9/12/2018 4:45:59 PM
9/12/2018 4:45:56 PM
CITY CLERK - TYPE
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THE CITY OF 7 <br /> CITY COUNCIL AGENDA REPORT <br /> LAT6L <br /> September 18, 2018 <br /> Economic Development <br /> TITLE: ACCEPT DOWNTOWN PLEASANTON BUSINESS IMPROVEMENT <br /> DISTRICT ADVISORY BOARD 2018 REPORT AND 2019 BUDGET AND <br /> ADOPT A RESOLUTION OF INTENT TO LEVY ASSESSMENT FOR 2019 <br /> SUMMARY <br /> The Downtown Pleasanton Business Improvement District Advisory Board submitted its <br /> year-to-date 2018 report and budget for 2019. The advisory board is recommending no <br /> modifications to the District boundaries and no change in the method of levying the <br /> assessment for 2019. It is proposed that the 2018 report and 2019 budget be accepted <br /> and approved and the assessment levy be considered by the City Council at an October <br /> 16, 2018, public hearing. <br /> RECOMMENDATION <br /> Adopt a resolution accepting and approving the Downtown Pleasanton Business <br /> Improvement District 2018 annual report and 2019 budget as prepared by the Advisory <br /> Board and set the public hearing date for October 16, 2018, 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 2018, the City match from the General Fund will be approximately $75,000. <br /> Staff anticipates the 2019 match (if approved) will similarly continue to be around <br /> $75,000; this is included in the City's and the PDA's budgets. In addition to the direct <br /> City contribution, the City provides a significant amount in indirect funding which <br /> includes staff time to administer the PDA assessments and contract, assistance and <br /> support for events and business initiatives, as well as the cost to maintain downtown <br /> planters, cleaning sidewalks, and garbage pickup. <br />
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