10/12/17 Sports Authority Meeting

10/12/17 Sports Authority Meeting


>>TODAY IS OCTOBER 12TH OFFING, WE WOULD LIKE TO CALL THE SPECIAL CALLED SPORTS AUTHORITY MEETING TO ORDER. AS YOU KNOW THAT THE APEOPLES PROCESS, THE ACTION OF THIS BOARD CAN BE FOUND AT THE TOP OF TODAY’S AGENDA. FIRST UP, WE HAVE OUR CONSIDERATION FOR OUR MINUTES FROM OUR SEPTEMBER 21ST MEETING. IS THERE A MOTION. SECOND. MOTION PROPERLY SECONDED. IS THERE ANY DISCUSSION? ALL IN FAVOR?>>AYE. APPROVED. MINUTES ARE APPROVED. AT THIS TIME WE WILL HEAR FROM OUR EXECUTIVE DIRECTOR. MONICA.>>THE YOU HAVE THE AGENDA BEFORE YOU FOR THE ITEMS RECOMMENDED BEFORE THE FINANCE COMMITTEE, AND THEY WILL VOTE ON THE RECOMMENDATION FOR THE SOCCER STADIUM ON FAIR GROUNDS PROPERTY. THE SPORTS AUTHORITY WILL NOT RECEIVE THE FACILITY REPORTS THIS MORNING. IT IS A SHORT AGENDA WITH A VERY SPECIFIC PURPOSE. ALSO TO BE CLEAR, WE WILL MEET NEXT THURSDAY THE 19TH FOR WHAT WOULD HAVE BEEN OUR REGULARLY SCHEDULED MEETING. BUT A THREE THURSDAYS MIGHT BE ENOUGH. FINANCE COMMITTEE WILL MEET AT 8 O’CLOCK, AND THEN WE WILL FOLLOW WITH A FULL BOARD MEETING AT 930. ARE THERE ANY QUESTIONS, IF NOT, THAT CONCLUDES OUR REPORT.>>THANK YOU, MONICA. AT THIS TIME WE WILL HEAR FROM OUR FINANCE COMMITTEE, OUR CHAIR, MARGARET HELD A MEETING AND I BELIEVE ALL OF THE BOARD PARTICIPATED BUT THE FINANCE COMMITTEE REPORT.>>THANK YOU AND I DO WANT TO THANK ALL OF THE BOARD FOR BEING THERE AT THE FINANCE MEETING. WE HAD A GOOD, SHORT MEETING. THE 2017 PARKING SETTLEMENT. I WANT TO RECUSE MYSELF FROM PARKING MATTERS.>>YOU WILL FIND THIS ON TAB THREE IN OUR PACKET. WHAT YOU WILL SEE IS THE RECONCILIATION FOR THE SHARE OF REVENUES THAT COMES BACK TO THE SPORTS AUTHORITY AS PART OF OUR AGREEMENT WITH CMA, THAT COMES FROM THE STADIUM.>>HATE ADDITIONAL EXPENSE IS FOR SECURITY. THIS WASPLAINED HAT OUR FINANCE MEETING. THE CONSEQUENCE OF LAST YEAR’S NUMBER BEING ARTIFICIALLY LOW BECAUSE WE WERE UNDERSTAFFED IN THAT AREA, AND BECAUSE SOME OF THAT EXPENSE WOULD HAVE BEEN BORNE BY THE TITANS AT THE STADIUM. SO THE NUMBER REFLECTED THE HIGHER AMOUNT, THE $27,000 MORE FOR SECURITY IN 2017. IT IS PROBABLY A MORE REALISTIC FIGURE THAT WE SHOULD EXPECT GOING FORWARD H THERE WERE NO OTHER QUESTIONS BEING RAISED BY THE COMMITTEE, AND IT COMES TO YOU WITH THE COMMITTEE’S RECOMMENDATION FOR ACCEPTANCE. IF SOMEONE COULD SECOND.>>SECOND.>>MOVED AND SECONDED. ANY DISCUSSION?>>. ALL IN FAVOR THERE?>>AYE. OPPOSED? ABSTENTIONS?