Aurora Metropolitan Exposition Auditorium And Office Bldg Auth

The board discussed a proposal regarding a retention compensation bonus for staff members who had been working with reduced pay since the beginning of the pandemic. Additionally, the board voted to keep the session records confidential.

The board discussed deficiencies regarding CEO compensation, noting that the last bonus was awarded in 2018. It was determined that a third-party compensation study will be requested from Sikich for review.

The board discussed candidates for the Chief Development Officer position, identified two finalists, and deliberated on the compensation package for this new role. Additionally, the board authorized staff to initiate background and reference checks on the final candidates.

The board engaged in a discussion regarding CEO compensation. No further action was taken, and the board moved to exit the executive session.

The board meeting focused on financial reporting, Gala updates, and new business items. Key financial discussions included the November results showing an $8K deficit compared to budget due to vacation payouts, and profits from the Christkindl Market and comedy shows. The annual audit commenced this week. Updates on the Gala indicated the Jerry Seinfeld benefit performance was sold out with a profit of approximately $150K, despite minor disruption attempts by protesters. The search for a new Chief Development Officer is resuming following the departure of the previous candidate, and the team is following up on Gala donors. In new business, the board discussed the potential institution of a ticket tax by the City Council, ultimately voting to increase the existing Historic Preservation Fee by $1 for 2026 and another $1 for 2027, with a letter to City Council to be drafted. Programming updates noted the success of the 'White Christmas' production, which generated 84,558 ticket sales and showed high patron satisfaction ratings. A request was made to schedule a meeting to discuss activation ideas for RiverEdge Park during weekdays.