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HomeMy WebLinkAboutCSD-11-161 - Creative Enterprise Enabling Organization complete1 Staff Report Krr~.~-~~,i~iER CommunityServicesDepartment www.kitthenerta REPORT T0: Community and Infrastructure Services Committee DATE OF MEETING: November 28, 2011 SUBMITTED BY: Mark Hildebrand, Director, Community Programs and Services 519-741- 2687 PREPARED BY: Mark Hildebrand, Director, Community Programs and Services 519-741-3381 WARD(S) INVOLVED: All DATE OF REPORT: November 17, 2011 REPORT NO.: CSD-11-161 SUBJECT: Creative Enterprise Enabling Organization Business Plan RECOMMENDATION: For Information. BACKGROUND: There is a significant amount of research and thinking which identifies and examines the connection between creativity and creative enterprises with economic growth and thriving communities. It has been shown in Canadian cities such as Edmonton and Calgary as well as other cities across the world that communities can significantly benefit from making a connection between creative industries, traditional business, arts and culture. Not all cities are positioned to benefit from this new economy, however the Kitchener-Waterloo Area continues to make significant strides in the area of creative enterprise attraction and tech development, perhaps Google being one of the most recent and recognizable organizations coming to Kitchener. With the development of the creative enterprise economy come new challenges including the attraction of the best and brightest talent for the community's local business partners who choose to locate and/or startup here. The most recent Economic Development Strategy for the City of Kitchener (CAO-11-019) recognizes talent attraction as one of the key areas of focus in the next four years for the city to be successful. To this end, it has been shown that a vibrant and thriving creative arts and culture sector is a key marker that must be developed in order to create the kind of community that can attract and retain skilled people, many of whom could choose to work anywhere in the world. The development of the Creative Enterprise Enabling Organization In Waterloo Region, the Prosperity Council made a collective commitment to work towards developing an infrastructure capable of sustaining a vibrant regional arts and culture sector, with the community's need to be able to attract and retain the brightest creative and technical minds at the heart of the initiative. The Prosperity Council is a federation of the Greater Kitchener Waterloo and Cambridge Chambers of Commerce, Canada's Technology Triangle Inc., and Communitech Technology Association, and represents more than 3,400 businesses in the 7-1 1 Staff Report Krr~.~-~~,i~iER CommunityServicesDepartment www.kitthenerta region. In 2008 they hosted a forum of representatives across Waterloo Region in business, government (including staff and Council representatives from the City of Kitchener), education and the broader arts community to learn about groundbreaking initiatives in other communities, and review the arts and culture sector in Waterloo Region. At the forum three key questions were considered including: 1. Vision -what might Waterloo Region look like as a world-class destination for creative