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1 City of Grand Prairie City Hall 317 College Street Grand Prairie, Texas Meeting Agenda Sports Facilities Development Corporation Monday, August 25, :00 PM Council Briefing Room Regular Meeting Call to Order Citizen Comments Agenda Items Consider Minutes of June 16, 2014 and August 11, 2014 Attachments: Minutes docx Minutes docx Monthly Financial for June and July 2014 and Quarterly Investment Report Attachments: Monthly Financial and Investment Report June 2014.pdf Monthly Financial and Investment Report July 2014.pdf Quarterly Investment Report June 30, 2014.pdf Contract Negotiations Committee Construction Committee Report Finance Committee Report Reimbursement to the City for April 1, 2014 through June 30, 2014 Attachments: reimbursement to city April through June Resolution Approving the proposed Budget FY14/15 and amending FY13/14 Budget Attachments: FY15 proposed budget Resolution approving $1 million transfer to the City of Grand Prairie Resolution contributing up to $500,000 to Global Gaming LSP, LLC for Capital Expenditures Resolution approving additional expenditures under the Phase 3 Insurance Expenditures City of Grand Prairie Page 1 Printed on 8/22/2014

2 Sports Facilities Development Corporation Meeting Agenda August 25, Election of Officers Report on Lease Agreement 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 Sports Facilities Development Corporation agenda was prepared and posted August 22, 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 8/22/2014

3 City of Grand Prairie City Hall 317 College Street Grand Prairie, Texas Legislation Details (With Text) File #: Version: 1 Name: Sports Corp Minutes Type: Agenda Item Status: Agenda Ready - Committee File created: On agenda: 8/21/2014 In control: Sports Facilities Development Corporation 8/25/2014 Final action: Title: Consider Minutes of June 16, 2014 and August 11, 2014 Sponsors: Indexes: Code sections: Attachments: Minutes pdf Minutes pdf Date Ver. Action By Action Result Title Consider Minutes of June 16, 2014 and August 11, 2014 Presenter Bryan Arnold Recommended Action Approve City of Grand Prairie Page 1 of 1 Printed on 8/22/2014 powered by Legistar

4 Grand Prairie Sports Facilities Development Corporation Regular Meeting June 16, 2014 City of Grand Prairie, City Hall Council Briefing Room 317 College 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 Visitors present: Gregory Pittman, Vice President Global Gaming and Scott Wells, President and General Manager Lone Star Park Citizen Comments There were no citizens who wished to speak. 1. Consider Minutes of March 31, 2014 Mr. Arnold moved to approve the minutes of the March 31, 2014 meeting. Mr. Swafford 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 March, April, May 2014 and Quarterly Investment Report Mr. Camarata reviewed the Monthly Financials and Investment Reports for March. Base rent for was $133,300 and additional rent totaled $8,412. Interest earnings for the month were $192. Miscellaneous receipts were $50,000 from the City for the rent on the QT Park. The Sports Corporation had expenditures of $375,908 during March $40,908 for regular expenditures. Additional expenditures included $185,000 contribution to the City for the National Endowment Arts project and $150,000 to Lone Star for capital expenditures. The Sports Corporation has total cash and investments of $12,901,687.

