SR 05:270 - Laserfiche WebLink

/ -..., 4D - pLEASANTONo City Council Staff Report October 4, 2005 Economic Development SUBJECT Resolution of Intention to Establish the Tri-Valley Tourism Business Improvement District STAFF RECOMMENDATION: Adopt a Resolution of Intention to establish the Tri-Valley Tourism Business Improvement District SUMMARY For the past year, the four Tri-Valley cities have been working with the Tri- Valley Convention & Visitors Bureau to develop new revenue sources that could fully fund CVB programs. These new revenue sources are intended to replace the funding provided by the cities that now represent 85% of the CVB's annual operating costs. One of the most reliable, and related, revenue sources would be a tourism business improvement district that assesses lodging businesses, businesses that directly benefit the most from the services delivered currently by the CVB. As part of the process of establishing a tourism business improvement district, the City of Pleasanton adopted a Resolution Requesting Consent from the Cities of Dublin, Livermore and San Ramon to form such a district. The City Councils of Dublin, Livermore and San Ramon have each adopted Resolutions Granting Consent to the City of Pleasanton to form such a district. The attached Resolution of Intention is the next procedural step in forming the district and sets December 6, 2005 as the date of the public hearing to consider protests to the formation of the district. Honorable Mayor and Members of the City Council: BACKGROUND The Tri-Valley Convention & Visitors Bureau (CVB) is largely supported by the four Tri-Valley cities, receiving 85% of its revenue from the cities and 15% from membership dues. The City of Pleasanton annually contributes approximately $180,000 from the General Fund to the CVB, SR:05:270 Page 1