CC Resolution No. 16-026 Approving Five Year and Annual Development Impact Fee Reports and Making Required FindingsRESOLUTION NO. 16-026
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF CUPERTINO
APPROVING FIVE YEAR AND ANNUAL DEVELOPMENT IMPACT FEE
REPORTS AND MAKING REQUIRED FINDINGS
WHEREAS, the Mitigation Fee Act (Government Code Section 66000 et seq.)
requires that an annual report regarding development impact fees be submitted to the
City Council at a regularly scheduled public meeting; and
WHEREAS, Government Code Section 66001(d) further provides that the City
must, on a five-year basis, make certain findings with respect to unexpended
development impact fees; and
WHEREAS, the attached report entitled City of Cupertino -AB 1600 -Mitigation
Fee Act Annual & Five Year Report for the fiscal year ended June 30, 2015 (the "Annual
and Five-Year Report") comprises the annual and five-year reports required by the
Mitigation Fee Act and contains substantial evidence to make the findings required by
Section 66001(d); and
NOW, THEREFORE, BE IT RESOLVED:
1. The foregoing recitals are true and correct and incorporated into this
resolution by this reference.
2. The C)ty Council hereby approves the Annual and Five-Year Report, which
contains the annual and five-year reports required by the Mitigation Fee Act.
3. The City Council hereby adopts the findings required by Government Code
66001(d) as stated in the Five-Year Reporting and Findings Requirement
section of the Annual and Five-Year Report, which demonstrates that, for
each account or fund:
a. The purpose of each fund 1s described in the Annual and Five-Year
Report.
b. A reasonable relationship exists between the fee charged to development
projects and the purpose for which it is charged, based on the substantial
evidence C<?ntained in the Annual and Five-Year Report.
c. For each fund, the Annual and Five-Year Report identifies all sources and
amounts of funding anticipated to complete the financing of incomplete
improvements.
d. For each fund, the Annual and Five-Year Report designates the
approximate date on which the funding needed is expected to be
deposited into the fund.
PASSED AND ADOPTED at a Regular Meeting of the City Council of the City of
Cupertino the 151h day of March 2016, by the following vote:
AYES:
NOES:
ABSENT:
ABSTAIN:
ATTEST:
Members of the City Council
Chang, Vaidhyanathan, Paul, Sinks, Wong
None
None
None
~~~1r!T
Grace Schmidt, City Clerk
Attachment A
City of Cupertino
AB 1600 -Mitigation Fee Act
Annual & Five Year Report for the fiscal years ending June 30, 2014 & 2015
Dept.: Community Development
Project: Below Market Rate (BMR) Housing Mitigation Fee
Local Authority:
fuformation on the City's BMR Housing Mitigation Fee is provided as a courtesy. The City of
Cupertino has collected BMR mitigation fees from commercial and residential developments
since 1992 based on nexus studies conducted at that time. On May 5, 2015, the City Council
adopted Resolution 15-036, accepting three reports from Keyser Marston Associates, fuc. (KMA)
Summary and Recommendations BMR Housing Mitigation Program, Non-Residential Jobs-
Housing Nexus Analysis, and Residential BMR Housing Nexus Analysis) which collectively
form the City's Nexus Study justifying the current residential and non-residential Housing
Mitigation Fees. Per Resolution 15-036 the City Council adopted updated the BMR residential
and non-residential (office, research and development (R&D), industrial, hotel, retail and
commercial) Housing Mitigation Fees. The updated residential and non-residential Housing
Mitigation fees adopted by the City Council per Resolution 15-036 did not go into effect until
July 6, 2015 and will be reported in next year's reporting period. For purposes of this reporting
year (July 1, 2014-June 30, 2015) the fiscal year 2014-15 BMR Housing Mitigation Fee
amounts are being reported below.
Voluntary Five Year Reporting & Findings Requirement:
1. The purpose of the BMR Housing Mitigation Fee is to help mitigate the need for affordable
housing as a result of new residential and non-residential development within the City of
Cupertino. The requirements for applicability to the BMR Housing Mitigation Fees are set forth
in the City's adopted BMR Housing Mitigation Program Procedural Manual. The BMR Housing
Mitigation Fee was $3.00/sq. ft. for residential development, $6.00/sq. ft. for non-residential
(office, R&D, industrial, hotel, commercial and retail) development, and $3.00/sq. ft. for
development in the Planned fudustrial Zone for the reported year. BMR Housing Mitigation Fees
were used to fund staff and administrative time, legal and professional services, BMR housing
placement services, rental mediation, contract services, Nexus Study update and a Consolidated
Plan.
The fees in the BMR Fund include funds paid to the City as a condition of the development
agreement entered into between the City and Apple, Inc. for the Apple 2 campus, as well as other
development agreements. Although these fees are included in the tables below, there is no
requirement to prepare a five-year report regarding fees obtained through a development
agreement.
2. A reasonable relationship exists between the BMR Housing Mitigation Fee and the purpose for
which the fee was charged. The need for the BMR Housing Mitigation fees, as they were
identified when the fee was enacted, remains.
