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A PLAN FOR PALM BEACH COUNTY ECONOMIC DEVELOPMENT THROUGH ARTS, SCIENCE AND CULTURAL CAPITAL PROJECTS REVISIONS AND ADDITIONS, MARCH 18, 2016 DEVELOPED BY THE CULTURAL COUNCIL OF PALM BEACH COUNTY

A PLAN FOR PALM BEACH COUNTY ECONOMIC DEVELOPMENT … · 2017. 2. 7. · A snapshot of just one of the cultural organization’s educational programs: The Palm Beach Zoo and Conservation

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Page 1: A PLAN FOR PALM BEACH COUNTY ECONOMIC DEVELOPMENT … · 2017. 2. 7. · A snapshot of just one of the cultural organization’s educational programs: The Palm Beach Zoo and Conservation

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A P L A N

F O R PA L M B E A C H C O U N T Y

E C O N O M I C D E V E L O P M E N T

T H R O U G H A R T S , S C I E N C E A N D

C U LT U R A L C A P I TA L P R O J E C T S

R E V I S I O N S A N D A D D I T I O N S , M A R C H 1 8 , 2 0 1 6

D E V E L O P E D B Y

T H E C U LT U R A L C O U N C I L O F PA L M B E A C H C O U N T Y

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S U M M A R Y O F C U LT U R A L FA C I L I T I E S

P O R T I O N O F S A L E S TA X 3

S U M M A R Y O F E D U C AT I O N A L B E N E F I T S 5

R E V I S E D P R O J E C T L I S T 7

E C O N O M I C I M PA C T R E P O R T/ M E M O 9

L I S T O F B E N E F I T S 1 4

L I S T O F S U P P O R T E R S 1 6

TA B L E O F C O N T E N T S

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S U M M A R Y O F C U LT U R A L FA C I L I T I E S

P O R T I O N O F S A L E S TA X

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Proposed Sales Tax Funding for Cultural Facilities in Palm Beach County Guidelines, Criteria, Eligibility, and Benefits

SUMMARY FACT SHEET CRITERIA for eligible projects and cultural facilities –

1. The sales tax funds dedicated to a project must be matched by the recipient 1 to 1. For every ONE DOLLAR of public funding at least another ONE DOLLAR of other funding must be matched. Exceptions: facilities in REDI designated areas are not required to match; facilities owned by public colleges or universities are required to provide a 2:1 match.

2. Must be a facility primarily dedicated to education, including music, arts and science. 3. Must be a nonprofit corporation or municipality. 4. Must be open to the public. 5. Applicants must convincingly demonstrate an ability and/or plan to successfully and stably operate upon execution of the

capital project and into the future. 6. Funding from this program is provided only after all other funding dedicated to the project has been committed/spent. 7. Funding from this program is reimbursed after receipts for allowable expenditures are submitted and verified. 8. Education must be a primary focus of the cultural programs, especially educational programs for children under the age of 18.

BENEFITS of investing in cultural facilities 1. The return on investment is guaranteed to be at least a 100% return due to the matching requirement. 2. The total return on investment will be much greater due to the endowment and program funding each will also raise from the

private sector resulting in at least a 2 to 1 return. So for every $1 in public funds there will be at least $2 in other return. 3. There is a backlog of infrastructure needs and capacity needs in our cultural facilities and in order to be competitive in this

global economy we must catch up as a county. 4. Palm Beach County is better able to keep pace in business recruitment and retention as we vie to attract companies and jobs

with regions that invest in cultural facilities. 5. Tourism has grown by 25% since 2007 and cultural facilities have hit capacity. For the economic benefits of tourism to grow so

much the space required to attract and serve them. 6. Population has grown 20% since 2000 and arts, science and cultural programming for children K-12 is stretched too thin and

we must keep pace. 7. Beyond the initial return on investment there is an ongoing, long-term multiplying effect as cultural facilities are able to serve

larger audiences, the resulting audience spending and jobs created will result in high yield economic impact. 8. Access to high quality arts, science and cultural activities is a major factor in maintaining a high quality of life and this

investment will assist our community in elevating our quality of life.

