RES 2024080 - Laserfiche WebLink

Resolution No. 2024-080 Page 2 of 4 SECTION 4. That the amount of the development impact fees collected, the cash balance (including interest earnings) as of June 30, 2024 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: Park Development Fund (Fund 222) Amount collected in previous fiscal years subject to 5-year limitation: $6,326,003 Funds are committed to the following project: • New Community Park Site Acquisition Reserve — Project #03728 Description: This project involves identifying and procuring potential sites to construct a new community park in the northeast area of the City and establishing a reserve to eventually acquire an appropriate site of approximately 30 to 40 acres of contiguous land. Amenities could include youth area with various play equipment, a picnic area, open field play space, an exercise course, restrooms, pathways, and landscaping. The exact type and mix of uses for this site will be determined through a Park Master Plan process, managed by staff and the Parks and Recreation Commission. Approximate project completion date: On-Going Project cost: $3,501,477 Source of funding: Park Development Fund % funded by development impact fees: 100% • General Trail Improvement and Development — Project#01737 Description: This project provides ongoing funding for specific trail development/improvement projects throughout the City. Projects would be recommended by the Parks and Recreation Commission and approved by the City Council, and may include walking/hiking, bicycling, and/or equestrian uses. Projects being considered include the Downtown Trail, Vineyard Avenue Corridor Trail, Arroyo del Valle to Shadow Cliffs, Alamo Canal Extension and the Iron Horse Trail. Approximate project completion date: On-Going Project Cost: $504,497 Source of funding: Park Development Fund and Park CIP-General Fund funded by development impact fees: Park Development Fee (82%) and Park CIP- General Fund (18%) • Lions Wayside Park Improvement— Project#06716 Description: Funding for an existing project to design and construct a new park consistent with the Lions Wayside and Delucchi Parks Master Plan, incorporating the newly acquired properties at 4363 and 4377 First Street into the design process. Approximate project completion date: 2025 Project Cost: $1,789,090 Source of funding: Park Development Fund % funded by development impact fees: 100% • Pleasanton Tennis/Community Park LED Light— Project #16733 Description: The Tennis and Community Park tennis court LED light conversion project, CIP No. 16733, will convert the existing tennis court lights that are HPS lights to LED lights and the Tennis and Community Park Volleyball Court LED light project, CIP No. 21775, will provide night lighting to the existing volleyball courts. Approximate project completion date: On-Going Project Cost: $120,000 Source of funding: Park Development Fund funded by development impact fees: 100%