minds? What unique concepts and elements will define us? 2. Structure -what form should a coordinating body take to deliver the vision? What does the infrastructure look like? 3. Resources -what human and capital resources are required in order to continue building a healthy and vibrant, sustainable and expanding creative sector in Waterloo Region? Report CSD-10-002 outlines more specifically the results and recommendations from this forum. The Creative Enterprise Task Force was developed to investigate further the 3 questions above. During their analysis, they found that a vibrant, innovative, healthy and sustainable community was critical to having a competitive advantage when attracting business and people, and depended on four interconnected dimensions including: 1. Economic Health, 2. Environmental responsibility, 3. Social equity, and 4. (Arts and) Cultural Vitality. The Task Force suggested that reasonable success has been achieved in these four dimensions. However, not enough resources and attention has been paid to arts and cultural vitality. To summarize, the Creative Enterprise Task Force identified the following issues that were putting the region's arts and cultural vitality at risk: • Arts/CulturelHeritage organizations in Waterloo Region were currently facing a sustainability shortfall of $2.5 to $5 million in base funding; Waterloo Region was not getting its "fair share" of federal and provincial funding for arts and culture; Waterloo Region's per capita funding for arts and culture ($15.591person} was significantly less than other municipalities that the region was compared to and competing with (e.g. Ottawa $18.921person and Toronto $24.82/person). Note: Ottawa and Toronto have been identified as main competitors for recruitment and retention of professionals to this region; Waterloo Region's private sector funding of performing arts is lower than national and provincial averages; and Communication, marketing, education and community engagement within the creative sector needs support and strengthening. Waterloo Region is poised to become a national leader and world-class destination for leading edge businesses that could attract creative minds and ensure retention of young professionals, vital to fuelling the work force and driving economic growth. However, in order to help generate these private-sector employment opportunities, first the arts and culture sector needs strengthening. Although it was acknowledged that existing arts and culture resources are excellent, some required fortifying while others needed further development. Understanding i) the significant need for support within the arts and culture sector across the region (not only investment support, but support with audience development, marketing etc.); ii) 7-2 1 Staff Report Krr~.