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THE CITY OF 7 <br /> 7 <br /> pLE ASANTCITY COUNCIL AGENDA REPORT <br /> October 15, 2019 <br /> Economic Development <br /> TITLE: ACCEPT DOWNTOWN PLEASANTON BUSINESS IMPROVEMENT <br /> DISTRICT ADVISORY BOARD 2019 REPORT AND 2020 BUDGET AND <br /> ADOPT A RESOLUTION OF INTENT TO LEVY ASSESSMENT FOR 2020 <br /> SUMMARY <br /> The Downtown Pleasanton Business Improvement District Advisory Board submitted its <br /> year-to-date 2019 report and budget for 2020. The advisory board is recommending no <br /> modifications to the District boundaries and no change in the method of levying the <br /> assessment for 2020. It is proposed the 2019 report and 2020 budget be accepted and <br /> approved and a public hearing to consider assessment of the levy be set for November <br /> 19, 2019. <br /> RECOMMENDATION <br /> Adopt a resolution accepting and approving the Downtown Pleasanton Business <br /> Improvement District 2019 annual report and 2020 budget as prepared by the Advisory <br /> Board, and set the public hearing date for November 19, 2019, 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 2019, the City match from the General Fund is estimated to be approximately <br /> $81 ,000. Staff anticipates the 2020 match (if approved) will be around $75,000; this is <br /> included in the City's and the PDA's budgets. In addition to the direct City contribution, <br /> the City provides a significant amount in indirect funding which includes staff time to <br /> administer the PDA assessments and contract, assistance and support for events and <br /> business initiatives, as well as the cost to maintain downtown planters, cleaning <br /> sidewalks, and garbage pickup, and related upkeep and improvements. <br />