HomeMy WebLinkAbout2023-04-26; Carlsbad Golf Lodging Business Improvement District; ; Finance and Governance UpdateMeeting Date:
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CARLSBAD GOLF LODGING BUSINESS IMPROVEMENT DISTRICT
Staff Report
April 26, 2023
CGLBID Advisory Board Members
Matt Sanford, Economic Development Manager
Matt Sanford, Economic Development manager
matt.sanford@carlsbadca.gov, 760-607-2923
Finance and Governance Update
Recommended Action
Receive an informational report regarding CGLBID funds and discuss and provide
recommendations regarding the status of the Carlsbad Tourism Business Improvement District
(CTBID) transition.
Item Explanation
This item provides an update on CGLBID finances, including the CGLBID budget, revenue, and
forecast. The CGLBID Advisory Board will have an opportunity to discuss, ask questions and
provide recommendations regarding CGLBID finances.
Additionally, on April 18, 2023, the Carlsbad City Council adopted a resolution establishing a
new Tourism BID under the Property and Business Improvement District law of 1994. As a
result of this action, Visit Carlsbad is designated as the owner's association, which will function
as the CTB ID beginning on July 1, 2023. The CTBID Management District Plan allows for an
optional, additional golf assessment, which cou ld take the place of the current CGLBID. The
CGLBID Advisory Board may choose to consolidate operations into the new CTBID, achieving
greater efficiency of operations. This item provides an update on the CTBID transition and
allows for the discussion of next steps for the CGLBID Advisory Board.
Fiscal Impact
Should the CGLBID Advisory Board choose to consolidate with the CTBID, there will be funds
remaining in the CGLBID account. Staff would develop a plan to utilize the remaining CGLBID
funds and then return to the CGLB ID Advisory Board with a recommendation.
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
None
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