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HomeMy WebLinkAbout4.06 FundingAgmntI-580/Tass CITY CLERK File # D~[g[g-~~ AGENDA STATEMENT CITY COUNCIL MEETING DATE: February 2,1999 StTBJECT: A TTACHJVIENTS: RECO],vlME~DA TION: 1) Í) A ¥ 2) \VV FINANCIAL STATEMENT: FINk"iCIAL DESCRIPTION: Agreements with Jennifer Lin, Alameda County Surplus Property Authority (ACSPA), Ì\1ission Peak Homes, Shea Homes, and Greenbriar Land Co. for funding the preparation of Project Study RepOJi for 1-580/TassajaralSanta Rita Interchange. Report Prepared by: Lee S. Thompson, Public Works Director l) 2) Resolution Agreements with Jennifer Lin, A]ameda County Surplus Property Authority, Mission Peak Homes, Shea Homes, and GrÅ“nbriar Land Co. Budget change fonn Letter from Alameda County Surplus Property 3) 4) Adopt Resolution approving agreements Establish a new Capital Improvement Project for the 1-580/Tassajara Road Interchange and approve budget change for FY 1998-99. The total cost for the project study report (PSR) for the l-580/TassajaralSanta Rita Road Interchange Improvements is $366,558. Each of five developers initial deposits and additional contributions are based on the estimated traffic volume that will be generated by their respective developments. The total contribution is equal to the total cost for the project study report. See description below for specific infonnation. These agreements provide that the five developers will pay the cost of the project study report for interchange improvements. The project study report is proposed to be prepared by CCS P]anning and Engineering, whose agreement for the work is a separate item on this agenda. The estimated cost breakdovm for preparation of the project study report by developer is: - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - g. '\è ~\'~] op\ín1~rch2..."'1ge5\conlfjbagrt_ t2SS COPIES TO: Jennifer Lin c/o Marty lnderbitzen, ACSPA, Greenbriar Land Co., Shea Homes, The Mission Peak Company 41 (5' /:1 . "\ ,,' -,"~) ''\,¿; ITEIvl NO. #01-12 I-580/Tassajara Road Interchange Improvements %OF TOTAL DEVELOPER TRA.FFI C CONTRIBUTION Alameda County I 24% $ 87,974 Dublin Ranch Phase I (Shea) ll% 40,321 Dublin Ranch A-F (Lin) 63% 230,932 Mission Peak Homes I 0.7% 2,566 Greenbriar Homes I 1. 3 o/ó 4,765 TOTAL 100% $366,558 The costs for the Project Study Report are as follO\\'s: CCS Homolka City Staff Time $326,558 30,000 10.000 $366,558 These developers will receive a credit against payment of future Eastern Dublin Traffic Impact Fees in an amount equal to funds advanced for this work. TIF Credit will only be given after the cash deposits have been received by the City. It is proposed to establish a new CapitaJ Improvement Project for this work, the cost of v,'hich is to be offset by new revenue. The developers will post an initial deposit upon approval of this agreement and advance the additional contribution as the study progresses. DESCRIPTION: Improvement of the I-580/Tassajara Road Interchange is a required mitigation for the Dublin Ranch Phase I, Dublin Ranch Areas A-E DeveJopment, ACSPA Santa Rita Development, Tassajara Meadows I and Greenbriar Development. This agreement with the developers of these projects (Jennifer Lin, ACSPA, Shea Homes, The Mission Peak Company and Greenbriar Land Company) provides for payment of costs related to preparation of a Project Study Report for the needed interchange improvements. A separate item on the agenda provides for the City's agreement with CCS Planning and Engineering for preparation of the PSR. The City already has an agreement \\lith George Homolka for consultant services on 1-580 Interchange improvements. Staff recommends that the City Council approve the budget change and adopt the resolution approving the aQreement. Page 2 J~/}3 i./) RESOLUTION NO. - 99 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF DUBLIN * * * * * * * * * APPROVING AGREEMENT \VITH JENNIFER LIN, ALAl\fEDA COUNTY SURPLUS PROPERTY AUTHORITY (ACSPA), SHEA HOl\fES, THE l\fISSION PEAK COMPAl\}', AND GREENBRL.