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Resolution No. 98-90 <br />Page 9 <br /> <br /> d. Public schools. <br /> <br /> e. Subsidized Housing Developments. <br /> <br /> f. Governmental buildings owned by any public entity unless a development <br /> agreement provides for payment of the TVTD Fee for a governmental <br /> building. <br /> <br /> g. Development projects which are subject to a development agreement except <br /> that the fee shall be applicable to any "significant" changes to any <br /> development agreement adopted after January 1, 1998. As used herein, <br /> "significant" means any of the following: (i) change in land use type (e.g., <br /> office to retail); (ii) intensification of land use types (e.g., increases in <br /> square footage of approved Office); (iii) extension of term of development <br /> agreements; and (iv) reduction or removal of project mitigation <br /> requirements or conditions of approval. <br /> <br />Section 5: TVTD Fee Adjustments. <br /> <br /> a. The TVTD Fee shall be adjusted automatically each March 1 by the <br /> increase or decrease in the Engineering News-Record Construction Cost <br /> Index for the San Francisco Bay Area for the period ending December 31 of <br /> the preceding calendar year. <br /> <br /> b. In addition to the automatic adjustment of subsection (a) above, the City <br /> may amend this resolution to adjust the TVTD Fee to reflect revisions in the <br /> Transportation Improvement Projects increases in land values over the <br /> inflationary increase or other factors. <br /> <br />Section 6: Use of TVTD Fee Revenues. <br /> <br /> a. The TVTD Fees shall be placed in the TVTD Fees Fund. Separate and <br /> special accounts within the TVTD Fees Fund shall be used to account for <br /> such revenues, along with any interest earnings on each account. <br /> <br /> <br />