Page J 1
Five-Year Report
Incomplete Project that Was Identified When Imposing the Fee:
Sources and
Total Fund % Amounts of
Project Estimated Balance Expecte Funding
Description Cost* 6/30/2015 d to be Anticipated
Funded to Complete
by Fees the Project
Below $160,300,000 $11,323,869 100% Additional
MarketRate Developer
Housing Contributions
Mitigation State and
fee Federal tax
credits, loans
and grants
Estimated
Date for
Funding to
be
Deposited
in Fund
As projects
develop/
redevelop
Attachment A
Estimated
Beginning
Date
Ongoing
Estimated
Completion
Date
Ongoing
*Based on RHNA allocation and affordability gaps estimated in the nexus study: Very low income units (356) x
$241,000/unit = $87 .8 million. Low income units (207) x $213,000/unit = $44.1 million. Moderate income units
(231) x $123,000/unit = $28.4 million. Total= $160.3 million.
Annual Report
Amount of Fee: Based on adopted Fee Schedule
FY 2013-14
Trust
Fund
Activity
Balance at
7/1/2013
Fees
Collected
Interest
Expended
Subtotal
Refunded
Balance at
6/30/2014
Fiscal Year
$699,046
$7,229,545
*
$10,848
($25,721)
($127,955)
($69,995)
($15,879)
($239,550)
0
$7,699,889
Purpose of Expenditure
Staff and administration
Housing placement services
Rental mediation services, legal and
professional services
Housing Element
*-Includes funds collected by Development Agreement
Page 12
FY2014-15
Trust
Fund
Activit
Balance at
7/1/2014
Fees
Collected
Interest
Expended
Subtotal
Refunded
Balance at
6/30/2015
Fiscal Year
$7,699,889
$4,051,266
*
$45,016
($49,686)
($41,276)
($71,407)
($193,442)
($83,200)
($33,291)
($472,302)
0
$11,323,869
Purpose of Expenditure
Staff and administration
Legal and professional services
Housing placement services
Rental mediation services/contract services
Nexus Study
Consolidated Plan
*-Includes funds collected by Development Agreement
Page I 3
Attachment A
Attachment A
Dept.: Public Works
Project: Park Dedication In-Lieu Fee
Local Authority:
City of Cupertino: Municipal Code, Chapter 13 .08; Quimby Act
Five Year Reporting & Findings Requirement:
1. The purpose of the Park Dedication Fee is to help mitigate the need for additional outdoor
recreational area for new residential development within the City of Cupertino. The requirements
for applicability to the Park Dedication Fees are set forth in the City's Municipal Code, Chapter
13.08. The Parkland Dedication Fee is based on the fair market value ofland within the City of
Cupertino. Land values are appraised bi-annually, and the Park Dedication Fees are updated
accordingly. Park Dedication Fees are used to fund parkland acquisitions, improvements and
maintenance of park and recreational facilities.
The fees in the Park Dedication table below include funds paid to the City as a condition of the
development agreement entered into between the City and Apple, Inc. for the Apple 2 campus, as
well as other development agreements. Although these fees are included in the tables below, there
is no requirement to prepare a five-year report regarding fees obtained through a development
agreement. In addition, this table includes fees imposed as a condition of a subdivision.
2. A reasonable relationship exists between the Park Dedication Fee and the purpose for which the
fee is charged, as additional parkland and facilities are needed to offset the increase in population
that additional residential units impacts. The need for the Park Dedication fees, as they were
identified when the fee was enacted, remains, as the City's current park area per resident does not
yet meet the park acreage standard in the Park Dedication Fee ordinance and as development
continues the need for remains. Table below represents amounts needed to meet General Plan
Parkland goals based upon the existing acreage and the Association of Bay Area Government
(ABAG) estimated population for 2030. A proportionately equivalent deficit exists using the
ABAG estimated population for 2020 (62,100). The City currently supplements its park system
through various agreements with the Public School system.
3. The sources and amounts of funding anticipated to complete the financing of the Park Dedication
are identified below:
• Developer Fair-Share Contributions from all projects that impact residential density.
4. The approximate dates on which the funding is expected to be deposited into the appropriate
account are identified Five-Year Report.
Page 14
Attachment A
Five-Year Report
Incomplete Project that Was Identified When Imposing the Fee: Projects are set forth in the
%
Total Fund Expecte
Project Estimated Balance d to be
Description Cost 6/30/2015 Funded
by Fees
Parkland $122,820,000 $8,809,056 100%
Goal *
Lawrence-$8,270,994 100%
Mitty Park
Sources and
Amounts of
Funding
Anticipated to
Complete the
Project
Additional
Developer
Contributions
for new
residential
construction
Estimated
Date for
Funding to
be
Deposited
in Fund
As projects
develop
Estimated
Beginning
Date
Ongoing
Spring
2016
Estimated
Completion
Date
Ongoing
Summer
2020
*Based on estimated population from Association of Bay Area Governments (ABAG) for 2030 (population of
66,300), the total park space needed is 198.9 acres [(66,300/1,000) * 3 acres]. The City has 178.43 acres of existing
park and recreation acreage by area, not including school sites (General Plan Amendment, Community Vision 2015-
2040, Table RPC-1). Estimated land value at $6,000,000/acre.
