ITEM 15 ATTACHMENT 2 CIP - Laserfiche WebLink

$3,000,000 $2,500,000 $2,000,000 $1,500,000 $1,000,000 $500,000 $0 Measure BB Revenue Projections FY 2025/26 FY 2026/27 FY 2027/28 FY 2028/29 FY 2029/30 ■ Measure BB Bike & Pedestrian ■ Measure BB - Streets/Roads Measure F, also known as the Vehicle Registration Fee (VRF) program, was approved by voters in 2012. This program collects a $10 per year vehicle registration fee, which is dedicated to Alameda County's transportation network improvements with the aim of reducing traffic congestion and pollution. ACTC also administers this program and provides funding allocations to local municipalities in the County. Measure F makes up for approximately 4.9 percent of the transportation funds. The City uses Measure F funds toward local streets and transportation related capital projects. Development Impact Fees The CIP includes funding from the City's development impact fees like the Capital Facilities Fee, Trans- portation Improvement Fees, and non -city fees such as the Tri -Valley Transportation Fee. Combined, these development -related fees comprise 0.6 percent of the CIP funding sources. Impact fees are one-time charges on new development collected and used by the City to cover the cost of capital facilities and infrastructure that is required to serve new residential and commercial growth. Impact fees were previously collected upon issuance of a building permit, but with the pas- sage of Senate Bill 937, the fees are now collected at the time of the issuance of the certificate of occupancy; this effectively delays the fee collection schedule and sets the fee collection trigger at the completion of the project. If the project does not reach the certificate -of -occupancy milestone for any reason, the City will not be able to collect the fee for services rendered. Fees from new development where permits have been issued are projected in FY 2028/29 and FY 2029/30 to reflect this change and are subject to economic conditions. The City currently has an established impact fee program that specifies areas of use and restricts the maximum Capital Facility Fees use on future projects at 22.7 percent, although it is now available for most future projects under the identified areas of use, which include: •Public Facility Fees that fund: o Parks & Recreation Facilities o Public Facilities, including fire stations, public safety training facilities, the City library, downtown parking, and the Civic Center •Transportation Improvements under the Traffic Impact Fee program can be funded at 100 percent. City of Pleasanton Capital Improvement Program • FY 2025/26 - FY 2029/30 21