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e Costco Cash Contribution. Costco would make a $6,785,000 cash contribution towards the needed transportation improvements. e Right of Way Contributions. Costco would dedicate the right-of-way from land that it owns; the City will seek right of way contributions from other properties subject to redevelopment as part of the JDEDZ, with any remaining right of way acquisitions shared equally between the City and Costco. The right-of-way cost estimate is approximately $1.5 million. In addition, the term sheet included a provision that the City would develop a JDEDZ Fee that would be charged to future JDEDZ developments at the time they pull permits with the City to develop their property within the JDEDZ. The City committed to use the proceeds from the JDEDZ Fee to reduce the amount owed to Costco through the proposed Sales Tax sharing agreement. DISCUSSION The following table summarizes the allocation of the transportation improvements project costs by land use: JDEDZ Transportation Improvements Project Costs Divided by Land Uses Total Project Cost - Including ROW $21,470,000 Total Project Cost Excluding Stoneridge Drive & 1-680 Onramp Project (TIF Funded) $15,070,000 ; Percent of Allocation of Total Trips Project Costs JDEDZ Land Uses at Build-out Including ROW Costco 44% $6,630,800 Hotels 12% 1,808,400 Remaining Retail Land Uses 44% 6,630,800. Total 100% $15,070,000 Non-Costco Portion to Recover in Future JDEDZ Transportation Fee $8,439,200; To ensure all of the future developments in the JDEDZ contribute to the project costs, consistent with the term sheet, City staff is proposing 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 approved by the City within the JDEDZ. Page 3 of 5