Sales and Operations Overview

Sales and Marketing Agreement Pre-Opening agreement signed in 2006 Provides commission only payment to Global Entertainment (17% of all sales) Global is selling on behalf of GWPFD Deposits to GWPFD account upon executed contract Contract between PFD and City to provide fiscal management of the GWPFD account

Management Agreement Management Agreement supercedes Sales and Marketing Agreement upon completion of building and assumption of lease or purchase of events center Rates of payment for Management and term of contract established to achieve tax exempt status (i.e. 1 yr vs. 5 yr) Budget approved in June each year by GWPFD board Rates, Revenues and Expenses, Net to debt service Supported by Contingent Loan Agreement with City

Rate Comparisons Current city operation is subsidized – not all costs of operation, maintenance, accounting, marketing and management are assessed to the ice arena fund Goal for all is to have a self-supporting facility as a greater year around asset to the region, not a single purpose facility Ice Rental Rate consideration based on comparisons with regional facilities

Construction Cost comparison Construction cost concern Allied Health – cost per sf Events Center – cost per sf May 2007 costs were evaluated by Robert Knowles and bid by ICC (i.e. electrical, prevailing wage)