>>THANK YOU. THE SECOND ITEM ON THE AGENDA HAS CONSIDERATION OF CONSIDERATION OF MINIMUM TWO OF THE SIRIUS XM, RADIO AGREEMENT. WE HAD A PRESENTATION BY REPRESENTATIVES OF SIRIUS XM, RADIO, AND OUR LEASE WITH THEM, AND WHAT WE HAD ON THE PREMISES, DURING THAT MEETING >>SIRIUS XM, RADIO THEY ADMITTED 3.5 MILLION INTO THE SPACE. AND AS WE SAW THE REQUIRING, REQUESTING THAT IT BE MOVED FROM 2018 TO 2019, AND THERE’S ALSO A CALCULATION HERE UPON THE RENT SCHEDULE. SO WE REVIEWED THE AMENDMENT TO THE LEASE TO A PROVIDE THAT IT BE MANUFACTURED FROM 2018 TO ’19, AND ALSO TO CORRECT THAT ERROR AN AND THE FINANCE COMMITTEE MOVED AND RECOMMENDED ACCEPTANCE OF THIS AMENDMENT. SO I BRING THIS BEFORE THE BOARD AND MOVE THAT WE RECOMMEND THE MINIMUM TWO TO THE LEASE WITH ABOUT SERIOUS XM, RADIO.>>ALL IN FAVOR?>>AYE.>>I HAVE NOTHING ELSE TO REPORT.>>THANK YOU TO THE BARRED AND OUR ANDS IF COMMITTEE FOR THE NUMBER OF WORK, AND THE VICE CHAIR AS WELL. AND AT THIS TIME WE WILL MOVE ON TO THE CONSIDERATION OF THE CONDITION RESOLUTION FOR FINANCE FOR THE MLS, STADIUM FAIR GROUNDS. I BELIEVE MONICA WILL START US ON THIS ONE. BEFORE I START. I DO WANT TO RECOGNIZE SOME GUESTS THIS MORNING. COUNCILMAN STEVE GLOVER IS WITH US THIS MORNING, METRO LEGAL DIRECTOR JOHN COOPER IS UP HERE WITH US. WE ALSO HAVE LAURA, WHOSE THE DIRECTOR OF THE FAIR GROUNDS, ANTHEM FROM THE MLS, AND AND I HOPE THAT I’M NOT LEAVING ANYONE OUT, AND I APPRECIATE YOUR TIME IN BEING HERE THIS MORNING. SO WE ALL UNDERSTAND THAT INITIAL IS CONTENDING FOR ONE OF THE FIRST TWO SPOTS IN WHAT WE WILL BE MAJOR LEAGUE SOCCER’S LAST ROUND OF EXPANSION. I THINK THAT WE ALSO UNDERSTAND THAT THIS DOES NOT HAVE WITHOUT AN APPROVED STADIUM PLAN. LAST THURSDAY IN OUR JOINT MEETING WITH THE FAIR BOARD YOU RECEIVED A DETAILED PRESENTATION FROM THE MLS COMMITTEE AND ALSO RICH RIEBLING FROM THE PRIVATE PUBLIC FUNDING PLAN FOR THE PROPOSED 27,500 SEAT SOCCER STADIUM ON FAIRGROUNDS PROPERTY. THAT AFTERNOON WE RECEIVED THE RESOLUTION THAT IS SUPPORTING FROM JOHN COOPER. THE RESOLUTION IS ALSO APPROVED BY THE METRO COUNCIL WHICH AUTHORIZES THE SPORTS AUTHORITY TO ISSUE UP TO $225 MILLION OF REVENUE BONDS TO CONSTRUCT THE STADIUM IF ALL OF THE CONDITIONS THAT ARE OUTLINED IN SECTION EIGHT OF THE RESOLUTION ARE MET. THE FIRST OF COURSE IS THAT THE MLS WOULD AWARD AN EXPANSION FRANCHISE TO THE TEAM. THIS PAST TUESDAY MORNING, THE FAIR BOARD APPROVED THEIR RESOLUTION, REQUESTING THE COUNCIL TO CONDITIONALLY AUTHORIZE THE AUTHORITY TO ISSUE BOND, AND THE RESOLUTION WILL COME BEFORE THE METRO COUNCIL OCTOBER 17TH. ALTHOUGH THEY WILL NOT ACT ON IT UNTIL THEY GET THEIR FIRST MEETING IN NOVEMBER. WE HAVE AN AMENDMENT THAT I WILL TURN OVER TO –>>DUE TO SOME COPYING, AND PASTE, AFFAIRS, THERE IS SOME LANGUAGE IN EIGHT C THAT [ INAUDIBLE ]. THERE WAS ONLY ONE LEASE, IT’S WITH THE [ INAUDIBLE ].>>THE COPIES OF THE RESOLUTION ARE IN FIVE OF YOUR PACKET. THE SPORTS AUTHORITY, ONE OF THE CONDITIONS THAT THE SPORTS AUTHORITY WILL HAVE IS A GROUNDS LEASE WITH THE FAIR BOARD. THAT WILLS THE ONLY LEASE, THE SPORTS AUTHORITY LEASE.