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03/05/2019 05A Lodging Tax Advisory Committee Report to\'4\lyy tbxk ik 1 • i:41 P p P 1 PPi ittYlltYlt.\ta. BUSINESS OF THE CITY COUNCIL YAKIMA, WASHINGTON AGENDA STATEM ENT Item No. 5.A. For Meeting of: March 5, 2019 ITEM TITLE: Lodging Tax Advisory Committee report SUBMITTED BY: Mayor Kathy Coffey, Committee Chair SUMMARY EXPLANATION: The Lodging Tax Advisory Committee met on February 19, 2019 and has the following to report on: • The LTAC continues to monitor Lodging Tax receipts monthly, both to monitor against current year's budget and toward informed forecasting of the 2020 budget. • The LTAC will be meeting quarterly, beginning in May. The remainder of this year's meetings will be on May 16th, August 15th, and November 21 st • The 2020 application process will utilize the application approved at the previous meeting, to be made available on the city's website March 1st through the deadline for completion of May 1st • The committee will make recommendations to City Council on 2020 applicants following the May 16th meeting, which will allow adequate time for the city to communicate Council's perspective and hear back from the LTAC within the 45-day window prior to budget adoption. ITEM BUDGETED: NA STRATEGIC PRIORITY: APPROVED FOR SUBMITTAL: City Manager STAFF RECOMMENDATION: BOARD/COMMITTEE RECOMMENDATION: