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a. Affordable Housing Exemption: This amendment provides a TVTC Fee exemption for all very low, low, and moderate income affordable housing units meeting the agency's affordable housing guidelines. For Pleasanton, the guidelines are set forth in Sections 17.40.020 (Lower Income Housing Fees) and 17.44 (Inclusionary Zoning) of the Pleasanton Municipal Code (PMC) which define affordable housing developments. As indicated, previously, the TVTC established guidelines based on state standards for housing developments having a minimum affordability term of 55 years (for multi family) and 45 (for single family) based on the percentage of affordable housing units to the total number of units in the project. However, due to inconsistencies with existing affordability guidelines in various member agencies, the amendment has been changed to indicate that the fee exemption may apply to affordable units that are "defined by state or local laws or regulations, with affordability terms as determined by each Party (agency) in its sole discretion." (See Section 2 of Exhibit A to Attachment 1.) b. Correction of the "Other" Fee Category: Provides a correction to how this fee category is calculated in the TVTD Fee schedule, to be consistent with its original intent to be equivalently reflective of the true cost per trip. This correction in the fee category will go into effect upon approval of the resolution. c. Administration: Amend the administrative fee language to provide a mechanism to fund administrative services, allowing for the one -half of the one percent of the TVTDF collected to be used towards the provision of administrative staffing services. The other one -half of the one percent would continue to be used for the provision of Treasurer Services. d. Fee Deferral: Incorporate a reference to the new state legislation that allows local jurisdictions to defer the collection of fees until Building Occupancy. JEPA Amendment Process An amendment to the TVTC JEPA requires unanimous approval of all seven member jurisdictions, and any amendments that require adjustment to the TVTDF involves a three -step process: Step 1 Local Approval: In this first step, all member jurisdictions were asked to support the proposed amendment and authorize their representative to endorse the proposal at an upcoming TVTC meeting. Step 2 TVTC Approval: The TVTC took formal action to approve the proposed amendment at a noticed public hearing. Page 3 of 4