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The cities of Danville, Dublin and Livermore, and the counties of Alameda and Contra Costa, will each be paid a fee equal to 1% of the amount of the assessments collected within their jurisdiction to cover their costs of collection and administration. The City of Pleasanton will be paid a fee equal to 1% of the amount of the assessment collected in the city, plus 1% of the total assessment collected from all jurisdictions to cover the costs of collection and administration. Per the Management District Plan, Visit Tri-Valley will place up to 5% of all Tri-Valley Tourism Marketing District assessments received into a Contingency Fund for future economic uncertainty and renewal costs. The contingency funds will be banked until such time as the total fund reaches an amount equal to six months of operating expenses (amount is determined by the VTV board). After that balance is achieved, contingency funds may be reallocated to sales and marketing programming. DISCUSSION To begin the formal process of renewing the Tri-Valley Tourism Marketing District, on February 17, 2015, the City of Pleasanton adopted both a Resolution of Intention to renew the business improvement district and a Resolution Requesting Consent from the Cities of Danville, Dublin, and Livermore as well as Alameda and Contra Costa Counties. In each of the cities and counties, with the exception of Livermore, the Resolution Granting Consent to the City of Pleasanton to be included in the TVTMD was approved as a consent item with no comment or discussion at the meeting. City staff has copies of the resolutions granting consent from each of the partner agencies. The Livermore City Council considered the adoption of the Resolution Granting Consent at its April 13, 2015, meeting. The resolution was adopted after discussion that indicated an interest in exploring future expansion of the assessment district to include additional types of hospitality and tourism-related businesses that would grow Visit Tri-Valley's marketing and promotional efforts beyond its current focus on serving lodging properties. From the February 18, 2015, notice to all lodging businesses through the time of issuance of this report, no protest has been received by the City. The purpose of holding this public meeting on April 21, 2015, is to hear any protest to the renewal of the Tri-Valley Tourism Marketing District. All 37 lodging businesses proposed to be included in the district were sent notice of this public meeting and a May 5 public hearing to adopt a Resolution Renewing the Tri-Valley Tourism Marketing District effective July 1, 2015. As the City previously codified the assessment district in its municipal code, a separate ordinance amending the Pleasanton Municipal Code to reflect the changes to the TVTMD will also be presented to the City Council for consideration at its May 5 meeting. A second reading to adopt the ordinance will be on the City Council's May 19 meeting agenda. Page 3 of 4