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Page 2 of 5 <br />(1X) their business license. <br />The minimum assessment is $50 and the maximum is $350. Non-profit businesses within the <br />district are not assessed. <br />Per Chapter 3, Section 36530 of the Parking and Business Improvement Area Law of 1989, <br />the City Council must complete the following three steps to levy the annual assessment for the <br />Downtown Pleasanton BID: <br />1. Appoint an advisory board to prepare the annual budget with a report describing the <br />programs and activities of the downtown business improvement district and the related <br />funding sources. The report will outline any recommended changes to the boundaries of <br />the district and/or the methodology of assessing each business; <br />2. Accept the report and budget and set a public hearing to levy the assessments; <br />3. Open and close the public hearing and adopt by resolution the assessments. <br /> <br />The following is the proposed schedule of steps: <br />8/20/2024 Ratification and Appointment of 2024 Advisory Board <br />10/15/2024 Acceptance of the 2024 Annual Report and 2025 Budget and Adoption of <br />Resolution of Intent to Levy Assessment for 2025 and Set Public Hearing <br />for 11/19/2024 <br />11/19/2024 <br />Hold Public Hearing and Adoption of Resolution Levying the Pleasanton <br />Downtown Business Improvement District Assessment for 2025 <br /> <br />DISCUSSION <br />On August 20, 2024, the City Council appointed the members of the advisory board, which has <br />since met and is recommending acceptance of the 2024 Annual report and the 2025 budget for <br />the Downtown Pleasanton Business Improvement District assessments and other revenues, <br />provided as Exhibit A. The report and budget contain the following required information: <br />1. Any proposed changes in the boundaries of the district. For 2025, there are no <br />proposed boundary changes. <br />2. The activities to be funded during the calendar year, and an estimate of the cost of <br />providing those activities. <br />3. The method of levying the assessment in sufficient detail to allow each business owner <br />to estimate the amount to be levied against the business for the year. There are no <br />proposed changes in the method of levying the assessment for 2025. <br />4. The amount of any surplus or deficit revenues carried over from a previous year. <br />5. Contributions to be made from sources other than the assessments levied. <br /> <br />Page 11 of 218