5 SPORTS FACILITIES DEVELOPMENT CORPORATION MINUTES, JUNE 16, 2014 PAGE 2 Mr. Camarata reviewed the Monthly Financials and Investment Reports for April. Base rent for was $133,300 and additional rent totaled $11,592. Interest earnings for the month were $210. The Sports Corporation had expenditures of $133,461 during April $8,461 for regular expenditures. Additional expenditures included $125,000 contribution to the City for the 360/Lynn Creek Art Entryway project. The Sports Corporation has total cash and investments of $12,913,328. Mr. Camarata reviewed the Monthly Financials and Investment Reports for May. Base rent for was $133,300 and additional rent totaled $32,732. Interest earnings for the month were $4,809. The Sports Corporation had expenditures of $3,566 during May for regular expenditures. The Sports Corporation has total cash and investments of $13,080,603. Mr. Camarata reviewed the Quarterly Investment Report: In the six months ending March 31, 2014, the Sports Corporation collected cash basis interest earnings of $16,115 on an average invested balance of $13,207,763. The investment portfolio is evaluated on a cash basis for budget comparison because the budget is prepared on a cash basis. The 2014 total budgeted cash basis interest including prior year s accrued interest is $40,000. Our annualized cash basis return on assets was 0.24% during the six months. Our accrual basis interest earnings were $13,456 during the first months for an annualized accrual basis return on investment of 0.20%. The investment portfolio is evaluated on an accrual basis because the accrual basis smooth s the unevenness in cash flow due to the timing of individual coupons and maturities, and thus more accurately measures performance. At March 31, 2014, our total portfolio was yielding 0.170% with an average remaining maturity of 208 days. At March 31, 2014, the Sports Corporation had an unrealized loss of $1,580 on its securities. This loss is not reflected in any of the above totals. Accrued interest receivable at March 31, 2014 was $5,807. The interest earnings budget for FY14 is $40,000 or $114 lower than the actual interest earnings for FY13. The FY14 budget anticipates lower interest earnings because of the continued low interest rates. Mr. Swafford moved to approve the Monthly Financial and Investment Reports for March, April and May 2014 and the Quarterly Investment Report. Mr. Giessner seconded the motion. The motion carried with the following vote: Ayes: Jensen, Arnold, Clemson, Freeman, Garcia, Giessner and Swafford Nays: None 3. Construction Committee Report Mr. Giessner informed the committee that most of the projects at Lone Star Park are close to completion. Mr. Giessner said the Alysheba Room, Dash for Cash, Media Room, Pack Bar, Bar and Book Signage and Suites 5 and 6 Hallway Carpet are complete. The installation of the Bar and Book street light were moved to the opposite side of the street due to some unexpected underground infrastructure issues. This should be completed in the next couple of weeks.

6 SPORTS FACILITIES DEVELOPMENT CORPORATION MINUTES, JUNE 16, 2014 PAGE 3 Mr. Giessner said that due to the recent renovations and upgrades to the televisions and broadcasting systems, all of the wiring needs to be replaced to bring the reception to HD level. The cost for this project is $17,000 and the Board will need to address if they would like to split this cost. Mr. Giessner said this item will be brought forward for consideration at the next meeting. 4. Contract Negotiations Committee Report Mr. Arnold said the committee had not met and there is no construction committee report. 5. Finance Committee Report Mr. Swafford said the committee had not met and will bring item 8 for review. 6. Reimbursement to the City for January 1, 2014 through March 31, 2014 Mr. Swafford reported the expenses incurred by the city for the period January 1, 2014 through March 31, 2014, 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 January 1, 2014 through March 31, 2014 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. Audit Engagement Letter with Weaver & Tidwell for the September 30, 2014 Audit Mr. Camarata informed the committee that Weaver has served as the City and Sports Corporation auditors since September The city chose not to go out for proposals this year and has entered into a new agreement with Weaver for the city s audit for the year ended Mr. Camarata reviewed the proposed engagement letter for the September 30, 2014 audit. The fee for the services will not exceed $15,000. The fee is unchanged last year and Mr. Postell has also reviewed the letter. Mr. Swafford moved to approve the FY 2014 Audit Engagement Letter. Ms. Clemson seconded the motion. The motion carried with the following vote: Ayes: Jensen, Arnold, Clemson, Freeman, Garcia, Giessner and Swafford Nays: None