OTHER facts 1. The proposed sales tax percentages will cover all stated financial needs for the schools and county. 2. Only 5% of the proposed sales tax will fund cultural facilities, and it is the only portion of the investment that will have an

ongoing, permanent return on investment due to the effect of increased attendance. 3. An oversight committee of community and business leaders will oversee the cultural portion of the sales tax funded projects. In

addition, since all funds flow through Palm Beach County, the County’s review is also a part of the process. There are two levels of safeguards for the management and oversight of the funds.

4. Many recipients of the cultural portion of the sales tax will provide individualized benefits to citizens such as discounts on tickets and free programs. Example: the Norton Museum of Art will be free to all Palm Beach County citizens for at least the 10 years that the tax is collected.

February 28, 2016

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S U M M A R Y O F

E D U C AT I O N A L B E N E F I T S

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Informal Arts, History, Science and Cultural Education in Palm Beach County SUMMARY FACT SHEET

Palm Beach County is home to more than 200 arts and cultural organizations that provide more than 42,000

offerings each year resulting in 3.3 million people in audiences last year The Council’s latest “Educational Guide to Art and Culture in Palm Beach County” featured more than 75

organizations offering curriculum-based programming for pre-K thru 12th grade through in-house education, outreach, field experiences, performances, festivals and school partnerships

715,599 K-12 students served last year through general admission, classes, family/weekend programming, camps, field trips, school partnerships, and outreach (tourists and repeat visitation included)

Half of the organizations surveyed offer FREE programming to students in some form 90%+ of cultural organizations surveyed report significant subsidies to their education programs exceeding

discounts representing 80% of the actual cost Examples include:

o Kravis Center STAR series: cost to student $5 per performance o Palm Beach Zoo: cost of student admission $7.75, actual $32.00 o Norton Museum of Art: cost of student admission FREE, actual $75. And buses are provided FREE o Boca Raton Museum of Art: Education Mornings FREE o The Center for Creative Education: in school programming (FREE), afterschool programming (FREE),

in-house programming (FREE for 85% of students), actual costs for in school ($133 per child), afterschool ($65 per child), in-house ($900 per child, 32 weeks in total)

o Dramaworks provides FREE theater admission to PB County school children o Miami City Ballet performances at the Kravis are FREE to PB County school children

Some of the highest attended: o Loggerhead Marinelife Center – 45,000 (fee reduced by 80%) o Norton Museum of Art – 15,000 (FREE) o South Florida Science Museum – 100,000 (FREE for Title One) o Kravis Center – 76,000 ($5 for a performance)

Organizations like the Norton Museum and Kravis also offer teacher training regularly. o The School District of Palm Beach County’s transportation funds for Title 1 schools (appr. $80,000)

are typically depleted by November. The cost for a district bus is appr. $500 and private charter buses are in excess of this figure. Many organizations and a Cultural Council fund provide underwriting for transportation. In 2015 the Historic Society of Palm Beach County spent $18,738 for transportation costs alone.

A snapshot of just one of the cultural organization’s educational programs: The Palm Beach Zoo and Conservation Society’s attendance last year was 323,000. 42% were children. 137,000 children, age 12 or younger experienced the Zoo last year 90,000 or two thirds of these children were from Palm Beach County 40,000 of these PB County kids came to the Zoo on organized field trips At least half of these field trips came from Title 1 schools These children are admitted to the Zoo for $7.75 per person (discounted by 50% off the regular admission

ticket). The actual cost per person for every visit to the Zoo last year was just under $30.00. 15,000 children visiting on these field trips also received organized STEM compliant 45 minute (or longer)

Zoo Classes. Over 300 children (mostly 5th grade, but some 3rd and 4th) received the Zoo School experience – 5 full days

of their own classes taught at the Zoo, with their teacher, for which we provided all transportation and lunches. 100% of these students were Title 1 kids. Each one of these 25 – 30 student week long experiences at the Zoo costs $3,000-$5,000. (The cost differences are determined by bussing distances.) All transportation and costs are paid by the Zoo’s private donors at no cost to the school district

