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THE CITY OF 7 7 pLE ASANTCITY COUNCIL AGENDA REPORT October 15, 2019 Economic Development TITLE: ACCEPT DOWNTOWN PLEASANTON BUSINESS IMPROVEMENT DISTRICT ADVISORY BOARD 2019 REPORT AND 2020 BUDGET AND ADOPT A RESOLUTION OF INTENT TO LEVY ASSESSMENT FOR 2020 SUMMARY The Downtown Pleasanton Business Improvement District Advisory Board submitted its year-to-date 2019 report and budget for 2020. The advisory board is recommending no modifications to the District boundaries and no change in the method of levying the assessment for 2020. It is proposed the 2019 report and 2020 budget be accepted and approved and a public hearing to consider assessment of the levy be set for November 19, 2019. RECOMMENDATION Adopt a resolution accepting and approving the Downtown Pleasanton Business Improvement District 2019 annual report and 2020 budget as prepared by the Advisory Board, and set the public hearing date for November 19, 2019, 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 2019, the City match from the General Fund is estimated to be approximately $81 ,000. Staff anticipates the 2020 match (if approved) will be around $75,000; this is included in the City's and the PDA's budgets. In addition to the direct City contribution, the City provides a significant amount in indirect funding which includes staff time to administer the PDA assessments and contract, assistance and support for events and business initiatives, as well as the cost to maintain downtown planters, cleaning sidewalks, and garbage pickup, and related upkeep and improvements.