7 SPORTS FACILITIES DEVELOPMENT CORPORATION MINUTES, JUNE 16, 2014 PAGE 4 8. Discuss Proposed Budget FY Mr. Swafford reviewed the draft of the proposed Sports Corporation s Budget for FY14/15. The consolidated budget is comprised of the following funds: 1. Operating Fund 2. Excess Sales Tax Fund 3. Oil and Gas Fund Also, included is a set of assumptions for the FY 13/14 projection and the FY14/15 proposed budget. Listed below are the significant items in the re-estimated and proposed budgets. FY 13/14 Re-estimate Interest earnings reduce from $40,000 to $27,000 as interest rates continue to stay low General Counsel fees reduced from $75,000 to $20,000 Miscellaneous expense increased from $62,500 to $98,666 due to the carry forward of expense on the Mayor s statue A transfer of $5.873 million to the city is proposed to take place in FY14. This includes a $4.873 million carryover from FY10, FY11, FY12 and FY13. Projects for the $4.873 million have been identified and approved by the board. FY 14/15 Proposed Budget Base rent projected to be $1,599,600 Additional rent project at $215,000 Misc. income projected at $50,000 for QT Park ground rent General Counsel fees estimated at $75,000 Miscellaneous expense includes $37,500 for lobbyist fees for nine months Lone Star Capital expenditures of $500,000 are included in the budget. No projects have been identified at this time. A transfer of $1,000,000 to the City is proposed to take place in FY15 Mr. Swafford informed the new Board Members that the Oil and Gas Fund was comprised of lease payments and not royalties. Mr. Swafford said the lease has expired. Mr. Camarata distributed a list of city projects partially or fully funded by contributions from the Sports Corporation. Mr. Garcia said he was surprised that The Summit is not on the list. Mr. Jensen said The Summit was done from sales tax money. Mr. Garcia said he would like to see a historical of the fiscal year ending cash balance. 9. Report from Lone Star Park Mr. Pittman informed the committee that Global Gaming has engaged an architect firm to start looking at a master plan on how to use the land in the entertainment district. Mr. Pittman said that if gaming were approved in Texas one day, they would like to know where certain things need to be. Mr. Pittman said they meet with Crow Holdings last week and they presented their ideas for Light Industrial. Mr. Pittman said they also met with Economic Development and Tom Hart to discuss

8 SPORTS FACILITIES DEVELOPMENT CORPORATION MINUTES, JUNE 16, 2014 PAGE 5 their ideas on this matter and should have a concept plan by next month. Mr. Pittman said there have been many ideas of what can be done in the floodplain area and hopefully will have a concept plan by next week. Mr. Swafford asked if the concept plan would include Crow Holdings. Mr. Pittman said it would. Mr. Wells informed the committee that the export handle is down 5%. However, due to all the improvements our group sales are up considerably. Mr. Wells said they are working continually to synergize business between Lone Star and Remington. Mr. Swafford asked why there is a gap. Mr. Wells said the purses paid out in Oklahoma in 117 days are more than the entire State of Texas in 365 days. Mr. Freeman asked why there is such a difference in the purse amount paid. Mr. Arnold said that legislation always earmarks certain number of dollars to pursing and the State of Texas without expanded gaming continues to go down. Mr. Jensen asked Mr. Arnold to provide a report at the next meeting of our original contract, options, lease and history. Executive Session President Jensen announced an Executive Session starts at 6:55 p.m. pursuant to Chapter 551 of the Texas Government Code, Section Deliberation regarding economic development negotiations. The executive session adjourned at 7:18 p.m. Adjournment There being no further business, Mr. Jensen made a motion to adjourn the meeting at 7:20 p.m. Mr. Freeman seconded the motion. Respectfully submitted, Bryan Arnold, Secretary

9 Grand Prairie Sports Facilities Development Corporation Special Meeting August 11, 2014 City of Grand Prairie, City Hall Council Briefing Room 317 College Street Grand Prairie, Texas Minutes A special meeting of the Grand Prairie Sports Facilities Development Corporation was called to order by President Ron Jensen at 5:50 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 Visitors present: Jennifer Wisinski, Partner Haynes and Boone Citizen Comments There were no citizens who wished to speak. 1. Resolution to Approve Amendment No. 1 to Revenue Guaranty Agreement and Memorandum of Amendment No. 1 to Revenue Guaranty Agreement Mr. Arnold informed the committee that as part of the sale of Lone Star Park to MEC Lone Star in October 2002, the Sports Corporation and Lone Star Race Park, LTD. entered into a Revenue Guaranty Agreement concerning the Wildlife site. The Wildlife site is west of Beltline Road and was to be the location of the track. Initially, this Agreement was drafted to insure that if some form of gaming came in there that was in competition with Lone Star Park, that Lone Star Park s rent would be guaranteed. At this time, Lone Star and CHI/Wildlife Land, L.P. are developing the Wildlife site for a warehouse and retail operations. In order to get their project financed, they ve asked for a change in the wording of the Revenue Guaranty Agreement. The original language required that if any state regulated activity was occurring on this site, then the guaranty would kick in. Their banker had a problem with being junior to that broad a guaranty. CHI/Wildlife has asked the Sports Corporation to consider amending the Revenue Guaranty to further define the gaming definition and restrictions on development. The original definition was left very broad and this agreement clarifies the gaming definition. Mr. Swafford moved to approve the Resolution to Approve Amendment No. 1 to Revenue Guaranty Agreement and Memorandum of Amendment No. 1 to Revenue Guaranty Agreement. Mr. Arnold seconded the motion.

