RES 2024077 - Laserfiche WebLink

r. along with the source for each project.The locations of the roadway improvements are shown geographically in Figure 1. Table 1: Pleasanton TIF Transportation Project List 2018 IFR Remaining New Projects Total 2024 TIF Project List Projects Project Type #of #of #of Projects 1 Cost' Projects Cost' Cost' Projects Roadway 31 $259,170,000 9 $11,685,000 40 $270,855,000 Improvements New Traffic 0 $0 1 $22,200,000 1 $22,200,000 Signals Bicycle and Pedestrian 45 $129,560,000 8 $64,280,000 53 $193,840,000 Improvements Citywide Projects 2 $2,570,000 1 $500,000 3 $3,070,000 Total 78 $391,300,000 19 $98,665,000 97 $489,965,000 Source:Fehr&Peers,2024. Note:*The costs are in 2024 US dollars. For the projects that are already part of the TIF program,the cost estimates from the 2018 TIF nexus study have been escalated to the current year to adjust for inflation. For the newly added projects, cost estimates have been developed based on assumptions about the planned right-of- way, roadway cross-sections,and landscaping treatments for each corridor.These assumptions have been based on similar existing corridors within the City of Pleasanton as well as the City's roadway design standards, and have been reviewed and confirmed by City staff. In some cases, the estimated project cost is presented as a range, depending on design details that are not known at this point. As shown in Table 1,the total cost of all projects is about $490 million.The results of the nexus analysis procedures are described in the following sections of this memorandum. Nexus Analysis In order to include the 19 additional projects that are proposed to be added to the TIF program, it is necessary to establish a "nexus" or relationship between new development in Pleasanton,the need for transportation improvements in order to serve that new development, and the cost of the improvements that would be covered by the TIF.The following procedures have been used to evaluate that nexus relationship.