RES 19-1126 - Laserfiche WebLink

D. The amount of the development impact fees collected, the cash balance (including interest earnings) as of June 30, 2019 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: Capital Facilities Fund (Fund 2031 Amount collected in previous fiscal years subject to 5 year limitation: $636,566 Funds are committed to the following project: • Design and Construct New Fire Station #3 project #17423 Description: This project involves construction of a new station, fully compliant with modern codes and fire service needs on the existing Station #3 site. The building assessment determined that the total cost to remove the existing building and construct a new facility is approximately $8.0 million. This cost includes housing the fire personnel in temporary facilities during construction, envisioned to be located in the northernmost section of the Valley Community Hospital parking lot. Approximate project completion date: 2022 Project cost: $8,035,000 % funded by Capital Facilities Fees: 61% Source of funding: Capital Facilities Fees and Developer Contributions Tri-Valley Transportation Fund (214) Amount collected in previous fiscal years subject to 5 year limitation: $147,809 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, 1-680/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: $1,771,651 % 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: $17,829 Funds are committed to the following project: • Expand Parking on Downtown Transportation Corridor project #17448