3-chris email exchange Freedom Center keyword
Transcript of 3-chris email exchange Freedom Center keyword
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Chris Bruner
From: Tony CapaciSent: Tuesday, January 04, 2011 4:30 PMTo: [email protected]: Chris Bruner; National Underground Railroad Freedom Center ([email protected])Subject: RE: NURFC follow up documents
Ben,
IwillbespeakingtotwoCommissionmembersregardingtherevisedcashflowfor2011. SinceIhavealreadyanalyzed
the2011summarycashflowwhichwaspreparedon11/29/10Ineedtoknowthedifferencesbetweenthe11/29/10
cashflowandthe12/9/10cashflow. Irealizedthe12/9/10cashflowwasbasedontheapprovedBODbudgethowever,
Imustbeabletoexplainthedifferences. Kindlyprovidemeareconciliationbetweentheprojectedendingcashbalance
ofeachcashflowandtheassumptionssupportingthedifference. KindlyprovidethisnolaterthanCOB1/7/11.
Thanks,
From:[email protected][mailto:[email protected]]
Sent: Monday, January 03, 2011 5:41 PM
To: Tony CapaciCc:[email protected]: NURFC follow up documents
Tony,
Attached is the approved budget per the NURFC 12-10 Board meeting. It includes a revised cash flow for 2011 andstatement of activities based on the budget that was approved by the Board. I will be forwarding on a new cash flowstatement tomorrow that includes a projection for 2012 without Federalization.
Thank you,
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Chris Bruner
From: Tony CapaciSent: Tuesday, January 04, 2011 9:31 AMTo: [email protected]: Chris Bruner; National Underground Railroad Freedom Center ([email protected])Subject: RE: NURFC follow up documents
Ben,
Thankyou fortheinformation. Whenyouforwardthe2012w/ofederalizationpleaseincludetheassumptionsto
revenueandexpenseprojections. OnceIreviewtheschedulesIwillmostlikelyhavequestionsforyou.
Also,IwouldliketolookatyourmostcurrentYTD10financials. DoyouhaveNovember2010ready? Whendoyou
thinkyouwillhave12/31/10ready.
Letmeknow,
Thanks,
From:[email protected][mailto:[email protected]]Sent: Monday, January 03, 2011 5:41 PMTo: Tony Capaci
Cc:[email protected]: NURFC follow up documents
Tony,
Attached is the approved budget per the NURFC 12-10 Board meeting. It includes a revised cash flow for 2011 andstatement of activities based on the budget that was approved by the Board. I will be forwarding on a new cash flowstatement tomorrow that includes a projection for 2012 without Federalization.
Thank you,
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Chris Bruner
From: Tony CapaciSent: Tuesday, January 04, 2011 9:13 AMTo: Kathy FoxCc: Chris Bruner; National Underground Railroad Freedom Center ([email protected])Subject: FW: NURFC -- Staff adjusted cash flow RE: NURFC follow up documentsAttachments: 2011 Cash Flow Projection for OCFC based on 12-10 BOD Budget w staff adjustments in
blue.xlsx
Kathy,
AttachedisarevisedNURFCcashflowforFYE2011andBODapprovedbudget. Thecashflowaspresentedbythe
FreedomCenterincludesthereleaseoftheescrow. Christhenaddedasectionwhichtakestheescrowoutperour
recommendationandrecalculatedthenumbers.
WouldyoulikemetosendthistoCraigandOtto?
Letmeknow
Thanks,
From: Chris Bruner
Sent: Tuesday, January 04, 2011 9:02 AMTo: Tony CapaciSubject: FW: NURFC -- Staff adjusted cash flow RE: NURFC follow up documents
Tony:
AttachedisanupdatedspreadsheetinwhichtheOCFCescrowisnotreturnedtotheSponsor. Also,Ihaveshownthe
netmonthlycashflowanddoublecheckedtheSponsorscalculations.
Note: Allofmyadjustmentsaremadeinthebluecoloredsectionatthebottomofthesheet.
Thanks,
CB
ChrisBrunerFinancialAnalyst
OhioCulturalFacilitiesCommission
100E.BroadStreet,Suite300
Columbus,OH 432153661
Office:(614)7522774
Email:[email protected]
Website:http://culture.ohio.gov/
Building Culture in Ohio's Communities: The Ohio Cultural Facilities Commission, formerly the Ohio Arts & Sports Facilities Commission, overseescapital improvement funds appropriated by the Ohio General Assembly and Governor for community cultural facility projects including non-profittheaters, museums, historical sites and publicly owned professional sports venues. You are invited to visit www.culture.ohio.gov or call (614) 752-2770for more information on the Commission or to learn how we can assist your cultural facility project.From: Chris Bruner
Sent: Tuesday, January 04, 2011 8:53 AMTo: Tony CapaciSubject: NURFC -- Staff adjusted cash flow RE: NURFC follow up documents
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Tony:
AttachedisanupdatedspreadsheetinwhichtheOCFCescrowisnotreturnedtotheSponsor. Also,Ihaveshownthe
netmonthlycashflowanddoublecheckedtheSponsorscalculations.
Thanks,
CB
ChrisBrunerFinancialAnalyst
OhioCulturalFacilitiesCommission
100E.BroadStreet,Suite300
Columbus,OH 432153661
Office:(614)7522774
Email:[email protected]
Website:http://culture.ohio.gov/
Building Culture in Ohio's Communities: The Ohio Cultural Facilities Commission, formerly the Ohio Arts & Sports Facilities Commission, overseescapital improvement funds appropriated by the Ohio General Assembly and Governor for community cultural facility projects including non-profittheaters, museums, historical sites and publicly owned professional sports venues. You are invited to visit www.culture.ohio.gov or call (614) 752-2770for more information on the Commission or to learn how we can assist your cultural facility project.From: Tony Capaci
Sent: Tuesday, January 04, 2011 8:37 AMTo: Chris Bruner
Subject: FW: NURFC follow up documents
From:[email protected][mailto:[email protected]]
Sent: Monday, January 03, 2011 5:41 PMTo: Tony Capaci
Cc:[email protected]: NURFC follow up documents
Tony,
Attached is the approved budget per the NURFC 12-10 Board meeting. It includes a revised cash flow for 2011 andstatement of activities based on the budget that was approved by the Board. I will be forwarding on a new cash flowstatement tomorrow that includes a projection for 2012 without Federalization.
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Thank you,
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Chris Bruner
From: Amy RiceSent: Monday, January 03, 2011 12:54 PMTo: '[email protected]'Cc: [email protected]; Tony Capaci; Chris Bruner; National Underground Railroad Freedom
Center ([email protected])Subject: FW: release of liens/title of opinionAttachments: title opinion letter form.doc
Ben,
Pleaseadviseofthestatusofthetitleopinionletter.
Thankyou!
Amy
From: Amy RiceSent: Thursday, December 16, 2010 10:00 AM
To: Tony Capaci; '[email protected]'Cc: Chris Bruner; National Underground Railroad Freedom Center ([email protected])Subject: RE: release of liens/title of opinion
Ben,
AttachedisthetitleopinionlettertemplateTonymentionedbelow.Pleasehaveyourattorneycompleteandforwardas
quickaspossible.
Thankyou,
Amy
Amy RiceChief Project ManagerOhio Cultural Facilities Commission100 E. Broad Street, Suite 300Columbus, OH 43215-3416
Telephone: 614-752-2770Direct: 614-728-8931Fax: 614-752-2775e-mail: [email protected]: www.culture.ohio.gov
TheCommissionofficeswillbeclosedfortheholidaysbeginningThursday,December23at5p.m.throughFriday,
December31,2010at5p.m. WewillreopenMonday,January3,2011at8a.m.
Building Culture in Ohio's Communities:The Ohio Cultural Facilities Commission, formerly the Ohio Arts & Sports Facilities Commission, overseescapital improvement funds appropriated by the Ohio General Assembly and Governor for community cultural facility projects including non-profittheaters, museums, historical sites and publicly owned professional sports venues. You are invited to visit www.culture.ohio.gov or call (614) 752-2770for more information on the Commission or to learn how we can assist your cultural facility project.
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From: Tony Capaci
Sent: Tuesday, December 14, 2010 10:57 AMTo:[email protected]: Chris Bruner; Amy Rice; National Underground Railroad Freedom Center ([email protected])
Subject: release of liens/title of opinion
Ben,
Asyoumayrecallwewillrequireatitleofopinionletteronyourattorneysletterheadconfirmingcleantitletothe
building.
(In
the
past
there
were
some
issues
with
mechanics
liens)
Amy
will
forward
you
a
copy
of
the
opinion
of
title
templatehowever,untilthenIwouldlikeyourconfirmthattitleisclean. Isupposethebanksremovedalloftheirliens.
Pleaserespond.
Thanks,
TonyCapaci
ChiefFinancialAnalyst
OhioCulturalFacilitiesCommission
100E.BroadStreet,Suite300Columbus,OH 432153416
Telephone:6147286924
Fax:6147522775
email: [email protected]
website:www.culture.ohio.gov
TheOhioCulturalFacilitiesCommission,formerlytheOhioArts&SportsFacilitiesCommission,overseescapitalimprovementfundsappropriatedbytheOhio
GeneralAssemblyandGovernorforcommunityculturalfacilityprojectsincludingnonprofit theaters,museums,historicalsitesandpubliclyownedprofessional
sportsvenues.Youareinvitedtovisitwww.culture.ohio.govorcall(614)7522770formoreinformationontheCommissionortolearnhowwecanassistyour
culturalfacilityproject.
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Chris Bruner
From: Kathy FoxSent: Thursday, December 30, 2010 8:09 PMTo: [email protected]: [email protected]; [email protected]; [email protected]; Chris Bruner; Tony Capaci
Amy Rice; National Underground Railroad Freedom Center ([email protected])Subject: RE: Your note to Jeff Rohr.....
John,
Thankyouforyournoteregardingtheguaranty. Welllookforwardtoreceivingthedocuments.
Regardingyourrequestforreleaseoftheescrowfundsinadditiontothe$850Kappropriation,thisissueisunderreview
bytheCommissionsTreasurerashereviewsourdraftstaffreportontheFreedomCenter. OurTreasurerisan
uncompensatedCommissionMember;heisonafamilytripovertheholidays,onethatIamcertainiswelldeserved
givenhismanybusinessandcivicresponsibilities. Weexpecttoreceivehisfeedbacknextweekandwewillbebackin
touchwithyouafterthat. Inthemeantime,wewilllookforwardtoreceivingthebackupbusinessplanfromDonand
updatedcashflowprojectionsfromBen. Ourstaffwillbeginitsreviewimmediatelyuponreceipt,aswehavedonewith
allpriorinformation.
Thankyouagainforyournote.
