>> GOOD MORNING EVERYONE.
THANK YOU FOR JOINING US TODAY 
FOR THE SPORTS AUTHORITY BOARD 
MEETING.
IT'S ALWAYS GOOD TO BE IN 
BRIDGESTONE ARENA.
I WANT TO THANK THE PREDATORS 
ORGANIZATION FOR HOSTING US.
THIS ORGANIZATION COMPUTERS TO 
MAKE OUR CITY PROUD BOTH ON AND 
OFF THE ICE AND PLEASE JOIN ME 
IN CONGRATULATING THEM ON 
ANOTHER VERY SUCCESSFUL SEASON.
AND AS ALWAYS PLEASE NOTE THE 
PROCESS FOR THIS BOARD CAN BE 
FOUND AT THE TOP OF TODAY'S 
AGENDA AND YOU HAVE THE MEETING 
MINUTES FROM APRIL 19TH MEETING 
BEFORE YOU.
ARE THERE ANY QUESTIONS?
REGARDING MINUTES?
THERE'S A MOTION TO APPROVE.
IS THERE A SECOND?
>> SECOND.
>> MOTION AND PROPERLY SECONDED.
ALL IN FAVOR, SAY AYE.
MINUTES ARE APPROVED AND AT THIS
TIME WE'LL HEAR FROM MONICA FOR 
OUR EXECUTIVE DIRECTOR'S REPORT.
>> THANK YOU MADAM CHAIR AND 
GOOD MORNING EVERYONE AND THANK 
YOU FOR BEING HERE AND WE HAD 
GREAT ATTENDANCE AT THE FINANCE 
COMMITTEE AND YOU SEE UNDER ITEM
FOUR WE ASK THE BOARD TO 
CONSIDER A RESOLUTION INTENT FOR
AWARD FOR DESIGN IN ARCHITECT 
PIECE AND WE'LL HEAR MORE ABOUT 
THAT IN A FEW MINUTES.
BESIDES THE INTENT THE BOARD 
WILL RECEIVE INFORMATION FROM 
THE FINANCE AND PERSONNEL 
COMMITTEE AND WE'LL HAVE TIME 
FOR FACILITY QUESTIONS AND 
COMMENTS AND RECEIVE THE 
BRIDGESTONE ARENA REPORT.
ARE THERE ANY QUESTIONS ABOUT 
THE THE AGENDA AND THEN I HAVE 
UPDATES FROM LAST MONTH AND I 
DID MENTION THIS AT THE FINANCE 
COMMITTEE AS WELL.
YOU WILL RECALL LAST MONTH AT 
THE APRIL MEETING THE SPORTS 
AUTHORITY APPROVED RESOLUTION 
THAT RATIFIED APPROVAL OF THIS 
PREVIOUSLY INCURRED INSTANCES 
RELATED TO THE STADIUM PRE 
DEVELOPMENT WORK.
METRO FINANCE AND A COUNTING HAD
BEEN WORK TOGETHER UPDATE AND 
CHANGE THIS APPROVAL PROCESS.
YOU'LL REMEMBER THAT WE 
INITIALLY WERE NOT INCLUDED ON 
THAT AND THAT WAS A REQUEST THAT
CAME FROM THAT WHOLE EXPERIENCE 
SO THEY'RE IN THE PROCESS OF A 
CHANGING THE APPROVAL ROUTE AND 
I'LL HAVE A MEETING WITH FINANCE
AND THE ACCOUNTING DIVISION AND 
I THINK WE'LL BE ABLE TO 
FINALIZE THAT AT THAT TIME AND 
SECONDLY THAT SAME RESOLUTION 
AUTHORIZED THE EXECUTIVE 
DIRECTOR IN CONSULTATION WITH 
THE CHAIR TO COORDINATE WITH THE
MAYOR AND THE FINANCE DIRECTOR 
AND THE PURCHASING AGENT TO 
SELECT THE MOST APPROPRIATE 
METRO CONTRACTOR TO PROVIDE THE 
SERVICE S AND SENSE LAST MONTH 
I'VE HAD MULTIPLE CONVERSATIONS 
WITH FINANCE, THE MAYOR'S 
OFFICE.
WITH OUR CHAIR AND WE DETERMINED
THAT WE'RE GOING TO USE 
ARCHITECTURAL FIRM GOBBLE HAYES 
PARTNERS AND CAPITAL PROJECT 
SOLUTIONS BOTH OF THEM HAVE 
EXISTING CONTRACTS WITH METRO TO
SERVE AS OUR PROGRAM AND PROJECT
MANAGERS.
RON GOBBLE IS HERE WITH US THIS 
MORNING AND NO STRANGER AND THEY
SERVE AS CONSTRUCTION OF FIRST 
TENNESSEE PARK AND PARTNERS WITH
GENERAL SERVICES ON A NUMBER OF 
OTHER PROJECTS AROUND METRO AND 
ESPECIALLY RELATED TO STRATEGIC 
PLANNING I THINK WORKING WITH 
THE POLICE HEADQUARTERS AND THE 
FAMILY JUSTICE CENTERS MASTER 
PLANS AND THEN SO RON WE'RE 
GOING TO TALK ABOUT THE RFQ AND 
RON HAS IS SERVED AZTEC ANY CALL
ADVISOR AS WE WORKED THROUGH 
THAT PROCESS AND YOU'LL HEAR 
FROM HIM IN JUST A MINUTE.PALSO 
CAPITAL PROJECT SOLUTIONS CPS IS
A PROJECT MANAGER OR PROJECT 
MANAGEMENT OWNERS REPRESENTATIVE
FIRM SO THEY MANAGE ALL PHASES 
OF CONSTRUCTION PROJECT 
ACTIVITIES AND THEY WORKED ON 
FIRST TENNESSEE PARK OR THE 
METRO OFFICE BUILDING THAT'S 
NEXT TO THE SCHOOL ON THE CAMPUS
OUR OFFICE IS ON.
THEY'VE WORKED WITH THE PUBLIC 
HEALTH CENTER AND CURRENTLY 
WORKING ON THE SHERIFF'S OFFICE 
COMPLEX DOWNTOWN THAT'S 
PRESENTLY UNDER CONSTRUCTION.
SO WE'RE GOING TO BE WELL 
REPRESENTED THAT'S THE SHORT OF 
IT SO IN THE COMING WEEKS WE'LL 
FINAL ADVERTISE SCOPE FOR BOTH 
FIRMS WHILE WE CONTINUE TO MOVE 
AHEAD ON THE PRELIMINARY 
PLANNING OF THE STADIUM.
SO RON IF YOU WANT TO COME UP 
NOW YOU CAN SAY MORE ABOUT 
YOURSELF AND HE'S WORKING WITH 
THE FAIRGROUNDS SO WILL GIVE YOU
A BRIEF UPDATE.
>> YES WE'RE EXCITED TO BE BACK 
ON THE PROJECT OF THE SPORTS 
AUTHORITY AND THINK THIS WILL BE
QUITE AND ADVENTURE.
GOOD PROJECT OF THE CITY AND 
WE'RE HAPPY TO BE HERE.
WE'VE GONE THROUGH THE, TEXTURAL
ENGINEERING AND SELECTION 
PROCESS AND HELP ME GET INTO 
ASSOCIATIONS AND FIND THE SCOPE 
AS WE MOVE FORWARD WITH THAT 
PROCESS AND WE'RE ALSO ON 
FAIRGROUNDS AND PUBLIC 
ENGAGEMENT.
WE'RE STARTING TODAY IN FACT AT 
11:30 WE'LL OPEN THE PUBLIC TO 
COME IN AND GIVE US INPUT ON HOW
THE FAIR GROUND IMPROVEMENT PLAN
CAN BEST SERVE THEIR VARIOUS 
CONSTITUENCIES AND WE HAVE 
ANOTHER SECTION AT 6:00 AND ALL 
OF YOU ARE INVITED AND LOVE TO 
HAVE YOU THERE.
OVER IN THE NEXT COUPLE OF DAYS 
THIS IS LED BY TIMES THERE AND 
OVER THE NEXT COUPLE OF DAYS 
THERE'S OPPORTUNITIES FOR THE 
PUBLIC TO MEET WITH THE VARIOUS 
DESIGN TEAM MEMBERS AND THE 
DESIGN TEAM MEMBERS WILL DIGEST 
ALL THAT WE COLLECT IN TODAY'S 
MEETINGS AND WE'LL BE GIVING 
PULLING ALL OF THAT TOGETHER 
NEXT WEEK.
THE FINAL MEETING FOCUSED ON THE
FLEA MARKET AND HAVE REPORT BACK
ON THE 29TH FOR PUBLIC 
PRESENTATION.
SO ALL OF YOU ARE INVITED TO 
ATTEND AND IT'S GOING TO BE 
DELIGHTING TO HAVE THE 
OPPORTUNITY TO HEAR BACK FROM 
THE VARIOUS CONSTITUENCIES ABOUT
WHAT'S IMPORTANT TO THEM IN 
FAIRFAX WITH. THAT SAID ALL THE 
OTHER THINGS IN THE PROCESS, CPS
AND OUR FIRM ARE GETTING STARTED
IN THIS PROJECT SO WE'RE TRYING 
TO IDENTIFY WHAT'S BEEN DONE AND
KEEP IT MOVING.
>> I THINK THAT'S GREAT.
I'LL BE AT THE FAIRGROUNDS 
TONIGHT AND MORE THAN ANYTHING 
WE'D LOVE FOR YOU TO COME IF YOU
CAN BUT WE THINK IT'S IMPORTANT 
THAT THE SPORTS AUTHORITY 
UNDERSTANDS THE BIGGER PICTURE 
OF WHAT'S GOING ON AT THE FAIR 
GROUNDS SO WE'LL KEEP YOU 
INFORMED AS WE MOVE THROUGH 
THIS.
THERE'S A LOT OF INTEREST 
CLEARLY AND THE PUBLIC 
ENGAGEMENT PART IS VERY 
IMPORTANT SO THANK YOU FOR THAT 
UPDATE.
>> GOT ANY QUESTIONS I'M HAPPY 
TO ANSWER THEM.
>> THE LAST THING I WANTED TO 
MENTION IN MY REPORT AND THIS 
JUST CAME IN BUT BILL, THE HEAD 
OF THE TENNESSEE SPORTS 
HALL-OF-FAME IS HERE AND HE'S 
JUST INVITED THE BOARD TO THE 
2018 CHAMPION WITHIN LUNCHEON AT
SATURDAY JUNE 16TH AT THE OMNE.
>> THE BANQUET SPECIAL BANQUET 
[INAUDIBLE]
HE STOLE THE WHOLE PRESENTATION.
BUT ANY WAY JUST NATIONAL 
CHAMPIONSHIP TEAMS AND PREDATORS
IS ALWAYS YEAR IN THE REARS AND 
UNFORTUNATELY THIS YEAR WE HAD 
GREAT SEASON WE'VE HAD AND FELL 
SHORT OF THE PLAYOFFS BUT WE'RE 
CELEBRATING LAST YEAR BECAUSE 
LAST YEAR TRULY COULDN'T ASK FOR
MORE THAN THAT.
WHAT THE PREDATORS DID TO PUT 
THE CITY IN THE SPOTLIGHT 
INTERNATIONALLY IS GREAT SO THE 
PREDATORS ARE THE TENNESSEEANS 
OF THE YEAR.
[APPLAUSE]
>> WELL CONGRATULATIONS AND 
THANK YOU FOR THE INVITATION.
>> MADAM CHAIR.
LAST YEAR I WAS HAD THE GOOD 
FORTUNE TO BE INDUCTED IN THE 
HALL-OF-FAME AND IT'S A GREAT 
WEEKEND AND IT ALL OF YOU THAT 
CAN PARTICIPATE I THINK YOU 
WOULD REALLY ENJOY.
THANK YOU.
>> THANK YOU.
>> ARE THERE ANY QUESTIONS? IF 
NOT THAT COMPLETES MY REPORT.
>> THANK YOU MONICA.
NEXT ON THE AGENDA WE HAVE 
CONSIDERATION OF A RESOLUTION OF
APPROVING AN INTENT TO A WARD 
LETTER FOR THE MLS STADIUM 
ARCHITECT/DESIGN.
>> WELL SO LET ME TELL YOU ABOUT
THE PROCESS.