~-~~,i~iER CommunityServicesDepartment www.kitthenerta that cultural vitality in the region is not solely the responsibility of municipalities, but also the business sector and higher level governments; and iii) multi-municipality and multi-sectoral collaboration is the most effective and efficient way to address this; the Task Force brought forward two proposals. First, to help stabilize arts and culture in the region, the Task Force proposed pursuing increased funding for arts and culture from the private sector as well as all levels of government. For municipalities they suggested that each, the Cities and the Region, increase the amount of funding to the arts by $1 per capita. To accomplish this, the City of Kitchener implemented the Arts and Culture Sustainability Fund. Second, it was determined that collaboration within the creative sector, as well as with other sectors in the community was crucial to leveraging funding for arts and culture in the region and ensuring long term cultural vitality. The development of an organization to lead the charge in support of the creative sector and to work towards implementing a coordinated approach to administrative functions etc., and to ensure that there is not duplication of services etc. across City borders would be vital. The Creative Enterprise Enabling Organization was developed in March 2010 with the intention to provide a wide range of services to enable the arts, culture and heritage sectors, including private, public and not-for-profit, and creating an environment to help artists reach full potential. The organization is overseen by a Board of Directors which includes membership from the three Cities (Kitchener, Waterloo, Cambridge), the Region, local businesses and the arts and culture sector. In general terms, the organization strives to: • Allow creative organizations and individuals to focus on their "core" business, • Encourage divergent organizations and individuals to find and build on common purpose, • Find centres of excellence and build on them, • Encourage creativity and innovation, • Be responsive and responsible to the community, including local governments, businesses, funders, the general public and those who participate in the arts, culture and heritage sectors, • Be seen as a means to invest in facilities, people and the future, • Provide services throughout the creative sectors (for-profit and not-for-profit) with the goal of supporting creativity and innovation, and Collaborate, build on successes, and be organic. More specifically, the Creative Enterprise Enabling Organization would look to provide or coordinate: • Administrative services, • Human resource functions and services (e.g. benefit plans), • Audience development programs, • Marketing assistance, • Festivals, Grant writing assistance, • Advocacy for the sector, Corporate and other funding, and • Physical space. Over the course of 2010 the Creative Enterprise Enabling Organization focused on both strategic and tactical work to start up the organization. The board understood the excitement in 7-3 1 Staff Report Krr~.~-~~,i~iER CommunityServicesDepartment www.kitthenerta the community to see immediate results once this organization was developed, however there was recognition that managing pace was important; balancing the drive for visible action with the somewhat less visible work of developing a strong foundation for the organization. Recruiting the right CEO, with the specific skill sets and experience was a major priority. At the same time significant work, focused on building the organization (e.g. governance, committee development, budget and funding model development etc.), was also key to ensure success. In March 2011, the organization