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In general, staff anticipates stable gas tax and highway related revenues during the term of the CIP and
<br /> as reflected above, a total of$6,615,189 is anticipated over the next two years from the primary street
<br /> revenue sources. As noted in the table below, gas taxes are estimated to be $2,070,375 in FY2013-14
<br /> which compares to $1,974,811 actually received in FY2011-12. The table below details all street
<br /> maintenance and improvement funds, less development fees and beginning balances included in the CIP.
<br /> SUMMARY OF HIGHWAY MAINTENANCE AND IMPROVEMENT FUNDS
<br /> RECURRING HIGHWAY MAINTENANCE FUNDS
<br /> Source 2013-14 2014-15 2015-16 2016-17 Total
<br /> Gas Tax $2,070,375 $2,070,500 $2,070,500 $2,070,500 $8,281,875
<br /> Measure B Roadway $710,978 $711,000 $711,000 $711,000 $2,843,978
<br /> State Vehicle Registration $326,733 $326,700 $326,700 $326,700 $1,306,833
<br /> Measure B Trails&Pedestrian $198,903 $200,000 $200,000 $200,000 $798,903
<br /> Grants $1,012,745 $834,400 $0 $0 $1,847,145
<br /> Total $4,319,734 $4,142,600 $3,308,200 $3,308,200 $15,078,734
<br /> Of note, included in the above table is $1,034,400 funding from the State's Highway Bridge Grant
<br /> Program (HBP) for the Bridge Painting: Bernal Bridge over the Arroyo de la Laguna and the Bridge
<br /> Improvements at Various Locations projects and a $709,000 Congestion and Air Quality (CMAQ) grant
<br /> for the I-580 at Foothill Road Improvements- Phase 3 project.
<br /> In addition to the above state and regional revenues, the CIP includes development related revenue from
<br /> the Tri-Valley Transportation Fee, the Dougherty Valley Mitigation Fees and City Transportation
<br /> Improvement Fees. Staff estimates that the City's 20% share of the Tri-Valley Transportation
<br /> Development Fee will generate approximately $468,000 during the next four years of this program and a
<br /> total of$248,000 of this amount has been included in the Tri-Valley Transportation Fees Reserve project
<br /> as a means of segregating it from other traffic related revenue. The existing beginning project reserve of
<br /> $160,000 and the $220,000 projected for FY 2013-14 is being allocated to the 1-580 at Foothill Road
<br /> Improvements- Phase 3 project as part of that project's overall funding. Also, this amount does not
<br /> factor in any fee adjustments and the amount is potentially volatile since it is based on development
<br /> activity.
<br /> Dougherty Valley Mitigation Fees are estimated at $32,000 over the four years of the CIP. This funding
<br /> is being placed in the Dougherty Valley Mitigation Reserve Fund which has a current balance of
<br /> $96,574 which will also be applied to the I-580 at Foothill Road Improvements- Phase 3 project.
<br /> City Transportation Improvement Fees (TIF) are estimated to be $891,315 over the four years of the
<br /> CIP. However, this amount does not include any funds from the recently approved California Center
<br /> multi-family apartment project or the other multi-family projects that are currently under review.
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