I KNOW WE'VE BEEN TALKING ABOUT 
THIS.
WITH REGARDS TO THE RFQ AND THIS
EVALUATION AND THE WHOLE PIECE 
THE SPORTS AUTHORITY IS THE LEAD
DEPARTMENT METRO PURCHASING 
CONVENES AN EVALUATION COMMITTEE
AND WE REVIEW THE PROPOSALS AND 
THEN HAVE THE OPPORTUNITY TO 
INTERVIEW OFFERS THAT ARE DEEMED
ACCEPTABLE WHICH WE DID.
METRO PURCHASING THEN COMPILES 
THE SCORING AND ALL THE 
DOCUMENTS AND SENDS IT TO THE 
MAYOR WHO SELECTS THE AWARD 
ALONG, HE ALSO RECEIVED THE 
COMMITTEE'S RECOMMENDATION AND 
THE MAYOR RECEIVED INFORMATION 
FROM METRO PURCHASING AND MADE A
SELECTION AND SELECTED POPULUS 
WHICH WAS ALSO THE COMMITTEE'S 
RECOMMENDATION.
WE RECEIVED SOME STRONG 
PROPOSALS AND ULTIMATELY IT CAME
DOWN TO EXPERIENCE AND 
SPECIFICALLY EXPERIENCE 
DESIGNING MLS STADIUMS.
AND SO THAT IS WHY POPULUS WAS 
SELECTED.
THE INTENT TO A WARD HAS GONE 
OUT ONCE THE BOARD APPROVES IT 
THEN WE'LL HAVE TEN DAYS AND WE 
CAN BEGIN CONTRACT NEGOTIATIONS 
SO THAT'S WHERE WE ARE NOW.
IF THERE'S ANY SPECIFIC 
QUESTIONS ABOUT THE PROCESS THAT
WE ARE ASKING THAT THE BOARD 
APPROVE THE INTENT TO A WARD 
THIS MORNING.
>> AND I NOTICE THAT JOHN COOPER
IS WITH US TODAY.
I'M NOT SURE JOHN OUR LAW 
DIRECTOR, IF HE HAS ANYTHING TO 
ADD OR WANTS TO TOUCH ON THIS 
PROCESS BUT WE WELCOME YOU TO 
JOIN US.
>> SURE.
THANK YOU FOR HAVING ME.
I WAS PREPARED TO GIVE A SUMMARY
WHERE EVERYTHING STANDS RELATED 
TO THE STADIUM AND WHERE WE ARE 
IN NEGOTIATIONS.
YOU WANT TO DO THAT AS PART OF 
THIS?
>> LET'S DO THAT NOW.
>> I WAS NOT INVOLVED IN THE 
PROCUREMENT PROCESS FOR THE 
ARCHITECT THAT WAS HANDLED 
THROUGH PURCHASING BUT I CAN 
TELL YOU ABOUT EVERYTHING ELSE 
THAT IS GOING ON.
>> I THINK IT'S HELPFUL TO SEE 
THE WHOLE BIG PICTURE.
>> I WILL TRY TO BE BRIEF IF YOU
WANT ME TO MOVE ALONG PLEASE 
TELL ME AND I WILL.
I'LL GIVE YOU HISTORY BECAUSE IT
HAS BEEN A FEW MONTHS.
YOU REMEMBER ON OCTOBER 2017 
THIS BOARD AND THE FAIR BOARD 
APPROVED RESOLUTIONS REQUESTING 
THE COUNCIL TO CONDITIONALLY 
AUTHORIZE THE ISSUING OF THE 
225,000,000 DOLLARS IN REVENUE 
BONDS BY THE SPORTS AUTHORITY 
FOR THE CONSTRUCTION OF THE NEW 
MLS STADIUM.
THE NEXT MONTH THE COUNCIL 
APPROVED THAT RESOLUTION AND AS 
PART OF THAT RESOLUTION THERE 
ARE A NUMBER OF CONDITIONS THAT 
HAVE TO BE SATISFIED BEFORE THIS
BOARD CAN AUTHORIZE THE ISSUING 
OF ANY DEBT SO I'LL GO THROUGH 
THOSE AGAIN BECAUSE AGAIN 
THEY'RE VERY IMPORTANT 
CONDITIONS.
FIRST IS THE EXECUTION OF 
DEVELOPMENT AGREEMENT BETWEEN 
THE SPORTS AUTHORITY AND THE 
TEAM WHICH WE'RE WORKING ON AND 
I'LL EXPLAIN MORE ABOUT THAT IN 
A MINUTE.
EXECUTION OF A GROUND LEASE 
BETWEEN THE SPORTS AUTHORITY AND
THE FAIR BOARD FOR THE SITE 
WHERE THE STADIUM WILL BE BUILT.
THE EXECUTION OF A LEASE SUBJECT
TO APPROVAL OF MLS BETWEEN THE 
SPORTS AUTHORITY AND THE TEAM.
THAT WOULD BE OPERATING LEASE 
AGREEMENT AND THE EXECUTION OF A
GUARANTEE AGREEMENT WITH 
PERSONAL GUARANTEES REQUIRED IN 
THE EVENT.
JOHN IS NO LONGER THE MAJORITY 
OWNER OF THE TEAM.
A COUNCIL ORDINANCE APPROVING A 
TICKET TAX IS A CONDITION THAT 
HAS TO HAPPEN FIRST AND THAT 
WOULD BE A DOLLAR AND 75 FOR 
TICKET YEARS ONE THROUGH FIVE, 
225 YEARS SIX AND SEVEN AND 
GOING UP TO 250 YEAR SEVEN 
AFTER.
AND A PORTION OF THAT WOULD BE 
SET ASIDE FOR CAPITAL EXPENSES 
AND SOMETHING WE'VE NOT HAD 
WOULD BE VERY HELPFUL FOR THIS 
BO
BOARD.
ALSO THERE WILL BE REQUIRED AN 
ORDINANCE APPROVING THE 
DEMOLITION OF THE EXISTING 
FAIRGROUNDS STRUCTURE WHERE'S 
THE STADIUM WILL BE BUILT.
BY CHARTER THAT WILL TAKE 27 
VOTES OF THE METRO COUNCIL SO 
THAT'S THE KIND OF BIGGEST 
HURDLE FROM A COUNCIL STANDPOINT
AS GIVEN 27 VOTES ON THAT 
ORDINANCE.
AFTER THE COUNCIL APPROVES IT 
THE FAIR BOARD HAS TO APPROVE 
THE DEMOLITION OF THE 
STRUCTURES.
NOT PART OF THE DEBT ISSUING BUT
CONTEMPLATED THE PRIVATE 
DEVELOPMENT GROUND LEASE FOR A 
PORTION OF THE PROPERTY THE 
SPORTS AUTHORITY WOULD NOT BE 
INVOLVED IN THAT.
THAT'S THE FAIR BOARD AND THE 
PUBLIC PROCESS AS DESCRIBED 
THAT'S CURRENTLY UNDERWAY.
SO WE BEGIN DRAFTS OF THE 
AGREEMENTS THE DEVELOPMENT THE 
LEASE AND THE GUARANTEED TEAM 
LEASE AND THE GUARANTEE BACK IN 
FEBRUARY IF YOU REMEMBER IN THE 
PAST THE BOARD AND METRO HAVE 
USED LARRY FOR NEGOTIATING 
SIMILAR DEALS.
HE IS NOW RETIRED AND I'M NOT 
SURE, I DON'T KNOW IF HE LIVES 
IN THE STATE ANYMORE BUT HE WAS 
NOT AVAILABLE SO WE RETAINED 
CRAIG HAMMOND AND TREVOR WITH 
DICK INSON WRIGHT LAW FIRM.
ONE IS OUT OF DETROIT AND THE 
OTHER OUT OF TORONTO AND THEY 
HAVE DONE A NUMBER OF 
PROFESSIONAL SPORTS DEALS, 
FINANCING STADIUM CONSTRUCTION 
DEALS.
HAVE BEEN VERY HELPFUL THROUGH 
THE PROCESS.
WE'RE STILL NEGOTIATING THE 
FINAL VERSION OF THE DOCUMENTS 
BUT WE'RE VERY CLOSE.
THE TEAM HAS BEEN VERY GOOD TO 
WORK WITH AND THINGS HAVE MOVED 
VERY SMOOTHLY I THINK GIVEN HOW 
THINGS COULD HAVE GONE.
SO I'LL GIVE YOU A QUICK SUMMARY
OF THE DEVELOPMENT AGREEMENT.
THIS WOULD BE BETWEEN THE SPORTS
AUTHORITY AND STADIUM CO.
THE SUBSIDIARY OF INGRAM OVER 
THIS OPERATION AND OPERATING THE
SPORTS AUTHORITY IS RESPONSIBLE 
FOR THE CONSTRUCTION OF THE 
STADIUM.
HOWEVER THE AGREEMENT 
CONTEMPLATES A COOPERATIVE 
MUTUAL ENDEAVOR BETWEEN THE 
SPORTS AUTHORITY AND THE TEAMS 
REPRESENTATIVE THAT WILL BE ICON
GROUP SO THERE'S A LOT OF GOOD 
FAITH LANGUAGE IN THE AGREEMENT 
ABOUT WORKING TOGETHER SINCE 
THEY'RE OBVIOUSLY THE PRIMARY 
TENANT AND USER OF THE FACILITY 
AND NEED 20 BE INVOLVED AS WE 
LOOK THROUGH THE CONSTRUCTION 
PROCESS.
THERE WILL BE A DEVELOPMENT 
COMMITTEE MADE UP OF TWO SPORTS 
AUTHORITY REPRESENTATIVES AND 
STADIUM REPRESENTATIVES WORKING 
THROUGH THE DESIGN, DEVELOPMENT 
AND CONSTRUCTION PHASES OF THE 
PROJECT.
COMMENCEMENT OF CONSTRUCTION IS 
TO TAKE PLACE BY JUNE 30TH OF 
2019.
THE DEMOLITION OF ALL THE 
EXISTING FACILITIES WOULD HAVE 
TO TAKE PLACE BEFORE THAT DATE.
IT WOULD HAVE TO BE DELIVERED IN
I THINK WHAT'S CALLED SITE PAD 
RATE CONDITION FOR CONSTRUCTION.
THE FINAL PLANS WILL NEED TO BE 
APPROVED BY MLS ONCE WE GET THE 
FINAL DESIGN DONE.
THE STADIUM WILL BE BETWEEN 
25,000 AND 34 THOUSAND SEATS.
THE SPORTS AUTHORITY IN 
CONSULTATION WITH STADIUM CO.
THEY WILL DIRECT THE 
CONSTRUCTION MANAGER AS WE MOVE 
THROUGH THE PROCESS.
THE STADIUM IS SET FOR OCCUPANCY
BY FEBRUARY FIRST, 2021.
I THINK THAT'S THE TARGET DATE 
FOR BEING MOVE IN READY.
IF YOU WILL REMEMBER FROM THE 
RESOLUTION THAT YOU APPROVED 
BACK IN OCTOBER, STADIUM CO.
WILL COVER 25,000,000 DOLLARS A 
PORTION OF 25,000,000 DOLLARS OF
THE DESIGN DEVELOPMENT IN 
CONSTRUCTION COSTS AND 
RESPONSIBLE FOR ANY COST OVER 
RUNS ASSOCIATED WITH THE STADIUM
SO ANYTHING THAT GOES ABOVE THAT
AMOUNT ISSUED YOU KNOW THAT THE 
DEBT ISSUED AND THE CONTRIBUTION
WILL BE THE TEAM'S 
RESPONSIBILITY.
WE'VE ALSO BEEN NEGOTIATING THE 
TEAM LEASE AGREEMENT THAT'S IN 
OPERATING LEASE AGREEMENT 
SIMILAR TO WHAT YOU HAVE WITH 
THE PREDATORS AND THE TITANS AND
THE SOUNDS.
THE TEAM WILL PAY RENT IN THE 
AMOUNT OF THE BOND DEBT EXPENSE 
PER YEAR SO WHATEVER IT IS THAT 
YEAR THAT IS WHAT WE PAID WITH 
TICKET TAXES COLLECTED AT THE 
FACILITY SO THEY'LL ESSENTIALLY 
GET A CREDIT FOR HOWEVER YOU 
WANT TO THINK ABOUT IT.
