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THE CITY OF =1=1CITY COUNCIL AGENDA REPORT PLEASANTON. 5 November 7, 2017 Economic Development TITLE: ACCEPT DOWNTOWN PLEASANTON BUSINESS IMPROVEMENT DISTRICT ADVISORY BOARD 2017 REPORT AND 2018 BUDGET AND ADOPT A RESOLUTION OF INTENT TO LEVY ASSESSMENT FOR 2018 SUMMARY The Downtown Pleasanton Business Improvement District Advisory Board submitted its 2017 report and budget for 2018. The advisory board is recommending no modifications to the District boundaries and no change in the method of levying the assessment for 2018. It is proposed that the 2017 report and 2018 budget be accepted and approved and the assessment levy be considered by the City Council at a December 5, 2017, public hearing. RECOMMENDATION Adopt a resolution accepting and approving the Downtown Pleasanton Business Improvement District 2017 annual report and 2018 budget as prepared by the Advisory Board and set the public hearing date for December 5, 2017, to levy the annual assessment. FINANCIAL STATEMENT The current agreement between the Pleasanton Downtown Association, as manager of the Downtown Pleasanton Business Improvement District, and the City requires the City to match the annual assessments paid by businesses in the business improvement district. In 2017, the City match from the General Fund was approximately $68,000. Staff anticipates the 2018 match (if approved) will be allocated at $68,000; this is included in the City's and the PDA's budgets. In addition to the direct City contribution, the City adds approximately $66,000 in indirect funding which includes staff time to administer the PDA assessments and contract, provide assistance and support for events and business initiatives, as well as maintain downtown planters, cleaning sidewalks, and garbage pickup.