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Home My WebLink AboutBIDMinutes 2018_04_26BID Board Meeting Tuesday, April 26, 2018 Meeting called to order at 9:00 am Present: Randy Soma, Jennifer Johnson, Tom Richter, Kate Treiber Absent: Tari Waterman Staff: Mike Struck AGENDA 1. Call to order 2. Approval of Agenda. Motion by Treiber, second by Soma, motion carries. 3. Approval of Minutes. Motion by Treiber, second by Johnson, motion carries. 4. New Business Election of 2018 Officers Chair – Tari Waterman Vice Chair – Kate Treiber Secretary – Jennifer Johnson Motion by Soma, second by Richter to approve the above slate of officers. Motion carries. 2017 Annual Reports Struck reviewed the BID 2017 report. Hotels submit tax reports by the 20th of each month. 2017 occupancy was 53%, down from 2016 (which was 60%), possibly due to a variety of factors such as extensive road construction on 6th Street during 2017 peak season, as well as the addition of a new hotel into the market (March 2017). The committee reviewed extended stay numbers compared to previous years. Extended stay is defined as 28 or more consecutive days. Struck shared when the BID started in 2012 there were lots of extended stays due to large construction projects in Brookings and the surrounding area. 2017 BID financials were reviewed. $243,417.19 revenues collected; $217,500 paid to CVB; $4,932.53 administration fee paid to the City (capped by a certain percentage); year-end balance $20,984.66. Johnson reviewed the CVB 2017 annual report. 23 new events in 2017, overall economic impact of event recruitment and support was slightly down, but still strong at $9.6 million. 3.8 million impressions from advertising and marketing efforts. Third B also slightly up year-over-year. 5. Action to approve a 2019 Plan of Improvements for Business Improvement District #1 Discussion of overall budgeting and City G&E Policy. Discussion of BID board role regarding relating the committee’s goals and ideas to the City Manager and City Council. Want to continue support/funding of CVB and want to continue building up the reserve fund for larger capital projects related to the visitor industry, such as new score boards, future visitor center, etc. Soma recommends funding level goes to $220,000, second by Richter. Motion carries. 6. Adjournment. Motion by Johnson, second by Treiber. Motion carries.