10 SPORTS FACILITIES DEVELOPMENT CORPORATION MINUTES, AUGUST 11, 2014 PAGE 2 The motion carried with the following vote: Ayes: Jensen, Arnold, Clemson, Freeman, Garcia, Giessner and Swafford Nays: None Executive Session President Jensen announced an Executive Session starts at 5:59 p.m. pursuant to Chapter 551 of the Texas Government Code, Section Deliberation regarding economic development negotiations. The executive session adjourned at 6:11 p.m. Adjournment There being no further business, Mr. Jensen made a motion to adjourn the meeting at 6:12 p.m. Mr. Arnold seconded the motion. Respectfully submitted, Bryan Arnold, Secretary

11 City of Grand Prairie City Hall 317 College Street Grand Prairie, Texas Legislation Details (With Text) File #: Version: 1 Name: June and July Monthly Financial Reports and Quarterly Investment Report Type: Agenda Item Status: Agenda Ready - Committee File created: On agenda: Title: Sponsors: Indexes: Code sections: Attachments: 8/12/2014 In control: Sports Facilities Development Corporation 8/25/2014 Final action: Monthly Financial for June and July 2014 and Quarterly Investment Report Monthly Financial and Investment Report June 2014.pdf Monthly Financial and Investment Report July 2014.pdf Quarterly Investment Report June 30, 2014.pdf Date Ver. Action By Action Result Title Monthly Financial for June and July 2014 and Quarterly Investment Report Presenter Tannie Camarata, Treasurer Recommended Action Approve Analysis The monthly financial for June and July 2014 and quarterly investment report are attached. City of Grand Prairie Page 1 of 1 Printed on 8/22/2014 powered by Legistar

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33 City of Grand Prairie City Hall 317 College Street Grand Prairie, Texas Legislation Details (With Text) File #: Version: 1 Name: Contract Negotiations Committee Type: Agenda Item Status: Agenda Ready - Committee File created: On agenda: Title: Sponsors: Indexes: Code sections: Attachments: 8/21/2014 In control: Sports Facilities Development Corporation 8/25/2014 Contract Negotiations Committee Final action: Date Ver. Action By Action Result Title Contract Negotiations Committee Presenter Bryan Arnold City of Grand Prairie Page 1 of 1 Printed on 8/22/2014 powered by Legistar

34 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: 8/21/2014 In control: Sports Facilities Development Corporation 8/25/2014 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 8/22/2014 powered by Legistar

35 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: 8/21/2014 In control: Sports Facilities Development Corporation 8/25/2014 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 8/22/2014 powered by Legistar

36 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: 8/12/2014 In control: Sports Facilities Development Corporation 8/25/2014 Final action: Title: Reimbursement to the City for April 1, 2014 through June 30, 2014 Sponsors: Indexes: Code sections: Attachments: reimbursement to city April through June Date Ver. Action By Action Result From Tannie Camarata Title Reimbursement to the City for April 1, 2014 through June 30, 2014 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 April 1, 2014 through June 30, 2014 Financial Consideration Attached is the billing from the City. The total amount of the reimbursement is $7, City of Grand Prairie Page 1 of 1 Printed on 8/22/2014 powered by Legistar

