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Resolution No. 22-1347 <br /> Page 2 of 3 <br /> SECTION 4. That the amount of the development impact fees collected, the cash <br /> balance (including interest earnings) as of June 30, 2022 for each fee held for five years or more, <br /> the purpose the fee is committed, additional sources of funding and the expected date that funding <br /> will be available are as follows: <br /> Park Development Fund (Fund 222) <br /> Amount collected in previous fiscal years subject to 5-year limitation: $3,307,233 <br /> Funds are committed to the following project: <br /> • New Community Park Site Acquisition Reserve — Project #03728 <br /> Description: This project involves identifying potential sites to construct a new <br /> community park in the northeast area of the City and establishing a reserve to <br /> eventually acquire an appropriate site of approximately 30 to 40 acres of <br /> contiguous land. Amenities could include youth area with various play <br /> equipment, a picnic area, open field play space, an exercise course, restrooms, <br /> pathways, and landscaping. The exact type and mix of uses for this site will be <br /> determined through a Park Master Plan process, managed by staff and the Parks <br /> and Recreation Commission. <br /> Approximate project completion date: On-Going <br /> Project cost: $6,669,923 <br /> Source of funding: Park Development Fund <br /> % funded by development impact fees: 100% <br /> Traffic Impact Fund (212) <br /> Amount collected in previous fiscal years subject to 5-year limitation: $4,451,197 <br /> Funds are committed to the following project: <br /> • Johnson Drive Economic Development Zone— Project#18531 <br /> Description: This project design and construct the transportation improvements <br /> associated with the Johnson Drive Economic Development Zone: Traffic Signals <br /> on Johnson (Commerce Drive and Owens Drive North); Stoneridge and Johnson <br /> left turns; Stoneridge Drive and 680 northbound on ramp widening; and Johnson <br /> Drive widening. <br /> Approximate project completion date: 2023 <br /> Project cost: $6,385,865 <br /> Source of funding: Traffic Impact Fee <br /> % funded by development impact fees: 100% <br /> Tri-Valley Transportation Fund (214) <br /> Amount collected in previous fiscal years subject to 5-year limitation: $1,559,421 <br /> Funds are committed to the following project: <br /> • Tri-Valley Transportation Development Fee Reserve — Project#01541 <br /> Description: This project establishes a reserve fund for various regional projects <br /> to help mitigate traffic congestion in the Tri-Valley area. These funds represent a <br /> portion of the costs and are the City's 20% set-aside portion of the Tri-Valley <br /> Transportation Development Fees (TVTDF) collected in the City of Pleasanton. <br /> The Tri-Valley projects include the following: 1-580/1-680 flyover and hook ramps, <br /> State Route 84/1-580 corridor improvements from 1-580 to 1-680, Isabel Route <br /> 84/1-680 Interchange, 1-680 auxiliary lanes between Bollinger Canyon Road and <br /> Diablo Road, West Dublin-Pleasanton BART Station, 1-580 HOV lanes from <br /> Tassajara Road to Vasco Road, 1-680 HOV lanes from State Route 84 to the top <br /> of Sunol Grade, 1-680/Alcosta Boulevard Interchange Modifications, Crow <br /> Canyon Road Safety Improvements, Vasco Road Safety Improvements, and <br />