Presented By:

Counsilman ▪ Hunsaker

June 10th, 2014

AgendaAgenda� Process Review� What We Heard� Options for Consideration� Demographic Overview� Operational Pro-forma� Summary

Feasibility Study ProcessFeasibility Study Process� Needs Assessment� Community Outreach � Common Vocabulary, Vision

� Public Meeting� Stakeholder Meetings

� Evaluate Existing Area Providers� Research Area Demographics� Identify Potential User Groups

� Program Requirements� Develop Options for Programming� Develop Project Cost Estimates� Conceptual Plan

� Operations Plan� Opinion Of Revenue � Opinion Of Operating Expenses� Determine Cashflow

Types of Aquatic ProgrammingTypes of Aquatic Programming

Aquatic ComponentsüCompetitiveüRecreationü Instructionü Fitness & Therapy

What We Heard

� Need new pool to enhance “quality of life” within Jasper� Definition of Success� Financial – Reduce “loss” per visitor� Improve quality of life in community – attract

visitors/new residents� Maximize number of users – increase visits� Provide amenities that are viable option to the Holiday

World “event”

Options for Consideration

� Option 1 – Multi-purpose leisure pool with zero depth entry, play feature, 6-25 yard lap lanes, diving board, separate tot pool, crossing activity, separate waterslide catch pool, shade structures and required support spaces

� Option 2 – Multi-purpose leisure pool with zero depth entry, play feature, 6-25 yard lap lanes, diving board, crossing activity, current channel

� Option 3 – 50 meter lap pool, diving board, drop slide, waterslide with run-out, leisure pool with ramp entry, water slide, spray features

Option 1� Option 1 – Multi-purpose leisure pool with zero depth entry,

play feature, 6-25 yard lap lanes, diving board, separate tot pool, crossing activity, separate waterslide catch pool, shade structures and required support spaces

Option 1 Description Unit Amount Opinion of Cost

Demolition Not Included

Bathhouse 4,020 $762,000Entrance/Recep Office Sq. Ft. 150 First Aid /Guard Room Sq. Ft. 200 Manager Office Sq. Ft. 150 Mechanical/Storage Sq. Ft. 1,050 Locker Rooms Sq. Ft. 1,200 Family Changing Room Sq. Ft. 150 Snack Bar/Concessions Sq. Ft. 450 Efficiency Sq. Ft. 670

Outdoor Leisure Pool 8,706 $1,765,100Multi-Purpose Pool Sq. Ft. 7,225 Diving Boards Add. Cost 1 Participatory Play Feature Allowance 1 Crossing Activity Add. Cost 1Slide Catch Pool Sq. Ft. 785 Waterslide 1st flume Quantity 1 Waterslide 2nd flume Quantity 1Tot Area Sq. Ft. 690 Features Allowance 1

Support 26,118 $383,238Pool Deck Sq. Ft. 17,412Fence Linear Ft. 1,000Overhead Lighting Sq. Ft. 26,118Funbrellas Quantity 3Equipment Allowance 1

Total Building Construction Costs 2,910,338

Site Construction Costs (parking lot, landscaping, utilities, walks) $602,760

Subtotal $3,513,098

Contingency 5% $175,655

Indirect Costs 10% $368,875

Total Estimated Project Costs: $4,057,628Say $4,100,000

OPINION OF PROJECT COST: Concept I

Option 2� Option 2 – Multi-purpose leisure pool with zero depth entry, play

feature, 6-25 yard lap lanes, diving board, crossing activity, current channel

Option 2 Description Unit Amount Opinion of Cost

Demolition Not Included

Bathhouse 4,020 $762,000Entrance/Recep Office Sq. Ft. 150 First Aid /Guard Room Sq. Ft. 200 Manager Office Sq. Ft. 150 Mechanical/Storage Sq. Ft. 1,050 Locker Rooms Sq. Ft. 1,200 Family Changing Room Sq. Ft. 150 Snack Bar/Concessions Sq. Ft. 450 Efficiency Sq. Ft. 670

