Bass Pro Outdoor World's Investment in Wood County - Presented by Jim Carter, President Wood County Commissioners May 31, 2013

Bass Pro Outdoor World’s
Investment in Wood County

                     Presented by Jim Carter, President
                     Wood County Commissioners
                     May 31, 2013

How we got from there to here

      The first visit by Bass Pro Outdoor World
       management to view property in Wood
       County took place in April 1995.

      Bass Pro Shops opens it’s 50th store in
       Rossford in June 2008 – It’s “Golden Store”.

1995     1997    2003     2004    2006   2007      2008

Bass Pro-NW Ohio Team Members
    Randy Gardner, State Senator                         Sean McMahon, V.P., Danberry National
    Bob Latta, State Representative                      Wade Gottschalk, Associate Director, WCEDC
    Jim Carter, Wood County Commissioner                 Phil Rudolph Jr., Board President WCEDC
    Bill Verbosky, Rossford Mayor                        Todd Audet, District Manager - ODOT
    Tom Blaha, Executive Director, WCEDC                 Chris Johnson, V.P., 5/3 Financial Services
    Steve Gray, Chief - Division of Wildlife ODNR        Mike Scott, Chairman, Port Authority
    John Daugherty, Division of Wildlife ODNR            Rex Huffman, General Counsel, Port Authority
    Brian McMahon, President, Danberry National

                                                                   Division of Wildlife
                     Rossford Perrysburg Township Port Authority

                     Public/Private Partnership
1997 & 2003 – Six Team Members traveled to Bass Pro Headquarters in Missouri

Agenda from Initial Visit with Bass Pro

       Bass Pro
           Current Locations & Mission Statement
       LOCATION,   LOCATION, LOCATION!
           Multi State Demographics
           Crossroads of America
       Ease of Construction
       Future Needs
       Public/Private Partnership
       Course of Action

2006 – Bass Pro COO visited Wood County for presentation of “the project”

Crossroads of America

   Where the longest East/West Interstate
    Highway (80/90) crosses the longest
    North/South Interstate Highway (75).

   Now that’s a Crossroad!

   Easy off/Easy on access from I-80/90, I-75,
    SR 795 and US 20

3.8 million U.S.

Crossroads of America

               Population Map

13.4 Million

Crossroads of America

               Population Map

30.9 Million

Site Features
   Located at the
    intersection of Interstate
    I-75 & Interstate I-80/90
   Bounded on the North
    by State Route 795, on
    the South by State
    Route 20
   Features 200+ acres
   All utilities—Sanitary,
    Storm, Water—
    available and sized to
    accommodate 1000+
    acres of development
   Large Retail tenant
    component currently in
    place, including: Target,
    Meier, Home Depot,
    Lowe’s, Kohl’s, K-Mart,
    Kroger, and Giant Eagle

Traffic Counts & Volum es

Daily Traffic Counts at the         Daily Traffic Counts for State R oute
intersection of I nterstate I -75   20 & State R oute 795
& I nterstate I -80/ 90

Ease of Construction
   Infrastructure is already in place
       Roads
       Utilities
       City Services
   Zoning
   Ordinances
   Inspectors
       County and State Building Inspections are done out of the
        same Wood County office
   Abundance of qualified skilled labor in construction
    trades.

Future Needs

   Ample room for additional hotels, restaurants
    and other attractions.

   Great location for Distribution Center and or
    manufacturing facilities.

“We appreciate your help in introducing
  Walgreens to this outstanding community…
…you introduced Walgreens to an absolutely
  remarkable and committed series of township
  and county workgroups and commissions.”

Thomas Bergseth, AIA, Divisional Vice Pres.

Public/Private Partnership
                  Rossford/Perrysburg Township Port Authority

Perform as a conduit for financing projects just like yours!