Annual Report
Amount of Fee: Based on Fair-Market Value of land, through land appraisal
FY 2013-14
Trust Fund Activity
Balance at 7/1/2013
Fees Collected
Interest
Expended
Refunded
Balance at 6/30/2014
Fiscal Year
$1,636,261
$8,369,259
*
$11,131
($1,575,000)
0
$8,441,651
Purpose of Expenditure
Acquisition of park land
(22050 Stevens Creek Blvd)
*-Includes $8,270,994 collected by Development Agreement, Subdivisions, and Development
FY2014-15
Trust Fund Activity Fiscal Year Purpose of Expenditure
Balance at 7/1/2014 $8,441,651
Fees Collected $329,500
*
Interest $37,905
Expended 0
Refunded 0
Balance at 6/30/2015 $8,809,056
*-Includes funds collected by Development Agreement, Subdivisions, and Development
Page [ 5
Attachment A
Dept.: Public Works
Project: N. Stelling/1-280 Bridge Pedestrian Lighting & Upgrades
Local Authority:
EXC-2007-06: Condition of Approval No. 21
TM-2007-02: Condition of Approval No. 24
Five Year Reporting & Findings Requirement:
1. The purpose of the N. Stelling/I-280 Bridge Pedestrian Lighting & Upgrades fee is to enhance the
pedestrian walkway along the east and west side of the North Stelling Road bridge that crosses
over Interstate 280. Public facilities to be funded with the fees were described in:
a. Villa Serra Apartments: ASA-2007-03: Condition of Approval No. 21, dated July 13,
2007 for Architectural Site Approval ($25,000 collected)
b. Las Palmas Subdivision: TM-2007-02: Condition of Approval No. 24, dated July 18,
2007 for Tentative Map Application ($25,000 collected)
2. A reasonable relationship exists between the North Stelling fee and the purpose for which the fee
was charged in that new development in the vicinity of the bridge increases pedestrian traffic
across the bridge. The need for improvements to the bridge, that were identified during the
review of the two projects, remains, as the bridge experiences increased pedestrian traffic due to
the two projects.
3. The sources and amounts of funding anticipated to complete the financing of the bridge
improvements are identified below:
• It is anticipated that the City of Cupertino General Fund will be used to supplement
revenue from fees.
4. The approximate dates on which the funding for the bridge improvements is expected to be
deposited into the appropriate account are identified below:
Five-Year Report
Incomplete Project that Was Identified When Imposing the Fee:
Sources and Estimated
Total Fund O/o Amounts of Date for Estimated Estimated
Project Estimated Balance Expected Funding Funding to Beginning Completion
Description Cost 6/30/2015 to be Anticipated be Deposited Date Date
Funded to Complete in Fund
by Fees the Project
Pedestrian $100,000 $ 48,747 50% Anticipated Summer/2016 Fall/2016 Winter/2017
Lighting & that City will
Upgrades-fund the
N. Stelling/ remaining
1280 Bridge cost of the
project
Page I 6
Attachment A
Annual Report
Amount of Fee: 25% Contribution to the total cost, based on estimated four projects contributing to
improvement.
FY 2013-14
Purpose of Inception
Trust Fund Fiscal Expenditure To Date Loans/Transfers
Activity Year
Balance at $ 52,059 Amount $ -
7/1/2013
Fees Collected 0 $ 50,000 Repayment Date na
(est.)
Interest $30 $2,059
Expended ($3,500) Light Study ($3,500)
Refunded 0 0
Balance at $ 48,559 $ 48,559
6/30/2014
FY 2014-15
Purpose of Inception
Trust Fund Fiscal Expenditure To Date Loans/Transfers
Activity Year
Balance at $ 48,559 Amount $-
7/1/2014
Fees Collected 0 $ 50,000 Repayment Date na
(est.)
Interest $188 $2247
Expended 0 ($3,500)
Refunded 0 0
Balance at $ 48,747 $ 48,747
6/30/2015
Page I 7
Attachment A
Dept.: Public Works
Project: De Anza/McClellan/Pacifica signal modification
Local Authority:
TM-2002-02: Condition of Approval No. 23
Five Year Reporting & Findings Requirement:
1. The purpose of the De Anza/McClellan/Pacifica signal modification is to study and redesign the
traffic signal to improve the efficiency of the intersection. Public facilities to be funded with the
fees were described in:
a. Cupertino Town Square: TM-2002-02: Condition of Approval No. 2, dated July 15, 2003
for Tentative Map application ($145,700 collected)
2. A reasonable relationship exists between the De Anza/McClellan/Pacifica signal modification
contribution and the purpose for which the fee was charged, in that the new development
introduces additional vehicular and pedestrian traffic to the intersection. The need for
improvements to the intersection and the traffic signal, as they were identified during the review
of the project, remains. The intersection continues to run less efficiently than other intersections
in the area.
