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City of Pleasanton
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2009
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072109
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7/14/2009 2:25:01 PM
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CITY CLERK
CITY CLERK - TYPE
STAFF REPORTS
DOCUMENT DATE
7/21/2009
DESTRUCT DATE
15 Y
DOCUMENT NO
01
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implemented almost immediately while others will take upwards of 60 days to orchestrate fully. Staff <br /> is proposing that this run as a 12 -month program with the exception of the shop local campaign, to <br /> be re- evaluated at the end of the calendar year. <br /> Vice -Mayor Cook- Kallio said she has heard occasional complaints on the high cost of commercial <br /> square footage and asked if there has been any conversation on how to incentivize the lowering of <br /> those rates. She acknowledged that property owners are free to charge what they like but noted <br /> that an empty building carries no value to the owner or community. Ms. Ott said there has been <br /> some limited discussion on that but cautioned that the gift of public funds must be done very <br /> carefully. She agreed that those stories exist but shared competing ones of property owners <br /> working with their tenants to ease the burden of the current economy. <br /> Mayor Hosterman said that she and Mr. Fialho have been systematically working their way down <br /> Main Street to discuss the downtown situation with property owners and encourage them with <br /> methods for securing quality tenants. She estimated that there have been some successes <br /> resulting from that but suggested that the next few months will provide a much clearer picture. <br /> Councilmember McGovern confirmed that the City is putting $225,000 towards the program and <br /> asked where the funds are coming from. Mr. Fialho stated that it is General Fund money that has <br /> already been built into the operating budget. He noted that it has only been factored in for the first <br /> year, not the second, and that is why staff has suggested a 12 -month pilot situation. <br /> Councilmember McGovern confirmed that the City anticipates the return of a portion of those funds <br /> as a result of low interest loans. Mr. Fialho added that increased occupancy and spending would <br /> deliver increased sales tax revenue to the General Fund, as well. <br /> Councilmember McGovern asked if staff had considered the application of any of these programs <br /> outside of the downtown area. Ms. Ott confirmed, stated that she is acutely aware of the needs of <br /> businesses throughout the community and explained that it is really a matter of ensuring the <br /> financial wherewithal and ability to roll these projects out is in place before attempting to do so in a <br /> broad sense. <br /> Mr. Fialho cited Stoneridge Mall and the Staples Ranch /Hendricks Automotive PUD application as <br /> examples of the sales tax reimbursement program in place outside of the downtown area. <br /> Councilmember McGovern asked for confirmation that staff is proposing to pilot these programs for <br /> one year, return with an analysis of each element's impact on economic vitality, and make <br /> recommendations on increasing the scope of those which were effective. <br /> Mr. Fialho advised that the target area is specifically the downtown area but that the current <br /> language of the program does not exclude other businesses throughout the City from participation. <br /> He assured the Council that if the right opportunity approaches and it is fiscally possible, staff will <br /> allow the participation of any community business. <br /> Councilmember McGovern confirmed that it would be suitable to advertise the opportunity to all <br /> local businesses. <br /> Mayor Hosterman opened the item to public comment. <br /> Christine Salidivar, Executive Director of the Pleasanton Downtown Association, cited current <br /> economic challenges, commented on the limitations posed by the City's lack of redevelopment <br /> City Council Minutes Page 10 of 11 June 2, 2009 <br />
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