>>ARE THERE ANY QUESTIONS?>>SO THE DEVELOPMENT SIDE IS NOT IN THE GROUNDS LEASE THAT WE WILL HAVE TO APPROVE, CORRECT?>>THE FAIR BOARD HAS TO ACT FIRST, RIGHT?>>I DON’T KNOW THAT THERE’S ONE BOARD THAT HAS TO ACT FIRST. THERE ARE APPROVE AS BY BOTH BOARDS THAT [ INAUDIBLE ] I WOULD THINK THAT THE FOLLOWING WOULD ACT FIRST, BUT THAT’S NOT NECESSARY.>>I BELIEVE THAT THE FAIR BOARD HAD A MEETING JUST A COUPLE OF TASTE AGO, MAYBE LAURA CAN SPEAK TO THE ACTION OF THE FAIR BOARD SINCE WE MET. THAT MIGHT BE HELPFUL TOO.>>GOOD MORNING. NICE TO BE HERE, THANK YOU. YES, THE FAIR BOARD MET ON TUESDAY MORNING, AND AS MONICA STATED, IT THEY DID APPROVE THE CONDITIONAL RESOLUTION RECOMMENDING THAT THE SPORTS AUTHORITY ISSUE BONDS FOR THE STADIUM.>>THANK YOU.>>MY OTHER QUESTION, JOHN, IS THAT ONCE THE COUNCIL ACTS THIS WILL COME BACK TO THE SPORTS AUTHORITY AT THE END?>>CORRECT. THE SPORTS AUTHORITY WOULD HAVE SOME OTHER AGREEMENTS THAT THEY WOULD HAVE TO APPROVE.>>SO THIS WOULD BE IS MEMORIAL LICENSING THE RESOLUTION, RIGHT?>>ANY OTHER QUESTIONS.>>UNDERSTANDING WHERE WE ARE IN THE PROCESS, WHILE THOSE THINGS ARE FALLING INTO PLACE, WE ARE AWARDED THE TEAM, AND WHAT PROCEDURE OR POLICIES CAN OR WILL BE PUT INTO PLACE TO MAKE SURE THAT WE CAN GET LOCAL BUSINESSES AND LOCAL EMPLOYEES TO ASSIST IN THIS VENTURE?>>THERE WILL BE A DEVELOPMENT AGREEMENT BETWEEN THE TEAM AND THE SPORTS AUTHORITY THAT COULD ADDRESS SOME OF THOSE ISSUES. IN ADDITION METRO WILL BE BID IGTHE STADIUM, AND THE METRO’S PROCURE. REGULATIONS, AND THE NONDISCRIMINATION PROGRAM ALL OF THAT WILL APPLY.>>ARE THERE ANY ADDITIONAL QUESTIONS FOR JOHN OR ANY OTHERS?>>I WILL MOVE ADOPTION OF THE RESOLUTION AS AMENDED. WE HAVE A MOTION TO APPROVE THE AMENDED RESOLUTION THAT IS BEFORE US AND HAVE BEEN DESCRIBED. IS THERE A SECOND?>>CAN YOU JUST QUICKLY CLARIFY THAT THE AMENDMENT IS TO REMOVE THAT PHRASE AND DEVELOP SITES [ INAUDIBLE ]?>>SO WE HAVE A MOTION BEFORE US FOR ADOPTION OF THE RESOLUTION AND THE MOTION INCLUDE AN AMENDMENT TO –>>THAT REMOVES THE WORDS, AND DEVELOPMENT SITE FROM [ INAUDIBLE ]. THANK YOU FOR THAT CLARITY. IS THERE A MOTION AND A SECOND. IS THERE ANY OTHER FURTHER DISCUSSION?. I WOULD JUST LIKE TO SAY THAT I SAID THIS LAST WEEK, BUT I REALLY COMPLIMENT THE ADMINISTRATION ON THIS DEAL, AND THIS PROPOSAL. I THINK THAT IT’S A GREAT PROPOSAL FOR OUR CITY. I THINK THAT THE OWNERS HAVE REALLY DONE A TERRIFIC JOB OF ITS OUTREACH TO THE CITY. OF COURSE I LOVE THE [ INAUDIBLE ] AS YOU ALL KNOW. IT’S JUST AN EXAMPLE OF HOW MUCH THEY HAVE LISTENED, AND DONE WHAT THEY CAN PUT IT TOGETHER IN SUCH A SHORT PERIOD OF TIME. SO I’M ENTHUSIASTICALLY SUPPORTING THIS RESOLUTION. I WOULD LIKE TO COMMENT AS WELL. I’D LIKE TO FOLLOW WHAT MARGARET SAID. I THINK THAT THIS IS THE BEST SPORTS PROPOSAL IN THE CITY’S PERSPECTIVE THAT WE HAVE SEEN. FROM THE LAST MEETING THAT I REVIEWED THE TAPE OF THE MEETING, REVIEWED THE MATERIALS, AND, WILL BEING AT AGE THE RESOLUTION, THE CITY HAS A MINIMAL BE IF RISK. IT’S A GOOD OPPORTUNITY FOUR CITY. GOOD LEADERSHIP, THE OWNERS THAT ARE COMING FORWARD. IT’S JUST A VERY GOOD OPPORTUNITY.