Title
Approval of Lodging Tax Advisory Committee 2021 Lodging Tax Funding Recommendations
Recommended Action
Committee Recommendation:
The Lodging Tax Advisory Committee (LTAC) recommends approval of the 2021 Lodging Tax Fund recommendations.
City Manager Recommendation:
Move to approve the LTAC 2021 Lodging Tax Fund recommendations.
Report
Issue:
Whether to approve the Lodging Tax Advisory Committee recommendations for 2021 tourism funding.
Staff Contact:
Mike Reid, Economic Development Director, 360.753.8591
Presenter(s):
Mike Reid, Economic Development Director
Background and Analysis:
Annually, the Olympia LTAC makes recommendations on use of approximately one-half of the City's Lodging Tax Fund. Per a long-standing agreement that pre-dates the Committee's creation, the City uses the other half for capital and operating costs of the Washington Center for the Performing Arts, a City-owned facility.
An open call for tourism services funded by the Olympia Lodging Tax was advertised beginning October 15, 2020. The application deadline was November 19, 2020. Ten (10) proposals were received by deadline and the Committee considered a standing request of $100,000 from the Visitors and Convention Bureau, all totaling $436,497 in requests. No proposals were received after the deadline. The estimated 2021 LTAC revenue is $347,788. The estimated LTAC reserve fund balance entering in to 2021 is $830,000. Historically the LTAC has awarded 80% of the LTAC revenue and placed 20% in to reserves. The LTAC met on December 11, 2020 to review applications and develop a recommendation.
The Committee agreed to forward the following recommendations to City Council for consideration:
1. Capital Lakefair - $8,000
2. Hands On Children's Museum - $66,497
3. South Sound Maritime Heritage Association - $30,000
4. Harlequin Productions - $60,000
5. Lake Run Organization - $5,000
6. Olympia Film Society - $30,000
7. Olympia & Beyond Sports Commission/VCB - $15,000
8. Olympic...
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