron Jensen at 6:00 p.m. Members Present Ron Jensen, President Bryan Arnold Jorja Clemson Eddie Freeman R.J. Garcia Greg Giessner Jim Swafford Staff Present Tannie Camarata, Treasurer Don Postell, City Attorney Gloria Colvin, Recording Secretary Diana Ortiz, Chief Financial Officer Cheryl Davenport, Treasurer Visitors present: Roger Lewis, Director of Finance Global Gaming Citizen Comments There were no citizens who wished to speak. 1. Consider Minutes of November 16, 2015 Mr. Swafford requested a revision on page 4, to change the word Coke to tote. Mr. Swafford moved to approve the minutes of the November 16, 2015 meeting with the correction previously mentioned. Mr. Arnold seconded the motion. The motion carried with the following vote: Ayes: Jensen, Arnold, Clemson, Freeman, Garcia, Giessner and Swafford Nays: None 2. Monthly Financial and Investment Reports for November 2015, December 2015 and January 2016 and Quarterly Investment Report Mr. Camarata reviewed the Monthly Financials and Investment Reports for November. Base rent for was $133,300 and additional rent totaled $17,863. Interest earnings for the month were $11,017. The Sports Corporation had expenditures of $3,366 during November for regular expenditures. The Sports Corporation has total cash and investments of $13,584,007.

6 SPORTS FACILITIES DEVELOPMENT CORPORATION MINUTES, FEBRUARY 15, 2016 PAGE 2 Mr. Camarata reviewed the Monthly Financials and Investment Reports for December. Base rent for was $133,300 and additional rent totaled $12,722. Interest earnings for the month were $7,235. The Sports Corporation had expenditures of $167 during December for regular expenditures. The Sports Corporation has total cash and investments of $13,737,096. Mr. Camarata reviewed the Monthly Financials and Investment Reports for January. Base rent for was $133,300 and additional rent totaled $8,218. Interest earnings for the month were $11,614. The Sports Corporation had expenditures of $7,657 during January for regular expenditures and a transfer to the City of $250,000 for Charley Taylor design cost. The Sports Corporation has total cash and investments of $13,632,571. Mr. Camarata reviewed the Quarterly Investment Report: In the three months ending December 31, 2015, the Sports Corporation collected cash basis interest earnings of $18,742 on an average invested balance of $13,091,207. The investment portfolio is evaluated on a cash basis for budget comparisons because the budget is prepared on a cash basis. The 2016 total budget cash basis interest including prior year s accrued interest is $60,000. Our annualized cash basis return on assets was 0.57% during the three months. Our accrual basis interest earnings were $21,553 during the first three months for an annualized accrual basis return on investment of 0.66%. The report shows an increase of $352,025 during the three months. The increase is attributable to normal cash inflows from rent payments from Lone Star. At December 31, 2015, the Sports Corporation had an unrealized gain of $32,870 on its securities. Accrued interest receivable at December 31, 2015 was $17,562. The interest earnings budget for FY16 is $60,000 or $1,805 higher than the actual interest earnings for FY15. The FY16 budget anticipates slightly higher interest earnings because of the anticipated higher interest rates. Mr. Swafford moved to approve the Monthly Financial and Investment Reports for November 2015, December 2015, January 2016 and the Quarterly Investment Report. Ms. Clemson seconded the motion. The motion carried with the following vote: Ayes: Jensen, Arnold, Clemson, Freeman, Garcia, Giessner and Swafford Nays: None 3. Contract Committee Report Mr. Arnold said the committee had not met and there is no contract committee report. 4. Construction Committee Report Mr. Giessner said the committee had not met and there is no construction committee report. 5. Finance Committee Report Mr. Swafford said the committee met prior to tonight s board meeting and will make his report on item 7.

