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The cities of Dublin and Livermore, Town of Danville, 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°A) of the total assessment collected from all jurisdictions, to cover the costs of collection and administration. Per the MDP, Visit Tri-Valley will place up to 5% of all Tri-Valley Tourism Marketing District assessments received into a Contingency Fund. If there are contingency funds collected, they may be held in a reserve fund or utilized for other program, administration, or renewal costs at the discretion of the VTV board. DISCUSSION To begin the formal process of renewing the Tri-Valley Tourism Marketing District, on January 18, 2022, the City Council adopted both a Resolution of Intention to renew the business improvement district and a Resolution Requesting Consent from the Cities Dublin and Livermore, Town of Danville, and Contra Costa County. In each of the participating jurisdictions, 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. From the January 19, 2022, 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 March 15, 2022, is to hear any protest to the renewal of the Tri-Valley Tourism Marketing District. All 40 lodging businesses proposed to be included in the district were sent notice of this public meeting and the April 19, 2022, public hearing to adopt a Resolution Renewing the Tri-Valley Tourism Marketing District effective July 1, 2022. 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 April 19 meeting. A second reading to adopt the ordinance will be on the City Council's May 3, 2022, meeting agenda. The ordinance defines the boundaries of the TVTMD, allows for the collection of assessments and provides the power to contract with a non-profit organization —Visit Tri-Valley—to carry out the marketing and promotion purposes for which the assessments are levied. The agreement between the City of Pleasanton and Visit Tri- Valley defines the roles and responsibilities of the parties in how district services are provided. To ensure there is financial oversight by the cities and counties, the agreement specifically requires Visit Tri-Valley to prepare and submit a fiscal year budget and an annual report, to each of the agencies, for each year in which assessments are levied and collected. The agreement also requires an annual financial Page 3 of 4