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INFECIEVaT . <br /> Re: 8/29/17 Staff Report on the JDEDZ financing <br /> k,4.3292)17 <br /> §ifY M V OFFICE <br /> Mayor Thorne, Council Members It rown, <br /> Olson, and Mr. Fialho, <br /> After reading the current Staff Report about the significant <br /> subsidies for infrastructure costs using tax payer money, <br /> including TIP fees and the plan to finance a long term loan <br /> from Costco for 25 years in order to locate a Costco Store on <br /> Johnson Drive, I am very m <br /> uch against this financial proposition. Using $19 million <br /> dollars of our Pleasanton dollars and fees is not in the best <br /> interest of the City now and in the future. Please seriously <br /> consider postponing any decision on the funding of the <br /> infrastructure for the JDEDZ using the terms presented in the <br /> Staff Report until further independent financial reports are <br /> considered and there is more transparency in the justification <br /> of this financial arrangement. <br /> The Staff Report is a challenge for many of us to <br /> understand regarding how this funding arrangement was justified <br /> or a reasonable investment. The City has not made public the <br /> Century Urban consultant's report nor given the public and the <br /> Council enough time to review the documents and come up with <br /> alternatives to this funding proposal in a public setting. What <br /> happened to a public vetting of this use of significant public <br /> funds, or should I say "misuse" of funds. The City's push to <br /> approve financing before having an actual project seems out of <br /> the normal progression of a land use approval process and <br /> developer agreements. <br /> U P X <br /> 7-7,Tcmcced 10 i'e Ce!y Ccuncel <br /> ipv o J .� rrr w c��i� Pac e'l <br /> JL /1 r 2 9 LSiJU <br /> Late <br />