HomeMy WebLinkAboutBIDMinutes 2017_04_24BID Board Meeting
Monday, April 24, 2017
Meeting called to order at 9:05 am
Present: Tari Waterman, Bob Johnson, Jennifer Johnson, Kate Treiber, Tom Richter
Staff: Mike Struck
AGENDA
1. Call to order
2. Approval of Agenda. Motion by Treiber, second by J. Johnson, motion carries.
3. Approval of Minutes. Motion by Richter, second by B. Johnson, motion carries.
4. New Business
Election of 2017 Officers
Chair – Tari Waterman
Vice Chair – Tom Richter
Secretary – Jennifer Johnson
Motion by B. Johnson, second by Treiber to approve the current slate of officers. Motion approved.
5. Other items and reports
Mike Struck reviewed the 2016 Annual Bid Report
Occupancy for 2016 was 60%
Extended stays slightly down over 2015
Brief overview of BID tax (started collecting in May 2012)
Occupancy by day of the week – weekends always strong, Tuesday and Wednesday typically strong as
well
2016 BID Financials
Year End Balance - $47,806.53, which is put into a reserve fund
Minimum of $100,000 in reserve fund
Review of CVB Annual Report
33% increase in new event recruitment
Generated $11.3 million in economic impact
$81.34 ROI
2.4+ million online marketing campaign impressions
5b. 2018 Plan of Improvements for BID #1
Discussion of previous year’s letter
T. Waterman recommends staying at the $200,000 funding level for the CVB in 2018 and makes motion.
B. Johnson agrees and seconds motion. Motion carries. Hope to build up the reserve fund.
6. Adjournment
Motion by B. Johnson, second by Richter. Motion carries. Meeting adjourned at 9:58 am