RES 11489 - Laserfiche WebLink

Project cost: $7,000,000 % funded by development impact fees: 45.8% Source of funding: Park Dedication In-Lieu Fees, Stoneridge Drive Specific Plan Fees (54.2%) Traffic Impact Fund (1611 Amount collected in previous fiscal years subject to 5 year limitation: $0 Funds are 100% expended as accounted for in Appendix A. Tri-Valley Transportation Fund (1661 Amount collected in previous fiscal years subject to 5 year limitation: $0 Funds are 100% expended as accounted for in Appendix A. Downtown Parking-In-Lieu Fund (2261 Amount collected in previous fiscal years subject to 5 year limitation: $0 Funds are 100% expended as accounted for in Appendix A. Lower Income Housing Fund (Fund 2711 Amount collected in previous fiscal years subject to 5 year limitation: $7,296,298 Funds are committed to the following projects: • 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: 2015 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 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 December 6, 2011. I, Karen Diaz, City Clerk of the City of Pleasanton, California, certify that the foregoing resolution was adopted by the City Council at a regular meeting held on the 61h day of December, 2011, by the following vote: Ayes: Councilmembers Cook-Kallio, McGovern, Sullivan, Thorne, Mayor Hosterman Noes: None Absent: None Abstain: None 1' �c�'( � Karen Diaz, City Clerk APPROVED AS TO FORM: Jo n P. Lowell, City Attorney