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HomeMy WebLinkAbout2022-05-18; Carlsbad Tourism Business Improvement District; ; Visit Carlsbad AgreementCARLSBAD TOURISM BUSINESS IMPROVEMENT DISTRICT Staff Report Meeting Date: May 18, 2022 Subject: Visit Carlsbad Agreement Recommended Action Adopt a resolution authorizing execution of an agreement with Carlsbad Convention and Visitors Bureau (Visit Carlsbad) for tourism promotion services. Item Explanation Since the inception of the Carlsbad Tourism Business Improvement District (CTBID), the CTBID Advisory Board has contracted with Carlsbad Convention and Visitors Bureau, a 501(c)(6) corporation (dba Visit Carlsbad), to provide tourism promotion services for the CTBID. The scope of those services has included operation of the visitor center, web site development and administration, group sales, print and internet advertising, public relations and various other tourism promotion activities identified in the agreement. CCVB develops a program of work and presents it to the CTBID Advisory Board for approval along with the proposed budget for the work, which is then included in the CTBID annual report and budget. At the April 13, 2022 CTBID Advisory Board meeting, CCVB presented to the CTBID Advisory Board its proposed program of work and budget for fiscal year 2022-23. Based on its review and discussion of CCVB's proposal, the CTBID Advisory Board directed staff to bring back the agreement for approval and to include funding for the agreement in the CTBID's 2022-23 annual report and budget. Following discussion, if the CTBID Advisory Board would like CCVB to provide promotional and tourism marketing services for fiscal year 2022-23, as outlined in the agreement, the CTBID Advisory Board should adopt the resolution in Exhibit 1. Fiscal Impact For fiscal year 2022-23, projected revenues for the CTBID are estimated at $5,700,000. The total payment for this agreement for the twelve-month period is $5,114,170. The CTBID's reserves as of July 1, 2022, are estimated to be $4,173,227. Environmental Impact This action does not constitute a "project" within the meaning of the California Environmental Quality Act under California Public Resources Code Section 21065 in that it has no potential to cause either a direct physical change in the environment, or a reasonably foreseeable indirect physical change in the environment. Exhibits 1. Resolution