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File #: 19-001    Version: 3
Type: Public Hearing Status: Passed
File created: 12/31/2018 In control: City Council/Public Financing Authority
On agenda: 1/22/2019 Final action: 1/22/2019
Title: Adopt Resolution No. 2019-06 modifying the Management District Plan (MDP) of the Huntington Beach Tourism Business Improvement District (HBTBID); approve execution of the terminating Grant Agreement with Visit Huntington Beach (VHB) and authorize entering into a new Memorandum of Understanding (MOU)
Attachments: 1. Att#1 Reso 2019-06 Modifying HBTBID MDP.pdf, 2. Att#2 Termination of Grant Agreement.pdf, 3. Att#3 Draft MOU Agareement amended (002).pdf, 4. Sup Com 01-22-19 #29 (19-001) Att #3 Executed Agmt Replacing Draft Doc.pdf, 5. Sup Com 01-22-19 #29 (19-001) PowerPoint Comm .pdf, 6. Sup Com 01-22-19 #29 (19-001) Interdeprtmntl Comm Modification to HBTBID .pdf
REQUEST FOR CITY COUNCIL ACTION

SUBMITTED TO: Honorable Mayor and City Council Members

SUBMITTED BY: Fred A. Wilson, City Manager

PREPARED BY: Kellee Fritzal, Deputy Director of Economic Development

Subject:
title
Adopt Resolution No. 2019-06 modifying the Management District Plan (MDP) of the Huntington Beach Tourism Business Improvement District (HBTBID); approve execution of the terminating Grant Agreement with Visit Huntington Beach (VHB) and authorize entering into a new Memorandum of Understanding (MOU)
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Statement of Issue:
On December 17, 2018, the City Council conducted a Public Hearing and renewed the Huntington Beach Tourism Business Improvement District (HBTBID). Prior to the renewal of the HBTBID, the City Council on November 17, 2018, adopted a Resolution of Intention to modify the current HBTBID to terminate on January 31, 2019. This resolution, if approved, will be the final action on the HBTBID. In addition to the termination of the existing HBTBID, the current City and Visit Huntington Beach Grant Agreement is being terminated effective January 31, 2019 and a new Memorandum of Understanding is being recommended for adoption.

Financial Impact:
The proposed Visit Huntington Beach Grant Agreement effective February 1, 2019, allows for the General Fund to maintain the full 10% of the Transient Occupancy Tax. Under the current contract, the General Fund remits the HBTBID 1% of the 10% equaling about $1 million per year. In FY 2018/19, the pro-rated General Fund reduction to the HBTBID is approximately $550,000. For the HBTBID, appropriations in Fund 709 will be increased to reflect the modification of the assessment from 3% to 4% going forward.

Recommended Action:
recommendation
A) Adopt Resolution No. 2019-06, "A Resolution of the City Council of the City of Huntington Beach Modifying the Management District Plan of the Huntington Beach Tourism Business Improvement District"; and,

B) Approve and authorize the Mayor and City ...

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