FOR YEARS 1-5 OF THE STADIUM 
OPERATION METRO IS GUARANTEEING 
THAT THOSE TAX REVENUES WILL NOT
BE LESS THAN FOUR MILLION 
DOLLARS SO IF THERE'S A SHORTAGE
BETWEEN ACTUAL COLLECTIONS AND 
FOUR MILLION DOLLARS METRO WOULD
MAKE UP THE DIFFERENCE OUT OF 
METRO REVENUES AND THEN FOR THE 
NEXT FIVE YEARS THAT WILL DROP 
TO 3 MILLION A YEAR GUARANTEED 
AND AFTER THAT THERE'S NO 
GUARANTEE.
THE PAYMENTS WILL BE MADE IN 
INSTALLMENTS COINCIDEING WITH 
THE BOND PAYMENT DATES SO THE 
MONEY WILL BE TRANSFERRED FROM 
THEM IN TIME TO PAY THE DEBT 
REQUIREMENTS.
THE TEAM WILL BE RESPONSIBLE FOR
ALL OPERATING AND MAINTENANCE 
EXPENSES OF THE STADIUM.
METRO WILL BE RESPONSIBLE FOR 
CAPITAL EXPENSES AND LIKE I SAID
A PORTION OF THE TICKET TAX WILL
BE SET ASIDE TO COVER CAPITAL 
EXPENSES OF THE TEAM WILL BE 
REQUIRED EVERY OTHER YEAR TO 
PREPARE A CAPITAL ASSET 
MANAGEMENT PLAN TO BE SUBMITTED 
TO THE AUTHORITY THAT WILL LIST 
WHAT THOSE CAPITAL REQUIREMENTS 
ARE AND THERE'S LANGUAGE BUILT 
INTO THE AGREEMENT THAT WILL 
PROVIDE FOR KIND OF AN OUTSIDE 
PARTY TO WORK WITH THE TEAM TO 
PREPARE THAT.
THE TEAM WILL BE RESPONSIBLE FOR
ALL UTILITIES AND THEY'RE 
REQUIRED TO MAINTAIN OPERATION 
HERE IN NASHVILLE.
THEY WILL BE ENTITLED TO ALL 
REVENUES ASSOCIATED WITH THE 
STADIUM WHICH IS CONCESSIONS AND
NAMING RIGHTS AND ADVERTISING 
AND PARKING FOR STADIUM EVENTS 
THAT WILL NOT INCLUDE PARKING 
FOR FAIRGROUNDS EVENTS JUST FOR 
STADIUM EVENTS.
THEY ARE, THE TEAM WILL BE 
REQUIRED IN THE AGREEMENT TO 
COORDINATE SCHEDULEING WITH THE 
EXECUTIVE DIRECTOR OF THE FAIR 
BOARD TO MAKE SURE THE 
FAIRGROUNDS AND THE SOCCER 
EVENTS COINCIDE AND THERE'S 
PLENTY OF ADVANCE NOTICE BUILT 
IN FOR THAT METRO WILL BE 
ENTITLED TO 20 RENT FREE DAYS 
FOR METRO EVENTS.
THAT'S THE VERY BROAD OF WHAT 
THAT COULD BE USED FOR BUT THAT 
IS 20 DAYS THAT WE'LL HAVE RENT 
FREE METRO WOULD BE RESPONSIBLE 
FOR COVERING THE OPERATING 
EXPENSES ASSOCIATED WITH THOSE 
EVENTS BUT OBVIOUSLY IT IS RENT 
FREE AND THEN THE AGREEMENTS 
WILL INCLUDE STANDARD INSURANCE 
AND OUR REGULAR BOILERPLATE 
ST
STUFF.
ONE THING THAT I HAD NOT SEEN 
BEFORE THAT'S PUT IN THE 
AGREEMENT IS SOME MLS 
REQUIREMENTS THAT HAVE TO BE IN 
THE LEASE.
NAMELY MAKING THEM A THIRD PARTY
BENEFICIARY AND GIVING THEM THE 
RIGHT TO STEP IN, IN THE EVENT 
OF DEFAULT.
THESE ARE THINGS THAT MLS 
REQUIRES TO BE IN, IN LEASE 
AGREEMENTS.
THE PLAN IS FOR ALL OF THESE TO 
BE READY FOR BOARD CONSIDERATION
AND APPROVAL IN JUNE OR JULY AND
WE'RE ACTIVELY WORK TOGETHER GET
THE DOCUMENTS FULLY NEGOTIATED 
AND ONCE WE DO WE'LL GET THEM TO
YOU SO YOU HAVE PLENTY OF 
OPPORTUNITY FOR REVIEW.
I'LL BE HAPPY TO TAKE ANY 
QUESTIONS.
>> I GOT A QUESTION.
JOHN?
WHAT'S THE ACTION THAT HAS TO BE
TAKEN BY THE COUNCIL?
WHEN IS THAT SCHEDULED?
>> NOTHING IS SCHEDULED YET.
IT'LL BE AROUND THE SAME TIME I 
THINK BUT THE COUNCIL WILL HAVE 
TO APPROVE THE DEMOLITION OF THE
EXISTING FAIRGROUNDS FACILITIES 
PROGRAMS.
WE ARE ANTICIPATING ALL OF THIS 
BEING DONE AT ONE TIME SO 
SEPARATE LEGISLATION BUT ALL IN 
ONE PACKAGE SO ORDINANCE 
APPROVING THE DEMOLITION AND THE
TICKET TAX THEN THERE WOULD BE 
AN ORDINANCE APPROVING THE LEASE
AGREEMENT BETWEEN THE FAIR BOARD
AND A PRIVATE DEVELOPER FOR THE 
PRIVATE DEVELOPMENT PORTION.
SO THAT'S THE COUNCIL ACTION.
THEY DON'T HAVE TO TAKE FURTHER 
ACTION REGARDING DEBT ISSUING 
THAT'S LEFT TO THE SPORTS 
AUTHORITY BUT THOSE ARE REQUIRED
THINGS THE COUNCIL HAS TO 
ADD
ADDRESS.
>> I JUST WONDERING ABOUT THE 
DEFINITION OF CAPITAL 
EXPENDITURES THAT METRO IS 
OBLIGATED TO PAYS.
THAT IN CONJUNCTION LIKE NORMAL 
LIKE THE IRS?
>> YES.
>> NOTHING DIFFERENT?
>> NO.
>> OKAY.
>> I HAVE A QUESTION.
AS I UNDERSTAND IT THERE'S THE 
ANTICIPATED ANNUAL DEBT ON THE 
BONDS OF APPROXIMATELY 13 
MILLION IS THAT RIGHT?
>> I DO NOT KNOW.
>> WELL THE QUESTION I HAVE IS 
ABOUT THE GUARANTEES.
THE FORM OF THE GUARANTEES.
AND I MAY BE WRONG BUT I'M UNDER
THE IMPRESSION THAT 9 MILLION OF
THE ANNUAL DEBT SERVICE.
>> WHATEVER THE DIFFERENCE IS, 
RIGHT?
>> IS GUARANTEED BY STADIUM CODE
AND JOHN INGRAM IS THE PRINCIPLE
OWNER OF THE STADIUM?
WHAT FORM IS THE GUARANTEE?
>> THE GUARANTEE INCORPORATED IN
THE OPERATING LEASE RIGHT NOW IS
A TEAM GUARANTEE.
SO THE TEAM IS GUARANTEEING THAT
STRONG GUARANTEE BUT THERE IS NO
PERSONAL GUARANTEE UNLESS JOHN 
INGRAM IS NO LONGER THE MAJORITY
OWNER.
THAT WAS A CONDITION OF THE 
COUNCIL AND THE COUNCIL 
RESOLUTION SO THE LANGUAGE IN 
THE AGREEMENT IS CONSISTENT WITH
THE AMENDED LANGUAGE THAT THE 
COUNCIL PUT IN THE RESOLUTION.
>> SO IF HE'S NO LONGER AN OWNER
OF PRINCIPAL STAYED EUDIUM CO.
WHAT HAPPENS?
>> I THINK THERE'S OTHER 
LANGUAGE SURROUNDING BUT WE 
DON'T HAVE PERSONAL GUARANTEES 
DRAFTED YET BECAUSE THEY ARE NOT
NECESSARY, BUT WHEN THEY DO 
BECOME NECESSARY THE AGREEMENT 
PROVIDES.
>> IS THERE DISCUSSION ABOUT THE
AMOUNT OF GUARANTEE IF HE'S NO 
LONGER FOR THE FULL AMOUNT?
>> RIGHT.
FULL AMOUNT.
>> PERSONAL GUARANTEE?
>> RIGHT.
>> IS THERE ANY ADDITIONAL 
QUESTIONS FOR MR. COOPER?
>> I JUST WANT TO SAY THAT WAS 
REALLY HELPFUL.
THANK YOU SO MUCH FOR GOING 
THROUGH ALL OF THAT.
>> SURE.
THANKS FOR HAVING ME.
>> THANK YOU JOHN.
>> SO I THINK THAT BRINGS US 
BACK TO OUR PART ON THE AGENDA 
AS IT RELATES TO THIS 
CONSIDERATION OF A RESOLUTION 
FOR THE INTENT TO A WARD LETTER 
THAT WE DID RECEIVE THIS MORNING
FOR THE ARCHITECT AND DESIGN AND
MO
MONICA, TALKING WITH YOU, YOU'VE
BEEN VERY CLOSE TO THE PROCESS 
THAT'S GONE THROUGH THE PROPER 
CHANNELS AND - 
>> YEAH WE HAVE GONE THROUGH THE
PROCESS AND IT'S A MULTI STEP 
PROCESS AND WE'RE STILL WORKING 
THROUGH THE PROCESS BUT THE NEXT
PIECE IS TO GET BOARD APPROVAL 
ON THE INTENT TO A WARD WHICH IS
A THING THAT WOULD ALLOW US TO 
ENTER INTO CONTRACT NEGOTIATIONS
AND TEN DAYS FROM NOW AND THEN 
THAT WILL, THEN A CONTRACT WILL 
COME BACK TO THE AUTHORITY FOR 
APPR
APPROVAL.
>> I UNDERSTAND.
AT THIS TIME I THINK THERE'S A 
MOTION TO APPROVE THE RESOLUTION
AWARD FOR POPULUS.
IF YOU WOULD ENTERTAIN THAT AT 
THIS TIME.
>> MOVE APPROVAL.
>> MOTION.
IS THERE A SECOND.
>> MOTION AND PROPERLY SECONDED.
ALL IN FAVOR?
>> MY UNDERSTANDING IS BECAUSE 
WE JUST GOT THIS, THIS MORNING 
IS THAT WE ARE JUST A STEP IN 
THIS PROCESS OF AWARDING A 
LETTER TO THE ACKNOWLEDGEMENT 
THAT THERE WILL BE AN AWARD TO 
THIS PARTICULAR COMPANY AND THIS
COMPANY, THIS FIRM HAS SIX MLS 
PROJECTS IS THAT RIGHT?
HAVEN'T HEARD A LOT ABOUT WHO 
THIS FIRM IS AND SO AND THEN I 
THINK WE'VE BEEN GIVEN A RATING 
SHEET TOO AND THAT'S HELPFUL.
BUT WE WILL SEE THIS CONTRAT AT
A LATER DATE SO THIS IS JUST A 
STEP TO MOVE THIS FORWARD SO THE
PUBLIC WILL HAVE NOTICE OF THE 
CONTRACT.
>> SO WE CAN INTERN TO CONTRACT 
NEGOTIATIONS.
THIS IS JUST THE NEXT STEP IN 
THAT PROCESS.
I WANT TO MAKE SURE.
>> THIS MAY NOT BE ANSWERABLE 
TODAY OR BY ANYONE HERE BUT THE 
RFQ.
I HAVE NOT SEEN THIS BEFORE SO 
IT'S HELPFUL.
NICE TO LOOK THROUGH THE SCORES 
AND HOW ALL THAT TOOK PLACE.
I SEE AS A WEAKNESS.
