HomeMy WebLinkAboutAgenda Report - November 6, 2019 C-13AGENDA ITEM c-13
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AGENDA TITLE:
MEETING DATE:
PREPARED BY:
Approve Lodi Tourism Business lmprovement District (LTBID) 2019 Annual Report
November 6,2019
Deputy City Manager
RECOMMENDED ACTION Approve LodiTourism Business lmprovement District (LTBID) 2019
Annual Report.
BACKGROUND INFORMATION: On September 2,2015 the Council adopted Resolution 2015-159
establishing the Lodi Tourism Business lmprovement District
(LTBID) for a five-year term, beginning Octoþer 2,2015 and
continuing through September 30,2020. Pursuant to Lodi Municipal Code Chapter 12.07 and Streets and
Highways Code Section 36600 et seq., also known as the "Property and Business lmprovement District
Law of 11994", the Owners Association, identified in the resolution as the Lodi Conference and Visitors
Bureau (Visit Lodi!), is required to present an annual report (Exhibit A) to the Council for each year in
which assessments are to be levied and collected to pay the costs of the improvements and activities
described within the report. Assessments total 4.5 percent of hotel rates in the City and 3 percent of
hotels in Flag City. As of June 2017, the City no longer provides additional funding for the District.
For fiscal year 2020, Visit Lodi! is not proposing any changes to the method and basis for levying the
assessment or to the boundaries or assessed businesses within the LTBID.
FISCAL IMPACT: Funding for Visit Lodi! generates additional funding for local merchants and the
City as tourism dollars are spent locally.
FUNDING: Not applicable. The LTBID is funded by assessed lodging businesses.
Andrew Keys
Deputy City Manager
AK:LT
APPROVED
Manager