\R LAND COl\fPANY REGARDING PROJECT STUDY REPORT FOR 1-580rrASSAJAR.\ ROAD/SANTA RITA ROAD INTERCHANGE WHEREAS, a part of the mitigation for the Dublin Ranch Phase I, Dublin Ranch Areas A - E Development, Alameda County Surplus Property Authority (ACSP A) Santa Rita Development, Tassajara Meadows I, and Greenbriar Development requires improvement of the I-580/Tassajara Road/Santa Rita Road interchange; and \VHEREAS, the City and Jennifer Lin, the ACSPA., Shea Homes, The :Mission Peak Company, and Greenbriar Land Company have agreed to the preparation of a project study report related to this interchange; and \VHEREAS, a credit against payment of future Category 1 Eastern Dublin Traffic Impact Fees will be provided in the amount ofJennifer Lin's, the ACSPA's, Shea Homes', The Mission Peak Company's, and Greenbriar Land Company's payments to the City for costs related to the project study report; NOW, THEREFORE, BE IT RESOLVED that the City Council approves the agreements with Jennifer Lin, the ACSPA, Shea Homes, The 1\1ission Peak Company, and Greenbriar Land Company regarding preparation of project study report for the I-580/Tassajara Road/Santa Rita Road interchange; BE IT FURTHER RESOLVED that the Mayor is authorized to execute the agreements. PASSED, APPROVED AND l'\.DOPTED this 2nd day of February, 1999. Aì~S: NOES: ABSENT: iillSTAIN: Mayor ATTEST: City Clerk G: Idevelop\ínterchanges'ireso _tassag/1 ATTACHMENT 1 " _J ! 0__, JO-\ __ AGREEMENT BETWEEN ALAMEDA COUNTY SURPLUS PROPERTY AUTHORITY AND CITY OF DUBLIN REGARDING PROJECT STUDY REPORT FOR 1-580rrASSAJARA ROAD/SANTA RITA ROAD INTERCHANGE THIS AGREEMENT is entered into this 2nd day of February, 1999, between the City of Dublin, a municipal corporation ("City") and the Alameda County Surplus Property Authority (ACSP). RECITALS A. ACSP owns approximately 660 acres of land located within the area generally known as Eastern Dublin. B. City has adopted a traffic impact fee (Eastern Dublin Traffic Impact Fee) to pay for road improvements necessary in Eastern Dublin. C. City's Eastern Dublin Specific Plan ("Specific Plan") designates land uses for ACSP's property. ACSP will be required to pay an Eastern Dublin Traffic Impact Fee when ACSP further develops its property. D. A project study report or "PSR" is required by Caltrans in connection with improvements to the Tassajara Road/Santa Rita Road interchange. r- 1::. ACSP has agreed to advance funds to City for retention of a consultant to prepare a project study report as provided in this agreement and City has agreed to provide ACSP a credit against payment of future Eastern Dublin Traffic Impact Fees in an amount equal to the funds advanced. F. Based on a preliminary traffic analysis, it has been determined that the Lin's initial fair share portion of the 1-580lTassajara Road/Santa Rita Interchange PSR is 63%. AGREEMENT Now, therefore, City and ACSP agree as follows: 1. Consultant City will retain a consultant to prepare a project study report for the Tassajara/Santa Rita interchange. City shall enter into an agreement with a consultant within 30 days of this agreement. 2. Pavment ACSP will pay an initial deposit of $24,000 to City contemporaneous with execution of this agreement to be used by City to cover City's costs of the PSR as set forth in paragraph 1 above. Any funds remaining shall be returned to ACSP following completion of the PSR. ACSP shall deposit additional funds when requested by the City's Public Works Director but not to exceed an additional $63,974, for a total contribution of $87,974. ATTACHMENT 2 .