BEC Video Display and Ribbon Board Options

Update of Project• Completed the installation of the Back of House equipment into the Budweiser

Events Center

• Worked with Larimer County Purchasing Department to write and distribute an RFP for the project

• Interviewed and ranked three contractors that submitted: Daktronics, YESCO, and Panasonic

• Awarded the project to Daktronics

• Negotiated terms and conditions of the contract

Project Status• Completed contract negotiations with Daktronics

• Project Team has agreed on key design elements for the center hung video display consistent with the original selection criteria

• Established a final project timeline and budget

BudgetUses

Back of House Equipment

2014 Expense

$400,000

Video Display 2015 Expense

$900,000

Ribbon Board 2015 Expense

$400,000

Total $1,700,000

BudgetSources 2014 2015 Total

The Ranch Unallocated Reserves

$400,000 $850,000 - $1,150,000

$1,250,000 - $1,550,000

Global Spectrum

$150,000 $150,000

Eagles Partnership

$0 - $300,000

$0 - $300,000

Total $400,000 $1,300,000

$1,700,000

ReservesSources

The Ranch Unallocated Reserves

January 2015

$2,135,466

Contribution to Project

2015 $850,000 - $1,150,000

Balance Remaining $985,500 - $1,285,500

Elements

Elements

Calendar• Execute Agreement with Daktronics: May • Design Phase: May-June• Manufacture Cabinets and Boards: June• Prepare Arena: Power, structural, demolition of

old boards: June• Installation and Training: July• First Event: Larimer county Fair and PRCA

Rodeo: August 2, 2015