THEY'VE LISTED COMMUNITY 
ENGAGEMENT AND FAIL TO 
DEMONSTRATE THE FAIRGROUNDS 
NEIGHBORHOOD IMPACT AND I THINK 
WE SEE HOW IMPORTANT AND VITAL 
THAT IS SO WHEN PEOPLE ARE 
AWARDED A CONTRACT DO THEY GET 
TO TALK ABOUT THESE TYPES OF 
THINGS AND SAY WE'RE SO EXCITED 
TO WORK WITH YOU BUT YOU BETTER 
IMPROVE THIS AND THIS AND THIS.
WE SAW THISS A S A AS, WEAKNESS.
>> WE SAT DOWN TO MAKE SURE 
WE'RE ON THE SAME PAGE.
>> IT WAS NICE TO READ THROUGH 
EVEN THOUGH WE JUST STARTED 
READING IT.
>> YES.
>> HOT OFF THE PRESS.
>> SO WE HAVE A MOTION AND 
SECOND.
ANY FURTHER DISCUSSION?
SEEING NONE.
ALL IN FAVOR TO APPROVE THE 
RESOLUTION SAY AYE.
ANY OPPOSED.
EYES HAVE IT AND MOTION CARRIES.
AND AT THIS TIME WE WILL GO TO 
OUR FINANCE COMMITTEE CHAIR FOR 
HER FINANCE COMMITTEE REPORT.
SO WE HAD A FINANCE COMMITTEE 
MEETING BEFORE THIS ONE AND 
APPRECIATE ALL THE BOARD MEMBERS
BEING THERE.
THOSE THAT WERE IN ATTENDANCE 
AND WE DID NOT HAVE TO APPROVE 
ANYTHING TODAY IN OUR MEETING WE
JUST HAD A GREAT PRESENTATION WE
FIRST TALKED ABOUT FEAT SEAT USE
FEE AND THEIR AUDITORS FROM EARN
ST
STEN AND YOUNG.
THEY'RE A GREAT INCLUSIVE AND 
THEY AUDIT THE FEE THAT WE GET 
THE TICKET TAX AND WHAT THE 
TITANS DON'T HAVE TO DO THAT BUT
THEY DO THAT OUT OF GOOD FAITH 
AND THERE'S NO DISCREPANCIES AND
THEN THE OTHER BIG PART OF THE 
MEETING WAS SHANE BROUGHT 
CAPITAL PROJECTS UPDATES.
THINGS THEY WANT TO WORK ON FROM
JUNE 2018 TO MARCH 2019.
WE WERE ABLE TO LOOK AT A LIST 
OF CAPITAL PROJECTS.
MOST OF THEM WERE ON THE 
FACILITIES ASSESSMENT.
A FEW WERE NOT.
MOST OF THEM ALMOST HALF OF THEM
HAD GOTTEN ESTIMATE COSTS FOR US
AND THAT CAME TO 1.1 MILLION AND
STILL THERE'S SOME WITHOUT 
ESTIMATES SO THAT'S PROBABLY 
WELL MORE THAN 1.1 MILLION.
WE WERE THE BOARD IS NOT 
REQUIRED TO APPROVE ANYTHING IT 
WAS TRANSPARENT AND ITEMS FOR US
TO LOOK LIKE AND THE THOSE 
VETTED.
ASK FOLLOW-UP QUESTIONS AND 
MAYBE PEOPLE THERE THAT DIDN'T 
HAVE QUESTIONS FOR THE TITANS.
SO WE DON'T NEED TO APPROVE 
ANYTHING AND I THINK THAT 
CONCLUDES MY REPORT.
>> THANK YOU LISA FOR THAT 
REPORT.
ARE THERE ANY QUESTIONS? 
>> OKAY.
MOVING ALONG.
WE ALSO THIS MORNING MET AND HAD
A PERSONNEL COMMITTEE PRIOR TO 
THIS MEETING AT 10:15.
THE PERSONNEL COMMITTEE MADE UP 
OF THE OFFICERS OF THIS BODY AND
ADDI 
OTHERS.
MONICA ALONG WITH NINE OTHER 
NASHVILLE LEADERS HAS BEEN 
SELECTED TO ATTEND THE YOUNG 
AMERICAN LEADERS PROGRAM AT 
HARVARD UNIVERSITY FROM JUNE 
11TH TO 14.
12 CITIES FROM ACROSS THE 
COUNTRY HAVE BEEN INVITED TO 
PARTICIPATE THE PROGRAM IS ON 
U.S. COMPETITIVENESS AND STUDIES
AND COLLABORATION AS A WAY OF 
ACHIEVING SHARED PROSPERITY.
THAT'S THE PERSONNEL COMMITTEE 
VOTED AND RECOMMEND AND APPROVAL
TO FOR THE AUTHORITY TO SET THE 
SELECTION PROCESS AND ENDORSES 
THE BENEFITS AND TRAINER FOR 
AUTHORITY IN CITY IN TOTAL COST 
OUT OF POCKET IS ESTIMATED ABOUT
$850 AND THE DEPARTMENT BUDGET 
CAN ABSORB THIS EXPENSE.
THERE ARE NO OTHER QUESTIONS AT 
THIS TIME.
WE WILL CONSIDER THE PERSONNEL 
COMMITTEE RECOMMENDATION FOR 
APPROVAL.
ANY DISCUSSION?
>> SECOND.
>> OKAY WE HAVE A MOTION AND A 
SECOND TO APPROVE THE EXPENSE 
AND ALL IN FAVOR, SAY AYE?
ANY OPPOSED?
CONGRATULATIONS MONICA.
[APPLAUSE]
>> WE'RE PROUD OF YOUR SELECTION
AND KNOW YOU WILL REPRESENT US 
ALL WELL SO LOOKING FORWARD TO 
HEARING BACK ON THAT TRIP.
NEXT STEP, WE ARE TO FACILITY 
QUESTIONS.
THIS IS THE PART IN OUR AGENDA 
WHERE WE TALK ABOUT OUR OTHER 
FACILITY PARTNERS IF THERE ARE 
ANY QUESTIONS FOR I THINK TODAY 
WE'RE GOING TO DIVE INTO BRIDGE 
TOWN IF THERE'S QUESTIONS 
RELATING TO THE OPERATIONS AT 
NISSAN STADIUM OR FIRST 
TENNESSEE BALLPARK.
THIS IS THE TIME WHEN WE WOULD 
DISCUSS THAT AND I WOULD LIKE TO
NOTE THAT I HAD A GREAT TIME-OUT
AT THE BALLPARK ON SUNDAY AND 
WAS PLEASED TO FINALLY GET TO 
SEE AN MLS OR THE NATIONAL F C 
TEAM PLAY THERE AND IT WAS 
REALLY NEAT TO SEE HOW THE TEAM 
IS WORK TOGETHER ACCOMMODATE THE
SOCCER TEAM SO IT WAS A 
FANTASTIC EXPERIENCE SO I HOPE 
YOU'RE ABLE TO CHECK OUT A GAME 
AND BASEBALL IS PLAYING STRONG 
AND I THINK CERTAINLY ENCOURAGE 
EVERYONE TO PARTICIPATE IF THEY 
HAVE NOT YET.
I BELIEVE ALSO AT THIS TIME IF 
THERE'S ANYTHING OR ANY OTHER 
COMMENTS ON FIRST TENNESSEE PARK
BUT MR. UNDER WOOD IS HERE WITH 
US TO JUST TOUCH BASE ON A 
LETTER THAT WAS SUBMITTED A 
COUPLE OF MONTHS AGO FOR JUST A 
DISCUSSION ITEM AND TO PUT ON 
THE BOARD'S RADAR.
CONSIDERATION OF PLANNING FOR 
MAJOR LEAGUE SOCCER AND HOW THAT
WILL IMPACT USING NISSAN STADIUM
IN THE FUTURE.
MR. UNDER WOOD THANKS FOR 
JOINING US.
>> THIS PAST NOVEMBER OUR 
ORGANIZATION OUR STADIUM COMPANY
APPROACHED BY PRESCHOOLS AND 
SOCCER FRANCHISE AND TO SEE IF 
THEY CAN PLAY IN OUR BUILDING.
WHICH WE WOULD BE THRILLED TO 
ACCOMMODATE.
WE ARE ALREADY RECEIVING SOME 
REQUESTS FOR OTHER EVENTS IN 
2020 AND WILL HAVE OUR BUSIEST 
YEAR IN HISTORY BUILDING THIS 
YEAR AND NEXT YEAR WILL HAVE A 
NEW RECORD NUMBER OF EVENTS IN 
OUR BUILDING.
WE BELIEVE THE SAME THING FOR 
2020 EXCLUSIVE OF THE MAJOR 
LEAGUE SOCCER.
MAJOR LEAGUE SOCCER PLAYS 
CURRENTLY A 34 GAME SCHEDULE AND
THAT MEANS THERE'S 17 HOME GAMES
IN OUR BUILDING.
ASSUMING WE CAN ACCOMMODATE THEM
ALL IN MY LETTER I MADE CLEAR 
THAT THERE WOULD BE SOME 
SCHEDULING CONFLICTS WE WOULD 
HAVE TO WORK THROUGH AND ONE OF 
THOSE OF COURSE WOULD BE THE 
MUSIC FESTIVAL THAT OCCUPIES OUR
BUILDING FOR NEARLY THREE WEEKS 
IN THEIR LOAD IN.
SO THAT WOULD BE A LITTLE BIT OF
A HURT FOR US TO GO OVER.
AS YOU KNOW THE MUSIC FESTIVAL 
IS CONDITIONED AS IF CIVIC IN 
TERMS OF OUR JUDGEMENT IT DOES 
NOT QUALIFY TO BE A SPECIFIC 
EVENT BUT WE TREAT IT THAT WAY 
AS PART OF THE COMPROMISE WITH 
METROPOLITAN GOVERNMENT FROM 17 
OR 18 YEARS AGO.
WE'RE WILLING TO WORK WITH THEM 
BUT IF WE HOST THEIR GAMES AND 
OUR HOME GAMES WE'RE NEAR THE 
LIMIT OF EXCLUSIVE DATES UNDER 
THE LEASE WHICH IS 30.
WE WILL HAVE MORE THAN 30 EVENTS
IN BUILDING IN 2020.
SHOULD WE HOST THE MAJOR LEAGUE 
SOCCER GAMES AND I DON'T THINK 
IT'S NECESSARY FOR ANYTHING TO 
HAPPEN OTHER THAN FOR US TO 
RE-EMPHASIZE WHAT'S IN MY LETTER
TO DECEMBER 26TH OF LAST YEAR 
AND MY LETTER TO COMMISSIONER 
GARVER OF LAST YEAR THAT WE MADE
THE COMMITMENT AS FAR AS THEIR 
FINAL PUSH TO OBTAIN THE 
FRANCHISE BUT WE WOULD LIKE IT 
ON YOUR RADAR BECAUSE IT WILL 
BECOME A CHALLENGE UNDER THE 
LEASE AS WE BEGIN TO SCHEDULE 
EVENTS FOR 2020.
SO IF THERE'S NO OTHER QUESTIONS
THAT'S REALLY ALL I WANTED TO 
ACCOMPLISH THIS MORNING WAS TO 
EMPHASIZE THE IMPORTANCE OF THIS
TO US THE RESTRICTION THAT IS 
CONTAINED IN THE STADIUM LEASE 
AND JUST SORT OF MAKE YOU AWARE 
OF WHAT WE NEED TO THINK ABOUT 
AS WE MOVE FORWARD.
WHAT MY LETTER SUGGESTS IS A 
LETTER FOR MAJOR LEAGUE SOCCER 
DATES.
CERTAINLY WE WOULD NEED TO MAKE 
SURE THERE'S NO CONFLICTS.
>> WOULD YOU, I'M STILL A LITTLE
CONFUSED.
WHAT IS THE 30 RESERVE DATE 
LIMITATION?
DEFINED IN THE LETTER.
>> I KNOW ALMOST NOTHING.
PUBLIC BONDING IS NEAR THE TOP 
OF THE LIST BUT MY RECOLLECTION 
FROM NEGOTIATIONS WAS THE 
LIMITATIONS FOR PRIVATE USE AND 
WITH PROBABLY HELP WITH SOME OF 
THAT.
AND BUT I DON'T THINK THAT IT 
WOULD NECESSARILY CREATE IT WITH
BONDS BUT THE GENERAL VICINITY 
OF WHERE THAT LIMITATION ROSE 
FROM AND IT WAS ALSO BUILT THE 
STADIUM IS MULTI USES SO WE WILL
HOST.
