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<br /> <br />6C <br /> <br />- <br /> <br />pLEASANTONc <br />MEMORANDUM <br /> <br />Date: <br /> <br />September 19, 2006 <br /> <br />To: <br /> <br />Mayor and City Councilmembers <br /> <br />0V <br /> <br />From: <br /> <br />Nelson Fialho, City Manager <br />Steven Bocian, Assistant City Manager 5'3 <br /> <br />Subject: <br /> <br />Draft Financing Plan for Vineyard A venue Corridor Specific Plan Infrastructure <br />Improvements <br /> <br />This memorandum is in response to a City Council request to provide a draft financing plan (Attachment <br />A) for Vineyard Corridor infrastructure improvements outlined in the August 15, 2006 staff report <br />recommending awarding of contracts for water facility improvements (including water storage tank, <br />finished access road, Zone 7 turnout and pump station). <br /> <br />BACKGROUND <br /> <br />In March 2000, the City Council approved the "Vineyard Avenue Corridor Shared Infrastructure <br />Financing Program" (Financing Program) (Attachment B) to finance the utility and roadway <br />improvements identified in the Vineyard Avenue Corridor Specific Plan (Specific Plan). The Financing <br />Program was based on the Specific Plan's general financing concepts that included the following: <br /> <br />. To implement a fair and equitable method of spreading the costs of financing shared <br />infrastructure improvements. <br /> <br />. To establish a coordinated and efficient program of phasing infrastructure improvements which <br />allows private developments, an elementary school, and a community park to develop in as <br />timely a manner as possible. <br /> <br />While the anticipated Specific Plan infrastructure improvements are extensive with significant detail, for <br />the purpose of this memo, they can be summarized as follows: <br /> <br />. Water System Improvements - Construction of a water storage facility (reservoir), modifications <br />to an existing Zone 7 turnout, water supply lines and construction of a pump station. <br /> <br />. Sewer System Improvements - Construction of required sewer lines and a sewer pump station. <br /> <br />. Roadway Improvements - Realignment of Vineyard A venue, trail and landscaping <br />improvements to "Old Vineyard", and roadway landscaping. Also included were <br />reimbursements for Ruby Hill "s" Curve straightening and Vista Diablo Street frontage. <br />