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review by an independent Certified Public Accountant. The agreement specifies Visit <br /> Tri-Valley will maintain a complete lodging properties database and accompanying <br /> assessment records to accurately reflect the status of the lodging businesses. This is <br /> the same relationship that the City of Pleasanton currently has in place for the business <br /> improvement district managed by the Pleasanton Downtown Association. <br /> The term of the renewed district will be ten years — until June 30, 2032 — after which the <br /> cities and counties will need to determine whether to again extend the term of the <br /> district or to dissolve it. However, because the district will not have other financial <br /> obligations, the City of Pleasanton could terminate the district in a 30-day annual <br /> window at the request of lodging businesses that pay 50% or more of the assessment, <br /> or in cases of misappropriation of funds, malfeasance, or violation of law. <br /> bmitted by: Fis I Review: Approved by: <br /> amela Ott Tina Olson Brian Dolan <br /> ting Assistant City Manager Director of Finance Acting City Manager <br /> Page 4 of 4 <br />