7 SPORTS FACILITIES DEVELOPMENT CORPORATION MINUTES, FEBRUARY 15, 2016 PAGE 3 6. Reimbursement to the City for October 1, 2015 through December 31, 2015 Mr. Camarata reported the expenses incurred by the city for the period October 1, 2015 through December 31, 2015 which is reimbursable by the Sports Corporation. The total due to the city in the amount of $1, is as follows: Staff Time $1, and $ Out-of-Pocket Expenses. Mr. Swafford moved to approve the invoice for reimbursable costs incurred on behalf of the Sports Corporation for October 1, 2015 through December 31, 2015 in the amount of $1, Mr. Arnold seconded the motion. The motion carried with the following vote: Ayes: Jensen, Arnold, Clemson, Freeman, Garcia, Giessner and Swafford Nays: None 7. Receive and Approve Audited Annual Financial Statements and Independent Audit Report for the Year Ended September 30, 2015 Mr. Swafford informed the committee Weaver and Tidwell were engaged by the Sports Corporation to perform the independent audit for the year ended September 30, The Finance Committee reviewed the audit with Weaver and Tidwell prior to tonight s Board meeting. Mr. Swafford said the review with Weaver and Tidwell went well and they issued an unmodified audit. Mr. Swafford moved to approve audited annual financial statements and independent audit report for the year ended September 30, Mr. Freeman seconded the motion. The motion carried with the following vote: Ayes: Jensen, Arnold, Clemson, Freeman, Garcia, Giessner and Swafford Nays: None 8. Discussion on Historical Racing Mayor Jensen informed the committee that the Texas Racing Commission met on February 9 and was scheduled to vote on Historical Racing. However, prior to the meeting the Texas Greyhound Association filed a lawsuit and obtained a temporary restraining order stopping the Commission from having the vote. A hearing is set for February 18 on whether to extend the temporary restraining order. 9. Report from Lone Star Park Mr. Lewis informed the committee that all CAPEX projects are on hold until further notice due to the Texas Greyhound Association lawsuit and the temporary restraining order. Mr. Lewis said that about 80% of the CAPEX projects are pending to be completed and some of those projects may not be completed this year. Mr. Garcia asked when the track and maintenance of the surface would be taken care of. Mr. Lewis said it is scheduled for the summer along with the parking lot.

8 SPORTS FACILITIES DEVELOPMENT CORPORATION MINUTES, FEBRUARY 15, 2016 PAGE 4 Mr. Lewis said they have spoken with vendors and advised them of the current situation. Mayor Jensen said the committee would like a contingency plan from Global if the stay is not lifted. Mr. Lewis said they were able to end the year $114,000 over budget due to other revenue sources that helped make up for the challenges from the weather. Mr. Lewis said they are off to a good start this year. No Executive Session Adjournment There being no further business, Mr. Jensen made a motion to adjourn the meeting at 6:27pm. Mr. Freeman seconded the motion. Respectfully submitted, Bryan Arnold, Secretary

9 City of Grand Prairie City Hall 317 College Street Grand Prairie, Texas Legislation Details (With Text) File #: Version: 1 Name: Election of Officers & Committee Assignments Type: Agenda Item Status: Agenda Ready - Committee File created: On agenda: Title: Sponsors: Indexes: Code sections: Attachments: 4/27/2016 In control: Sports Facilities Development Corporation 5/16/2016 Final action: Election of Officers and Committee Assignments Date Ver. Action By Action Result From Tannie Camarata Title Election of Officers and Committee Assignments Presenter Ron Jensen Recommended Action Approve Analysis Appoint officers for the Grand Prairie Sports Facilities Development Corporation. The Sports Corporation has two officer positions (Secretary and Treasurer) open due to Bryan Arnold resigning from the Board to become the City's Municipal Judge and the retirement of Tannie Camarata from the City of Grand Prairie. The current officers are as follows: President Vice President Secretary Treasurer Assistant Secretary Ron Jensen Jim Swafford Vacant Vacant Gloria Colvin The bylaws establish one-year terms for officers of the Corporation. The President of the Sports Corporation is appointed by the City Council. Mayor Jensen was appointed President at the June 2, 2015 City Council meeting. Other officers are elected by the Board of Directors. Nominations are in order to fill the unexpired term for the two vacant officers,whose term will be effective upon election and will expire in August City of Grand Prairie Page 1 of 2 Printed on 5/13/2016 powered by Legistar

10 File #: , Version: 1 In addition Committee assignments are needed to fill positions on the existing Sports Corporation Committees. The current committee assignments are as follows: Finance Jim Swafford, Chair Greg Giessner Jorja Clemson Contract Negotiation Committee Chair Vacant Jim Swafford Eddie Freeman Construction Committee Greg Giessner, Chair R J Garcia Vacant Financial Consideration None City of Grand Prairie Page 2 of 2 Printed on 5/13/2016 powered by Legistar

