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remaining 56% of the total trips. However, because Costco would the first development to occur in the JDEDZ and the transportation improvements have to be completed before Costco can become operational, the City and Costco are covering 100% of the non-TIF portion of the transportation improvements project costs. The City is picking up approximately 89%4 of the transportation improvements associated with the non-Costco land uses through the proposed sales tax sharing agreement with Costco. The table below summarizes the allocation of the transportation improvements project costs by land uses. To ensure all of the future developments in the JDEDZ contribute towards the project costs, City staff is proposing to develop a JDEDZ Transportation Fee that would be charged to future JDEDZ development applicants at the time they pull permits with the City to develop their property with uses authorized in the JDEDZ. The City will use the proceeds from the JDEDZ Fee to reduce the amount owed to Costco through the proposed Sales Tax sharing agreements which, in turn, will reduce the years in which the City would be required to share the sales tax generated from the Costco store with Costco. The City has engaged the services of Century Urban to help determine the amount of the fee to charge each development applicant that wouldn't discourage development of the JDEDZ. City staff will present options for a JDEDZ Transportation fee at a City Council meeting later this summer or early Fall. At that time, the City Council will determine the amount of a JDEDZ Transportation fee. JDEDZ Transportation Improvements Project Costs Divided by Land Uses Total Project Cost - Including ROW $21,470,000 Total Project Cost Excluding Stoneridge Drive & I-680 Onramp Project (TIF Funded) $15,070,000 Allocation of Project Allocation of Percent of Costs Project Costs Total Trips Including Excluding JDEDZ Land Uses at Build-out ROW ROW Costco 44% $6,630,800 $5,970,800 Hotels 12% 1,808,400 1,628,400 Remaining Retail Land Uses 44% 6,630,800 5,970,800 Total 100% $15,070,000 $13,570,000 Non-Costco Portion to Recover in Future JDEDZ Transportation Fee $8,439,200 $7,599,200 4 Excluding ROW acquisition costs. 5 Or to repay an inter-fund loan or loan principal should the City Council choose that funding alternative. Page 14 of 16