I MENTIONED ONE OF THE MORE 
RECENT.
WE WILL HOST ANOTHER 300 
GATH
GATHERINGS IN OUR STADIUM.
20 OR SO VERY LARGE EVENTS WE'LL
HOST IN THE OLD STADIUM.
SO THERE'S A BOLT GOING ON BUT 
THE EXCLUSIVE IS WITH THOSE THAT
WOULD INTERFERE WITH OTHER USES 
THAT COULD BE MADE OF THE 
STADIUM ON THAT DAY.
IT'S EXCLUSIVE TO OUR EVENT ON 
THAT DAY AS APPOSED TO THE OTHER
THINGS THAT COULD BE GOING ON IN
PARKING LOTS OR CLUBS.
SORT OF A SHUT OUT OF OTHER 
EVENTS ON THE 30 EXCLUSIVE THE 
MAXIMUM 30 EXCLUSIVE DATES.
>> SO IF I UNDERSTAND WHAT 
YOU'RE SAYING TITANS HAVE UP TO 
30 DAYS RESERVED FOR THEM AND 
THEIR USES AND YOU'RE SAYING YOU
JUST WANT CLARIFICATION THE 17 
DATES THAT WILL BE USED FOR THE 
SOCCER STADIUM DON'T COUNT 
AGAINST THE 30?
>> YES.
OR PUT ANOTHER WAY WE DON'T WANT
OUR WILLINGNESS TO ASSIST A 
FRIENDLY COMPETITOR TO KEEP US 
FROM HOSTING OTHER EVENTS IN THE
BUILDING.
I'D RATHER JUST GET IT OUT 
THERE.
WE DON'T WANT TO ATTEMPT TO BE 
GENERALIST AND DISABLE OUR 
ABILITY TO HOST OTHER EVENTS 
THAT WE'LL MOST SURELY HAVE.
AT THE SAME TIME WE DON'T WANT 
TO PUT METRO BONDS AT RISK.
IT'S A ONE TIME ASK.
IT IS SOMETHING THAT'S IMPORTANT
TO US BECAUSE OUR EVENTS 
BUSINESS IS CRITICAL TO OUR 
SUCCESS AS A STADIUM.
>> I JUST WANT TO SAY THAT I 
REMEMBER WHEN THE ANNOUNCEMENT 
OF MLS TEAM WAS MADE HOW MUCH 
THEY EMPHASIZED THE COMMISSION 
ER
AND EVEN WAS SO RECEPTIVE SO I 
JUST PERSONALLY WANT TO THANK 
YOU FOR STEPPING UP AND DOING 
THAT.
I THINK IT'S IMPORTANT TO 
EMPHASIZE THE COOPERATION OF 
THAT.
>> THERE'S A LOT THAT HELP US 
AND WE REGARD HAVING A MAJOR 
LEAGUE SOCCER FRANCHISE AS A 
POSITIVE.
NOT A NEGATIVE.
IT'S SOMETHING THAT'S GOOD FOR 
ALL NATIONAL HAVING ANOTHER 
FACILITY WILL BE GOOD FOR 
NATIONAL.
YOU SEE THE INTERACTION OF ALL 
THE OF SUPPORTERS IN WHAT WE 
HOPE WILL BE A FAVORABLE 
ANNOUNCEMENT AS HOSTING WHAT WE 
THINK IS THE LARGEST EVENT EVER.
THE 2019 DRAFT?
>> WE CAN MAJOR LEAGUE SOCCER 
FACILITY.
>> ON THE RADAR AND IT'S TRUE 
NOT JUST FOR THE NFL DRAFT BUT 
SCORES OF OTHER TEAMS COME TO 
MIND IT'S AN ENTERTAINMENT AND 
DESTINATION MECCA HERE AND 
EVERYTHING THAT WE CAN DO TO 
HELP FOSTER THAT WORKS.
BUT THANK YOU FOR SAYING SO.
IF THERE ARE NO OTHER QUESTIONS 
ABOUT MY PRESENTATION I WOULD 
LIKE TO TAKE THE OPPORTUNITY TO 
THANK ALL OF YOU FOR YOURSELF 
AND YOUR DEDICATION AND DEVOTING
YOURSELVES TO SERVICE.
THANK YOU FOR OUR OWNERS AND FOR
OUR ORGANIZATION.
>> I THINK IT'S A NICE 
CONVERSATION TALKING ABOUT ALL 
THE EVENTS AT MASON STADIUM.
THANKS FOR BRINGING THAT ITEM TO
OUR ATTENTION AND WE APPRECIATE 
ALL HAVING MLS HERE SO THANK YOU
VERY MUCH AND I THINK THAT 
BRINGS US ON TO OUR BRIDGESTONE 
ARENA REPORT.
SHAUN HENRY IS HERE TODAY AND 
WILL START OFF THE PRESENTATION.
>> GOOD MORNING. I SHOULD BE IN 
LAS VEGAS CELEBRATING.
ALL THE E-MAILS YOU SENT ME LAST
THURSDAY I WAS ASKED TO KICK-OFF
AND TALK ABOUT THE PAST YEAR.
WE'RE ABOUT SIX WEEKS AWAY FROM 
THE END OF THE FISCAL YEAR AND 
UPON GREAT REFLECTION AFTER 
BEING SORE ABOUT STILL PLAYING 
WE HAVE A CHANCE TO CELEBRATE A 
GREAT YEAR ON ALL FRONTS.
BUT BEFORE I DO THAT THERE'S A 
LOT OF PEOPLE TO THANK FOR 
CREATING WHERE WE ARE TODAY AND 
WHAT WE'VE ACCOMPLISHED OVER THE
PAST TEN YEARS AND THERE'S TWO 
INDIVIDUALS THAT REALLY 
CONTRIBUTE TO OUR SUCCESS AS 
MUCH AS ALMOST ANYONE ELSE AND 
UNFORTUNATELY BOTH PASSED AWAY 
THIS WEEK.
FORMER COMMISSIONER SLIDE AND 
PASSED AWAY RECENTLY AND WHAT HE
DID FOR OUR CITY HIS COMMITMENT 
TO THE MUSIC CITY BOWL AND US IN
THIS BUILDING WHEN I FIRST MET 
MIKE IN NASHVILLE, MET HIM IN 
TAMPA BEFORE THAT HE ASKED US TO
BID ON A TOURNAMENT COMING UP 
AND WE SAID WE WANT TO BID ON 30
OR 40 AND HE SAID IF YOU DON'T 
KNOW I'M A GRACIOUS MAN AND I 
SAID WE'RE SERIOUS.
NO YOU'RE GOING TO BUILD ON 
MULTIPLE YEARS AND OVER IN THE 
COURSE OF THREE OR FOUR DAYS AND
PUT A LOT IN THE CONFIDENCE WE 
HAD THAT YOU GUYS GAVE US IN THE
PRESENCE OF THE SPORTS AUTHORITY
FOR METRO AND HE DID SOMETHING 
THAT HE DIDN'T PLAN DOING THAT'S
WHAT MADE HIM SO SPECIAL.
HE CHANGES PLANS AND GAVE US 12 
STRAIGHT SEC CHAMPIONSHIPS AND 
THAT GAVE US AND OUR 
ORGANIZATION SO MUCH 
CREDIBILITY.
HE WAS A GREAT MAN AND DID A LOT
FOR US AND A LOT FOR THE BOARD 
AND THE CITY.
WANT TO THANK HIM AND THEN A 
GENTLEMEN MR. GLOVER AN EMPLOYEE
FOR US.
BEEN THERE ABOUT 16 YEARS.
MAY NOT KNOW HIS NAME BUT IF 
YOU'RE EVER IN OUR BUILDING YOU 
KNOW HIS LAUGH AND PERSONALITY 
AND PHYSICALLY AND EMOTIONALLY 
AND HE PASSED AWAY IN A CAR 
ACCIDENT ON MONDAY.
CONTAGIOUS PERSONALITY AND ON 
HIS BACK WE LITERALLY BUILT 
EVENTS.PHE WAS AN INCREDIBLE GU.
THANK YOU TO BOTH OF THEM.
IT'S HARD TO CELEBRATE BOTH OF 
THEM WITHOUT RECOGNIZING TWO 
PEOPLE IN DIFFERENT WAYS.
>> IF ANYTHING REPRESENTS HOW WE
FEEL ABOUT THIS SEASON BETTER 
THAN THIS AWFUL BOOK WE GAVE YOU
TODAY IT'S ACE AWFUL BOOK WE 
GAVE YOU TODAY?
I WAS GOING TO BE IN VEGAS AND 
TELL US HOW IT WENT.
THIS WAS FOR YOU TO KEEP THE 
JOURNAL?
AND I DEAL WITH STANLEY CUP AND 
PARADE AND BEYOND BUT TODAY IT'S
NOTHING MORE THAN A REMINDER 
THAT THESE THINGS ARRIVE FRIDAY 
MORNING.
SO FRIDAY MORNING WE ALL HAD A 
HANGOVER LITERALLY FIGURATIVELY 
ABOUT THE SEASON THAT REALLY WAS
A WONDERFUL YEAR AND I REALIZE 
GENIEVE WAS KIND TELLING ME WHAT
A GREAT YEAR IT WAS.
MY WIFE WAS THE SAME TO ALL OF 
US AND EACH OTHER AND IT WAS A 
GREAT YEAR.
THANK YOU TO MY MOM BECAUSE YOU 
REMIND ME HOW AWFUL IT WAS 
BECAUSE I'M NOT STILL PLAYING 
AND THE FURTHER THING WE GET 
WE'LL RECOGNIZE IT BUT I DO WANT
TO PULL MIKE'S SLIDE OUT A 
LITTLE BIT AND THERE'S A LOT TO 
TALK ABOUT AND CELEBRATE.
SO I WANT TO SAY THANK YOU AND I
TALK ABOUT THIS IS A LOT AND 
WHEN I GOT HERE 8 YEARS AGO WE 
DID NOT HAVE A VERY GOOD 
RELATIONSHIP PUT MILDLY 
EVERYTHING WE EARN 7 OR 8 YEARS 
YOU WORK SO HARD TO GIVE US 
CREDIBILITY TO ALLOW US TO MOVE 
FORWARD AND BECOME THE FRANCHISE
WE ARE TODAY?
ANYTHING IS A BETTER REFLECTION 
OF THAT?
MY SHORTHAND.
EVERYONE OF THESE 
ACCOMPLISHMENTS THERE'S NO DOUBT
ABOUT IT.
ALL THE BUSINESS SUCCESSES WE'VE
HAD SOLD OUT OVER 100 STRAIGHT 
GAMES AND WAIT LIST IS EXPLODING
IN THOSE THAT WANT TO BUY SEASON
TICKETS BUT THERE'S OTHER NICE 
AWARDS WE GOT FOR THE FIRST TIME
EVER WON THE PRESIDENT'S TROPHY 
THAT THERE'S NO CURSE WITH 
PRESIDENT TROPHIES AND I REALIZE
THE PAST SIX WINNERS GOT 
ELIMINATED FOR THE PLAYOFFS BUT 
WE LOWERED.
HAVING A GREAT REGULAR SEASON 
PUTS YOU IN A GOOD POSITION BUT 
YOU PLAY FOR A REASON AND YOU 
NEVER KNOW HOW IT'S GOING TO WIN
BUT WE WON OUR FIRST EVER 
WESTERN CONFERENCE REGULAR 
SEASON CHANGE AND DIVISION 
CHANGE AND THOSE THINGS ALL 
ABSOLUTELY TREMENDOUS.
SPORTS FRANCHISE.
NAMED SO MANY OUTLETS I GET 
CONFUSED WITH THE ACRONYMS AND C
MA TO TALENT BUYERS TO PROMOTE 
ER TOURS THERE'S 17 OUTLETS THAT
MADE US AN ARENA OF THE YEAR FOR
12 STRAIGHT BY ONE OF THESE AND 
FIRST TIME EVER BY EVERYONE THAT
GRANTS THAT AWARD.
IT'S PRETTY GOOD WHEN YOU THINK 
OF OUR ULTIMATE GOAL WHEN OUR 
GOAL IS TO BE THE NUMBER 1 VENUE
AND WE ACCOMPLISHED HALF OF THAT
AND SOMEONE SAID WHY WILL YOU 
SET THAT GOAL YOU'LL FAIL ALMOST
EVERY YEAR.