Outdoor Leisure Pool 10,780 $2,046,500Multi-Purpose Pool Sq. Ft. 10,775 River / Vortex Equipment Add. Cost 1 Participatory Play Feature Allowance 1 Waterslide 1st flume Quantity 1 Diving Board Quantity 1 Crossing Activity Quantity 1

Support 32,340 $480,440Pool Deck Sq. Ft. 21,560Fence Linear Ft. 1,100Overhead Lighting Sq. Ft. 32,340Funbrellas Quantity 6Equipment Allowance 1

Total Building Construction Costs 3,288,940

Site Construction Costs (parking lot, landscaping, utilities, walks) $654,480

Subtotal $3,943,420

Indirect Costs 10% $394,342

Contingency 5% $216,888

Total Estimated Project Costs: $4,554,650Say $4,600,000

OPINION OF PROJECT COST: Concept II

Option 3� Option 3 – 50 meter lap pool, diving board, drop slide, waterslide

with run-out, leisure pool with ramp entry, water slide, spray features

Option 3 Description Unit Amount Opinion of Cost

Demolition Not Included

Bathhouse 6,240 $1,147,750Entrance/Recep Office Sq. Ft. 200 First Aid /Guard Room Sq. Ft. 200 Manager Office Sq. Ft. 150 Mechanical/Storage Sq. Ft. 2,150 Locker Rooms Sq. Ft. 1,500 Family Changing Room Sq. Ft. 250 Snack Bar/Concessions Sq. Ft. 750 Efficiency Sq. Ft. 1,040

Outdoor Leisure Pool 14,655 $2,695,00050 Meter Pool Sq. Ft. 11,500 Waterslide 1st flume Quantity 1 Waterslide 2nd flume Quantity 1 Diving Board Quantity 1Tot Area Sq. Ft. 3,150 Features Allowance 1 Waterslide 1st flume Add. Cost 1

Support 43,965 $593,565Pool Deck Sq. Ft. 29,310Fence Linear Ft. 1,100Overhead Lighting Sq. Ft. 43,965Funbrellas Quantity 10Equipment Allowance 1

Total Building Construction Costs 4,436,315

Site Construction Costs (parking lot, landscaping, utilities, walks) $903,690

Subtotal $5,340,005

Indirect Costs 10% $534,001

Contingency 5% $293,700

Total Estimated Project Costs: $6,167,706Say $6,200,000

OPINION OF PROJECT COST: Concept III

CapacityOption 1 Option 2 Option 3

WET-SIDE CAPACITYTraining (Available 25-Yard Lanes)Multi-purpose pool 6 6 11Tot Pool 0 0 0Slide Catch Pool 0 0 0Total 6 6 11

Estimated Training Holding Capacity 30 30 55Daily Training Capacity 90 90 165

Recreation (Surface Area Sq. Ft.)Multi-purpose pool 7,225 10,775 11,500Tot Pool 690 0 3,150Slide Catch Pool 785 0 0Total 8,700 10,775 14,650

Shallow Water 6,525 8,081 10,255Deep Water 2,175 2,694 4,395

Estimated Recreation Holding Capacity 283 350 454Daily Recreation Holding Capacity 707 875 1,135

Total Holding Capacity 313 380 509 Total Daily Facility Capacity 797 965 1,300

Parking / Site Size

Option 1 Option 2 Option 3Parking 125 152 204 Parking Sq. Ft. 41,000 50,000 67,000 Impervious Structure 30,138 36,360 50,205 Total Program Sq. Ft. 71,138 86,360 117,205 Total Sq. Ft. with Efficiency 142,276 172,720 234,410 Preferred Site Size Requirements (acres) 3.27 3.97 5.38 Recommended Site Size (acres) 4.90 5.95 8.07

Population

Radius Number Percent Number Percent Number Percent Number Percent Number Percent(000's) of Total (000's) of Total (000's) of Total (000's) Percent (000's) Percent

