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the approved $250,000 for each of the grant programs to provide funding for more than the anticipated number of applications. FINANCIAL STATEMENT There are no fiscal expenditures related to termination of the local emergency due to the COVID-19 pandemic. With the end of the local emergency, repayment of any unpaid Business Support Fund loans will be initiated, with the first payment due on April 1, 2023. BACKGROUND On March 23, 2020, the City Council approved a resolution ratifying a Proclamation of the Existence of a Local Emergency due to the COVID-19 pandemic, following a declaration of emergency in the State of California on March 4, 2020. As a result of the immediate restrictions the public health emergency necessitated, many Pleasanton businesses — and by extension, their employees — faced significant challenges, including little to no revenue. On April 15, 2020, the City Council approved a program to assist businesses and residents due to loss of income, comprised of four key program elements: Transient Occupancy Tax Penalties Waiver, City Utilities Penalties Waiver and Deposit Deferral, a Business Support Fund, and Communication and Promotion. Since that time, the City has been implementing this and related programs to support Pleasanton businesses individually, and the local economy more broadly, over the past three years. With the widespread availability of vaccinations that has served to significantly decrease COVID case rates, all county and state restrictions have been removed such that businesses have returned to full operations. To inform the City Council's termination of the local emergency, the following overview serves as a recap of the Business Assistance Program, in addition to other actions, activities, and programs the City engaged in to support the community during the pandemic. Business Assistance Program Transient Occupancy Tax Penalties Waiver Transient Occupancy Tax (TOT) quarterly payments were due on March 31, 2020, for the January-February-March quarter, and June 30, 2020, for the April-May-June quarter respectively. To allow the hotels to utilize the collected funds for near-term operating costs and employee retention due to loss of revenues, this program element suspended fines, penalties and interest for TOT payments as imposed by the Pleasanton Municipal Code. Both quarterly payments were due in full to the City on July 31, 2020. Four Pleasanton hotels provided a written request for the waiver to the Director of Finance; these waivers were granted and all TOT payments were subsequently remitted in full to the City. City Utilities Penalties and Deposit Deferral To provide relief for residential and businesses customers during the local emergency, the City Manager issued Resolution 20-1143 which ratified the waiver of fines and penalties on existing accounts and deferred new City utility account deposits. New Page 2 of 6