AND I SAID BY HAVING THAT AS OUR
GOAL EVEN IF WE FALL SHORT WE 
ACHIEVE SOMETHING MUCH GREATER 
THAN WE THOUGHT WE COULD.
A LOT OF EXECUTIVES WERE HONORED
THIS YEAR.
DAVE KELLS WAS EXECUTIVE OF THE 
YEAR AND THINK BUY IS MS TOO?
I'LL SAY SURE.
DAVID PULL WON EXECUTIVE OF THE 
YEAR AND A NOW HOLDS THE 
ALL-TIME WINS RECORD FOR GMS IN 
THE HUNDRED YEAR HISTORY OF NHL 
WHICH IS INCREDIBLE WHEN YOU 
THINK OF ALL THE GREAT PEOPLE IN
THAT POSITION AND DAVID NOW SITS
ON TOP OF EVERYBODY.
MORE SO THAN ANYTHING ELSE SHORT
OF THE ULTIMATE THING WE HOPE TO
WIN SUNDAY IS THE WORK PLACE OF 
THE YEAR AWARD THAT'S SOMETHING 
WE TAKE GREAT PRIDE IN.
NOMINATED 12 TIMES AND THAT'S A 
SPECIAL THING BECAUSE THAT SHOWS
WHAT WE ARE AS AN ORGANIZATION 
AND SHOWS WHY WE CAN ACCOMPLISH 
SOME OF THE THINGS ABOUT THERE.
SPIRIT OF THE CHAMBER AWARD AND 
REBECCA AND RIGHT?
FOR ABOUT 6 YEARS FOR REBECCA 
KING WON METRO P.D.S SPIRIT 
AWARD OR DEVELOPING BLUE LINE 
BUDDIES, PK STANDS BEHIND 
BRINGING POLICE OFFICERS AND 
FAMILIES WITH SOME AREAS THAT 
MIGHT NOT HAVE THE BEST 
RELATIONSHIP WITH POLICE 
OFFICERS COME OUT AND WATCH THE 
TEAM AND BUILD LASTING BONDS AND
THE SOMETHING OUR LEAGUE AND A 
FEW OTHER LEAGUES ARE SPONSORING
AND THAT'S SOMETHING PK HAS 
VISITED WITH THE COMMISSIONERS 
OF THREE OF OUR MAJOR FOUR 
SPORTS LEAGUES AND I SEE THAT 
COPIED BY 122 TEAMS ACROSS ALL 
SPORTS AND THEN WE HAVE A FEW 
MORE AWARDS TO COME WE HOPE.
KNOCK ON WHAT COULD BE WOOD.
YOU HEARD ABOUT OUR AWARD NIGHT 
AGAIN.
I WAS GOING TO BRING IT UP.
I DIDN'T REALIZE IT WAS SO 
PUBLIC.
WE WERE PROUD OF THAT AWARD AS 
WELL.
NOT JUST THAT MIKE FISHER IS 
HONORED BUT ALSO A GREAT PERSON 
AND I THINK THE LEGACY OUR TEAM 
IS NOT JUST SOME OF THE LESSONS 
TAUGHT THE GUYS ON HOW TO BE 
GREAT ON THE ICE AND GREAT IN 
THE COMMUNITY.
THAT'S WHAT MIKE STANDS FOR AND 
THE TEAM WE'RE PROUD OF THAT AS 
WELL BUT ARENA NIGHT IS THE WE 
HAVE GREATEST GOALIE.
AND I THINK THAT SHOWED WHERE HE
THOUGHT HE WAS AND NEVER ONCE 
TOOK CREDIT FOR IT WHERE WE WERE
IN A POSITIVE FASHION.
PK READY FOR TWO AWARDS.
NORRIS.
BEST DEFENSE MAN AND THE KING 
CLASSY AWARD.
ALMOST THE MAN OF THE YEAR 
AWARD.
NHL GOING TO VEGAS RIGHT NOW TO 
PLAY THEM AND IDEALLY WE WIN 
SOMETHING IN VEGAS THIS YEAR.
SO WHEN YOU LOOK AT IT, IT HAS 
BEEN GREAT.
IT HAS BEEN AND I KNOW THAT I'M 
GOING TO GET YELLED OUT BY BEING
THE EOR, BUT THERE'S A STING 
WITH LOSING AND WHEN YOU SET 
YOUR EXPECTATIONS TO HAVE A 
GREAT REGULAR SEASON TO COMPETE 
AT THE HIGHEST LEVELS AND PUT 
YOURSELF IN HOME ADVANTAGE 
THAT'S THE GOAL AND ANYTHING 
SHORT OF THAT IS SAYING OKAY 
WHAT DID WE DO WRONG AND 
SOMETIMES YOU DON'T DO ANYTHING 
WRONG.
WE PLAY THE SECOND BEST TEAM IN 
THE LEAGUE.
REGULAR SEASON AND WHERE THE 
COIN WAS FLIPPED WE COULD HAVE 
BEEN THE SECOND BEST.
PLAYED SECOND GAMES AND WHEN WE 
LOOK AT OUR TEAM THERE'S NOTHING
YOU WOULD CHANGE FOR DIFFERENT 
OUTCOME.
I THINK WE PLAYED THOSE GUY AS 
HUNDRED TIMES BUT OR LEAN MAKES 
US PLAY THAT ODD GAME SO SOMEONE
HAS TO WIN AND IT WAS THEIR TURN
THIS TIME.
WE'RE NOT ASHAMED OF LOSING BUT 
WE'RE DISAPPOINTED IN WHERE WE 
SIT BUT WHAT WE'RE AFRAID OF 
TALK ABOUT DAVID BOIL AND ALL 
HIS SUCCESS IT COMES FROM THE 
WAY HE APPROACHES THE LONG-TERM 
VIABILITY OF OUR FRANCHISE AND 
THE LAYER OF CONTRACTS FOR THE 
NEXT UP TO 8 YEARS WE HAVE THE 
OPPORTUNITY TO BE ONE OF THE 
ELITE TEAMS.
THERE'S NO DOUBT ABOUT IT.
JUST THE SAME YEAR WIN THAT 
TROPHY SO I CAN CHECK THAT OUT.
SINCERELY THANK YOU FOR ALL OF 
YOU FOR CREATING THE ENVIRONMENT
TO ALLOW US TO DO WHAT WE DO.
WE'RE NOT ALWAYS TRADITIONAL AND
WE LIKE THAT.
WE DO THINGS THAT OTHER PEOPLE 
AT FIRST LAUGH AT AND THEN THEY 
LOOK AT AND ASK WHAT YOU'RE 
DOING AND WHY AND THEN THEY ASK 
HOW AND THEN THEY COPY IT C.
HOT BED OF HOCKEY WHICH IS 
CANADA, SO THEY CLAIM.
LAST YEAR WINNIPEG CAME HERE TO 
UNDERSTAND WHAT WE DID DURING 
THE STANLEY CUP.
THERE'S NO BETTER COMPLIMENT 
THAN A CANADA TEAM SAYING HOW 
DID YOU GET 100,000 PEOPLE TO 
HANG OUT BEFORE A GAME AND WE 
SHOWED THEM WHAT WE DID AND 
PUBLIC WORKS AND POLICE AND FIRE
AND THE CITY AND SOMETIMES THE 
SPORTS COUNCIL AND C BC AND THEY
SAID THAT'S TOO MANY INITIALS 
AND OUR CITY KEEPS SAYING NO 
EVERY TIME WE DO SOMETHING 
OUTSIDE AND SO OUR MARKETING 
DEPARTMENT SPENT A LOT OF TIME 
WITH THEM SAYING THIS IS WHAT 
YOU SHOULD DO AND WHY.
THEY'RE BIGGEST THING TO GET 
OVER IS WHY ARE WE COPYING 
NASHVILLE.
THEY DON'T EVEN HAVE ICE UNTIL 
WE DID IT.
FROM A CITY STANDPOINT THE MAYOR
WENT TO US AND SAID THANK YOU 
FOR SHOWING US HOW TO CELEBRATE 
THIS GREAT GAME OUTSIDE.
OF ALL THE GREAT ACCOMPLISHMENTS
CONVINCING THE CANADIANS WE DO 
HOCKEY BETTER IS ONE OF THE BEST
ONES.
I KNOW ANYONE WASHING NASHVILLE 
ON T.V. WILL BE OFFENDED BUT WE 
KNOW WE HAVE THE BEST MANS IN 
SPORTS AND HOCKEY AND IT'S FUN 
TO SEE VEGAS CELEBRATE IN A 
SIMILAR MATTER.
EVENTUALLY MONTREAL WILL TOO AND
THEN WE ACHIEVE SOMETHING.
THANK YOU FOR PUTTING US IN 
POSITION TO DO ALL THE GREAT 
THINGS IF YOU HAVE QUESTIONS 
ABOUT THE TEAM OR THE BUILDING I
CAN ANSWER SOME OF THOSE BUT YOU
HAVE DAVID KELLS AND KYLE AND 
REBECCA COME UP AS WELL.
ANY QUESTIONS?
[APPLAUSE]
>> REFLECT ON A GREAT SEASON.
>> I'M DAVID WITH THE NATIONAL 
PREDATORS.
THANKS FOR HAVING ME IN ADDITION
TO WHAT SHAUN MENTIONED JUST 
YESTERDAY VENUES NOW WHICH IS A 
TRADE MAGAZINE ANNOUNCED NOMINEE
PROCESS THE 2018 WOMEN OF 
INFLUENCE AND ASHLEY STOKELY 
MADE THAT LIST AND WE'RE GLAD TO
SEE THAT AND THAT CONFERENCE IS 
IN JUNE SO WE'LL SEE THOSE 
RESULTS SOON.
RUNNING OVER SOME OF THE EVENTS 
WAS MAY FOURTH THROUGH TENTH.AS-
FIVE SOLD OUT EVENTS OVER 7 DAYS
WITH OVER 76 THOUSAND PEOPLE 
THROUGH THE DOORS OF BRIDGESTONE
ARENA.
FIVE FINGER DEATH PUNCH.
JUSTIN TIMBERLAKE AND FOO 
FIGHTERS.
TOTALLY GREAT EXPERIENCE.
OVER THE PAST SEVERAL WEEKS 
WE'VE HAD SALES FOR FLEETWOOD 
MAC, PINK AND CHARLES GAMBINO 
AND DRAKE AND SHAUN MENDEZ.
PLEASE GET OUT YOUR LONG-TERM 
CALENDAR THAT WILL BE AUGUST 2ND
OF 2019.
WE'RE LOOKING FORWARD TO HOSTING
THE C M T AWARDS.
>> NO WE'RE NOT.
[LAUGHTER] 
>> WE HAVE A BACKUP PLAN WITH 
THOSE IF WE'RE NOT IN THE 
PLAYOFFS AND THEY COME INTO THE 
ARENA BUT SINCE WE'RE NOT IN THE
PLAYOFFS WE'RE HOSTING THE C M T
AWARDS.
WE'RE LOOKING FORWARD TO A LOT.
MUSIC ICONS U2 AND PAUL SIMON 
WILL BE HERE AND WE'RE HAPPY 
WITH NEW PERFORMERS RISE UP TO 
THE ARENA.
LONG-TERM PERFORMERS ARE COMING 
OUR WAY SO WE HAVE CHRIS YOUNG.
HARRY STYLES.
KESHA AND SAM SMITH.
WE'RE LOOKING FOR NEW CONTENT TO
PROVIDE ENTERTAINMENT FOR ALL OF
MIDDLE TENNESSEE AND LAST 
SEVERAL MONTHS WE REACHED OUT TO
LATINO AND HISPANIC PROMOTERS 
AND AND WE'RE HAVING THE FIRST 
LATINO EVENT WITH BAD BUNNY IN 
SEPTEMBER.
WE HAVE 40 EVENTS ON SALE WITH 
247 THOUSAD TICKETS ALREADY 
SOLD GOING ALL THE WAY TO AUGUST
OF 2019.
ANYBODY HAVE QUESTIONS ON THE 
CALENDAR AND EVENTS COMING UP?
THANKS FOR YOUR TIME AND UP NEXT
IS KYLE.
