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HomeMy WebLinkAbout2016-05-25; Carlsbad Golf Lodging Business Improvement District; ; Approve reimbursement requests Carlsbad Golf Lodging Business Improvement DistrictAB# 05-16-25 MTG. 5-25-16 CARLSBAD GOLF LODGING BUSINESS IMPROVEMENT DISTRICT AGENDA BILL Approve Reimbursement Requests CGLBID STAFF Carlsbad Golf Lodging Business GENERAL Improvement District (CGLBID) COUNSEL RECOMMENDED ACTION: (1~ Adopt Resolution No. 2016-4G approving the Reimbursement Requests from the Sheraton Carlsbad and the Grand Pacific Palisades Hotel of approved golf related expenses and authorizing staff to process the payment. ITEM EXPLANATION: At its November 27, 2012 meeting, the Carlsbad City Council adopted ordinance No.CS-194 forming the Carlsbad Golf Lodging Business Improvement District (CGLBID). Hotels (as that term is defined in Carlsbad Municipal Code § 3.12.020(1)) that choose to opt in and be a part of this district are assessed $2 per occupied room night which is remitted to the city monthly through the current Transient Occupancy Tax collection process. The proceeds of the additional hotel business assessment shall be used 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 the related administrative costs. Each assessed hotel would determine how to spend the funds collected by their respective property provided the expenditures are for an approved golf related expense. Reimbursement of these expenses would be made quarterly upon approval by the CGLBID Board up to the amount collected per property minus administrative fees. At its April 17, 2013 meeting, the CGLBID Board approved a process for reimbursement. Based on this process, staff has reviewed reimbursement requests submitted by the Sheraton Carlsbad, Grand Pacific Palisades Hotel and is recommending the board approve the attached Resolution approving the reimbursement requests and authorizing staff to process the payment for the expenses up to the amount collected minus the 4% administration fees. Attached at Exhibit A is a summary of CGLBID Assessments collections and a summary of Requests for Reimbursement. FISCAL IMPACT: As of April 31, 2016 CGLBID Assessment revenue was $1,289,215. Reimbursement requests from the Sheraton Carlsbad were $14,528 of which $14,528 is available and is being recommended for payment. Reimbursement requests from the Grand Pacific Palisades were $4,915 of which $4,915 is available and is being recommended for payment. ENVIRONMENTAL IMPACT: This action does not approve any projects that will have a physical adverse affect on the environment so it falls within the general rule under CEQA that this is not a project (CEQA Regulation 15378 (b)). EXHIBITS: 1. Resolution No. 2016-4G approving the Reimbursement Requests from the Sheraton Carlsbad and the Grand Pacific Palisades Hotel of approved golf related expenses and authorizing staff to process the payment. A. Summary of CGLBID Assessment collections and summary of Requests for Reimbursement DEPARTMENT CONTACT: Cheryl Gerhardt, 760-602-2753, cheryl.gerhardt carlsbadca.gov 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 RESOLUTION NO. 2016-4G RESOLUTION OF THE BOARD OF DIRECTORS OF THE CARLSBAD GOLF LODGING BUSINESS IMPROVEMENT DISTRICT, APPROVING REIMBURSEMENT REQUESTS EXHIBIT 1 WHEREAS, at its November 27,2012 meeting, the Carlsbad City Council adopted Ordinance No. CS-194 forming the Carlsbad Golf Lodging Business Improvement District (CGLBID); and WHEREAS, members of the district are assessed $2 per occupied room night which is remitted to the city monthly through the current Transient Occupancy Tax collection process; and WHEREAS, the proceeds of the additional assessment shall be used to promote golf related tourism within the boundaries of the district; and WHEREAS, each assessed hotel would determine how to spend the funds collected by their respective property provided the expenditure are for an approved golf related expense; and WHEREAS, reimbursement of these expenses would be made quarterly upon approval of the CGLBID Board up to the amount collected per property minus administrative fees per the reimbursement process; and WHEREAS, staff has reviewed the reimbursement requests shown at Exhibit A and is recommending the Board approve these reimbursements and authorize staff to pay the requests up to the amount available. 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 CGLBID Board approves the May 25 reimbursement requests shown at Exhibit A and authorizes staff to pay the following amounts to the following hotels: Sheraton Carlsbad Grand Pacific Palisades Hotel $14,528 $4,915 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 of the Carlsbad Golf Lodging Business Improvement District will be presented to the City Council for their approval at a June 2016 meeting. PASSED, APPROVED AND ADOPTED at a regular meeting of the Board of Directors of the Carlsbad Golf Lodging Business Improvement District of the City of Carlsbad held on the ---'1=2=th.:..___ day of ____ J_u_l..._y ______ , 2016 by the following vote, to wit: AYES: Samietz, Stripe. NOES: None. ABSENT: Onizuka. TIM STRIPE, Chai ATIEST: ~~~~·~ ~~ BARBARA ENGLES Pro Tern Clerk of the Carlsbad Golf Lodging Business Improvement District Ill -2- Summary of CGLBID Assessment Collections Less 4% Available Total Admin Deposits Property Deposits Fee (A) Grand Pacific Palisades Hotel 170,067 6,803 163,264 Park Hyatt Aviara 507,526 20,301 487,225 Sheraton Carlsbad Resort 477,706 19,108 458,598 Carlsbad By the Sea 133,916 5,357 128,559 1,289,215 51,569 1,237,646 Expenses Previously Approved but not Paid paid (B) 25,894 158,349 2 474,215 25,739 444,069 43,470 51,635 1,120,103 EXHIBIT A Account Balance (A)-(B) 4,915 13,010 14,528 85,089 117,543 Check Request amount 4,915 14,528