3. The sources and amounts of funding anticipated to complete financing of the intersection
improvements are identified below: ·
• Developer Fair-Share Contributions from other projects that contribute traffic to the
intersection.
4. The approximate dates on which the funding for the bridge improvements is expected to be
deposited into the appropriate account are identified below:
Five-Year Report
Incomplete Project that Was Identified When Imposing the Fee:
Sources and Estimated
Total Fund O/o Amounts of Date for
Project Estimated Balance Expected Funding Funding to
Description Cost 6/30/2015 to be Anticipated be Deposited
Funded to Complete in Fund
by Fees the Project
Traffic Signal $600,000 $155,989 100% Additional Developer
& Intersection Developer contributions
Improvements Contribution obtained
De Anza Blvd/ s are needed when
McClellan Rd/ to complete adjacent
Pacifica Ave the project properties
redevelop.
Anticipated
Summer/2020
Page I 8
Estimated
Beginning
Date
Fall/2020
Estimated
Completion
Date
Winter/2021
Attachment A
Annual Report
Amount of Fee: 25% Contribution to the total cost based on estimated contribution of four projects.
FY2013-14
Purpose of Inception
Trust Fund Fiscal Expenditure To Date Loans/Transfers
Activit~ Year
Balance at $155,297 Amount $-
7/1/2013
Fees Collected 0 $ 145,700 Repayment Date na
(est.)
Interest $90 $9687
Expended 0 0
Refunded 0 0
Balance at $155,387 $155,387
6/30/2014
FY2014-15
Purpose of Inception
Trust Fund Fiscal Expenditure To Date Loans/Transfers
Activity Year
Balance at $155,387 Amount $ -
7/1/2014
Fees Collected 0 $ 145,700 Repayment Date na
(est.)
Interest $602 $10,289
Expended 0 0
Refunded 0 0
Balance at $155,989 $155,989
6/30/2015
Page I 9
Attachment A
Dept.: Public Works
Project: Monument Gateway Signs
Local Authority:
TM-2004-11: Condition of Approval No. 19
ASA-2009-08: Condition of Approval No. 16
Five Year Reporting & Findings Requirement:
1. The purpose of the Monument Gateway Signs contribution is to fund the project's fair share
toward upgrading or replacing the existing gateway feature/signs at 1) Stevens Creek Blvd near
Tantau Ave; 2) DeAnza Blvd near I-280 overcrossing; 3) DeAnza Blvd near Bollinger Road; and
install a new center island gateway sign at Stevens Creek Blvd near the Oaks shopping center.
Public facilities to be funded with the fees were described in:
a. Oak Park Village: TM-2004-11: Condition of Approval No. 19 dated 2/16/2005 for
Tentative Map application ($25,000 collected)
b. Homestead Square: ASA-2009-08: Condition of Approval No. 16 dated May 6, 2010 for
Architectual Site Approval ($10,000 collected)
2. A reasonable relationship exists between the Gateway Monument Sign and the purpose for which
the fee was charged, in that new developments are in the vicinity of one of the proposed sign
locations. The entire project was estimated at $100,000, and the projects provided a fair share
contribution towards the overall cost. The need for improvements to the Gateway Monument
Signs, as they were identified during the review of the project, still remains.
3. The sources and amounts of funding anticipated to complete financing of the gateway monument
improvements are identified below:
• Developer Fair-Share Contributions from other projects in the vicinity of the signs.
4. The approximate dates on which the funding for the Gateway Monument Sign improvements is
expected to be deposited into the appropriate account are identified below:
Five-Year Report
Incomplete Project that Was Identified When Imposing the Fee:
Sources and Estimated
Total Fund % Amounts of Date for Estimated Estimated
Project Estimated Balance Expected Funding Funding to Beginning Completion
Description Cost 6/30/2015 to be Anticipated be Deposited Date Date
Funded to Complete in Fund
by Fees the Project
Monument $100,000 $ 37,108 100% Additional Developer Fall/2020 Winter/2021
Gateway Developer contributions
Signs at Contributions obtained
four are needed to when
locations complete the adjacent
project properties
redevelop.
Anticipated
Summer/2020
Page I 10
Attachment A
Annual Report
Amount of Fee: Contribution based on proximity of the proposed sign location
FY2013-14
Purpose of Inception
Trust Fund Fiscal Expenditure To Date Loans/Transfers
Activit~ Year
Balance at $ 36,943 Amount $-
7/1/2013
Fees Collected 0 $ 35,000 Repayment Date na
(est.)
Interest $21 $1,965
Expended 0 0
Refunded 0 0
Balance at $ 36,965 $ 36,965
6/30/2014
FY2014-15
Purpose of Inception
Trust Fund Fiscal Expenditure To Date Loans/Transfers
Activit~ Year
Balance at $ 36,965 Amount $ -
7/1/2014
Fees Collected 0 $ 35,000 Repayment Date na
(est.)
