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Section 3. The City Council finds that the Management District Plan satisfies all requirements of Streets and Highways Code § 36622. Section 4. The City Council declares its intention to renew the TVTMD and to levy and collect assessments on all lodging businesses, existing and in the future, with five (5) rooms or more within the TVTMD boundaries pursuant to the Property and Business Improvement District Law of 1994. Section 5. The TVTMD shall include all lodging businesses with five (5) rooms or more located within the the boundaries of the cities of Dublin, Livermore, and Pleasanton, the Town of Danville, and those portions of the unincorporated areas of Contra Costa and Alameda Counties, which include the communities of Alamo, Blackhawk, and Sunol, the portion of the counties that lies between the cities of Pleasanton and Livermore, and that portion of Alameda County which lies southeast of Interstate 580, as shown on the map attached as Exhibit B. Section 6. The name of the district shall be Tri-Valley Tourism Marketing District (TVTMD). Section 7. The annual assessment rate is three dollars and twenty-five cents ($3.25) of gross short-term room rental revenue. Based on the benefit received, assessments will not be collected on: stays of more than thirty (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. The annual assessment rate may be subject to an increase each year starting in the third year, the amount of which shall be determined by the Visit Tri-Valley Board, as described in the Plan. The total assessment rate may not exceed four dollars ($4.00). Section 8. The assessments levied for the TVTMD shall be applied toward sales & marketing and destination development programs to market assessed businesses in the Tri-Valley area as tourist, meeting, and event destinations, as described in the Plan. Funds remaining at the end of any year may be used in subsequent years in which TVTMD assessments are levied as long as they are used consistent with the requirements of this resolution and the Plan. Section 9. The TVTMD will have a ten-year term, beginning on July 1, 2022, and end on June 30, 2032, unless renewed pursuant to Streets and Highways Code § 36660. Section 10. Bonds may be issued. Section 11. The time and place for the public meeting to hear testimony on establishing the TVTMD and levying assessments are set for March 15, 2022,