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HomeMy WebLinkAbout2022-01-12; Carlsbad Golf Lodging Business Improvement District; Resolution 2022-86GDocuSign Envelope ID: 33F5DC73-37BF-4FAB-B29D-51 DCFC5C88F9 EXHIBIT 2 RESOLUTION NO. 2022-86G RESOLUTION OF THE ADVISORY BOARD OF THE CARLSBAD GOLF LODGING BUSINESS IMPROVEMENT DISTRICT (CGLBID), APPROVING THE PARK HYATT AVIARA REIMBURSEMENT REQUEST 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 Advisory Board 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 Jan. 12 reimbursement request from Park Hyatt Aviara and authorizes staff to pay $15,235 to Park Hyatt Aviara. EXHIBIT A Account Deposits Less 4% Account Check Balance Paid Oct -Dec Admin Balance Pending equest Property 10/13/21 10/13/21 2021 Fee 1/12/22 Approval 3mount Cassara 33,605 33,605 16,890 676 16,214 16,818 16,214 Pa rk Hyatt Aviara 26,094 24,893 30,974 1,239 30,936 15,235 15,235 Sheraton Carlsbad Resort 35,621 15,453 18,373 735 37,806 12,120 12,120 Westin Carlsbad Resort 37,058 23,672 22,767 911 35,243 20,914 20,914 Carlsbad By the Sea 81,822 4,457 12,936 517 89,783 7,933 7,933 Omni La Costa Resort 48,651 35,491 47,066 1,883 58,344 15,767 15,757 Cape Rey Hilton 70,999 3,824 22,584 903 88,856 15,589 15,589 Hilton Garden Inn 78,127 660 21,796 872 98,391 1,234 1,234 Total 411,978 142,055 193,386 7,735 455,573 105,610 104,996