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THE CITY OF ~ O <br />j~L£~S~4NTONe CITY COUNCIL AGENDA REPORT <br />December 2, 2008 <br />Finance <br />TITLE: PLEASANTON DOWNTOWN BUSINESS IMPROVEMENT DISTRICT <br />ADVISORY BOARD REPORT AND BUDGET AND INTENT TO LEVY <br />THE ASSESSMENT FOR 2009 <br />SUMMARY <br />The Pleasanton Downtown Association (PDA) Advisory Board report and budget for <br />2009 are attached. The Advisory Board is not recommending any modifications to the <br />district boundaries or to the method of levying the assessment for 2009. The budget and <br />the assessment levy will be set for a December 16, 2008 public hearing. <br />RECOMMENDATION <br />Accept the annual report and 2009 budget prepared by the PDA Advisory Board and set <br />a public hearing date for December 16, 2008 to levy the annual assessment. <br />FINANCIAL STATEMENT <br />In addition to the estimated $62,000 revenue match by the City, the City General Fund <br />contributes approximately $75,000 in direct and indirect funding for holiday lights, <br />seasonal banners and the Hometown Holiday Celebration. Additional indirect funding of <br />approximately $50,000 includes City staff hours to collect and administer the PDA <br />assessment, as well as the cost to maintain downtown planters, cleaning sidewalks, <br />garbage pickup, and staff time for special events. <br />