11 City of Grand Prairie City Hall 317 College Street Grand Prairie, Texas Legislation Details (With Text) File #: Version: 1 Name: February, March Monthly Financial Reports and Quarterly Investment Report Type: Agenda Item Status: Agenda Ready - Committee File created: On agenda: Title: Sponsors: Indexes: Code sections: Attachments: 4/27/2016 In control: Sports Facilities Development Corporation 5/16/2016 Final action: Monthly Financial and Investment Report for February 2016, March 2016 and Quarterly Investment Report Monthly Financial and Investment Report February 2016.pdf Monthly Financial and Investment Report March 2016.pdf Quarterly Investment Report March 31, 2016.pdf Date Ver. Action By Action Result Title Monthly Financial and Investment Report for February 2016, March 2016 and Quarterly Investment Report Presenter Tannie Camarata, Treasurer Recommended Action Approve Analysis The monthly financial and investment report for February 2016, March 2016 and Quarterly Investment Report are attached. City of Grand Prairie Page 1 of 1 Printed on 5/13/2016 powered by Legistar

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13 Grand Prairie Sports Facilities Development Corporation, Inc. Monthly Financial Report For the Month Ended February 29, 2016 % Actual/ Current Fiscal Current Year Current Year Month YTD Projected Budget Budget Beginning Resources 13,651,381 13,347,074 13,713,141 Receipts: Base Rent 133, ,500 1,599, % Additional Rent 8,673 59, , % Interest Income 1,513 31,869 60, % Miscellaneous , % Oil & Gas Revenues % Contra Int. Inc. Bk. Serv. Charges % Total Receipts 143, ,258 1,924, % Disbursements: General Counsel , % Audit & Accounting Fees 0 7,500 15, % Travel 0 0 5, % Food Service/Meeting Room , % Maintenance 0 0 2, % Miscellaneous 295 3,513 55, % Reimbursement to City 1,618 3,707 20, % Contract Services/Staffing 0 2,280 11, % Capital Expenditures shared with Lone Star 0 45,146 1,559, % Total Disbursements 1,913 62,378 1,719, % Transfers Transfer to City 0 250,000 7,023, % Total Transfers 0 250,000 7,023, % Ending Resources 13,792,954 13,792,954 6,894,768 Operating Sales Tax Oil & Gas Total Beginning Resources 8,417,870 4,025,478 1,208,033 13,651,381 Receipts for Month 142, ,486 Disbursements for Month (1,913) 0 0 (1,913) Transfers for Month Ending Resources 8,558,852 4,025,936 1,208,166 13,792,954 Reserves Operating Reserves 27,150 27,150 Additional Operating Reserves 6,893,304 6,893,304 Breeders Cup/Capital Improvements 1,638,398 1,638,398 Oil & Gas Reserves 1,208,166 1,208,166 Excess Sales Tax Interest/Capital Reserve 35,684 35,684 Excess Sales Tax 3,990,252 3,990,252 Debt Service Reserves 0 Total Reserves 8,558,852 4,025,936 1,208,166 13,792,954 1 of 2

14 Grand Prairie Sports Facilities Development Corporation, Inc. Monthly Financial Report For the Month Ended February 29, 2016 RECEIPT LISTING Date Amount Classification Lone Star Park at Grand Prairie 02/02/16 133, Base Rent Lone Star Park at Grand Prairie 02/17/16 8, Additional Rent TexPool 02/29/ Interest(Operating) TexPool 02/29/ Interest(Sales Tax) TexPool 02/29/ Interest(Oil & Gas) Total Receipts 143, DISBURSEMENT LISTING Date Check No. Amount Classification Iron Mountain Storage 02/16/ Misc. Bank Fee 02/15/16 debit Misc. City of Grand Prairie 02/16/ , Reimbursement to the City Logan Graphics 02/16/ Misc. to print annual report Total Disbursements 1, of 2

