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for these potentially diverted sales. Accounting for the fact that sales diverted from existing stores to a club retail use would be widely dispersed among numerous supermarkets, ethnic food stores, and other small food markets (rather than concentrated in a single store or small number of stores), there would be limited effects on existing food and beverage retailers. The Economic Analysis also concludes the JDEDZ would have no adverse economic effects on downtown businesses, primarily because downtown offers a unique and different shopping environment than a club retailer, and most downtown businesses sell goods that are quite different from those sold at club retailers. On the positive side, the economic study also notes a Costco could generate enhanced visibility for existing businesses in the proposed JDEDZ, benefits associated with local availability of low- cost food and gas, and possible long-term increases in property values. Please refer to the Master Response to Comments in the FSEIR regarding Economic and Urban Decay impacts and the Economic Impact Analysis. Timing & Funding of Traffic Mitigation Measures The most recent estimated cost of the transportation mitigations required to support JDEDZ development (Project costs) is between $23.1 million and $25.3 million3, including design, construction and right-of-way (ROW) acquisition. The estimated cost to construct the improvements transportation mitigations is expressed as a range because the ROW appraisals have not yet been completed. The recent cost estimate is $1.6 million to $3.8 million greater than the cost estimate prepared in 2017. Actual Project costs will be known once the City has acquired all of the ROW and project has been bid and constructed. Per the City's agreement with Costco, funding of the transportation improvements would be generally split into thirds between with the City, Costco, and future development in the JDEDZ. The increased Project costs would be similarly shared. The following is a description of the Project cost sharing based on 2017 Project cost estimates: • City TIF Funding. The Stoneridge Drive and 1-680 onramp project has been included in the City's Transportation Impact Fee (TIF) since 1998 and is eligible to receive approximately $7.4 million in TIF revenues. The City's FY 2017/18 through 2020/21 Capital Improvement Program (CIP) allocated $6,400,000 in TIF in Fiscal Year 2018/19 for the Stoneridge Drive and 1-680 onramp project. Thus, there is an additional $1 million in TIF funds that the City could allocate to the project. In addition, the City can utilize the Dublin Freeway Reimbursement Reserve and the Dougherty Valley Mitigation Reserve to fund the City's portion of increased project costs. Both of these reserves are City discretionary transportation funds. The cost estimation for these mitigations identified in the DSEIR does not include the Tri Valley Transportation Fee payment, which is necessary to mitigate the impact to 1-680. Page 18 of 23