Another 21,000 children experience “Outreach Programs” delivered off campus using the Zoo Mobile in after school and recreational programs around the county

February 27, 2016

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R E V I S E D P R O J E C T L I S T

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List of Recommended Projects - Economic Development: Cultural FacilitiesCapital Improvements and Expansions in Museums, Theaters, Arts Centers, and Ecological Centers

Institution or Municipality Total Capital Project

Budget

FINAL Proposed Public

Funding% of total sales tax collected 4.500%

African American Research Library and Cultural Center 2,000,000$ 805,500$ Arts Education After School Facility, Pahokee 1,750,000$ 1,409,625$ Benzaiten Center for Creative Arts 1,500,000$ 604,125$ Boca Ballet Theater, Boca Symphonia, Sol Children’s Theater, Youth Orchestra, Harid Conservatory South County Arts Complex 50,000,000$ 16,000,000$ Boca Raton Children's Museum 100,000$ 40,275$ Boca Raton Historical Society and Museum 4,500,000$ 1,812,375$ Boca Raton Museum of Art 15,000,000$ 6,041,250$ Center for Creative Education 3,000,000$ REMOVEDCultural Center at Old Boynton Beach High School 4,500,000$ 805,500$ Cultural Council of Palm Beach County 4,000,000$ 1,611,000$ Delray Beach Playhouse 1,092,700$ 440,085$ FAU Schmidt College of Arts and Letters 20,757,000$ REMOVEDHistorical Society of Palm Beach County 7,000,000$ 2,819,250$ Jupiter Inlet Lighthouse and Museum 27,000,000$ 10,874,250$ 1000 Lake Arts Center 8,000,000$ 3,222,000$ Lawrence E. Will Museum of the Glades 2,000,000$ 1,611,000$ Loggerhead Marinelife Center 8,500,000$ 3,423,375$ Maltz Jupiter Theatre 28,000,000$ 11,277,000$ Morikami Museum and Japanese Gardens 18,806,000$ 7,574,117$ Mounts Botanical Garden 3,000,000$ 1,208,250$ Multi-use Arts Space, West Palm Beach 40,000,000$ REMOVEDNorton Museum of Art 84,000,000$ 16,000,000$ Old School Square 4,500,000$ 1,812,375$

Palm Beach Dramaworks 10,000,000$ 4,027,500$ Palm Beach Zoo & Conservation Society 40,000,000$ 16,000,000$ South Florida Science Center and Aquarium 30,000,000$ 12,082,500$

SUBTOTAL of ALL Projects 419,005,700$ 121,501,351$

Trust fund for economic development cultural facilities 76,000,000$ REMOVED

TOTAL 495,005,700$ 121,501,351$

March 17, 2016

List of Recommended Projects - Economic Development: Cultural FacilitiesCapital Improvements and Expansions in Museums, Theaters, Arts Centers, and Ecological Centers

Institution or Municipality Total Capital Project

Budget

FINAL Proposed Public

Funding% of total sales tax collected 4.500%

African American Research Library and Cultural Center 2,000,000$ 805,500$ Arts Education After School Facility, Pahokee 1,750,000$ 1,409,625$ Benzaiten Center for Creative Arts 1,500,000$ 604,125$ Boca Ballet Theater, Boca Symphonia, Sol Children’s Theater, Youth Orchestra, Harid Conservatory South County Arts Complex 50,000,000$ 16,000,000$ Boca Raton Children's Museum 100,000$ 40,275$ Boca Raton Historical Society and Museum 4,500,000$ 1,812,375$ Boca Raton Museum of Art 15,000,000$ 6,041,250$ Center for Creative Education 3,000,000$ REMOVEDCultural Center at Old Boynton Beach High School 4,500,000$ 805,500$ Cultural Council of Palm Beach County 4,000,000$ 1,611,000$ Delray Beach Playhouse 1,092,700$ 440,085$ FAU Schmidt College of Arts and Letters 20,757,000$ REMOVEDHistorical Society of Palm Beach County 7,000,000$ 2,819,250$ Jupiter Inlet Lighthouse and Museum 27,000,000$ 10,874,250$ 1000 Lake Arts Center 8,000,000$ 3,222,000$ Lawrence E. Will Museum of the Glades 2,000,000$ 1,611,000$ Loggerhead Marinelife Center 8,500,000$ 3,423,375$ Maltz Jupiter Theatre 28,000,000$ 11,277,000$ Morikami Museum and Japanese Gardens 18,806,000$ 7,574,117$ Mounts Botanical Garden 3,000,000$ 1,208,250$ Multi-use Arts Space, West Palm Beach 40,000,000$ REMOVEDNorton Museum of Art 84,000,000$ 16,000,000$ Old School Square 4,500,000$ 1,812,375$