Recently completed $20 million financing for new O-I World Headquarters in
   Perrysburg, Ohio

Able to pull multiple financing options under one umbrella
State, County, & Local

Various Strategies
Capital Lease Off Balance Sheet (Operating Lease/Synthetic Lease)

Various Methods
State Bonds and Programs Port Authority Bonds Infrastructure

Provides upfront sales tax savings on all construction materials used in the facility

A $50M Project could generate over $1.5M in direct savings to Bass Pro

Public/Private Partnership
                Tax Incremental Financing (TIF)

   Current Legislation allows real property tax to pay for site
                    specific “public” improvements
Such as:
 Streets, curbs, gutters
 Sidewalks, walkways, trails
 Street lighting, traffic signals

  Increases in real property tax can be utilized to pay for public
                           improvements
Such as:
 Signage
 Storm drainage, water and sanitary sewer improvements
 Parking facilities

Recap of Benefits of this Site

    Location, Location, Location
        Direct visibility to almost 50 MILLION travelers per year
      Bass Pro is the centerpiece to the area
    Division of Wildlife Partnership
        Infrastructure investment of over $1 MILLION
    Multi-State area with demand for your products
        Access to over 17.5 MILLION sportsmen
    Tailored Financing Options
    Dedicated team of State, County, Local Leaders
     and Professionals

State Legislation: Impact Facility
Sec. 333.01. As used in this chapter:
(A) "County sales and use tax" means the tax levied by a county under division (A) of section 5739.021 or division (A) of section 5741.021 of the
        Revised Code that is returned or distributed to the county under section 5739.21 or 5741.03 of the Revised Code.
(B) "Impact facility" means a permanent structure, including all interior or exterior square footage used for educational or exhibition activities,
        that meets all of the following criteria:
(1) It is used for the sale of tangible personal property or services;
(2) At least ten per cent of the facility's total square footage is dedicated to educational or exhibition activities;
(3) At least fifty million dollars is invested in land, buildings, infrastructure, and equipment for the facility at the site of the facility over a period of
        not more than two years;
(4) An annualized average of at least one hundred fifty new full-time equivalent positions will be created and maintained at the facility;
(5) More than fifty per cent of the visitors to the facility are reasonably anticipated to live at least one hundred miles from the facility.
(C) "Qualifying investment" means a person's investment in land, buildings, infrastructure, and equipment for creating an impact facility.
(D) "Full-time equivalent positions" means the total number of hours worked at a facility in a work week, divided by forty hours per week.
Sec. 333.02. Before December 1, 2006, a board of county commissioners of a county that levies a county sales and use tax may enter into an
        agreement with any person that proposes to construct an impact facility in the county to provide payments to that person of up to seventy-
        five per cent of the county sales and use tax collected on each retail sale made by that person at the facility, for a term of up to ten years,
        or until the person's qualifying investment in the impact facility has been realized through the payments, whichever occurs first.
Sec. 333.03. (A) A person seeking to enter into an agreement and obtain payments under section 333.02 of the Revised Code shall provide
        both of the following to the board of county commissioners:
(1) A certification by the person's chief financial officer, or the equivalent if that position does not exist, that the criteria listed in division (B) of
        section 333.01 of the Revised Code will be met; and
(2) An application on a form or in a format acceptable to the board that describes the proposed impact facility, including the projected level of
        investment in and new jobs to be created at the facility, the rationale used for determining that more than fifty per cent of the facility's
        visitors live at least one hundred miles from the facility, the types of activities to be conducted at the facility, the projected levels of sales to
        occur at the facility, a calculation of the facility's square footage that will be dedicated to educational or exhibition activities, and any other
        information the board of county commissioners reasonably requests about the expected operations of the facility.
(B) The board of county commissioners shall request the director of development to certify that the proposed facility meets the criteria for an
        impact facility listed in division (B) of section 333.01 of the Revised Code. The board of county commissioners may, but need not, make
        findings of fact that a proposed facility meets the criteria for an impact facility listed in division (B) of section 333.01 of the Revised Code
        before or after requesting the certification. If the director of development certifies a proposed facility as an impact facility under this
        section, and if the board makes such findings, the findings and certification are conclusive and not subject to reopening at any time.

2006 – Passage of state enabling legislation sponsored by Rep. Latta and Sen. Gardner

2006 – Bass Pro applies for designation as “Impact Facility”/Commissioners

2007 – Bass Pro Breaks Ground on 150,000 square foot facility

2008 – Construction underway

2008 – Ribbon Cutting June 2008

2013 – Bass Pro Shops entering it’s 5th year in Wood County