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businesses with 1,428 rooms have signed the petition. Included in the attached documents is a list and map of the lodging establishments that will be within the renewed district and hence be subject to the assessment. Term In accordance with the Property and Business Improvement District Law of 1994 under which the TVTMD was established, the district was formed with a Management District Plan guiding its operations. The TVTMD was originally established in 2006 for a five-year term, renewed in 2010 for five years, and last renewed in 2015 for seven years. This renewal is proposed to begin on July 1, 2022, and last for ten years through June 30, 2032. The VTV board and lodging businesses have increased to an industry standard 10-year term that will allow for recovery from the pandemic and longer-term strategic planning. Structure/Budget The Tri-Valley Tourism Marketing District will retain its existing governance structure with the VTV Board of Directors acting as the board of directors for the tourism district; as such, more than half of the voting Board members must represent TVTMD lodging businesses. The Management District Plan details the operational specifications and budget of the proposed district. Visit Tri-Valley estimates that through the renewed district the annual TVTMD budget will be $2,166,000. In reference to the possible increase in years four through ten — potentially raising the assessment to $4.00 per occupied room night— the VTV Board will consider and vote on these increases on an annual basis. No additional voting of the lodging businesses would be required as their approval of the renewal includes the base of$3.25 per occupied room night plus the additional increases up to the $4.00 per occupied room night limit. Any proposed changes would be reported directly to the lodging businesses as well as in the TVTMD annual report. Once per year, beginning on the anniversary of TVTMD renewal there is a 30-day period in which business owners paying 50 percent or more of the assessment may protest and begin proceedings to terminate the TVTMD. Based on the benefit received, assessments will not be collected on: stays of more than 30 consecutive days, nor on stays by any Federal or State of California officer or employee when on official business who makes a claim that they are exempt, nor on stays by any officer or employee of a foreign government who is exempt by reason of express provision of federal law or international treaty. Administration Pleasanton has served as the lead agency in forming the assessment district and administering assessments and will continue to do so in again renewing the district and administering assessments. Each city and county is responsible for collecting the assessments from the lodging businesses in that jurisdiction. The cities/counties then Page 3 of 5