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Seems correct to me but had to manage pdb level specific parameter also.
Also this type of implementation seems more of Database as a Service Model.
Yet you can call that as a Private Database cloud as it is in control of one Enterprise.
Do go through this PDF as it is quite informative with respect to above mentioned implementation:
It does have one section related to Multitenancy.
Let me know if you need any more information.
If your issue got resolved do close this thread.