Interest $143 $2,108
Expended 0 0
Refunded 0 0
Balance at $ 37,108 $ 37,108
6/30/2015
Page 111
Attachment A
Dept.: Public Works
Project: DeAnza/Homestead southbound right-turn lane upgrade
Local Authority:
Sunnyvale Town Center -Environmental Impact Report
Five Year Reporting & Findings Requirement:
1. The purpose of the DeAnza/Homestead southbound right tum lane upgrade fee is to contribute
the project's fair share toward the study, design and construction ofright-of-way improvements at
the intersection of DeAnza Blvd and Homestead Road. Public facilities to be funded with the
fees were described in:
a. Sunnyvale Town Center Environmental Impact Report ($75,924 collected)
2. A reasonable relationship exists between the DeAnza/Homestead southbound right turn lane
upgrade and the purpose for which the fee was charged, in that traffic generated by the
development has an impact to the intersection. The Environmental Impact Report assessed the
impact the development had to the intersection and compared the project's impact to the
estimated cost of $333,000. The need for improvements to the intersection, as they were
identified during the review of the project, remains. The Sunnyvale Town Center and further
growth in the area continues to impact the intersection.
3. The sources and amounts of funding anticipated to complete the improvements are identified
below:
• Apple Campus 2 project will complete the funding and the construction of the
improvement. The contribution provided by the Sunnyvale Town Center development
will be utilized in the completion of this work.
4. The approximate dates on which the funding for the intersection improvements is expected to be
deposited into the appropriate account are identified below:
Five-Year Report
Incomplete Project that Was Identified When Imposing the Fee:
Sources Estimate
Total Fund O/o and dDate Estimated Estimated
Project Estimate Balance Expecte Amounts for Beginning Completion
Description d Cost 6/30/201 d to be of Funding Funding Date Date
5 Funded Anticipate to be
by Fees d to Deposited
Complete in Fund
the Project
DeAnza/Homestea $333,000 $76,697 100% Apple Fall/2016 Winter/2017 Spring/2017
d southbound right Campus 2
tum land upgrade to provide
remaining
funds and
construct
the project.
Page 112
Attachment A
Annual Report
Amount of Fee: Based on project impact as shown in BIR. $75,924 from Sunnyvale Town Center;
remainder from Apple 2 campus.
FY 2013-14
Purpose of Inception
Trust Fund Fiscal Expenditure To Date Loans/Transfers
Activity Year
Balance at $ 76,357 Amount $-
7/1/2013
Fees Collected 0 $ 75,924 Repayment Date na
(est.)
Interest $44 $477
Expended 0 0
Refunded 0 0
Balance at $ 76,401 $ 76,401
6/30/2014
FY 2014-15
Purpose of Inception
Trust Fund Fiscal Expenditure To Date Loans/Transfers
Activity Year
Balance at $76,401 Amount $-
7/1/2014
Fees Collected 0 $75,924 Repayment Date na
(est.)
Interest $296 $773
Expended 0 0
Refunded 0 0
Balance at $76,697 $76,697
6/30/2015
Page/ 13
Attachment A
Dept.: Public Works
Project: Stevens Creek Blvd. and Bandley Drive Signal Improvements
Local Authority:
ASA-2011-12: Condition of Approval No. 43
Five Year Reporting & Findings Requirement:
1. The purpose of the Stevens Creek Blvd and Bandley Drive Traffic Signal Improvement fee is to
partially fund upgrades to the traffic signal in order to improve the efficiency of the intersection.
Public facilities to be funded with the fees were described in:
a. Cupertino Crossroads: ASA-2011-12: Condition of Approval No. 43dated November 17,
2011 for Architectural Site Approval ($25,000 collected)
2. A reasonable relationship exists between the Stevens Creek Blvd. and Bandley Drive Signal
Improvements fee and the purpose for which the fee was charged, in that the new development
has a driveway that connects directly to the signalized intersection and the development will
introduce additional vehicular and pedestrian traffic to the intersection. The need for the
improvements to the intersection, that were identified during the review of the project, remains.
3. The sources and amounts of funding anticipated to complete financing of the signal upgrades
improvements are identified below:
• Developer Fair-Share Contributions from other projects in the vicinity of the intersection.
4. The approximate dates on which the funding for the signal improvements is expected to be
deposited into the appropriate account are identified below:
Five-Year Report
Incomplete Project that Was Identified When Imposing the Fee:
Sources and Estimated
Total Fund O/o Amounts of Date for Estimated Estimated
Project Estimated Balance Expected Funding Funding Beginning Completion
Description Cost 6/30/2015 to be Anticipated to be Date Date
Funded to Complete Deposited
by Fees the Project in Fund
Stevens Creek $185,000 $ 25,202 100% Additional Fall/2017 Spring/2018 Summer/2018
Blvd and Developer
Bandley Contributions
Drive Signal are needed to
Improvements complete the
project
Page I 14
Attachment A
Annual Report
Amount of Fee: Contribution from expected nearby developments, based on estimated addition of traffic
to intersection.