- /' 1·- / ,tP I _/ ./ 3. Credit Aaainst TIF City shall provide a credit to ACSP in the amount of ACSP's payment for the PSR. The amount of the credit shall not be increased for inflation nor shall interest accrue on the amount of the credit. The credit shall be applied by ACSP against the "Section 1" portion of the Eastern Dublin Traffic Impact Fee for the Santa Rita Development project in the manner and subject to the provisions of City's administrative guidelines for use of such credits. 4. No Obliaation to Approve Proiect This agreement shall not be construed as providing ACSP with any assurance that any application for a land use entitlement will be granted by City for ACSP's property. SURPLUS PROPERTY AUTHORITY ALAMEDA COUNTY, a public corporation CITY OF DUBLIN By: By: Guy S. Houston, Mayor Name: Title: APPROVED AS TO FORM: ATTEST By: Kay Keck, City Clerk ATTEST: Clerk, Board of Supervisors And Surplus Property Authority, County of Alameda g: deve 10 p \i nterchang es \acspag rt. doc .- - AGREEMENT BETWEEN MSSH DEVELOPMENT LLC (SHEA HOMES) AND CITY OF DUBLIN REGARDING PROJECT STUDY REPORT FOR 1-580rr ASSAJARA ROAD/SANT A RITA ROAD INTERCHANGE THIS AGREEMENT is entered into this 2nd day of February, 1999, between the City of Dublin, a municipal corporation ("City") and MSSH Development LLC, a California Limited Liability Company ("Shea"). RECITALS A. Shea owns approximately 210 acres of land located within the area generally known as Eastern Dublin. Shea's property is within the City of Dublin. B. City has adopted a traffic impact fee (Eastern Dublin Traffic Impact Fee) to pay for road improvements necessary in Eastern Dublin. C. City's Eastern Dublin Specific Plan ("Specific Plan") designates land uses for Shea's property. Shea will be required to pay an Eastern Dublin Traffic Impact Fee when Shea develops its property. D. A project study report or "PSR" is required by Caltrans in connection with improvements to the Tassajara Road/Santa Rita Road interchange. E. Shea has agreed to advance funds to City for retention of a consultant to prepare a project study report as provided in this agreement and City has agreed to provide Shea a credit against payment of future Eastern Dublin Traffic Impact Fees in an amount equal to the funds advanced_ F. Based on a preliminary traffic analysis, it has been determined that the Shea's initial fair share portion of the 1-580fTassajara Road/Santa Rita Interchange PSR is 11 %. AGREEMENT Now, therefore, City and Shea agree as follows: 1. Consultant City will retain a consultant to prepare a project study report for the Tassajara/Santa Rita interchange. City shall enter into an agreement with a consultant within 30 days of this agreement. 2. Payment Shea will pay an initial deposit of $11,000 to City contemporaneous with execution of this agreement to be used by City to cover City's costs of the PSR as set forth in paragraph 1 above. Any funds remaining shall be returned to Shea following completion of the PSR. Shea shall deposit additional funds when requested by the City's Public Works Director but not to exceed an additional $29,321 for a total contribution of $40,321. ,..- J / , ,/ /~ 3. Credit Aaainst TIF City shall provide a credit to Shea in the amount of Shea's payment for the PSR. The amount of the credit shall not be increased for inflation nor shall interest accrue on the amount of the credit. The credit shall be applied by Shea against the "Section 1" portion of the Eastern Dublin Traffic Impact Fee for the Dublin Ranch project in the manner and subject to the provisions of City's administrative guidelines for use of such credits. 