Palm Beach Dramaworks 10,000,000$ 4,027,500$ Palm Beach Zoo & Conservation Society 40,000,000$ 16,000,000$ South Florida Science Center and Aquarium 30,000,000$ 12,082,500$

SUBTOTAL of ALL Projects 419,005,700$ 121,501,351$

Trust fund for economic development cultural facilities 76,000,000$ REMOVED

TOTAL 495,005,700$ 121,501,351$

March 17, 2016

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E C O N O M I C I M PA C T R E P O R T/ M E M O

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1012051 Corporate Blvd, Orlando, Florida 32817 (407) 382-3256 FAX (407) 382-3254 email [email protected]

Memorandum

TO: Rena Blades, President and CEO Cultural Council of Palm Beach County

FROM: Stanley P. Geberer, Senior Associate Fishkind & Associates, Inc.

SUBJECT: Economic Impacts of Palm Beach Cultural Council Construction Program

DATE: March 17, 2016

________________________________________________________________

1.0 Background

The Cultural Council of Palm Beach is an umbrella organization for arts and cultural programming facilities in Palm Beach County, Florida.

At present, there is a referendum being considered to increase the local option sales tax in Palm Beach County by one penny. A portion of the revenues generated by this additional tax are proposed to be used to fund cultural arts and programming facilities throughout Palm Beach County.

The capital planning program among cultural facilities has been an ongoing effort. As a result, most of the projects contemplated have been in the planning or development stages for quite some time. In addition, it is contemplated that all of the projects identified will have private funding sources to complement the public tax money investment. As a result, the tax dollars spent will be supplemented by an additional $2 for every $1 dollar of penny sales tax money invested.

2.0 Construction Program

Twenty-three separate cultural programs and facilities projects have been identified for partial funding by the penny sales tax. The capital construction amounts identified total $355,300,000. Of the total project amount, the penny sales tax funding portion is projected to be $121,500,000. Private sources will contribute $2 for every $1 dollar of penny sales tax money invested. The result is a highly advantageous cultural funding program which is catalyzed by public investment. The projects are slated to be completed in phases over a ten-year construction period. Table 1 describes the facility, the total program construction planned amounts and the portion to be funded by the penny sales tax.

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Table 1 - Capital Funding Requirements for Cultural and Arts Programming Organization Name Capital

