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Conclusion The Staples Ranch MOU obligates the City to process a development application which includes improvements to EI Charro Road. To identify appropriate roadway and infrastructure improvements and a mechanism to pay for these improvements, it has been necessary for the City to cooperate with the parties included in these agreements. Further, the timing of proposed development activity in Livermore and concerns raised by Vulcan Materials regarding the potential impact of this development on its operations, have prompted all parties to resolve these matters as cooperatively as possible. Consistent with the MOU, SPA is required to pay for all major public infrastructure and Pleasanton retains its previous responsibility to pay a pro rata share of the I-580 improvements. Also, Section 10 provides for a cost sharing formula between Livermore and Pleasanton to fund future traffic improvements if needed to retain LOS D at the EI Charro/Jack London intersection. Finally, these agreements do not obligate the City Council to approve the Staples Ranch project as outlined in the MOU and staff has required language in the Cost Sharing agreement stating that the Council's discretionary approval is not altered. The recommended agreements represent an effort to work cooperatively to address the interests of all of the parties with the goal of avoiding future conflicts and meeting each parties interest. Submitted by: Rob Wilson Public Works Director Fiscal Review: ~. ~~~~ David P. Culver Director of Finance Approved by: Nelson Fialhc City Manager Attachments: 1. Summary of Financial Obligations 2. Resolution Approving the Predevelopment and Cooperative Agreement 3. Resolution Approving the Cost Sharing Agreement Between the Surplus Property of Alameda County, The City of Livermore and City of Pleasanton 4. Predevelopment and Cooperation Agreement 5. Cost Sharing Agreement Page6of6