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Home My WebLink AboutLTAC 2022-08-12 Agenda Packet AGENDA Lodging Tax Advisory Committee 11:30 A.M. Friday, August 12, 2022 Hybrid Meeting The public can view and listen into the meeting with the information below. Likewise, the public can listen and watch the meeting at Tukwila City Hall, Hazelnut conference room. DCOVID-19.T UE TO THE MEETING WILL NOT BE CONDUCTED IN PERSON HE PUBLIC CAN VIEW THEM MEETING VIA THE . LINK BELOW OR THE PHONE NUMBER PROVIDED CII: ALL N NSTRUCTIONS Join on your computer or mobile app Click here to join the meeting +1 253-292-9750,Phone Conference ID: 571 303 53# For assistance during the meeting, please call (206) 731-9071. 1.Welcome and Introductions 2.Review of Agenda 3.Approval of Minutes (ACTION ITEM) a.May 13, 2022 Minutes 4.Special Presentations a.Economic Development Plan, Derek Speck b.Budget Presentation, Niesha Fort-Brooks and Tony Cullerton 5.Pending Funding Requests (NONE) 6.General Business a.Summer Gut Check Wresting Tournament, Post Event Briefing b.XV Series Update c.2023/2024 Budget Discussion 7.Announcements 8.Roundtable 9.Adjourn Next Scheduled Meeting: When: 11:30 A.M. September 9, 2022 City of Tukwila 6200 Southcenter Blvd. Tukwila, WA 98188 Location: Virtual City of Tukwila 6200 Southcenter Blvd. Tukwila, WA 98188 DRAFT Lodging Tax Advisory Committee Minutes 11:30 AM | May 13, 2022 Virtual PGP20-28M24,2020 URSUANT TO OVERNORS ROCLAMATION ADOPTED ARCH THIS MEETING .AP: WAS NOT CONDUCTED IN PERSON S NOTED IN THE ROCLAMATION A,RCW42.30,, NY PUBLIC AGENCY SUBJECT TO IS PROHIBITED FROM CONDUCTING ANY MEETING RCW42.30()- SUBJECT TO UNLESS A THE MEETING IS NOT CONDUCTED INPERSON AND INSTEAD (),, PROVIDES AN OPTIONS FOR THE PUBLIC TO ATTEND THE PROCEEDINGS THROUGH AT MINIMUM ,.. TELEPHONIC ACCESS TC. HE ITY PROVIDED A TELEPHONE CALL IN NUMBER FOR MEMBERS AND THE PUBLIC TO CALL Members Present: Mayor Allan Ekberg (Acting Chair), Miesa Berry, Jim Davis, Brian Jones, Ben Oliver, Jean Thompson, Mike West Members Absent: Tom McLeod City Staff Present: Brandon Miles, Derek Speck Others Present: Mark Everton, Seattle Southside Regional Tourism Authority Agenda Item Action Follow-Up Welcome and Introductions Acting Chair Ekberg called the None meeting to order at 11:33 AM. Committee members introduced themselves. Review of Agenda Reviewed None Approval of Minutes of March Jim moved approval. Jean None 11, 2021 seconded. Motion passed. City of Tukwila 6200 Southcenter Blvd. Tukwila, WA 98188 Special Presentations Mark Everton presented an None Seattle Southside RTA 2022 Business Plan business plan. Committee members expressed support for the plan. Mark explained that the RTA None Seattle Southside started covering registration Scholarship Program expenses for some local business representatives to be ambassadors at various sales events and trade shows. Pending Funding Requests Brandon presented a request None Paint the Boulevard for $6,000 to create a mural (City of Tukwila) program along Tukwila International Boulevard. Committee members asked questions. Jim moved approval. Jean seconded. Motion passed. Seattle Sports Brandon presented a request None Commission for $10,000 to sponsor the (City of Tukwila) Seattle Sports Commission. Committee members shared comments and asked questions. Jean moved approval. Brian seconded. Motion passed. Brandon presented a request None Summer Gut Check