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R 4922 RESOLUTION NO. 4922 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF ARROYO GRANDE ADOPTING THE FISCAL YEAR 2019-20 BUDGET FOR THE ARROYO GRANDE TOURISM BUSINESS IMPROVEMENT DISTRICT WHEREAS, on February 26, 2013, the City Council adopted Resolution No. 4516 establishing the Arroyo Grande Tourism Business Improvement District (“AGTBID”) Advisory Board (“Advisory Board”); and WHEREAS, on May 14, 2013, the City Council adopted Ordinance No. 651 establishing the AGTBID; and WHEREAS, the purpose of the Advisory Board is to consult with and advise the City Council on those matters dealing with the method and basis of levying assessments within the AGTBID; expenditures of revenues derived from such assessments; and programs, services, improvements, and activities intended to promote lodging establishments within the District; and WHEREAS, on March 25, 2019, the Advisory Board approved the FY 2018-19 AGTBID Annual Report; and WHEREAS, on April 23, 2019, the City Council approved the Advisory Board’s Annual Report and adopted a Resolution of Intention to levy and collect assessments for the 2019-20 fiscal year and to set the date for a public hearing for May 28, 2019; and WHEREAS, on May 28, 2019, the City Council adopted a Resolution confirming the Advisory Board’s Annual Report and levying an annual assessment for the AGTBID for the 2019-20 fiscal year; and WHEREAS, the budget recommendations are based upon City revenue projections and will fund a work plan that meets the objectives, goals and responsibilities of the AGTBID. NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Arroyo Grande as follows: 1. The recitals set forth herein are true and correct. 2. The City Council hereby adopts the FY 2019-20 budget for the Arroyo Grande Tourism Business Improvement District attached hereto as Exhibit A. On motion by Council Member Barneich, seconded by Council Member Storton, and by the following roll call vote, to wit: AYES: Council Members Barneich, Storton, Paulding, George, and Mayor Ray Russom NOES: None ABSENT: None th The foregoing Resolution was adopted this 28 day of May 2019. RESOLUTION NO. yy-Z. PAGE 2 ► V / ' % CAR RAY - t •OM, MAYOR ATTEST: 41-ttAt--- KELLY WkI%v RE, CITY CLERK APPROVED AS TO CONTENT: JAMES ' . •i-- , CITY MANAGER APPROVED AS TO FORM: 1 ATHER WHITHAM, CITY ATTORNEY Preliminary FY 2019-20 AGTBID Budget REVENUES Revenue Source Amount TBID Assessments $ 200,900 Interest $ 800 Chamber contribution 5,000 City contribution 5,000 Total Revenue $ 211,700 Estimated Fund Balance for FY 2019-20 is $275,000 EXPENDITURES Activity Amount Activity Amount Tourism Marketing $165,000 Public Relations & Sponsorships $60,000 Includes: Services Sponsorship Opportunities $43,100 City - administrative $3,000 Chamber - Contract admin. $30,000 Membership Sub-total Services & Supplies $33,000 Central Coast Tourism Council $500 Total Expenditures $258,500 Exhibit A OFFICIAL CERTIFICATION I, KELLY WETMORE, City Clerk of the City of Arroyo Grande, County of San Luis Obispo, State of California, do hereby certify under penalty of perjury, that the attached Resolution No. 4922 was passed and adopted at a regular meeting of the City Council of the City of Arroyo Grande on the 28th day of May, 2019. WITNESS my hand and the Seal of the City of Arroyo' Grande affixed this 30th day of May, 2019. Adat&U-- KELLY E ORE, CITY CLERK