BudgetPenny Tax

FundingAfrican American Research Library and Cultural Center $2,000,000 $805,500

Benzaiten Center for Creative Arts, Inc. $1,500,000 $604,125

Boca Raton Children's Museum $100,000 $40,275

Boca Raton Historical Society $4,500,000 $1,812,375

Boca Raton Museum of Art, Inc. $15,000,000 $6,041,250

City of Pahokee for the Prince Theatre $1,750,000 $1,409,625

Cultural Council of Palm Beach County $4,000,000 $1,611,000

Delray Beach Playhouse $1,092,700 $440,085

Historical Society of Palm Beach County $7,000,000 $2,819,250

Jupiter Inlet Lighthouse, Museum/Loxahatchee River Historical Society

$27,000,000 $10,874,250

Lake Worth 1000 Lake Arts Center $8,000,000 $3,222,000

Lawrence E Will Museum: A Museum of the Glades $2,000,000 $1,611,000

Loggerhead Marinelife Center $8,500,000 $3,423,375

Maltz Jupiter Theatre $28,000,000 $11,277,000

Morikami Museum and Japanese Gardens $18,806,000 $7,574,117

Mounts Botanical Garden $3,000,000 $1,208,250

Norton Museum of Art $84,000,000 $16,000,000

Old Boynton Beach High School $4,500,000 $805,500

Old School Square $4,500,000 $1,812,375

Palm Beach Dramaworks $10,000,000 $4,027,500

Palm Beach Zoo & Conservation Society $40,000,000 $16,000,000

South County Arts Complex $50,000,000 $16,000,000

South Florida Science Center and Aquarium $30,000,000 $12,082,500

Total Cultural and Arts Programming $355,248,700 $121,501,351Source: Cultural Council of Palm Beach County and Fishkind & Associates, Inc.

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3.0 Economic Impacts of Construction

The economic impacts of the cultural arts programming plan include three segments. First is construction; second, is the resulting ongoing operations impacts and; third, the effects of visitor/attendee/patron spending. Below, we present the construction impacts. Operations and attendee spending will be detailed in the subsequent final report.

For purposes of analysis, construction spending is divided into two components. These are 1) new construction and 2) renovation of existing facilities. Estimates developed by Fishkind & Associates, based on descriptions of each of the 23 separate projects, indicate approximately 70% of spending will take place for new construction and 30% will take place for renovation of existing structures.

Economic impacts are concerned with the amount of spending that takes place in the local community (called the direct effect) and the impact of that spending when it is respent (the multiplier effect), by local businesses and workers in Palm Beach County. Because some of the total project cost is initially spent outside the local area, for the purchase of specialty materials and services not produced locally, the direct effect spending is seen to be a reduced amount when compared with the project total.

Typically, in construction, labor costs are 50% of project totals and materials are 50%. Of the materials, Fishkind estimates 60% are purchased outside of Palm Beach County and 40% of materials are purchased or manufactured locally. As a result of the out of area materials purchase, it is estimated 70% of total project spending takes place within Palm Beach County. Thus, of the $355.3 million, $248.7 million is spent locally. It is this amount which creates the multiplier effect when it is respent in the community. Table 2 provides the summary of the direct effect of construction spending and the resulting multiplier effect.

Table 2 - Cultural Council Economic Impacts of ConstructionImpact Type Employment Labor Income Output Direct Effect 1,087 $67,251,535 $248,674,083 Indirect Effect 460 $22,683,690 $59,760,522 Induced Effect 396 $17,591,724 $49,252,609

Total Effect 1,944 $107,526,949 $357,687,214

Average Annual Effect Over 10 Years

194 $10,752,695 $35,768,721

Source: Fishkind & Associates, Inc.; Minnesota IMPLAN Group, Inc., Copyright 2016

Total local employment generated by the construction program will occur on a phased basis over a ten year period. On an annual average basis this will support nearly 200 construction jobs each year, with cumulative economic impact of $357,700,000. Some $10,800,000 will be paid in construction wages each year over the decade.

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Table 3 details the local industries across which the economic impacts are distributed. These top industries account for 75% of all the wages paid over the construction period as a result of the construction program and resulting multiplier effect.

Table 3 Key Economic Sectors Benefitted by Cultural Council ConstructionDescription Employment Labor Income Output Construction of new edu. and museum structures 712 $43,528,587 $173,006,045 Maintenance and repair nonresidential structures 380 23,979,078 76,485,004 Retail 145 4,267,936 11,855,328 Real estate 59 913,733 8,822,999 Owner-occupied dwellings 0 - 7,518,981 Wholesale trade 30 2,683,434 7,366,169 Architectural, engineering, and related services 38 2,917,571 4,928,678 Hospitals 20 1,404,221 2,899,462 Ready-mix concrete manufacturing 7 748,070 2,476,760 Full-service restaurants 29 858,409 1,709,409

Subtotal Key Industries 1,420 81,301,039 297,068,835

All Impacts 1,944 $107,526,949 $357,687,214

Avg. Annual Impacts Over 10-Year Development Period

194 $10,752,695 $35,768,721

Source: Fishkind & Associates, Inc.; Minnesota IMPLAN Group, Inc., Copyright 2016

4.0 Construction Impact Conclusions

The economic impact of the Cultural Council construction programming represents a total investment of $3 for every $1 of public funding. Cumulative economic impacts over the 10 year construction period will reach $357,700,000. Of this, $107,500,000 will be paid in construction wages and on average keep nearly 200 workers employed for a decade.

