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LT2018-004 Jazz in the Valley
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2018-01-16 10:00 AM - Commissioners' Agenda
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LT2018-004 Jazz in the Valley
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Last modified
6/13/2018 12:39:21 PM
Creation date
6/13/2018 12:37:48 PM
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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
Fully Executed Version
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 ITBY upload any s~porting docurrents such as graphs, irrages, diagram;, rrarketing rraterials, etc . <br />Exhibit A-ticket Accounting 2017 .pdf <br />Exhibit B.pdf <br />You are allowed to subrrit up to 3 single page (LB Letter) docurrents in JR3, i=a= or 11FFforrrat <br />377 .16KB <br />465.23KB <br />71 Previous Lodging Tax Grant Information <br />Previous Years I-a s you r event received Lodg ing Tax f unds in previous years? <br />Awarded Lodging Tax O No , this event/project has not previou sly received Lodging Tax Funding . <br />Grants* 0 Yes, 1 year previo us <br />0 Ye s, 2 years previous <br />@ Yes, 3 or more years previo us <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* <br />605 <br />Projected* <br />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 <br />Overnight's Stay <br />Response* <br />Prior Year Paid <br />Overnight Stay Data <br />11 motels, tv;o campgrounds and one B&B were contacted. Th ey report ed <br />estimated rooms/a ccommodations for attendees of our Festival <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 r eturn on in the investment is ove r 7 to 1 <br />2500 character linit. <br />i1 addition to field above, you rmy upload the evidence to support the pr ior years' room'n ight inforrmtion. <br />You rmy upload up to three single pages (LIS Letter), of inforrmtion. W you a single rrult~page docurrent, only the first <br />three pages will be considered. The following forrmts, will be accepted: JFG, i=a= or 11FF <br />Application Questions: Part 5 ------------------------
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