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the capital projects incl~ bond proceeds; and VOtEREAS, local stre, used for any local trans projects, local transit p~ WHEREAS, the local jurisdictions within tha reference made a part ¢ within the sub-area ani WItEREAS, the alloc', mile figures; NOW, THEREFOR[ The ACTIA agrees tha 1. Within five revenues fr calculated 1 most currel 2. Update the population Equalizatk certified m updated M beginning tded in the Plan and by any programs included in the Plan that utilize the .ts and roads funds are provided to local cities and Alameda County to be ortation need based on local priorities, including streets and roads ects, bicycle and pedestrian projects and other transportation uses; and xansportation funds within a geographic sub-area will be allocated to the sub-area based on a formula, attached hereto as Exhibit A and by this f this AGREEMENT, weighted 50% by the population of the jurisdiction 50% of the number of road miles with the sub-area; and [tions may change in the future based on changes in population and road , it is mutually agreed by and between the parties as follows: : it shall: working days of actual receipt of the monthly Measure B sales tax m the State Board of Equalization, remit to the CITY an amount , the formula used to determine the program allocations, based on the population and maintained road mileage figures, as set forth in Exhibit A. Measure B sales tax revenue allocation formula to reflect the most current nd maintained road mileage using the California State Board of 's Annual Report of Estimated Population (E-1 published in May) and the mber of maintained road mileage from each CITY and the County. The .~asure B program allocation formula shall be reflected in the allocations .'ach July of the new fiscal year. ~greements~ACT1A-C1TY=Pleasantonagree.doc Page 2 of 11