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LT-2018-004-Jazz in the Valley
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2018-01-16 10:00 AM - Commissioners' Agenda
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LT-2018-004-Jazz in the Valley
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Last modified
1/16/2018 3:00:31 PM
Creation date
1/16/2018 9:08:47 AM
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Meeting
Date
1/16/2018
Meeting title
Commissioners' Agenda
Location
Commissioners' Auditorium
Address
205 West 5th Room 109 - Ellensburg
Meeting type
Regular
Meeting document type
Supporting documentation
Supplemental fields
Alpha Order
u
Item
Request to Approve the 2018 Lodging Tax Agreements
Order
21
Placement
Consent Agenda
Row ID
41806
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Supporting Documents You nay upload any supporting docurrents such as graphs, irrages, diagrams, marketing materials, etc. <br />Exhibit A - ticket Accounting 2017.pdf 377.16KB <br />Exhibit B.pdf 465.23KB <br />You are allowed to subrrit up to 3 single page (US Letter) documents in JFG, FDF or TFF format <br />71 Previous Lodging Tax Grant Information <br />Previous Years 1 -hs your event received Lodging Tax funds in previous years? <br />Awarded Lodging Tax r No, this event/project has not previously received Lodging Tax Funding, <br />Grants* r Yes, 1 year previous <br />r Yes, 2 years previous <br />G Yes, 3 or more years previous <br />How many participants and spectators attended last year's activity and/or will attend <br />this year? <br />Prior Year* <br />2,777 <br />Projected * <br />2,800 <br />How many days did/will your event occur? <br />Prior Year* <br />3 <br />Projected <br />3 <br />How many paid overnight stays were and/or will be booked as a result of your <br />project/event? <br />Prior Year* Projected <br />605 600 <br />Paid Overnights' Data Support <br />Explain how the room nights data above from the prior year was collected and how the projection for the next year is <br />derived. (For example, if there was a survey conducted for the prior year, explain the methodology. For the projections, <br />what are they based upon and how is that basis justified?) <br />Prior Year Paid 11 motels, two campgrounds and one B&B were contacted. They reported <br />Overnight's Stay estimated rooms/accommodations for attendees of our Festival <br />Response* <br />Last year: ADR (Average daily rate) _ $119.59 for overnight stays (Dean Runyan <br />Associates) <br />605 x 119.59 = 72351.95 <br />72351.95 = 9000 = 8 % ... the return on in the investment is 8 to 1 <br />If next year's projections are reached (assuming the same daily rate): <br />600 x 119.59 = 71754 <br />71754 = 10000 = 7.2% ... the return on in the investment is over 7 to 1 <br />2500 character linit. <br />Prior Year Paid In addition to field above, you rray upload the evidence to support the prior years' roorrinight inforrration. <br />Overnight Stay Data You nay upload up to three single pages (LS Letter), of inforrration. If you a single rrufti-page docurrent, only the first <br />three pages will be considered. The following fornats, will be accepted: JFG, FDF or TIFF <br />Application Questions: Part 5 �^t <br />
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