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TVTC 2009 Strategic Expenditure Plan Update <br /> Updated Project Descriptions August 4, 2009 <br /> B -7. El Charro Road Extension from Stoneridge Drive /Jack London Boulevard to <br /> Stanley Boulevard <br /> TVTC Lead Sponsor: <br /> a z City of Pleasanton <br /> a .f Lead Agency: <br /> City of Pleasanton <br /> Project Description: <br /> o The City of Pleasanton is linked to <br /> the City of Livermore by I -580, <br /> Stanley Boulevard, and Vineyard <br /> 1::7- Avenue. Currently, any connection <br /> between I -580 and Stanley <br /> Boulevard must use Santa Rita Road through Pleasanton, which is very congested in the peak <br /> hours. The construction of El Charro Road connecting I -580 and Stanley Boulevard through <br /> Pleasanton will relieve congestion along Santa Rita Road, and provide greater mobility between <br /> the two Livermore /Pleasanton east -west connecting roadways. This project relates to the <br /> construction of the second Phase of El Charro Road extension between I -580 and Stoneridge <br /> Drive /Jack London Boulevard and Stanley Boulevard as a 4 -lane divided road. This portion is <br /> estimated to be about 1.7 miles in length. <br /> Status: <br /> The southern portion of El Charro Road will continue to serve private access only, until the City <br /> of Pleasanton completes an East Side Specific Plan (begin in 2010). It is anticipated that the <br /> project will be constructed with the first stages of the East Side Specific Plan development. <br /> Phasing and Schedule: <br /> El Charro Road is currently a private roadway. The El Charro Extension project will be <br /> completed in two phases. There are development plans approved to construct the northern <br /> segment of this roadway (between I -580 and Stoneridge Drive /Jack London Boulevard). <br /> Construction of the northern segment of El Charro Road is anticipated to begin in 2010. The <br /> 2009 SEP Update, however, only includes the second Phase, which would extend El Charro <br /> Road from Stoneridge Drive /Jack London Boulevard to Stanley Boulevard. The timeline for this <br /> Phase is dependent on the status an East Side Specific Plan (slated to begin in 2010). This plan <br /> will identify the land use and circulation along the Future El Charro Road and may identify a <br /> timeline for opening of this roadway for public use. It is anticipated that the project will be <br /> constructed with the first stages of the East Side Specific Plan development. <br /> Cost Estimates and Funding Sources: <br /> Cost (Millions, 2009) $43.65 <br /> Funding (Millions, 2009) <br /> Pleasanton TIF $13.5 <br /> Total Funding (Millions, 2009) $13.5 <br /> Funding Shortfall (Millions, 2009) $30.15 <br /> Kimley -Horn and Associates, Inc. Page 25 <br />