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1 M <br /> � Kiewit PAUL E.WHITE <br /> Director of Real Estate <br /> (402)271-2806 (402)2712830 fax <br /> Paul whrterxiewrt oom <br /> August 5, 2013 <br /> VIA: E-Mail and U.S. Mail <br /> Honorable Mayor and City Council Members <br /> c/o City Clerk <br /> City of Pleasanton <br /> 123 Main Street <br /> Pleasanton, CA 94566 <br /> RE Council Agenda Item 6(a) August 6, 2013: PUD Approval for 3150 Bernal Ave <br /> Request to Require Subject Property to Pay a Fair Share of El Charro Extension <br /> Costs <br /> Dear Honorable Mayor and City Council Members: <br /> Kiewit Infrastructure Co. would like to first express our support for the subject <br /> application. The project appears well designed and should be a good addition to the <br /> community. <br /> In reviewing the Staff Report and the Development Agreement, we are unable to <br /> find any indication that the project is being required to pay any portion of the future <br /> extension of El Charro from Stanley to Stoneridge Drive. During the Housing Element <br /> Update process, the issue of having this property pay its fair share of the El Charro <br /> extension costs was raised numerous times. At the January 4, 2012 Council meeting <br /> where Council approved the ordinance to rezone the property, the issue was raised by <br /> Councilmember Sullivan and Mr. Dolan indicated they would accomplish this <br /> requirement during the PUD process. Also at this meeting, Mr. Pringle, representing the <br /> applicant, assured Council that "they are willing to pay their fair share of an El Charro <br /> extension like other property owners which would benefit from it". Minutes from the <br /> January 4, 2012 Council Meeting are attached for your reference, please see pages 8 <br /> and 10. <br /> The current estimated costs for major infrastructure in the East Pleasanton <br /> Specific Plan are over $60 million. The El Charro/Stanley railroad underpass and El <br /> Charro Road improvements represent approximately $35 million of the total. We do not <br /> know what a "fair share" amount would be but with 345 homes and 38,781 s.f. of retail, <br /> it is not insignificant. At a minimum, we would request that the projects City of <br /> Pleasanton Traffic Development fees be directed towards the El Charro improvements. <br /> The amount of these fees would be roughly One Million Eight Hundred Thousand <br /> Dollars ($1.800,000) (345 x $3,125 + 4.5AC x $163,219). <br /> KIEWIT INFRASTRUCTURE CO. <br /> 1000 Kiewit Plaza,Omaha.NE 68131 <br /> (402)3422052 (402)271-2830 FAX <br />