>>ANY FURTHER COMMENTS? WE HAVE A MOTION AND SECOND ALL IN FAVOR OF TO APPROVE THE RESOLUTION AS AMENDED SAY AYE?>>AYE.>>ANY OPPOSED? THE RESOLUTION IS APPROVED. THANK YOU.>>WE ALSO RECOGNIZE COUNCIL MEMBER VERCHER WHO JUST WALKED IN.>>GOOD MORNING, THANK YOU FOR JOINING US. NEXT UP WE’RE ONTO OTHER BUSINESS THIS MORNING.>>SINCE OUR LAST MEETING, WE NOW HAVE AN OPENING OF THE SECRETARY, TREASURER OFFICER POSITION. OUR DIRECTOR WILSON HAS SINCE OFFERED HER RESIGNATION FROM THIS BOARD AND IS CURRENTLY UNABLE TO SERVE. SHE WAS ALSO IN THE ROLE OF OUR OFFICER SECRETARY POSITION. SO AT THIS TIME WE NEED TO VOTE ON A REPLACEMENT AND FOR THAT POSITION, AND AT THIS TIME WE WILL ACCEPT ANY NOMINATIONS AND WE CAN DO THAT FROM THE FLOOR. I WAS GOING TO PLACE A NOMINATION, I’D LIKE TO NOMINATE EMIT WAYNE. I WAS ABOUT TO PLACE SOMEONE IN NOMINATION AS WELL. I WAS GOING TO NOMINATE CHUCK MERRIWETHER IN HIS ABSENCE TODAY.>>OKAY. WE HAVE TWO NOMINATIONS FOR THE BOARD. IT REQUIRES A SECOND. AND I KNOW THAT EMIT IS HERE, AND CHU>>I FEEL LIKE I’M SITTING NEXT TO YOU, I SHOULD VOTE FOR YOU. BUT ONLY IF YOU WANT ME TO.>>WOULD YOU BE WILLING TO SERVE IN THIS ROLE?>>YES.>>ALL RIGHT.>>SO WE HAVE TWO NOMINATIONS OPEN. AND I WILL BE WILLING TO REMOVE CHUCK’S NAME, AND SUPPORT EMMETT FOR THIS POSITION.>>OKAY. SO NOW WE HAVE ONE NOMINATION ON THE FLOOR. IT SOUND LIKE CATHY WAS TRYING TO PICK ON CHUCK. SO WE WON’T LOOK AT THE TAPES OF THIS MEETING, AND AT THIS TIME, WE CAN VOTE FOR REPLACEMENT OF OFFICER WITH EMMETT SERVING AS SECRETARY. ALL IN FAVOR SAY AYE?>>AYE.>>ANY OPPOSED?>>CONGRATULATIONS, EMMETT, LOOK FORWARD TO SERVING WITH YOU. [APPLAUSE].>>AND EXCELLENT. ALL RIGHT. SO OUR REGULAR MEETING FOR THIS BOARD IS SUPPOSED TO BE NEXT WEEK FOR OCTOBER. WE WILL NOT HAVE THAT MEETING SINCE WE ARE ABLE TO MEET TODAY, AND THEN ALSO ALSO IT LOOKS LIKE NEXT MONTH’S MEETING WILL HAVE TO BE ADJUSTED AS WELL FOR A COUPLE OF DAYS, SO PLEASE KEEP IN MIND THAT YOUR SCHEDULES AND OTHER STAFF WILL REACH OUT TO NOMINATE EVERYONE. WE APPRECIATE YOUR TIME TODAY. AND THERE’S NO FURTHER BUSINESS, WE WILL RETURN. THANK YOU GUYS.>>[ MUSIC PLAYING ]. ♪ ♪.>>THIS HAS BEEN A SERVICE OF THE METRO NASHVILLE NETWORK. IF YOU WOULD LIKE TO SEE THIS PRESENTATION AGAIN OR FOR MORE INFORMATION ABOUT THIS AND OTHER PROGRAMS, VISIT NASHVILLE.GOV.

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