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Project cost: $62,000,000 <br /> % funded by development impact fees: 17% <br /> Source of funding: Lower Income Housing Fees (17%), Tax Credits, <br /> HUD 202 Funds, private bank loans (83%) <br /> Funds Subject to SB1760 <br /> The City utilizes the following funds to track development related revenues subject to <br /> SB1760: <br /> Water and Sewer Expansion Funds (Funds 355 and 356) - These funds are utilized to <br /> account for Water and Sewer Connection fees. When a project serves both new and <br /> existing development, only the portion related to new development is charged against <br /> these funds. The other portions of the project are funded by other sources, such as <br /> revenue from the rate payer funded Repair and Replacement Funds (Replacement <br /> Funds). The Replacement Funds are accounted for separately (Funds 345 and 346). <br /> Fund balance, revenues, expenditures and transfers for Funds 355 and 356 for fiscal <br /> years 2009/10 through 2013/14 are detailed in Appendix B. <br /> The following is a summary by fund of the projects that the City is committed to <br /> complete in coming years with available Water and Sewer Connection fees: <br /> Water Expansion Fund (3551 <br /> • Nevada Street Water Main Extension — project#941015 <br /> Description: Installation of a 16' water transmission line from Stanley Boulevard to <br /> Zone 7 Water Turnout No. 5 at Bemal Avenue. <br /> Approximate project completion date: 2016 <br /> Project cost: $606,000 <br /> % funded by development impact fees: 80% <br /> Source of funding: Water Connection Fees (80%); Water Replacement Funds (20%) <br /> Sewer Expansion Fund (3561 <br /> • EALS/EARS Pump Station and Pipeline Construction— project#112031 <br /> Description: Construction of the East Amador Relieve Sewer (EARS) pump station to <br /> take flow off of the East Amador Lift Station (EALS) Pump station. <br /> Approximate project completion date: 2016 <br /> Project cost: $4,800,000 <br /> % funded by development impact fees: 92.5% <br /> Source of funding: Sewer Connection Fees (92.5%); Sewer Replacement Funds <br /> (5%), Developer Contributions (2.5%) <br /> • Del Valle Parkway/Nevada Street Sewer Additions — project#902028 <br /> Description: Installation of a 16" sewer main line from Stanley Boulevard to Bernal <br /> Avenue. <br /> Approximate project completion date: 2016 <br /> Project cost: $1,222,700 <br /> % funded by development impact fees: 64.7% <br /> Page 6 of 7 <br />