15 Grand Prairie Sports Facilities Development Corporation, Inc. INVESTMENT RECAP SECOND QUARTER FISCAL YEAR 2016 Beg. Balance Total Cost % 09/30/15 Additions Retirements 02/29/ T-BILLS, T-NOTES $ 0.00 $ 0.00 $ 0.00 $ % FNMA 3,000, ,000, % FHLB ,000, ,000, % FFCB 1,000, ,000, % FHLMC 3,000, (1,000,000.00) 2,000, % Bank of America % TexPool 5,873, , ,328, % TOTAL $ 12,873, $ 1,454, $ (1,000,000.00) $ 13,328, % NET CHANGE IN INVESTMENTS Y-T-D $ 454, Beg. Balance Total 09/30/15 Additions Retirements 02/29/16 U.S T-Bills, Notes $ 0.00 $ 0.00 $ 0.00 $ 0.00 FNMA 3,000, ,000, FHLB 1,000, ,000, FFCB 1,000, ,000, FHLMC 2,000, ,000, Bank of America TexPool 6,225, , ,328, $ 13,225, $ 102, $ 0.00 $ 13,328, NET CHANGE IN INVESTMENTS Q-T-D $ 102, Balance % of MATURITY SCHEDULE 02/29/16 Portfolio 0.00 UNDER 30 DAYS $ 6,328, % 30 DAYS TO 60 DAYS % 61 DAYS TO 90 DAYS % 91 DAYS TO 1 YEAR % 1 YEAR TO 2 YEARS % 2 YEAR TO 5 YEARS 7,000, % TOTAL $ 13,328, %

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25 City of Grand Prairie City Hall 317 College Street Grand Prairie, Texas Legislation Details (With Text) File #: Version: 1 Name: Contract Negotiations Committee Report Type: Agenda Item Status: Agenda Ready - Committee File created: On agenda: Title: Sponsors: Indexes: Code sections: Attachments: 5/11/2016 In control: Sports Facilities Development Corporation 5/16/2016 Final action: Contract Negotiations Committee Report Date Ver. Action By Action Result Title Contract Negotiations Committee Report Presenter [Enter Presenter Name and Title Here] City of Grand Prairie Page 1 of 1 Printed on 5/13/2016 powered by Legistar

26 City of Grand Prairie City Hall 317 College Street Grand Prairie, Texas Legislation Details (With Text) File #: Version: 1 Name: Construction Committee Report Type: Agenda Item Status: Agenda Ready - Committee File created: On agenda: Title: Sponsors: Indexes: Code sections: Attachments: 5/11/2016 In control: Sports Facilities Development Corporation 5/16/2016 Construction Committee Report Final action: Date Ver. Action By Action Result Title Construction Committee Report Presenter Greg Giessner City of Grand Prairie Page 1 of 1 Printed on 5/13/2016 powered by Legistar

27 City of Grand Prairie City Hall 317 College Street Grand Prairie, Texas Legislation Details (With Text) File #: Version: 1 Name: Finance Committee Report Type: Agenda Item Status: Agenda Ready - Committee File created: On agenda: Title: Sponsors: Indexes: Code sections: Attachments: 5/11/2016 In control: Sports Facilities Development Corporation 5/16/2016 Finance Committee Report Final action: Date Ver. Action By Action Result Title Finance Committee Report Presenter Jim Swafford City of Grand Prairie Page 1 of 1 Printed on 5/13/2016 powered by Legistar

28 City of Grand Prairie City Hall 317 College Street Grand Prairie, Texas Legislation Details (With Text) File #: Version: 1 Name: Reimbursement to the City Type: Agenda Item Status: Agenda Ready - Committee File created: On agenda: 4/27/2016 In control: Sports Facilities Development Corporation 5/16/2016 Final action: Title: Reimbursement to the City for January 1, 2016 through March 31, 2016 Sponsors: Indexes: Code sections: Attachments: reimbursement to city Jan through Mar Date Ver. Action By Action Result From Tannie Camarata Title Reimbursement to the City for January 1, 2016 through March 31, 2016 Presenter Tannie Camarata, Treasurer Recommended Action Approve Analysis Consider the reimbursement to the City for staff time and out-of-pocket expenses for the period January 1, 2016 through March 31, Financial Consideration Attached is the billing from the City. The total amount of the reimbursement is $1, City of Grand Prairie Page 1 of 1 Printed on 5/13/2016 powered by Legistar

