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ATTACHMENT 3 RESOLUTION NO. A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF PLEASANTON AUTHORIZING THE CITY MANAGER TO EXCECUTE A JOHNSON DRIVE ECONOMIC DEVELOPMENT ZONE TRANSPORTATION IMPROVEMENT AND COST ALLOCATION AGREEMENT WITH COSTCO WHOLESALE CORPORATION WHEREAS, to implement the City's goals for the Johnson Drive Economic Development Zone ("JDEDZ") and as a necessary first step in encouraging new businesses to locate in the JDEDZ, various public roadway improvements need to be completed along Johnson Drive, Commerce Drive and Stoneridge Drive, including new traffic signals, construction of new lanes and onramp improvements ("JDEDZ Street Improvements"); and WHEREAS, on September 18, 2017, the City Council authorized the City Manager to execute a term sheet for the design and construction of the JDEDZ Street Improvements between the City and Costco Wholesale Corporation ("Costco") ("Term Sheet" a copy of which is attached); and WHEREAS, based on the Term Sheet, staff and Costco representatives have negotiated a proposed JDEDZ Transportation Improvement and Cost Allocation Agreement. NOW, THEREFORE BE IT RESOLVED THAT THE CITY COUNCIL OF THE CITY OF PLEASANTON DOES RESOLVE, DECLARE, DETERMINE AND ORDER THE FOLLOWING: SECTION 1. The City Manager is authorized to execute the JDEDZ Transportation Improvement and Cost Allocation Agreement with Costco Wholesale Corporation. PASSED, APPROVED AND ADOPTED by the City Council of the City of Pleasanton at a regular meeting held on I, Karen Diaz, City Clerk of the City of Pleasanton, California, certify that the foregoing resolution was adopted by the City Council at a regular meeting held on the , by the following vote: Ayes: Noes: Absent: Abstain: Karen Diaz, City Clerk APPROVED AS TO FORM: Daniel G. Sodergren, City Attorney