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HomeMy WebLinkAboutC-8132-6 - Grant Agreement - Council Grant FY 20-21N QJ AMENDMENT NO. ONE TO GRANT AGREEMENT BETWEEN THE CITY OF NEWPORT BEACH AND BVMA INC. THIS AMENDMENT NO. ONE TO GRANT AGREEMENT ("Amendment No. One") is made and entered into as of this 22nd day of June, 2021 ("Effective Date"), by and between the CITY OF NEWPORT BEACH, a California municipal corporation and charter city ("City"), and BVMA INC., a California nonprofit corporation ("Grantee"), whose address is 2865 East Coast Highway, Suite 360, Corona del Mar, CA 92625. City and Grantee are at times individually referred to as "Party" and collectively as "Parties" herein. RECITALS A. On August 19, 2020, City and Grantee entered into a Grant Agreement ("Agreement") for COVID-19 Economic Relief Funding Support. B. The parties desire to enter into this Amendment No. One to reflect additional Services not included in the Agreement, to extend the term of the Agreement to December 31, 2021. NOW, THEREFORE, it is mutually agreed by and between the undersigned parties as follows: 1. TERM Section 2 of the Agreement is amended in its entirety and replaced with the following: "The term of this Agreement shall commence on the Effective Date, and shall terminate on December 31, 2021, unless terminated earlier as set forth herein." 2. GRANT PROPOSAL Exhibit A to the Agreement shall be amended in its entirety and replaced to include the Grant Proposal, attached hereto as Exhibit A and incorporated herein by reference ("Grant Proposal"). 3. INTEGRATED CONTRACT Except as expressly modified herein, all other provisions, terms, and covenants set forth in the Agreement shall remain unchanged and shall be in full force and effect. [SIGNATURES ON NEXT PAGE] IN WITNESS WHEREOF, the parties have caused this Amendment No. One to be executed on the dates written below. APPROVED AS TO FORM: CITY ATTON/EY'S OFFICE Date:-- 1�Zf CITY OF NEWPORT BEACH, a California municipal corporation Date: JUN 2 3 2021 By: JL �- . By: Aaron C. Harp \Aa\ Gr e . Leung City Attorney d o� Ci anager ATTEST- Date:— By:­�iA%i /j , [� �• :. City Clerk CONSULTANT: BVMA, INC., a California nonprofit corporation. Date: Signed in Counterpart By: Kelly Carlson Chief Executive Officer Date: Signed in Counterpart m Coleen Dialuisio Secretary [END OF SIGNATURES] Attachments- Exhibit A – Grant Proposal BVMA Inc. Page 2 IN WITNESS WHEREOF, the parties have caused this Amendment No. One to be executed on the dates written below. APPROVED AS TO FORM: CITY ATTO NEY'S OFFICE Date: 6 By: --- Aaron C. Harp `�a� City Attorney d-° ATTEST: Date: Leilani I. Brown City Clerk Attachments CITY OF NEWPORT BEACH, a California municipal corporation Date: Grace K. Leung City Manager CONSULTANT: BVMA, INC., a California nonprofit corporation. Date: 0.1 jD f I Z0 y ] By- elly a Ison Chief ecutive Officer Date: d BYAd/L�� Coleen Dialuisio Secretary [END OF SIGNATURES] Exhibit A — Grant Proposal BVMA Inc. Page 2 EXHIBIT A GRANT PROPOSAL BVMA Inc. Page A-1 COVID-19 Economic Recovery Marketing Plan: Communications, Events and Marketing / Public Relations BVMA, Inc. will continue to promote Balboa Village businesses and encourage locals and visitors to shop and dine in the Village utilizing a combination of public relations and marketing strategies, and utilizing communication tools and marketing channels such as the BVMA's new website, social media and digital advertising. Specific marketing uses of the COVID-19 Relief Funding will include: Expense Description Budgeted Expense Advertising (Print) $7,000 Advertising (Digital) $4,500 Website Management & Development $6,300 Social Media Management $4,700 Videography & Photography Management $13,100 Christmas Decorations $4,400 Total $40,000 GRANT AGREEMENT BETWEEN THE CITY OF NEWPORT BEACH AND BVMA INC. This Grant Agreement ("Agreement") is entered into this 19th day of August, 2020 ("Effective Date"), by and between the City of Newport Beach, a California municipal corporation and Charter City ("City"), and BVMA INC., a California nonprofit corporation located at 2865 East Coast Highway, Suite 360, Corona del Mar, CA 92625 ("Grantee"). City and Grantee are at times individually referred to as "Party" and collectively as "Parties" herein. RECITALS A. It is the policy of the City Council that the City's budget specifically allows the City Council to direct revenue towards non-profit agencies, community groups, community events, or enhancement projects with worthy projects or programs which the City Council deems beneficial to the residents' quality of life. B. Grantee requested a grant from the City for COVID-19 Economic Relief Funding Support ("Grant Proposal"). C. On June 23, 2020, the City Council determined the Grant Proposal is for a worthy project that will benefit the City's residents' quality of life. D. The City Council approved a grant in the amount of Forty Thousand Dollars and 00/100 ($40,000.00) ("Grant Funds") to Grantee pursuant to certain conditions regarding expenditure, reporting, and accounting requirements. NOW, THEREFORE, the Parties agree as follows: 1. GRANT 1.1. City awards to Grantee Grant Funds in the amount of Forty Thousand Dollars and 00/100 ($40,000.00) as requested by Grantee in the Grant Proposal attached hereto as Exhibit A and incorporated herein by reference, or such other amount as authorized by the City Council. 1.2. Grant Funds shall be disbursed by City to Grantee as follows: ® At the time of execution of this Agreement. 2. TERM The term of this Agreement shall commence on the Effective Date and shall continue in full force and effect until June 30, 2021, unless terminated earlier as provided herein. BVMA INC. Page 1 3. RESTRICTIONS ON USE OF FUNDS AND OTHER REQUIREMENTS RELATED TO THE RECEIPT OF GRANT FUNDS 3.1. The Grant Funds are subject to the following expenditure conditions ("Approved Uses"): 3.1.1. The Grant Funds shall be expended solely for the purposes provided in Exhibit A; 3.1.2. The Grant Funds shall not be used for any activity that would violate City, state or federal statutory or decisional law such as regulations affecting non-profit or tax exempt organizations exempt from taxation pursuant to Section 501(c)(3) of the Internal Revenue Code; and 3.2. Grantee further warrants to City that the Grant Funds will be spent solely for the Approved Uses and the Grant Funds shall be used by Grantee during this Agreement's term otherwise the Grant Funds shall be returned to City, as provided in Section 5 below. 