RES 98048 - Laserfiche WebLink

and Counties within the Tri-Valley Development Area unless those regional impacts are mitigated by off-site street improvements. C. Regional Projects. The Cities and Counties have identified, through the Tri-Valley Transportation Plan/Action Plan for Routes of Regional Significance (the Plan), regional Transportation Improvement Projects, listed in Section 8 of this Agreement, which are designed to help mitigate the regional impacts of forecast development within the Tri-Valley Development Area. D. Tri-Valley Regional Fee. State law allows the Cities and Counties to establish a fee on all new development within the Tri-Valley Development Area which would finance all or a portion of these Transportation ~: Improvement Projects. . E. Collection and Use of Improvement Fees. The Parties agree to collect fees for the Transportation Improvement Projects on a uniform basis and to use the fees collected in a coordinated manner to provide for financing and construction of the Transportation Improvement Projects. NOW, THEREFORE, the Parties agree: Section 1. Parties The Parties to this Agreement are the Cities and Counties. Section 2. a. "ACTA" refers to the Alameda County Transportation Authority, a legal entity created by statute. ACTA and several of the Parties are parties to separate agreements, entitled "Local Match Agreements," ~vhereby such parties have committed to provide funding to ACTA for construction of the 1-580/680 Interchange improvements. b. "Gross Floor Area" refers to the sum of the area at each floor level, including, but not limited to, cellars, basements, mezzanines, penthouses, corridors, lobbies, stores, and offices, that are included Joint Exercise of Powers Agreement Page 2 of 22 TVTD Fees for Traffic Mitigation April 24 1998