>> ONE THING BRIDGESTONE ARENA.
ONE THING KEL FAILED MENTION 
WITH THE SHOWS ON SALE GOING 
FORWARD WE HAVE ABOUT 30 MILLION
DOLLARS COMMITTED THE 240 
THOUSAND TICKETS AND LAST YEAR 
AT THIS TIME WAS HALF THAT ON 
SALE SO THAT GOES TO SHOW YOU AS
OUR HOCKEY TEAM AND EVERYTHING 
PROGRESSES IT'S ONE THING THAT 
BOTH ENTITIES FEED OFF OF SO IT 
IS A PERFECT STORM.
FINANCIALS THROUGH MARCH SO FAR.
WE'RE ABOUT 160 THOUSAND PEOPLE 
AHEAD OF LAST YEARS FAR AS 
ATTENDANCE BETWEEN THE HOCKEY 
AND CONCERTS, AS FAR AS REVENUE 
AS YOU SEE IN YOUR PACKETS.
MENTIONED WE'RE ABOUT 27 PERCENT
WHERE WE WERE LAST YEAR ON 
REVENUE ALONE AND THE KEY DRIVER
THERE ARE REALLY RENT REVENUE 
FOR EVENTS AND RENT REVENUE FOR 
HOCKEY WHICH IS BASED OFF TICKET
SALES AND FOOD AND BEVERAGE 
REVENUE AND WE'RE INCREASING OUR
FORECAST AS WE GET NEW BUDDIES 
IN THE BUILDING AS WELL AS WE'RE
ATTACKING OUR DEBT SERVICE.
CHARGE REVENUE IS UP 60 PERCENT 
FROM LAST YEAR FANTASTIC AND OUR
BOX OFFICE REVENUE AS WE SELL 
THE TICKETS OR TICKET FEES.
SO REVENUES AND EXPENSES GOES UP
A LITTLE BIT AND REVENUES UP 27 
PERCENT OUR EXPENSES UP 8% SO 
GREAT BALANCE THE WAY WE'RE 
OPERATING THE FEW EXPENSES ARE 
STAFFING AS WE DO THESE WE'RE 
ADDING MORE TO THE BUILDING AND 
STAFFING EXPENSES ARE HIGHER.
ALONG WITH MAINTENANCE AND 
REPAIR AS WE GET OLDER WE'RE 
REINVESTING IN SOME OF OUR 
PROCESSES AND MECHANICALS SO 
THAT'S UP 14%.
OVERALL EXPENSE UP 8%.
OUR BOTTOM LINE IS ABOUT 1.5 
MILLION.
WE HAVE THREE MONTHS TO GO SO 
WE'RE IN AMAZING PLACE 
FINANCIALLY.
TO GIVE YOU A QUICK UPDATE ON 
THE CIF, 2.1 MILLION TO THE CITY
AS PART OF OUR COLLECTIONS.
AT THIS POINT LAST YEAR ONLY 1.3
MILLION SO LAST YEAR AT THIS 
POINT THE END OF LAST YEAR WE 
WERE REMITTED AND WE REMITED IN 
ALL STILL HAVE THREE MONTHS TO 
GO SO WE'RE IN A GOOD PLACE 
THERE.
THE LONE BALANCE IS 6.8 MILLION 
AND HAVE CAPACITY OF 3.4 THAT WE
COULD BORROW BUT YOU SEE 
EVERYTHING IS TRENDING GREAT 
WITH THE BALANCE OF THAT.
IF YOU HAVE SPECIFIC QUESTIONS.
>> ANY UPDATE RENEGOTIATING OUR 
ABILITY TO BORROW MONEY GIVEN 
THOSE REVENUES.
>> WE HAVE CONTINUED 
CONVERSATIONS WITH FINANCE AND 
TALKED TO HIM AND WE'RE 
CONTINUING THAT PROCESS BUT WE 
DON'T HAVE ANYTHING NEW TO 
REPORT JUST YET.
IF NOTHING ELSE I'LL TURN IT TO 
DANNY BUTLER TO GIVE AN UPDATE.
THANK YOU.
>> DAVE BUTLER.
GENERAL MANAGER.
THANKS FOR HAVING ME.
I'LL BE BRIEF SINCE WE MET A FEW
MONTHS AGO I WANTED TO RECAP A 
FEW EVENTS OVER THE LAST FEW 
MONTHS.
WE HOST AND GIRL'S HOCKEY EVENT 
EARLY MARCH.
ALL THREE ICE RINKS IN THE CITY 
SO FORD ICE AND CENTENNIAL AND 
SMALL RINK.
OVER 150 GIRLS CAME OUT TO GET 
TO PLAY AND WE HAD TWO OLYMPIANS
THAT CAME OUT SO IT WAS REALLY 
EXCITING AND SPRING BOARD FOR 
WHAT WE'RE DOING THIS SUMMER.
GIRLS LEARN TO PLAY SO REALLY 
EXCITED ABOUT THAT AND HERE IN 
NASHVILLE ON TOP OF THAT WE HAVE
THE U.S. FIGURE SKATING ANNUAL 
MEETING AND THE PRAISES THAT 
U.S. FIGURE SKATING ACADEMY WERE
MORE THAN THEY'VE GIVEN ANYBODY 
ALMOST EVER AT THAT EVENT.
THEY'RE HIGH ON EVERYTHING HERE 
IN NASHVILLE.
WE THAT HIGHEST NASHVILLE OF 
FIGURE SKATING AND OVER THE PAST
YEAR THAT WAS INCREDIBLE TO SEE.
THEY ALSO ASKED SKATING DIRECTOR
TO SIT ON THE PLANNING AND 
GROWTH COMMITTEE.
HOCKEY IS ABSOLUTELY EXPLODED.
35 PERCENT MORE KIDS ARE PLAYING
THIS YEAR THAN LAST AND 30 
PERCENT GROWTH OVER THE YEAR 
BEFORE SO IT'S BEEN INCREDIBLE.
THE GOAL IS A HOCKEY PROGRAM HAS
BEEN SOLD OUT ALL LAST SEASON 
AND ALREADY ARE SOLD OUT THROUGH
JANUARY WHICH IS GREAT HAVING 
KIDS PLAY.
ONE THING I TOUCHED ON LAST TIME
IS A PROGRAM THAT WE'RE JUST 
STARTING CALLED SCOTS ALL-STARS 
FOR YOUTH WHO HAVE INTELLECTUAL 
DISABILITIES AND RECEIVED A 
GRANT AND RIGHT AFTER THAT WE 
MET LAST TIME LAUNCHED IT AND 
WE'RE SECOND SECTION.
THE SIX WEEK LEARN PROGRAM THAT 
GOES ABOVE AND BEYOND.
THERE'S HOCKEY SKILLS AND 
STRENGTHENING AND CONDITIONING 
IT'S WELL ROUTED AND INCLUDE THE
PARENTS AND EVERYTHING.
HAD 35 KIDS GO THROUGH AND WE'RE
THE GOING THROUGH THE PROGRAM 
OVER THE SUMMER FOR FIGURE 
SKATEING SO IT'S REALLY BEEN A 
GREAT PROGRAM.
IT'S REALLY HIGH ON U.S. FIGURE 
SKATING.
JUST WANT TO TOUCH ON A FEW 
EVENTS COMING UP.
CAMP OR TOURNAMENT.
FIRST SUMMER OPEN WE HAVE ONE 
CAMP.
THIS YEAR WE HAVE EVERY WEEK 
COUPLE OF THE HIGHLIGHTS.
HOCKEY SCHOOL WE HAD LAST YEAR 
SHOWED UP AND WE EXPECT THEM TO 
COME THIS YEAR.
HOCKEY HOSTS HOCKEY PROSPECTS TO
DEAL WITH COACHES OR JUNIOR 
COACHES AND THEN OTHERS THIS 
YEAR.
CURRENTLY COMPLETELY TOOK OFF 
DURING THE AN OLYMPICS AND WE 
HAVE STARTING THIS SUMMER AT THE
END OF JUNE IF YOU WANT TO GET A
TEAM TOGETHER I THINK THERE'S 
STILL SPACE.
WE'RE WORKING ON THE NATIONAL 
HOCKEY CHAMPIONSHIP, HOSTIN 
THAT COMING UP HERE AND M AI 
HOSTED VARSITY UP TO 1984 AND 
THEN DECIDED TO STOP THE 
PROGRAM.
 THIS WAS THE FIRST YEAR THEY 
BROUGHT IT BACK.
8 TEAMS LAST YEAR AND 12 THIS 
YEAR AND 16 THE FOLLOWING YEAR 
SO REALLY EXCITING TO HOST THE 
NATIONAL CHAMPIONSHIP FOR THAT 
AND WE'RE CURRENTLY WORK 
TOGETHER THAT AND REALLY EXCITED
WE'LL HOST A PRE HOCKEY CAMP AND
THAT IS TO GET PEOPLE TO SEE 
WHAT WE DO FROM AROUND MIDDLE 
TENNESSEE.
WE WANT THE OPPORTUNITY TO SEE 
WHAT PAULA AND ZACK DOES ON THE 
ICE.
IT'S GREAT WHAT WE'RE DOING AND 
SEE WHY WHAT WE'RE DOING IS SO 
SUCCESSFUL.
WE'RE BOOKED ALL THIS SUMMER AND
ALL OF NEXT SEASON SO WE'RE 
ALREADY BOOK TOGETHER 2020.
THINGS FOR GOOD AND WE'RE 
EXCITED ABOUT IT.
ANY QUESTIONS?
>> SO IT WAS REALLY AMAZING WHEN
THE WOMEN'S HOCKEY TEAM WON A 
GOLD METAL.
THE OLYMPIANS FROM THE HOCKEY 
TEAM?
>> THEY WERE.
THE TWO SISTERS ON THE TEAM.
>> THAT WERE ON THE TEAM.
>> YEAH.
>> BOARD CENTER.
THAT'S VERY EXCITING.
>> THERE'S A PROGRAM THAT NEEDS 
TO GROW AND ONE GIRL'S HOCKEY 
TEAM AND THAT PROGRAM REALLY WE 
SEE THE NEED FOR THAT TO GROW 
AND WITH THE 150 KIDS COMING OUT
SPECIFICALLY FOR GIRLS ONLY IS 
EXCITING.
>> WONDERFUL YOU CAN BRING THE 
OLYMPIANS IN.
>> NEXT WE HAVE THE HEART AND 
SOUL OF OUR TEAM.
REB
REBECCA.
♪ 
[MU
[MUSIC]
>> SO KIM PROMISED NOT TO MAKE 
YOU CRY TODAY WITH VIDEOS AND 
STORY BUT A LOT OF WHAT WE CAN 
DO CAN BE CONVAED WITH PICTURES 
AND VIDEOS THAN IN SPEECH BUT I 
STAND BETWEEN LUNCH AND YOU 
LEAVING HERE SO I'LL ABBREVIATES
AND THEN WE HAVE A SHORT VIDEO 
AT THE END.
WE PROVIDED A SHEET OF PAPER 
WITH ALL OF OUR FINANCIAL 
COMMITMENTS THIS YEAR.
THE SUCCESS OF THE TEAM ON THE 
ICE REALLY LEADS GREATER SUCCESS
OFF THE ICE WITH THE FOUNDATION.
WE GET INCREASED REQUESTS FOR 
MONEY AND DONATIONS BUT BECAUSE 
WE'RE ABLE TO RAISE SO MUCH MORE
MONEY WE'RE ABLE TO FULFILL SO 
MANY MORE.
WE'LL DISTRIBUTE OVER 1.2 
MILLION AND WELL OVER 2,000,000 
THROUGH IN KIND DONATION.
OUR GRANTS INCREASE BY 100,000 
DOLLARS FROM 500,000 LAST YEAR 
TO 600,000 THIS YEAR.
WE GAVE OVER 2 $40,000 FOR OUR 
LOCAL HOSPITAL AND WE ANTICIPATE
WE'LL INCREASE THAT BY 100,000 
DOLLARS AND WE DO THE CHECK 
PRESENTATION EVERY YEAR AND THE 
FUND WAS STARTED WITH SHAE WEB 
SORE A LOT OF THE PLAYER 
LEGACIES LIVE ON EVEN WHEN A 
PLAYER LEAVES OUR TEAM SO WE 
ANTICIPATE ABOUT $340 THOUSAND 
GOING TO CHILDREN'S HOSPITALS 
FOR PEDIATRIC CANCER RESEARCH.