Withmyverybestwishesforthenewyear,
Kathy
Kathleen M. Fox, FASLAExecutive DirectorOhio Cultural Facilities Commission100 E. Broad Street, Suite 300Columbus, OH 43215-3661
Vox: 614.752.2770
Fax: 614-752-2775e-mail: [email protected]
visit our website: www.culture.ohio.gov
From:[email protected][mailto:[email protected]]
Sent: Thursday, December 30, 2010 11:23 AM
To: Kathy FoxCc:[email protected]; [email protected]; [email protected]
Subject: Your note to Jeff Rohr.....
Kathy,
I saw a copy of your note to Jeff Rohr. We have little choice but to accept your point of view on this and Ill goahead to sign the papers as you have given them to me.
I hope now that, as the office re-opens, well be able to come to grips with the issue of my being able to alsoguarantee the other $450,000. My guarantee on this will be total, and it will be on the same terms that apply tothe $850,000 and, to repeat, the availability of these funds as crucial to giving us the running room to get tothe point in time where we hope and expect Federalization funds to be available. Don will be separatelysending you the back-up business plan that youve requested in the event Federalization does not take place. To
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be absolutely clear with you, this institution and mission are far too important to put all our eggs in that basket,even as we continue to be hopeful of it coming through and even as it remains our #1 priority by far.
John E. Pepper
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Chris Bruner
From: Kathy FoxSent: Thursday, December 30, 2010 5:57 PMTo: Chris Bruner; Tony CapaciCc: Amy Rice; National Underground Railroad Freedom Center ([email protected])Subject: FW: Your note to Jeff Rohr.....
Follow Up Flag: Follow upFlag Status: Completed
From:[email protected][mailto:[email protected]]Sent: Thursday, December 30, 2010 11:23 AMTo: Kathy Fox
Cc:[email protected]; [email protected]; [email protected]
Subject: Your note to Jeff Rohr.....
Kathy,
I saw a copy of your note to Jeff Rohr. We have little choice but to accept your point of view on this and Ill goahead to sign the papers as you have given them to me.
I hope now that, as the office re-opens, well be able to come to grips with the issue of my being able to alsoguarantee the other $450,000. My guarantee on this will be total, and it will be on the same terms that apply tothe $850,000 and, to repeat, the availability of these funds as crucial to giving us the running room to get tothe point in time where we hope and expect Federalization funds to be available. Don will be separatelysending you the back-up business plan that youve requested in the event Federalization does not take place. Tobe absolutely clear with you, this institution and mission are far too important to put all our eggs in that basket,even as we continue to be hopeful of it coming through and even as it remains our #1 priority by far.
John E. Pepper
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Chris Bruner
From: Kathy FoxSent: Wednesday, December 29, 2010 6:52 AMTo: Rohr, Jeffrey L.; [email protected]: Tony Capaci; Chris Bruner; [email protected]; [email protected]; Donald's Yahoo;
[email protected]; Amy RiceSubject: RE: Contractual Papers....
Jeff,
ThankyouforforwardingtomeyouremailfromMonday. Sinceyouroriginalemailwenttoastaffmemberandour
officeisclosedthisweekformandatoryCostSavingsfurloughdays,Ihadnootherwayofobtainingacopyofyouremail
thisweek;Itwashelpfulthatyouwereabletoforwardittome.
IsentyourcommentstoourlegalcounselonTuesday. Heinformsmethatthelanguagechangesyousuggestedforthe
guarantydocumentwouldaltertheCommissionsabilitytocollecttimely,shouldtheguarantyneedtobecalledin. He
alsonotesthatthecontractlanguageforwhichchangesarenowsuggestedispartofthestandardformdocumentthat
wassentoutinitiallyforreviewsixweeksago,andfurther,thelanguageistypicalforfinancialguaranties. Heisunable
torecommendtotheCommissionthatthestandarddocumentbechangedtoreflectthesuggestionsyouforwarded.
Sincerely,
Kathy
Kathleen M. Fox, FASLAExecutive DirectorOhio Cultural Facilities Commission100 E. Broad Street, Suite 300Columbus, OH 43215-3661
Vox: 614.752.2770Fax: 614-752-2775e-mail: [email protected]
visit our website: www.culture.ohio.gov
Building Culture in Ohio's Communities: The Ohio Cultural Facilities Commission, formerly the Ohio Arts & Sports Facilities Commission, overseescapital improvement funds appropriated by the Ohio General Assembly and Governor for community cultural facility projects including non-profittheaters, museums, historical sites and publicly owned professional sports venues. You are invited to visit www.culture.ohio.gov or call (614) 752-2770for more information on the Commission or to learn how we can assist your cultural facility project.From: Rohr, Jeffrey L. [mailto:[email protected]]Sent: Tuesday, December 28, 2010 2:13 PMTo: Kathy Fox; [email protected]: Tony Capaci; Chris Bruner; [email protected]; [email protected]; Donald's Yahoo; [email protected]: RE: Contractual Papers....
Kathy,I have attached the Letter (with comments) that I sent yesterday. Please contact me with any questions.
Jeff RohrGraydon Head & Ritchey LLP1900 Fifth Third Center511 Walnut StreetCincinnati, Ohio 45202Phone: (513) 629-2852
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Fax: (513) 651-3836E-mail: [email protected]
The following information is from the law firm of Graydon Head & Ritchey LLP and may be protected by attorney/clientprivilege. If you believe it has been sent to you in error, do not read it. Please reply to the sender that you have receivedthe message in error, then delete the message.
Do not retain a copy. Thank you.
**********************************
12-28-10
From: Kathy Fox [mailto:[email protected]]Sent: Tuesday, December 28, 2010 12:34 PMTo: [email protected]: Tony Capaci; Chris Bruner; [email protected]; Rohr, Jeffrey L.; [email protected]; Donald's Yahoo;[email protected]: RE: Contractual Papers....
DearJohn,
Yes,Ireceivedyouremailof12/24/10at5:30PM. Asmentionedinaprioremail,ourofficeisclosedformandatoryCost
Savingsfurloughdaysthisweek. TheofficewillreopenonMonday1/3/2011. Couldyoupleasehaveyourattorney
forwardhisquestiontomesincemystaffisnotavailablethisweek? Iwillbespeakingwithourlegalcounselthis
afternoon,soifthereisanewquestionitwouldbehelpfulformetoknowwhatitistoday.
ThestatusoftheFreedomCenterprojectreviewremainsunchangedfrommylastemail: ourCommissionTreasureris
reviewingtheCommissionstaffsdraftreport. IexpecttheTreasurersfeedbacknextweek. OnMondaywhenour
officereopensandTonyCapaciisavailable,hecanreviewanynewinformationthatBenmayhaveprovided.
Bestregards,
Kathy
Kathleen M. Fox, FASLAExecutive DirectorOhio Cultural Facilities Commission100 E. Broad Street, Suite 300Columbus, OH 43215-3661
Vox: 614.752.2770Fax: 614-752-2775e-mail: [email protected]
visit our website: www.culture.ohio.gov
Building Culture in Ohio's Communities: The Ohio Cultural Facilities Commission, formerly the Ohio Arts & Sports Facilities Commission, oversees
capital improvement funds appropriated by the Ohio General Assembly and Governor for community cultural facility projects including non-profittheaters, museums, historical sites and publicly owned professional sports venues. You are invited to visit www.culture.ohio.gov or call (614) 752-2770for more information on the Commission or to learn how we can assist your cultural facility project.From: [email protected] [mailto:[email protected]]
Sent: Tuesday, December 28, 2010 12:11 PM
To: Kathy FoxCc: [email protected]: Contractual Papers....
(Dictated but not read by John Pepper)
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-------------------------
Dear Kathy,
I just want you to know that Ill be getting the contractual papers you sent me back to the appropriate officeearly the week of January 10. Ill mail out the week prior to that. My lawyer has raised one, I think relativelyminor, question with your staff.
Im assuming youll let Tom and Ben know if there are any missing pieces as far as youre concerned,
preparing for the review with your committee in February.
Also, and very importantly, I would like to process the additional $450,000 at that same time. I think you havemy earlier e-mail. My wife and I will guarantee that. Given that, I dont think you will be incurring any risk.Furthermore, as pointed out and I think Ben will be getting back to you, our latest cash flow numbers show that$450,000 as being vital to carrying us through to the point where we believe Federalization funds will beavailable.
Feel free to give me a call if any part of this is something that would benefit from our talking.
Best regards,
John Pepper(513) 293-7474
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Chris Bruner
From: Rohr, Jeffrey L. [[email protected]]Sent: Tuesday, December 28, 2010 2:13 PMTo: Kathy Fox; [email protected]: Tony Capaci; Chris Bruner; [email protected]; [email protected]; Donald's Yahoo;
[email protected]: RE: Contractual Papers....Attachments: Pepper changes.PDF
Kathy,I have attached the Letter (with comments) that I sent yesterday. Please contact me with any questions.
Jeff RohrGraydon Head & Ritchey LLP1900 Fifth Third Center511 Walnut StreetCincinnati, Ohio 45202Phone: (513) 629-2852
Fax: (513) 651-3836E-mail: [email protected]
The following information is from the law firm of Graydon Head & Ritchey LLP and may be protected by attorney/clientprivilege. If you believe it has been sent to you in error, do not read it. Please reply to the sender that you have receivedthe message in error, then delete the message.
Do not retain a copy. Thank you.
**********************************
12-28-10
From: Kathy Fox [mailto:[email protected]]
Sent: Tuesday, December 28, 2010 12:34 PM
To: [email protected]: Tony Capaci; Chris Bruner; [email protected]; Rohr, Jeffrey L.; [email protected]; Donald's Yahoo;[email protected]: RE: Contractual Papers....
DearJohn,
Yes,Ireceivedyouremailof12/24/10at5:30PM. Asmentionedinaprioremail,ourofficeisclosedformandatoryCost
Savingsfurloughdaysthisweek. TheofficewillreopenonMonday1/3/2011. Couldyoupleasehaveyourattorney
forwardhisquestiontomesincemystaffisnotavailablethisweek? Iwillbespeakingwithourlegalcounselthisafternoon,soifthereisanewquestionitwouldbehelpfulformetoknowwhatitistoday.
ThestatusoftheFreedomCenterprojectreviewremainsunchangedfrommylastemail: ourCommissionTreasureris
reviewingtheCommissionstaffsdraftreport. IexpecttheTreasurersfeedbacknextweek. OnMondaywhenour
officereopensandTonyCapaciisavailable,hecanreviewanynewinformationthatBenmayhaveprovided.
Bestregards,
Kathy
Kathleen M. Fox, FASLA
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Executive DirectorOhio Cultural Facilities Commission100 E. Broad Street, Suite 300Columbus, OH 43215-3661
Vox: 614.752.2770Fax: 614-752-2775e-mail: [email protected]
visit our website: www.culture.ohio.gov
Building Culture in Ohio's Communities: The Ohio Cultural Facilities Commission, formerly the Ohio Arts & Sports Facilities Commission, overseescapital improvement funds appropriated by the Ohio General Assembly and Governor for community cultural facility projects including non-profittheaters, museums, historical sites and publicly owned professional sports venues. You are invited to visit www.culture.ohio.gov or call (614) 752-2770for more information on the Commission or to learn how we can assist your cultural facility project.From: [email protected] [mailto:[email protected]]Sent: Tuesday, December 28, 2010 12:11 PM
To: Kathy FoxCc: [email protected]: Contractual Papers....
