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DISCUSSION <br />In 2004, after completing an update to the action plan, the MC decided that an update <br />to the traffic fee was necessary. As part of this update, new projects were selected to <br />be added to the original list of projects. Eleven new projects (later modified to ten) were <br />identified and are included in Table 2 below. <br />Table 2 - 2008 New TVTC Projects (known as "List B" projects) <br />Project <br />Number <br />Project Descri tion <br />g1 I-580/1-680 interchange (westbound to southbound) <br />62 5th eastbound lane on I-580 from Santa Rita to Vasco Road <br />B3 I-580/First Street interchange modification <br />64 I-580Nasco Road interchange modification <br />B5 I-580/Greenville Road interchange modification <br />B6 Jack London Boulevard extension <br />67 EI Charro Road Extension <br /> <br />68 Camino Tassajara widening: East Blackhawk Drive to County <br />line <br /> <br />B8 removed at Au ust 2008 MC Meetin <br />B10 I-680 HOV lanes, Livorna to North Main <br />611 I-680 HOV Facilities/Express Bus <br />A nexus study has been completed for the original seven of the eleven projects (four <br />projects have been completed and were not included in the nexus study) in combination <br />with the new ten projects. The nexus study found that, similar to the original nexus <br />study, the new development could be required to pay fees to fund 100% of these <br />improvements. <br />The revised total project cost for the seven remaining original projects is $1.1 billion with <br />the unfunded cost of these seven projects of $389 million; the ten new projects have a <br />total cost of $1.5 billion and an unfunded cost of $1.1 billion. <br />Applying 100% of these costs to new development would produce the fee rates shown <br />in Figure 3. <br />Page4of8 <br />