Community Center 2005/02/24Community Center Authority
February 24, 2005
Anaheim Convention Center
Executive Board Room
12 Noon
Members Present: Paul Kott, Ed Munson, Larry Slagle
Members Absent: Pat Carroll, Alden Esping
City Staff:
Greg Smith, Executive Director
David Meek, Convention Center Manager
Carol Meier, Financial Accounting Manager
Ed Zacher!, Assistant Finance Director
Chuck Smith, Contract Administrator
Irene Reyes-Hofinann, Administrative Assistant
Irene Reyes-Hofinann posted the agenda for this meeting on Tuesday, February 22,2004,
at 4:15 p.m., in the Convention Center Box Office Advance Sales window.
President Paul Kort called the meeting to order at 12:23 p.m. and self-introductions were
made.
Approval of Minutes
MOTION: On a motion by Ed Munson and seconded by Larry Slagle, it was moved to
approve the May 27, 2004, meeting minutes. MOTION CARRIED UNANIMOUSL Y.
Financial Report
Carol Meier distributed and reviewed the Statement of Revenues and Expenditures Seven
Months Ended January 31, 2005. In summary, the Convention Center is doing better
than the projected operating year. Greg Smith mentioned that the negative cash flow is
attributed to capital improvement and the contribution to the City's general fund of$l
million to help offset the City's lost revenues due to the State of California. However, it
is a plus that there are reserves, which in prior years the Convention Center was not able
to achieve. Larry Slagle expressed his concerns over the use of the reserves. Further
discussion ensued regarding capital reserves.
Mr. Smith mentioned that the new Price Waterhouse Future Growth Report will be made
available for members at the next meeting. He updated members on the Marriott
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Community Center Authority Minutes
February 24,2005
Page 2
expansion, the Garden Walk, the Platinum Triangle, and the ARTIC Project. Also
discussed were some of the weaknesses the Convention Center has endured in the
competitive market such as transportation and dining/entertainment.
Convention Center Enhancements
David Meek presented a video on the proposed carpet replacement and explained the
changes to the terrazzo area. Discussion ensued detailing the type and quality of carpet.
The plan is to have it installed by August of this year.
Renderings of the Arena Enhancements were displayed for CCA members to review.
Mr. Smith explained in detail each phase of the proposed Arena Enhancement. The first
phase, which is the lighting, will be out for bid soon. This item will be placed on the
agenda for endorsement of the plan for the March meeting.
Ed Zacher! mentioned that he would send over the CCA Basic Financial Statement to be
mail out with the minutes.
Adjournment
There being no further business to discuss, on a motion by Paul Kort and seconded by Ed
Munson, it was moved to adjourn the meeting. MOTION CARRIED UNANIMOUSL Y.
(2:10 p.m.)
Signed:
Greg Smith, Assistant Secretary
Approved and Certified:
Secretary of the Governing Board of the Community Center Authority
***Next meeting***
March 24, 2005