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obligated to apply this fee schedule. Past practice of TVTC has been to set rates at approximately one-third of the maximum fee calculated in the 1995 and 2008 Nexus Studies to help foster growth within the Tri-Valley area, while providing a regional funding source that could be used to match and help compete for Federal and State transportation grants and funding programs. Summary of Strategic Expenditure Plan As background information, in January 2015, the TVTC adopted Resolution No. 2015- 01 adopting the updated Tri-Valley Transportation Development Fee Schedule as a two-year phase-in plan, with no change during the initial year (FY 14-15), an increase to 25 percent of the maximum allowable rate by the fee nexus study in the second year (FY 15-16) and a final increase to 35 percent of the maximum allowable rate by the third year (FY 16-17). That fee was based on the Fee Nexus Study adopted in 2008. In January 2017, the TVTC approved the 2008 TVTC Nexus Study Validation Review and adopted the 2017 Strategic Expenditure Plan (SEP) Update. At that time, the TVTC elected to maintain the current fee rate. The 2017 SEP update incorporated and built upon the updated project descriptions, funding programs, and progression of the TVTDF over the previous years. Some of the transportation improvement projects on the original list were completed and schedules and funding for others had changed. The JEPA, adopted in 2013, required approval for the SEP, by a supermajority of the TVTC (six members). 2022 Strategic Expenditure Plan The proposed 2022 rate adjustments, which resulted from the analysis undertaken by the SEP Subcommittee, are presented in Table 4. The TVTC adopted a rate adjustment reflecting 15 percent of the maximum fee rate for the duration of the SEP for all uses except retail and "other" land uses: Table 4:FY 2022/2023 Rate Adjustment limrrw .. Land Use Current %of FY 2022123 from 2021 %Change 2021 Rate Maximum Rates Rates Single Family(DU) $5.057 15% $6.596.40 $1,539.40 30.4% Multi-Family(DU) $3.484 15% $3,889.20 $405.20 11.6% Retail(SF) $3.74 6% $5.07 $1.33 35.6% Office(SF) $8.59 15% $8.81 $0.22 2.5% Industrial(SF) $5.00 15% $4.97 -$0.03 -0.6% Other(avg AMIPM trips) 55,620 12% $6,100.68 $480.68 8.6% DU=Dwelling Units;SF=Square Feet It is proposed that retail continue to have a lower cap to help encourage retail growth, given that local retail has been greatly impacted by the global pandemic. Retail is proposed to initially be established at six percent of the maximum and then increase to seven percent of the maximum in funding year FY 23-24. In addition, it is Page 5