More than a third of a billion dollars in construction investment will take place. Once completed, this investment will have significant ongoing impacts in terms of additional permanent jobs, visitor spending and improved cultural benefits to the residents of Palm Beach County.

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L I S T O F B E N E F I T S

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Proposed Sales Tax Funding for Cultural Facilities in Palm Beach County Direct Benefits to Palm Beach County Residents

SUMMARY FACT SHEET Cultural facilities that receive public funding through the infrastructure surtax will be able to serve the residents and tourists of this region better by offering more programs, enhanced educational opportunities and will be able to accommodate more people per year. In addition, in many cases, the museums, theaters, ecological centers, arts centers, and other cultural facilities will also provide benefits to the residents of Palm Beach County as a result of this public investment. Here are a few examples (additional items will be added as they are confirmed):

Norton Museum Art FREE admission during all operating hours to all Palm Beach residents during the time the tax is collected Increased number of children attending EIGHT afterschool sites throughout the county Enhanced programs with the Farm Worker’s Coordinating Council in western communities

Maltz Jupiter Theatre DOUBLE the number of FREE tickets to students (from 4,000-8,000) per year TRIPLE the number of scholarships to students in intensive arts programs (from 240 to 720) per year

Mounts Botanical Gardens TRIPLE the number of title one students attending STEM programs related to engineering in particular (from 1,000 to 3,000)

per year

South Florida Science Museum and Aquarium 20,000 MORE FREE admissions for Title One students attending high tech programming focusing on robotics, 3D printing,

computer coding, maker spaces FREE busing transportation for Title One students

Palm Beach County History Museum FREE admission and FREE bus transportation for 2,500 students per year

Boca Raton Museum of Art FREE admission for all students including college students 10,000 MORE FREE admissions to students per year FREE bus transportation for Title One schools

Morikami Museum and Japanese Gardens 40,000 MORE FREE admission to underserved youth in the “Mori Program” every year

Sol Children’s Theater TRIPLE the number of FREE admission for underserved children (from 1,000 to 4,000) per year

Jupiter Lighthouse and Museum DOUBLE the FREE admission to serve 20,000 school children per year FREE bus transportation for these students DOUBLE the number of youth served per year (from 11,500 to 22,000)

African American Archives FREE/REDUCED admission for 3,000 children in summer “Who Am I” geneology program

March 18, 2016

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L I S T O F S U P P O R T E R S

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Business and Commmunity Leaders

ENDORSEMENTS

COMPLETE Palm Beach County Film Commission

COMPLETE Palm Beach Chapter Florida Restaurant and Lodging AssociationCOMPLETE Northern Palm Beach County Chamber of Commerce

INDIVIDUALSBurt Aaronson Former County CommissionerLeslie Adams Morgan StanleyRoger Amidon Gen Man, PB Marriott Singer Island Beach Resort and SpaAndy Amoroso Proprietor, Studio 205Peg Anderson Community Leader, Boca RatonAlex Anderson Alliance FrancophoneRandall Baker Client Manager, Championship SolutionsJames A. Ballerano, Jr Attorney, Day Pitney/Chapin Ballerano & CheslackEunice Baros, Esq. Eunice Baros Law, LLC Bruce A. Beal Chairman, Related BealThierry Beaud Managing Partner, Titou Hospitality GroupJoAnne Berkow Director, Rosetta StoneBlake Betheil Associate, Broad & CasselVanessa BoltzMichael J. Bracci President, Northern Trust

