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HomeMy WebLinkAbout2014-05-22; Carlsbad Golf Lodging Business Improvement District; Resolution 2014-4GEXHIBIT 1 1 RESOLUTION NO. 2014-4G 2 A RESOLUTION OF THE BOARD OF DIRECTORS OF THE ADVISORY BOARD OF THE CARLSBAD GOLF LODGING BUSINESS IMPROVEMENT DISTRICT (CGLBID) OF THE CITY OF CARLSBAD, 4 CALIFORNIA, TO APPROVE THE ANNUAL REPORT 3 11 12 13 14 15 16 17 20 21 22 23 24 25 26 27 28 WHEREAS, the CGLBID was formed in accordance with the California 5 6 -7 Government Code Parking and Business Improvement Area Law of 1989 (Sections 8 36500, et. Seq. ofthe Streets and Highways Code), and 9 WHEREAS, Section 36533 of the Code requires the CGLBID Advisory 10 Board to present an annual report: to the City Council's for their review and approval for each fiscal year for which assessments are to be levied and collected to pay the cost for the improvements and activities described in the report:; and WHEREAS, an Annual Report has been prepared for the 2014-15 fiscal year, and WHEREAS, the Board of Directors of the Carlsbad Golf Logding Business Improvement District wishes to approve the Annual Report; and 18 WHEREAS, the Board of Directors of the Carlsbad Golf Lodging Business 19 Improvement District wishes to submit the report to the City Council for approval; and NOW, THEREFORE, BE IT RESOLVED by the Board of Directors of the Carlsbad Golf Lodging Business Improvement District ofthe City ofCarlsbad, California, as follows: 1. That the above recitations are true and correct. 2. That the Annual Report shown at Exhibit A is approved in its entirety by the Board of Directors ofthe Carlsbad Golf Lodging Business Improvement District. 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 3. That the approved Annual Report of the Cartsbad Golf Lodging Business Improvement District will be presented to the City Council for their approval at a June 2014 meeting. PASSED, APPROVED AND ADOPTED at a regular meeting of the Board of Directors of the Carisbad Golf Lodging Business Improvement District of the City of Carisbad held on the 22nd day of JVlay , 2014 by the following vote, to wit: AYES: Board Members Glaser, Allen. NOES: None. ABSENT: Board Member Stripe. GARY GLASER, Chair ATTEST: gARBARA EI^LESON Pro Tem Clerk of the Carisbad Golf Lodging Business Improvement District /// EXHIBIT A Carisbad Goif Lodging Business innprovement District (CGLBID) Annual Report 2014-2015 Method of Assessment: The CGLBID includes all hotel businesses in the City of Carlsbad that have elected to participate in the district. The assessment shall be levied on all hotel businesses, that have elected to participate in the district, within the City of Carisbad based upon a flat fee of $2.00 per occupied room per night for all transient occupancies as defined in section 3.12.020(7) of the Carlsbad Municipal Code. The amount of assessment shall be separately stated from the amount of the rent and other taxes charged, and each transient shall receive a receipt for payment from the operator. The assessment will be remitted monthly, based on $2.00 per occupied room per night in revenues for the previous month. Assessment Funding Purpose: The proceeds of the CGLBID assessment shall be spent to promote golf-related tourism within the boundaries ofthe CGLBID, as well as marketing related capital improvements such as golf-related signage, golf related equipment and to pay for related administrative costs. 2014-15 Work Plan: The CGLBID was established in January 1, 2013. For the initial period the district, Fiscal Year 2012-2013 (1/1/13-6/30/13) and the next fiscal year 2013-14, three hotel's opted into the district. Those three hotels; the Sheraton Carisbad, the Park Hyatt Aviara and the Grand Pacific Palisades Hotel, are expected to collect a total of $350,000 in CGLBID Assessments in Fiscal Year 2013-14. Each assessed business determines how to spend the funds collected by their respective property provided the expenditures are for an approved golf related expense. Reimbursement of these expenses are made quarteriy upon approval from the advisory board up to the amount collected per property minus administrative fees. The administrative fees pay for the collection of assessments and administration of the district. Monies not spent by the end of the fiscal year will carry fonward to the next fiscal year. For Fiscal Year 2014-15, one additional hotel has elected to participate in the district, Carlsbad by the Sea Resort. The district will now be comprised of four hotels. It is estimated that these four hotels will collect a total of $420,000 in CGLBID assessments. Based on this revenue estimate, the budgeted amount for reimbursement to the hotels is $403,200. This amount plus any carry fonwards from the previous fiscal year will be available to the assessed hotels for reimbursement. Administrative fees for Fiscal Year 2014-15 are budgeted at $16,800, which is 4% of the revenues. 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