4. No Obliaation to ADDrove Project This agreement shall not be construed as providing Shea with any assurance that any application for a land use entitlement will be granted by City for Shea's property. CITY OF DUBLIN MSSH Development LLC By: By: Guy S. Houston, Mayor ATTEST Kay Keck, City Clerk g: deve I op\i nte rcha ng es \d u brcn a 9 rt. d DC / ~~ _J );, ~' AGREEMENT BETWEEN JENNIFER UN AND CITY OF DUBLIN REGARDING PROJECT STUDY REPORT FOR 1-580fTASSAJARA ROAD/SANTA RITA ROAD INTERCHANGE THIS AGREEMENT is entered into this 2nd day of February, 1999, between the City of Dublin, a municipal corporation ("City") and Jennifer Lin ("Lin"). RECITALS A. Lin owns approximately 1,227 acres of land located within the area generally known as Eastern Dublin. Some of Lin's property is within the City of Dublin and the remainder of Lin's property is within the City's sphere of influence. B. City has adopted a traffic impact fee (Eastern Dublin Traffic Impact Fee) to pay for road improvements necessary in Eastern Dublin. C. City's Ea~tern Dublin Specific Plan ("Specific Plan") designates land uses for Lin's property. Lin will be required to pay an Eastern Dublin Traffic Impact Fee when Lin develops her property. D. A project study report or "PSR" is required by Caltrans in connection with improvements to the Tassajara Road/Santa Rita Road interchange. 1= '-. Lin has agreed to advance funds to City for retention of a consultant to prepare a project study report as provided in this agreement and City has agreed to provide Lin a credit against payment of future Eastern Dublin Traffic Impact Fees in an amount equal to the funds advanced. F. Based on a preliminary traffic analysis, it has been determined that the Lin's initial fair share portion of the 1-580fTassajara Road/Santa Rita Interchange PSR is 63%. AGREEMENT Now, therefore, City and Lin agree as follows: 1. Consultant City will retain a consultant to prepare a project study report for the TassajaralSanta Rita interchange. City shall enter into an agreement with a consultant within 30 days of this agreement. 2. Payment Lin will pay an initial deposit of $63,000 to City contemporaneous with execution of this agreement to be used by City to cover City's costs of the PSR as set forth in paragraph 1 above. Any funds remaining account shall be returned to Lin following completion of the PSR. Un shall deposit additional funds when requested by the City's Public Works Director but not to exceed an additional $167,932 for a total contribution of $ 230,932. 3. Credit Aaainst TIF City shall provide a credit to Lin in the amount of Lin's payment for the PSR. The amount of the credit shall not be increased for inflation nor shall interest accrue on the amount of the credit. The credit shall be applied by Lin against the "Section 1" portion of the Eastern r¡ _r 15 Dublin Traffic Impact Fee for the Dublin Ranch project in the manner and subject to the provisions of City's administrative guidelines for use of such credits. 4. No Obliaation to ADDrove Proiect This agreement shall not be construed as providing Lin with any assurance that any application for a land use entitlement will be granted by City for Lin's property. CITY OF DUBLIN JENNIFER LlN By: By: Ted Fairfield, Consulting Civil Engineer Guy S. Houston, Mayor AïTEST Kay Keck, City Clerk 9 :develop\interchanges \1 in agrt doc r/ ~ I_~ ',\;....