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Karen Gonzales From: Pleasanton City Clerk Subject: FW: Please delay vote until all details can be reviewed regarding City funding SUPPLEMENT -L MATERl' L Provided to the Git_yGouncii—_ From:John Carroll After Distribution of Packet Sent:Tuesday,June 06, 2017 2:27 PM //�� To: Mayor and City Council<citycouncil @cityofpleasantonca.gov> Date 6-'G-- 17 Subject: Please delay vote until all details can be reviewed regarding City funding Dear Mayor and Council, I see that you will be considering the approval of taxpayer funding for the Johnson Drive EDZ infrastructure to the tune of$6.4 million with your two-year CIP budget Tuesday night. The budget report also indicates that additional funding will need to be identified later to fully fund the project. In addition,you will be transferring$5 million from the Operating Budget to the CIP, and while not directly identified to fund the JDEZ, it's easy to come to that conclusion. I must assume that if a dollar amount has been identified for the budget that an agreement—even tentative—with Costco and Nearon Enterprises must have been reached for the city subsidies. Perhaps the city is just preparing to enter into an agreement,and wanted to have possible funding sources lined up. However, I don't want the city to provide any additional funding, or even the appearance of additional funding sources until we are certain that Costco and other potential parties have made their end of the commitment clear. We (the public) are not their piggy bank, and we are not here to bail them out or subsidize their ventures. Please release the details of the subsidy agreement publicly and postpone your hearing on this matter until you give us all enough time to review it. While the opinion piece in the Weekly would like to conveniently interpret MM results as the public wanting a Costco, I must strongly disagree. Not everyone may have wanted to eliminate the possibility of a Costco, but that's a long long way from saying we want one at any cost. Given the lack of transparency in this process, there is going to be a lot of scrutiny given any agreement entered into by the city. Has Cal Trans agreed to complete the freeway on-ramp expansion necessary for the additional traffic created by a possible Costco ? Last I heard the city had only submitted an engineering spec. Any agreement on funding would have to fully disclose the cost of any freeway improvements. Without the approval from Cal Trans any agreement on development would be grossly premature, and in my opinion, make any further discussion a Non-starter. Thank you, John Carroll Click here to report this email as spam. i