for up to $6,000 to sponsor the Wrestling Tournament Sumer Gut Check wrestling (City of Tukwila) tournament to be held at City of Tukwila 6200 Southcenter Blvd. Tukwila, WA 98188 Showare. Committee members asked questions. Ben moved approval. Mike seconded. Motion passed. General Business None None None Announcements Brian Jones announced that in None Cup. The Seawolves are collaborating with partners to host the cup in the region. Brian mentioned the last Seawolves home match will be May 27 th. Roundtable None None Adjourn The meeting adjourned at 12:22 PM. City of Tukwila 6200 Southcenter Blvd. Tukwila, WA 98188 Tourism Funding, Six Year Financial Plan DRAFT - Updated March 3, 2021 Working Draft Update 20212022 Budgeted2022 Forecasted20232024202520262027Totals, '22-'27 Tourism Revenue Actuals Lodging Tax$ 540,328$ 450,000$ 525,000$ 650,000$ 750,000$ 800,000$ 825,000$ 825,000$ 4,825,000 Total Revenues:$ 540,328$ 450,000$ 525,000$ 650,000$ 750,000$ 800,000$ 825,000$ 825,000$ 4,825,000 Tourism Expenses Marketing, Sales, and Sponsorships Sponsorships$ 100,000$ 150,000$ 100,000$ 130,000$ 130,000$ 130,000$ 130,000$ 130,000$ 490,000 Small Events$ 75$ 15,000 $ 15,000 $ 15,000 $ 15,000 $ 15,000 $ 15,000 $ 15,000 $ 60,000 Experience Tukwila, Branding and Marketing, Visitors$ 100,000$ 75,000 $ 140,000$ 175,000$ 175,000$ 175,000$ 175,000$ 175,000$ 665,000 World Cup Planning and Activation$ -$ 50,000 $ -$ 50,000 $ 50,000 $ 50,000 $ 50,000 $ 50,000 $ 150,000 Business Attraction and Promotion$ 30,000 $ 30,000 $ 30,000 $ 30,000 $ 30,000 COVID-19 Response$ - SavingLocalKC.com$ - SSRTA Emergency Funding$ -$ -$ - Showare Sponsorship$ -$ 15,000 $ 1,000 $ 15,000 $ 15,000 $ 15,000 $ 15,000 $ 15,000 $ 46,000 Seattle Southside Chamber of Commerce$ 30,000 $ -$ - Destination Development$ - Wayfinding Plan Development and Installation$ -$ 150,000$ -$ 100,000$ 100,000$ 100,000$ 100,000$ 100,000$ 300,000 Southcenter Art Investments$ 75,000 $ 75,000 $ -$ 75,000 $ 75,000 $ 75,000 $ 40,000 $ 40,000 $ 225,000 Tukwila Pond$ 115,428$ 200,000$ -$ 200,000$ 200,000$ 200,000$ 200,000$ 200,000$ 600,000 General Administration$ - Salary and Benefits$ 78,802 $ 79,978 $ 79,463 $ 81,847 $ 84,302 $ 86,831 $ 89,436 $ 92,119 $ 89,436 City Overhead Charge$ 24,008 $ 25,231 $ 25,231 $ 25,988 $ 26,768 $ 27,571 $ 28,398 $ 29,250 $ 28,398 Administrative$ (109)$ 28,750 $ 28,750 $ 30,000 $ 30,000 $ 30,000 $ 30,000 $ 30,000 $ 118,750 Total Expenditures:$ 523,204$ 863,959$ 389,444$ 927,835$ 931,070$ 934,402$ 902,834$ 906,369$ 3,182,751 Beginning Fund Balance:$ 1,923,932$ 1,941,056$ 1,941,056$ 2,076,612$ 1,798,777$ 1,617,708$ 1,483,306$ 1,405,472 Ending Fund Balance:$ 1,941,056$ 1,527,097$ 2,076,612$ 1,798,777$ 1,617,708$ 1,483,306$ 1,405,472$ 1,324,103 Notes This document does not bind the City to provide funds nor does it authorize any funding. All use of lodging tax funds must be approved by LTAC and the City Council through an application process. The blue shaded cells indicate updates to what was intially approved. Salary/Benefits for Business Relations Manager is split 50/50 between general fund and lodging tax and is estimated to increase 3% annually after 2022. The City overhead charge is charged to all special funds. It recoups the cost to the general fund to support the lodging tax fund. It includes facilities, technology, legal, accounting, and record keeping services and is estimated to increase 3% annually after 2022.