11/1/2017 11:31:42 AM
11/1/2017 9:27:52 AM
CITY CLERK - TYPE
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THE CITY OF <br />=1=1CITY COUNCIL AGENDA REPORT <br />PLEASANTON. <br />5 <br />November 7, 2017 <br />Economic Development <br />TITLE: ACCEPT DOWNTOWN PLEASANTON BUSINESS IMPROVEMENT <br />DISTRICT ADVISORY BOARD 2017 REPORT AND 2018 BUDGET AND <br />ADOPT A RESOLUTION OF INTENT TO LEVY ASSESSMENT FOR <br />2018 <br />SUMMARY <br />The Downtown Pleasanton Business Improvement District Advisory Board submitted its <br />2017 report and budget for 2018. The advisory board is recommending no modifications <br />to the District boundaries and no change in the method of levying the assessment for <br />2018. It is proposed that the 2017 report and 2018 budget be accepted and approved <br />and the assessment levy be considered by the City Council at a December 5, 2017, <br />public hearing. <br />RECOMMENDATION <br />Adopt a resolution accepting and approving the Downtown Pleasanton Business <br />Improvement District 2017 annual report and 2018 budget as prepared by the Advisory <br />Board and set the public hearing date for December 5, 2017, to levy the annual <br />assessment. <br />FINANCIAL STATEMENT <br />The current agreement between the Pleasanton Downtown Association, as manager of <br />the Downtown Pleasanton Business Improvement District, and the City requires the City <br />to match the annual assessments paid by businesses in the business improvement <br />district. In 2017, the City match from the General Fund was approximately $68,000. <br />Staff anticipates the 2018 match (if approved) will be allocated at $68,000; this is <br />included in the City's and the PDA's budgets. In addition to the direct City contribution, <br />the City adds approximately $66,000 in indirect funding which includes staff time to <br />administer the PDA assessments and contract, provide assistance and support for <br />events and business initiatives, as well as maintain downtown planters, cleaning <br />sidewalks, and garbage pickup. <br />
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