HomeMy WebLinkAbout2002-04-09; City Council; 16712; Refund to La Costa Hotel & Spa CorporationCITY OF CARLSBAD - AGENDA BILL
iB# 16.712 TITLE:
REFUND TO THE LA COSTA HOTEL
1TG. 04/09/02
BUSINESS LICENSE TAXES IEPT. FIN
AND SPA CORPORATION FOR
CITY MG~
[ECOMMENDED ACTION:
Adopt Resolution No. 2002-107 authorizing a refund to the La Costa Hotel and Spa
Corporation of $16,596.90 in business license tax.
TEM EXPLANATION:
The La Costa Hotel and Spa Corporation sold their resort to KSL La Costa Resort
Corporation on November 15, 2001. The La Costa Hotel and Spa Corporation had renewed
their business license in October 2001, and paid its business license tax for the full year.
On January 22, 2002, the new company, KSL La Costa Resort Corporation applied for a
new business license, and subsequently paid their business license tax for the entire year.
The La Costa Hotel and Spa Corporation has requested a refund for the period of time after
they sold the resort.
The Finance Department: 1) confirmed the date that the La Costa Hotel and Spa
Corporation ceased conducting business in the City; 2) audited the refund request by
reviewing the financial statements of the La Costa Hotel and Spa Corporation for the period
of the business license tax payment and confirming the refund amount; and 3) verified that
the new company (KSL La Costa Resort Corporation) had applied and paid for a business
license with the City.
Therefore, staff is recommending approval of a refund to the La Costa Hotel and Spa
Corporation for $16.596.90.
Summarv
Section 5.04.130 of the Carlsbad Municipal Code requires Council approval of any refund in
excess of $500. Therefore, staff is recommending approval of a refund to the La Costa
Hotel and Spa Corporation for $16,596.90.
:ISCAL IMPACT:
The refund of $16,596.90 to the La Costa Hotel and Spa Corporation will result in a
reduction in business license revenue for fiscal year 2001-2002, which will be offset by the
business license taxes paid by the new owner. There is no net fiscal impact.
iXHIBIT:
1. Resolution No. 2002-107 , Refunding Business Tax Payment to the La Costa Hotel
and Spa Corporation.
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RESOLUTION NO. 2002-107
A RESOLUTION OF THE CITY COUNCIL OF
THE CITY OF CARLSBAD, CALIFORNIA,
TO THE LA COSTA HOTEL AND SPA CORPORATION
REFUNDING BUSINESS TAX PAYMENT
WHEREAS, the La Costa Hotel and Spa Corporation sold their resort on
November 15, 2001 and the company has requested a refund for the period of time after
they stopped conducting business in the City; and
WHEREAS, the sale of the resort was made to a new company under the name
of KSL La Costa Resort Corporation; and
WHEREAS, the Finance Department confirmed the date the La Costa Hotel and
Spa Corporation ceased doing business in the City, audited and verified the refund amount,
and verified that the new company (KSL La Costa Resort Corporation) applied and paid for
a business license.
NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of
Carlsbad. California, as follows:
SECTION 1. That the above recitals are all true and correct.
Ill
Ill
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SECTION 2. That a refund of business license tax of $16,596.90 to the La Costa Hotel
and Spa Corporation is authorized.
PASSED, APPROVED AND ADOPTED at a regular meeting of the City Council on
the 9th day of APRIL , 2002, by the following vote, to wit:
AYES: Council Members Lewis, Kulchin, Nygaard, Hall
NOES: None
ABSENT: Council Member Fi
L CLAUDE A. LEWIS, Mayor
Page 2 of 2 of Resolution No. 2002-107 3