0 to 3 Miles 16.9 7.2% 17.0 7.2% 17.7 7.3% 0.0 0.3% 0.1 0.7%

3 to 5 Miles 19.3 8.2% 19.4 8.2% 20.1 8.3% 0.0 0.2% 0.1 0.8%

5 to 10 Miles 34.6 14.7% 34.7 14.7% 35.8 14.8% 0.1 0.2% 0.2 0.6%

Subtotal 70.7 30.0% 71.2 30.1% 73.7 30.4% 0.2 0.2% 0.5 0.7%

10 to 15 Miles 47.9 20.3% 48.1 20.3% 49.5 20.4% 0.1 0.1% 0.3 0.6%

15 to 25 Miles 117.2 49.7% 117.2 49.5% 119.1 49.2% 0.0 0.0% 0.4 0.3%

Subtotal 165.1 70.0% 165.3 69.9% 168.7 69.6% 0.1 0.0% 0.7 0.4%

Total (0-25 Miles) 235.8 100.0% 236.4 100.0% 242.3 100.0% 0.2 0.1% 1.2 0.5%

Jasper, IN 15.0 15.2 15.6 0.0 0.3% 0.1 0.6%

MARKET AREA POPULATION BY DISTANCEPopulation Average Annual Change

2010 2013 2018 2010-2013 2014-2019

Source: Experian

Age

Age Groups U.S. Age# % # % # % # % # % # % Population

Age 0-4 1,166 6.8% 1,285 6.6% 2,285 6.6% 3,066 6.4% 7,582 6.5% 1,061 7.0% 6.5%Age 5-9 1,143 6.7% 1,316 6.8% 2,384 6.9% 3,243 6.7% 8,088 6.9% 1,006 6.6% 6.5%Age 10-14 1,249 7.3% 1,435 7.4% 2,555 7.4% 3,519 7.3% 8,346 7.1% 1,089 7.2% 6.6%Age 15-19 1,092 6.4% 1,278 6.6% 2,374 6.8% 3,276 6.8% 7,907 6.7% 939 6.2% 6.9%

Subtotal 4,650 27.3% 5,314 27.4% 9,598 27.6% 13,104 27.2% 31,923 27.2% 4,095 27.0% 26.5%Age 20-24 814 4.8% 914 4.7% 1,658 4.8% 2,280 4.7% 6,192 5.3% 737 4.9% 7.1%Age 25-29 1,092 6.4% 1,195 6.2% 2,054 5.9% 2,740 5.7% 6,598 5.6% 999 6.6% 6.8%Age 30-34 1,065 6.2% 1,178 6.1% 2,134 6.1% 2,873 6.0% 6,814 5.8% 970 6.4% 6.6%Age 35-39 941 5.5% 1,082 5.6% 2,009 5.8% 2,782 5.8% 6,816 5.8% 833 5.5% 6.3%Age 40-44 1,073 6.3% 1,241 6.4% 2,277 6.6% 3,212 6.7% 7,470 6.4% 939 6.2% 6.8%Age 45-49 1,257 7.4% 1,461 7.5% 2,639 7.6% 3,736 7.8% 8,685 7.4% 1,093 7.2% 7.1%Age 50-54 1,324 7.8% 1,551 8.0% 2,781 8.0% 3,903 8.1% 9,216 7.9% 1,147 7.6% 7.3%Age 55-59 1,180 6.9% 1,374 7.1% 2,460 7.1% 3,489 7.3% 8,340 7.1% 1,031 6.8% 6.5%Age 60-64 975 5.7% 1,127 5.8% 2,030 5.8% 2,838 5.9% 7,347 6.3% 862 5.7% 5.7%Age 65-69 706 4.1% 800 4.1% 1,423 4.1% 2,003 4.2% 5,322 4.5% 634 4.2% 4.2%Age 70-74 603 3.5% 685 3.5% 1,228 3.5% 1,742 3.6% 4,331 3.7% 543 3.6% 3.1%Age 75-79 491 2.9% 544 2.8% 953 2.7% 1,345 2.8% 3,245 2.8% 447 3.0% 2.4%Age 80-84 417 2.4% 451 2.3% 746 2.1% 1,053 2.2% 2,510 2.1% 384 2.5% 1.9%Age 85+ 463 2.7% 486 2.5% 741 2.1% 1,009 2.1% 2,347 2.0% 437 2.9% 1.9%

