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ATTACHMENT B CITY COUNCIL OF THE CITY OF PLEASANTON ALAMEDA COUNTY, CALIFORNIA RESOLUTION NO. 00-021 RESOLUTION APPROVING THE DETAILED FINANCING AND PHASING PROGRAM FOR THE VINEYARD AVENUE CORRIDOR SHARED INFRASTRUCTURE IMPROVEMENTS WHEREAS, on June I, 1999, the City Council approved the Vineyard Avenue Corridor Specific Plan ("Specific Plan"); and WHEREAS, the Specific Plan provided concept level guidelines for the design and financing of the shared water, sanitary sewer, roadway, storm-water detention, and utility undergrounding infrastructure systems; and WHEREAS, a detailed program for the design and financing of such infrastructure systems ("Program") has been prepared based on a "pay-as-you-go" scenario which would require developers to pay their fair share of infrastructure costs; and WHEREAS, the City Council has held noticed public hearings at its regular meetings of November 9, 1999 and March 7, 2000, to hear public input and consider staff recommendations regarding the Program; and WHEREAS, the City Council has considered all public testimony and is familiar with the Program, reports, and recommendations. NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF PLEASANTON RESOLVES AS FOLLOWS: Section I: Finds that the "Detailed Financing and Phasing Program for the Vineyard Avenue Corridor Specific Plan Shared Infrastructure Improvements," as set forth in the attached Exhibit A, incorporated herein by this reference, reasonably requires developers to pay their fair share of infrastructure costs related to the development of their property; with provisions for reimbursement if developers pay more than their share to proceed with their development in advance of other developers. Section 2: Approves the "Detailed Financing and Phasing Program for the Vineyard Avenue Corridor Specific Plan Shared Infrastructure Improvements. "