3.3. Grantee shall conduct background checks for all of its volunteers and employees who work with minor children in relation to any project described in Grantee's Grant Proposal. To the extent applicable, Grantee shall provide the City certification that it has complied with this requirement prior to the receipt of Grant Funds. 4. REPORTING AND ACCOUNTING REQUIREMENTS 4.1. At all times during the term of this Agreement, Grantee shall maintain true, proper, and complete books, records, and accounts (collectively, "Books and Records") in which shall be entered fully and accurately all transactions taken with respect to the operations of Grantee under the Grant Proposal and the expenditure of the Grant Funds. Grantee shall maintain the Books and Records in accordance with Generally Accepted Accounting Principles. Grantee shall make available to City such Books and Records upon City's request. 4.2. If the Grantee has been audited by an independent auditor or has been the subject of a compliance audit/examination by a grantee or regulatory agency during the past three years, audit reports and management letters indicating compliance violations, fraud, illegal acts, material weaknesses in internal control structure or reportable conditions, in connection with such audits shall be delivered to the City thirty (30) days prior to the effective date of this agreement. If no audits or events as described above have occurred during this period, the Grantee shall provide City a written assertion that no audits or similar examinations have occurred during the three (3) year period and an assertion that the Grantee is not aware of any events or conditions, described above, or other information that might reasonable impact City's decision to fund the grant as requested. 4.3. City reserves the right to designate its own employee representative(s) or its contracted representative(s) with a Certified Public Accounting firm who shall have the BVMA INC. Page 2 right to audit Grantee's accounting procedures and internal controls of Grantee's financial systems as they relate to the Grant Proposal and to examine any cost, revenue, payment, claim, other records or supporting documentation resulting from any items set forth in this Agreement. Any such audit(s) shall be undertaken by City or its representative(s) at mutually agreed upon reasonable times and in conformance with generally accepted auditing standards. Grantee agrees to fully cooperate with any such audit(s). 4.4. This right to audit shall extend during the length of this Agreement and for a period of three (3) years or longer, if required by law, following the date of any Grant Funds tendered under this Agreement. Grantee agrees to retain all necessary records/documentation for the entire length of this audit period. 4.5. Grantee shall, upon conclusion of the event, furnish the City with a Balance Sheet and Income Statement describing the receipt and disbursement activities of Grantee with respect to the Grant Funds. In its sole and absolute discretion, the City may also require Grantee to submit: (i) quarterly check registers and descriptions of each disbursement; (ii) budget -to -actual -results; and (iii) a statement of position describing the assets and liabilities associated with the Grant event. All reports, including a post -event evaluation, shall be due to the City no later than forty-five (45) days following the conclusion of the event. In the event that an independent audit is conducted, Grantee shall forward a copy of the audited report to the City for review, including any Management Letter, Report on Internal Controls, or Reportable Conditions letter generated during the course of the audit. 4.6. Grantee agrees to exercise prudent financial management processes including proper oversight of all assets, budget preparation, and timely reporting including budget - to -actual -comparisons. 4.7. All Approved Uses shall be performed by Grantee or under Grantee's supervision. Grantee represents that it possesses the professional and technical skills required to perform the services required by this Agreement, and that it will perform all services with a standard of care and in a manner commensurate with the community professional standards and with the ordinary degree of skill and care that would be used by other reasonably competent practitioners of the same discipline under similar circumstances. 4.8. If Grantee has supported Political Action Committees(s) (PACs) during the past three (3) years, the Grantee shall hire an independent auditor to perform limited, agreed- upon testwork procedures to provide City assurance that City sponsored event profits did not subsidize the funding of Political Action Committees (PACs) and event proceeds were adequately segregated from funds used to support PACs. Agreed upon procedures may include a review of a detail list of the past three (3) years of PAC contributions and expenditures, including: a. An identifying donor number, date and amount of each reported contribution; and b. A detail of expenditures sufficient enough to determine that the expenditures were solely for PAC -related expenses; and BVMA INC. Page 3 c. Any retained earnings or fund balance at the end of each fiscal year. Substantive documentation for the contribution and expenditure should be available upon request. City shall approve the agreed-upon testwork procedures prior to the commencement of fieldwork. 