HomeMy WebLinkAbout2021-10-13; Carlsbad Golf Lodging Business Improvement District; Resolution 2021-84GDocuSign Envelope ID: 5D138113-6C0E-469A-AFB6-983EEADCC48D
RESOLUTION NO. 2021-84G
RESOLUTION OF THE BOARD OF DIR~CTORS OF THE CARLSBAD GOLF
LODGING BUSINESS IMPROVEMENT DISTRICT (CGLBID), APPROVING THE
CASSARA, WESTIN AND SHERATON CARLSBAD'S REIMBURSEMENT REQUESTS
EXHIBIT 5
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 shows 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 Oct. 13 reimbursement requests and authorizes staff to
pay $33,605 to the Cassara, $23,672 to the Westin Carlsbad and $15,453 to the Sheraton
Carlsbad.
EXHIBIT A
Account Deposits Less4% Account Check
Balance Paid July-Sept Admin Balance Pending Request
Property 7/7/21 7/7/21 2021 Fee 10/13/21 Approval amount
Cassara 15,451 -18,910 756 33,605 54,456 33,605
Park Hyatt Aviara 14,176 14,176 27,182 1,087 26,094 24,893 24,893
Sheraton Carlsbad Resort 18,S29 -17,804 712 35,621 15,453 15,453
Westin Carlsbad Resort 18,049 -19,802 792 37,058 23,672 23,672
Carlsbad By the Sea 63,125 -19,476 779 81,822 4,457 4,457
Omni La Costa Resort 25,958 25,958 50,678 2,027 48,651 35,491 35,491
Cape Rey Hilton 52,752 5,484 24,720 989 70,999 3,824 3,824
Hilton Garden Inn 59,146 2,231 22,096 884 78,127 660 660.
Total 267,186 47,849 200,668 8,027 411,978 162,906 i 142,055