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HomeMy WebLinkAboutBID1Minutes_2011_09_26Brookings Business Improvement District Board of Directors Meeting – Monday, September 26, 2011 Tari Waterman called the meeting to order at 9:02 am. 1. Approval of September 13th, 2011 minutes: Motion by Richter. Second by Park. All present Aye. 2. Approval of Agenda for September 26th: Motion by Richter. Second by Garbers. All present Aye. PRESENT: Mike Struck mstruck@cityofbrookings.org 692-6629 Tom Richter trichter@swiftelcenter.com 697-8867 Tari Waterman tari.waterman@hilton.com 697-5232 Bob Johnson bobj@aaumail.com 691-4636 Lance Park lance@brookingsdaysinn.com 692-9471 Deb Garbers deb@brookingschamber.org 692-6125 3. Discussion on Plan for Improvements: Mike Struck reviewed the proposed Plan for Improvements. Discussion centered around the following topics: a. Marketing Campaign – Vision Brookings Campaign has discussed opportunities related to enhanced/expanded meeting facilities. Further discussions should occur with Vision Brookings and seek opportunities to align with the campaign. Discussion on the marketing plan – materials, estimated costs, Request for Proposals (consultants vs. SDSU student project). b. Budget – Discussion on how many years out the Board should budget improvements. It was decided to coincide with the current city philosophy of budgeting one year in advance and projecting the following year. The 2012 budget will include $400,000 in revenue and $50,000 in expenses. This will allow the Board to establish a 1 year historical data and ensure funds are available to cash flow any projects that could occur in the 1st quarter of 2013. The $400,000 revenue is a high estimate based upon the statutory guidelines that once the revenue has been obtained, no further collection of the “pillow tax” can occur. Consensus for the 2013 budget project is to project a percentage of the revenue for the following improvements: Marketing Campaign 40% Sports Coordinator 20% Special Events (Capital Equipment) 15% Increasing Meeting Space (Expanded Facilities) 25% 4. Discussion on Presentation: Struck provided a brief overview of the draft presentation. Board felt it was important to reference Venuworks and HVS studies in the presentation. These studies provide the background info. and data to justify need for increased/expanded meeting facilities. The statutory guideline Board is emphasizing is item #6 of the statues, which allows for the development of any activities and promotion of the district area. * Planning on presenting to the City Council on October 11, 2011. Request all Board Members attend City Council Meeting. Bob Johnson has agreed to present and Mike Struck will prepare presentation. Board will meet at 9:00 am, Monday, October 10th to update board on presentation & make any final changes. 5. The meeting was adjourned. Next Meeting: Monday, October 10, 2011 at 9:00 am. Location to be determined.