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pL£ AS NTONo Council <br /> Staff Report <br /> <br /> September 6, 2005 <br /> Economic Development <br /> <br />SUBJECT Resolution Requesting Consent to Administer Assessments for the Tri-Valley <br /> Tourism Business Improvement District <br /> <br />STAFF RECOMMENDATION: <br /> <br /> Adopt a Resolution Requesting Consent from the Cities of Livermore, <br /> Dublin and San Ramon to create the Tri-Valley Tourism Business <br /> Improvement District. <br /> <br />SUMMARY For the past year, the four Tri-Valley cities have been working with the Tri- <br /> Valley Convention & Visitors Bureau to develop new revenue sources that <br /> could fully fund CVB programs. These new revenue sources are intended to <br /> replace the funding provided by the cities that now represent 85% of the <br /> CVB's annual operating costs. One of the most reliable, and related, revenue <br /> sources would be a tourism business improvement district that assesses <br /> lodging businesses, businesses that directly benefit the most from the <br /> services delivered currently by the CVB. <br /> <br />Honorable Mayor and Members of the City Council: <br /> <br />BACKGROUND <br /> <br />The Tri-Valley Convention & Visitors Bureau (CVB) is largely supported by the four Tri-Valley <br />cities, receiving 85% of its revenue from the cities and 15% from membership dues. The City of <br />Pleasanton annually contributes approximately $180,000 to the CVB, representing 38% of the <br />organization's operating budget. Funding con~butions for the cities are based on the percentage <br />of hotel and motel rooms in each city. <br /> <br /> SR:05:242 <br /> Page 1 <br /> <br /> <br />