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Jason Moody and Megan Gregory <br />September 24, 2024 <br />Page 6 of 8 <br />in Table 3, the final project costs eligible for funding through the TIF program are approximately <br />$294 million, with about $49 million of that total being associated with the 19 new projects to be <br />added to the program. <br />Table 3: Pleasanton TIF Transportation Projects Cost Eligibility <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 $221,459,000 9 $11,685,000 40 $233,144,000 <br />New Traffic <br />Signals 0 $0 1 $22,200,000 1 $22,200,000 <br />Bicycle and <br />Pedestrian <br />Improvements <br />45 $23,320,800 8 $14,591,560 53 $37,912,360 <br />Citywide Projects 2 $462,600 1 $113,500 3 $576,100 <br />Total 78 $245,242,400 19 $48,590,060 97 $293,832,460 <br />Source: Fehr & Peers, 2024. <br />Note: *The costs are in 2024 US dollars. <br />Trip Rate Factors <br />The costs attributable to new development in Pleasanton, described above, can be distributed <br />across the various land uses that will make up the new development, in order to determine a <br />reasonable fee for each land use category. <br />A typical method for achieving this distribution is to develop a set of factors that relate the <br />transportation demands of different land use categories to each other.Table 4 presents a set of <br />factors for the land use categories that might occur in Pleasanton; these factors are drawn from <br />the Institute of Transportation Engineers Trip Generation Manual (11th Edition), and an <br />adjustment of 35% for pass-by trips is applied to retail uses (consistent with the approach from <br />the 2018 TIF nexus study). Each land use factor is then multiplied by the corresponding growth <br />projection to result in a Dwelling Unit Equivalent (DUE) growth that can be added across <br />categories. <br />Table 5 displays the calculated maximum impact fees based on this nexus analysis. The total <br />potential future fee contribution toward all the projects shown in Table 3 ($293.8 million) has <br />been divided by the total number of future Dwelling Unit Equivalents (DUEs) expected in <br />Pleasanton as shown in Table 4 (13,699 DUEs), to calculate the resulting maximum fee per trip of <br />Page 122 of 893