(Dictated but not read by John Pepper)-------------------------
Dear Kathy,
I just want you to know that Ill be getting the contractual papers you sent me back to the appropriate officeearly the week of January 10. Ill mail out the week prior to that. My lawyer has raised one, I think relativelyminor, question with your staff.
Im assuming youll let Tom and Ben know if there are any missing pieces as far as youre concerned,preparing for the review with your committee in February.
Also, and very importantly, I would like to process the additional $450,000 at that same time. I think you havemy earlier e-mail. My wife and I will guarantee that. Given that, I dont think you will be incurring any risk.
Furthermore, as pointed out and I think Ben will be getting back to you, our latest cash flow numbers show that$450,000 as being vital to carrying us through to the point where we believe Federalization funds will beavailable.
Feel free to give me a call if any part of this is something that would benefit from our talking.
Best regards,
John Pepper(513) 293-7474
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Chris Bruner
From: Kathy FoxSent: Tuesday, December 28, 2010 12:34 PMTo: [email protected]: Tony Capaci; Chris Bruner; National Underground Railroad Freedom Center (594
@ocfcsp.oasfc.local); [email protected]; ; Donald's Yahoo;[email protected]
Subject: RE: Contractual Papers....
DearJohn,
Yes,Ireceivedyouremailof12/24/10at5:30PM. Asmentionedinaprioremail,ourofficeisclosedformandatoryCost
Savingsfurloughdaysthisweek. TheofficewillreopenonMonday1/3/2011. Couldyoupleasehaveyourattorney
forwardhisquestiontomesincemystaffisnotavailablethisweek? Iwillbespeakingwithourlegalcounselthis
afternoon,soifthereisanewquestionitwouldbehelpfulformetoknowwhatitistoday.
ThestatusoftheFreedomCenterprojectreviewremainsunchangedfrommylastemail: ourCommissionTreasureris
reviewingtheCommissionstaffsdraftreport. IexpecttheTreasurersfeedbacknextweek. OnMondaywhenour
officereopensandTonyCapaciisavailable,hecanreviewanynewinformationthatBenmayhaveprovided.
Bestregards,
Kathy
Kathleen M. Fox, FASLAExecutive DirectorOhio Cultural Facilities Commission100 E. Broad Street, Suite 300Columbus, OH 43215-3661
Vox: 614.752.2770Fax: 614-752-2775e-mail: [email protected]
visit our website: www.culture.ohio.gov
Building Culture in Ohio's Communities: The Ohio Cultural Facilities Commission, formerly the Ohio Arts & Sports Facilities Commission, overseescapital improvement funds appropriated by the Ohio General Assembly and Governor for community cultural facility projects including non-profittheaters, museums, historical sites and publicly owned professional sports venues. You are invited to visit www.culture.ohio.gov or call (614) 752-2770for more information on the Commission or to learn how we can assist your cultural facility project.From: [email protected] [mailto:[email protected]]Sent: Tuesday, December 28, 2010 12:11 PMTo: Kathy FoxCc: [email protected]: Contractual Papers....
(Dictated but not read by John Pepper)-------------------------
Dear Kathy,
I just want you to know that Ill be getting the contractual papers you sent me back to the appropriate officeearly the week of January 10. Ill mail out the week prior to that. My lawyer has raised one, I think relativelyminor, question with your staff.
Im assuming youll let Tom and Ben know if there are any missing pieces as far as youre concerned,preparing for the review with your committee in February.
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Also, and very importantly, I would like to process the additional $450,000 at that same time. I think you havemy earlier e-mail. My wife and I will guarantee that. Given that, I dont think you will be incurring any risk.Furthermore, as pointed out and I think Ben will be getting back to you, our latest cash flow numbers show that$450,000 as being vital to carrying us through to the point where we believe Federalization funds will beavailable.
Feel free to give me a call if any part of this is something that would benefit from our talking.
Best regards,
John Pepper(513) 293-7474
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Chris Bruner
From: Kathy FoxSent: Wednesday, December 22, 2010 5:01 PMTo: Donald's YahooCc: ; ; Tony Capaci; Chris Bruner; Amy Rice; ; Ken RobinsonSubject: RE: Freedom Center - Guarantee....
Don,
Thanksforyournote. Welookforwardtoreceivinganyadditionalinformationthatisavailable,includingabusiness
plantheFreedomCenterispreparingorhaspreparedtoaddressthepossibilitythatfederalizationmaynottakeplace.
TonyCapacihasaskedBenforabusinessplanthatwouldaccommodatesuchanevent,buthasnotreceivedityet. You
andIspokeabouttheneedfortheFreedomCentersExecutiveCommitteeorBoardtoapprovesucha fallbackbusiness
plan,andIhopethatapprovalisbeingscheduled.
Sothereisnomisunderstanding,thepurposeforussharingwithyouthedraftstaffreportinearlyJanuaryissothatwe
canmakesureallthefactsarecorrectinthereport; itisnotourintentiontocreateadebateabouttheanalysisor
recommendationsourstaffwillbeprovidingtotheCommission. Imsureyoucanappreciatethisdistinction.
Welookforwardtoreceivingthebusinessplanassoonasitisavailable. Wewillneeditnolaterthanthefirstweekin
Januaryinordertoreviewitandmakeanyupdatestoourstaffreport.
Thank you,andmybestwishesfortheholidaysandthenewyear!
Kathy
Kathleen M. Fox, FASLAExecutive DirectorOhio Cultural Facilities Commission100 E. Broad Street, Suite 300Columbus, OH 43215-3661
Vox: 614.752.2770
Fax: 614-752-2775e-mail: [email protected]
visit our website: www.culture.ohio.gov
Building Culture in Ohio's Communities: The Ohio Cultural Facilities Commission, formerly the Ohio Arts & Sports Facilities Commission, overseescapital improvement funds appropriated by the Ohio General Assembly and Governor for community cultural facility projects including non-profittheaters, museums, historical sites and publicly owned professional sports venues. You are invited to visit www.culture.ohio.gov or call (614) 752-2770for more information on the Commission or to learn how we can assist your cultural facility project.From: Donald's Yahoo [mailto:[email protected]]
Sent: Wednesday, December 22, 2010 4:15 PMTo: Kathy Fox
Cc: ; ; Tony Capaci; Chris Bruner; Amy Rice; ; KenRobinsonSubject: Re: Freedom Center - Guarantee....
KathyThanks for your response to John's note. If Ben's cash flow did not show the escrowed amount it should have. Inaddition, based on our last phone conversation, I believe we shoild have the opportunity to respond to the staffreport. This in light of the fact we have made significant budget adjustments that will give us a strong option forsustainability without federalization.
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I look forward to discussing this further after the first of the new year.
Have a Meery Christmas and a very prosperous New Year.
Warm regards,
Don
No greater love hath a man than this: to lay down his life for his friends.
On Dec 22, 2010, at 14:54, "Kathy Fox" wrote:
John,
Thankyouforyournoteregardingthestatusoftheguarantydocumentsforthe$850,000
appropriation. Wewilllookforwardtoreceivingthemwithinafewweeks.
YoualsoinquiredabouttheescrowedfundstheCommissionisholdingintheeventamanagement
transitionisrequiredforthefacility,asspecifiedinourexistingagreementswiththeFreedomCenter.
Ourfinancialanalysisgroupreviewedtherecentrequesttoreleasetheescrowedfunds,andisunable
torecommendsuchareleaseevenwithaguaranty. Intheeventthatfederalizationdoesnotoccurand
theFreedomCenterisunabletocontinuetooperatethebuilding,theescrowedfundswillbeneededto
provideforutilities,securityandinsuranceonthebuildinguntilsuchtimeasanewnonprofitcultural
usecanbeputinplace,orthereisanothersuitabledispositionforthebuilding. Ourfinancialanalysis
grouphasincludeditsrecommendationsinourdraftstaffreport,which isnowbeingreviewedbythe
CommissionTreasurer. Ourfinancialanalysisgroupalsoreviewedthecashflowprojectionprovidedby
BenReeceattheFreedomCenter.Thecashflowprojectionanticipates$850,000fromtheCommission
inFebruary2011,butdoesnotindicateareturnoftheescrowedfunds.
OncetheCommissionTreasurerhasprovidedhisfeedbackonthedraftreport,wewillsendthereport
totheFreedomCenterforyourinformation. PleasenotethatourofficewillbeclosedbeginningFriday,
December24throughtheendoftheyearformandatoryCostSavingsfurloughdays. Ourofficewill
reopenonMonday,January3,2011.
Bestregards,
Kathy
Kathleen M. Fox, FASLA
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Executive Director
Ohio Cultural Facilities Commission
100 E. Broad Street, Suite 300Columbus, OH 43215-3661
Vox: 614.752.2770
Fax: 614-752-2775
e-mail: [email protected]
visit our website: www.culture.ohio.gov
Building Culture in Ohio's Communities: The Ohio Cultural Facilities Commission, formerly the Ohio Arts & Sports FacilitiesCommission, oversees capital improvement funds appropriated by the Ohio General Assembly and Governor for community culturalfacility projects including non-profit theaters, museums, historical sites and publicly owned professional sports venues. You areinvited to visit www.culture.ohio.gov or call (614) 752-2770 for more information on the Commission or to learn how we can assistyour cultural facility project.
From:[email protected] [mailto:[email protected]]Sent: Tuesday, December 21, 2010 1:41 PMTo: Kathy FoxCc:[email protected]
Subject: Freedom Center - Guarantee....
Kathy,
I have the documents supporting the $850,000 and have sent them on to my lawyer. I expect we'll beable to process these quite quickly.
There is the additional $450,000 or so that is also being held in escrow that my wife and I want toguarantee so they can also be released in February. This, of course, is as we talked in the past. Could Iask that documents covering these funds also be sent to me so I can move them along.
Best regards,
John Pepper
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Chris Bruner
From: Donald's Yahoo [[email protected]]Sent: Wednesday, December 22, 2010 4:15 PMTo: Kathy FoxCc: ; ; Tony Capaci; Chris Bruner; Amy Rice; ; Ken RobinsonSubject: Re: Freedom Center - Guarantee....
KathyThanks for your response to John's note. If Ben's cash flow did not show the escrowed amount it should have. Inaddition, based on our last phone conversation, I believe we shoild have the opportunity to respond to the staffreport. This in light of the fact we have made significant budget adjustments that will give us a strong option forsustainability without federalization.
I look forward to discussing this further after the first of the new year.
Have a Meery Christmas and a very prosperous New Year.
Warm regards,
Don
No greater love hath a man than this: to lay down his life for his friends.