Bill Branning President, BSA Corporation

Howard Bregman Partner, Fox Rothschild, LLPMarleen Brody

Cressman Bronson Regional President Florida East, PNC BankHoney BryanMichael Budd Sr. Private Banker & Sr. VP, Wells Fargo Private BankChristopher D. Caneles Vice President, Cox Media GroupDonna Carbone The Burt Reynolds Institute for Film & TheatreChristine Carton Retired Medical Research AssociateJulie Clairmont Shide Senior VP, Morgan Stanley Wealth ManagementRick CleggVeronica ClintonRebel Cook Real Estate Broker, President Economic Forum of PBC

Kevin Cooper Sr. VP Morgan Stanley

I am proud to support the collaborative plan for One County, One Plan, One Penny to help our community fund important infrastructure and capital improvements to our County infrastructure, school district properties, municipal infrastructure and cultural facilities. Further, I am in favor of including cultural facilities as described by the proposed criteria because of the need to address capacity constraints at these facilities that resulted from the growth of our population and tourism, the opportunity for a robust return on the investment of public funds, and the increase in educational opportunities for our students.

3/18/2016 Partial List 1

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Business and Commmunity Leaders

John D. Couris President and CEO, Jupiter Medical CenterSandra Coyne Fine Art Appraiser, S Alwin Coyne & AssocJ. Michael Crow Microw Graphics of South Florida, Inc.Cheryl Crowley Founder, ImMEDIAcy Public Relations, Inc.Kathleen Davenport Preferred Orthopedics of the Palm BeachesRobin Dayo President, Cendyn/ArcaneoLawrence F. De George CEO, LPL Investment GroupPamela Dean Sr Vice President | Wealth Advisor, BMO Private Bank

Michele DeverichVP, Analytics & Marketing Innovation, Gehring Group Insurance Services

Dan Dodge Dodge Hospitality Group LLCGregory T. Dubose Bella GroupSusie Dwinell Executive Director, national corporationCharles Eaton MD Executive Director, Dupuytren FoundationJo Ann Engelhardt Bessemer TrustDonald M. Ephraim Attorney, Ephraim & Associates, PCPaul Fisher Director, Paul Fisher GalleryKate FrataliaJack Frost President, Commerce Consulting, Inc.June Gelb Medical Business ConsultantNorma Geller Owner, Fish FurnitureBruce Gendelman Chairman, Bruce Gendelman Insurance ServicesGeorge Gentile President, Gentile, Glas, Halloway, O'Mahoney & Assoc. Inc.Nick Gold Dir of Public Relations, Eau Palm Beach Resort & SpaRichard Goldberg Sir Speedy TequestaRick Gonzalez President, REG Architects Inc.Gordon Gray Founder, Loxahatchee ClubRay Graziotto CEO, Seven Kings HoldingsRoe Green Principle, The Roe Green FoundationPhyllis Green Green Integrated AdvertisingDavid Hammond CEO, CSI International Inc. Dolly and Homer Hand Glades Business PeopleCarrie Hanna Chief Strategy Officer, GunsterTim Harris Realtor, Former President of PBC Board of RealtorsDale R. Hedrick Founder & President, Hedrick Brothers ConstructionDawn HoffmanHerbert S. Hoffman CEO, Hoffman PropertiesStella Holmes President, The Brickellian, Inc.Todd P. Hutchison Partner, Tequesta Insurance AdvisorsSherry L. Hyman Law office of Sherry Hyman, PLCCMichele Jacobs Corporate Dir of Marketing/Operations FL, The Forbes CompanyJoseph Jacobs President, Wexford Capital LPDaniel Jennings The Private Jet CompanySusan Johnson Community LeaderR. Marshall Jones Partner, Jones LoweryKae Jonsons CEO, Hanley Center Foundation

3/18/2016 Partial List 2

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Business and Commmunity Leaders

