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NOW, THEREFORE BE IT RESOLVED THAT THE CITY COUNCIL OF THE CITY OF PLEASANTON DOES RESOLVE, DECLARE, DETERMINE AND ORDER THE FOLLOWING: Section 1: A. There are development impact fees remaining unexpended but these fees are committed to constructing improvements identified in subsection D below that will implement goals and objectives of the City's General Plan; B. The City's objective to mitigate the impacts caused by the development of residential, commercial, and industrial land will be assisted by the purchase of the equipment or construction of the improvements; C. There is a reasonable relationship between the purpose of each of the developer fees and the purpose for which it is charged and committed as stated below in subsection D. D. The amount of the development impact fees collected, the cash balance (including interest earnings) as of June 30, 2018 for each fee held for five years or more, the purpose the fee is committed, additional sources of funding and the expected date that funding will be available are as follows: Tri-Valley Transportation Fund (214) Amount collected in previous fiscal years subject to 5 year limitation: $61,018 Funds are committed to the following project: • Tri-Valley Transportation Development Fee Reserve project#01541 Description: This project establishes a reserve fund for various regional projects to help mitigate traffic congestion in the Tri-Valley area. These funds represent a portion of the costs and are the City's 20% set-aside portion of the Tri-Valley Transportation Development Fees (TVTDF) collected in the City of Pleasanton. The Tri-Valley projects include the following: 1-580/1-680 flyover and hook ramps, State Route 84/1-580 corridor improvements from 1-580 to 1-680, Isabel Route 84/1-680 Interchange, 1-680 auxiliary lanes between Bollinger Canyon Road and Diablo Road, West Dublin-Pleasanton BART Station, 1-580 HOV lanes from Tassajara Road to Vasco Road, 1-680 HOV lanes from State Route 84 to the top of Sunol Grade, I-680/Alcosta Boulevard Interchange Modifications, Crow Canyon Road Safety Improvements, Vasco Road Safety Improvements, and Express Bus Service. In addition to these projects, the TVTC has approved 11 additional projects which includes the El Charro Road extension in Pleasanton. Approximate project completion date: 2021 Project cost: $1,043,519 % funded by development impact fees: 100% Source of funding: Tri-Valley Transportation Development Fee Downtown Parking-In-Lieu Fund (104) Amount collected in previous fiscal years subject to 5 year limitation: $10 Funds are committed to the following project: • Expand Parking on Downtown Transportation Corridor project#17448 Description: This project will design and construct a public parking lot on the transportation corridor between Bernal Avenue and Abbie Street. The project will replace an existing stabilized gravel parking lot that has a one-way drive isle and