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THE CITY OF 4 - ! CITY COUNCIL AGENDA REPORT PLEASANTON. September 16, 2014 Economic Development TITLE: ACCEPTANCE OF PLEASANTON DOWNTOWN BUSINESS IMPROVEMENT DISTRICT ADVISORY BOARD 2014 ANNUAL REPORT AND 2015 BUDGET, AND INTENT TO LEVY THE ASSESSMENT FOR 2015 SUMMARY The Pleasanton Downtown Association (PDA) Advisory Board's 2014 annual report and 2015 budget are presented to the City as part of the annual review of the downtown Business Improvement District and intention to levy an assessment. The Advisory Board is recommending no modifications to the Business Improvement District boundaries and no change in the method of levying the assessment for 2015. It is proposed that the budget and the assessment levy be heard at a public hearing at the October 21, 2014 City Council meeting, at which time the 5-year agreement between the City and the PDA will also be presented for consideration. RECOMMENDATION Adopt a resolution accepting the 2014 annual report and 2015 budget prepared by the Advisory Board and set the public hearing date for October 21, 2014 to levy the annual assessment. FINANCIAL STATEMENT The agreement between the City and PDA requires the City to match the annual assessments paid by businesses in the Business Improvement District. In 2014, the City match from the General Fund was approximately $65,500. Staff anticipates the 2015 match (if approved) will again be approximately $65,500. In addition to the City's direct participation, the City also contributes to the PDA by funding staff time to administer the PDA assessments and agreement, assistance and staff time for special events, as well as the cost to maintain downtown planters, clean sidewalks, coordinate garbage pickup and other infrastructure and logistical efforts.