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THE CITY OF - '_:ss: : 5 - " -'-T "' CITY COUNCIL AGENDA REPORT pLEASANTON. October 16, 2018 Economic Development TITLE: ADOPT A RESOLUTION LEVYING THE DOWNTOWN PLEASANTON BUSINESS IMPROVEMENT DISTRICT ASSESSMENT FOR 2019 SUMMARY The Downtown Pleasanton Business Improvement District Advisory Board's 2018 annual report and 2019 budget were presented to and approved by the City Council on September 18, 2018. The Council is now asked to hold a public hearing and consider adoption of a resolution levying the Downtown Pleasanton Business Improvement District assessment for 2019. RECOMMENDATION Staff recommends the City Council hold a public hearing and adopt a resolution levying the Downtown Pleasanton Business Improvement District assessment for 2019. 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.