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CABARRUS COUNTY TOURISM AUTHORITY 26- 2726341 <br />Schedule L Form 990 or 990 -EZ 2010 Pacie 2 <br />tir11 Business Transactions Involving Interested Persons. <br />.. _.........._... Ilnm..loto if+ho <br />r —+i.,., rc,-1 "Voo" nn Gnrm 000 Pori I \/ lino 9R. 9Rh nr 9Rrt <br />(a) Name of interested person <br />(b) Relationship between interested <br />person and the organization <br />(c) Amount of <br />transaction <br />(d) Description of <br />transaction <br />(e) Sharing of <br />organization's <br />revenues? <br />Yes <br />No <br />FRANK LAPSLEY <br />MEMBER OF BOARD & G <br />100,000. <br />ABARRUS AR <br />X <br />DAN FARRELL <br />MEMBER OF BOARD & S <br />540,634. <br />HE ORGANIZ <br />X <br />PHIL CUNNINGHAM <br />MEMBER OF BOARD & G <br />150,000. <br />HE ORGANIZ <br />X <br />3Ytf Supplemental Information <br />Complete this part to provide additional information for responses to questions on Schedule L (see instructions). <br />SCH L, PART IV, BUSINESS TRANSACTIONS INVOLVING INTERESTED PE RSONS: <br />A) NAME OF PERSON: FRANK LAPSLEY <br />B) RELATIONSHIP BETWEEN INTERESTED PERSON AND ORGANIZATION: <br />MEMBER OF BOARD & GENERAL MANAGER — CABARRUS ARENA & EVENTS CTR <br />(C) AMOUNT OF TRANSACTION $ 100,000. <br />(D) DESCRIPTION OF TRANSACTION: CABARRUS ARENA & EVENTS CENTER RECEIVES <br />A YEARLY SUBSIDY OF $100,000 FROM THE CABARRUS COUNTY TOURISM AUTHORITY. <br />(E) SHARING OF ORGANIZATION REVENUES? = NO <br />(A) NAME OF PERSON: DAN FARRELL <br />(B) RELATIONSHIP BETWEEN INTERESTED PERSON AND ORGANIZATION: <br />MEMBER OF BOARD & SR. VP SALES — CHARLOTTE MOTOR SPEEDWAY <br />(C) AMOUNT OF TRANSACTION $ 540,634. <br />(D) DESCRIPTION OF TRANSACTION: THE ORGANIZATION HAS A MARKETING <br />AGREEMENT WITH CHARLOTTE MOTOR SPEEDWAY AND THE ORGANIZATION PAID <br />CHARLOTTE MOTOR SPEEDWAY $540,634 DURING THE YEAR ENDED JUNE 30, 2011. <br />(E) SHARING OF ORGANIZATION REVENUES? = NO <br />A) NAME OF PERSON: PHIL CUNNINGHAM <br />(B) RELATIONSHIP BETWEEN INTERESTED PERSON AND ORGANIZATION: <br />Schedule L (Form 990 or 990 -EZ) 2010 <br />032132 <br />12 -21 -10 <br />19 Attachment number 1 <br />1 -5 Page 362 <br />