RES 00059 - Laserfiche WebLink

Tri-Valley Transportation Plan/Adion Plan Update project and help get additional State or federal funding. Projects 4 and 5 are not yet in Track 1 of MTC's Regional Transportation Plan. Each jurisdicrion may rerain up to 20 percent of TVTDF revenues it collects. This share of the fees must be used to fund the development or construction of one the 11 projects listed above. ~ ITVT~F ~as paid off ACTA and by press time will also have paid off Dublin and Pleasant ~ It \.contnbutlOnstoACTA. \~ l)W\il\jr)'" on or ,As; vf Del:t:I1IDn J 1, 199.8, the TVTDF had gCw...l<1rcd 368m) 1.... IlI11I1VII. 1 rw;o>ugn me end of FY 2012/2013, the TVTDF is forecast to generate about $56.7 million to fund identified projects in the Tri-Valley. The estimated cost for all eleven identified regional projects, however, is $466.1 million, far greater than expected fee revenues. Even with other sources of funding including Measure C), the SEP estimates a shortfall of about $300 million. Even if Alameda County voters approve a new Measure B, the shortfall will be in the $150-175 million range. Under the initial TVTDF fee schedule, single-family residential uses were charged $1,500; multi-family residential uses were charged $1,050; retail, commercial and office uses were charged $1.00 per square foot; and industrial uses were charged $0.75 per square foot. All other uses were charged $600 per peak-hour trip generated. The fees are escalated with increases in inflation in construction costs. SHARED FACILITIES Implementation of much of the planned arterial system will be the direct responsibility of new development. Many of the arterials, however, are shared among jurisdictions. For each of these improvements, a negotiated agreement needs to be reached about cost sharing between jurisdictions. The cost-sharing approach could be based on which jurisdic- tion's traffic is expected to use the facility, or it could be based simply on the boundaries within which the facility lies, or a combination. These agreements should be negotiated in advance so that when development takes place, the responsibility for road improvements is clear. Monitoring Transpartation Service Objectives The Transportation Service Objectives (TSOs) are the heart of the TVTP. While certain growth assumptions are a part of the plan, they serve merely to guide the specification of a planned transportation system and financing program. The TVTP does not control growth directly but indirectly through the TSOs. Under existing conditions, the TSOs relating to freeway and intersection levels of service are largely being met. Future growth should be matched with road improvements so that Page 68 18 April 2000