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HomeMy WebLinkAbout2016-11-16; Carlsbad Golf Lodging Business Improvement District; ; Approve Reimbursement Requests CGLBID STAFF Carlsbad Golf Lodging Business Improvement District (CGLBID)AB# 10-16-28 MTG. 11-16-16 CARLSBAD GOLF LODGING BUSINESS IMPROVEMENT DISTRICT AGENDA BILL Approve Reimbursement Requests CGLBID STAFF Carlsbad Golf Lodging Business GENERAL Improvement District (CGLBID) COUNSEL RECOMMENDED ACTION: Adopt Resolution No. 2016-7G approving the Reimbursement Requests from the Sheraton Carlsbad, the Grand Pacific Palisades Hotel, Park Hyatt Aviara and Carlsbad By the Sea 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 April17, 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, Park Hyatt Aviara and the Carlsbad by the Sea Resort 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 October 31, 2016 CGLBID Assessment revenue was $1,484,453. Reimbursement requests from the Sheraton Carlsbad were $41,981 of which $41,981 is available and is being recommended for payment. Reimbursement requests from the Grand Pacific Palisades were $14,947 of which $14,947 is available and is being recommended for payment. Reimbursement requests from the Park HyattAviara were $36,917 of which $36,917 is available and is being recommended for payment. Reimbursement requests from Carlsbad by the Sea were $66,065 of which $66,065 is available and is being recommended for payment. .I ~/ 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-?G approving the Reimbursement Requests from the Sheraton Carlsbad, the Grand Pacific Palisades Hotel, Park Hyatt Aviara and the Carlsbad by the Sea Resort 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: Colette Wengenroth, 760-602-2468, co/ette.wengenroth@ carlsbadca.gov EXHIBIT A Summary of CGLBID Assessment Collections Expenses Less 4% Available Account Check Total Admin Deposits Pending Paid Balance Request Property Deposits Fee (A) Approval (B) (A)-(B) amount Grand Pacific Palisades Hotel 197,676 7,907 189,769 171A40 18,328 14,947 Park Hyatt Aviara 588,190 23,528 564,663 508A51 56,212 36,917 Sheraton Carlsbad Resort 558,612 22,344 536,268 482,027 54,240 41,981 Carlsbad By the Sea 174,024 6,961 167,063 51A70 115,593 66,065 1,518,502 60J40 1A57,762 0 1,213,388 244,374 159,910 November 16, 2016 Reimbursement Requests Grand Sheraton Pacific Park Hyatt Carlsbad By Carlsbad Palisades Aviara the Sea Total Advertising and Marketing 5J98 2,673 20,500 66,065 95,036 Public Relations 2,250 2,250 Sales Personnel Salary 33,044 5,838 16A17 55,300 Prior Quarters Carry Over 889 6A35 7,324 41,981 .14,947 36,917 66,065 159,910