was able to announce Heather Sinclair as the successful candidate for the position of CEO. REPORT: On October 17, 2011 Heather Sinclair, CEO of the Creative Enterprise Enabling Organization appeared before the Community and Infrastructure Services Committee to provide an update on the work of the organization completed to date. To summarize, work completed within the six months since the hiring of the CEO included: • Making contact with over 350 individuals in the sector to listen to needs; Setting up work space and services at the Accelerator Centre and the HUB; Confirming the organizational mission and mandate; • Approving the 2011 budget and developing a draft of the 2012 budget; Organizing focus meetings in the private sector to discuss specific talent attraction and retention needs (e.g. Christie Digital, Google, OpenText, Communitech); • The hiring of staff to take on the role of Executive Assistant and Project Coordinator as well as Audience Development; • First level Board Governance development including the development of by-laws and a governance policy which involves the establishment of 3 standing committees consisting of the Board of Directors, Governance and Nominating Committee and the Audit & Risk Management Committee; • Festival Collaboration with 3 contemporary arts festivals including Open Ears, Impact and CAFKA, continuing discussions with the Blues Festival; • The development of a Group Benefits program - i) giving individual artists access to the Group Benefits program through the Greater KW Chamber of Commerce and ii) facilitating a promotional incentive for small creative sector businesses to access the program (to be implemented in 2012); • Revenue modelling for independent revenue streams, Completion of two grant applications - to the Kitchener Waterloo Community Foundation and Ministry of Citizenship and Immigration; Creative Enterprise Investment Program Pilot Launched; and • Developing the organization's 18 month strategic priorities. During discussions, Council requested a revised 2011 budget as well as a copy of the Creative Enterprise Enabling Organization's business plan. The revised budget is provided in appendix A. Also provided in Appendix B is a draft budget for 2012. Unfortunately at the time that this report was being written, the business plan had not yet been reviewed and approved by the Board of Directors. As a result, the business plan will be provided to Council under separate cover, once the Creative Enabling Organization Board has reviewed it, before November 28t", 2011. The business plan is in its second iteration and relates to the strategic priorities for the next 18 months. Below is a summary of the priorities along with the percentage of time that the CEO is spending on each item. 7-4 ~~~..~L 1~~ ~~1~~ G~~f~~~~~~ ~f L~~~ WWW.II~i~~~~~r.~~ 1. New Revenue development (25%}. Targeting the private sector, as well as the provincial and federal governments, the goal is to secure $1,250,000 by December 2012. 2. Audience Development (25%). Development of the Arts portal, culture pass, biweekly "What's On", marketing support, and metrics. The goal is to develop an inventory of all regional activities and asset valuation, and increase awareness of regional arts and culture products to local and visiting audiences. 