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HomeMy WebLinkAboutCity Council Committees - Lodging Tax Advisory Committee - 06/18/2002 LODGING TAX ADVISORY COMMITTEE MEETING MINUTES for June 18, 2002 The regular meeting of the Lodging Tax Advisory Committee was called to order at 2:40 p.m. by chair, Rico Yingling. Committee Members Present:, Kathy Madison, Carol Vass, Andy Wangstad, Rico Yingling, Vickie Molzer Committee Members Absent: Diana Albertson Staff Present: Mike Martin, CAO, May Miller, Finance Director, Nathan Torgelson, Economic Development Project Manager, Brett Vinson, Legal and Cheryl Viseth, Administrative Assistant. Guests: Raul Vaca and Barb Ivanov, Kent Chamber of Commerce Approval of Meeting Minutes for March 19, 2002: Minutes for the March 19, 2002 meeting were approved as amended. Introduction of Nathan Torgelson Economic Development Project Mgr: Nathan started with the City of Kent in May 2002. He came from the City of Seattle, Office of Economic Development. He is the lead on Sounders, Soccer Stadium, various Kent Station projects and Tax increment financing, just to name a few. Amendment Request to Kent Chamber Operating Budget: Barb Ivanov, Kent Chamber Barb asked that the Chamber drop some of the ad guides and use remaining money from last year for individual travelers. The committee funded two WA State Visitors Guides. Barb suggested that the committee decide which of the two publications to use and drop the other. The Chambers contract stated they would do certain things —they would like to move money around which would accomplish some of the goals without compromising the rest of the contract. Andy moved to adjust the current contracted items and approve the June 7, 2002 Lodging Association Budget. Carol seconded — the others approved — motion passed. May will see that this is added to the next Operations Committee Meeting on Tuesday, July 2. This will leave approx. $3,400 in the Fund balance. Legal is working on a draft amendment to the Chamber Contract, that would allow for an additional $7, 530 to be allocated to the Kent Chamber of Commerce from the ending fund balance. Review Draft Policy on Community Submissions: Mike Martin, CAO Mike handed out the guideline for the distribution of the lodging tax revenue and the Qualifications for the Receipt of Lodging Tax Revenue. Everyone liked what they read, agreeing that a form needs to be in place in time for next years budget. Carol asked if the $85,000 that is currently going toward the Golf Course (until 2004) is paid off will that money then be available for other things. Mike said it would. Update of Projects from Kent Lodging Association: Raul Vaca Raul handed out the Kent Lodging Association First& Second Quarter Report for 2002. He noted that the site received 148 hits in December 2001. As of May 2002 the site received 23,654 hits! Carol asked if that translated to bookings. Raul said eventually but it is extra work and cost to determine which hits turn into bookings. 1 Page 2 of 2 6.18.02 Lodging Tax Committee Minutes noted they are finalizing the Kent Brochure with completion date of June 24, 2002. He noted that the KOA Kampground made an in kind donation of tours of the City for visitors by calling KOA. Financial Report: May Miller, Finance Director May passed out the Preliminary Current Budget Analysis and Forecast as of May 31, 2002. She noted we are running pretty close to projections. Revenues in at $44,108 estimated actual shows based on trends. We will bring in $111,646 (based on time of year). There will possibly be $15,000 left at year's end between the original receiving fund and the project fund. New Members: Kathy said that Alicia from LaQuinta would be interested in being a committee member. Action Item: Rico Rico will ask Alicia to be a part of the Lodging Tax Committee. Adjourn: The meeting was adjourned at 3:45 p.m. Next Meeting: To be held on Tuesday, September 17, 2002 at 2:30 p.m. 2