SR 05:272 - Laserfiche WebLink

" 4H \. pLEASANTONc City Council Staff Report October 4, 2005 Economic Development SUBJECT FUNDING FOR TRI-V ALLEY BUSINESS COUNCIL STAFF RECOMMENDATION: Allocate $25,000 to the Tri-Valley Business Council to support regional economic development programs. SUMMARY For several years, the City of Pleasanton has allocated funds to support specific Tri-Valley Business Council programs and initiatives. Last fiscal year, in response to a discussion by the Tri-Valley Council about the focus of the Business Council's programs, the City of Pleasanton did not allocate funding. At the guidance of the Tri-Valley Council, the Business Council has invited the Tri-Valley Mayors and City Managers to sit on an Executive Roundtable to assist in defining and prioritizing programs to ensure consistency with the work of each City Council. Given the opportunity to influence policy and program direction of the Business Council, the City Council is asked to consider allocating funding in the amount of$25,000. Honorable Mayor and Members of the City Council: BACKGROUND The Tri-Valley Business Council was formed in 1992 as a non-profit, private sector group of businesses and organizations located in Pleasanton, Dublin, Livermore, San Ramon and Danville. The Business Council's stated goal is "to assemble, organize and coordinate the talents and resources of the business and professional leadership in the Tri-Valley area for the purpose of assisting the public sector and community in the identification, examination and successful resolution of Tri-Valley issues affecting economic development and the quality of life in the valley." The City of Pleasant on has supported the Business Council's work in the past. In FY 1996-97, the City contributed $5,000 toward the Tri-Valley Economic Vitality Initiative; those funds were SR:05:272 Page 1