On Dec 22, 2010, at 14:54, "Kathy Fox" wrote:
John,
Thankyouforyournoteregardingthestatusoftheguarantydocumentsforthe$850,000
appropriation. Wewilllookforwardtoreceivingthemwithinafewweeks.
YoualsoinquiredabouttheescrowedfundstheCommissionisholdingintheeventamanagement
transitionisrequiredforthefacility,asspecifiedinourexistingagreementswiththeFreedomCenter.
Ourfinancialanalysisgroupreviewedtherecentrequesttoreleasetheescrowedfunds,andisunable
torecommendsuchareleaseevenwithaguaranty. Intheeventthatfederalizationdoesnotoccurand
theFreedomCenterisunabletocontinuetooperatethebuilding,theescrowedfundswillbeneededto
provideforutilities,securityandinsuranceonthebuildinguntilsuchtimeasanewnonprofitculturalusecanbeputinplace,orthereisanothersuitabledispositionforthebuilding. Ourfinancialanalysis
grouphasincludeditsrecommendationsinourdraftstaffreport,which isnowbeingreviewedbythe
CommissionTreasurer. Ourfinancialanalysisgroupalsoreviewedthecashflowprojectionprovidedby
BenReeceattheFreedomCenter.Thecashflowprojectionanticipates$850,000fromtheCommission
inFebruary2011,butdoesnotindicateareturnoftheescrowedfunds.
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22
OncetheCommissionTreasurerhasprovidedhisfeedbackonthedraftreport,wewillsendthereport
totheFreedomCenterforyourinformation. PleasenotethatourofficewillbeclosedbeginningFriday,
December24throughtheendoftheyearformandatoryCostSavingsfurloughdays. Ourofficewill
reopenonMonday,January3,2011.
Bestregards,
Kathy
Kathleen M. Fox, FASLA
Executive Director
Ohio Cultural Facilities Commission
100 E. Broad Street, Suite 300Columbus, OH 43215-3661
Vox: 614.752.2770
Fax: 614-752-2775
e-mail: [email protected]
visit our website: www.culture.ohio.gov
Building Culture in Ohio's Communities: The Ohio Cultural Facilities Commission, formerly the Ohio Arts & Sports FacilitiesCommission, oversees capital improvement funds appropriated by the Ohio General Assembly and Governor for community culturalfacility projects including non-profit theaters, museums, historical sites and publicly owned professional sports venues. You areinvited to visit www.culture.ohio.gov or call (614) 752-2770 for more information on the Commission or to learn how we can assistyour cultural facility project.
From:[email protected] [mailto:[email protected]]
Sent: Tuesday, December 21, 2010 1:41 PMTo: Kathy FoxCc:[email protected]
Subject: Freedom Center - Guarantee....
Kathy,
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23
I have the documents supporting the $850,000 and have sent them on to my lawyer. I expect we'll beable to process these quite quickly.
There is the additional $450,000 or so that is also being held in escrow that my wife and I want toguarantee so they can also be released in February. This, of course, is as we talked in the past. Could I
ask that documents covering these funds also be sent to me so I can move them along.
Best regards,
John Pepper
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Chris Bruner
From: Kathy FoxSent: Wednesday, December 22, 2010 2:55 PMTo: [email protected]: [email protected]; Tony Capaci; Chris Bruner; Amy Rice; National Underground Railroad
Freedom Center ([email protected])Subject: RE: Freedom Center - Guarantee....
John,
Thankyouforyournoteregardingthestatusoftheguarantydocumentsforthe$850,000appropriation. Wewilllook
forwardtoreceivingthemwithinafewweeks.
YoualsoinquiredabouttheescrowedfundstheCommissionisholdingintheeventamanagementtransitionis
requiredforthefacility,asspecifiedinourexistingagreementswiththeFreedomCenter. Ourfinancialanalysisgroup
reviewedtherecentrequesttoreleasetheescrowedfunds,andisunabletorecommendsuchareleaseevenwitha
guaranty. IntheeventthatfederalizationdoesnotoccurandtheFreedomCenterisunabletocontinuetooperatethe
building,theescrowedfundswillbeneededtoprovideforutilities,securityandinsuranceonthebuildinguntilsuch
timeasanewnonprofitculturalusecanbeputinplace,orthereisanothersuitabledispositionforthebuilding. Our
financialanalysisgrouphasincludeditsrecommendationsinourdraftstaffreport,which isnowbeingreviewedbytheCommissionTreasurer. OurfinancialanalysisgroupalsoreviewedthecashflowprojectionprovidedbyBenReeceatthe
FreedomCenter.Thecashflowprojectionanticipates$850,000fromtheCommissioninFebruary2011,butdoesnot
indicateareturnoftheescrowedfunds.
OncetheCommissionTreasurerhasprovidedhisfeedbackonthedraftreport,wewillsendthereporttotheFreedom
Centerforyourinformation. PleasenotethatourofficewillbeclosedbeginningFriday,December24throughtheend
oftheyearformandatoryCostSavingsfurloughdays. OurofficewillreopenonMonday,January3,2011.
Bestregards,
Kathy
Kathleen M. Fox, FASLAExecutive DirectorOhio Cultural Facilities Commission100 E. Broad Street, Suite 300Columbus, OH 43215-3661
Vox: 614.752.2770Fax: 614-752-2775e-mail: [email protected]
visit our website: www.culture.ohio.gov
Building Culture in Ohio's Communities: The Ohio Cultural Facilities Commission, formerly the Ohio Arts & Sports Facilities Commission, oversees
capital improvement funds appropriated by the Ohio General Assembly and Governor for community cultural facility projects including non-profittheaters, museums, historical sites and publicly owned professional sports venues. You are invited to visit www.culture.ohio.gov or call (614) 752-2770for more information on the Commission or to learn how we can assist your cultural facility project.From: [email protected] [mailto:[email protected]]
Sent: Tuesday, December 21, 2010 1:41 PM
To: Kathy Fox
Cc: [email protected]: Freedom Center - Guarantee....
Kathy,
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25
I have the documents supporting the $850,000 and have sent them on to my lawyer. I expect we'll be able to processthese quite quickly.
There is the additional $450,000 or so that is also being held in escrow that my wife and I want to guarantee so they canalso be released in February. This, of course, is as we talked in the past. Could I ask that documents covering thesefunds also be sent to me so I can move them along.
Best regards,John Pepper
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Chris Bruner
From: Tony CapaciSent: Monday, December 20, 2010 4:58 PMTo: [email protected]: Chris BrunerSubject: board or executive committee approved business plan
Ben,
Ourpreliminaryreportandrecommendationismakingitswaythroughreviewofsomeofthekeyboardmembers.
AlthoughwehavenotheardbackintheentiretyonthereportIthinkatthispointitissafetosaytheCommissionwillbe
requiringoftheFreedomCenteraboardorexecutivecommitteeapprovedbusinessplanaddressingthecashflow
needsoftheFreedomCentershouldthecashprojectionsfallshort. ThisisapointKathyhasdiscussedwithDonandI
wanttogiveyouasmuchtimeaspossibletoattendtoit.
Ifyouhaveanyquestionsletmeknow.
Thanks
TheCommissionofficeswillbeclosedfortheholidaysbeginningThursday,December23at5p.m.throughFriday,
December31,2010at5p.m. WewillreopenMonday,January3,2011at8a.m
TonyCapaci
ChiefFinancialAnalyst
OhioCulturalFacilitiesCommission
100E.BroadStreet,Suite300
Columbus,OH 432153416
Telephone:6147286924
Fax:6147522775
email: [email protected]
website:www.culture.ohio.gov
TheOhioCulturalFacilitiesCommission,formerlytheOhioArts&SportsFacilitiesCommission,overseescapitalimprovementfundsappropriatedbytheOhio
GeneralAssemblyandGovernorforcommunityculturalfacilityprojectsincludingnonprofit theaters,museums,historicalsitesandpubliclyownedprofessional
sportsvenues.Youareinvitedtovisitwww.culture.ohio.govorcall(614)7522770formoreinformationontheCommissionortolearnhowwecanassistyourculturalfacilityproject.
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Chris Bruner
From: Amy RiceSent: Thursday, December 16, 2010 10:00 AMTo: Tony Capaci; '[email protected]'Cc: Chris Bruner; National Underground Railroad Freedom Center ([email protected])Subject: RE: release of liens/title of opinionAttachments: title opinion letter form.doc
Ben,
AttachedisthetitleopinionlettertemplateTonymentionedbelow.Pleasehaveyourattorneycompleteandforwardas
quickaspossible.
Thankyou,
Amy
Amy RiceChief Project Manager
Ohio Cultural Facilities Commission100 E. Broad Street, Suite 300Columbus, OH 43215-3416
Telephone: 614-752-2770Direct: 614-728-8931Fax: 614-752-2775e-mail: [email protected]: www.culture.ohio.gov
TheCommissionofficeswillbeclosedfortheholidaysbeginningThursday,December23at5p.m.throughFriday,
December31,2010at5p.m. WewillreopenMonday,January3,2011at8a.m.
Building Culture in Ohio's Communities:The Ohio Cultural Facilities Commission, formerly the Ohio Arts & Sports Facilities Commission, oversees
capital improvement funds appropriated by the Ohio General Assembly and Governor for community cultural facility projects including non-profittheaters, museums, historical sites and publicly owned professional sports venues. You are invited to visit www.culture.ohio.gov or call (614) 752-2770for more information on the Commission or to learn how we can assist your cultural facility project.
From: Tony CapaciSent: Tuesday, December 14, 2010 10:57 AM
To: [email protected]: Chris Bruner; Amy Rice; National Underground Railroad Freedom Center ([email protected])Subject: release of liens/title of opinion
Ben,
Asyoumayrecallwewillrequireatitleofopinionletteronyourattorneysletterheadconfirmingcleantitletothe
building. (Inthepastthereweresomeissueswithmechanicsliens)Amywillforwardyouacopyoftheopinionoftitle
templatehowever,untilthenIwouldlikeyourconfirmthattitleisclean. Isupposethebanksremovedalloftheirliens.
Pleaserespond.
Thanks,
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TonyCapaci
ChiefFinancialAnalyst
OhioCulturalFacilitiesCommission
100E.BroadStreet,Suite300
Columbus,OH 432153416
Telephone:6147286924
Fax:6147522775
email: [email protected]
website:www.culture.ohio.gov
TheOhioCulturalFacilitiesCommission,formerlytheOhioArts&SportsFacilitiesCommission,overseescapitalimprovementfundsappropriatedbytheOhio
GeneralAssemblyandGovernorforcommunityculturalfacilityprojectsincludingnonprofit theaters,museums,historicalsitesandpubliclyownedprofessional
sportsvenues.Youareinvitedtovisitwww.culture.ohio.govorcall(614)7522770formoreinformationontheCommissionortolearnhowwecanassistyour
culturalfacilityproject.