3. Resource and Services development for the sector (15%). Work with the community to identify the top 5 priority needs and deliver on these through such things as monthly training sessions. Identify and train groups on the possible grants available to the sector. 4. Group Benefits (5%). Define and secure a benefits program for the sector by December 2011 to be launched in 2012. 5. Collaboration Initiatives (15%). Work with local groups to assess and enable collaboration on programming and operations. Priority sectors are contemporary festivals, music, film to name a few. Collaborations also important include those with Tourism, CTT, Communitech and the Accelerator Centre. 6. Investment Program (5%). Build on the success of the Investment Program Pilot Project in 2011 where $50,000 ($20,000 City of Kitchener sustainability funds and $30,000 private funds) were invested in small to mid-career organizations. Monitor and track results and learning, develop case studies and apply learning to phase 2 as funds are secured. 7. Creative Enterprise Enabling Organization Infrastructure (10%). Ensure that the baseline operating systems and reporting are set up and baseline staff, full time and contract, are secured. Ms. Sinclair, CEO will be present at Community and Infrastructure Services Committee to present in more detail the business plan and answer any further questions. ALIGNMENT WITH CITY OF KITCHENERSTRATEGIC PLAN: Arts and culture make important contributions to "Quality of Life" through creativity, heritage and diversity. The economic impact of arts and culture activities contributes to the economic viability of the entire community. Support for arts and culture activities helps to develop Kitchener's distinct identity as a desirable place to live and to visit. "Development" goals are also served through arts and culture adding to urban vitality and downtown development. FINANCIAL IMPLICATIONS: Report number CSD-11-159, also coming to Community and Infrastructure Services Committee on November 28, 2011, is asking that Council confirm a grant of $56,000 to the Creative Enterprise Enabling Organization, which was previously resolved by Council on February 1, 2010, to be used to help fund operations for 2012. Attached as Appendix C is a copy of the Financial Statements of the Creative Enterprise Enabling Organization. 7-5 1 Staff Report Krr~.~-~~,i~iER CommunityServicesDepartment www.kitthenerta COMMUNITY ENGAGEMENT: The Creative Enterprise Enabling Organization had its origins in a process that began with the Prosperity Council in 2003 and subsequent extensive community wide consultation and work under the Creative Enterprise Initiative from 2006 to 2009. ACAC continues to monitor and be involved with the Creative Enterprise Enabling Organization through the various stages of its development. ACKNOWLEDGED BY: Jeff Willmer, Deputy CAO, Community Services Department 7-6 APPENDIX A EE ~l~~ET ~~~ ~E~I'~IPTI~~ ~~~~~ ~I~rt~I~~Tl~ru ~U~~ET ~l~~f~ITTE~ ~~T~ ~.~ T~ ~dTlf ~F I~ITHE~IER ~~~ EFFORT PE'E~1 E E~usirl~ks nit A~~~Ln In~~,gn7er7t I~ti~~L P~RI~l,~TE F~~~u~~~l li~~~~k_m~~~t FS~und~tian~ Feu ndati~n~ 2rG~Q~,~~ ~~~7~~'.~G' ~~r ar~t~ fn~~~tment 1~r~28,~~ l~rb~~.L~~' A~~~I~rat~r ~~~tr~ ~~mr~u~it~~l7 ~+~ It~ r F e d d } ~y ~9 ~i{' L C~ L 6dd ~~ ~~~ RJ4Jr ~p ~~. 