City of Pleasanton
11/10/2021 3:04:22 PM
11/10/2021 3:04:20 PM
CITY CLERK - TYPE
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THE CITY OF IN I <br />�"CITY COUNCIL AGENDA REPORT <br />PLEASANTON. <br />November 16, 2021 <br />Economic Development <br />TITLE: ADOPT A RESOLUTION LEVYING THE DOWNTOWN PLEASANTON <br />BUSINESS IMPROVEMENT DISTRICT ASSESSMENT FOR 2022 <br />SUMMARY <br />The Downtown Pleasanton Business Improvement District Advisory Board's 2021 <br />annual report and 2022 budget were presented to and approved by the City Council on <br />October 19, 2021. The Council is now asked to hold a public hearing and consider <br />adoption of a resolution levying the Downtown Pleasanton Business Improvement <br />District assessment for 2022. <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 2022. <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 2021, the City match from the General Fund will be approximately $65,000. <br />The PDA's provisional 2022 budget is built on an estimated $73,000 for the annual <br />assessment; the City's match is included in the City's current budget. <br />In addition to the direct City contribution, the City provides a significant amount in <br />indirect funding which includes staff time to administer the PDA assessments and <br />contract, assistance and support for events and business initiatives, as well as the cost <br />to maintain downtown planters, cleaning sidewalks, and garbage pickup. <br />r: <br />
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