--/ í~' AGREEMENT BETWEEN THE MISSION PEAK COMPANY AND CITY OF DUBLIN REGARDING PROJECT STUDY REPORT FOR 1-580ITASSAJARA ROAD/SANTA RITA ROAD INTERCHANGE THIS AGREEMENT is entered into this 2nd day of February, 1999, between the City of Dublin, a municipal corporation ("City") and The Mission Peak Company ("MPC"). RECIT ALS A MPC owns approximately 19+ acres of land located within the area generally known as Eastern Dublin. MPC's property is within the City of Dublin. B. City has adopted a traffic impact fee (Eastern Dublin Traffic Impact Fee) to pay for road improvements necessary in Eastern Dublin. C. City's Eastern Dublin Specific Plan ("Specific Plan") sJesignates land uses for MPC's property. MPC will be required to pay an Eastern Dublin Traffic Impact Fee when MPC develops its property. D. A project study report or "PSR" is required by Caltrans in connection with improvements to the Tassajara Road/Santa Rita Road interchange. E. MPC has agreed to advance funds to City for retention of a consultant to prepare a project study report as provided in this agreement and City has agreed to provide MPC a credit against payment of future Eastern Dublin Traffic Impact Fees in an amount equal to the funds advanced, F. Based on a preliminary traffic analysis, it has been determined that the MPC's initial fair share portion of the 1-580lTassajara Road/Santa Rita Interchange PSR is .7%. AGREEMENT Now, therefore, City and MPC agree as follows: 1 . Consultant City will retain a consultant to prepare a project study report for the Tassajara/Santa Rita interchange. City shall enter into an agreement with a consultant within 30 days of this agreement. 2. Payment MPC will pay an initial $700 to City contemporaneous with execution of this agreement to be used by City to cover City's costs of the PSR as set forth in paragraph 1 above. Any funds remaining shall be returned to MPC following completion of the PSR. MPC shall deposit additional funds when requested by the City's Public Works Director but not to exceed an additional $1,866 for a total contribution of $2,566. 3. Credit Aaainst TIF City shall provide a credit to MPC in the amount of MPC's payment for the PSR. The amount of the credit shall not be increased for inflation nor shall interest accrue on the amount of the credit. The credit shall be applied by MPC against the "Section 1" portion of the Eastern Dublin Traffic Impact Fee for the project in the manner and subject to the provisions of City's administrative guidelines for use of such credits. 4. No Obliaation to ADorove Proiect This agreement shall not be construed as providing MPC with any assurance that any application for a land use entitlement will be granted by City for MPC's property. CITY OF DUBLIN THE MISSION PEAK COMPANY By: By: Guy S. Houston, Mayor ATTEST Kay Keck, City Clerk g: deve lop \i nterch anges \castrsnag rt, d DC 3. Credit AGainst TIF // :- City shall provide a credit to Greenbriar in the amount of Greenbriar's payment for the PSR. The amount of the credit shall not be increased for inflation nor shall interest accrue on the amount of the credit. The credit shall be applied by Greenbriar against the "Section 1" portion of the Eastern Dublin Traffic Impact Fee for the project in the manner and subject to the provisions of City's administrative guidelines for use of such credits. 4. No ObliGation to Approve Project This agreement shall not be construed as providing Greenbriar with any assurance that any application for a land use entitlement will be granted by City for Greenbriar's property. CITY OF DUBLIN GREENBRIAR LAND CO. By: By: Guy S. Houston, Mayor .A TTEST Kay Keck, City Clerk g: d eve ¡ 0 p \i nt ercha n 9 es \ya rra 9 rt. d DC ¡" / -- AGREEMENT BETWEEN GREENBRIAR LAND CO. AND CITY OF DUBLIN REGARDING PROJECT STUDY REPORT FOR I-580fT ASSAJARA ROAD/SANT A RITA ROAD INTERCHANGE THIS AGREEMENT is entered into this 2nd day of February, 1999, betvveen the City of Dublin, a municipal corporation ("City") and Greenbriar Land Co. ("Greenbriar"). RECITALS A. Greenbriar is under contract to purchase