CCMIN110981 - Laserfiche WebLink

275 Mr. Zullo stated that the North Pleasanton study included the area bounded by Santa Rite Road, Foothill Boulevard, 1-580, and the Arroyo Mocho Canal, and in- cludes approximately 1,500 acres - of which 1,324 acres are undeveloped, and are zoned office, light industrial, and public, with a small amount of high, medium, and low density residential. Mr. Zullo advised that the report review mt,tigating measures and impact on traffic to 1995. He stated that two types of improvements are necessary; freeway type and local street type. He reviewed the improvements included in the freeway facilities as follows: (1) construction of interchange at Route 680 and Stoneridge, projects for completion in 1985; (2) construction of interchange at Hopyard Road and Route 580, projected for completion in 1985; (3) construction of additional lanes Route 680 and Route 580, projected for completion in 1986; (4) construction of Las Positas interchange at Route 680, projected for completion in 1989; and (5) construc- tion of Santa Rita Interchange at Route 580, projected for completion in 1990. He stated these are the minimum improvements identified as those freeway improvements necessary to mitigate 1995 traffic. Mr. Zullo stated there is a new street in this area ~med Hacienda, and the cost of the Hacienda interchange proposed to be required in the year 2000, between Santa Rite Road and Hopyard Road, has not been included due to the uncertain nature of this improvement requirement as well as added uncertainty in obtaining State approval for this facility. Mr. Zullo reviewed the major street improvements that have been identified as major street improvements to mitigate traffic in the North Pleasanton area as fol- lows: (1) Stoneridge Drive extending from Foothill Boulevard to Hopyard; (2) Hop- yard Road extending from the Freeway to Valley; and (3) Santa Rita Road extending from Valley to Route 580. He stated it is necessary to mitigate traffic that would occur going from the present condition to the developed condition. Mr. Zullo stated there are two financing concepts to be considered: (1) tax increment financing; and (2) benefit or improvement district. Mr. Zullo reviewed the timetable proposed for completion of the various improve- ments. He also reviewed the costs as well as the cost index factor, which has been set at 8.7% in this report for inflationsty purposes. He reiterated that the dis- tribution of costs is very preliminary at this point. He stated that no actual payments would be required of a property o~ner until a project is implemented. Mr. Zullo stated that he felt an assessment district is necessary for the orderly development of the North Pleasanton area so that improvements necessary to identify traffic obligations can be completed without obligating the City. He stated that costs of freeway type improvements would only be assessed to commercialf industrial and high density residential, and street improvements to those parcels with unimproved frontage. Planning,Commissioner Ltndsey asked if consideration had been given to improve- ment of Valley Avenue. Mr. Zullo stated it was not included in this study. Planning Commissioner Jamieson asked what the total cost' of the project would be. Mr. Zullo advised him it would total approximately 75 million dollars. Mr. Jamieson asked what the cost to the City would be. Mr. Zullo stated there is no cost to the City at this time but there could be a risk to the City which would include unanttci- pared contingencies that are unknown costs at this time. 2. 11/9/sl