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40 City of Grand Prairie City Hall 317 College Street Grand Prairie, Texas Legislation Details (With Text) File #: Version: 1 Name: Sports Corp. FY15 Budget Type: Agenda Item Status: Agenda Ready - Committee File created: On agenda: Title: Sponsors: Indexes: Code sections: Attachments: 8/12/2014 In control: Sports Facilities Development Corporation 8/25/2014 Final action: Resolution Approving the proposed Budget FY14/15 and amending FY13/14 Budget FY15 proposed budget Date Ver. Action By Action Result From Tannie Camarata Title Resolution Approving the proposed Budget FY14/15 and amending FY13/14 Budget Presenter Jim Swafford Recommended Action Approve Analysis Appended is the draft of the proposed Sports Corporation's Budget for FY 14/15. The consolidated budget is comprised of the following funds: 1. Operating Fund 2. Excess Sales Tax Fund 3. Oil & Gas Fund Also, included is a set of assumptions for the FY 13/14 projection and the FY 14/15 proposed budget. Listed below are the significant items in the re-estimated and proposed budgets. FY 13/14 Re-estimate Interest earnings reduce from $40,000 to $27,000 as interest rates continue to stay low. General Counsel fees reduced from $75,000 to $20,000. Misc. expenses increased from $62,500 to $98,666 due to the carry forward of expenses on the Mayor s statue. A transfer of $5.873 million to the city is proposed to take place in FY14. This includes a $4.873 City of Grand Prairie Page 1 of 2 Printed on 8/22/2014 powered by Legistar

41 File #: , Version: 1 million carryover from FY10, FY11, FY12 and FY13. Projects for the $4.873 million have been identified and approved by the board. FY 14/15 Proposed Budget Base rent projected to be $1,599,600. Additional rent projected at $215,000. Misc. income projected at $50,000 for QT Park ground rent. General Counsel fees estimated at $75,000. Miscellaneous expense includes $37,500 for lobbyist fees. Capital expenditures at Lone Star of $500,000 are included in the budget. No projects have been identified at this time. A transfer of $1,000,000 to the City is proposed to take place in FY15. Body A RESOLUTION APPROVING THE BUDGET OF THE GRAND PRAIRIE SPORTS FACILITIES DEVELOPMENT CORPORATION, INC. AS REVISED BY THE BOARD OF DIRECTORS AND ADOPTING IT AS THE BUDGET OF THE GRAND PRAIRIE SPORTS FACILITIES DEVELOPMENT CORPORATION, INC. FOR THE FISCAL YEAR BEGINNING OCTOBER 1, 2014 AND AMENDING THE CURRENT BUDGET. WHEREAS, the budget of Grand Prairie Sports Facilities Development Corporation, Inc. (the Corporation ) has been prepared by the Treasurer under the direction of the Finance Committee; WHEREAS, the budget has been revised by the board of directors; Now, therefore, be it RESOLVED, that the Board of Directors hereby approves the budget for the fiscal year beginning October 1, 2014 and amending the current budget in the form presented to the Board of Directors, 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 ADOPTED, this 25th day of August Ron Jensen, President ATTEST: Bryan Arnold, Secretary City of Grand Prairie Page 2 of 2 Printed on 8/22/2014 powered by Legistar

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49 City of Grand Prairie City Hall 317 College Street Grand Prairie, Texas Legislation Details (With Text) File #: Version: 1 Name: FY15 transfer to the city Type: Agenda Item Status: Agenda Ready - Committee File created: On agenda: Title: Sponsors: Indexes: Code sections: Attachments: 8/12/2014 In control: Sports Facilities Development Corporation 8/25/2014 Final action: Resolution approving $1 million transfer to the City of Grand Prairie Date Ver. Action By Action Result From Tannie Camarata Title Resolution approving $1 million transfer to the City of Grand Prairie Presenter Jim Swafford Recommended Action Approve Analysis As part of the budget process it was determined that the Sports Corporation would have sufficient funds on hand during FY15 to transfer $1 million to the city of Grand Prairie. At this time no project has been identified. Financial Consideration Funds will be held by the Sports Corporation until the city has identified a project and is ready to start construction. Body A RESOLUTION APPROVING THE TRANSFER OF $1,000,000 TO THE CITY OF GRAND PRAIRIE. WHEREAS, the FY14/15 budget of Grand Prairie Sports Facilities Development Corporation, Inc. (the Corporation ) had been approved by the board of directors; WHEREAS, the Grand Prairie Sports Facilities Development Corporation, Inc. (the Corporation ) has determined that the Corporation has sufficient resources to cover the current fiscal year expenditures and a surplus of at least $1,000,000 desires to contribute certain monies to the City of Grand Prairie for the Exhibit A Projects Now, therefore, be it City of Grand Prairie Page 1 of 2 Printed on 8/22/2014 powered by Legistar

