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Traffic Impact Fund (161) <br /> Amount collected in previous fiscal years subject to 5 year limitation: $851,524 <br /> Funds are committed to the following project: <br /> • 1-580 at Foothill Road Improvements — Phase 3 - project#095034 <br /> Description: Construction of improvements at the 1-580 interchange at Foothill Road for the <br /> purpose of improving intersection operations and safety. <br /> Approximate project completion date: 2014 <br /> Project cost: $6,990,853 <br /> % funded oy development impact fees: 40.7% <br /> Source of funding: Traffic Impact Fees (40.7%), Tri-Valley Transportation Improvement <br /> Development Fees (17.3%), Measure B Special Revenue Funds (13.3%), General Fund <br /> Streets CIP Funds (11.0%), Congestion Management and Air Quality Grant (10.1%), <br /> Stoneridge Business Center Funds (7.6%) <br /> Lower Income Housing Fund (Fund 271) <br /> Amount collected in previous fiscal years subject to 5 year limitation: $9,008,730 <br /> Funds are committed to the following project: <br /> • Kottinger Place Redevelopment— project#271002 <br /> Description: Redevelopment of Kottinger Place and Pleasanton Gardens from a total of 91 <br /> units to an 185 units senior housing project. <br /> Approximate project completion date: 2015 <br /> Project cost: $62,000,000 <br /> PASSED, APPROVED AND ADOPTED by the City Council of the City of Pleasanton at a <br /> regular meeting held on December 3, 2013 <br /> I, Karen Diaz, City Clerk of the City of Pleasanton, California, certify that the foregoing resolution <br /> was adopted by the City Council at a regular meeting held on the 3rd day of December, 2013 by the <br /> following vote: <br /> Ayes: Councilmembers Brown, Cook-Kallio, Narum, Pentin, Mayor Thorne <br /> Noes: Nore <br /> Absent: Nore <br /> Abstain: Nore <br /> / <br /> Karen a iaz, City Clerj <br /> APPROVED AS TO FORM: <br /> Jonathan P. Lowell, City Attorney <br />