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THE CITY OF _ Q <br /> pL£ASANTONa CITY COUNCIL AGENDA REPORT <br /> June 2, 2015 <br /> Community Development <br /> Traffic Engineering Division <br /> TITLE: ADOPT A RESOLUTION TO UPDATE THE TRI VALLEY <br /> TRANSPORTATION DEVELOPMENT FEES <br /> SUMMARY <br /> On June 19, 2014 the Tri Valley Transportation Council (TVTC) approved an update to <br /> the Tri-Valley Transportation Development Fee. Member agencies are now bringing the <br /> recommended fee rates to their respective Boards and Councils for consideration. If <br /> approved, the updated fee amounts would be effective on July 1, 2015. <br /> The recommended increase to the fee would bring the fee to 35% of the maximum <br /> allowable fee. The proposed fee increase would be phased, with the first increase <br /> occurring on July 1, 2015 (to 25% of maximum allowable rate) and the final increase <br /> occurring on July 1, 2016 to increase the fee to 35% of the allowable fee rate. <br /> RECOMMENDATION <br /> Adopt the resolution to update the Tri-Valley Transportation Development Fees as <br /> adopted by the Tri-Valley Transportation Council on June 19, 2014. <br /> FINANCIAL STATEMENT <br /> The Tri-Valley Transportation Fee is collected for every development project in the City <br /> of Pleasanton. These fees go directly into the Tri-Valley Traffic Fee account for use on <br /> the identified projects. The collection of the increased fee would have no direct impacts <br /> on the City. <br />