50 File #: , Version: 1 RESOLVED that the Board of Directors approves the transfer of $1,000,000 operating surplus to the City of Grand Prairie for the Exhibit A Projects; 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 ADOPTED, this 25h day of August Ron Jensen, President ATTEST: Bryan Arnold, Secretary Exhibit A Grand Prairie Sports Facilities Development Corporation, Inc. Approved Projects and Transfers to the City of Grand Prairie To Be Determined at later Date $1,000,000 City of Grand Prairie Page 2 of 2 Printed on 8/22/2014 powered by Legistar

51 City of Grand Prairie City Hall 317 College Street Grand Prairie, Texas Legislation Details (With Text) File #: Version: 1 Name: FY15 Capital Expenditure with Lone Star Type: Agenda Item Status: Agenda Ready - Committee File created: On agenda: Title: Sponsors: Indexes: Code sections: Attachments: 8/12/2014 In control: Sports Facilities Development Corporation 8/25/2014 Final action: Resolution contributing up to $500,000 to Global Gaming LSP, LLC for Capital Expenditures Date Ver. Action By Action Result From Tannie Camarata Title Resolution contributing up to $500,000 to Global Gaming LSP, LLC for Capital Expenditures Presenter Jim Swafford Recommended Action Approve Analysis Each year during the budget process the Sports Corporation allocates up to $500,000 on a dollar for dollar match with Global Gaming LSP, LLC ("Lone Star"). This resolution allocates up to $500,000 in the FY15 budget. Financial Consideration Funds have been allocated in the FY15 budget. Body A RESOLUTION OF THE GRAND PRAIRIE SPORTS FACILITIES DEVELOPMENT CORPORATION WHEREAS, the Grand Prairie Sports Facilities Development Corporation, Inc. (the Corporation ) desires to contribute certain monies for the payment of certain capital improvements to Lone Star Park at Grand Prairie ( the Race Track ); Now, therefore, be it City of Grand Prairie Page 1 of 2 Printed on 8/22/2014 powered by Legistar

52 File #: , Version: 1 RESOLVED, that the Corporation be, and it hereby is, authorized to spend up to, but not exceeding, the $500,000 in the aggregate for the payment of one-half of the expenses of the capital improvements to the Race Track specified on Exhibit A attached hereto (the Improvements ) 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 $1,000,000 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 all the officers of the Corporation be, and each of them acting individually without the other hereby is, severally, authorized empowered and directed for and in the name and on behalf of the Corporation to perform all acts and do all things that are required to be done, observed, performed or discharged by the Corporation in accordance with the terms and provisions of, or that the respective officer in his sole discretion may deem necessary or appropriate to consummate the transactions contemplated by, the foregoing resolutions, his taking of any such action or his execution and delivery of any such agreement or other document being conclusive evidence that he did so deem the same to be necessary or appropriate. PASSED AND ADOPTED, this 25th day of August Ron Jensen, President ATTEST: Bryan Arnold, Secretary Exhibit A Grand Prairie Sports Facilities Development Corporation, Inc. Approved Projects and Transfers to the Global Gaming LSP, LLC To Be Determined at later Date $500,000 City of Grand Prairie Page 2 of 2 Printed on 8/22/2014 powered by Legistar