Art Kamm CEO, Kamm Consulting, Inc.Irene KarpJim Karp Chairman, Mango CapitalAlfred Karram Jr Founder & CEO, AKJ Design ConceptsRick Katz Insurance Executive, RetiredJohn Keever CTO, ILS TechGreg King Principle, G2G MediaRobert S.C. Kirschner President, Passport Publications & Media CorporationKathleen Klein Professor, Palm Beach Atlantic UniversityBerton E. Korman CEO, Korman Residential PropertiesRaymond E. Kramer, III Partner, Beasley Hauser Kramer Leonard & Galardi, PAAndrew Kravit President, Kravit Estate Holdings, LLCGregory Kunzelman President, KDT SolutionsLeanna Landsmann Resident of Jupiter Inlet Colony and Community VolunteerFelix Laughlin Senior Counsel, Caplin & Drysdale CharteredBonnie Lazar Realtor, Keller WilliamsBarbara Lazarus Founder & Designer, Barbara Lazarus DesigndPaul Leone President, The Breakers Palm Beach

David Lester Founder, Next Level FairsLeeAnn Lester Founder, Next Level FairsSyndie Levien Senior Manager, UBS Financial ServicesJon Levinson President, REL Enterprises & former V Mayor, Delray BeachSarah Lott Dir of Marketing, Harbourside PlaceEdwin C. Lunsford, III Partner-Eavenson, Fraser & LundsfordMartin Mallinger Attorney, Landis & Mallinger, P.L.Denise Mariani Owner, Mariani Marketing and EventsSeth Marmor Shapiro, Blasi, Wasserman & Hermann, P.A.Gil Maurer Director and Former COO, HearstSheila McDonald-BellDiane Peterson McNeal V.P., Wilmington Trust, N.A., an M&T CompanyShari Meltzer Founder, New Tack StrategiesAnn Miller Retired PBC EducatorJo Ann Moeller Owner, J.A.R. Moeller LLCAshley Morse Macaroni KidElizabeth Neuhoff President, Neuhoff CommunicationsSuzanne L. Niedland Managing Director, BusEye Films, LLCAngie Niehoff President, Niehoff Marketing AssociatesRonny Nunez Wells Fargo BankBonnie OsherHarvey Oyer Partner, Shutts and BowenBill Parmelee Chief Financial Officer, Oxbow Carbon LLCCheri Pavlik Director of Business Development, Leo Daly ArchitectsMargaret Pearson President, M. Pearson AssociatesLarry Pelton Former CEO, Business Development BoardCharlotte Pelton President, Pelton and Assoc; Imm Past Pres Executive Women

3/18/2016 Partial List 3

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20

Business and Commmunity Leaders

Mark PerlbergJeff Perlman VP CDS International Holdings/former Mayor of Delray Joanne Polin President & Founder, Polin Public RelationsMarlene Pomeranz Sharon Queeney WeintzC. André Rayman, P.S.M. President, Engenuity GroupDr Errol Reese

Susan Resneck Pierce President Emerita, University Puget Sound & President SRP Consulting

Angela Reynolds President, Angela Reynolds DesignsSteve Rockoff Sheehan Realty CorporationBill RoebelKelly RooneyCary Sabol Lake Worth CRA ChairGary Schweikhart Owner, PR-BS, Inc.Nickie Siegel President, NLS Creations, Inc.Ken Spillias Attorney/Former County CommissionerDr. Richard StecklerJackie StecklerSally Still Esq. Ward Damon Posner Pheterson & BleauBob Stiller Founder, Keurig Green MountainChristine StillerDalia P. Stiller Architectural Advisor, Woolbright Development, Inc.Thomas Streit AttorneySteve Tendrich NuVista at Wellington GreenNancy Thompson-JonesLaurie UdineGil Walsh Principal, Gil Walsh InteriorsBarb and Tim Watson Owners, Minuteman Press, JupiterBrian Waxman Founding Partner, AW Property Co. Diana Wilkin Managing Partner, Twelve 24 MediaRonald H. Wisneski Partner, Wisneski, Sears & Associates P.A.Sheryl Wood Attorney, former General Counsel SF Water Man. DistrictVictoria Wood Principal - The MORE GroupDr. Jeanette Wyneken Florida Atlantic UniversityCiCi Zahringer

3/18/2016 Partial List 4