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Figure 4: <br />JDEDZ Transportation Improvements Project Costs Divided by Land Uses <br />Total Project Cost - Including ROW <br />Total Project Cost Excluding <br />Stoneridge Drive & 1-680 Onramp <br />Project (TIF Funded) <br />$21,470,000 <br />$15,070,000 <br />JDEDZ Land Uses <br />Percent of <br />Total Trips <br />at Build -out <br />Allocation of <br />Project <br />Costs <br />Including <br />ROW <br />Costco <br />Hotels <br />Remaining Retail Land Uses <br />Total <br />44% <br />12% <br />44% <br />$6,630,800 <br />1,808,400 <br />6,630, 800 <br />100% $15,070,000 <br />Non -Costco Portion to Recover in <br />Future JDEDZ Transportation Fee $8,439,200 <br />To ensure all of the future developments in the JDEDZ contribute towards the project <br />costs, City staff is proposing to develop a JDEDZ Transportation Fee (JDEDZ Fee) that <br />would be charged to future JDEDZ development applicants at the time they pull permits <br />with the City to develop their property with uses authorized in the JDEDZ. The City will <br />use the proceeds from the JDEDZ Fee to reduce the amount owed to Costco through <br />the proposed sales tax sharing agreement which, in turn, will reduce the years in which <br />the City would be required to share the sales tax generated from the Costco store with <br />Costco. <br />Staff has developed a proposal to allocate the $8.4 million of costs not contributed by <br />Costco to the future developments based on the percent of total trips at build -out by <br />land use (based on building square footage that would be allowed under JDEDZ <br />zoning). This methodology results in a $28.28 per building square foot fee for retail uses <br />and a $13.70 per building square foot fee for hotels. Figure 5 shows how that <br />methodology would result in potential fees by parcel within the project area. <br />Page 18 of 22 <br />