Professional Documents
Culture Documents
11-Memo Style17pdf
11-Memo Style17pdf
Dear John:
Thank you for your emails. Yes, we can prepare the guaranty agreement. Could you kindly
provide the legal names and address for yourself and your wife so that our legal counsel may
prepare the guaranty document? There are other agreements we will have prepared for signature
by the Freedom Center to be signed concurrently with the guaranty, assuming Commission
approval.
As conveyed last week, at this time we are awaiting the monthly cash flow projection from the
Freedom Center, from now through projected federalization and into positive cash flow. I
appreciate your assurances that the cash flow projection is forthcoming. Tony Capaci from
our office has been in conversation with Ben Reece about the cash flow for several weeks.
The cash flow projection may illustrate that, even if the Commission approves release of the
funds requested by the Freedom Center, there may be insufficient cash flow for the facility
to remain in operation until federalization. We would then need a plan from the Freedom
Center, approved by the Freedom Center board, detailing how the Freedom Center will remain a
going concern.
We are still aiming for the February 8 Commission meeting, but achieving this date is
dependent upon completion of our analysis and corresponding staff report, for which we await
information from the Freedom Center.
Thank you for your assistance.
Kathy
Kathleen M. Fox, FASLA
Executive Director
Ohio Cultural Facilities Commission
100 E. Broad Street, Suite 300
Columbus, OH 43215-3661
Vox: 614.752.2770
Fax: 614-752-2775
e-mail: kfox@culture.ohio.gov
kfox@post.harvard.edu
Building Culture in Ohio's Communities: The Ohio Cultural Facilities Commission, formerly the Ohio Arts & Sports Facilities Commission, oversees
capital improvement funds appropriated by the Ohio General Assembly and Governor for community cultural facility projects including non-profit
theaters, museums, historical sites and publicly owned professional sports venues. You are invited to visit www.culture.ohio.gov or call (614) 752-2770
for more information on the Commission or to learn how we can assist your cultural facility project.
From: jepepjr@aol.com [mailto:jepepjr@aol.com]
Sent: Monday, November 29, 2010 7:37 AM
To: Kathy Fox
Cc: dmurphy@nurfc.org; BReece@nurfc.org; robinson.ka@pg.com
Subject: Freedom Center and Pepper
Kathy,
1
In the flurry of e-mails and teh Thanksgiving holiday, I wanted to be sure I had been clear that I would ask you to prepare
the formal papers I will need to sign to release the funds now being held.
I can assure you that Ben Reece has been and is working non-stop to provide the information that you have requested.
John