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HomeMy WebLinkAbout2023-11-01; Carlsbad Tourism Business Improvement District; ; Update on Services Rendered by Visit CarlsbadMeeting Date: To: From: Staff Contact: Subject: CARLSBAD TOURISM BUSINESS IMPROVEMENT DISTRICT Nov. 1, 2023 CTBID Advisory Board Members Matt Sanford, Economic Development Manager Matt Sanford, Economic Development Manager matt.sanford@carlsbadca.gov, 760-607-2923 Update on Services Rendered by Visit Carlsbad Recommended Action Receive a progress report from Visit Carlsbad on contract deliverables. 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, website development and administration, group sales, print and internet advertising, public relations and various other tourism promotion activities identified in the agreement. On April 18, 2023, the City Council of the City of Carlsbad formed a new Carlsbad Tourism Business Improvement District (New CTBID) under the Property and Business Improvement District Law of 1994 (California Streets and Highways Code Sections 36600 et seq.). Visit Carlsbad was selected as the Owners' Association under the New CTBID and implemented the New CTBID's management district plan, as of July 1, 2023, when the new assessment also began. As a result of the New CTBID's establishment, the current CTBID will wind down operations by the end of fiscal year 2023-24. To avoid subjecting hotel businesses to double assessments, the City Council did not levy assessments under the current CTBID for the fiscal year 2023-24. However, the current CTBID has available funds from prior fiscal year assessments to fund tourism promotion and visitor services for the benefit of hotel businesses until the New CTBID receives sufficient assessment revenue to begin providing these services. Historically, to execute these services, the CTBID Advisory Board has contracted with Visit Carlsbad to develop a program of work and present it to the CTBID Advisory Board for approval along with the proposed budget for the work. The budget is then included in the CTBID annual report and budget. In this case, the program of work was presented and approved in May 2022 for FY 2022-2023. On June 27, 2023, the CTBID Advisory Board approved an amendment to extend the contract with Visit Carlsbad to execute the same program of work, until the remaining CTBID funds that were collected in FY 2022-2023 are fully expended. Item 1 This report will provide an update on the progress made by Vi sit Carlsbad on the deliverables set forth in the contract and provide the CTBID Advisory Board with an accounting of funds expended and services rendered. Fiscal Impact None. Exhibits None. Nov. 1, 2023 Item 1 Page 2 of 2