41'-id ~~~IFi~Nt41~Eh1T F~~~er~l F.r~~~r~~~~rial ~~-t~t~~ ~~ ~.~~ ~M (~V~ lf~~~~~C~,~~ 14G~~~?~.C~~~ L~~~~I fit ~f UU~t~rl~~ ~~rf~~~,~~ .~3rc~~~.G ~:it~ ~f ~it~~~~~r ~~~f~~~,~~ .SG~rt~~~'®~~~ ~It r r!~ ~C~III~'fl~~ ~? I~'JE~TMEhJT ~'~~~~A,M ~:it~~ ~f ~i~~17~~~~r ~r~rG~~7~,~~ ~C~rX~C~~'.C~~ fit ~f ~+at~riaa ~:it~r oaf ~.~r~~ri~~g~ F;~~i•~~ of 4~~t~r~1L~ r~~-t~t~~ ~'~, ~~~7r ~ ~~. ~~ T!~T~k~ ~ ~ f~ Fi'~P'1 E ~ ~ ~~uW ~~8. ~~ ~~~~~ ~. Appendix A Page 1 7-7 APPENDIX A C~E~~I~TIO ~~~I~QI~r~C~~Ti~r~ l~ ~~ ET ~[J~f~1[TTE~ ~i~T, ~~ T~ ~IT1~ ~F I~IT~HE~JER ~~~ EFFORT E4PEf~E SAL,ARilES ~EfViEFCT~ F-~~lari~~ ~:E~ J.~S+~~~,~~ ~8~1.~~.~ FT ~lari~d Ex~~ A~~i~t~nt~~ ~r~~~ct ~.~~rdin~t~r 14+52,~~ 14r.5~~.C~C~ ~~fltra~t G~ire~t~r ~u~ien~~ C~~v ~1~~~~,~ ~~rltr~~t ~~ I~ P125 ~~~~~,~~ ~~n~fit~ :~+~~~~,!D~i .uf~-t~~~P ~~~~~.~a 4~F~~~.~~ ~c~~C~~OR~tTiE ~TT~`la~terl~~ R~s~ar~h F~r~j~~t ~+~~~,~~i Sr~~G~.~G~ a rk~t R~~~~ r~Lh ~ammu~i~ati~~s Le ~I .~~~n~~I ~I~I ~~1ff111~1J'11t'~ utr~~t:h~l~~~~~r~h To~l~ ~+~'~~,~~ ~~~~f~.~G~ staff TrIC`lll~ '~ ~~~~rkl~J~rws,llt ~~C1`~~;~,11~ '_r"~C°u, ~TI~ATE~C~ PRI~~ITIE~ .~u~~i~nce Dev~l~pn~ent 14+~~4,~~ ~~r~~~.~~C° In~~~tr~ant Pry ram 5~+~~iC~~,~~ ~~~r~J~C~.~G~ R~~i~~al Mark~tin~ ~u~p~rt 14+5~2,~~ .5~r3~~.~~ F~~tival C~~ana ~nler~tu art ~~~~ur~~~ & ~~r~rice~ 1~+~~~,~~ ~~~r~~L~C~.~L~ ~l~I~ ~~r~rtal fa~ r~~^~r~ ~~+G~~t~,~~ .~~rs~~~,~C~ .Sub-t~~~~ ~~~,.3~~, ~.~~~~~.~ Appendix A Page 2 7-8 APPENDIX A C~E~Gf~I ~'TI~P~ ~L~~.Y DI~T~[EUTI~N ~~ ~~ ET CJ~IV111TTEC~ ~~T. ~~ T~ CITY C1F IT~[~E~IE '~~K EFF~~T ~DI~~ INI~TP~~TIE~hJ ~~ffi~~ :~u lies ~r~~~,~~ ~rC~~.~~C~ Le ~I "1~~~~~,Ei~ 1~r~G~G~.~~C~ IT ~r~~~,QO~ 1~G~~.L' Tele I1~n~ er~iu~ 1r~~,~~ 1r.~L~~®~'~ F~~t~,~~ ~Q~,~~ 3f~~.~iC~ ~~Ilul~r{BlaclCber Ex ~7~~~ ~r~~Q~,~D 4rc~G~~®~~ ~~~:~~~tin~~ :~r~~~,~~ r~L~~®~'~ f~dl~~ti~ s 1r~'~~,~~ 1r~G~~'W~' f~il~~~~~'Trav~l S~Q~,~~ ~C~~e~G~ Insur~n~~ ~r8~5,~~ 4r~~5.G~G~ Rent ~,~~ ~.~G ~~ntin ens ~~°°~r~i~st~~r ~u1,~~~ ~~~~ ,~°u, ~A~ITA1 ~~fifi~~ E ~i ~~~n~. 1rC~~~~,~~J ~rd~C~~,C,~;~, ~~rn ut~r ~r~~~,~G ~r~G~~.~'C~ ~~i~~r~,~t~~ir~er~ :~~s I~~~~ ~~~r. t~,~ ~, lJ~ -T{~T~L Ex[~E~JSES~ ~~~,~~~.~~ ~~~!~7~~.[~Q~ L~s~ fur lug from ~~~ll bu~~ 3t~~ 1'~2r~.~~,~~ 1~~r35~~~,L'C° E~:rl~n~~F ~~n7a~ ni 7~ ~~~ E~.~~n~2~ _~~,~~~~~,~~~~] l~~r~~=~, T~TA~ NET ~~C,AN~E 1~~~1~E.0~ ~~~~~~~. Appendix A Page 3 7-9 APPENDIX B EE ~l~~ET ~~ ~E~~RI~TI~N GLARY ~ITRI~~TI~r~ ~E~ ~l~~~ET T~ CITY ~F I~IT~HEC~ E~ r~~.~~ with ~c~st re~d~~~i~ns ~irr~~ ~c~,16 ~~ENAI~~~ ~ ~ ~ o~~ r~ ~k~7 ~f ~~'hd~~ - ire-~~st red~acti~rti~~ 'ARK EFFr1RT ~~a~r~d ARp~rc~~red - Rr~•~~$t P~C~~,I~~I ~~"I~ E1~,4R1~1 ~ - [~I~HLY LIKELY ~~~ar~ ~4pr~a~a~l - ~~d ~r~~~ r~~ lin~a~~trrr~r~~ s~e~~ur~ed} ~~ENA1~6£~ - TRET~H ~~AL ~~~~rd ARpr~a~r~l - #~d ~r~c~ n~~w ir~~~e~tr~n~r~t s~ecure~~ ~E~JEf~I~E E~u~ii7~~~ ne4 r~~~~~~s ~~v~~tn~~rt Ir : ~rrl~ .gib-t~t~~ ~,~~ ~.~~ ~.~~ ~,~ PP~I~#ATE F~rS~ pia l I n~ti~:irier~t F~u~~ati~r~s F~u~datian~ ~:~rp~~~r~ti I~~~r~~t°~~tint ~~LiC°+~1C~C°,CC .~ ~~~°G°rC°C°~,C°~~ ~~-t~t~l ~. .~t7~~.~~ ~r~. ~~'~E~~~1ENT F~~d~r~l `l.~C~+~~C~~.~L~ ~~L'r~~~,~~~ Fr~~ri~~~i~l 15~'+~C~L',~'~ ~~~r~C~~,~~~ GTF ?5+;~:~~,~~~7 75,~~~~C,~~~ 75+~~C°E°,~C ~Sr~C°~,'~°~J ~~ ~c~~t~~a.~~ i~c,c~~~.