RES 10352 - Laserfiche WebLink

NOTICE OF PUBLIC HEARINGS CONCERNING THE RENEWAL OF THE TRI- VALLEY TOURISM BUSINESS IMPROVEMENT DISTRICT AND TO LEVY AN ASSESSMENT ON CERTAIN LODGING BUSINESSES WITHIN THE DISTRICT NOTICE IS HEREBY GIVEN that on April 20, 2010, the City Council (Council) of the City of Pleasanton (City) adopted a Resolution of Intention to renew the Tri- Valley Tourism Business Improvement District (TVTBID) and to levy an assessment on certain lodging businesses within the TVTBID as set forth in the attached Resolution of Intention. NOTICE IS HEREBY FURTHER GIVEN that at 7:00 p.m. on June 1, 2010, at the City of Pleasanton Council Chambers, 200 Old Bernal Avenue, Pleasanton, CA 94566, a public hearing shall be held pursuant to Government Code section 54954.6 to allow public testimony regarding the renewal of the TVTBID and the levy of assessments therein as set forth in the enclosed Resolution of Intention and pursuant to Government Code section 54954.6. NOTICE IS HEREBY FURTHER GIVEN that at 7:00 p.m. on June 15, 2010, at the City of Pleasanton Council Chambers, 200 Old Bernal Avenue, Pleasanton, CA 94566, has been set as the time and place for a public hearing at which time the Council proposes to renew the TVTBID and to levy the proposed assessment as set forth in the Resolution of Intention. Boundaries: The proposed TVTBID includes all lodging businesses with thirty -five (35) or more rooms available for public occupancy located within the boundaries of the cities of Pleasanton, Livermore, Dublin, San Ramon and the Town of Danville. Assessment: Current assessment rates are $1.00 per occupied room per night on short term (less than 31 days) stays. The proposed new assessment rates are a flat $2.00 per occupied room per night on short term (stays less than 31 days) stays in lodging businesses. This assessment shall not increase in years one through three. In years four and five, the assessment may be increased annually up to an additional ten cents ($0.10) per occupied room per night. Based on the benefit received, assessments will not be collected on stays of more than thirty (30) consecutive days, nor on stays by government employees on government business. Assessments pursuant to the TVTBID shall not include room rental revenue resulting from stays pursuant to contracts executed prior to adoption of the Resolution of Formation renewing the TVTBID. Budget The total TVTBID annual budget for each year of its five (5) year operation is anticipated to be approximately $1,520,000. Purpose: Marketing and sales promotions to increase tourism and to market Tri- Valley as a tourist, meeting and event destination.