RES 18-1058 - Laserfiche WebLink

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 diagonal parking. The new parking lot will be similar to the Firehouse Arts Center parking lot with a two-way drive isle, ninety-degree parking on each side, walk path and landscaping. The project will require a 5-to-6-foot retaining wall be built along the west edge of the railroad corridor, drainage improvements, stormwater treatment facilities, curb, gutter, new asphalt and striping. Approximate project completion date: 2020 Project cost: $2.2 million % funded by development impact fees: 30% Source of funding: Downtown Parking In-Lieu and General Fund CIP PASSED, APPROVED AND ADOPTED by the City Council of the City of Pleasanton at a regular meeting held on December 18, 2018. 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 18' day of December, 2018 by the following vote: Ayes: Councilmembers Brown, Narum, Pentin, Testa, Mayor Thorne Noes: None Absent: None Abstain: None