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Neighborhood Park Development Fund (Fund 1591 Amount collected in previous fiscal years subject to 5 year limitation: $209,573 Funds are committed to the following project: • Staples Neighborhood Park— Projects#037028 and #117033 Description: Construction of a 5 acre neighborhood park with a 3.3 acre storm water detention basin. Approximate project completion date: 2013 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: $145,725 Funds are committed to the following project: • Bus Pullout - Santa Rita Road at Stoneridge Drive — Project#1050:34 Description: Construction of a bus pullout on southbound Santa Rita Road south of Stoneridge Drive. Approximate project completion date: 2013 Project cost: $150,000 % funded by development impact fees: 100% Source of funding: Traffic Impact Fees Tri-Valley Transportation Fund (166) 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: $8,442,973 Funds are committed to the following project: • Kottinger Place Redevelopment— Project#271002 Description: Redevelopment of Kottinger Place with an increase in units ranging from 172 to 189 units. Approximate project completion date: 2015 Project cost: $58,000,000 to $62,000,000 % funded by development impact fees: 14.6% to 13.6% 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.