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32 City of Grand Prairie City Hall 317 College Street Grand Prairie, Texas Legislation Details (With Text) File #: Version: 1 Name: Authorized Texpool Representatives Type: Agenda Item Status: Agenda Ready - Committee File created: On agenda: Title: Sponsors: Indexes: Code sections: Attachments: 4/28/2016 In control: Sports Facilities Development Corporation 5/16/2016 Final action: Amend the Authorized Representatives for TexPool signed Texpool authorized reps Date Ver. Action By Action Result From Tannie Camarata Title Amend the Authorized Representatives for TexPool Presenter Tannie Camarata, Treasurer Recommended Action Approve Analysis The Grand Prairie Sports Facilities Development Corporation is a participant in TexPool which is a public funds investment pool created on behalf of entities. The investment objectives are consistent with the Public Funds Investment Act of Texas and are, in order of priority, the preservation and safety of principal, liquidity, and yield. TexPool requires a resolution for adding or changing the names of individual authorized to make transactions on behalf of the Sports Corporation/TexPool participant. These individuals are identified as the Authorized Representatives of the Sports Corporation/Texpool participant. There are currently three individuals authorized at TexPool for the Sports Corporation: Diana Ortiz, CFO, Tannie Camarata, Treasurer and Jacqueline Hathorn, Treasury Analyst. The attached resolution adds Cheryl Davenport, Treasurer. Financial Consideration None Body RESOLUTIONS OF City of Grand Prairie Page 1 of 3 Printed on 5/13/2016 powered by Legistar

33 File #: , Version: 1 GRAND PRAIRIE SPORTS FACILITIES DEVELOPMENT CORPORATION, INC. Adopted at a Meeting on May 16, 2016 A RESOLUTION OF THE GRAND PRAIRIE SPORTS FACILITIES DEVELOPMENT CORPORATION, AMENDING THE AUTHORIZED REPRESENTATIVES OF THE THE GRAND PRAIRIE SPORTS FACILITIES DEVELOPMENT CORPORATION AS A TEXPOOL PARTICIPANT WHEREAS, The Grand Prairie Sports Facilities Development Corporation, Location 79269, (Participant) is a local government of the State of Texas and is empowered to delegate to a public funds investment pool the authority to invest funds and to act as custodian of investments purchased with local investment funds; and WHEREAS, it is in the best interest of the Participant to invest local funds in investments that provide for the preservation and safety of principal, liquidity, and yield consistent with the Public Funds Investment Act; and WHEREAS, the Texas Local Government Investment Pool ("TexPool/Texpool Prime"), a public funds investment pool, were created on behalf of entities whose investment objective in order of priority are preservation and safety of principal, liquidity, and yield consistent with the Public Funds Investment Act. Now, therefore, be it NOW THEREFORE, BE IT RESOLVED, BY THE GRAND PRAIRIE SPORTS FACILITIES DEVELOPMENT CORPORATION THAT: SECTION 1. THE INDIVIDUALS, WHOSE SIGNATURES APPEAR IN THIS RESOLUTION, ARE AUTHORIZED REPRESENTATIVES OF THE PARTICIPANT AND ARE EACH HEREBY AUTHORIZED TO TRANSMIT FUNDS FOR INVESTMENT IN TEXPOOL/TEXPOOL PRIME AND ARE EACH FURTHER AUTHORIZED TO WITHDRAW FUNDS FROM TIME TO TIME, TO ISSUE LETTERS OF INSTRUCTION, AND TO TAKE ALL OTHER ACTIONS DEEMED NECESSARY OR APPROPRIATE FOR THE INVESTMENT OF LOCAL FUNDS. SECTION 2. AN AUTHORIZED REPRESENTATIVE OF THE PARTICIPANT MAY BE DELETED BY A WRITTEN INSTRUMENT SIGNED BY TWO REMAINING AUTHORIZED REPRESENTATIVES PROVIDED THAT THE DELETED AUTHORIZED REPRESENTATIVE (1) IS ASSIGNED JOB DUTIES THAT NO LONGER REQUIRE ACCESS TO THE PARTICIPANT'S TEXPOOL/TEXPOOL PRIME Account OR (2) IS NO LONGER EMPLOYED BY THE PARTICIPANT. SECTION 3. THE PARTICIPANT MAY, BY AMENDING RESOLUTION SIGNED BY THE PARTICIPANT, ADD AN AUTHORIZED REPRESENTATIVE PROVIDED THE ADDITIONAL AUTHORIZED REPRESENTATIVE IS AN OFFICER, EMPLOYEE OR AGENT OF THE PARTICIPANT. City of Grand Prairie Page 2 of 3 Printed on 5/13/2016 powered by Legistar