SOME OF THE HIGHLIGHTS YOU MIGHT
NOT SEE IS THE ATTACHMENT OUR 
PLAYERS HAVE FOR THE CAUSES IN 
THE COMMUNITY.
WE HAD ROMAN BUILDING A LIMO AND
PEKA AND ROMAN ATTENDING THE 
FROM THAT HAPPENS THE NIGHT 
BEFORE GAMES.
IT'S NOT THE APPEARANCE I SET UP
SO THEY'RE EMOTIONALLY IMPACTED 
AND THROUGH THEIR TIME AND THEN 
ALSO THROUGH DONATING MONEY, 
ROMAN RAISED OVER $35,000 
DIRECTLY FOR BEST BUDDIES TO 
HELP OPEN MORE CHAPTERS IN 
ELEMENTARY AND MIDDLE SCHOOLS IN
THE MIDDLE TENNESSEE 
COMMUNITIES.
OUR FASHIONED SHOW THIS YEAR WE 
WENT OUT ON THE LIMB AND DID A 
NASHVILLE CASINO NIGHT.
OUR PLAYERS WANTED TO DO 
SOMETHING DIFFERENT SO WE 
DECIDED TO CREATE AN EVENT WE 
KNEW NOTHIN ABOUT.
WE FOUND DILLARD'S FULLY ON 
BOARD TO HELP US CHANGEUP THIS 
EVENT.
WE HAD NO IDEA IF WE WERE GOING 
TO RAISE HALF THE MONEY WE WOULD
FOR THIS BUT WE WANTED TO 
PRESENT SOMETHING DIFFERENT FOR 
OUR FANS.
OUR PLAYERS JUMPED ON BOARD AND 
THEIR WIVES GOT INVOLVED AND WE 
BROUGHT IN YOUTH AND THE KIDS 
STOLE THE SHOW.
THEY WALKED THE RUNWAY WITH THE 
PLAYERS AND JUST BROUGHT LIGHT 
TO OUR EVENT AND THIS EVENT, 
ENDED UP MORE THAN THE YEAR 
PRIOR.
BLUE LINE BUDDY TOUCHED ON IT 
AND IN OCTOBER PK CAME TO US AND
SAID I WANT TO DO THIS PROGRAM 
THAT UNITES POLICE AND YOUTH AND
HE SAID I WANT TO DO IT EVERY 
SINGLE GAME.
I SAID CAN WE DO IT ONCE A 
MONTH.
HE SAID NO EVERY SINGLE GAME.
HE SAID I WANT TO MEET THEM 
BEFORE AND AFTER.
HE SAID WHAT ABOUT AFTER?
HE'S LIKE NO I WANT TO MEET 
BEFORE AND AFTER THE GAME.
DONE.
EVERY GAME.
41 GAMES WE HAD MANY YOUTH MEET 
BEFORE THE GAME AND THEN AFTER 
THE GAME AND THE TRANSFORMATION 
THAT HAPPENED FROM THAT INITIAL 
MEETING AT 415 TO THE END OF THE
OF GAME AT 1015 WAS DRAMATIC.
I RECEIVED THIS IN THE MAIL AND 
I'LL NOT READ IT BECAUSE YOU CAN
DO THAT BUT THE ONE LINE IT SAYS
PK YOU ARE SINGLE-HANDEDLY 
CHANGING LIVES IN THE COMMUNITY.
THANK YOU FOR YOUR VISION AND 
LEADERSHIP.
CREATING POSITIVE INTERACTION 
BETWEEN YOUTH AND OFFICERS IS 
IMPORTANT INITIATIVE AND ALREADY
MAKING A DIFFERENCE.
WE'LL CONTINUE OUR RELATIONSHIP 
WITH SERGEANT BROWN GOING 
FORWARD.
LITERALLY ON THE PIECE OF PAPER 
BY THE CHILD AND BIG BROTHER 
THAT ARRIVED YESTERDAY WHICH IS 
WHY I PASSED IT OUT TO YOU.
KYLE WAS NEW TO THE TEAM AND WE 
HAD HIM AS THE FACE OF OUR 
HOCKEY IS FOR EVERYONE 
INITIATIVE.
LEAD WIDE INITIATIVE THAT 
HAPPENS IN FEBRUARY THROUGH HIS 
LEADERSHIP WE'RE ABLE TO INVITE 
7 ORGANIZATIONS TO COME TO OUR 
PRESS GAME.
OASIS CENTER.
GIRL'S HOCKEY.
AMPUTEE ORGANIZATION AND SPECIAL
OLYMPICS AND THEY GOT TO MEET 
KYLE AND ATTEND THE GAME AND 
THEN CELEBRITY GOT TO STAND WITH
THE STARTING LINE-UP.
I HAVE A MEETING WITH KYLE AND 
HE AND HIS WIFE WANT TO GET MORE
INVOLVED IN THE NATIONAL 
COMMUNITY.
SEE WHAT HE DID IN OTTAWA HE IS 
A HUGE ADDITION TO OUR TEAM ON 
AND OFF THE ICE.
LOOKING MAYBE TO ADD BLIND 
HOCKEY TO NASHVILLE AND WE'LL 
WORK WITH TENNESSEE SCHOOL FOR 
THE BLIND AND DANNY BUTLER TO 
SEE IF THAT'S A NEW ONE THAT WE 
CAN USE A NEW OUTLET WITH BLIND 
HOCKEY.
NEXT YEAR I PROMISE I'LL BE EVEN
SHORT FAIR YOU DO ONE THING.
TICK OUT YOUR PHONES AND FOLLOW 
OUR TWITTER, FACEBOOK FRIEND US,
LIKE US AND FOLLOW US ALL THESE 
STORIES AND PLAYERS ARE 
DOCUMENTED ON THOSE SOCIAL APP 
PLATFORMS AND WOULD LOVE FOR YOU
TO KEEP TABS ON WHAT WE DO.
THROUGH SHAUN'S LEADERSHIP OUR 
OFFICE MENTALITY IS ONE GOAL AND
OUR STAFF VOLUNTEER OVER 8,000 
HOUR AS YEAR AND THAT'S WITH OUR
BUSY SCHEDULES AND BUSY EVENTS.
THE LIFE OF A LOT OF THE TEAM 
AND STAFF AND PLAYERS AND WE'RE 
PASSIONATE ABOUT GIVING BACK.
NOW THAT WE'RE OUT OF THE 
PLAYOFFS WE'LL SEE THEM 
VOLUNTEERING ALL SUMMER LONG SO 
IF YOU FOLLOW PRED'S FOUNDATION 
YOU'LL SEE ALL THE ORGANIZATIONS
WE'RE IMPACTING.
WE HAVE A SHORT VIDEO THAT'S 
KIND OF TAKING SOME CLIPS AND 
HIGHLIGHTS MORE OF THE THINGS 
THAT WE DO.
[MUSIC]
>> WELCOME TO THE 2018 NATIONAL 
PREDATORS GRANT FOUNDATION 
ALLOCATION CEREMONY.
[MUSIC]
>> TODAY WE INVITED 149 
DIFFERENT CHARITIES TO EXCEPT 
OVER $607 THOUSAND DOLLARS OUR 
ONE TIME ALLOCATION AND THE 
LARGEST.
WE SPENT THE ENTIRE SEASON 
RAISING THIS MONEY.
SILENT AUCTIONS AND GOLF 
TOURNAMENTS AND SILENT AUCTIONS.
[MUSIC]
>> THE AMAZING SUPPORT TO GIVE 
BACK TO OUR COMMUNITY IS 
INCREDIBLE AND TO HAVE THE FUNDS
TO SUPPORT THE MISSIONS OF SO 
MANY ORGANIZATIONS TRYING TO DO 
GOOD TO HELP THIS IS JUST 
EXTRAORDINARY BEYOND WORDS.
>> THE IMPACT OF THEIR GIFT TO 
OUR BUSINESS EDUCATION 
PARTNERSHIP FOUNDATION.
WE HAVE A STEM CAMP FOR SCIENCE 
AND TECHNOLOGY AND ENGINEERING 
AND MATH CAREERS TO INTRODUCE 
MIDDLE SCHOOL STUDENTS TO ALL 
THE DIFFERENT OPPORTUNITIES THAT
ARE OUT THERE.
THERE'S HANDS ON EXPERIENCE FOR 
LEARNING AND BECAUSE THEY ARE 
SUPPORTING US WE'RE ABLE TO 
OFFER THIS EXPERIENCE TUITION 
FREE SO ANY STUDENT THAT WANTS 
TO LEARN ABOUT CAREERS CAN DO SO
REGARDLESS OF THEIR FAMILY'S 
FINANCIAL CIRCUMSTANCES.
IT'S A HUGE CELEBRATION FOR US 
TO HAVE THIS IN ONE ROOM.
THEY ARE DOING GREAT THINGS FOR 
OUR COMMUNITY AND WE'RE SO 
APPRECIATIVE WE CAN RAISE MONEY 
TO HELP WITH THEIR EFFORTS THE.
PEOPLE THAT CAME DID ALL THE 
HARD WORK AND MAKE BIG CHANGES 
FOR OUR COMMUNITY.
WE'RE HAPPY TO SUPPORT ALL OF 
THEM.
[APPLAUSE]
[MUSIC]
[APPLAUSE]
>> SO THAT PRETTY MUCH WRAPS 
THAT UP TODAY.
SHAUN MENTIONED IT REALLY WAS A 
TREMENDOUS YEAR.
WE HAVE ONE LAST SHORT VIDEO 
BECAUSE AGAIN WE WANT TO 
CELEBRATE THIS YEAR BUT TURN THE
PAGE AND LOOKING FORWARD TO THE 
THINGS AHEAD.
ANY LAST CHANCE FOR QUESTIONS 
WE'LL PLAY THE VIDEO AND THEN WE
HAVE REFRESHMENTS AND YOU GUYS 
CAN STAY.
THANK YOU VERY MUCH.
[MUSIC]
>> THE BEST SEASON THIS 
FRANCHISE HAS HAD.
THIS WOMAN IS EXTRA SPECIAL.
[APPLAUSE]
>> TONIGHT WINNINGEST GENERAL 
MANAGER IN SHOW HISTORY.
[MUSIC]
>> WHAT A GOAL RIGHT THERE.
>> BRAKES A FRANCHISE RECORD.
THE GAME IS TIED!
[MUSIC]
>> GLAD YOU GUYS COULD BE A PART
OF IT THANK YOU.
SING SING 
>> IMMEDIATE IMPACT!
SCORE!
[APPLAUSE]
>> SCORES.
>> SHOOTS AND SCORES.
GAME WINNER.
[APPLAUSE]
>> THANK YOU TO THE PREDATORS 
ORGAN
ORGANIZATION.
YOUR TEAM IS JUST INCREDIBLE AND
YOU WANT TO MAKE US CRY YET 
AGAIN WITH TWO VIDEOS THIS TIME.
NOT JUST ONE.
I WOULD LIKE TO MAKE A NOTE 
THAT'S HOW SHE SNUCK OUT BUT 
MICHELLE KENNEDY THERE WAS A 
NICE FEATURE ON HER IN STYLE 
BLUEPRINT AS BEING THE FACE OF 
NASHVILLE AND HOPEFULLY WE CAN 
CIRCULATE THAT TO THE BOARD AND 
IT AGAIN SHOWS FROM THE TOP DOWN
WHAT TYPE OF ORGANIZATIONS YOU 
GUYS HAVE AND IT'S TREMENDOUS TO
BE PART OF IT.
CONGRATULATIONS TO HER ON THAT 
NICE FEATURE.
THIS HAS BEEN A GREAT MEETING AS
USUAL AND APPRECIATE EVERYONE'S 
TIME AND OUR NEXT MEETING IS 
JUNE 21ST AND IF THE BOARD WILL 
KEEP BINDERS HERE WE'LL RECYCLE 
THEM FOR NEXT MONTH AND THANKS 
FOR ATTENDING AND SEEING NO 
OTHER BUSINESS WE MOVE TO 
ADJOURN.
OKAY.
WE'RE ADJOURNED.
THANK YOU GUYS.