5. USE OF GRANT FUNDS 5.1. The Grant Funds shall be used solely by Grantee for the Approved Uses and for no other use. In the event that the Grant Funds are not used for the Approved Uses or are not expended by or before June 30, 2021, Grantee shall notify the City in writing, and shall be obligated to return the Grant Funds to City within thirty (30) days. 5.2. The City's grant contribution shall only be used for non -secular purposes. Grantees shall not use the City's grant contribution, or any portion thereof, for any purpose that violates local, state, or federal law, including, but not limited to, the Establishment Clause. 6. INDEMNIFICATION 6.1. To the fullest extent permitted by law, Grantee shall indemnify, defend and hold harmless City, its City Council, boards and commissions, officers, agents, volunteers, and employees (collectively, the "Indemnified Parties") from and against any and all claims (including, without limitation, claims for bodily injury, death or damage to property), demands, obligations, damages, actions, causes of action, suits, losses, judgments, fines, penalties, liabilities, costs and expenses (including, without limitation, attorney's fees, disbursements and court costs) of every kind and nature whatsoever (individually, a Claim; collectively, "Claims"), which may arise from or in any manner relate (directly or indirectly) to this Agreement (including the negligent and/or willful acts, errors and/or omissions of Grantee, its principals, officers, agents, employees, vendors, suppliers, consultants, subcontractors, anyone employed directly or indirectly by any of them or for whose acts they may be liable or any or all of them). 6.2. Notwithstanding the foregoing, nothing herein shall be construed to require Grantee to indemnify the Indemnified Parties from any Claim arising from the sole negligence or willful misconduct of the Indemnified Parties. Nothing in this indemnity shall be construed as authorizing any award of attorney's fees in any action on or to enforce the terms of this Agreement. This indemnity shall apply to all claims and liability regardless of whether any insurance policies are applicable. The policy limits do not act as a limitation upon the amount of indemnification to be provided by Grantee. 7. GRANTEE INDEPENDENCE In the performance of this Agreement, the Grantee, and the agents and employees of Grantee, shall act in an independent capacity and are not officers, employees or agents of the City. The manner and means of performing the Approved Uses are under the control of Grantee, except to the extent they are limited by statute, rule or regulation and the expressed terms of this Agreement. Nothing in this Agreement shall be deemed to BVMA INC. Page 4 constitute approval for Grantee or any of Grantee's employees or agents, to be the agents or employees of City. Grantee shall have the responsibility for and control over the means of performing the Approved Uses, provided that Grantee is in compliance with the terms of this Agreement. Anything in this Agreement that may appear to give City the right to direct Grantee as to the details of the performance or to exercise a measure of control over Grantee shall mean only that Grantee shall follow the desires of City with respect to the results of the Approved Uses. 8. PROHIBITION AGAINST TRANSFERS Grantee shall not assign, sublease, hypothecate or transfer this Agreement or any of the services to be performed under this Agreement, directly or indirectly, by operation of law or otherwise without prior written consent of City. Any attempt to do so without written consent of City shall be null and void. 9. NOTICES 9.1. All notices, demands, requests or approvals to be given under this Agreement shall be given in writing and conclusively shall be deemed served when delivered personally or on the third business day after the deposit thereof in the United States mail, postage prepaid, first class mail, addressed as hereinafter provided. 9.2. All notices, demands, requests or approvals from Grantee to City shall be addressed to the City at: Attn: City Manager City of Newport Beach 100 Civic Center Drive P.O. Box 1768 Newport Beach, CA 92658-8915 9.3. All notices, demands, requests or approvals from City to Grantee shall be addressed to Grantee at: Attn: Kelly Carlson BVMA INC. 2865 East Coast Highway, Suite 360 Corona del Mar, CA 92625 10. TERMINATION 10.1. Termination for Cause. Grantee shall be in default if Grantee fails or refuses to perform any duty required by the Agreement or performs in a manner inconsistent with the terms, conditions and restrictions in this Agreement. In such event, City shall give Grantee, thirty (30) days written notice to cure, if the default can be cured and City shall be entitled to terminate this Agreement if Grantee has not cured the default within the thirty (30) day cure period. City shall be entitled to immediately terminate this Agreement if the default cannot be cured through corrective action. If terminated for cause, Grant BVMA INC. Page 5 Funds shall be returned to the City pursuant to Section 5. This Agreement is made on an annual basis, and as such is subject to non -renewal at its termination. 10.2. Termination without Cause. City may terminate this Agreement at any time with or without cause upon seven (7) days written notice to Grantee, any remaining Grant Funds in Grantee's possession at the time of termination shall be returned to City pursuant to Section 5. 10.3. Specific Performance. Grantee agrees that the City has the legal right, and all necessary conditions have been satisfied, to specifically enforce Grantee's obligations pursuant to this Agreement. 11. STANDARD PROVISIONS 11.1. Recitals. City and Grantee acknowledge that the above Recitals are true and correct and are hereby incorporated by reference into this Agreement. 11.2. Compliance With all Laws. Grantee shall at its own cost and expense comply with all statutes, ordinances, regulations and requirements of all governmental entities, including federal, state, county or municipal, whether now in force or hereinafter enacted. 11.3. Waiver. A waiver by either Party of any breach, of any term, covenant or condition contained herein shall not be deemed to be a waiver of any subsequent breach of the same or any other term, covenant or condition contained herein, whether of the same or a different character. 