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Chris Bruner
From: Kathy FoxSent: Tuesday, December 14, 2010 6:02 PMTo: Tom RoccoCc: Amy Rice; Jessica DeLong; Tony Capaci; Chris Bruner; National Underground Railroad
Freedom Center ([email protected])Subject: RE: NURFC guaranty doc
ThanksTom. IveupdatedtheToDolistsoourstaffcanmovethistothenextstep.
Kathy
Kathleen M. Fox, FASLAExecutive DirectorOhio Cultural Facilities Commission100 E. Broad Street, Suite 300Columbus, OH 43215-3661
Vox: 614.752.2770Fax: 614-752-2775e-mail: [email protected]
visit our website: www.culture.ohio.gov
Building Culture in Ohio's Communities: The Ohio Cultural Facilities Commission, formerly the Ohio Arts & Sports Facilities Commission, overseescapital improvement funds appropriated by the Ohio General Assembly and Governor for community cultural facility projects including non-profittheaters, museums, historical sites and publicly owned professional sports venues. You are invited to visit www.culture.ohio.gov or call (614) 752-2770for more information on the Commission or to learn how we can assist your cultural facility project.From: Tom Rocco [mailto:[email protected]]Sent: Tuesday, December 14, 2010 5:05 PMTo: Kathy FoxSubject: NURFC
I
have
drafted
and
upload
to
Sharepoint
a
guaranty
for
execution
by
the
Peppers.
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Chris Bruner
From: Tony CapaciSent: Tuesday, December 14, 2010 11:06 AMTo: Amy Rice; Jessica DeLong; Chris BrunerCc: National Underground Railroad Freedom Center ([email protected])Subject: FW: release of liens/title of opinion
From:[email protected][mailto:[email protected]]
Sent: Tuesday, December 14, 2010 11:07 AMTo: Tony CapaciSubject: Re: release of liens/title of opinion
Tony,
To best of my knowledge, there are no liens against the Center at this time.
From: "Tony Capaci" To: Cc: "Chris Bruner" , "Amy Rice" , Date: 12/14/2010 11:01 AMSubject: release of liens/title of opinion
Ben,Asyoumayrecallwewillrequireatitleofopinionletteronyourattorneysletterheadconfirmingcleantitletothebuilding. (Inthe
pastthereweresomeissueswithmechanicsliens)Amywillforwardyouacopyoftheopinionoftitletemplatehowever,untilthenI
wouldlikeyourconfirmthattitleisclean. Isupposethebanksremovedalloftheirliens.Pleaserespond.Thanks,
TonyCapaci
ChiefFinancialAnalyst
OhioCulturalFacilitiesCommission
100E.BroadStreet,Suite300
Columbus,OH 432153416
Telephone:6147286924
Fax:6147522775
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email: [email protected]
website:www.culture.ohio.govTheOhioCulturalFacilitiesCommission,formerlytheOhioArts&SportsFacilitiesCommission,overseescapitalimprovementfundsappropriatedbytheOhioGeneral
AssemblyandGovernorforcommunityculturalfacilityprojectsincludingnonprofit theaters,museums,historicalsitesandpubliclyownedprofessionalsportsvenues.You
areinvitedtovisitwww.culture.ohio.govorcall(614)7522770formoreinformationontheCommissionortolearnhowwecanassistyourculturalfacilityproject.
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Chris Bruner
From: Tony CapaciSent: Tuesday, December 14, 2010 11:00 AMTo: Amy RiceCc: Chris Bruner; National Underground Railroad Freedom Center ([email protected])Subject: changes to Nurfc resolution/guaranty
Amy,
Ihavemadechangestothenurfcpasrwhich(ifKathy)acceptsthemwillchangetheconditionsofapprovalandalsothe
resolution. Also,thechangeswillaffecttheJohnPepperguarantee.(IbelieveJDhasdrafteditsofar?)
Thanks,
TonyCapaci
ChiefFinancialAnalyst
OhioCulturalFacilitiesCommission100E.BroadStreet,Suite300
Columbus,OH 432153416
Telephone:6147286924
Fax:6147522775
email: [email protected]
website:www.culture.ohio.gov
TheOhioCulturalFacilitiesCommission,formerlytheOhioArts&SportsFacilitiesCommission,overseescapitalimprovementfundsappropriatedbytheOhio
GeneralAssemblyandGovernorforcommunityculturalfacilityprojectsincludingnonprofit theaters,museums,historicalsitesandpubliclyownedprofessional
sportsvenues.Youareinvitedtovisitwww.culture.ohio.govorcall(614)7522770formoreinformationontheCommissionortolearnhowwecanassistyour
culturalfacilityproject.
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Chris Bruner
From: Tony CapaciSent: Tuesday, December 14, 2010 10:57 AMTo: [email protected]: Chris Bruner; Amy Rice; National Underground Railroad Freedom Center (594
@ocfcsp.oasfc.local)Subject: release of liens/title of opinion
Ben,
Asyoumayrecallwewillrequireatitleofopinionletteronyourattorneysletterheadconfirmingcleantitletothe
building. (Inthepastthereweresomeissueswithmechanicsliens)Amywillforwardyouacopyoftheopinionoftitle
templatehowever,untilthenIwouldlikeyourconfirmthattitleisclean. Isupposethebanksremovedalloftheirliens.
Pleaserespond.
Thanks,
TonyCapaci
ChiefFinancialAnalyst
OhioCulturalFacilitiesCommission
100E.BroadStreet,Suite300
Columbus,OH 432153416
Telephone:6147286924
Fax:6147522775
email: [email protected]
website:www.culture.ohio.gov
TheOhioCulturalFacilitiesCommission,formerlytheOhioArts&SportsFacilitiesCommission,overseescapitalimprovementfundsappropriatedbytheOhio
GeneralAssemblyandGovernorforcommunityculturalfacilityprojectsincludingnonprofit theaters,museums,historicalsitesandpubliclyownedprofessional
sportsvenues.Youareinvitedtovisitwww.culture.ohio.govorcall(614)7522770formoreinformationontheCommissionortolearnhowwecanassistyourculturalfacilityproject.
-
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Chris Bruner
From: Chris BrunerSent: Tuesday, December 14, 2010 9:33 AMTo: Tony CapaciSubject: NURFC -- Hamilton County Recorder's results (with links)
Unregistered Land:Indiv. Names | Corporations | Book/Page # | Document # | Subdiv/Lot | Sect/Town/Range | Mil. SurveyRegistered Land:Indiv. Names | Corporations | Book/Page # | Document # | Certificate # | By DateOther Searches:Subdivision Index | Military Discharges | Partnership Names | 8th Series Images
Search Unregistered Land: Corporations Select Parties Select Documents
Viewing Results: 1 - 19 of 19Pages: 1
Select Document
Select DocumentNumber
Book/Page
Party Name Document Type DateRecorded
8th Series/ LegalDesc
Status Remarks
02 210522 9060 /4169
NATIONALUNDERGROUNDRAILROAD FREEDOMCENTER INCDECLARATION
DEED 10/21/2002 153 / 10
02 231507 9088 /5322
NATIONALUNDERGROUND
RAILROAD FREEDOMCENTER INC
NOTICE OFCOMMENCEMENT
11/20/2002 153 / 11
03 314573 9191 /7501
NATIONALUNDERGROUNDRAILROAD FREEDOMCENTER INC AMENDED
NOTICE OFCOMMENCEMENT
03/04/2003 153 / 11
03 336373 9215 /6528
NATIONALUNDERGROUNDRAILROAD FREEDOMCENTER INC AMENDED
NOTICE OFCOMMENCEMENT
03/27/2003 153 / 11
03 335991 9215 /5031
NATIONALUNDERGROUNDRAILROAD FREEDOMCENTER INCMEMORANDUM
LEASE 03/27/2003 153 / 10
03 353984 9237 /4717
NATIONALUNDERGROUNDRAILROAD FREEDOMCENTER INC
MORTGAGE 04/16/2003 BANKS, THEPHASE 1 - 3
03 380605 9270 /4095
NATIONALUNDERGROUNDRAILROAD FREEDOMCENTER INC
NOTICE OFCOMMENCEMENT
05/19/2003 BANKS, THEPHASE 1 - 3
03 473751 9379 /4397
NATIONALUNDERGROUNDRAILROAD FREEDOM
NOTICE OFCOMMENCEMENT
08/28/2003 BANKS, THEPHASE 1 - 3
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CENTER INC FOURTHAMENDED
03 597200 9492 /3971
NATIONALUNDERGROUNDRAILROAD FREEDOMCENTER INC
MECHANICS LIEN 12/29/2003 BANKS, THEPHASE 1 - 3
04 46715 9529 /2949
NATIONALUNDERGROUNDRAILROAD FREEDOM
CENTER INC
MECHANICS LIEN 02/06/2004 BANKS, THEPHASE 1 - 3
04 46964 9529 /3926
NATIONALUNDERGROUNDRAILROAD FREEDOMCENTER INC
LIEN ON PUBLICFUNDS
02/06/2004 NO LEGAL
04 62935 9549 /12
NATIONALUNDERGROUNDRAILROAD FREEDOMCENTER INC
REAL ESTATE ONFINANCINGSTATEMENT
03/02/2004 BANKS, THEPHASE 1 - 3
04 63996 9551 /1042
NATIONALUNDERGROUNDRAILROAD FREEDOMCENTER INC
NOTICE OFCOMMENCEMENT
03/03/2004 BANKS, THEPHASE 1 - 3
08 52059 10826
/ 1641
BOARD OF COUNTY
COMMISSIONERS OFHAMILTON COUNTYSECOND AMENDME
DEED 04/17/2008 BANKS, THE
PHASE 1 - 3,BANKS, THEPHASE 1 - 7
08 52671 10829/ 908
NATIONALUNDERGROUNDRAILROAD FREEDOMCENTER INC
RELEASES ONSEPARATEINSTRUMENT
04/18/2008 BANKS, THEPHASE 1 - 3
08 109841 10920/ 522
NATIONALUNDERGROUNDRAILROAD FREEDOMCENTER INC
LEASE 08/08/2008
08 145407 10987/ 445
NATIONALUNDERGROUNDRAILROAD FREEDOM
CENTER INC
CONTINUATION OFFINANCINGSTATEMENT
10/30/2008 BANKS, THEPHASE 1 - 3
08 150892 10997/ 1024
NATIONALUNDERGROUNDRAILROAD FREEDOMCENTER INC
AMENDMENT OFFINANCINGSTATEMENT
11/13/2008 BANKS, THEPHASE 1 - 3
10 50647 11425/ 1428
NATIONALUNDERGROUNDRAILROAD FREEDOMCENTER INC
RELEASES ONSEPARATEINSTRUMENT
05/07/2010 BANKS AVE.SUB - 3
Viewing Results: 1 - 19 of 19
Pages: 1
Hamilton County History
Land Measurement Tables
Cemeteries by Plat Section and PageMerger InformationMailbox Information
DISCLAIMER:The Hamilton County Recorder's Office presents the information on this web site as a service to the public. The Hamilton CountyRecorder reserves the right to make changes and improvements at any time and without notice, and assumes no liability for damages incurred
directly or indirectly as a result of errors, omissions or discrepancies.