TOTAL: 17,051 100.0% 19,403 100.0% 34,731 100.0% 48,109 100.0% 117,156 100.0% 15,151 100.0% 100%Median Age 37.0

MARKET AREAAGE DISTRIBUTION

0 to 3 Miles 3 to 5 Miles 5 to 10 Miles 10 to 15 Miles 15 to 25 Miles

Source: Experian

Jasper, IN

39.8 40.1 39.8 40.5 40.2 39.7

Income

Radius Dollars Index Dollars Index0 to 3 Miles $30,293 1.14 $57,432 1.09

3 to 5 Miles $30,506 1.15 $59,036 1.12

5 to 10 Miles $27,487 1.04 $55,518 1.06

10 to 15 Miles $26,221 0.99 $54,124 1.03

15 to 25 Miles $23,781 0.90 $49,867 0.95

Jasper, IN $30,090 1.14 $56,122 1.07

Total U.S. $26,464 1.00 $52,599 1.00Source: Experian

MARKET AREA INCOMEPer Capita Incomes Median Household Incomes

Group ProgrammingVisits per Program Day Option 1 Option 2 Option 3Swim Meet Rental 1 1 1 USA / City Swim Team 20 20 50 Masters Swim Team 30 30 30 Summer Swim Lessons 30 30 30 Lifeguard Training 10 10 10 Wellness Programming 10 10 10 Birthday Party 2 2 2 Private Rental 1 1 1

Programming Days Option 1 Option 2 Option 3Swim Meet Rental 2 2 6 USA / City Swim Team 60 60 60 Masters Swim Team 50 50 50 Summer Swim Lessons 32 32 32 Lifeguard Training 10 10 10 Wellness Programming 30 30 30 Birthday Party 60 60 60 Private Rental 50 50 50

Per Capita Spending (Net) Option 1 Option 2 Option 3Swim Meet Rental $500.00 $500.00 $1,000.00USA / City Swim Team $1.00 $1.00 $2.00Masters Swim Team $1.50 $1.50 $1.50Summer Swim Lessons $2.50 $2.50 $2.50Lifeguard Training $3.50 $3.50 $3.50Wellness Programming $1.50 $1.50 $1.50Birthday Party $50.00 $50.00 $50.00Private Rental $75.00 $75.00 $75.00

Opinion of Revenue (Net) Option 1 Option 2 Option 3Swim Meet Rental $1,000 $1,000 $6,000USA / City Swim Team $1,200 $1,200 $6,000Masters Swim Team $2,250 $2,250 $2,250Summer Swim Lessons $2,400 $2,400 $2,400Lifeguard Training $350 $350 $350Wellness Programming $450 $450 $450Birthday Party $6,000 $6,000 $6,000Private Rental $3,750 $3,750 $3,750

User-Group Revenue $17,400 $17,400 $27,200

Per Cap SpendingCategory Rate

Percent of Visits

Per Visit Unit

Residents Adult (18 & Older) 6.00 17% 1.02

Children (3-17) 4.00 20% 0.80 Free 0 2% -

Non-ResidentAdult 7.00 14% 0.98 Child 5.00 11% 0.55

Season PassResident

Individual 90.00 12% 0.27 Family 200.00 10% 0.17

Non-ResidentIndividual 110.00 8% 0.25 Family 275.00 6% 0.15

Subtotal / Average 100% 4.19

Food / Merchandise 0.05$ Total $4.24

Revenue

Option 1 Option 2 Option 3Attendance

2014 30,664 35,039 33,084 2015 30,876 35,280 33,310 2016 31,013 35,431 33,461 2017 31,225 35,672 33,687 2018 31,437 35,913 33,913

Per Capita Spending (3% Annual Increase) $4.24 $4.24 $4.24Special User Group Spending $17,400 $17,400 $27,200

2014 $147,358 $165,898 $167,4122015 $152,182 $171,404 $172,6052016 $156,724 $176,570 $177,5202017 $161,647 $182,187 $182,8182018 $166,623 $187,866 $188,174

