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HomeMy WebLinkAbout12.17.24 Board Minutes Q.2 (OCT -DEC) BOARD MEETING MINUTES Location: PMCCC – In Person Date: 12.17.2024 Time: 12:00 PM CST Facilitator: Mark Whitlow (Chair), Michelle Campbell (Executive Director) Attendees: *Mark Whitlow *Bill Bartleman *John Williams *Michelle Campbell *Ryan Gardner *Darryl Pea *Jo Brown *Alex Sherwood Agenda Topics: Presenter: Mark Whitlow Discussion: Called meeting to order. Mark made motion to approve the minuets. Conclusion: (1) Bill Bartleman (2) Chris Hill – Unanimously Approved Presenter: Michelle Campbell Discussions: Directors Report The Director's Report was presented next, highlighting a busy few month. Notably, US Hospitality has signed a contract with Marriott to develop a new Marriott Aloft hotel with 120 rooms adjacent to the convention center. While this addition is welcomed, it falls short of the desired 300-320 rooms recommended by a recent consultant report. The investment for this project is approximately $15 million, and the hotel will be similar in size to the existing one. The Director reached out to the manager for more information and potential collaboration. In terms of recent events, October featured the Darren Night comedy event, which marked the first use of Ticketmaster for ticket sales, resulting in 450 tickets sold. November saw a Baptist concert that attracted around 3,500 attendees, requiring additional chairs and logistical support. December was particularly busy, with multiple events serving about 1,700 people in one day, including a plated lunch that necessitated extensive staffing. Looking ahead, plans are in place for a paranormal seminar in May, expected to draw significant interest citywide. Additionally, there are aspirations for a comedy series and a weightlifting competition. The marketing team has recently hired a part-time coordinator who is enhancing social media efforts and website traffic. Operationally, updates to Standard Operating Procedures (SOPs) are underway during this downtime, alongside building inspections to assess maintenance needs. The search for a new executive chef is ongoing, with job postings on LinkedIn and Indeed. Currently, there are 6-7 full-time staff members and approximately 50 total employees when including part-time staff. Presenter: Ryan Gardner Discussion: Treasurer Report Ryan presented the Treasurer's Report indicated strong financial performance for October, with total income reaching $218,000—nearly triple the budgeted amount—primarily driven by catering sales of $168,603 against a budget of $47,715. Although expenses exceeded budget expectations due to personnel and food/beverage costs, the net income for October stood at $86,000. The bank balance as of October 31 was reported at $348,999.52 in the Paducah Bank operating account. The board discussed potential improvements, including the installation of a digital marquee sign. However, it was noted that there were some challenges related to city ordinances. Specifically, there were concerns about the refresh rate of the sign being too quick for the curve in the road where it would be placed, potentially causing a distraction for drivers. The city has detailed data on traffic patterns around the proposed location, including the number of cars and their average speed. The board also explored the need for improved transportation options for larger events and conventions. A proposal was made to earmark funds, in the range of funds for renting charter buses to facilitate transportation between hotels and the convention center. The possibility of collaborating with the Convention and Visitors Bureau (CVB) and the local transit authority (PATS) to leverage existing resources and infrastructure was also discussed. The Director agreed to compile a comprehensive list of capital improvement needs, including ROI calculations for each item. The Director agreed to compile a list of capital improvements or needs, along with potential return on investment (ROI) calculations for each item. It was also mentioned that all relevant information regarding signage ordinances is available on the city's website for further reference. Presenter: Mark Whitlow Discussion: Closing Remarks and Adjournment The meeting concluded with closing remarks from Mark Whitlow, thanked the attendees for their participation and contributions to the discussions. Bill Bartleman made a motion to adjourn the meeting. Darryl Pea seconded. Unanimously approved by all attendees.