11.4. Integrated Contract. This Agreement represents the full and complete understanding of every kind or nature whatsoever between the parties hereto, and all preliminary negotiations and agreements of whatsoever kind or nature are merged herein. No verbal agreement or implied covenant shall be held to vary the provisions herein. 11.5. Conflicts or Inconsistencies. In the event there are any conflicts or inconsistencies between this Agreement and the Grant Proposal or any other attachments attached hereto, the terms of this Agreement shall govern. 11.6. Interpretation. The terms of this Agreement shall be construed in accordance with the meaning of the language used and shall not be construed for or against either party by reason of the authorship of the Agreement or any other rule of construction which might otherwise apply. 11.7. Amendments. This Agreement may be modified or amended only by a written document executed by both Grantee and City and approved as to form by the City Attorney. 11.8. Severability. If any term or portion of this Agreement is held to be invalid, illegal, or otherwise unenforceable by a court of competent jurisdiction, the remaining provisions of this Agreement shall continue in full force and effect. 11.9. Controlling Law And Venue. The laws of the State of California shall govern this Agreement and all matters relating to it and any action brought relating to this BVMA INC. Page 6 Agreement shall be adjudicated in a court of competent jurisdiction in the County of Orange, State of California. 11.10. Equal Opportunity Employment. Grantee represents that it is an equal opportunity employer and it shall not discriminate against any contractor, employee or applicant for employment because of race, religion, color, national origin, handicap, ancestry, sex or age or any other impermissible basis under law. 11.11. No Attorney's Fees. In the event of any dispute or legal action arising under this Agreement, the prevailing party shall not be entitled to attorney's fees. 11.12. Counterparts. This Agreement may be executed in two (2) or more counterparts, each of which shall be deemed an original and all of which together shall constitute one and the same instrument. [SIGNATURES ON NEXT PAGE] BVMA INC. Page 7 IN WITNESS WHEREOF, the Parties have caused this Agreement to be executed on the dates written below. APPROVED AS TO FORM: CITY ATTORNEY'S OFFICE Date: 2,0 Z'-) By: ( 4lc ;,G,.L.__ o f Aaron C. Harp City Attorney ATTEST: Date: q-30 -ug.,6 By: Leilani I. Brown; City Clerkc� Vis.-).,,, Attachment: Exhibit A: Grant Proposal CITY OF NEWPORT BEACH, A California municipal corporation Date: 61-d l - ZD B#iManager [i K. Leung GRANTEE: BVMA INC., a California nonprofit corporation Date: By: NAOfAlIv— K, y Carl n Chief Exp tive Officer Datel I � 51 lam' o 2t) I� By: Coleen Dialuisio Secretary [END OF SIGNATURES] BVMA INC. Page 8 Exhibit A BVMA INC. Page A-1 2020-2021 BALBOA VILLAGE MERCHANTS ASSOCIATION COVID-19 ECONOMIC RECOVERY MARKETING PLAN JUNE 2020 V) 2020-2021 BALBOA VILLAGE MARKETING PLAN TABLE OF CONTENTS NEXT YEAR: FY 2020-21 BALBOA VILLAGE RECOVERY MARKETING PLAN & BUDGET PAGE 4 FY 2020-21 BALBOA VILLAGE COVID-19 ECONOMIC RECOVERY MARKETING PLAN PAGE 20 FY 2020-21 BALBOA VILLAGE COVID-19 RECOVERY MARKETING PLAN BUDGET CURRENT YEAR: FY 2019-20 ACOMPLISHMENTS & FINANCIAL STATEMENTS PAGE 23 FY 2019-20 BALBOA VILLAGE MERCHANTS ACCOMPLISHMENTS PAGE 27 FY 2019-20 BALBOA VILLAGE MERCHANTS PROFIT & LOSS STATEMENT PAGE 27 FY 2019-20 BALBOA VILLAGE MERCHANTS BALANCE SHEET OF CURRENT ASSETS I L.Bo� NL.V��Pn1 & COMPANY �1LM V) 2020-2021 BALBOA VILLAGE MARKETING PLAN TABLE OF CONTENTS NEXT YEAR: FY 2020-21 BALBOA VILLAGE RECOVERY MARKETING PLAN & BUDGET PAGE 4 FY 2020-21 BALBOA VILLAGE COVID-19 ECONOMIC RECOVERY MARKETING PLAN PAGE 20 FY 2020-21 BALBOA VILLAGE COVID-19 RECOVERY MARKETING PLAN BUDGET CURRENT YEAR: FY 2019-20 ACOMPLISHMENTS & FINANCIAL STATEMENTS PAGE 23 FY 2019-20 BALBOA VILLAGE MERCHANTS ACCOMPLISHMENTS PAGE 27 FY 2019-20 BALBOA VILLAGE MERCHANTS PROFIT & LOSS STATEMENT PAGE 27 FY 2019-20 BALBOA VILLAGE MERCHANTS BALANCE SHEET OF CURRENT ASSETS I BALBOA VILLAGE MERCHANTS ASSOCIATION INTRODUCTION JOURNEY WELL BEYOND V> 2020-2021 BALBOA VILLAGE MARKETING PLAN INTRODUCTION DEAR MAYOR O'NEILL AND CITY COUNCIL MEMBERS, ON BEHALF OF THE BOARD OF DIRECTORS FOR THE BALBOA VILLAGE MERCHANTS ASSOCIATION, I WOULD LIKE TO THANK THE CITY COUNCIL FOR ITS COMBINED 21 YEARS OF SUPPORT OF THE BALBOA VILLAGE BID STARTING IN 1999 AND THE BALBOA VILLAGE MERCHANTS ASSOCIATION STARTING IN 2013. WE LOOK FORWARD TO DEDICATING OUR TIME AND EFFORT TOWARD THE BALBOA VILLAGE MERCHANTS ASSOCIATION'S FY 2020-2021 GOALS AND PRIORITIES AND TO ENSURING A PROSPEROUS RECOVERY FOR BALBOA VILLAGE FROM THE CURRENT CRISIS. WITH THE SUPPORT OF NEWPORT BEACH & COMPANY, WE PRESENT THIS COVID-19 ECONOMIC RECOVERY MARKETING PLAN AND BUDGET TO ASSIST THE MORE THAN 50 BALBOA VILLAGE BUSINESSES AND RESTAURANTS WITH MUCH NEEDED MARKETING SUPPORT TO DRIVE RECOVERY EFFORTS FOR OUR LOCAL ECONOMY. ON BEHALF OF THE BALBOA VILLAGE MERCHANTS ASSOCIATION, WE GREATLY APPRECIATE THE CITY COUNCIL'S SUPPORT OF BALBOA VILLAGE, AND WE LOOK FORWARD TO SHOWCASING THE LOCAL BALBOA VILLAGE COMMUNITY, INCREASING DINER FREQUENCY AND GENERATING INCREMENTAL MERCHANT SALES DURING THIS DIFFICULT RECOVERY PERIOD. THANK YOU IN ADVANCE. SINCERELY, KELLY CARLSON BVMA BOARD PRESIDENT OWNER BALBOA WATER SPORTS OWNER BALBOA BEACH & BICYCLE BOUTIQUE BALBOA PENINSULA HOMEOWNER K BALBOA VILLAGE MERCHANTS ASSOCIATION COVI D-19 ECONOMIC RECOVERY MARKETING PLAN JOURNEY WELL BEYOND V� 2020-2021 BALBOA VILLAGE MARKETING PLAN BALBOA VILLAGE MERCHANTS ASSOCIATION COVID-19 ECONOMIC RECOVERY PLAN OBJECTIVES 1. DRIVE INCREMENTAL CUSTOMERS, SPENDING AND REVENUE TO BALBOA VILLAGE MERCHANTS TO ASSIST WITH ECONOMIC AND FINANCIAL COVID-19 RECOVERY EFFORTS. 2. PROMOTE BALBOA VILLAGE AND SHOWCASE ALL BALBOA VILLAGE MERCHANTS TO INCREASE DINER FREQUENCY, GENERATE MERCHANT RETAIL SALES AND INCREASE MERCHANTS' BRAND AWARENESS. 