Capital Campaign. WPZS shall use its best efforts to make reasonable progress toward implementation of the Long-Range Plan through the term of this Agreement and any extensions thereto.
Capital Campaign. The Trust will engage in a diligent capital campaign to support the continued maintenance and upkeep of the Property.
Capital Campaign. “Capital Campaign” shall refer to the Parties’ private fundraising more particularly described in section 3.7(j).
Capital Campaign. Operator, in conjunction with the City, shall conduct a Capital Campaign for the Theatre design, development, construction, and furnishing, which will include at least two million dollars ($2,000,000) net after fundraising expenses from private fundraising to be done with the cooperation of the Parties and utilizing Operator’s non-profit status.
Capital Campaign. City obligation to contribute funding beyond the day prior to closing on the first City-obligated debt is contingent on:
(i) satisfactory projection of the ability of the Operator, with assistance and support from the City, to raise a minimum of $2,000,000 (two million dollars) net after fundraising expenses in contributions and pledges. The Parties agree to cooperate in an effort to secure an underwriting guaranty for the Capital Campaign. Pledges must be obtained within twelve (12) months of Capital Campaign kickoff, said kickoff to be no later than sixty (60) days after the Effective Date;
(ii) a final construction contract, in accordance with this Agreement, being within agreed hard cap of cost. The proposed hard cap on construction cost is $10 million dollars ($10,000,000); and
(iii) either of the following be satisfied:
(A) City, at its expense, shall use its commercially reasonable efforts within five (5) days following the date of this Agreement to procure a loan or other sources of financing. If by May 01, 2018, the City has not been able to obtain a commitment for such financing, the City may elect to waive this contingency or terminate this Agreement by giving all Parties written notice of termination; or
(B) a minimum level of $7,750,000 of tax credits approved for the Theatre from any or all of state historic mill renovation credits, federal historic property renovation tax credits, and New Market Tax Credits.
Capital Campaign. The Capital Campaign shall be independent of Operations Year 1 and shall start on or about April 1, 2018. Expenses related to the Capital Campaign may be netted against and recovered by the City from the proceeds of the Capital Campaign.
Capital Campaign. The University will launch a fundraising capital campaign to raise sufficient funds to purchase the Lease-Purchase Space from DDMG pursuant to the Lease-Purchase Agreement.
Capital Campaign. The Borrower’s capital campaign to raise funds for
Capital Campaign. Contractor’s team will plan, organize, and implement the entire campaign process, assigning a full-time campaign director onsite every week and providing supplemental support from other specialists. This will minimize the burden on the county’s staff by managing the day-to-day details of the campaign. This will also minimize the burden on county’s board members and campaign leaders as Contractor staff will attend each solicitation, make a professional presentation, and make the “ask.” Finally, the Contractor will utilize the Investment-Driven Model™ to maximize funding by demonstrating the value and impact of county programs to prospective investors. Contractor will implement and complete all of the following action steps by the times indicated:
I. Quiet Phase - to be completed within four (4) months approval of the Feasibility Plan.
1. Refine and finalize six-month action plan (i.e., campaign plan, timelines, and logistical and operational protocol, etc.).
2. Determine naming opportunities and levels for campaign.
3. Provide detailed return on investment (ROI) analysis for new projects/programs.
4. Develop detailed case statement providing a rationale for investment.
5. Assist the County in creating campaign collateral materials to be produced by the County.
6. Establish a campaign marketing plan.
7. Develop and launch an e-communications program.
8. Research, identify and evaluate prospects.
9. Enlist a team of volunteer campaign leaders
10. Prepare and present customized investment proposals to the top few dozen prospects with strategic help from campaign leaders.
11. Secure at least 50% of goal in multi-year pledge commitments.
II. Public Phase - to be completed within six (6) months after County approval of the Feasibility Plan.
1. Transition the campaign from quiet phase to public phase via press releases, social media, email, etc.
2. Conduct an additional 50-75+ in-person solicitations with minor volunteer participation.
3. Follow-up to secure and document pledge decisions.
4. Track all campaign pledges in a customized database.
5. Mail thank you notes summarizing pledge details to all investors. 6. Prepare a cash flow statement based on pledge commitments.
Capital Campaign. Contractor’s Full-Time comprehensive management fee shall be $29,166 per month for six months, which amount includes all travel, per diem and other expenses. The total amount shall not exceed: $175,000.00. The Full-Time Management includes a project director, assigned solely to the County’s project, who manages the day-to-day activities of the fundraising efforts from start to finish. He/she is assigned to this project, and no other. Other members of the Contractor team will be involved in specialized supplemental roles throughout the engagement. At any given time during Phase 2, the County reserves the right to modify Contractor’s services to Half- Time Management (approximately two business weeks per month) for a flat management fee of $18,750.00 per month, which amount includes all travel, per diem and other expenses. The Parties, acting through their respective Project Managers, will then mutually agree to revise the services to be provided under this Contract by Contractor to reflect half-time management. The County Project Manager may, at his or her sole discretion, revise, in writing, the Not to Exceed Amount on Phase 2 for each monthly deliverable; provided, however that the total of payments for Phase 1 and 2 shall not exceed the Maximum Amount to Include all Deliverables.