FY2013-14
Purpose of Inception
Trust Fund Fiscal Expenditure To Date Loans/Transfers
Activity Year
Balance at $ 25,090 Amount $ -
7/1/2013
Fees Collected 0 $ 25,000 Repayment Date na
(est.)
Interest $15 $105
Expended 0 0
Refunded 0 0
Balance at $ 25,105 $25,105
6/30/2014
FY2014-15
Purpose of Inception
Trust Fund Fiscal Expenditure To Date Loans/Transfers
Activity Year
Balance at $25,105 Amount $ -
7/1/2014
Fees Collected 0 $ 25,000 Repayment Date na
(est.)
Interest $97 $202
Expended 0 0
Refunded 0 0
Balance at $ 25,202 $ 25,202
6/30/2015
Page/ 15
Attachment A
Dept.: Public Works
Project: Traffic Calming along Rodrigues Ave. and Pacifica Dr.
Local Authority:
TM-2002-02: Condition of Approval No. 21
Five Year Reporting & Findings Requirement:
1. The purpose of the Traffic Calming along Rodrigues Ave. and Pacifica Dr. fee is to construct
traffic calming measures to offset the project traffic along Rodrigues Ave. and Pacifica Dr.
Public facilities to be funded with the fees were described in:
a. Cupertino Town Center: TM-2002-02: Condition of Approval No. 21 dated July 15, 2003
for Tentative Map application ($40,000 collected).
2. A reasonable relationship exists between the Traffic Calming along Rodrigues Ave and Pacifica
Dr. fee and the purpose for which the fee was charged, in that the development in the vicinity of
Rodrigues Ave. and Pacifica Dr. introduces additional traffic to these streets. The City has
utilized a portion of the funds to modified striping along these streets and currently has an
approved project that uses the remainder of the funds to modify the intersection of DeAnza
Blvd/Rodrigues to further address traffic calming concerns.
3. Adequate funding has been collected to complete the project.
4. The approximate dates on which the funding for the improvements is expected to be deposited
into the appropriate account are identified below:
Five-Year Report
Incomplete Project that Was Identified When Imposing the Fee:
Sources Estimated
Total Fund % and Date for Estimated Estimated
Project Estimated Balance Expected Amounts of Funding to Beginning Completion
Description Remaining 6/30/2015 to be Funding be Date Date
Cost Funded Anticipated Deposited
by Fees to in Fund
Complete
the Project
Traffic $27,536 $27,536 100% Project is Winter/2016 Spring/2016 Summer/2016
Calming fully funded
along
Rodrigues
Ave. and
Pacifica Dr.
Page I 16
Attachment A
Annual Report
Amount of Fee: All required fees collected from Cupertino Town Center.
FY2013-14
Purpose of Inception
Trust Fund Fiscal Expenditure To Date Loans/Transfers
Activit~ Year
Balance at $43,405 Amount $-
7/1/2013
Fees Collected 0 $40,000 Repayment Date na
(est.)
Interest $25 $3,430
Expended ($16,000) Road ($16,000)
Restriping
Refunded 0 0
Balance at $27,430 $27,430
6/30/2014
FY2014-15
Purpose of Inception
Trust Fund Fiscal Expenditure To Date Loans/Transfers
Activit~ Year
Balance at $27,430 Amount $-
71112014
Fees Collected 0 $ 40,000 Repayment Date na
(est.)
Interest $106 $3,536
Expended 0 ($16,000)
Refunded 0 0
Balance at $27,536 $27,536
6/30/2015
Page 117
Attachment A
Dept.: Public Works
Project: Wolfe Road Transportation Study
Local Authority:
Ordinance 13-2114: Resolution Approving Apple Campus 2 Development Agreement-Section 3.14
Five Year Reporting & Findings Requirement: Not required for fees imposed through a
development agreement.
The purpose of the Wolfe Road Transportation Study fee is to study the stretch of Wolfe Road
near the I-280 interchange for possibilities to improve vehicular, bicycle and pedestrian traffic in
the area.
Annual Report
Amount of Fee: Estimated Full Cost of the Study.
FY2013-14
Trust Fund Fiscal Purpose of Inception
Activity Year Expenditure To Date Loans/Transfers
Balance at $1,000,000 Amount $-
7/1/2013
Fees Collected $1,000,000 $1,000,000 Repayment Date na
(est.)
Total Interest $578 $578 Interest Rate na
Expended 0 0
Refunded 0 0
Balance at $1,000,578 $1,000,578
6/30/2014
FY2014-15
Trust Fund Fiscal Purpose of Inception
Activity Year Expenditure To Date Loans/Transfers
Balance at $1,000,578 Amount $ -
7/1/2014
Fees Collected $1,000,000 Repayment Date na
(est.)
Total Interest $3,878 $4,456 Interest Rate na
Expended 0 0
Refunded 0 0
Balance at $1,004,456 $1,004,456
6/30/2015
Adequate funds have been acquired to commence the study. The study will commence in
Spring/2016.
