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o These traffic improvements will be more than needed for Phase I of the EDZ as
<br /> they will be constructed to accommodate 100% of the trips at full build-out of the
<br /> EDZ
<br /> • How do we respond to comments that the City is giving up money for Costco?
<br /> o Finance Director Tina Olson responded the City is not `giving up money' but is
<br /> collecting funds through sales tax revenues and an advance from Costco that
<br /> will help pay for transportation improvement costs required up front. This will be
<br /> used along with regional transportation fees that have been collected from other
<br /> developments to add the needed improvements.
<br /> o A transportation fee will also be assessed on future development within the EDZ
<br /> as payment toward Costco's advancing of funds
<br /> o Angela Ramirez Homes commented that Costco is expected to bring less than
<br /> half of the EDZ's traffic—about 44% - but is paying more than 44% of the
<br /> transportation improvement costs.
<br /> • If Costco is putting forward the money and sales tax revenues will be used to pay
<br /> Costco back over time, is all of the sales tax going to Costco?
<br /> o Tina Olson explain that it will be a 60% (City) /40% (Costco) split, wherein
<br /> approximately $600,000 will go to the City initially as Costco is reimbursed over
<br /> a maximum of 25 years
<br /> • Has there been discussion about the job creation that will come from the EDZ?
<br /> o Planning Manager Adam Weinstein noted the analysis showed a long-term net
<br /> increase of 780 workers in the EDZ; Angela Ramirez Holmes offered that
<br /> Costco by itself will create about 250 jobs
<br /> o Construction jobs created within in the zone are additive to these estimates
<br /> o City staff should create a talking point similar to "The project created X jobs over
<br /> X time" to demonstrate value of the project
<br /> • If the EDZ is approved when will the traffic improvements be done?
<br /> o Mike Tassano: when the Sunol interchange is complete, then the Stoneridge
<br /> Drive onramp will be done
<br /> o Another improvement will be a second southbound turn on to Owens Drive from
<br /> Hopyard Road near the new Chick-fil-A
<br /> o Mike Tassano: the City is also ensuring that bicyclists are accommodated in the
<br /> improvements as part of the City's Complete Streets program
<br /> • What is the timeframe for the project, particularly Costco?
<br /> o Staff anticipates the process of working with CalTrans through the design of the
<br /> 1-680 onramp will take up to two years, followed by construction of the
<br /> improvement over another 1-2 years, so estimating Costco will open in
<br /> approximately 2020-2021; Angela Ramirez Holmes noted the city manager
<br /> would like to see an earlier opening date
<br /> o It was also noted that during the Council's transportation improvements
<br /> financing discussion there was interest in allowing the installation of the
<br /> improvements to happen simultaneously with construction of the Costco building
<br /> • It would be beneficial to have an easy-to-understand FAQs to give the community an
<br /> awareness of the construction.
<br /> o In addition, or incorporated into the FAQS, could be a flier that is translated into
<br /> other languages so all residents can be informed
<br /> Chair Barbara Steinfeld asked if, and how, how the committee would want to offer support for
<br /> the EDZ. It was moved and seconded that the EVC recommend to the City Council support for
<br /> Stoneridge Drive, widening of
<br /> Johnson Drive, and an additional lane on Stoneridge near Johnson Drive which
<br /> is currently in the City's General Plan.
<br />resources, cultural resources, geology and soils, greenhouse gas emissions, hazards and
<br /> P14-0852 and PUD-105, JDEDZ Planning Commission
<br /> 10 of 15
<br />process after receipt of a complete application.
<br /> P14-0852 and PUD-105, JDEDZ Planning Commission
<br /> 8 of 15
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