34 File #: , Version: 1 SECTION 4. AUTHORIZED REPRESENTATIVES OF THE PARTICIPANT ARE LISTED BELOW. ANY NEW INDIVIDUALS WILL BE ISSUED PERSONAL IDENTIFICATION NUMBERS TO TRANSACT BUSINESS WITH TEXPOOL PARTICIPANT SERVICES. Diana Ortiz Chief Financial Officer Tannie Camarata Cash and Debt Manager Jacqueline Hathorn Cash and Debt Analyst Cheryl Davenport Treasurer Signature Signature Signature Signature SECTION 5. AUTHORIZED REPRESENTATIVES LISTED BELOW WILL HAVE PRIMARY RESPONSIBILITY FOR PERFORMING TRANSACTIONS AND RECEIVING CONFIRMATIONS AND MONTHLY STATEMENTS UNDER THE PARTICIPATION AGREEMENT. Cheryl Davenport, Treasurer PASSED AND ADOPTED, this day of,. ATTEST: President, Secretary City of Grand Prairie Page 3 of 3 Printed on 5/13/2016 powered by Legistar

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37 City of Grand Prairie City Hall 317 College Street Grand Prairie, Texas Legislation Details (With Text) File #: Version: 1 Name: Lone Star Park Capital Expenditures Request Type: Agenda Item Status: Agenda Ready - Committee File created: On agenda: Title: Sponsors: Indexes: Code sections: Attachments: 5/12/2016 In control: Sports Facilities Development Corporation 5/16/2016 Final action: Resolution Approving Capital Expenditure Funds for fire alarm control system improvements at Lone Star Park 2016 Lone Star Park Capital Expenditures PAC Systems Date Ver. Action By Action Result From Tannie Camarata Title Resolution Approving Capital Expenditure Funds for fire alarm control system improvements at Lone Star Park Presenter Greg Giessner Roger Lewis, CFO Global Gaming LSP Recommended Action Approve Analysis At the November 16, 2015 board meeting the board approved up to $500,000 of CAP EX projects from the FY14 CAP EX funds for the attached projects. Since then Lone Star has been notified by the City Fire Marshall that the fire alarm control panel for the entire facility failed. Lone Star is in the process of having the system replaced. The cost to replace the fire control panel is estimated at $202, including sales tax. Lone Star would like to use funds from the previously approved CAP EX projects. They will delay some projects until later. The Sports Corporation has approved a total of $1,500,000 for capital improvements at Lone Star Park. The funds were approved as part of the following fiscal year budgets. FY14 $ 500,000 remaining funds $ 500,000 FY15 $ 500,000 remaining funds $ 500,000 FY16 $ 500,000 remaining funds $ 500,000 Totals $1,500,000 $1,500,000 City of Grand Prairie Page 1 of 3 Printed on 5/13/2016 powered by Legistar

38 File #: , Version: 1 Attached is the list of capital projects submitted by Lone Star for the board to consider for the joint CAP EX program and information on the PAC system cost. Financial Consideration Body A RESOLUTION OF THE GRAND PRAIRIE SPORTS FACILITIES DEVELOPMENT CORPORATION, INC. APPROVING THE FIRE ALARM CONTROL SYSTEM IMPROVEMENTS AS PART OF THE FY14 CAPITAL EXPENDITURE IMPROVEMENTS AT LONE STAR PARK WHEREAS, the Grand Prairie Sports Facilities Development Corporation, Inc. (the Corporation ) has determined that Lone Star Park is proposing improvements for the fire alarm control system and has requested that this be a part of the previously approved FY14 CAP EX spending; NOW THEREFORE, BE IT RESOLVED, BY THE GRAND PRAIRIE SPORTS FACILITIES DEVELOPMENT CORPORATION, INC. RESOLVED, that the Corporation be, and it hereby is, authorized to include the fire alarm control system as part of the FY14 Capital expenditure projects, and subject to the following conditions: (i) each payment by the Corporation for such expenses must be authorized by the Treasurer of the Corporation and the Chairman of the Construction Committee; (ii) Global Gaming LSP, LLC ( Lone Star ) shall be responsible for the payment of one-half of the expenses for the Improvements and shall be responsible for the payment of any and all expenses for the Improvements to the extent that the aggregate costs exceed $ and (iii) Lone Star shall present the Corporation with plans and specifications with respect to the Improvements, and no expenditures will be authorized or expended prior to the Construction Committee s, in its sole discretion, approval of such plans and specifications; and be it further RESOLVED, that $ be applied to the FY14 matching funds and be it further RESOLVED, that the appropriate officers of the Corporation be, and they hereby are, authorized and directed to do all other acts, take all actions and prepare all papers, instruments and documents in connection therewith which they, in their sole discretion, deem proper in order to accomplish and carry out the intents and purposes of the foregoing resolutions, and any and all actions previously carried out in accordance herewith be, and they hereby are, ratified, confirmed, approved and adopted as the official acts and deeds of the Corporation. PASSED AND APPROVED BY THE GRAND PRAIRIE SPORTS FACILITIES DEVELOPMENT CORPORATION, INC. MAY 16, Ron Jensen, President ATTEST: City of Grand Prairie Page 2 of 3 Printed on 5/13/2016 powered by Legistar

