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Minutes - 12/01/2005 - Hotel Convention and Visitors CommitteeMINUTES OF THE DECEMBER 1, 2005 OAK BROOK HOTEL, CONVENTION AND VISITORS COMMITTEE OF THE VILLAGE OF OAK BROOK UNOFFICIAL UNTIL APPROVED AS WRITTEN OR AS AMENDED ON JANUARY 12, 2006. 1. CALL TO ORDER: The Oak Brook Hotel, Convention & Visitors Committee of the Village of Oak Brook was called to order by Julie Coker in the Upper Level Conference Room of the Butler Government Center at 2:07 p.m. 2. ROLL CALL: Manager Boehm called the roll with the following persons PRESENT: Julie Coker, Dieter Heigl, Michael Newman, Ted Selogie and Michael Yaneck. Tracy Mulqueen arrived at 2:11 p.m. ABSENT: Chuck Fleming, Ralph Maxson and Heather Wehling IN ATTENDANCE: Richard Boehm, Village Manager; Margaret Rimbo, Administrative Assistant; Kerry Schlaack, Hyatt Hotels; Beth Marchetti, DuPage Convention and Visitors Bureau; and Darrell Langlois, Finance Director for the Village of Oak Brook. 3. APPROVAL OF MINUTES: November 3, 2005 Moved by Michael Newman, seconded by Ted Selogie to approve the minutes of November 3, 2005 as presented. Motion passed 5 -0. Minutes approved 4. UNFINISHED BUSINESS A. 2006 Marketing Plan Discussion and Approval The Committee reviewed the materials provided by Manager Boehm including historical hotel tax receipts data, 2006 revenue projections and budget information. Discussion regarding the Hotel /Motel Tax Fund balance reserve ensued. Finance Director Langlois presented a review of the cash reserve and history of how these funds have been used over the last few years to supplement the marketing campaigns. Expenditures in the fund were reviewed; these included the annual marketing campaign costs, the quarterly release of 20% of the 1% hotel tax receipts to DCVB, the Village's website design and maintenance costs, and transfer costs. Factoring out timing issues, Director Langlois estimated an un- obligated $161,000 cash reserve at the end of 2006. VILLAGE OF OAK BROOK Minutes Page 1 of 3 December 1, 2005 E It was the consensus of the Committee members that hotel tax receipts projections for 2006, as presented in the Village's draft budget, were low. With an anticipated higher tax receipts projection, the Committee feels the cash reserves will be less affected and that waiting for second quarter 2006 hotel tax receipts data to be available would be too late for Point B to capture the relevant summer and winter media vehicles necessary for an adequate campaign It was thereby the consensus of the Committee to recommend that the 2006 marketing campaign expenditures for Point B Communications remain the same as last year in the amount of $300,000.00. Manager Boehm will bring this item to the Village Board at its December 13, 2005 meeting. He will also contact Point B and advise them of the Committee's recommendation. Moved by Ted Selogie, seconded by Dieter Heigl to recommend to the Village Board the approval of a 2006 Hotels of Oak Brook Marketing Plan prepared by Point B Communications in the amount of $300,000.00. Motion passed 6 -0. B. Discussion Regarding Municipal Hotel Tax; Rate; and Use The Committee members agreed that hotels forecast higher revenues for 2006 and do not want to consider raising the municipal hotel tax rate. Moved by Ted Selogie, seconded by Dieter Heigl, not to recommend raising the current 1% tax rate. Motion passed 6 -0. NEW BUSINESS 6. OTHER BUSINESS: A. Change in Hotel Committee Meeting Date and Time Michael Newman suggested that the Committee meet in the morning rather than in the afternoon. It was the consensus of the Committee to change the dates of the hotel meetings, beginning in 2006, to the second Thursday, every other month, and change the time to 9:00 a.m. Margaret Rimbo will send out a list of the dates for 2006. Motion by Ted Selogie, seconded by Mike Newman, to change the meetings to the second Thursday of every other month, beginning in January, at 9:00 a.m. Motion passed. VILLAGE OF OAK BROOK Minutes Page 2 of 3 December 1, 2005 7. ADJOURNMENT: Motion by Ted Selogie, seconded by Michael Newman, to adjourn the regular Meeting of the Hotel Committee at 3:17 p.m. ATTEST: 2 /C�.ffo -- ee:-� Richard B. Boehm Village Manager Date VILLAGE OF OAK BROOK Minutes Page 3 of 3 December 1, 2005