TRI VALLEY TRANSPORTATION DEVELOPMENT FEES TRAFFIC MITIGATION JPA

Cumulative Local 3. Amount Paid to Match Treasurer/ACTA Shortfall Obligations City X $ 600,000 $690,000 City Y $ 300,000 $200,000 city z $ 300,000 $IO0,000 TOTAL $1,200,000 $990,000 $210,000 In this example, th a shortfall, City ¥~ obligation ($300,0 shortfall is $70,00~ [$210,000 x 66.67 sources other than Reim With Treas ACT~ for tln whir Reim and f by Pa Treas contr togetl Effec ii. iii. iv. Joint Exercise of Powe: TV'rD Fees for Traffic ere is a $210,000 shortfall. Because there are two Cities that have shortfall ($100,000) is compared to its cumulative Local Match 90). That percentage is 33.33%. Therefore, City 'Ps share of the ) [ $210,000 x 33.33%]; City Z's share of the shortfall is $140,000 %]. City Y and City Z will need to fund these shortfalls from TVTD Fees. )ursement for Contributions Made Prior to Fee Effective Date. n sixty days of the Fee Effective Date or its designation as arer, whichever occurs later, the Treasurer shall request from t a statement specifying the contributions by the Parties to ACTA e 580/680 interchange project prior to the Fee Effective Date . have been found by the ACTA Board to meet its "Policy on >ursement or Credit" (Exhibit B hereto). Based on this statement )llowing payment to ACTA of $5,548,300 (less any contributions rties subject to reimbursement pursuant to this subsection), the arer shall reimburse the Party or Parties that made such butions, in the chronological order such contributions were made, ~er with 5% annual simple interest calculated from the Fee ive Date, with the exception of the following contributions: County of Alameda, $45,000, City of Dublin, $111,700, City of Livermore, $111,700, City of Pleasanton, $203,700, s Agreement Page 10 of 2 l Mitigation June 2, 1998