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Jason Moody and Megan Gregory <br />September 24, 2024 <br />Page 2 of 8 <br />along with the source for each project. The locations of the roadway improvements are shown <br />geographically in Figure 1. <br />Table 1: Pleasanton TIF Transportation Project List <br />Project Type <br />2018 TIF Remaining <br />Projects New Projects Total 2024 TIF Project List <br /># of <br />Projects Cost*# of <br />Projects Cost*# of <br />Projects Cost* <br />Roadway <br />Improvements 31 $259,170,000 9 $11,685,000 40 $270,855,000 <br />New Traffic <br />Signals 0 $0 1 $22,200,000 1 $22,200,000 <br />Bicycle and <br />Pedestrian <br />Improvements <br />45 $129,560,000 8 $64,280,000 53 $193,840,000 <br />Citywide Projects 2 $2,570,000 1 $500,000 3 $3,070,000 <br />Total 78 $391,300,000 19 $98,665,000 97 $489,965,000 <br />Source: Fehr & Peers, 2024. <br />Note: *The costs are in 2024 US dollars. <br />For the projects that are already part of the TIF program, the cost estimates from the 2018 TIF <br />nexus study have been escalated to the current year to adjust for inflation. For the newly added <br />projects, cost estimates have been developed based on assumptions about the planned right-of- <br />way, roadway cross-sections, and landscaping treatments for each corridor. These assumptions <br />have been based on similar existing corridors within the City of Pleasanton as well as the City’s <br />roadway design standards, and have been reviewed and confirmed by City staff. In some cases, <br />the estimated project cost is presented as a range, depending on design details that are not <br />known at this point. <br />As shown in Table 1, the total cost of all projects is about $490 million. The results of the nexus <br />analysis procedures are described in the following sections of this memorandum. <br />Nexus Analysis <br />In order to include the 19 additional projects that are proposed to be added to the TIF program, it <br />is necessary to establish a “nexus” or relationship between new development in Pleasanton, the <br />need for transportation improvements in order to serve that new development, and the cost of <br />the improvements that would be covered by the TIF. The following procedures have been used to <br />evaluate that nexus relationship. <br />Page 118 of 893