ExpensesOption 1 Option 2 Option 3

Facility StaffFull Time Employment Not Included Not Included Not IncludedSummer Employment $76,901 $93,461 $143,141Winter Employment $2,760 $2,760 $4,140Training $1,000 $1,000 $2,000Total Labor $80,661 $97,221 $149,281

Contractual ServicesInsurance $23,129 $26,175 $35,860Repair and Maintenance $10,300 $11,500 $15,500Total Contractual Services $33,429 $37,675 $51,360

CommoditiesOperating Supplies $6,180 $6,900 $9,300Chemicals $11,824 $16,001 $22,832Advertising $10,000 $11,667 $11,000Total Commodities $28,004 $34,568 $43,132

UtilitiesHVAC $6,271 $6,271 $9,734Electricity $25,072 $30,332 $31,470Pool Heating $0 $0 $0Telephone $336 $336 $336Trash Service $2,700 $2,700 $2,700Water & Sewer $8,463 $10,455 $11,929Total Utilities $42,842 $50,094 $56,169

Total Operating Expenses $184,935 $219,557 $299,942

Capital Replacement Fund $20,500 $23,000 $31,000

Total Expense $205,435 $242,557 $330,942

Labor

Job Description Opt

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SummerCashier 9 9 9 7.00 $8.05 90 90 100 6,521 6,521 6,521Pool Manager 10 10 10 9.00 $10.35 90 90 100 9,315 9,315 9,315Lifeguard 70 90 150 8.00 $9.20 90 90 100 57,960 74,520 124,200Maintenance 2 2 2 15.00 $17.25 90 90 100 3,105 3,105 3,105Summer Total 91 111 171 $76,901 $93,461 $143,141

WinterCashier 0 0 0 7.00 $8.05 265 20 50 0 0 0Pool Manager 0 0 0 9.00 $10.35 265 20 50 0 0 0Lifeguard 0 0 0 8.00 $9.20 265 20 50 0 0 0Maintenance 8 8 12 15.00 $17.25 265 20 50 2,760 2,760 4,140Winter Total 8 8 12 $2,760 $2,760 $4,140

Annual Labor Expense $79,661 $96,221 $147,281

Total Employer ExpenseDays per SeasonCost Per HourHours Per Day

Summary2014 2015 2016 2017 2018

Option 1 Project Cost $4,100,000 Attendance 30,664

Revenue $147,358 $152,182 $156,724 $161,647 $166,623Expense $184,935 $189,559 $194,298 $199,155 $204,134Operating Cashflow ($37,578) ($37,377) ($37,573) ($37,508) ($37,511)Recapture Rate 80% 80% 81% 81% 82%Capital Replacement Fund $20,500 $20,500 $20,500 $20,500 $20,500Debt Service ($328,995) ($328,995) ($328,995) ($328,995) ($328,995)Cash Flow ($387,072) ($386,872) ($387,068) ($387,003) ($387,006)

Option 2 Project Cost $4,600,000 Attendance 35,039

Revenue $165,898 $171,404 $176,570 $182,187 $187,866Expense $219,557 $225,046 $230,672 $236,439 $242,350Operating Cashflow ($53,660) ($53,642) ($54,103) ($54,252) ($54,484)Recapture Rate 76% 76% 77% 77% 78%Capital Replacement Fund $23,000 $23,000 $23,000 $23,000 $23,000Debt Service ($369,116) ($369,116) ($369,116) ($369,116) ($369,116)Cash Flow ($445,776) ($445,758) ($446,219) ($446,368) ($446,600)

Option 3 Project Cost $6,200,000 Attendance 33,084

Revenue $167,412 $172,605 $177,520 $182,818 $188,174Expense $299,942 $307,440 $315,126 $323,005 $331,080Operating Cashflow ($132,530) ($134,836) ($137,607) ($140,186) ($142,906)Recapture Rate 56% 56% 56% 57% 57%Capital Replacement Fund $31,000 $31,000 $31,000 $31,000 $31,000Debt Service ($497,504) ($497,504) ($497,504) ($497,504) ($497,504)Cash Flow ($661,034) ($663,340) ($666,111) ($668,691) ($671,410)

Presented By:

Counsilman ▪ Hunsaker

June 10th, 2014