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The City will use the proceeds from the JDEDZ Fee to reduce the amount owed to
<br /> Costco through the proposed Sales Tax sharing agreement which, in turn, will reduce
<br /> the years in which the City would be required to share the sales tax generated from the
<br /> Costco store with Costco.
<br /> Staff is proposing to assign the $8.4 million to the future developments based on the
<br /> percent of total trips. The determination of number of trips is based on the land use and
<br /> the building square footage proposed on the JDEDZ zoning. This methodology results
<br /> in a $28.28 per building square foot fee for retail and a $13.70 per building square foot
<br /> fee for hotels. Using that methodology would result in the following fees by parcel:
<br /> JDEDZ Transportation Fee by Parcel
<br /> Projected Phase I Development(excluding Costco)
<br /> Transpo
<br /> rtation
<br /> Building Fee per
<br /> Parcel Use Size [1] Parcel Size [3] GSF Total Fee
<br /> 'arcel 9/10 Retail 5,000 NA $28.28 $141,397
<br /> Parcel 9 Hotel 66,000 105,851 13.70 904,200
<br /> Parcel 10 Hotel 66,000 123,710 13.70 904,200
<br /> Totals 137,000 229,561 NA $1,949,797
<br /> Projected Phase II Development
<br /> Transpo
<br /> rtation
<br /> Building Fee per
<br /> Parcel Use Size [2] Parcel Size [3] GSF Total Fee
<br /> Parcel 1 Retail 19,210 64,033 $28.28 $543,246
<br /> Parcel 2 Retail 12,153 40,511 28.28 343,689
<br /> Parcel 3 Retail 12,023 40,075 28.28 339,990
<br /> Parcel 4 Retail 12,284 40,946 28.28 347,379
<br /> Parcel 5 Retail 12,284 40,946 28.28 347,379
<br /> Parcel 6b Retail 12,153 40,511 28.28 343,689
<br /> Parcell Retail 25,483 84,942 28.28 720,635
<br /> Parcel 8 Retail 47,045 156,816 28.28 1,330,402
<br /> Parcel 11 Retail 76,840 256,133 28.28 2,172,992
<br /> Totals 229,474 764,913 NA $6,489,403
<br /> Total All Phases 366,474 994,474 NA $8,439,200
<br /> Notes:
<br /> [1] Estimates provided by City of Pleasanton Planning Department.
<br /> [2] Building size estimated as 0.30 FAR.
<br /> [3] Parcel size obtained from Johnson Drive EDZ Fiscal Impact Analysis Final Report.
<br /> Page 4 of 5
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