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SECTION 4. That the amount of the development impact fees collected, the cash <br />balance (including interest earnings) as of June 30, 2024 for each fee held for five years or more, <br />the purpose the fee is committed, additional sources of funding and the expected date that funding <br />will be available are as follows: <br />Park Development Fund (Fund 222) <br />Amount collected in previous fiscal years subject to 5-year limitation: $6,326,003 <br />Funds are committed to the following project: <br />•New Community Park Site Acquisition Reserve – Project #03728 <br />Description: This project involves identifying and procuring potential sites to <br />construct a new community park in the northeast area of the City and <br />establishing a reserve to eventually acquire an appropriate site of approximately <br />30 to 40 acres of contiguous land. Amenities could include youth area with <br />various play equipment, a picnic area, open field play space, an exercise course, <br />restrooms, pathways, and landscaping. The exact type and mix of uses for this <br />site will be determined through a Park Master Plan process, managed by staff <br />and the Parks and Recreation Commission. <br />Approximate project completion date: On-Going <br />Project cost: $3,501,477 <br />Source of funding: Park Development Fund <br />% funded by development impact fees: 100% <br />•General Trail Improvement and Development – Project #01737 <br />Description: This project provides ongoing funding for specific trail <br />development/improvement projects throughout the City. Projects would be <br />recommended by the Parks and Recreation Commission and approved by the <br />City Council, and may include walking/hiking, bicycling, and/or equestrian uses. <br />Projects being considered include the Downtown Trail, Vineyard Avenue Corridor <br />Trail, Arroyo del Valle to Shadow Cliffs, Alamo Canal Extension and the Iron <br />Horse Trail. <br />Approximate project completion date: On-Going <br />Project Cost: $504,497 <br />Source of funding: Park Development Fund and Park CIP-General Fund <br />% funded by development impact fees: Park Development Fee (82%) and Park <br />CIP-General Fund (18%) <br />•Lions Wayside Park Improvement – Project #06716 <br />Description: Funding for an existing project to design and construct a new park <br />consistent with the Lions Wayside and Delucchi Parks Master Plan, incorporating <br />the newly acquired properties at 4363 and 4377 First Street into the design <br />process. <br />Approximate project completion date: 2025 <br />Project Cost: $1,789,090 <br />Source of funding: Park Development Fund <br />% funded by development impact fees: 100% <br />•Pleasanton Tennis/Community Park LED Light – Project #16733 <br />Description: The Tennis and Community Park tennis court LED light conversion <br />project, CIP No. 16733, will convert the existing tennis court lights that are HPS <br />lights to LED lights and the Tennis and Community Park Volleyball Court LED light <br />project, CIP No. 21775, will provide night lighting to the existing volleyball courts. <br />Approximate project completion date: On-Going <br />Page 247 of 893