RES 12588 - Laserfiche WebLink

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#105034 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 (226) 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 271) 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 PASSED, APPROVED AND ADOPTED by the City Council of the City of Pleasanton at a regular meeting held on December 4, 2012. 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 4`h day of December, 2012 by the following vote: Ayes: Councilmembers Brown, Cook-Kallio, Pentin, Mayor Thorne Noes: None Absent: None Abstain: None Karr'iaz, City Cllr APPROVED AS TO FORM: Jortat an P. Lowell, City Attorney