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THE CITY OF 7 CITY COUNCIL AGENDA REPORT LAT6L September 18, 2018 Economic Development TITLE: ACCEPT DOWNTOWN PLEASANTON BUSINESS IMPROVEMENT DISTRICT ADVISORY BOARD 2018 REPORT AND 2019 BUDGET AND ADOPT A RESOLUTION OF INTENT TO LEVY ASSESSMENT FOR 2019 SUMMARY The Downtown Pleasanton Business Improvement District Advisory Board submitted its year-to-date 2018 report and budget for 2019. The advisory board is recommending no modifications to the District boundaries and no change in the method of levying the assessment for 2019. It is proposed that the 2018 report and 2019 budget be accepted and approved and the assessment levy be considered by the City Council at an October 16, 2018, public hearing. RECOMMENDATION Adopt a resolution accepting and approving the Downtown Pleasanton Business Improvement District 2018 annual report and 2019 budget as prepared by the Advisory Board and set the public hearing date for October 16, 2018, to levy the annual assessment. FINANCIAL STATEMENT The current agreement between the Pleasanton Downtown Association, as manager of the Downtown Pleasanton Business Improvement District, and the City requires the City to match the annual assessments paid by businesses in the business improvement district. In 2018, the City match from the General Fund will be approximately $75,000. Staff anticipates the 2019 match (if approved) will similarly continue to be around $75,000; this is included in the City's and the PDA's budgets. In addition to the direct City contribution, the City provides a significant amount in indirect funding which includes staff time to administer the PDA assessments and contract, assistance and support for events and business initiatives, as well as the cost to maintain downtown planters, cleaning sidewalks, and garbage pickup.