Laserfiche WebLink
THE CITY OF 13 <br /> "' CITY COUNCIL AGENDA REPORT <br /> pL EASANTONo <br /> December 6, 2011 <br /> Finance <br /> TITLE: ADOPT A RESOLUTION LEVYING THE PLEASANTON DOWNTOWN <br /> BUSINESS IMPROVEMENT DISTRICT ASSESSMENT FOR 2012 <br /> SUMMARY <br /> The Pleasanton Downtown Association (PDA) Advisory Board report and budget for <br /> 2012 were presented to and accepted by the City Council on November 15, 2011. The <br /> PDA Advisory Board report and budget recommends no modifications to the Pleasanton <br /> Downtown Business Improvement District (District) boundaries and no change in the <br /> method of levying the assessment for 2012. Based on this, the Council is being asked <br /> to approve and levy the assessment for 2012. <br /> RECOMMENDATION <br /> Staff recommends the Council: <br /> 1. Open and close the public hearing <br /> 2. Adopt Resolution levying the Pleasanton Downtown Business Improvement <br /> District Assessment for 2012. <br /> FINANCIAL STATEMENT <br /> The City contract with the PDA requires the City to match the annual assessments paid <br /> by businesses in the District. In 2012, the City's matching funds (budgeted in the <br /> General Fund) will be approximately $66,500. In addition to the direct City contribution, <br /> the City contributes approximately $60,000 in indirect funding which includes staff time <br /> to administer the PDA assessments and contract, assistance with the Hometown <br /> Holiday Celebration, as well as, the cost to maintain downtown planters, cleaning <br /> sidewalks, garbage pickup, and staff time for special events. <br />