SR 05:270 - Laserfiche WebLink

TVTBID shall be the cities of Pleasant on, Livermore, Dublin, and San Ramon as illustrated on the attached map (Exhibit A). The TVTBID shall include all lodging businesses located within these boundaries with 35 rooms or more that are available to the public. Section 5. The name of the district shall be the Tri-Valley Tourism Business Improvement District. Section 6. The TVCVB proposes to administer marketing programs to promote the Tri-Valley area as a tourism destination and to fund projects, programs, and activities that benefit lodging businesses within the boundaries ofthe District. Section 7. The TVTBID assessment is proposed to be levied on all lodging businesses within the TVTBID boundaries that have 35 rooms or more and are available to the public based upon a flat rate of $1.00 per paid occupied room per night. Each city shall be responsible for collecting the assessments from the lodging businesses subject to the assessment within that city. Lodging businesses within the boundaries of the TVTBID with 35 rooms or more that are available to the public that begin operation after the formation of the TVTBID shall be subject to the assessment. Assessments pursuant to the TVTBID shall not be included in gross room rental revenue for purpose of determining the amount of the transient occupancy tax. Each city shall determine whether a stay is exempt from the assessment; in Pleasanton, stays by persons who are otherwise exempt from paying the City's Transient Occupancy Tax shall be exempt from the assessment. Section 8. The TVTBID will have a five-year term, but the term may be reduced if all cities agree. Section 9. It is estimated that the annual assessments will be $1,000,000. The funds raised shall be spent within the boundaries of the TVTBID on marketing and promotions to increase tourism and market the Tri-Valley area as a tourist, meeting, and event destination. Funds remaining at the end of any year may be used in subsequent years in which TVTBlD assessments are levied as long as they are used consistent with the requirements of this Resolution. If the term of the TVTBID is not extended beyond five years (or if the term of the TVTBID is less than five years) and there are funds remaining at the end of the term, such funds may be used for purposes consistent with the requirements of this Resolution. Section 10. The Cities of Livermore, Dublin, and San Ramon shall transmit their collected assessments to the City of Pleasanton who shall administer the funds collected. Section 11. No bonds will be issued for the TVTBID. Section 12. The time and place for the public hearing to establish the TVTBID and the levy of the assessments is set for December 6, 2005 at 7:00 p.m. at the City of