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HomeMy WebLinkAbout2022 August Meeting Minutes-DraftLodging Tax Advisory Committee August 25, 2022 1:00 pm Draft Meeting Minutes Call to Order The meeting was called to order at 1:20 pm by Patricia Beyers. Roll Call Members Present: Patricia Beyers, Lisa Vallejo, John Cooper, Charlie Robin, Anne Moneymaker, Sara Allen, Angie Girard, Sarah Davila and Kristie Holstine City Staff Present: Jennifer Ferrer-Santa Ines and Jennifer Tippett Others Present: Connie Upton, Art Reis and Colleen Adams-Schuppe Approve minutes of previous meeting Motion: Angie Girard moved and Charlie Robin seconded to approve the previous meeting minutes. The motion carried by unanimous vote. Staff Report Lodging Tax Revenue Update Jennifer Ferrer-Santa Ines, Director of Finance and Budget for the City of Yakima reported on the Lodging Tax Revenue. Revenue for the first seven months of 2022 was $815,065. Continued Business Jennifer Ferrer-Santa Ines distributed the mid-year review of 2022 disbursed funds and notified the board members that it would be discussed at the next meeting. Per LTAC members the PFD met and discussed percentages to be paid on the Convention Center expansion debt. A letter from PFD to the City Manager should be forth coming regarding the debt being paid by both the PFD and LTAC. John Cooper suggested that based on the current room rates, the budget for 2023 should be moved up to $1,650,000. All members were in consensus. New Business After a discussion on the history of the bond payments, it was decided to implement incremental increases over the next few years to be back at the pre-COVID amount of $486,000 by 2025. With the 2023 bond payment at $350,000. Jennifer Ferrer-Santa displayed the grant options as they were presented by the board. The board produced five options to discuss. Motion: Charlie Robin moved and Angie Girard seconded to approve the budgeted/grant options displayed below, listed as LTAC Recommendation V2: / Motion: Sarah Allen moved to amend Charlie Robin’s motion, moving $3,800 from The Capitol Theatre to The Sports Commission as displayed above, listed as LTAC Recommendation V3. The motion to amend was approved by a unanimous vote. Lisa Vallejo suggested that we not offer the application to the public if the Committee is not able to support the requests. It was determined to discuss this at the September 9th meeting. Patricia Byers suggested that in future years a lump sum be set aside for disbursement to non-city owned entities. It was determined to discuss this at the September 9th meeting. Motion: Charlie Robin moved to accept the amended motion and Angie Girard seconded. Public Comment: Colleen Adams-Schuppe expressed her appreciation for the dedication of the committee and reminded all that the city owns the Arboretum. John Cooper informed her of the history of the Lodging Tax Committee and the obligation to the City’s debt service. Art Reis commented that the cost of the Sun Dome rental went up 30%. Motion: John Cooper moved and Charlie Robin seconded to adjourn @ 3:02pm.