approximately 12.2 acres of land located within the area generally known as Eastern Dublin. Some of Greenbriar's property is within the City of Dublin and the remainder of Greenbriar's property is within the City's sphere of influence. B. City has adopted a traffic impact fee (Eastern Dublin Traffic Impact Fee) to pay for road improvements necessary in Eastern Dublin. C. City's Eastern Dublin Specific Plan ("Specific Plan") designates land uses for Greenbriar's property. Greenbriar will be required to pay an Eastern Dublin Traffic Impact Fee when Greenbriar develops its property. D. A project study report or "PSR" is required by Caltrans in connection with improvements to the Tassajara Road/Santa Rita Road interchange. E. Greenbriar has agreed to advance funds to City for retention of a consultant to prepare a project study report as provided in this agreement and City has agreed to provide Greenbriar a credit against payment of future Eastern Dublin Traffic Impact Fees in an amount equal to the funds advanced. F. Based on a preliminary traffic analysis, it has been determined that the Greenbriar's initial fair share portion of the 1-580lTassajara Road/Santa Rita Interchange PSR is 1.3%. AGREEMENT Now, therefore, City and Greenbriar agree as follows: 1. Consultant City will retain a consultant to prepare a project study report for the Tassajara/Santa Rita interchange. City shall enter into an agreement with a consultant within 30 days of this agreement. 2. Pavment Greenbriar will pay an initial deposit of $1,300 to City contemporaneous with execution of this agreement to be used by City to cover City's costs of the PSR as set forth in paragraph 1 above. Any funds remaining shall be returned to Greenbriar following completion of the PSR. Greenbriar shall deposit additional funds when requested by the City's Public Works Director but not to exceed an additional $3,465 for a total contribution of $ 4,765. CITY OF DUBLIN BUDGET CHANGE FOR1\1 / .~~ - .- CHANGE FORM # :\'ew Appropriations (City Council Approval Required): Budget Transfers: From Unappropriated Reserves From Budgeted Contingent Reserve (J 080- 799.000) Within Same Department Activity Benveen Departments (Cit)' Council Approval Required) Other , INCREASE BUDGET'ACCOUNT AMOUNT _X_ From New Revenues . . DEtRE~:\s.ïfBùDGEtAcc6ûNT ÁÄiOUNT :--;ame: Name: Project Study Report for J-580iTassajara Road Jnterchange (staff time) $ 10,000 Account #: Account #: 300-xxxx-70J-00] :--;ame: Name: Project Study Report for J-580/Tassajara Road Jnterchange (Homolka and CCS) $ 356,558 Account #: Account #: 300-xxxx- 740-070 Name: Revenue Name: Traffic Jmpact Fee Fund S 366.558 Account #: Account #: 300- 1000-570-005 City Manager: Date: Signature REASON FOR BUDGET CHANGE ENTRY: Preparation of project study report for freeway interchange improvements - required mitigation for Dublin Ranch project. Cost is paid by developer contribution and credited to developer Eastern Dublin Traffic Impact fees per agreement with Jennifer Lin, AJameda County SPA, Shea Homes, The Mission Peak Company and Greenbriar Land Company. As Approved at the City Council Meeting on: Date: Mayor: Date: Signature Posted By: Date: Signature G:agcnmisc\budget chg laSS interchange j 3Jan99.doc ATTACHMENT 3 NU. ¿¿lj ¡) 1. Jt.h. 14.1jj~ 4:1ÖPM Adolph rll',artinerr¡ Age"~y ~¡"'(Tor Patrick C¡;5hr"Bi1 Projt::.t :J,;,ccror 2>1 ·VV',~·.q \,VÎr,(or ,£..\/~rlE-: .~G : II : 5 1 ¡2>-~\:,~rd C¿::,~:::'fÎlia Ç..:'.':,1,~ ::;....~ :)r'I\: 510¿r,s~oü ~z..x ~ j:J, :;ï:.:5.2fì ·.·./',·.'\v ::::;,:; :;1Jf11ed.:; (~,-_>::C¡J /"':- AL.\...~1EDA CO UNIT COM..