RES 11437 - Laserfiche WebLink

• Kottinger Place Redevelopment — project #271002 Description: Redevelopment of Kottinger Place with an increase in units ranging from 120 to 150 units. Approximate project completion date: 2014 Project cost: $42,000,000 % funded by development impact fees: 19% Source of funding: Lower Income Housing Fees, Tax Credits, HUD 202 Funds, private bank loans Water Expansion Fund (355) Amount collected in previous fiscal years subject to 5 year limitation: $280,356 Funds are committed to the following projects: • Nevada Street Water Main Extension — project #941015 Description: Installation of a 16' water transmission line from Stanley Boulevard to Zone 7 Water Turnout No. 5 at Bernal Avenue. Approximate project completion date: 2013/14 Project cost: $606,000 % funded by development impact fees: 34.4% Source of funding: Water Connection Fees; Water Replacement Funds (65.6 %) • Upper Ruby Hills Expansion — project #121026 Description: Installation of an additional storage reservoir to supply upper Ruby Hill water. Approximate project completion date: 2013 Project cost: $800,000 % funded by development impact fees: 50% Source of funding: Water Connection Fees; Water Replacement Funds (50 %) Sewer Expansion Fund (356) Amount collected in previous fiscal years subject to 5 year limitation: $192,044 Funds are committed to the following projects: • Del Valle Parkway /Nevada Street Sewer Additions — project #902028 Description: Installation of a 16" sewer main line from Stanley Boulevard to Bernal Avenue. Approximate project completion date: 2013/14 Project cost: $1,222,700 % funded by development impact fees: 64.7% Source of funding: Sewer Connection Fees; Sewer Replacement Funds (35.3 %) Section 2: City Clerk shall certify to the passage of this resolution and enter it into the book of original resolutions. PASSED, APPROVED AND ADOPTED by the City Council of the City of Pleasanton at a regular meeting held on April 19, 2011.