HomeMy WebLinkAbout2020-05-06; Carlsbad Golf Lodging Business Improvement District; Resolution 2020-63GDocuSign Envelope ID: 0D6A3427-5AEB-4EF1-B676-29E7DC21A817
RESOLUTION NO. 2020-63G
RESOLUTION OF THE BOARD OF DIRECTORS OF THE CARLSBAD GOLF
LODGING BUSINESS IMPROVEMENT DISTRICT (CGLBID), APPROVING THE
ANNUAL REPORT
WHEREAS, the CGLBID was formed in accordance with California Government Code Parking and
Business Improvement Area Law of 1989 (Sections 36500, et. Seq. of the Streets and Highways Code),
and
WHEREAS, section 36533 of the Code requires the CGLBID Advisory Board to present an annual
report to the City Council for their review and approval for each fiscal year for which assessments are
to be levied and collected to pay the cost of the improvements and activities described in the report;
and
WHEREAS, an Annual Report has been prepared for the 2020-21 fiscal year; and
WHEREAS, the Board of Directors of the Carlsbad Golf Lodging Business Improvement District
wishes to approve the Annual Report; and
WHEREAS, the Board of Directors of the Carlsbad Golf Lodging Business Improvement District
wishes to submit the report to the City Council for approval; and
NOW, THEREFORE, BE IT RESOLVED by the Board of Directors of the Carlsbad Golf Lodging
Business Improvement District, as follows:
1. That the above recitations are true and correct.
2. The Annual Report shown at Exhibit A is approved in its entirety by the BBoard of Directors
of the Carlsbad Golf Lodging Business Improvement District.
3. That the Annual Report of the Carlsbad Golf Ledging Business Improvement District will be
presented the City Council for their approval at a June 2020 meeting.
PASSED, APPROVED, AND ADOPTED at a regular meeting of the Board of Directors of the
Carlsbad Golf Lodging District on the 6th day of May 2020, by the following vote to wit:
AYES: Stripe, Hughes, Stull, Gray, Rauch
NAYS: None.
ABSENT: None.
ABSTAIN: None.
DocuSign Envelope ID: 0D6A3427-5AEB-4EF1-B676-29E7DC21A817
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Tim Stripe
Chair
ATTEST:
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BARBARA ENGLESON
Pro Tern Clerk of the
Carlsbad Golf Lodging Business Improvement District
ATTACHMENT A
Carlsbad Golf Lodging Business Improvement District (CGLBID)
2020-2021 Report
Method of Assessment: The CGLBID includes all hotel businesses in the City of Carlsbad that have
elected to participate in the district. The assessment shall be levied on all hotel businesses, that
have elected to participate in the district, within the City of Carlsbad based upon a flat fee of $2.00
per occupied room per night for all transient occupancies as defined in section 3.12.020(7) of the
Carlsbad Municipal Code. The amount of assessment shall be separately stated from the amount
of the rent and other taxes charged, and each transient shall receive a receipt for payment from
the operator. The assessment will be remitted monthly, based on $2.00 per occupied room per
night in revenues for the previous month.
Assessment Funding Purpose: The proceeds of the CGLBID assessment shall be spent to promote
golf-related tourism within the boundaries of the CGLBID, as well as marketing related capital
improvements such as golf-related signage, golf related equipment and to pay for related
administrative costs.
2019-20 Work Plan: The CGLBID was established in January 1, 2013. For the initial period the
district, Fiscal Year 2012-2013 (1/1/13-6/30/13) and the next fiscal year 2013-14, three hotels;
the Sheraton Carlsbad, the Park Hyatt Aviara and the Grand Pacific Palisades Hotel, opted into the
district. In 2014-15 the Carlsbad by the Sea Resort opted into the district, in 2017-18 Omni La
Costa Resort opted into the district, and in 2018-19 the Westin Carlsbad Resort opted into the
district. These six hotels are expected to collect a total of $550,000 in CGLBID Assessments in
Fiscal Year 2019-20. Each assessed business determines how to spend the funds collected by their
respective property provided the expenditures are for an approved golf related expense.
Reimbursement of these expenses are made quarterly upon approval from the advisory board up
to the amount collected per property minus administrative fees. The administrative fees pay for
the collection of assessments and administration of the district. Monies not spent by the end of
the fiscal year will carry forward to the next fiscal year.
For Fiscal Year 2020-21, the district will have eight hotels. It is estimated that these eight hotels
will collect a total of $500,000 in CGLBID assessments. Based on this revenue estimate, the
budgeted amount for reimbursement to the hotels is $500,000. This amount plus any carry
forwards from the previous fiscal year will be available to the assessed hotels for reimbursement.
Administrative fees for Fiscal Year 2020-21 are budgeted at $20,000, which is 4% of the revenues.
Detail of the 2020-21 budget is shown on the following page.
2020-21 CGLBID Budget
Program Areas Description
2016-17
Actuals
2017-18
Actuals
2018-19
Actuals
2019-20
Budget
Actuals as of
4/30/2020
Projected
2019-20 Actuals
Recommended
2020-21 Budget
Carryover Fund Balance $169,707 $136,587 $344,804 $291,861 291,861 291,861 185,979
Revenues:
CGLBID Assessment * $2 per room night 428,949 681,703 719,740 733,000 494,961 550,000 500,000
Interest Earnings 786 -805 11,142 2,127 2,500 0
Total Estimated Revenues 429,735 680,898 730,882 733,000 497,088 552,500 500,000
Expenditures:
2% Admin. Fee - City For collection of CGLBID assessment and accounting
for CGLBID - 2% of CGLBID assessment revenue 8,579 13,633 14,394 14,500 8,733 11,000 10,000
Reimbursement to member hotels for golf related Reimbursements expenditures 445,516 451,341 761,651 704,000 641,382 641,382 500,000
Staff su
Staff support to the CGLBID - 2% of CGLBID pport assessment revenue 8,759 7,707 7,780 14,500 5,015 6,000 10,000
Total Expenses 462,854 472,681 783,825 733,000 655,130 658,382 520,000
Ending Fund Balance Contingency for Revenue shortfall $136,587 $344,804 $291,861 $291,861 $133,819 185,979 ' 165,979
Member Hotels opting into the District:
* FY2014-15 - Sheraton Carlsbad, Park Hyatt Aviara, Grand Pacific Palisades, and Carlsbad by the Sea Resort.
* FY2017-18 - Omni La Costa Resort.
* FY2018-19 - Westin Carlsbad Resort.
" FY2020-21 - Hilton Garden Inn, and Cape Rey Beach Hilton Resort.