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HomeMy WebLinkAbout2014-05-22; Carlsbad Golf Lodging Business Improvement District; 05-14-13; Approve Annual Report of CGLBIDCARLSBAD GOLF LODGING BUSINESS IMPROVEMENT DISTRICT AGENDA BILL AB# MTG. 05-14-13 5-14-14 Approve the Annual Report ofthe Carlsbad Golf Lodging Business Improvement District CTBID STAFF GENERAL COUNSEL 6k. RECOMMENDED ACTION: Adopt Resolution No. 2014-4G approving the Annual Report ofthe Carlsbad Golf Lodging Business Improvement District (CGLBID) and submit the report to the City Council for approval at a June 2014 meeting. ITEM EXPLANATION: In accordance with Section 36533 ofthe California Streets and Highways Code, the CGLBID Advisory Board is required to present an annual report for City Council's review and approval for each fiscal year for which assessments are to be levied and collected to pay the costs for the improvements and activities described in the report. This report is to contain: • Any proposed changes to the boundaries of the CGLBID. • The activities to be provided for that fiscal year. • Estimate of the cost of providing those activities (ie budget) • The method and basis of levying the assessment. • The amount of any surplus or deficiency revenues to be carried over from the previous year. • The amount of any other contributions Staff has prepared the attached report (included as an attachment to Exhibit 1) which is includes the above items. Staff recommends that the Board approve the attached report for presentation to the City Council. FISCAL IMPACT: None. ENVIRONMENTAL IMPACT: This action does not qualify as a project under the California Environment Quality Act ("CEQA") and will not have a physical adverse effect on the environment. (CEQA Regulation 15378(b). EXHIBITS: 1. Resolution No. 2014-4G, Approve Annual Report DEPARTMENT CONTACT: Cheryl Gerhardt, 760-602-2753, chervl.aerhardt (Sjcarlsbadca.gov 12 13 14 15 16 17 18 22 23 24 25 26 27 28 EXHIBIT 1 1 RESOLUTION NO. 2014-4G 2 A RESOLUTION OF THE BOARD OF DIRECTORS OF THE ADVISORY BOARD OF THE CARLSBAD GOLF LODGING BUSINESS 3 IMPROVEMENT DISTRICT (CGLBID) OF THE CITY OF CARLSBAD, 4 CALIFORNIA, TO APPROVE THE ANNUAL REPORT 5 WHEREAS, the CGLBID was formed in accordance with the California 6 y Government Code Parking and Business Improvement Area Law of 1989 (Sections 8 36500, et. Seq. of the Streets and Highways Code), and 9 WHEREAS, Section 36533 of the Code requires the CGLBID Advisory 10 Board to present an annual report to the City Council's for their review and approval for ^ ^ each fiscal year for which assessments are to be levied and collected to pay the cost for the improvements and activities described in the report; and WHEREAS, an Annual Report has been prepared for the 2014-15 fiscal year, and WHEREAS, the Board of Directors of the Carisbad Golf Logding Business Improvement District wishes to approve the Annual Report; and WHEREAS, the Board of Directors of the Carisbad Golf Lodging Business 19 . Improvement District wishes to submit the report to the City Council for approval; and 20 NOW, THEREFORE, BE IT RESOLVED by the Board of Directors of the 21 Carisbad Golf Lodging Business Improvement District of the City of Carisbad, California, as follows: 1. That the above recitations are true and correct. 2. That the Annual Report shown at Exhibit A is approved in its entirety by the Board of Directors of the Carisbad Golf Lodging Business Improvement District. 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 3. That the approved Annual Report ofthe Carisbad Golf Lodging Business Improvement District will be presented to the City Council for their approval at a June 2014 meeting. PASSED, APPROVED AND ADOPTED at a regular meeting of the Board of Directors of the Carisbad Golf Lodging Business Improvement District of the City of Carlsbad held on the 22nd day of May , 2014 by the following vote, to wit: AYES: Board Members Glaser, Allen. NOES: None. ABSENT: Board Member Stripe. GARY GU\SER, Chair ATTEST: BARBARA EI^LESON Pro Tem Clerk of the Carisbad Golf Lodging Business Improvement District /// -2- EXHIBIT A Carlsbad Golf Lodging Business Improvement District (CGLBID) Annual Report 2014-2015 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 Carisbad 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. 2014-15 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 hotel's opted into the district. Those three hotels; the Sheraton Carisbad, the Park Hyatt Aviara and the Grand Pacific Palisades Hotel, are expected to collect a total of $350,000 in CGLBID Assessments in Fiscal Year 2013-14. 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 fonward to the next fiscal year. For Fiscal Year 2014-15, one additional hotel has elected to participate in the district, Carlsbad by the Sea Resort. The district will now be comprised of four hotels. It is estimated that these four hotels will collect a total of $420,000 in CGLBID assessments. Based on this revenue estimate, the budgeted amount for reimbursement to the hotels is $403,200. 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 2014-15 are budgeted at $16,800, which is 4% of the revenues. 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