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9 THE CITY OF --� m"* "' CITY COUNCIL AGENDA REPORT pLEASANT0\ October 18, 2022 Economic Development TITLE: ACCEPT DOWNTOWN PLEASANTON BUSINESS IMPROVEMENT DISTRICT ADVISORY BOARD 2022 REPORT AND 2023 BUDGET AND ADOPT A RESOLUTION OF INTENT TO LEVY ASSESSMENT FOR 2023 SUMMARY The Downtown Pleasanton Business Improvement District Advisory Board submitted its year-to-date 2022 report and budget for 2023. The advisory board is recommending no modifications to the district boundaries and no change in the method of levying the assessment for 2023. It is proposed that the 2022 report and 2023 budget be accepted and approved, and a public hearing to consider assessment of the levy be set for November 15, 2022. RECOMMENDATION Adopt a resolution accepting and approving the Downtown Pleasanton Business Improvement District 2022 annual report and 2023 budget as prepared by the Advisory Board, and set the public hearing date for November 15, 2022, 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 2022, the City match from the General Fund is estimated to be approximately $75,000. The PDA's provisional 2023 budget is built on an estimated $75,000 for the annual assessment which is commensurate with previous years' estimates; the City's match is included in the City's current budget. 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.