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RESOLUTION NO. 09 -303 <br /> A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF PLEASANTON, <br /> APPROVING AMENDMENTS TO THE TRI- VALLEY TRANSPORTATION COUNCIL <br /> JOINT EXERCISE OF POWERS AGREEMENT AND AUTHORIZING THE CITY OF <br /> PLEASANTON REPRESENTATIVE TO ENDORSE SAID AMENDMENTS AT THE <br /> TRI- VALLEY TRANSPORTATION COUNCIL PUBLIC HEARING <br /> WHEREAS, the City of Pleasanton has joined with other Tri- Valley jurisdictions to form <br /> the Tri Valley Transportation Council (TVTC), and cooperatively participated in the development <br /> and adoption of the Tri Valley Transportation Plan /Action Plan (TVTP /AP) for Routes of <br /> Regional Significance; and <br /> WHEREAS, the TVTP /AP indentified 11 high priority transportation improvements to the <br /> regional transportation system necessary to accommodate traffic growth from ongoing <br /> development in the Tri Valley area and elsewhere; and <br /> WHEREAS, the City of Pleasanton has entered into a Joint Exercise Powers of <br /> Agreement "JEPA in 1998 with other Tri Valley jurisdictions to implement a Tri Valley <br /> Transportation Development Fee (TVTDF) to fund all or part of the $763 million cost of these 11 <br /> original high priority projects in the TVTP /AP; and <br /> WHEREAS, since its inception, the TVTDF collected have been used to help complete <br /> several of these 11 high priority projects which are now referred to as "List A" projects which <br /> now have an unfunded balance of $369 million (2008$); and <br /> WHEREAS, in recognition of this shortfall, the TVTC authorized an update of its original <br /> Fee Nexus Study to determine the funding levels necessary to complete the remaining original <br /> "List A" projects and to help fund 11 new transportation improvements that have emerged from <br /> various Tri Valley transportation planning efforts, referred to as "List B" projects; and <br /> WHEREAS, projects from both "List A" and "List B" have a collective unfunded balance <br /> of $1.4 billion and the TVTC proposed a phased increase to partially address this significant <br /> shortfall in 2008; and <br /> WHEREAS, the proposed phased fee increase did not receive the unanimous support <br /> necessary to amend the TVTC JEPA required to implement the fee increase; and <br /> WHEREAS, TVTC elected to defer the adoption of the proposed fee increase until such <br /> time as a Strategic Expenditure Plan (SEP) can be completed to prioritize "List A" and "List B" <br /> projects; and <br /> WHEREAS, TVTC agreed to adopt minor non controversial and "housekeeping" related <br /> amendments to the JEPA in advance of adopting an updated SEP, which include: <br /> a. Adoption of an affordable housing exemption; <br /> b. Correction on the method in which the "Other" fee category is calculated to be <br /> equivalently reflective of the true cost per trip; <br /> c. Amendment of the administrative fee language to provide a mechanism to fund <br /> administrative services; and <br />