53 City of Grand Prairie City Hall 317 College Street Grand Prairie, Texas Legislation Details (With Text) File #: Version: 1 Name: insurance proceeds phase 3 amendment Type: Agenda Item Status: Agenda Ready - Committee File created: On agenda: Title: Sponsors: Indexes: Code sections: Attachments: 8/20/2014 In control: Sports Facilities Development Corporation 8/25/2014 Final action: Resolution approving additional expenditures under the Phase 3 Insurance Expenditures Date Ver. Action By Action Result From Tannie Camarata Title Resolution approving additional expenditures under the Phase 3 Insurance Expenditures Presenter Greg Giessner Recommended Action Approve Analysis The original budget for phase 3 insurance expenditures was $789,888. In April the 2014 Lone Star began making upgrades to the 21 daily use suites which required an amendment of $38,179 for carpet replacement on levels 5 and 6. This brought the phase 3 total budget to $828,067. Since the last amendment Lone Star has discussed with the Board improvements to the RF Systems that control the video to the suites. This would improve the high definition reception in the suites. The cost for the RF enhancements is $18, To cover the RF enhancements the budget needs to be increased by $13, The remaining $5, will come from savings on the phase 3 improvements. The adjusted phase 3 budget would be $841, Financial Consideration There is currently $304,845 available in unallocated funds in the insurance fund. If approved this will leave a balance of $291,751 in the insurance fund for future projects. Body RESOLUTIONS OF GRAND PRAIRIE SPORTS FACILITIES DEVELOPMENT CORPORATION, INC. City of Grand Prairie Page 1 of 2 Printed on 8/22/2014 powered by Legistar

54 File #: , Version: 1 Adopted at a Meeting on March 31, 2014 A RESOLUTION APPROVING ADDITIONAL EXPENDITURES UNDER THE PHASE 3 INSURANCE EXPENDITURES WHEREAS, Global Gaming LSP, LLC ('Global Gaming") has requested the use of an additional $13, of the insurance proceeds to enhance the RF System. NOW, THEREFORE, BE IT RESOLVED, BY THE BOARD OF DIRECTORS OF THE GRAND PRAIRIE SPORTS FACILITIES DEVELOPMENT CORPORATION, INC. SECTION 1. RESOLVED, that the Board of Directors approves the use of $13, of the insurance proceeds to enhance the RF System. SECTION 2. 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 DEVELOPMENT CORPORATION AUGUST 25, ATTEST: President Bryan Arnold, Secretary City of Grand Prairie Page 2 of 2 Printed on 8/22/2014 powered by Legistar

55 City of Grand Prairie City Hall 317 College Street Grand Prairie, Texas Legislation Details (With Text) File #: Version: 1 Name: Election of Officers Type: Agenda Item Status: Agenda Ready - Committee File created: On agenda: Title: Sponsors: Indexes: Code sections: Attachments: 8/12/2014 In control: Sports Facilities Development Corporation 8/25/2014 Election of Officers Final action: Date Ver. Action By Action Result From Tannie Camarata Title Election of Officers Presenter Ron Jensen Recommended Action Approve Analysis Appoint officers for the Grand Prairie Sports Facilities Development Corporation. The following incumbents have agreed to serve if re-appointed to these offices: Vice President Secretary Treasurer Assistant Secretary Jim Swafford Bryan Arnold Tannie Camarata 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 3, 2014 City Council meeting. Other officers are elected by the Board of Directors. Nominations are in order for these four officers, whose one-year term will be effective upon election. Financial Consideration None City of Grand Prairie Page 1 of 1 Printed on 8/22/2014 powered by Legistar

56 City of Grand Prairie City Hall 317 College Street Grand Prairie, Texas Legislation Details (With Text) File #: Version: 2 Name: Presentaiton on Lease Agreement Type: Agenda Item Status: Agenda Ready - Committee File created: On agenda: Title: Sponsors: Indexes: Code sections: Attachments: 8/21/2014 In control: Sports Facilities Development Corporation 8/25/2014 Report on Lease Agreement Final action: Date Ver. Action By Action Result From Tannie Camarata Title Report on Lease Agreement Presenter Bryan Arnold Recommended Action None Analysis Presentation on Lease agreement with Global Gaming LSP Financial Consideration None City of Grand Prairie Page 1 of 1 Printed on 8/22/2014 powered by Legistar

57 City of Grand Prairie City Hall 317 College Street Grand Prairie, Texas Legislation Details (With Text) File #: Version: 1 Name: Report LSP Type: Agenda Item Status: Agenda Ready - Committee File created: On agenda: Title: Sponsors: Indexes: Code sections: Attachments: 8/21/2014 In control: Sports Facilities Development Corporation 8/25/2014 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 8/22/2014 powered by Legistar