3. DESIGN CAMPAIGNS AND PROMOTIONS TO DRIVE THE RIGHT VISITOR/RESIDENT DURING THE RIGHT SLOW PERIOD WITH THE RIGHT MESSAGE/MOTIVATOR WITH THE RIGHT MARKETING CHANNEL. 4. INCREASE AWARENESS OF THE BALBOA VILLAGE BRAND AND ITS MERCHANTS AS A TOP CULINARY, RETAIL AND ATTRACTION DESTINATION. 5. FOSTER THE BALBOA VILLAGE MERCHANT COMMUNITY TO INCREASE STAKEHOLDER ENGAGEMENT, WHICH WILL INCLUDE NEW, INCREASED SAFETY AND HEALTH COMMUNICATIONS TO RESTAURANTS AND MERCHANTS AS A RESPONSE TO THE COVID-19 PANDEMIC. 6. PROVIDE EXEMPLARY MARKETING, ADMINISTRATION & FINANCE SERVICES TO BALBOA VILLAGE MERCHANTS ASSOCIATION AND ITS MERCHANT STAKEHOLDERS. 5 b2020-2021 BALBOA VILLAGE MARKETING PLAN BALBOA VILLAGE MERCHANTS ASSOCIATION COVID-19 ECONOMIC RECOVERY PLAN `BEST OF BALBOA' UNIQUE PARTNERSHIP BALBOA ISLAND & BALBOA VILLAGE NEWPORT BEACH'S MOST HISTORIC NEIGHBORHOODS-BALBOA ISLAND AND BALBOA VILLAGE -FACE SIMILAR ISSUES, SLOW SEASONS AND OPPORTUNITIES FOR GROWTH AND RECOVERY. BOTH ASSOCIATION PRESIDENTS RECOGNIZE THE POWERFUL MARKETING OPPORTUNITY. THIS STRATEGIC MARKETING PROGRAM IS AIMED AT DRIVING TRAFFIC AND SALES TO THE MERCHANT MEMBERS OF BOTH BIMA, INC. + BVMA THROUGH A DYNAMIC, MULTIFACETED YEAR-LONG CAMPAIGN DESIGNED TO APPEAL TO VISITORS AND LOCALS. THE PROGRAM LINKS BALBOA VILLAGE AND BALBOA ISLAND VIA THE FERRY TO CREATE THE MOST POWERFUL APPEAL TO CONSUMERS, GIVING THEM EVEN MORE REASONS TO VISIT, SHOP, DINE, STAY AND PLAY IN BOTH NEIGHBORHOODS. PARTNERSHIP ADVANTAGES: �p,LBO ��LBp9 • SIMILAR ISSUES/SLOW SEASONS/OPPORTUNITIES • 17 STRENGTH IN NUMBERS • MORE BANG FOR YOUR BUCK BY POOLING RESOURCES 1 • STREAMLINES MARKETING & MESSAGING r�, ° • COORDINATES MEDIA PLANS AND MEDIA BUYS TO PREVENT OVERLAP LAS j B J) 2020-2021 BALBOA VILLAGE MARKETING PLAN BALBOA VILLAGE MERCHANTS ASSOCIATION COVID-19 ECONOMIC RECOVERY PLAN `BEST OF BALBOA' UNIQUE PARTNERSHIP BALBOA ISLAND & BALBOA VILLAGE THEME: `BEST OF BALBOA' THIS THEME CAPTURES EXACTLY WHAT BVMA + BIMA REPRESENT - THE MOST UNIQUE SHOPPING, DINING, RECREATION AND LODGING OPTIONS IN THE WORLD-FAMOUS BALBOA VILLAGE AND BALBOA ISLAND DISTRICTS! THE "BEST OF" CONCEPT IS ONE THAT IS WELL-RECOGNIZED AND HIGHLY REGARDED AMONG CONSUMERS, CONVEYING AN EXPERIENCE THAT IS ELEVATED ABOVE OTHERS, OF HIGH PERCEIVED VALUE AND QUALITY. IT ALSO CREATES A POWERFUL CALL TO ACTION. NO ONE WANTS TO MISS OUT ON EXPERIENCING THE "BEST OF" A DESTINATION AND, MOST OFTEN, THEY WANT TO BE AMONG THE FIRST TO EXPERIENCE IT. `BEST OF BALBOA' LOGO NEWPORT BEACH & COMPANY WILL DEVELOP A SPECIAL LOGO FOR THE BEST OF BALBOA CAMPAIGN THAT WILL BE USED ACROSS ALL PROMOTIONAL MATERIALS AND BECOME EASILY IDENTIFIABLE TO CONSUMERS AND LOCALS. 7 V> V> 2020-2021 BALBOA VILLAGE MARKETING PLAN BALBOA VILLAGE MERCHANTS ASSOCIATION COVID-19 ECONOMIC RECOVERY PLAN STRATEGIES 1. END -OF -SUMMER `BEST OF BALBOA' MONTH (SEPTEMBER 1 - 30,2020): CREATE A SUMMER'BESTOF BALBOA' MONTH IN SEPTEMBER 2020 TO DRIVE INCREMENTAL CUSTOMERS, SPENDING AND REVENUE TO BALBOA ISLAND & BALBOA VILLAGE TO ASSIST WITH ECONOMIC AND FINANCIAL COVID-19 RECOVERY EFFORTS. AUGUST 2020 WILL BE A VERY SLOW MONTH IN NEWPORT BEACH WITH BACK -TO -SCHOOLS POTENTIALLY STARTING EVEN EARLIER, WHICH WILL FURTHER DECREASE VISITOR AND DINING SPENDING. 2. WINTER `BEST OF BALBOA' SEASON (DEC 2020 - FEB 2021): CREATE A WINTER 'BEST OF BALBOA' PROMOTION FROM DECEMBER 2020 THROUGH FEBRUARY 2021 TO DRIVE INCREMENTAL CUSTOMERS, SPENDING AND REVENUE TO BALBOA VILLAGE MERCHANTS TO ASSIST WITH ECONOMIC AND FINANCIAL COVID-19 RECOVERY EFFORTS. DECEMBER 2020 THROUGH JANUARY 2021 WILL BE A VERY SLOW SEASON IN NEWPORT BEACH WITH DINING AND SHOPPING EXTREMELY SLOW AND A POTENTIAL FOR A COMBINED COVID-19 AND FLU SEASON SEVERELY IMPACTING LOCALS AND VISITORS. 2020-2021 BALBOAI VILLAGE MARKETING PLAN BALBOA VILLAGE MERCHANTS ASSOCIATION COVID-19 ECONOMIC RECOVERY PLAN STRATEGIES VILBOA VLLAGE < 3. FALL & SPRING SEASONAL MARKETING CAMPAIGNS: WITH REDUCED VISITORS DURING OFF-SEASONS, CREATE MARKETING CAMPAIGNS THAT PROMOTE BALBOA VILLAGE DURING FALL 2020 AND SPRING 2021 SEASONS. s NEWPORT BEACH ST mommillifto ' WINE&FOOD To"wAOURDAY ONue°.v.m 4. MERCHANT COMMUNICATIONS, EVENT MARKETING, `rte aw & YEAR-ROUND MARKETING SERVICES: 0- DEVELOP A LONG-TERM MERCHANT COMMUNICATIONS PLAN TO " ow„ COMMUNICATE HEALTH, SAFETY AND OTHER COVID-19 RECOVERY 0 ..," :.7 - INFORMATION TO BALBOA VILLAGE MERCHANTS—INCLUDING�- ONGOING BID ADMINISTRATION, MARKETING, FINANCE & OPERATING EXPENSES. CONTINUE TO PROVIDE YEAR-ROUND EVENT MARKETING SUPPORT FOR POSSIBLE FUTURE EVENTS (PENDING COVID-19 GROUP SIZES ABOVE 50 PEOPLE). PROMOTE BALBOA VILLAGE VIA SOCIAL MEDIA, PR, VIDEO CONTENT AND OTHER MARKETING CHANNELS. ALSO, CONTINUE MULTI-YEAR PLAN TO ATTRACT LARGE EVENTS (NEWPORT BEACH WINE & FOOD FESTIVAL) TO BALBOA PENINSULA/BALBOA VILLAGE. 9 t 7> 2020-2021 BALBOA VILLAGE MARKETING PLAN BALBOA VILLAGE MERCHANTS ASSOCIATION COVID-19 ECONOMIC RECOVERY PLAN SEASONAL PROMOTIONS DESIGNED TO FILL SLOW PERIODS 100.0 H 90.0 80.0 } 0 70.0 Z D4 60.0 7 U 50.0 0 0 40.0 J H 30.0 0 = 20.0 10.0 ■ . 0.0 Jul Aug ONGOING BVMA MERCHANT COMMUNICATIONS, YEAR-ROUND MARKETING & EVENTS SEPTEMBER FALL WINTERSPRING BESTOF MARKETING 'BEST OF BALBOA' MARKETING BALBOA' CAMPAIGN PROMOTIONAL CAMPAIGN CAMPAIGN MONTH Sep Oct Nov Dec Jan Feb Mar Apr May Jun 2020 2021 10 {> 2020-2021 BALBOA VILLAGE MARKETING PLAN STRATEGY #1: SEPTEMBER `BEST OF BALBOA' MONTH 1. DATES: SEPTEMBER 1 — 30, 2020 2. NO MERCHANT PARTICIPATION FEES. OPEN TO ALL BALBOA ISLAND/BALBOA VILLAGE RESTAURANTS AND MERCHANTS. 3. SEPTEMBER IS TYPICALLY A SLOW MONTH DUE TO BACK -TO -SCHOOL SCHEDULE AND SUMMER VACATIONS ENDING, LEADING TO LESS VISITORS AND LESS -FREQUENT DINING, SHOPPING AND RETAIL PURCHASES ON BOTH BALBOA ISLAND AND BALBOA VILLAGE. 4. PROMOTION DESIGNED TO DRIVE DINING, RETAIL SHOPPING AND VISITORS TO ATTRACTIONS DURING SLOW DAYS OF THE WEEK, AND TO LESS FREQUENTED AREAS DUE TO CITYWIDE SLOWDOWN IN TOURISM/ECONOMY IN SEPTEMBER SPECIFICALLY ON BALBOA ISLAND AND BALBOA VILLAGE. 