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Resolution No. 97-99 <br />Page Three <br /> <br /> 4. That the TVTC Technical Advisory Committee will prepare a <br /> Strategic Expenditure Plan for delivery of the improvement projects. <br /> The Strategic Expenditure Plan will include preliminary cost and <br /> revenue estimates for the TVTDF, a prioritization plan and a <br /> timeline for project delivery. The Strategic Expenditure Plan will be <br /> reviewed and approved by the TVTC and subsequently reviewed an <br /> approved by the seven member jurisdictions. <br /> <br /> 5. That the TVTDF will pay for a portion of some or all of the <br /> previously-listed projects, on the basis of the following Fee <br /> Schedule: <br /> <br /> Land Use Category_ TVTDF Rate <br /> <br /> Single-Family Residential $1,500/Dwelling Unit <br /> Multi-Family Residential $1,050/Dwelling Unit <br /> <br /> Office $1.00/Sq. Ft. <br /> Retail $1.00/Sq. Ft. <br /> Industrial/Warehouse $0.75/Sq. Ft. <br /> <br /> *Other Uses/Alternative Rate $1,500/AM/PM <br /> Average Peak Hour Trip <br /> <br /> *(TVTDF for other uses not listed shall be based upon the average AM/PM <br /> peak hour trip generation, as estimated by the most recent edition of the ITE <br /> Trip Generaaon Manual. Technical procedures for the calculation of <br /> TVTDF will be adopted by the TVTC.) <br /> <br /> 6. The TVTDF Program will be reviewed biennially, and adjusted as <br /> necessary to reflect changes in project list, project cost, program <br /> revenue and other factors. The criteria established in Item 3 above <br /> shall be considered in the biennial update, as appropriate. Examples <br /> of "other factors" include amendments to state or regional gasoline <br /> taxes, reauthorization of County Sales Tax, transportation programs, <br /> identification of supplemental funding sources for Strategic <br /> Expenditure Plan projects, etc. <br /> <br /> <br />