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Pleasanton Development Impact Fee Nexus Study Draft Report 07/12/18 The total cost of all projects is in the range of $216 million to $269 million. This analysis uses the higher end of the estimated transportation cost range, which is a conservative approach. Cost Allocation and Fee Calculation For each project, the cost to be included in the TIF program was calculated as the estimated project cost multiplied by the eligibility factor (thus accounting for existing deficiencies and direct developer contributions) and then multiplied by the Percent Pleasanton Trips, Adjusted. As shown at the bottom of Table 17, the final project costs eligible for funding through the TIF program is in the range of $137 to $154 million with the higher end of the estimate used in this analysis2. The cost attributable to new development in Pleasanton is distributed across the various land uses in order to determine a reasonable fee for each. A typical method for achieving this distribution is to develop a set of factors that relate the transportation demands of different land use categories to each other. Table 18 presents a set of factors for the land use categories that might occur in Pleasanton; these factors are drawn from the City of Pleasanton's Travel Demand Model, and an adjustment of 35 percent for pass-by trips is applied to retail uses. The resulting allocations and equivalency factors used in the nexus study are shown in Table 6. 2 The previous Transportation Fee included a credit for parcels within Hacienda Business Park. This credit was commonly referred to as the North Pleasanton Improvement District (NPID) fee. The NPID Fee was applied in place of the Pleasanton Transportation Development Fee for specific undeveloped parcels in Hacienda. The NPID fee was lower to account for Hacienda constructing several interchange projects. The number of parcels still eligible for the fee credit have reduced significantly since the credit was established in 1998 and a separate agreement will be used to ensure that the remaining properties are credited appropriately. As such, the NPID Fee is not included in this analysis. Economic&Planning Systems, Inc. 24 P:us1000s\151111PIeasantonFee1ReportUs1111_FeeNexus_O71218.docx