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Click link to HAMILTON COUNTY AUDITOR for property ownership information.
Copyright 2001 - 2010 Hamilton County Recorder
ChrisBrunerConsultant
OhioCulturalFacilitiesCommission
100E.BroadStreet,Suite300
Columbus,OH 432153661
Office:(614)7522774
Email:[email protected]
Website:http://culture.ohio.gov/
TheCommissionofficeswillbeclosedfortheholidaysbeginningThursday,December23at5p.m.throughFriday,
December31,2010at5p.m. WewillreopenMonday,January3,2011at8a.m.
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Chris Bruner
From: Tony CapaciSent: Thursday, December 09, 2010 10:40 AMTo: Kathy FoxCc: Chris Bruner; National Underground Railroad Freedom Center ([email protected])Subject: FW: NURFC -- Cash flow responses and what we still need from them FW: questions on
cash flowAttachments: Responses to TC email dated 12-6-10.doc
Kathy,
IamfeelingabitbetterandthoughtitbesttocheckinonNurfc.(Iwillbeworkingfromhome(probablyforafewhours
atleast)toattendtoanyhotissuessoIfyouneedmefeelfreetocall(home7405870711;betterthancell;oremail;
thisgoesforyoutooChris)
RegardingtheFreedomCenter,asChrishasindicatedBensresponsestomyconcernsarereasonableenough.
Although,Istillhaveconcernsaboutthelevelofoperatingcostcashoutflowsinthecashflow,Benseemstobelieve
thoselevelsareobtainableandtherefore,Icanmoveclosertorecommending theapproval,contingentonJohn
Peppersguarantee. (Ifweapprovethefunding,weareinnoworseapositionwiththeguaranteeandthefundingwill
gettheFreedomCenterclosertofederalizationwhichultimatelyisourbestshotatattainingculturefromthefacilityfor
the
next
fifteen
years)
However,
that
being
said
there
remains
a
risk
that
the
Freedom
centers
cash
will
not
be
sufficienttogetthemtofederalizationevenwithourfunding(despiteBensreassurances). InorderfortheplanasIunderstandit
toworkthenewDevelopmentDirectorwillhavetobeassuccessfulinfundraisingasisindicatedbythe levelBen
projects,(whichissomewhatofadeviationtothesuccessfulfundraisingstrategytheyhavebeenemploying),thepro
bonolobbyistwillhavetobesuccessfulwiththefederalization,andthedecreasedcashoutflowswillhavetobe
attained. BenhasindicatedDonMurphywilltaketheissueupofthisriskdirectlywithyou. Ultimately,Iwouldlikethe
FreedomCentertoacknowledgetheircashprojectionisnotfailsafeandtheyshouldbeaddressingthepossibleimpact
ofnegativecashbeforefederalization. IfDoncouldsatisfyyouandtheCommissiononthispoint Ithinkwecould
recommendtotheCommissiontogoforwardwiththeapproval. IfyoufeelweneedaboardapprovedplanIwould
supportthathowever,IbelievewecanreachthesamelevelofassurancebydirecttalksbetweenyouandDon.
Letmeknowyourthoughts.
Thanks,
Tony
From: Chris BrunerSent: Wednesday, December 08, 2010 10:04 AMTo: Kathy FoxCc: Tony Capaci; [email protected]: NURFC -- Cash flow responses and what we still need from them FW: questions on cash flow
Kathy:
IhavereviewedBensresponsestoTonyslatestsetofquestions. Theyseemreasonable,butIdonotbelievethenew
informationwillalterourpositiononNURFC,whichwediscussedlastweek.
Itwillstillbeimportanttohavethebackupplan,approvedbytheboardofdirectors,thatdetailsthestepstheywill
takeifthingsturnoutworsethanexpected. Allofthatinformationwillneedtobeincorporatedintoourfinancial
analysisbeforewecanmakeafinalrecommendation.
Thisbackupplaniscurrentlytheonlypieceofinformationonwhichwearewaiting. TonylastrequesteditonMonday,
December6,2010.
Thanks,
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CB
ChrisBrunerConsultant
OhioCulturalFacilitiesCommission
100E.BroadStreet,Suite300
Columbus,OH 432153661
Office:(614)7522774Email:[email protected]
Website:http://culture.ohio.gov/
From: Tony Capaci
Sent: Wednesday, December 08, 2010 9:33 AMTo: Chris BrunerSubject: FW: questions on cash flow
KathyaskedmetoforwardthisresponsethatTonyreceivedfromNURFC
Keith WileyManagement Information CoordinatorOhio Cultural Facilities Commission100 E. Broad Street, Suite 300Columbus, OH 43215-3661
Telephone: 614-752-2770Direct: 614-995-7557Fax: 614-752-2775e-mail: [email protected]: www.culture.ohio.gov
Building Culture in Ohio's Communities:The Ohio Cultural Facilities Commission, formerly the Ohio Arts & Sports Facilities Commission, overseescapital improvement funds appropriated by the Ohio General Assembly and Governor for community cultural facility projects including non-profittheaters, museums, historical sites and publicly owned professional sports venues. You are invited to visit www.culture.ohio.gov or call (614) 752-2770for more information on the Commission or to learn how we can assist your cultural facility project.
From: [email protected] [mailto:[email protected]]Sent: Monday, December 06, 2010 2:12 PMTo: Tony Capaci
Subject: RE: questions on cash flow
Tony,
Attached is my response to your three questions below, I believe Don has asked Kathy for clarification to your lastparagraph. Please let me know if you have any other questions.
Thank you,
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From: "Tony Capaci" To: Cc: "Kathy Fox" , "Chris Bruner" , Date: 12/06/2010 01:20 PMSubject: RE: questions on cash flow
Ben,Thankyouforyourresponse,IhopeyouarefeelingbetterandIhopeallwentwellwithyourmotherssurgery. Ihavereviewed
yourresponseandhaveafewmorequestions:1) Couldyoukindlybackoutanypermanentlyrestrictedfundsincludedascashinflowinthecashflowandresubmit.2) IamnotclearonyourexplanationtomyDOEfundingquestion. Letmerephrasemyquestion;Footnote#2inthe12/31/09
audit indicates$400kistobereceivedfromtheDOEbetweentheperiod10/1/099/30/11however,yourcashflowindicates$760K
ofcashcominginfromtheDOEbetween10/1/10 9/30/11. Youmentionaccrualshowever,sinceitisacashflowtheonlyaspect
weareconcernedwithishowmuchcashincomingin. PleaseconfirmtometheexpectedcashcominginfromtheDOEbetween
nowand9/30/11andadjustthecashflowifneedbe.3) Youindicateoperatingexpenseshavebeensignificantlyreducedintheareaofprofessionallobbyist,fundraisingandtraveling
exhibits.
However,Isuspecttheprofessionallobbyistwasusedtoassistintheobtainingofthefederallegislationandthefundraising
obviouslytobeusedinhelpingtoattainyourfundraisingcashinflowprojection. Inoteyourfundraisingcashinflowprojectionisin
keepingwiththeactualfundraisingrevenuesrecordedinyourYTD9/30/10financials(whichissignificantlyhigherthanactual
previousyears)however,ifyoureducefundraisingcostswillyoubeabletomaintainthefundraisinginflowlevelsindicatedinthe
cashflow?Also,howwillcuttinglobbyistaffecttheoutcomeofthefederallegislation?
Informulatingmyrecommendation totheCommissiontoapprovetheOCFCfundingandinadditiontoMr.PeppersguaranteeIwill
be
looking
at
the
probability
of
the
Freedom
Centers
ability
to
remain
viable
until
Federalization
occurs,
assuming
OCFC
funding
in
February2011. Iknowitisyourunderstandingthefull$3MofFederaldollarswillbereceivedinOctober2011, fundraisingwill
continueatthoselevelsrecentlyobtainedinyourYTD2010numbers, andreducedoperatingcostwillberealizedasisindicatedby
yourcashprojectionhowever,intheeventthoseexpectationsarenotfullyrealized doestheboardhaveabackupplan? Kindly
sharewithmeyoursentimentssoImayprepareforthepossibilityofthosereservations.
Thanks,Tony
From: [email protected] [mailto:[email protected]]Sent: Monday, December 06, 2010 10:46 AM
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To: Tony CapaciSubject: RE: questions on cash flow
Tony,
I was out sick for much of last week. Attached is my response to your questions below, please let me know if you haveany other questions.
Thank you,
From: "Tony Capaci" To: Cc: "Kathy Fox" , "Chris Bruner" , Date: 11/30/2010 12:34 PMSubject: RE: questions on cash flow
Ben,Ihavereviewedthe15monthcashflowandhaveafewquestions:1) WhenIcomparetheprivatesupportinthecashflowtothetotalsupportinthefinancialstatementat9/30/10(annualized)the
cashflowprojectionsappeartolineup. However,whenIbackthepermanentlyrestrictedandtemporarilyrestrictedcashfromthe
9/31/10financialtheunrestrictedsupport(onanannualizedbasis)appearstobequiteabitlowerthanthe2011projection. I
suspectthepermanentlyrestrictedfundraisingonthe9/30/10financialisfortheoperatingendowmentandshouldnotbeincluded
inaprojected(operating)cashflow. Didyoubaseyourprojectionofthecashflowontheactualfundraisingachievedasshownin
the9/30/10financialsincludingtemporarilyrestrictedsupport. Whataretherestrictionsontemporarilyrestrictedthatyou
anticipatewillallowittobeincludedforgeneraloperatingpurposes?
2) Isee$485Kin12/10forDOEand$275Kthrough9/2011alsoforDOEforatotalof$760K(IassumenoDOEfundshavebeen
collectedatYTD9/30/10)However,footnote#2inthe9/30/09auditstatesthetwoyearDOEgrantforthetwoyearperiod10/1/09
9/30/11is$400K?whythedifference? ArestateDOEfundsincludedwiththeFederalinthecashflow?3) Theoperatingexpensesontheaccrualbasisasindicatedinthe9/30/09audit(netofdepreciation)are
approximately$8.2M;theoperatingexpensesfor2010asindicatedontheproformaare$6.2M(alsoonthe
accrualbasis);YTDexpensesnetofdepreciationonthe9/30/10statementofactivityare$5.6Mfor9months
or$7.6M(annualized);proforma2011are$5.6M; thecashoutflowsonthecashflowtotal$5.6Mfor2011.
2011proformaand cashflowisquiteadecreasefrom FYE09,proforma2010andannualized2010. Whatare
thecutsincostsfromthe9/30/09auditthatwillaccountfor$1.6M?
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IammeetingwithKathythisafternoontodiscussthecashflowandifatallpossibleIwouldliketoincludeyourresponses. Ifnot
possibleIwillupdateKathyonyourresponseonceIreceiveit.
