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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, 2020 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 203) Amount collected in previous fiscal years subject to 5-year limitation: $1,272,438 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. The project also includes setting up a temporary facility on the vacant property located at the southeast corner of Stoneridge Drive and Rheem Street that will be used as a temporary fire station during the demolition and construction of Fire Station No. 3. 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 Traffic Impact Fund (212) Amount collected in previous fiscal years subject to 5-year limitation: $523,800 Funds are committed to the following project: • Johnson Drive Economic Development Zone—Transportation Imp#18531 Description: This project design and construct the transportation improvements associated with the Johnson Drive Economic Development Zone: Traffic Signals on Johnson (Commerce Drive and Owens Drive North); Stoneridge and Johnson left turns; Stoneridge Drive and 680 northbound on ramp widening; and Johnson Drive widening. Approximate project completion date: 2022