TRI VALLEY TRANSPORTATION DEVELOPMENT FEES TRAFFIC MITIGATION JPA

the p also 1 to as; the ~I than The ame] Parti, prior (i) (ii) (iii) The TVTD Fees extent permitted Each Mar( shall Reco Joint Exercise of Powe TVTD Fees for Traffi( arties and not transmitted to the Joint TVTD Fee Account shall ~e reflected within the SEP. The SEP shall also include guidelines :ute that Project Sponsors do not receive TVTD Fee revenues from reasurer (pursuant to Section 4(f)) for a Project in amounts more are authorized in the SEP. Circulation Draft" of the first amended SEP (and all subsequent dments) must be reviewed and approved unanimously by all of the .'s. The SEP must be reviewed at least once every two years by the 2. Each revision shall require unanimous approval by the TVTC. 7VTC shall consider the following criteria when establishing the ty of Transportation Improvement Projects in the SEP: Project Readiness: Ability of Project Sponsors to move directly to final design and construction, which could be represented by, among other things, completion of environmental documentation, inclusion of the project in the Regional Transportation Improvement Program, preparation of plans, specifications and estimates. Project Funding: Ability of project to "leverage" other funding, eligibility of the project for external funding, or commitment of external funding. Project Effectiveness: Ability of the project to address traffic congestion or safety problems. Section 12. Time of Pa.vment roll be collected prior to the issuance of a building permit to the law. Section 13. Tri-Valley Fee Adjustments ~arty shall include an automatic adjustment of the TVTD Fee as of h 1 of each year in its fee resolution or ordinance. The adjustment be based on the increase or decrease in the Engineering News- :d Construction Cost Index for the San Francisco Bay Area for the :s Agreement Mitigation Page 15 of 21 June 2, 1998