Thanks,
From: [email protected] [mailto:[email protected]]Sent: Monday, November 29, 2010 3:01 PMTo: Tony CapaciSubject: Re: estimated security cost for six months ( mothballed)
Attached are the cash flow statements requested, both are in one file.
As for estimating security cost, I would offer up that the systems be setup to automaticallycontact either the local police or fire station or simply keep Guardsmark on call for anautomatic notification from the system, which would limit the cost to actual time needed,Currently we pay an average of $18 per hour for Guardsmark Security Services. If deemed
necessary a guard could be kept at the console 24/7, we currently only have 24 hour coveragesix days a week.. I would estimate 24/7 service at a cost of $79,000 (365 days X 24 Hours x .5
X $18 per hour). Please let me know if you have any other questions.
From: "Tony Capaci" To: Cc: "Chris Bruner" , Date: 11/23/2010 04:26 PMSubject: estimated security cost for six months ( mothballed)
Ben,Couldyoukindlygiveusanestimatedsecuritycostforsixmonthsifthebuildingweretobemothballed.
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42
Thanks,
HolidayOfficeClosure: TheOhioCulturalFacilitiesofficewillbeclosedonThursday,November25andFriday,November26forThanksgivingWeekend. TheofficewillreopenonMonday,November29at8a.m.TonyCapaci
ChiefFinancialAnalyst
OhioCulturalFacilitiesCommission
100E.BroadStreet,Suite300
Columbus,OH 432153416
Telephone:6147286924
Fax:6147522775
email: [email protected]
website:www.culture.ohio.govTheOhioCulturalFacilitiesCommission,formerlytheOhioArts&SportsFacilitiesCommission,overseescapitalimprovementfundsappropriatedbytheOhioGeneral
AssemblyandGovernorforcommunityculturalfacilityprojectsincludingnonprofit theaters,museums,historicalsitesandpubliclyownedprofessionalsportsvenues.You
areinvitedtovisitwww.culture.ohio.govorcall(614)7522770formoreinformationontheCommissionortolearnhowwecanassistyourculturalfacilityproject.
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Chris Bruner
From: Chris BrunerSent: Wednesday, December 08, 2010 10:04 AMTo: Kathy FoxCc: Tony Capaci; '[email protected]'Subject: NURFC -- Cash flow responses and what we still need from them FW: questions on cash flowAttachments: Responses to TC email dated 12-6-10.doc
Kathy:
IhavereviewedBensresponsestoTonyslatestsetofquestions. Theyseemreasonable,butIdonotbelievethenew
informationwillalterourpositiononNURFC,whichwediscussedlastweek.
Itwillstillbeimportanttohavethebackupplan,approvedbytheboardofdirectors,thatdetailsthestepstheywill
takeifthingsturnoutworsethanexpected. Allofthatinformationwillneedtobeincorporatedintoourfinancial
analysisbeforewecanmakeafinalrecommendation.
Thisbackupplaniscurrentlytheonlypieceofinformationonwhichwearewaiting. TonylastrequesteditonMonday,
December6,2010.
Thanks,
CB
ChrisBrunerConsultant
OhioCulturalFacilitiesCommission
100E.BroadStreet,Suite300
Columbus,OH 432153661
Office:
(614)752
2774
Email:[email protected]
Website:http://culture.ohio.gov/
From: Tony Capaci
Sent: Wednesday, December 08, 2010 9:33 AMTo: Chris Bruner
Subject: FW: questions on cash flow
KathyaskedmetoforwardthisresponsethatTonyreceivedfromNURFC
Keith WileyManagement Information CoordinatorOhio Cultural Facilities Commission100 E. Broad Street, Suite 300Columbus, OH 43215-3661
Telephone: 614-752-2770Direct: 614-995-7557Fax: 614-752-2775e-mail: [email protected]: www.culture.ohio.gov
Building Culture in Ohio's Communities:The Ohio Cultural Facilities Commission, formerly the Ohio Arts & Sports Facilities Commission, overseescapital improvement funds appropriated by the Ohio General Assembly and Governor for community cultural facility projects including non-profit
-
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theaters, museums, historical sites and publicly owned professional sports venues. You are invited to visit www.culture.ohio.gov or call (614) 752-2770for more information on the Commission or to learn how we can assist your cultural facility project.
From: [email protected] [mailto:[email protected]]
Sent: Monday, December 06, 2010 2:12 PM
To: Tony Capaci
Subject: RE: questions on cash flow
Tony,
Attached is my response to your three questions below, I believe Don has asked Kathy for clarification to your lastparagraph. Please let me know if you have any other questions.
Thank you,
From: "Tony Capaci" To: Cc: "Kathy Fox" , "Chris Bruner" , Date: 12/06/2010 01:20 PMSubject: RE: questions on cash flow
Ben,Thankyouforyourresponse,IhopeyouarefeelingbetterandIhopeallwentwellwithyourmotherssurgery. Ihavereviewed
yourresponseandhaveafewmorequestions:
1)
Could
you
kindly
back
out
any
permanently
restricted
funds
included
as
cash
inflow
in
the
cash
flow
and
resubmit.2) IamnotclearonyourexplanationtomyDOEfundingquestion. Letmerephrasemyquestion;Footnote#2inthe12/31/09
audit indicates$400kistobereceivedfromtheDOEbetweentheperiod10/1/099/30/11however,yourcashflowindicates$760K
ofcashcominginfromtheDOEbetween10/1/10 9/30/11. Youmentionaccrualshowever,sinceitisacashflowtheonlyaspect
weareconcernedwithishowmuchcashincomingin. PleaseconfirmtometheexpectedcashcominginfromtheDOEbetween
nowand9/30/11andadjustthecashflowifneedbe.3) Youindicateoperatingexpenseshavebeensignificantlyreducedintheareaofprofessionallobbyist,fundraisingandtraveling
exhibits.
However,Isuspecttheprofessionallobbyistwasusedtoassistintheobtainingofthefederallegislationandthefundraising
obviouslytobeusedinhelpingtoattainyourfundraisingcashinflowprojection. Inoteyourfundraisingcashinflowprojectionisin
keepingwiththeactualfundraisingrevenuesrecordedinyourYTD9/30/10financials(whichissignificantlyhigherthanactual
-
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45
previousyears)however,ifyoureducefundraisingcostswillyoubeabletomaintainthefundraisinginflowlevelsindicatedinthe
cashflow?Also,howwillcuttinglobbyistaffecttheoutcomeofthefederallegislation?
Informulatingmyrecommendation totheCommissiontoapprovetheOCFCfundingandinadditiontoMr.PeppersguaranteeIwill
belookingattheprobabilityoftheFreedomCentersability toremainviableuntilFederalizationoccurs,assumingOCFCfundingin
February2011. Iknowitisyourunderstandingthefull$3MofFederaldollarswillbereceivedinOctober2011, fundraisingwill
continueatthoselevelsrecentlyobtainedinyourYTD2010numbers, andreducedoperatingcostwillberealizedasisindicatedby
yourcashprojectionhowever,intheeventthoseexpectationsarenotfullyrealized doestheboardhaveabackupplan? Kindly
sharewithmeyoursentimentssoImayprepareforthepossibilityofthosereservations.
Thanks,Tony
From: [email protected] [mailto:[email protected]]Sent: Monday, December 06, 2010 10:46 AMTo: Tony CapaciSubject: RE: questions on cash flow
Tony,
I was out sick for much of last week. Attached is my response to your questions below, please let me know if you haveany other questions.
Thank you,
From: "Tony Capaci" To: Cc: "Kathy Fox" , "Chris Bruner" , Date: 11/30/2010 12:34 PMSubject: RE: questions on cash flow
Ben,Ihavereviewedthe15monthcashflowandhaveafewquestions:1) WhenIcomparetheprivatesupportinthecashflowtothetotalsupportinthefinancialstatementat9/30/10(annualized)the
cashflowprojectionsappeartolineup. However,whenIbackthepermanentlyrestrictedandtemporarilyrestrictedcashfromthe
9/31/10financialtheunrestrictedsupport(onanannualizedbasis)appearstobequiteabitlowerthanthe2011projection. I
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46
suspectthepermanentlyrestrictedfundraisingonthe9/30/10financialisfortheoperatingendowmentandshouldnotbeincluded
inaprojected(operating)cashflow. Didyoubaseyourprojectionofthecashflowontheactualfundraisingachievedasshownin
the9/30/10financialsincludingtemporarilyrestrictedsupport. Whataretherestrictionsontemporarilyrestrictedthatyou
anticipatewillallowittobeincludedforgeneraloperatingpurposes?2) Isee$485Kin12/10forDOEand$275Kthrough9/2011alsoforDOEforatotalof$760K(IassumenoDOEfundshavebeen
collectedatYTD9/30/10)However,footnote#2inthe9/30/09auditstatesthetwoyearDOEgrantforthetwoyearperiod10/1/09
9/30/11is$400K?whythedifference? ArestateDOEfundsincludedwiththeFederalinthecashflow?
3) Theoperatingexpensesontheaccrualbasisasindicatedinthe9/30/09audit(netofdepreciation)are
approximately$8.2M;theoperatingexpensesfor2010asindicatedontheproformaare$6.2M(alsoonthe
accrualbasis);YTDexpensesnetofdepreciationonthe9/30/10statementofactivityare$5.6Mfor9months
or$7.6M(annualized);proforma2011are$5.6M; thecashoutflowsonthecashflowtotal$5.6Mfor2011.
2011proformaand cashflowisquiteadecreasefrom FYE09,proforma2010andannualized2010. Whatare
thecutsincostsfromthe9/30/09auditthatwillaccountfor$1.6M?
IammeetingwithKathythisafternoontodiscussthecashflowandifatallpossibleIwouldliketoincludeyourresponses. Ifnot
possibleIwillupdateKathyonyourresponseonceIreceiveit.
Thanks,
From: [email protected] [mailto:[email protected]]Sent: Monday, November 29, 2010 3:01 PMTo: Tony CapaciSubject: Re: estimated security cost for six months ( mothballed)
Attached are the cash flow statements requested, both are in one file.
As for estimating security cost, I would offer up that the systems be setup to automaticallycontact either the local police or fire station or simply keep Guardsmark on call for anautomatic notification from the system, which would limit the cost to actual time needed,Currently we pay an average of $18 per hour for Guardsmark Security Services. If deemed
necessary a guard could be kept at the console 24/7, we currently only have 24 hour coveragesix days a week.. I would estimate 24/7 service at a cost of $79,000 (365 days X 24 Hours x .5X $18 per hour). Please let me know if you have any other questions.
From: "Tony Capaci" To:
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Cc: "Chris Bruner" , Date: 11/23/2010 04:26 PMSubject: estimated security cost for six months ( mothballed)
Ben,Couldyoukindlygiveusanestimatedsecuritycostforsixmonthsifthebuildingweretobemothballed.Thanks,
HolidayOfficeClosure: TheOhioCulturalFacilitiesofficewillbeclosedonThursday,November25andFriday,November26forThanksgivingWeekend. TheofficewillreopenonMonday,November29at8a.m.
