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The JDEDZ will generate increased traffic, affecting the levels of service and <br /> vehicle queue length spillback in and around the project area. It should be <br /> noted that proposed mitigations in the FSEIR would result in acceptable <br /> levels of service (i.e., duration of delay in traveling through an intersection), <br /> acceptable vehicle queue spillback (i.e., backed-up traffic potentially affecting <br /> operation of an upstream intersection), and acceptable freeway ramp <br /> operations. For more detailed information related to project impacts and <br /> proposed mitigations, please refer to Chapter 4.D of the DSEIR. <br /> C. Assumptions Underlying Term Sheet. <br /> The Parties acknowledge that the goal of this Term Sheet is to fund the <br /> construction of the Project required for the JDEDZ. After execution of this <br /> Term Sheet, the Parties will negotiate in good faith to complete final <br /> Transaction Documents that provides a level of funding allocations <br /> substantially consistent with the Term Sheet. If any of the key assumptions <br /> materially changes during final negotiations, including market conditions or <br /> other key conditions, then the Parties will negotiate in good faith to reach a <br /> fair and balanced agreement. <br /> D. Project Cost Estimate <br /> The following cost estimate for the Project was developed in early 2017: <br />