Agenda - 1-27-14 Emerg. Called Meeting

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S Favorable Factors • Despite the challenges previously mentioned, many believe the community can still raise a significant amount of dollars with some refinements and adjustments to the DRAFT plan and by "getting the ball rolling" on a capital campaign. There is a realization by many that there may not be another opportunity for years to come to help Lee County grow its economy if focused, decisive action is not taken as the nation and the region come out of the long recession. • Central Carolina Community College (CCCC) continuing to play a key role in workforce development and preparedness. CONVERGENT RECOMMENDATIONS The Convergent management team conducted an extensive analysis of the projected pledge estimates indicated by those interviewed during the Opportunity Analysis process. In this process, Convergent analyzed interview results and applied historical trend data from years of completed campaigns to produce a realistically feasible and prudent campaign goal. Expert subjective input from the Convergent project team, including Rick Kiernan, Bob Johnson and Paul Santiago, was also incorporated to further calibrate the objective analysis and assess likely campaign outcomes. Based on this process and our experience with other similar fundraising campaigns, Convergent would normally recommend adopting a preliminary funding goal range of $750,000 to $900,000 over five years. The challenge here is trying to gauge the impact of key investors' unwillingness to commit with the existing incentive policy in place, for their decision will have a disproportionate impact on others. The difference in financial indications attributed to the incentive policy is $212,500 on the low end and $287,500 on the high end, an average of $250,000. We believe the negative impact could be the same or more, while the positive impact could be 50% or more. That indicates a campaign potential of $500,000 on the low end and $1,025,000 on the high end. + 33