~c ia~~~~a.c~~ i~~r~~~.a~ ~L~cal ~:it ~f ~+~t~rl~~ ~3+GC~~.f~~ 3~F~4G~.~~' ~3t~C~~.~'C~ ~3rf~[~~.f~~ ~:it !~f I~it~hen~r S~+L'L'~a~!~ 56,~a~L'.~L' S~+~~C~,~'~' S~r~G~.G~~ ~rt ~7f ~C.~ i7 ~~'~.~:~ ~L , } ~ + ,?~dl-~l{~, L~~ ~,p~~'y ~~j ~~1l1PJRJ`,414'~ 7 ~ry ~'~'y L~il.k1U ~},~ } {spy {~p-y LV~ip414141.U4'~ +~ ~'~,p''~g ~}p'y L~~p414.d4d~416d I~JVE:STeME~JT iPR~~~~41M ~:it ~f ~it~l7en2r ~C°,P~C~C~.~L~ ~C~rG~C~~.L~~ pity ~f l~at~rl~~ 1C+~~L'C~,L!~' 1C~r~'C~~,G~~ ~:it ~f ~.ar~~ri~ ~~~~~r of ~~l~terl~~cB 1G~+~~1L~~,~G 1G°,C~Cs,~~~~ .~+~~-t~t~ ~.C~~ ~.~~ 4~~~~~. ~~ 4~~~~~.~~ Tc~TAL t~~FVRME~ ~~4~~.~~ ~~~~~~].~~ ~,1~A~f0~0~.t~0~ 1r~~4r~C~Q~.4~! Appendix 6 Page 1 7-10 APPENDIX B E~~RIRTI~N SALARY ~I~T~I~!~TI~~J DER. ~U[~ET T~ CITY ~F I~IT~HEHER ~CT.~~ Sri#~ c~s# red~a~#i~rti~ ~ir~+ce ~~#.1~ ~ENARI~ ~ ~~~ar~d AI~Rr~~r~~d - ~r~e-~~~# r~ed~u~#i~rtis~ ARK EFFORT ~B~ard ApRr~~red - pry-~~~# red~ac#i~n~~ ~~CENARI~1 ~ - HIGHLY LIKELY ~Bo~ar~ ~lRpr~rr~l - #~d ~n~e r~~w in~~~#r~~n# ~~c~r~e~d} ~~ENARI ~ - TRET~H ~~A~ w~Ec~~r~ ~Ap~~r~~~l - #~d ~r~~~ rre~r ir~~'es#m~r~t ~~cur~e~ IE~ENE S,A~L~RIES . ~ENEFJTS FT ~el~rie~ ~E 15G~+C~C'~.°E'~ ~5,r.~11°~~L~ ~5r.~11.C°C~ ~5+511,~' FT ~al~ried Exec ~ssi~tant~ F°r~~ect ~.~~r~~i`~~t~r ~G'+C'1~~,~'~ 4G,'~~~~Fr~~ ~L'r~]~~'.C'L~ 4~+~~~.~~ ~.~]rItP~C:t ~Irect~lf ~lJd~leri~? C~~V ~G'+~~~.L~~ ~~~~",~~~' ~r~~'~,~`~ ~+~~`~,~~ E~ti~7e~~ts ~,SC!'i,~~~ ~,~~1C~,~~E' }r.~C°~°°E,~. ~15~°, ~~~-~~~~~ ~Jt F~.~~°~~ 1~c~l~ ~ ~.~ ~ J~s~ p~ ~~.~~ ~+j,~~ ~ .~ }- ~~jj ,r~ ~y k ~ Ifl I~ k? I~ FiT~ ~~ ~ rr7 i~'B ~ n ~ i. x7 t~'~ ~ ~ ~ ~ ~ ~ ~ ~~ t ~°.~ ~ ~ C `I + U'~ ~~ ~ ~' L~ ~+yy ~y I ~ r{JfLI lr"° y`I 1a } ~y 1 J 1'J ~r'~' ° lr'~ ~s {~ ~} l~ ~ + ~~lr'!J ° 4` ~~ ~~n~~~ C,~,~~I~,I~r~..e~~ ~ ta~f ~r 5 ~ ~ , ~ ~ ~~~~ ~"~14°, " °~~ ,~ ~+ ~7 4,..~'° 4 5 a C ~ ~ , ~ ~ # { + # JI~ ~ "~l ~ L Q~ , ~ry ~ ~+ }' ~p ~RI&f, ~.JR~ ~ ry ~~ ~ ~~. l; ~ ~p ~ ,~ ~ p y 1 ~~ V ll ~. 4! R.~ ~ y ~ } ~~ y ~ry ~' ~~.Fp ~..+F, U .f STR~TE~I~C R'~I~~ITIE ~c~i~~~ce ~e~r~~~~~~~pn~~ent ~~+E~~~~,E~J ~~,~~'Liu°~r~ 115r~~EC°G°~ lL3+G~°~,~~ I7~r~~trr~ent Pra r~r~7 .~~5r~G~~.L~G b4~+G~~~.~! R~~i~nal ~I~rk~ti~~ ~'!~p~rt ~C'+G~~'~.~~ 6~6F~~C~.~J~' 115r~G~~'.C'G~ 1~3+~~~.~'i~ ~~~~urces ~ ~~n+ic~~ "15~675.~~ .~7~~~~.M~G~ 9~r~6~'.G~C' "1C~~+L'L~~.L~~ tel f~~r;~~i~aru ~~ ~ ar ~~+C a C~:~, ~ ~ ~~,~ ~ 1G,~J L~ L'L'°C 1.~L'r~ L ~ 14 ~+ ~ ' ~ ~° L' ~ d * J~~-~~L~J 7 ' 7 ~ y #~f~f°~1[f ~} { y } L~~d~l+~.~l,' { ~ y ~~~f~V~.~Sf y~ { ~ ~•~ ~ / ~+ ~~~~4p1+4~4f~194.F AD~1]h115TR~Tl~f~ ~,ffice ~c~~ ies ~+5~i~.~r1 ~,~~i~,•~~ 7r~E~.~~° ~+5'~~J°~i~ Le ~I 5+E'~~.~~ 5,~~7[~.~L ~~'r~G~L~.~C° 4-[~+G~~C~.L~~ IT 5+C°L~®~~ 5,~~[~.~L 1G~rc~C°L~.L~C° S+G~~~.C'~ Tile hone Senric~ 1+~~~.~~ 1F.~~G.~J~ Ir.~G~~'.Ce~ 1r3~C~.~~ ~'~~t~~~ 5~~.~~ .~t~C~.~~' 1rC'~.f~G 1+~~~.~~ ~~II~I~rfBla~kb~r Ex en~e~ ~+G~O~.G~~ 4p~~C'.~~ ~-r~G'~'.G~~ ~-+G~G~~.G~ ~ccountin r~C'~.L~~ 3,r~c~~°,~~ 1C'r~~L'.C°L~ 15+C'L~~.L~~ Meetin~~ 1+~[~[~.f~~ l,r~c]~.~JL~ 5r~~L~.[~[~ 1C'~~f~~.G~ I~lil~a e,~7ra~~l 1+5~'~.~~ 1,.~~L.~~ ~r.~G~~'.GL~ +5~~.~'!~ I~~~.~ranc~ ~+~'7.~.~~ ~f~~~.~i~' ~,~7~.L~L~ ~+~'7.5,~'~ F~~nt l~+C°L°~,L~~ l~f~~C~,~~~ ~~r~~L~~,G~L ~~+G~~~°L'i C~antin~~r~c~? ~5r~G~L~°~G~ l~'G~+~G~~.L~~ ~~~fti ~ ~ t~P{er ~°~~., ~- ~ ~ C°°.~~ ~ ~ E° ~~~,° C° C ° ~~' ~.. ~ ! ~ d # s~ .~~~ -~6J L!~J 7 { ~~' ~~~ ~ f .~° l~~J 7 ~{ [ ~ry zF~~ ~ f ~;F. ~lA r ~p ~ y } 1 ~iMp ~~~. ll?.