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Figure 3 - 100% Funding of 21 TVTC Projects by Land Use Type $zs,ooo $za,ooo $22,000 $zo,ooo $22,710 $20,800 $is,ooo $16,000 $14,000 ~ $12,000 $io,aoo $a,ooo $s,ooo $4,000 $2,000 $0 $12,100 Single Family Multi-Family Retail per Office per 1,000 Industrial per 1,000 sq. ft. sq. ft. 1,000 sq. ft. The TVTC agreed that the 100% fee amounts would place too great a burden on development and decided to pursue the local match approach that the TVTC Fee has been used for in the past, but to collect at a higher rate so that it is possible to collect sufficient funds to potentially fully fund the List A projects. Specific funding amounts to the 21 projects has not been identified (update to the Strategic Expenditure Plan is the next step in the process), but the TVTC did agree that the List A projects will receive a higher priority than the List B projects. The recommended fee structure is shown below and includes a phased approach to meet the goal of collecting 35% of the full amount. For fiscal year 2009/2010, the fee would be assessed the standard construction cost index adjustment. There would be an adjustment to the "other" category and the creation of an Affordable Housing category. In 2010/2011, the first step increase would be implemented to bring the fee collection rate to 25% of the maximum allowed, and in 2011/2012, a second step increase would be implemented to bring the rate to the established 35% of maximum rate allowed. The specific increases are shown in Table 3 and Figure 4. This 35% maximum will remain until 2030 or until a new update is determined to be necessary by the TVTC. Page 5 of 8