RES 98088 - Laserfiche WebLink

those Parties' Local Match obligations by $753,500 and $429,416, respectively, and will reduce the total Local Match obligation to ACTA from $5,548,300 to $4,365,384. Thus, if the only contributions to the 580/680 interchange proiect prior to the Fee Effective Date are the foregoing contributions by Dublin and Pleasanton, the total Local Match obligation will be met once ACTA has received $4,365,384. e. Reimbursement for Payments Made After Fee Effective Date. If a Party, after the Fee Effective Date, meets its obligation to ACTA for Local Match Funds for the 580/680 interchange proiect from any source other than TVTD Fee revenues, the Treasurer, upon written request by the Party and after ACTA has certified that it has received $5,548,300 (less any contributions by Parties subiect to reimbursement pursuant to section 7.d), shall reimburse the Party for such contribution, together with five percent annual simple interest calculated from the date of payment to ACTA. Reimbursement shall be from TVTD Fee revenues only and shall be made only after the Treasurer has reimbursed any Parties for the contributions they made prior to the Fee Effective Date, pursuant to Subsection (d) above. Section 8. Transportation Improvement Pro!ects The Tri-Valley Transportation Development Fee shall be used to fund all or a portion of the costs of the following proiects: a. Improvements to the 1-580/I-680 interchange: construct a southbound 1- 680 to eastbound 1-580 flyover and associated improvements (not to exceed $5,548,300) b. Improvements to State Route 84 between 1-580 and Io680 c. Auxiliary lanes along Io680 from Diablo Road to Bollinger Canyon Road d. West Dublin/Pleasanton BART Station e. 1-580 HOV lanes between Santa Rita Road and Greenville Road f. 1-680 HOV lanes from the State Route 84/I-680 interchange to the top Joint Exercise of Powers Agreement Page 12 of 2 1 TVTD Fees for T-raffic Mitigation June 2, 1998