~ ~r ~9 } j ' LF ~ ~j ~~J ° USI Appendix 6 Page 2 7-11 APPENDIX B ~,4LAR~~ISTRI~l9Tl~r~ AEI ~U~~ET T~ CITY ~F RK EFFORT S~E~1~RIt~ ~ - ~~EfVA~I°~ °~ - I~IHL~' LII~EL~' ~T~ET~H ~t~AL I~ITCHE~IER CT.~ ~rit'~ ~~st ~~~ar~d Appr~ual - ~~~ar~ ~Rpr~~v~l - ~E~RIPTI~N r~~u~ti~rti~~ $ir~~~e ~~t, ~ ~~~~rd ~~p~rar~~d - tb~d ~rti~ce rrew tb~d ~~~~ rrew~ ~~ENARI~ A Rre-past ir~~r~estrrr~r~t r~v~estrrti~er~t ~Baar~d ~p~r~ve~d - red~~tiar~s~ s~~~ara~d~ s~~~are~d~ ~ r~-~~rst rad~a ~ti ar~s~ ~~1RITAL ~~ Ile _~ .s 1. _~~va~v _,~~~~•~~ r~u~~u~ v,r~~~~~ 4l{~~ utef ~r~L~~.~'~ ~,~~~~~L~ ~rd1L'I;'.~"L~ ~+r~`~'~.L~1~ SUB -T~T~L E}{PEf~~E~ 4~]~~~8~.f~~ ~~9,1~~.~)~ ~r~r78~.~D ~r53~r7~~.~0 Less Sur~l4ls ff~m ~~~11 bu~~~t~~ 1~~r1~~.[~~ 1~~,1~.~C' 'l~~r"l~~nGG~ 1~7r1~~.C'~ E~~I~n~e ~emaiR~i~~ ~n E~~~i~~s~~ ~~~.r~9L~,G~~ ~51,~~~,~~~° ~:3~r.~9~.,C~ ir~~7r5~,Ef TOTAL fVET ~ALA~IV~E ,4~~.00 ~a0~.1~~ ~~~~44.~C~ ~~~p4~~.00 Appendix 6 Page 3 7-12 APPENDIX C ~reativ~ Ent~rpris~ Enabling r~ani~atin ~n~~li~at~d to#~~rn~nt of Financial F~iti~n ~ctobar ~, 411 ~~ ~ at C~ct~b~r '1, ~~c~r~b~r ~. ~~1 ~~ s~~ts~ ~rr~nt assets Investr~~nts ~ ,~ 1 ~~, SIT re+ceiabl~ ,~~ ,~~ ~,~ ~8~,~~~a Tangible capital asses, net ~, - Tctal asses ~~,7~ ~~B~i,~ Liabilities A-cc~unt paabl~ and accrued Inabilities ~~,1 ~ , l A~ccurrr~la~e~ s~ur~lus ~~0.~~~ ~~,~~ Appendix C Page 1 7-13 APPENDIX C ~r~ati~~ Ent~r~ri~~ Enah~Iin~ ~r~ani~~ti~rr ~t3t~rr~nt ~f ~p~fati~n ~~t~~~r ~1, ~(~1~ Mnth~~ ~nd~d 1 ~' m~r~th~ ~n~i~~d ~~#~~~r ~1~, ~rnh~r ~' e I~~w~nU~~ ~nt~ri~ Trillium •~undir~~ ~~,~~~ ~~,~C F~~g i~n31 .1 ~l=~afp~ ~ ' ~ ~,r~ I~~I ~~,~!~~ ~~,fl~Y~ In~~~trr°~n: inm~ ~~~ ~1~ T~t.al r~~~rr~u~~ ~Oi ~,~f;~ ~ 1 ~ ,~ 1 E~cp~n~~ ~al~ri~~5 a.nd ~~rr~frf~ =ul l--err ~ pr~~~~~i~n~l ~.al,ari~~ 1 ,f~f~~ - 1 ~~,~~~ - ~ f~ff Ed u~ti ~rti a rtid I rti~~r~fi~n ~~r7~ultir~~ ~~~ri~~~ ~:,~~;~ ~~,~~,~! ~-~ff f~ir~irw~ d~~•~I~pm~nt ~ - ~}~}'g{g f'i. L ,~~'~ L`: ~ ,L~~ f}rah r~rn ~ ~~t ~~rnmun r~ ~n~~~~m~nt ~ ,~~~ - ~~udi~n~ ~n~a~~m~nt ~tf~:~~i~~ ~,1 - ~:r~:~i~ pri~rij~~ 1 - ~rkin~ 1~ - ~iil~~~~ ~a - Ir~~a~~tm~nt pra~ram ~,~~a - ~~i~n~l mark~tin~ ~,1~~ - ~u~i~n~ ~~~I~~m~n ~~~ - ~-ra:~i~ pri~rij~~: p~rt~l d~•~~I~pm~nt ~,~~~ - ~~ ,f~7~ - ~ dm i rtii~tr~ati,arr ~~ ~u ppli~~ - ~ - ~ ~m~u~r ~~~pl ~~ ~'~~ - ~~untin~ ~,~~.~ - Insu ra.n ~ ,~~ - Ir,~arm3ti~n :~~h n~l~~~ ~~~ - ~ ~rp~r.a:~ ~rrmun i~3ti~n~ ~,~~ ~ - ~m€~rti~ati~n ~~ ~ - r~nnu31 ~gn~r.~l m~~tin~ ~,f~ - ~1i~~llan~~~ ~',1~ - ~~,~~~ - Taal ~~cp~n~~~ ~ ~~ ~ ~,:~~ Nit ~d~fi ~itM ~u r~iu~ ~~,~~~~ , ~ ~ ,:?,~ ~ urplu~ at ~~ i rtirtiir~~ ~f ~~a r i ~~,~~~ - ,~~~umulat~d ~Ur~lu~ 1~~,~~i~ ~ . ~~.:~~ ~ Appendix C Page 2 7-14 APPENDIX C ~ r~~d~~ Ent~rR ri~~ E r~~h I in ~ ~ ran iz~ti err ~t~t~r~~rtit ~f 3 ~h F I~~ ~~t~a~r ~~, ~~~~ m~~rrtl~~ ~~~~~ 1~ m~nti7~ ~nd~ ~~~a her ~~ , ~~~~r~- lair ~ 1, ~~~ 1 ~~ 1 ~ ~~r~ti rr~ ~~u r~~~ ~u ~~~~ H ~T r~i~~hl~ ~~,~~~ r ~,~ ~~~ .~.~u n'~ ~3~~~=k~ 3~~~ ~~~J~~ ~V3 Gv 11 :1~~ ~ ~,~ ~ ~ . ~~!,~~~ 1,~~' I ~n~h ~h~r~ ~~ t~ ~~,~ psi ~ - ~ ~.m~rb~~:i~~ ~~~ - ~ 3 ~F~ ~r~~~ i~~ from ~r~ :i~r~~ ~~,~ ~~ 3 ~ ~ ., ~ . ~,~~it~l }~~~ ui ~iti~n ~f t~n~ ihl~ ~~it~l ~i~~~t~ ~~. ~~~~ - rrw~~b~ ~~~: ~h~r~~~ ire i~a~~~tm~n:~ ~~ ~e C~.1 ~ir~~ ~I~t irr~r~~~~ in ~~,~h ~,~:~~ ~~,~~. ,~~ h, h~~ in rrirr~ ~f ~~~ r ~~~,I ~ - Appendix C Page 3 7-15