11/29/2017 10:14:19 AM
11/29/2017 10:14:19 AM
CITY CLERK - TYPE
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THE CITY OF 5 <br /> CITY COUNCIL AGENDA REPORT <br /> pLEASANTONo <br /> December 5, 2017 <br /> Economic Development <br /> TITLE: ADOPT A RESOLUTION LEVYING THE DOWNTOWN PLEASANTON <br /> BUSINESS IMPROVEMENT DISTRICT ASSESSMENT FOR 2018 <br /> SUMMARY <br /> The Downtown Pleasanton Business Improvement District Advisory Board's 2017 annual <br /> report and 2018 budget were presented to and approved by the City Council on November <br /> 7, 2017. The Council is now asked to hold a public hearing and consider adoption of a <br /> resolution levying the Downtown Pleasanton Business Improvement District assessment <br /> for 2018. <br /> RECOMMENDATION <br /> Staff recommends the City Council hold a public hearing and adopt a resolution levying <br /> the Downtown Pleasanton Business Improvement District assessment for 2018. <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 Pleasanton Downtown Association's budgets. In addition <br /> to the direct City contribution, the City adds approximately $66,000 in indirect funding <br /> which includes staff time to administer the PDA assessments and contract, provide <br /> assistance and support for events and business initiatives, as well as maintain <br /> downtown planters, cleaning sidewalks, and garbage pickup. <br />
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