5. KEY MOTIVATOR TO ENTICE RESIDENTS AND VISITORS TO BALBOA ISLAND AND BALBOA VILLAGE WILL BE A MEGA SWEEPSTAKES PROMOTION TARGETING VISITORS AND LOCALS. t t f 2020-2027 BALBOA VILLAGE MARKETING PLAN STRATEGY #1: SEPTEMBER `BEST OF BALBOA' MONTH 1. SWEEPSTAKES PROMOTION WITH MULTIPLE WINNERS EACH WEEK. 2. SUMMER `BEST OF BALBOA' MONTH PASSPORT - PRINTED & DIGITAL VERSIONS AVAILABLE. 3. EACH BALBOA VILLAGE MERCHANT WILL RECEIVE PRINTED SUMMER `BEST OF THE BAY' MONTH PASSPORTS FOR ALL DINERS AND SHOPPERS. 4. A MOBILE PASSPORT APPLICATION WILL BE CREATED FOR GUESTS CHOOSING TO PLAY VIRTUALLY/ONLINE. 5. MOBILE PASSPORT APP WILL BE PROMOTED TO VISITORS AND DINERS ENTERING A GEOFENCE SURROUNDING NEWPORT BEACH VIA WAZE APP & VIA SOCIAL MEDIA/DIGITAL ADVERTISING. V� 2020-2021 BALBOA VILLAGE MARKETING PLAN 12 STRATEGY #1: SEPTEMBER `BEST OF BALBOA' MONTH 1. DAILY BI/BV MERCHANT GIFT CARD PRIZES RANDOMLY AWARDED EACH DAY OF PROMOTION -30 TOTAL WINNERS. 2. WEEKLY GRAND PRIZE WINNERS RECEIVE A NEWPORT BEACH VACATION -ONE GRAND PRIZE RANDOMLY CHOSEN EACH WEEK. TOTAL OF FOUR GRAND PRIZES. 3. FOUR TOTAL GRAND PRIZES: EACH WEEKLY NEWPORT BEACH VACATION PACKAGE PRIZE INCLUDES: COMPLIMENTARY 2 -NIGHT, MIDWEEK STAY IN A NEWPORT BEACH HOTEL/RESORT TWO NEWPORT BEACH BV/BI RESTAURANT GIFT CARDS • TWO NEWPORT BEACH BV/BI ACTIVITY GIFT CARDS TWO NEWPORT BEACH BV/BI RETAIL GIFT CARDS TOTAL WEEKLY GRAND PRIZE VALUE: $1,500 4. WINNERS PROMOTED ONLINE & VIA SOCIAL MEDIA. BALBOA L �5 Wlmim 9ALFB 4 RKNTALB 3P 13 t 1> 2020-2021 BALBOA VILLAGE MARKETING PLAN STRATEGY #1: SEPTEMBER `BEST OF BALBOA' MONTH t t> 2020-2021 BALBOA VILLAGE MARKETING PLAN WEEK 1: FAMILY RESTAURANT CLOTHING STORE WATERSPORTS RENTAL FUN ZONE RIDE/ARCADE WEEK 2: BI OR BV RESTAURANT WEEKNIGHT DINING WHALEWATCHING TOUR HOME ACCENTS STORE WEEK 3: EXPLOREOCEAN VISIT BIKE/SCOOTER RENTAL WEEKNIGHT DINING COFFEE SHOP WEEK 4: COCKTAILS, WINE & BEER PHARMACY VISIT WEEKNIGHT DINING REAL ESTATE OFFICE 14 STRATEGY #1: SEPTEMBER `BEST OF BALBOA' MONTH 1. VIRTUAL MEDIA KICK-OFF EVENT/ZOOM PRESS CONFERENCE ON THURSDAY, AUGUST 27 WITH SEPTEMBER 'BEST OF BALBOA' MONTH PROCLAMATION FROM MAYOR O'NEILL. 2. PUBLIC RELATIONS PITCHES. FOODIE BLOGGER STORIES. INCREASE BALBOAVILLAGE.COM STORIES, VIDEOS AND CONTENT. 3. NBTV SEPTEMBER'BEST OF BALBOA' MONTH VIDEO SERIES FOR SOCIAL MEDIA CHANNELS & GOVERNMENT -ACCESS TV CHANNELS (COX CABLE & SPECTRUM). 4. PAID DIGITAL ADVERTISING CAMPAIGN ON PANDORA, GOOGLE DISPLAY, FACEBOOK SPONSORED POSTS, SOCIAL MEDIA ADS GEO-TARGETED TO RIGHT CUSTOMERS. 5. PARTNERSHIPS WITH LOCAL MEDIA. 6. RESIDENT UTILITY BILL INSERTS, OUTDOOR BANNERS, POSTERS, POINT OF SALE SIGNAGE AT MERCHANTS. 7. PARTNERSHIP WITH WAZE DIRECTIONS APP TO ESTABLISH GEO- FENCE AROUND NEWPORT BEACH TARGETING ALL VISITORS ONCE THEY CROSS THE GEOFENCE INTO NEWPORT BEACH. WAZE GEO-FENCE AROUND NEWPORT BEACH PRINTED Y' V " ASSPORT BEST OF BALBOA EEK 1 PASSPORT ONTEST HOW TO WIN?AGE Tanaka farms WEEK 7 1. LOCALS AND VISITORS NEED TO GO TO AT LEAST TWO OF THE We let the kids decide to go to FOUR TYPES OF MERCHANTS FEATURED EACH WEEK. We're going to breakfast at Wa'ro having a ...knight dinner at 2. EACH WEEK THE TYPES AND DAY -OF -WEEK MERCHANTS W.'rehavh,p,ioocraamat '`-Beach CHANGE. THE TYPES OF MERCHANTS MAY INCLUDE: FAMILY, - BREAKFAST, WEEKNIGHT DINING, REAL ESTATE, WHALEWATCHING, EXPLOREOCIAN, BI MUSEUM OR ---- WATERSPORTS BUSINESSES. I�I r,� - State Perk 3. AFTER THEY FILL IN THE BLANK WITH THE MERCHANT NAME, r BEST OF BALBOA GUESTS WITH PRINTED PASSPORTS WILL RECEIVE A "BEST OF PASSPORT BALBOA" STAMP NEXT TO EACH TYPE OF RESTAURANT THEY GO TO. WEEK 1 4. SUBMIT A PHOTO OF THE COMPLETED PRINTED PASSPORT TOK BE ENTERED TO WIN WEEKLY GRAND PRIZES. 5. GUESTS WITH THE MOBILE PASSPORT APP WILL "CHECK-IN" a� {. U AND RECEIVE A "BEST OF BALBOA" EMO11 SHOWING THEY U WENT TO AT LEAST TWO MERCHANTS EACH WEEK. 6. MOBILE APP USERS WILL BE AUTOMATICALLY ENTERED TO WIN I i�w 1 7 WEEKLY GRAND PRIZES. MOBILE APP PASSPORT`' WEEK 1 CONTEST PAGE t t> 2020-2021 BALBOA VILLAGE MARKETING PLAN WEEK 1: FAMILY RESTAURANT CLOTHING STORE WATERSPORTS RENTAL FUN ZONE RIDE/ARCADE WEEK 2: BI OR BV RESTAURANT WEEKNIGHT DINING WHALEWATCHING TOUR HOME ACCENTS STORE WEEK 3: EXPLOREOCEAN VISIT BIKE/SCOOTER RENTAL WEEKNIGHT DINING COFFEE SHOP WEEK 4: COCKTAILS, WINE & BEER PHARMACY VISIT WEEKNIGHT DINING REAL ESTATE OFFICE 14 STRATEGY #1: SEPTEMBER `BEST OF BALBOA' MONTH 1. VIRTUAL MEDIA KICK-OFF EVENT/ZOOM PRESS CONFERENCE ON THURSDAY, AUGUST 27 WITH SEPTEMBER 'BEST OF BALBOA' MONTH PROCLAMATION FROM MAYOR O'NEILL. 2. PUBLIC RELATIONS PITCHES. FOODIE BLOGGER STORIES. INCREASE BALBOAVILLAGE.COM STORIES, VIDEOS AND CONTENT. 3. NBTV SEPTEMBER'BEST OF BALBOA' MONTH VIDEO SERIES FOR SOCIAL MEDIA CHANNELS & GOVERNMENT -ACCESS TV CHANNELS (COX CABLE & SPECTRUM). 4. PAID DIGITAL ADVERTISING CAMPAIGN ON PANDORA, GOOGLE DISPLAY, FACEBOOK SPONSORED POSTS, SOCIAL MEDIA ADS GEO-TARGETED TO RIGHT CUSTOMERS. 5. PARTNERSHIPS WITH LOCAL MEDIA. 6. RESIDENT UTILITY BILL INSERTS, OUTDOOR BANNERS, POSTERS, POINT OF SALE SIGNAGE AT MERCHANTS. 7. PARTNERSHIP WITH WAZE DIRECTIONS APP TO ESTABLISH GEO- FENCE AROUND NEWPORT BEACH TARGETING ALL VISITORS ONCE THEY CROSS THE GEOFENCE INTO NEWPORT BEACH. WAZE GEO-FENCE AROUND NEWPORT BEACH Y' V Irvine Cos wesa Tanaka farms 05 ewport -- '`-Beach !D Son Jougwn Hills Balboa Pier ---- CrystalCove -; r,� - State Perk t Y f 2020-2021 BALEIOA VILLAGE MARKETING PLAN STRATEGY #1: SEPTEMBER `BEST OF BALBOA' MONTH CAMPAIGN CREATIVE t Tj 2020-2021 ALB -A VILLAGE MARKETING PLAN STRATEGY #1: SEPTEMBER `BEST OF BALBOA' MONTH: THEMED NIGHTS & ACTIVITIES Each month, in the style of the once -monthly Art Walks in Laguna, BVMA + BIMA merchants will stay open later for a Best of Balboa. This series will run in the month of September, and then pick up again from December through February and would be held on a regular day and time, e.g., the third Thursday of the month, from 5pm - 9pm. Participating merchants can offer specials, discounts, trunk shows, special in-store guests, new dishes and tastes, etc. Ferry rides between the two districts would be free all