RES 98090 - Laserfiche WebLink

Resolution No. 98-90 Page 10 b. Within 30 days of the end of each quarter, the Finance Director shall transmit not less than 80% of all TVTD Fees collected during the quarter, and any interest or income generated on such 80% amount, to the Treasurer, along with a statement setting forth the Transportation Improvement Project that the City intends to fund with the retained portion of the TVTD Fees. c. The Finance Director shall maintain a record of all TVTD Fees retained, together with interest or income on such retained fees, and annually shall fumish the Treasurer an accounting of such monies for inclusion in any audit of TVTD Fees prepared by or at the request of the Treasurer. d. The TVTD Fees (and interest or income generated on such fee revenues) shall be used for the following purposes: (1) To pay for design, engineering, right-of-way acquisition and construction of the Transportation Improvement Projects; (2) To satisfy the City's obligation to the Alameda County Transportation Authority CACTA") pursuant to the "Local Match Agreement" between the City and ACTA for funding for the 1-580/I-680 Interchange Project (see Section 7 of the JPA); (3) To reimburse Pleasanton or any of the parties to the JPA for contributions to ACTA for the 1-580/1-680 Interchange Project made prior to September 1, 1998 if such contributions qualify for reimbursement pursuant to Section 7(d) of the JPA; (4) To reimburse Pleasanton or any of the parties to the JPA for contributions to ACTA for the 1-580/I-680 Interchange Project made on or after September 1, 1998 if such contributions qualify for reimbursement pursuant to Section 7(e) of the JPA; (5) To reimburse developers who have constructed all or a portion of any of the Transportation Improvement Projects if such reimbursement qualifies for reimbursement pursuant to Section 7 of this resolution and Section 15 of the JPA;