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City of HMB Discusses The BID: Business Improvement District and Loss of TOT Transient Occupancy Tax

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VIDEO. TOT is the lifeblood of HMB. The BID can help. Presented at 5/19/2020 City of Half Moon Bay’s City Council meeting.

City Half Moon Bay Staff Report of BID ~  CLICK to read more

RECOMMENDATION: By motion:

1) approve the Half Moon Bay Hotel Business Improvement District Annual Report for 2019;

2) adopt a resolution declaring the City’s intention to continue the Half Moon Bay Hotel Business Improvement District, to continue the basis and to levy the assessment for the District, and to set a date (June 16, 2020) for the public hearing on the District and the assessment for FY 2020-21; and

3) consider a $40,000 funding request to be included in the FY 2020-21 Recommended Budget.

BACKGROUND: Transient Occupancy Tax (TOT) is historically the City’s single highest revenue source, accounting for approximately 40 percent of the annual operating budget. TOT revenue typically grows year-over-year, and in recent years has been over $6 million annually. TOT taxes are collected from hotels, bed and breakfasts, inns, RV Parks, campgrounds and short-term vacation rentals. Hotels are the largest contributor, providing approximately 95 percent of TOT collections.

 

BID Annual Report 2019 ~ CLICK for whole report

MISSION The assessment levied by the Business Improvement District shall be used to promote lodging within the district and administer marketing programs that increase overnight lodging.

BOARD OF DIRECTORS

  • Chair Dana Dahl, Beach House Half Moon Bay
  • Vice Chair David Vipond, Nantucket Whale Inn
  • Treasurer Keith Wesselman, Half Moon Bay Lodge.

 

BID Presentation and HMB City Council Discussion:

 

 

 

The New Now ~ Virtual Remote Public Agency Meetings

Watch streaming, or the Pacifica Coast TV video, that we will post. Stay tuned!
The meeting will be held at the Adcock Community Center for any members of the public who wish to speak in person, though we do encourage all members to participate remotely.
The meeting will be:
Members or the public are welcome to submit comments (in accordance with the three-minute per speaker limit) via email to [email protected] prior to or during the meeting, via Facebook live during the meeting, and via two phone lines during the meeting – (650) 477-4963 (English) and (650) 445-3090 (Spanish).
The City Clerk will read all comments into the record.

HMB City Council Agendas

HMB City Calendar

Contact Us

    1. Adam Eisen

      Mayor
      [email protected]
      Phone: 650-726-8250 (leave message with Clerk’s office)

    2. Robert Brownstone

      Vice Mayor
      [email protected]
      Phone: 650-726-8250 (leave message with Clerk’s office)

    3. Deborah Penrose

      Council Member
      [email protected]
      Phone: 650-726-8250 (leave message with Clerk’s office)

    4. Debbie Ruddock

      Council Member
      [email protected]
      Phone: 650-726

    5. Harvey Rarback

      Council Member
      [email protected]
      Phone: 650-726-8250 (leave message with Clerk’s office)

 

 

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