Page I 18
Attachment A
Dept.: Public Works
Project: Traffic Mitigation at Homestead Rd and Lawrence Expressway
Local Authority:
TM-2012-04: Condition of Approval No. 87
Five Year Reporting & Findings Requirement: Provided for information only. Five years have not
elapsed since initial deposit.
1. The purpose of the Traffic Mitigation at Homestead Rd and Lawrence Expressway fee is to fund
improvements to the intersection in order to address traffic impacts from the project. Public
facilities to be funded with the fees were described in:
a. Main Street Cupertino: TM-2012-04: Condition of Approval No. 87 dated September 20,
2012 for Tentative Map application ($400,000 collected)
2. A reasonable relationship exists between the Traffic Mitigation at Homestead Rd and Lawrence
Expressway fee and the purpose for which the fee was charged, in that the development, in the
vicinity of the intersection, introduces additional traffic to the intersection. The County of Santa
Clara has estimated a cost to upgrade the intersection, and the Environmental Impact Report
assessed a fair share contribution from the project to address its portion of the impact. The need
for improvements to the intersection, as they were identified during the review of the project,
remams.
3. The sources and amounts of funding anticipated to complete financing of the intersection
improvements are to be identified by the County of Santa Clara.
4. The approximate dates on which the funding for the intersection improvements is expected to be
deposited into the appropriate account are identified below:
Five-Year Report
Incomplete Project that Was Identified When Imposing the Fee:
Sources and Estimated
Total Fund % Amounts of Date for Estimated Estimated
Project Estimated Balance Expecte Funding Funding to Beginning Completion
Description Cost 6/30/2015 d to be Anticipated be Date Date
Funded to Complete Deposited
by Fees the Project in Fund
Traffic $4,000,000 $400,000 100% Tobe When Fall/2018 Summer/2019
Mitigation at determined adequate
Homestead by the funds have
Rd and County of been
Lawrence Santa Clara acquired by
Expressway the County
Bridge to begin the
project.
Anticipated
Summer/
2018
Page I 19
Attachment A
Annual Report
Amount of Fee: Based on Fair-Share Contribution assessed by Environmental Impact Report
FY2013-14
Purpose of Inception
Trust Fund Fiscal Expenditure To Date Loans/Transfers
Activi~ Year
Balance at $400,000 Amount $ -
7/1/2013
Fees Collected $400,000 $400,000 Repayment Date na
(est.)
Interest $231 $231
Ex ended 0 0
Refunded 0 0
Balance at $400,231 $400,231
6/30/2014
FY2014-15
Purpose of Inception
Trust Fund Fiscal Expenditure To Date Loans/Transfers
Activity Year
Balance at $400,231 Amount $ -
7/1/2014
Fees Collected 0 $400,000 Repayment Date na
(est.)
Interest $1,552 $1,783
Ex ended 0 0
Refunded 0 0
Balance at $401,783 $401,783
6/30/2015
Page I 20
Attachment A
Dept.: Public Works
Project: Traffic Calming to Mitigate Impacts from Main Street Cupertino
Local Authority:
TM-2012-04: Condition of Approval No. 93
Five Year Reporting & Findings Requirement: Provided for information only. Five years have not
elapsed since initial deposit.
1. The purpose of the Traffic Calming to Mitigate Impacts from Main Street Cupertino fee is to help
mitigate traffic impacts in the adjacent neighborhoods resulting from the project, for a period of 5
years following project occupancy. Public facilities to be funded with the fees were described in:
a. Main Street Cupertino: TM-2012-04: Condition of Approval No. 93 dated 9/20/2012 for
Tentative Map application ($100,000 collected).
2. A reasonable relationship exists between the Traffic Calming fee and the purpose for which the
fee was charged, in that the development introduces additional traffic to the surrounding
neighborhoods. The City will utilize the funds as needed to address traffic impacts to the
surrounding neighborhoods, for a period of 5-years after occupancy.
5. The sources and amounts of funding anticipated to complete financing of the traffic calming
mitigations were collected with the project ($100,000).
3. The approximate dates on which the funding for the improvements is expected to be deposited
into the appropriate account are identified below:
Five-Year Report
Incomplete Project that Was Identified When Imposing the Fee:
Sources and Estimated
Total Fund % Amounts of Date for Estimate Estimated
Project Estimated Balance Expected Funding Funding to d Completion
Description Cost 6/30/2015 to be Anticipated be Deposited Beginnin Date
Funded to Complete in Fund gDate
by Fees the Project
Traffic $100,000 $100,000 100% Project fully Fees have Fal!/201 Summer/2022
Calming funded been 7
along collected.
Rodrigues Anticipated
Ave. and initiation of
Pacifica Dr. project is
Summer/2017
Page I 21
Attachment A
Annual Report
Amount of Fee: Estimated Full Cost of the Study and potential improvements.
FY2013-14
Purpose of Inception
Trust Fund Fiscal Expenditure To Date Loans/Transfers
Activit~ Year
Balance at $100,000 Amount $-
7/1/2013
Fees Collected $100,000 $100,000 Repayment Date na
(est.)
