CITY COUNCIL REGULAR MEETING AGENDA PACKET

Jason Moody and Megan Gregory September 24, 2024 Page 4 of 8 First, there has been an evaluation of whether there is an existing deficiency at any of the 18 new project locations, and if so, the magnitude of that deficiency. Existing deficiencies are accounted for by reducing the project cost that is included in the fee program. The concept of accounting for existing deficiencies in a fee study is that new development should not be charged the full cost of improving a facility if that facility is not meeting current operating standards during the critical peak hour (typically the PM peak period). As in the original TIF study, the determination of existing deficiencies is being drawn from the results of prior traffic analyses and the traffic count data available from the City, and no new traffic data has been collected. Based on the available information, no existing deficiencies were identified for the 19 new projects being added to the TIF list. Anticipated Direct Developer Contributions Some of the projects listed in Attachment 1 are anticipated to be partially funded through direct contributions from nearby developments, because those projects are needed to provide access to the developments or as mitigation for the developments’ direct impacts. In those instances, the percent eligibility for the TIF program has been set per direction from City staff. None of the 19 new projects proposed to be added to the TIF program involve any direct developer contributions. Growth Projections The City of Pleasanton’s Travel Demand Model was used to project future traffic volumes for the Buildout Year scenario. The travel demand model includes forecasted land use changes and roadway improvements, reflecting the growth anticipated in the Pleasanton General Plan. The total amount of citywide growth in the major land use categories is presented below in Table 2. Table 2: Growth Projections by Land Use Category Land Use Unit Existing Buildout Growth (Existing - Buildout) % Growth Residential Dwelling Units 30,992 37,781 6,788 22% Non-Residential KSF 19,237 26,990 7,753 40% Source: Fehr & Peers, 2024. As part of this TIF study, Economic & Planning Systems (EPS) has prepared refined projections of the number of residents and workers who would be associated with the new residential and non- residential development summarized above. The EPS projections calculate that the “Service Population” which is defined as all of the residential population and 40% of the employees, is expected to grow from roughly 99,343 today to approximately 128,510 over the planning horizon Page 120 of 893