Tony
Capaci
ChiefFinancialAnalyst
OhioCulturalFacilitiesCommission
100E.BroadStreet,Suite300
Columbus,OH 432153416
Telephone:6147286924
Fax:6147522775
email: [email protected]
website:www.culture.ohio.govTheOhioCulturalFacilitiesCommission,formerlytheOhioArts&SportsFacilitiesCommission,overseescapitalimprovementfundsappropriatedbytheOhioGeneral
AssemblyandGovernorforcommunityculturalfacilityprojectsincludingnonprofit theaters,museums,historicalsitesandpubliclyownedprofessionalsportsvenues.You
areinvitedtovisitwww.culture.ohio.govorcall(614)7522770formoreinformationontheCommissionortolearnhowwecanassistyourculturalfacilityproject.
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Chris Bruner
From: Tony CapaciSent: Wednesday, December 08, 2010 9:33 AMTo: Chris BrunerSubject: FW: questions on cash flowAttachments: Responses to TC email dated 12-6-10.doc
KathyaskedmetoforwardthisresponsethatTonyreceivedfromNURFC
Keith WileyManagement Information CoordinatorOhio Cultural Facilities Commission100 E. Broad Street, Suite 300Columbus, OH 43215-3661
Telephone: 614-752-2770Direct: 614-995-7557Fax: 614-752-2775e-mail: [email protected]: www.culture.ohio.gov
Building Culture in Ohio's Communities:The Ohio Cultural Facilities Commission, formerly the Ohio Arts & Sports Facilities Commission, overseescapital improvement funds appropriated by the Ohio General Assembly and Governor for community cultural facility projects including non-profittheaters, museums, historical sites and publicly owned professional sports venues. You are invited to visit www.culture.ohio.gov or call (614) 752-2770for more information on the Commission or to learn how we can assist your cultural facility project.
From: [email protected] [mailto:[email protected]]
Sent: Monday, December 06, 2010 2:12 PM
To: Tony CapaciSubject: RE: questions on cash flow
Tony,
Attached is my response to your three questions below, I believe Don has asked Kathy for clarification to your lastparagraph. Please let me know if you have any other questions.
Thank you,
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From: "Tony Capaci" To: Cc: "Kathy Fox" , "Chris Bruner" , Date: 12/06/2010 01:20 PMSubject: RE: questions on cash flow
Ben,Thankyouforyourresponse,IhopeyouarefeelingbetterandIhopeallwentwellwithyourmotherssurgery. Ihavereviewed
yourresponseandhaveafewmorequestions:1) Couldyoukindlybackoutanypermanentlyrestrictedfundsincludedascashinflowinthecashflowandresubmit.2) IamnotclearonyourexplanationtomyDOEfundingquestion. Letmerephrasemyquestion;Footnote#2inthe12/31/09
audit indicates$400kistobereceivedfromtheDOEbetweentheperiod10/1/099/30/11however,yourcashflowindicates$760K
ofcashcominginfromtheDOEbetween10/1/10 9/30/11. Youmentionaccrualshowever,sinceitisacashflowtheonlyaspect
weareconcernedwithishowmuchcashincomingin. PleaseconfirmtometheexpectedcashcominginfromtheDOEbetween
nowand9/30/11andadjustthecashflowifneedbe.3) Youindicateoperatingexpenseshavebeensignificantlyreducedintheareaofprofessionallobbyist,fundraisingandtraveling
exhibits.
However,Isuspecttheprofessionallobbyistwasusedtoassistintheobtainingofthefederallegislationandthefundraising
obviously
to
be
used
in
helping
to
attain
your
fundraising
cash
inflow
projection.
I
note
your
fundraising
cash
inflow
projection
is
inkeepingwiththeactualfundraisingrevenuesrecordedinyourYTD9/30/10financials(whichissignificantlyhigherthanactual
previousyears)however,ifyoureducefundraisingcostswillyoubeabletomaintainthefundraisinginflowlevelsindicatedinthe
cashflow?Also,howwillcuttinglobbyistaffecttheoutcomeofthefederallegislation?
Informulatingmyrecommendation totheCommissiontoapprovetheOCFCfundingandinadditiontoMr.PeppersguaranteeIwill
belookingattheprobabilityoftheFreedomCentersability toremainviableuntilFederalizationoccurs,assumingOCFCfundingin
February2011. Iknowitisyourunderstandingthefull$3MofFederaldollarswillbereceivedinOctober2011, fundraisingwill
continueatthoselevelsrecentlyobtainedinyourYTD2010numbers, andreducedoperatingcostwillberealizedasisindicatedby
yourcashprojectionhowever,intheeventthoseexpectationsarenotfullyrealized doestheboardhaveabackupplan? Kindly
sharewithmeyoursentimentssoImayprepareforthepossibilityofthosereservations.
Thanks,
Tony
From: [email protected] [mailto:[email protected]]
Sent: Monday, December 06, 2010 10:46 AMTo: Tony CapaciSubject: RE: questions on cash flow
Tony,
I was out sick for much of last week. Attached is my response to your questions below, please let me know if you haveany other questions.
Thank you,
-
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50
From: "Tony Capaci" To: Cc: "Kathy Fox" , "Chris Bruner" , Date: 11/30/2010 12:34 PMSubject: RE: questions on cash flow
Ben,Ihavereviewedthe15monthcashflowandhaveafewquestions:1) WhenIcomparetheprivatesupportinthecashflowtothetotalsupportinthefinancialstatementat9/30/10(annualized)the
cashflowprojectionsappeartolineup. However,whenIbackthepermanentlyrestrictedandtemporarilyrestrictedcashfromthe
9/31/10financialtheunrestrictedsupport(onanannualizedbasis)appearstobequiteabitlowerthanthe2011projection. I
suspectthepermanentlyrestrictedfundraisingonthe9/30/10financialisfortheoperatingendowmentandshouldnotbeincluded
in
a
projected
(operating)
cash
flow.
Did
you
base
your
projection
of
the
cash
flow
on
the
actual
fundraising
achieved
as
shown
in
the9/30/10financialsincludingtemporarilyrestrictedsupport. Whataretherestrictionsontemporarilyrestrictedthatyou
anticipatewillallowittobeincludedforgeneraloperatingpurposes?2) Isee$485Kin12/10forDOEand$275Kthrough9/2011alsoforDOEforatotalof$760K(IassumenoDOEfundshavebeen
collectedatYTD9/30/10)However,footnote#2inthe9/30/09auditstatesthetwoyearDOEgrantforthetwoyearperiod10/1/09
9/30/11is$400K?whythedifference? ArestateDOEfundsincludedwiththeFederalinthecashflow?3) Theoperatingexpensesontheaccrualbasisasindicatedinthe9/30/09audit(netofdepreciation)are
approximately$8.2M;theoperatingexpensesfor2010asindicatedontheproformaare$6.2M(alsoonthe
accrualbasis);YTDexpensesnetofdepreciationonthe9/30/10statementofactivityare$5.6Mfor9months
or$7.6M(annualized);proforma2011are$5.6M; thecashoutflowsonthecashflowtotal$5.6Mfor2011.
2011proformaand cashflowisquiteadecreasefrom FYE09,proforma2010andannualized2010. Whatare
thecutsincostsfromthe9/30/09auditthatwillaccountfor$1.6M?
IammeetingwithKathythisafternoontodiscussthecashflowandifatallpossibleIwouldliketoincludeyourresponses. Ifnot
possibleIwillupdateKathyonyourresponseonceIreceiveit.
Thanks,
From: [email protected] [mailto:[email protected]]Sent: Monday, November 29, 2010 3:01 PM
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To: Tony CapaciSubject: Re: estimated security cost for six months ( mothballed)
Attached are the cash flow statements requested, both are in one file.
As for estimating security cost, I would offer up that the systems be setup to automaticallycontact either the local police or fire station or simply keep Guardsmark on call for anautomatic notification from the system, which would limit the cost to actual time needed,
Currently we pay an average of $18 per hour for Guardsmark Security Services. If deemednecessary a guard could be kept at the console 24/7, we currently only have 24 hour coveragesix days a week.. I would estimate 24/7 service at a cost of $79,000 (365 days X 24 Hours x .5X $18 per hour). Please let me know if you have any other questions.
From: "Tony Capaci" To: Cc: "Chris Bruner" , Date: 11/23/2010 04:26 PMSubject: estimated security cost for six months ( mothballed)
Ben,Couldyoukindlygiveusanestimatedsecuritycostforsixmonthsifthebuildingweretobemothballed.
Thanks,
HolidayOfficeClosure: TheOhioCulturalFacilitiesofficewillbeclosedonThursday,November25andFriday,November26forThanksgivingWeekend. TheofficewillreopenonMonday,November29at8a.m.TonyCapaci
ChiefFinancialAnalyst
OhioCulturalFacilitiesCommission
100E.BroadStreet,Suite300
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52
Columbus,OH 432153416
Telephone:6147286924
Fax:6147522775
email: [email protected]
website:www.culture.ohio.govTheOhioCulturalFacilitiesCommission,formerlytheOhioArts&SportsFacilitiesCommission,overseescapitalimprovementfundsappropriatedbytheOhioGeneral
AssemblyandGovernorforcommunityculturalfacilityprojectsincludingnonprofit theaters,museums,historicalsitesandpubliclyownedprofessionalsportsvenues.You
areinvitedtovisitwww.culture.ohio.govorcall(614)7522770formoreinformationontheCommissionortolearnhowwecanassistyourculturalfacilityproject.
-
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Chris Bruner
From: Kathy FoxSent: Tuesday, December 07, 2010 3:37 PMTo: [email protected]: [email protected]; [email protected]; [email protected]; [email protected];
Tony Capaci; Chris BrunerSubject: RE: A Question--Freedom Cdenter
John,
Thankyou. Wearepreparingtheguarantydocument,whichwillthenbereviewedbytheAttorneyGeneralsoffice.
Oncethatiscompletewewillforwardittoyou.
Best,
Kathy
Kathleen M. Fox, FASLAExecutive DirectorOhio Cultural Facilities Commission100 E. Broad Street, Suite 300Columbus, OH 43215-3661
Vox: 614.752.2770Fax: 614-752-2775e-mail: [email protected]
visit our website: www.culture.ohio.gov
Building Culture in Ohio's Communities: The Ohio Cultural Facilities Commission, formerly the Ohio Arts & Sports Facilities Commission, overseescapital improvement funds appropriated by the Ohio General Assembly and Governor for community cultural facility projects including non-profittheaters, museums, historical sites and publicly owned professional sports venues. You are invited to visitwww.culture.ohio.govor call (614) 752-2770for more information on the Commission or to learn how we can assist your cultural facility project.From: [email protected] [mailto:[email protected]]
Sent: Sunday, December 05, 2010 10:28 AM
To: Kathy FoxCc: [email protected]; [email protected]; [email protected]; [email protected]; Tony Capaci; Chris BrunerSubject