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Page 6 of 6 <br />2 timeline is $31,200 plus travel expenses. The cost of the proposed conservative Phase 2A – <br />Outreach for 4 months is $24,960 and Phase 2B – Formation for 6 months is $37,440 for a <br />total of $62,400 plus travel expenses. Travel for Civitas Advisors staff to attend open houses <br />and meetings would be required, and expenses are estimated to be approximately $650-1,000 <br />per trip. While some portion of the cost is currently budgeted in FY 2024/25, an allocation of up <br />to $70,000 to complete the PBID Formation is necessary to complete the restructure in FY <br />2025/26. <br /> <br />If a business improvement district structure update is chosen, it would take approximately <br />seven months to complete at a cost of $43,680 plus travel expenses. This amount is currently <br />budgeted in FY 2024/25. <br /> <br />Prepared by: Submitted by: Approved by: <br /> <br />Lisa Adamos, Economic <br />Development Manager <br />Pamela Ott, Assistant City Manager <br /> <br />Gerry Beaudin, City <br />Manager <br /> <br />Attachments: <br />1. Downtown Pleasanton PBID Feasibility Report <br />2. Proposed PBID Formation Timelines <br />3. PBID Feasibility Study Meeting Presentation Slides <br />