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<br />action teams will then be mobilized around the identified priorities to develop a written compact <br />describing approach, initiatives, and measurable outcomes. During this phase, joint ventures <br />among businesses, the Labs, and education will be identified. <br />This fiscal year, the City of Livermore has given $25,000 to support the Business Council, and <br />the Town of Danville has provided $10,000. The City of Dublin has given the Business Council <br />$10,000, and has indicated they may consider allocating an additional $15,000 if equal funding <br />(in the amount of $25,000) is provided by the Cities of Pleasant on and San Ramon and the Town <br />of Danville. <br />FISCAL IMP ACT <br />If the City Council approves an allocation of $25,000 to the Tri-Valley Business Council, there <br />are sufficient funds in the FY 2005-2006 Operating Budget. <br />Respectfully Submitted, AL~ <br /> ~~~..~.; <br /> Susan Rossi Nelson Fialho <br /> Finance Director City Manager <br />SR:05:272 <br />Page 3 <br />