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S11JPPL4. "muEAC! AL IfY��l.�r_81f51L� Provided to the City Council After Distribution of Packet Johnson Drive EDZ 8/29/17 Staff Report Questions and Comments Date AUG 2 8 2M Submitted by Matt Sullivan—8/28/17 The following questions and comments are submitted to the City of Pleasanton in response to the JDEDZ Staff Report for the City Council meeting on 8/29/17. The Staff Report attempts to justify taxpayer subsidies to Costco and project developer Nearon to fund the infrastructure costs to mitigate the impacts of Costco and the EDZ. The city tries to make the case that this is a good long term investment for the city. They have presented the economics in a superficial and misleading manner that disguises the flaws of the agreement and the true cost to the public. My contention, based on a close analysis of the city's justification, is that it is not a good investment but simply corporate welfare to the extreme. Questions and Comments 1. The city staff is requesting final direction on the JDEZ subsidy plan at the Council's Sept. 18th meeting. Approval of the financing plan should occur at the same time as land use approvals are made, not in advance. This would be like me agreeing to pay you $10,000 for a car without me knowing what kind of car it is or its condition. 2. Top of page 2—all major land use approvals(hotels, club retail) should be considered using a PUD and public hearing process and retaining all rights of referendum as has the been the traditional land use process in Pleasanton. Major land use decisions should not be staff-level approvals without public oversight. 3. Page 8 of the SR indicates that the infrastructure costs do not include the Tri Valley Transportation Fee to mitigate the impacts of the project on 1-680. How much is that fee estimated to be and who will pay it? 4. Page 10 states that consultant Century Urban performed a study to determine the ability for Nearon and Costco to absorb the costs associated with the$21.5 million infrastructure improvements. Has this study been made public? I can't find it on the JDEDZ city website. Please provide a copy or post it on the JDEDZ website. The study found that Costco will require "partial reimbursement"to construct the improvements. A corporation with $120 billion in annual sales and $16 billion in annual gross profit(from Costco's 2016 financial statement)and with $3.3 billion in cash on hand can't afford $21 million in infrastructure costs? This is a ridiculous attempt at justifying taxpayer subsidies for this project. 5. Transportation Impact Fee's(TIF) should not be applied to fund direct project infrastructure improvements. TIF funds are paid by developers to offset offsite impacts to the overall General Plan circulation system from past development, not to be used to help fund new projects. The General Plan Circulation Element, Policy 1 contains the following two programs: 082917 SR Comments v2 Page 1