39 File #: , Version: 1 City of Grand Prairie Page 3 of 3 Printed on 5/13/2016 powered by Legistar

40 Lone Star Park Capex Plan 2016 Dept Project Description Total Requested 50% of Requested Project 1st Level GS Interior Rebuild $218,237 $109,119 New 1st Level Bar $31,387 $15, Equipment for Bar $10,933 $5,467 DFC Outer Bar $19,480 $9,740 Equipment for Bar $10,933 $5,467 1st Level thresholds (45, Various Size) $13,457 $6,729 Feminine Dispensers (12) $5,846 $2,923 Paint Level 1 $35,000 $17,500 Enclose tote machines $3,000 $1,500 East and West GS Entrance Flooring $24,733 $12,367 Refurbish Terazzo in Entrances $1,618 $809 Jockey Quarters Repaired $36,000 $18,000 50" TV's for 1st Floor Conc $5,160 $2,580 Turnstiles (6) $20,690 $10,345 Project IT Updates $241,497 $120,749 Computers/Printers W2-G $6,600 $3,300 Network Build for IP Wagers $30,150 $15,075 Updated Windows Versions $42,000 $21,000 PC Replenishment $26,000 $13,000 Project Audio/Video $143,347 $71, Cable Replacement to Camera Towers $100,000 $50,000 BB Patio Tube TV Replacement $21,789 $10,895 Veranda TV's (24) $11,169 $5,585 2nd Floor TV's Mutuels $10,389 $5,195 Project Racing Operations $204,600 $102,300 Water Trucks $64,000 $32, tons Blended Track Surface Material $100,000 $50,000 Hotwalkers (8) $40,600 $20,300 Project Group Sales $17,567 $8,784 Alysheba Chairs $10,907 $5, Tables and Skirts $6,660 $3,330 Project Kitchen $9,000 $4,500 Fryer for 3rd Floor Kitchen $9,000 $4,500 Project Bar and Book $85,000 $42,500 B&B RTU's (3) $85,000 $42,500 Project Veranda Overhaul $130,500 $65,250 Strip Astroturf, stain concrete, bird abatement, inserts in railing, paint railing and superstructure, wall around utility boxes. $40,500 $20,250 Furniture Refurbishment $5,000 $2,500 Roof $85,000 $42,500 Parking Lots $150,000 $75,000 Dept Project Description Total Requested 50% of Requested Total of all Projects $1,190,748 $595,374

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47 City of Grand Prairie City Hall 317 College Street Grand Prairie, Texas Legislation Details (With Text) File #: Version: 1 Name: Sports Corp Proposed Budget FY Type: Agenda Item Status: Agenda Ready - Committee File created: On agenda: 4/27/2016 In control: Sports Facilities Development Corporation 5/16/2016 Final action: Title: Discuss Proposed Budget FY Sponsors: Indexes: Code sections: Attachments: FY17 proposed budget Date Ver. Action By Action Result Title Discuss Proposed Budget FY Presenter Jim Swafford City of Grand Prairie Page 1 of 1 Printed on 5/13/2016 powered by Legistar

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55 City of Grand Prairie City Hall 317 College Street Grand Prairie, Texas Legislation Details (With Text) File #: Version: 1 Name: Report from LSP Type: Agenda Item Status: Agenda Ready - Committee File created: On agenda: Title: Sponsors: Indexes: Code sections: Attachments: 5/11/2016 In control: Sports Facilities Development Corporation 5/16/2016 Report from Lone Star Park Final action: Date Ver. Action By Action Result Title Report from Lone Star Park City of Grand Prairie Page 1 of 1 Printed on 5/13/2016 powered by Legistar