evening and the marketing budget would cover live entertainment to create an ambiance (outside, not overly amplified) within each district. Design a self -led Balboa Village + Balboa Island tour that incorporates a "treasure hunt" component for kids. Partner with Balboa Island Museum and OceanQuest/Discovery Cube to create and brand it. Visitors and locals can download the map and a free companion recording onto their phones from the VisitNB.com website/Balboa Village + Balboa Island micro -sites. The Best of Balboa Passport would be linked to the tour download, as well. Drive traffic to BVMA + BIMA restaurants during a typically slow weekday evening with Tasting Tuesdays, a date night/dine out occasion with participating merchants offering either special small bites/tastes on Tuesdays or some other value-added item/deal/special. Create Best of Balboa Sample themes could include: experience packages tied to Family Fun Day current consumer tastes and Girls Night Out interests that encourage longer stays and increased spending in Weekend Getaway y the districts. Pilot test the Shopping Spree appeal of the packages through Foodie Experience PR, social media and e - newsletter promotion, as well as possibly through Groupon, Travelzoo, etc. t T, 2020-2021 BALBOA VILLAGE MARKETING PLAN STRATEGY #1: SEPTEMBER `BEST OF BALBOA' MONTH: THEMED NIGHTS & ACTIVITIES Develop an e -newsletter dedicated to promoting BVMA + BIMA merchants and their offerings, special events, and news. Newsletter would be emailed to Visit Newport Beach database as well as to database developed through Best of Balboa Passport enrollments. E -newsletter also would be sent to merchants in a format that is easy to brand and send to their email lists. During the early fall and winter months, the program would place an increased focus on local consumers, rebranding Best of Balboa Nights as We Love Locals nights, and with a push for locals to sign up for the Best of Balboa Passport. Promotion through locally focused PR, as well as social media, email and, potentially, utility bill inserts. kb 2020-2021 BALBOA VILLAGE MARKETING PLAN The Balboa Ferry is the link between Balboa Island and Balboa Village. This promotion will run in the month of September, and then pick up again from December through February and would be held on a regular day and time, e.g., the third Thursday of the month, from 5pm - 9pm. Ferry rides between the two districts would be free all evening and the marketing budget would cover live entertainment to create an ambiance (outside, not overly amplified) within each district. is STRATEGY #2: WINTER `BEST OF BALBOA' PROMOTION 1. DATES: DECEMBER 1, 2020 THROUGH FEBRUARY 28, 2021 2. NO MERCHANT PARTICIPATION FEES. OPEN TO ALL BALBOA ISLAND/BALBOA VILLAGE RESTAURANTS AND MERCHANTS. 3. WINTER SEASON IS TYPICALLY THE SLOWEST SEASON LEADING TO LESS VISITORS AND LESS -FREQUENT DINING, SHOPPING AND RETAIL PURCHASES ON BOTH BALBOA ISLAND AND BALBOA VILLAGE. 4. PROMOTION DESIGNED TO DRIVE DINING, RETAIL SHOPPING AND VISITORS TO ATTRACTIONS DURING SLOW DAYS OF THE WEEK AND TO LESS FREQUENTED MERCHANTS DUE TO A SLOWDOWN IN TOURISM/ ECONOMY SPECIFICALLY ON BALBOA ISLAND AND BALBOA VILLAGE. 5. KEY MOTIVATOR TO ENTICE RESIDENTS AND VISITORS TO BALBOA ISLAND AND BALBOA VILLAGE WILL BE A MEGA SWEEPSTAKES PROMOTION TARGETING VISITORS AND RESIDENTS. 6. WINTER `BEST OF BALBOA' PROMOTION IS AN EXACT REPLICA OF THE SEPTEMBER `BEST OF BALBOA' MONTH—EXCEPT OVER A THREE- MONTH PERIOD. SIMILAR PASSPORTS AND MOBILE APP PASSPORTS WILL BE AVAILABLE FOR VISITORS/RESIDENTS. t 7, 2020-2021 BALBOA VILLAGE MARKETING PLAN STRATEGIES 1 & 2: SEPTEMBER & WINTER `BEST OF BALBOA' PROMOTIONS BUDGET RIMA, INC. CITY OF NEWPORT $20,000 BEACH COVID-19 GRANT BVMA CITY OF NEWPORT BEACH 0,000 COVID-19 GRANT BIMA, INC. CASH RESERVES $10,000 BVMA CASH RESERVES $10,000 TOTAL SEPT & WINTER $80,000 PROMOTIONS REVENUE 1. BIMA, INC. & BVMA GRACIOUSLY THANK THE CITY OF NEWPORT BEACH & CITY COUNCIL FOR MERCHANT ASSOCIATION RECOVERY GRANT REVENUE. 2. SWEEPSTAKES PRIZES DONATED BY RESTAURANTS, ACTIVITIES, RETAIL & HOTELS. e Y 1 2020-2021 BALBOA VILLAGE MARKETING PLAN PAID PARTNERSHIPS MAZE MOBILE APP & MEDIA $15,000 PARTNERSHIP) SEASONAL.. PAID ADVERTISING (LA TIMES, STUNEWS, GOOGLE $20,000 DISPLAY ADS, PANDORA RADIO, SOCIAL MEDIA ADS, ETC.) BVMA CASH RESERVES VIRTUAL MEDIA KICK-OFF EVENT (zoom + ONLINE $O PRESS KITS) $5,000 PROMOTIONAL SIGNAGE $5,000 (POSTERS, MERCHANT BANNERS, POINT-OF-SALE TENT $7,000 CARDS, WINDOW CLINGS, UTILITY BILL INSERTS, ETC.) $10,000 COLLATERAL (PRINTED PASSPORTS) $10,000 RUBBER STAMPS OR STICKERS FOR WINNERS $1,000 (STAMPS/STICKERS APPLIED TO PRINTED PASSPORTS) SEASONAL.. MOBILE PASSPORT SOFTWARE FEES $15,000 (IPHONE/ANDROID) BVMA CASH RESERVES MEDIA INFLUENCERS/BLOGGERS $2,000 RESEARCH/TRACKING (ECONOMIC IMPACT STUDY) $5,000 `EAT.SEA.DO." VIDEO SERIES PRODUCTION $5,000 TOTAL SEPT & WINTER PROMOTION EXPENSES $80,000 STRATEGY #3: FALL & SPRING SEASONAL CAMPAIGNS BALBOA VILLAGE REVENUE DESCRIPTION REVENUE SEASONAL.. BVMA CASH RESERVES $10,000 1. FALL DATES: OCTOBER - NOVEMBER 2020 2. SPRING DATES: MARCH - JUNE 2021 TOTAL SEASONAL CAMPAIGNS $10,000 3. BALBOA VILLAGE BRAND ADVERTISING IN KEY MEDIA REVENUE OUTLETS (LA TIMES, NEWPORT BEACH MAGAZINE, NB MAGAZINE, ETC.) 4. BALBOA VILLAGE PROMOTIONAL ADVERTISING ON SOCIAL MEDIA (SPONSORED POSTS, CAROUSELS, INSTAGRAM, ETC.) 5. `EAT.SEA.DO.' VIDEO SERIES THROUGHOUT FALL & SPRING CAMPAIGNS EXPENSES DESCRIPTION EXPENSES 6. PR PLACEMENTS IN KEY MEDIA OUTLETS 7. SEASONAL SWEEPSTAKES PRIZES BVMA BRAND ADVERTISING $7,500 BVMA SOCIAL MEDIA ADVERTISING $2,500 TOTAL SEASONAL CAMPAIGNS EXPENSES $10,000 21 V> 2020-2021 BAIBOA VILLAGE MARKETING PLAN 1. 2. 3. 4. 5. 6. 7. 8. 9. 10. 11. STRATEGY #4: MERCHANT COMMUNICATIONS, EVENT MARKETING & SUMMER SHUTTLE PLAN ONGOING JULY 2020 THROUGH JUNE 2021 INCREASED MERCHANT COMMUNICATIONS DUE TO COVID-19 RESTRICTIONS & RE -OPENING GUIDELINES ANTICIPATING FUTURE ISSUES IN WINTER 2021 DUE TO COVID-19 + SEASONAL FLU ASSOCIATION ADMINISTRATION, FINANCE & MARKETING FEES `EAT.SEA.DO.' VIDEO PRODUCTION PUBLIC RELATIONS/ MARKETING SUPPORT MEDIA RELATIONS & WEBSITE MAINTENANCE MEMBERSHIP DUES POSTAGE/OFFICE SUPPLIES WEBSITE MAINTENANCE BANK/MERCHANT FEES 1. CONTINUE NEGOTIATIONS, DISCUSSIONS AND PLANNING TO ATTRACT BRAND -DEFINING EVENTS TO BALBOA VILLAGE, PENINSULA PARK, AND BALBOA PENINSULA. 