HomeMy WebLinkAboutBIDMinutes_2021_05_18BID Board Meeting
Tuesday, May 18, 2021
Meeting called to order at 12:00 pm
Present: Randy Soma, Laura Schoen Carbonneau, Tom Richter, Lynda Pierce and Kate Treiber.
Staff: Mike Struck
AGENDA
1. Call to order
2. Approval of Agenda. Motion by Soma, second by Richter, motion carries.
3. Approval of Minutes. Motion by Richter, second by Treiber, motion carries.
4. New Business
Election of 2021 Officers
Chair – Randy Soma
Vice Chair – Lynda Pierce
Secretary – Laura Schoen Carbonneau
Motion by Pierce, second by Richter to approve the above slate of officers. Motion carries.
2020 Annual Reports
Struck reviewed the BID 2020 report. Hotels submit tax reports by the 20th of each month. 2020
occupancy was 43%, down from 2019 (which was 53%). 2020 BID collections were $209,928. Normal
stays comprised 88% of the occupancies while extended stays made up 11% and complimentary rooms
accounted for 1%. Days of the week occupancy was very consistent with past years trends with Friday
and Saturday generating the highest demand with mid-week Tuesday/Wednesday accounting for the
highest stays during weekdays. Overall, Covid-19 had a significant impact on the hotel industry in 2020.
2020 BID financials were reviewed. $209,928 revenues collected and $899.91 interest income;
$203,292.67 paid to CVB; $4,160.96 administration fee paid to the City (capped by a certain
percentage).
Action to approve a 2022 Plan of Improvements for Business Improvement District #1
Discussion of overall budgeting
Motion by Pierce, Second by Soma to fund Visit Brookings at 2021 Funding Request. Motion carries.
Motion by Treiber, second by Soma to adjourn at 12:50 PM. Motion carries.