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TVTC Strategic Expenditure Plan 2022 Update │ Chapter 1: Introduction Draft Final Report │ April 29, 2022 2 impact fee revenues from member agencies to help implement transportation improvement projects within the Tri-Valley Area. One of the primary duties of the TVTC is the preparation of a TVTP/AP and cost sharing of recommended improvements. As previously noted, the TVTP/AP was originally prepared and presented to all member jurisdictions in April 1995. The TVTP/AP has been subsequently updated in 2004, 2009, 2013, and 2017. In January 2015, the TVTC adopted Resolution No. 2015-01 – Adopting the updated Tri-Valley Transportation Development Fee Schedule as a two-year phase-in plan, with no change during the initial year (FY 14/15), an increase to 25% of the maximum allowable rate by the fee nexus study in the second year (FY 15/16) and a final increase to 35% of the maximum allowable rate by the third year (FY 16/17). The new fee was based on the Fee Nexus Study adopted in 2008. In November 2015 a review of the 2008 Nexus Study was conducted to determine if a reasonable relationship between the unexpended fees and the purpose for which those fees were collected remain valid. This comparison analyzed the 2008 Nexus Study Fee Update in consideration of then current traffic conditions, forecasted growth, and project updates and found that the unexpended fees and the purpose of which those fees were collected remained valid 1. In January 2017, the TVTC approved the 2008 TVTC Nexus Study Validation Review and adopted the 2017 SEP Update. At that time the TVTC elected to maintain the current fee rate, with exception of the annual Construction Cost Index (CCI) adjustment. The 2017 SEP Update incorporated estimated TVTDF revenues over a 10-year horizon. The SEP 2017 Update recommended allocating funding to all of projects on List A and several projects on List B, at an approximate total of $50 million between FY16/17 and FY 25/26. The TVTC SEP 2017 Update was adopted on January 23, 2017. RECENT ACTIONS AND CURRENT SEP UPDATE With half of the current project list no longer being eligible for funding as a result of projects being completed or changes to the program, TVTC reviewed and selected additional projects to be considered for funding from the TVTDF. This selection process resulted in a new list of projects to mitigate the impacts of new development based on feasibility and stakeholder support. From this process, 16 projects (“List C”) were identified to be consider for receive funding from the TVTDF. In 2020, the 2020 TVTC Nexus Fee Update Study evaluated the remaining projects from List A and List B, as well as the addition of 16 projects from List C. The analysis found that these projects would reduce the congestion created by new development. The 2020 Nexus Study also determined the new maximum fee needed to fund the improvement projects. The study was adopted on August 16, 2021. This report constitutes the 2022 SEP Update and incorporates and builds upon the updated project descriptions, funding programs, and progression of the TVTDF over the last six years, as well as the project description of the new selected List C projects. As such, this report summarizes the status of the 38 projects listed in the 2022 Nexus Study, project prioritization, estimates revenues from the TVTDF over a 10-year horizon, and provides a funding plan for the priority projects. The proposed 10-year funding allocations and project disbursements were approved by the SEP Finance Subcommittee in April 4, 2022 prior to full review and adoption by the TVTC Board in April 18, 2022. 1 Kimley-Horn. Validation Review of the 2008 Nexus Study. Nov 2015.