2. CONTINUE MULTI-YEAR STRATEGY TO CREATE AND OPERATE BALBOA VILLAGE EVENTS TO ATTRACT NEW AND EXISTING CUSTOMERS TO THE PENINSULA. 3. BVMA HAS BEEN SAVING RESERVES EACH YEAR TO FUND NEW EVENTS ON BALBOA PENINSULA. 4. BVMA IS DEVELOPING A LONG-TERM, MEMBERSHIP - DRIVEN BUSINESS MODEL. CONTINUE EXPLORING ALTERNATIVE REVENUE SOURCES FOR FUTURE FUNDING. NEWPORT BEACH WINE&FOOD 22 BALBOA VILLAGE MERCHANTS ASSOCIATION FY 2019-2020 ACCOMPLISHMENTS & FINANCIAL STATEMENTS JOU R N EY WELL BEYOND V> ky> 2019-2020 ACCOMPLISHMENTS & FINANCIALS BALBOA VILLAGE MERCHANTS ASSOCIATION FY 2019-2020 ACCOMPLISHMENTS PUBLIC RELATIONS + SOCIAL MEDIA PUBLIC RELATIONS SOCIAL MEDIA PLACEMENTS FOLLOWERS 70 7,805 +1,000 NEW FOLLOWERS LAST YEAR TOP PRINT MEDIA PLACEMENTS: TRAVEL & LEISURE MAGAZINE LA DAILY NEWS OC REGISTER LA EXCITES LA TIMES, PHOENIX MAGAZINE NEW YORK TIMES 2019-2020 ACCOMPLISHMENTS & FINANCIALS BALBOA VILLAGE MERCHANTS ASSOCIATION FY 2019-2020 ACCOMPLISHMENTS DIGITAL MARKETING (WEBSITE) BALBOAVILLAGE.COM WEB PAGEVIEWS 59,502 BALBOAVILLAGE.COM UNIQUE SESSIONS 39,276 24 BALBOAVILLAGE.COM WEB PAGEVIEWS 3 -YEAR GROWTH 100,000 80,000 60,000 40,000 20,000 2017 NOTE: HUGE GROWTH IN 2018/2019 DUE TO MOVING BA LBOAVILLAGE.COM URL/SITE STRUCTURE UNDER VISITNEWPORTBEACH.COM FOR INCREASED EXPOSURE/VIEWS. kb 2019-2020 ACCOMPLISHMENTS & FINANCIALS BALBOA VILLAGE MERCHANTS ASSOCIATION FY 2019-2020 ACCOMPLISHMENTS 1. CREATED AND RAN BALBOA VILLAGE BRAND ADVERTISING IN KEY, LOCAL MEDIA OUTLETS. 2. RAISED NEW REVENUE FROM MERCHANTS TO SUPPORT A CO-OP AD CAMPAIGN INCLUDING BOTH PRINT AND DIGITAL PROGRAMMATIC ADS THAT WERE PAID FOR WITH MERCHANT CONTRIBUTION TO OFFSET BVMA EXPENSES. AN EXPANSION OF THIS PUBLIC/PRIVATE CO-OP AD CAMPAIGN WAS TO BE EXPANDED IN SPRING 2020. 3. DEVELOPED NEW MEMBERSHIP,ADVERTISING, AND SPONSORSHIP STRUCTURES TO CREATE REVENUE IN ADDITION TO THE CONTINUED CITY FUNDING. 4. CONTINUED SUCCESSFUL SEASONAL/HOLIDAY DECORATION PROGRAM THROUGHOUT BALBOA VILLAGE. 5. IMPROVED THE WEBSITE BALBOAVILLAGE.COM WITH IMPROVED AND ADDITIONAL SOCIAL -MEDIA OUTREACH PROGRAMS DEVELOPED THROUGH THE PARTNERSHIP WITH NEWPORT BEACH & COMPANY. ADDITIONAL ADVERTISING CAMPAIGNS WERE PRODUCED AS WELL AS COLLATERAL. 6. ENCOURAGED THE CONTINUING "CAR SHOW SUNDAYS" IN THE PALM STREET PARKING LOT EACH SUNDAY. 7. ADMINISTERED THE ASSOCIATION USING ATHIRD-PARTY CONSULTANT, AS WELL AS MISCELLANEOUS COSTS (INCLUDING THE ANNUAL MEETING). 8. STRENGTHENED AND RENEWED THE ALLIANCE BETWEEN NEWPORT BEACH & COMPANY AND THE ASSOCIATION FOR IMPLEMENTATION OF THE STRATEGIC MARKETING FOR BALBOA VILLAGE, AS WELL AS CREATING A NEW MARKETING PLAN. 9. EXPLORED A RESIDENT/FAMILY-ORIENTED SPECIAL EVENTTO TAKE PLACE NEAR BALBOAVILLAGE. 10. CONTINUED A PROGRAM IN CONJUNCTION WITH OCEANQUEST FOR WEEKLY DJ EVENTS ON THE PATIO. 11. CONTINUED TO IMPROVE THE SHUTTLE PROGRAM IN CONJUNCTION WITH OTHER MERCHANT ASSOCIATIONS, THE CITY OF NEWPORT BEACH AND NEWPORT BEACH & COMPANY. 12. INSTITUTED A CHRISTMAS WALK PROGRAM FOR THE HOLIDAY AND BOAT PARADE SEASON. 13. HELD ZOOM MEETINGS WITH MEMBERS AND SUPPORT STAFF DURING QUARANTINE TO DETERMINE COMMUNITY IMPACTS AND IDEAS FOR REOPENING. 1. CONTINUE NEGOTIATIONS, DISCUSSIONS AND PLANNING TO ATTRACT BRAND -DEFINING EVENTS TO BALBOA VILLAGE, PENINSULA PARK, AND BALBOA PENINSULA. 2. CONTINUE MULTI-YEAR STRATEGY TO CREATE AND OPERATE BALBOA VILLAGE EVENTS TO ATTRACT NEW AND EXISTING CUSTOMERS TO THE PENINSULA. 3. BVMA HAS BEEN SAVING RESERVES EACH YEAR TO FUND NEW EVENTS ON BALBOA PENINSULA. 4. BVMA IS DEVELOPING A LONG-TERM, MEMBERSHIP -DRIVEN BUSINESS MODEL. CONTINUE EXPLORING ALTERNATIVE REVENUE SOURCES FOR FUTURE FUNDING LIKE IT DID IN FY20 BY RAISING CO-OP AD FUNDS FROM MERCHANTS. 5. BVMA PLANS TO REPLACE OLD HOLIDAY DECORATIONS VALUED AT NEARLY $34,000 NEWPORT BEACH WINE&FOOD 2019-2020 ACCOMPLISHMENTS & FINANCIALS BALBOA VILLAGE MERCHANTS ASSOCIATION FY 2019-2020 FINANCIAL STATEMENTS BALBOA VILLAGE MERCHANTS ASSOCIATION FY . • BALANCE SHEET ACTUAL ASSETS ... TE .'.. /2020 BUDGET CURRENT ASSETS Checking/Savings-Union Bank 48,644.49 TOTAL TOTAL CHECKING SAVINGS 48644.4 GROSS PROFIT 20,5 O.O ACCOUNTS RECEIVABLE Accounts Receivable 1,650.00 TOTAL ACCOUNTS RECEIVABLE 1,650.00 Books Subscriptions, Reference 481.6 OTHER CURRENT ASSETS- Decorations December 32 217.1 Decorations 1700.00 Seasonal Decorations 1 824.2 TOTAL OTHER CURRENT ASSETS 34 041.4 TOTAL ASSETS 84 335.91 ADVERTISING - Brochure 1,048.34 LIABILITIES & EQUITY E uit - Unrestricted Net Assets 74 063.11 Net Income 10 272.8 TOTAL LIABILITIES & EQUITY 84 335.91 BALBOA VILLAGE MERCHANTS ASSOCIATION HAS BEEN SAVING CASH RESERVES FOR THREE MAJOR, MULTI-YEAR INITIATIVES: 1. BVMA BUDGETED TO PARTNER WITH THE NB WINE & FOOD FESTIVAL FOR AN EXPANDED PROMO BOOTH AT THE FESTIVAL, WHICH WAS PLANNED TO MOVE TO PENINSULA PARK (PRE -COV I D-19). 2. BVMA BUDGETED TO EXPAND FUTURE EVENTS IN BALBOA VILLAGE TO ATTRACT NEW VISITORS/RESIDENTS TO BALBOA VILLAGE AND DEVELOP NEW REVENUE SOURCES FOR BVMA. 3. BVMA PLANS TO REPLACE OLD HOLIDAY DECORATIONS VALUED AT NEARLY $34,000 26 BALBOA VILLAGE MERCHANTS ASSOCIATION FY 2019-20 PROFIT & LOSS STATEMENT ORDINARY INCOME/EXPENSE YEAR-TO-DATE .... . . ACTUAL BUDGET INCOME Grants - Municipal 20 500.00 TOTAL INCOME 20 500.0 GROSS PROFIT 20,5 O.O EXPENSE ADMINISTRATIVE Accounting Fees 425.00 Books Subscriptions, Reference 481.6 Postage, Mailing Service 26.71 Bookkeeping 1700.00 Meeting Expense 307.3 TOTAL ADMINISTRATIVE 2,515.75 PROGRAM EXPENSES ADVERTISING - Brochure 1,048.34 SPECIAL EVENTS -CHRISTMAS AT THE BEACH _ Special Eve nts- Decorations 5 790.11 Special Events -Permits 448.0 TOTAL CHRISTMAS AT THE BEACH 6,238.1 TOTAL SPECIAL EVENTS 6,238.11 TOTAL PROGRAM EXPENSES 7,286.4 TOTAL EXPENSES 10 272.8 NET INCOME 10 272.8 27 THANK YOU! JOU R N EY WE LL BEYON D