\1UNITY DEVELOPMENT AGENCY SURPLUS PROPERTY AUTHORITY Kevin Van Katv,'yk City of Dublin 100 Civic Plaza Dublin, CA 94568 Sent Via Fa.x (925) 833~6628 Re: I-5 80 I Tassajara Interchange PSR Funding Dear Ke\/in: The Surplus Property Authority of þJameda County has reviewed the Interchange Agreement and finds it acceptable. Attached is a copy of the Board Letter æcomm~nding that the Board of Super..1sors approve the A,greemeut. Please send m<: five (5) copies oftne Agreement, executed by the City, and I w111 get them executed by tb~ County after the anticipated January 26Ú1 Board approval. ~ í/IJ(¡~ Patrick Ca.shman Project Director -'U-.'-'uq~T li, . ~ .. ",\.1' ·,i';''-,·, ,_j~~~~,,~~- ,- ) ::1 ALAMEDA COU1'\TY COMMUNIIT DEYELOPMEl't"'T AGENCY SURPLUS PROPERTY AUTHORITY Adolph MaftineHi Agonçy DlfeaOr AGENDA_January 26. 1;>99 Þ"'trick Cashman Proje::-r ûir~;tOr January 12, 1999 .224 Honorable Board of Supervisors Admínistration Building Oakland, CA 94612 \/"¿ë5!. \.r\:it"ìron Avenut I\ê:;OrTI 151 Hayward C~¡¡fcrnia 9~~4 Dear Board Members: v,on~ 5 i 0 570_"4(}:) F3x 5' 0 670.55~9 SUBJECT: 1-580/Tassajara Road Interchange PSR Funding for Dublin RECOMMFNnA TTON.:. iIV\."f""". CQ.òlðm,:!;j¡;.~.J.):./cd~ That your Board, sitting as the Commission of the Surplus PropeI1y Authority of .AJarm:da County authorize the e:::\.-penditure of up to $75,000 from surplus; property development funds to pay for the City of Dublin's expenses relating to the Project Study Report for planned improvements to the Tassajara RoadfI-580 interchange adjacent to the Santa Rita property. STiMM A.RY/DrSrnSSrON· One of the major Uoffsite" improvements requir'.....d for the build out of the ~ County's Santa Rita property in Dublin (as well as the rest of Eastern Dublin) is th~ expansion of the 1-580lTassajara Road interchange. Several of the : development agreements that the County has enrered into with th~ City fot development on the Santa Rita property require that the County undertake~ improvements to this interchange when dictated by the City. With most of the Santa Rita property DOW underway, these improvements will soon be required. The City has decided to talæ a holistic approach towards the interchange and start the process with Caltrans for constructing all improvements as part of one: project, rather than in a piecemeal fashion. Therefore, the City is undertaking to do a Project Study Report (PSR) with Caltrans as the fIrst step in reconstI'9-cring the intercÌ1arlge to support fuil build out of Eastern Dublin, including the Santa Rita development. Per City policy that development pay for itself, the City has distributed the cost of doing the PSR among the Eastern Dublin landowners according to traffic volumes. According to the City, the Santa Rita property will contribute " Jf.N.j4,j~S'~ 4:j(fM NU. ¿¿lj r. j I Board of Supervisors January 12, 1999 Page 2 approximately 24% ofth~ traffic, so the City is requesting that the County còntribute 24% of the cost of the PSR. With the costs for City staff time and contingencies, the County's share will Ix up to $Î5,OOO in addition to a $24,000 deposit previously made as parr of an earlier agreement. The PSR is only the fIrst stage in reconstructing the interchange. With the Project Report, construction drawings and actual construcrion, the County's share of the interchange, at 24 % of the: projected total, could approach $2 million. However, the County will receive credits aga.inst the City's Traffic Impact Fees, which will then be reimbursed by Santa Rita and other Eastern Dublin developers. FimmciaJ Tm!13ct: '. Funds for this eÀ-penditure are available in Fund 28, Depa11ment 144, established to pay for surplus propeny development. There wiII be; no impacts to the County General Fund. Very tru.ly yours, ~~ Adolph M¿~ Community Development Director cc: Coumy Admìnistrator V.B. Singh Frank Chan Pat Cashman