Interest $58 $58
Expended 0 0
Refunded 0 0
Balance at $100,058 $100,058
6/30/2014
FY2014-15
Purpose of Inception
Trust Fund Fiscal Expenditure To Date Loans/Transfers
Activit~ Year
Balance at $100,058 Amount $ -
7/1/2014
Fees Collected 0 $100,000 Repayment Date na
(est.)
Interest $388 $446
Expended 0 0
Refunded 0 0
Balance at $100,446 $100,446
6/30/2015
Page I 22
Attachment A
Dept.: Public Works
Project: Creek Trail Improvements along Calabazas Creek
Local Authority:
TM-2012-04: Condition of Approval No. 47
Five Year Reporting & Findings Requirement: Provided for information only. Five years have not
elapsed since initial deposit.
1. The purpose of the Creek Trail Improvements along Calabazas Creek contribution is to
administer a creek trail plan, the necessary approvals and improvements for a new trail along
Calabazas Creek from Vallco Parkway to Interstate 280. Public facilities to be funded with the
fees were described in:
a. Main Street Cupertino: TM-2012-04: Condition of Approval No. 47 dated September 20,
2012 for Tentative Map application ($65,000 collected)
2. A reasonable relationship exists between the Creek Trail Improvements along Calabazas Creek
Fee and the purpose for which the fee was charged in that development in the vicinity of the
proposed creek trail introduces additional pedestria~ traffic to the area, causing the need to
provide additional and alternative means of pedestrian access and recreation to new residents and
visitors to the development. The need for a new creek trail, as it was identified during the review
of the project, remains.
3. The sources and amounts of funding anticipated to complete financing of the project are
identified below:
• Developer Fair-Share Contributions from other projects in the vicinity of the proposed
creek trail location
4. The approximate dates on which the funding for the bridge improvements is expected to be
deposited into the appropriate account are identified below:
Five-Year Report
Incomplete Project that Was Identified When Imposing the Fee:
Sources and Estimated
Total Fund O/o Amounts of Date for Estimated Estimated
Project Estimate Balance Expecte Funding Funding to Beginning Completion
Description d Cost 6/30/201 d to be Anticipated be Deposited Date Date
5 Funded to Complete in Fund
by Fees the Project
Creek Trail $195,000 $65,000 100% Additional Developer Spring/2021 Summer/2021
Improvement Developer contributions
s along Contribution obtained
Calabazas s are needed when
Creek to complete adjacent
the project properties
redevelop.
Anticipated
Summer/2020
Page [ 23
Attachment A
Annual Report
Amount of Fee: Contribution equivalent to 1/3 of the estimated cost of creek trail plan
FY2013-14
Purpose of Inception
Trust Fund Fiscal Expenditure To Date Loans/Transfers
Activi~ Year
Balance at $ 65,000 Amount $ -
7/1/2013
Fees Collected $ 65,000 $ 65,000 Repayment Date na
(est.)
Interest $38 $38
Expended 0 0
Refunded 0 0
Balance at $ 65,038 $65,038
6/30/2014
FY2014-15
Purpose of Inception
Trust Fund Fiscal Expenditure To Date Loans/Transfers
Activity Year
Balance at $ 65,038 Amount $ -
7/1/2014
Fees Collected 0 $ 65,000 Repayment Date na
(est.)
Interest $253 $291
Expended 0 0
Refunded 0 0
Balance at $ 65,291 $65,291
6/30/2015
Page I 24
Attachment A
Dept.: Public Works
Project: Parking Conversion Fund along Valko Parkway
Local Authority:
TM-2012-04: Condition of Approval No. 67
Five Year Reporting & Findings Requirement:
1. The purpose of the Parking Conversion Fund along Vallco Parkway is to enable the City to
convert the angled parking spaced along the south side of Vall co Parkway to parallel parking
spaces and an additional east-bound traffic lane. Public facilities to be funded with the fees were
described in:
a. Main Street Cupertino: TM-2012-04: Condition of Approval No. 67 dated 9/20/2012 for
Tentative Map application ($450,000 collected)
2. A reasonable relationship exists between the Parking Conversion Fund along Vallco Parkway and
the purpose for which the fund was collected in that new development is adjacent to this section
of Vallco Parkway, and the development reduced the number of east-bound lanes a part of their
project. The Fund will permit the City to reestablish the east-bound lane that was lost, due to the
development, should it be found that the additional lane is necessary to serve the public. The
fund is based on the estimated cost to perform the work. The need for the funds, that were
identified when the funds was imposed, remain, as the development project has not yet been
completed, and the full impact of traffic to this portion of road has not yet materialized.
3. The sources and amounts of funding anticipated to complete financing of the conversion were
collected with the project ($450,000).
4. The approximate dates on which the funding for the conversion is expected to be deposited into
the appropriate account are identified below:
Five-Year Report
Incomplete Project that Was Identified When Imposing the Fee:
Sources Estimated
Total Fund O/o and Date for Estimated Estimated
Project Estimated Balance Expected Amounts of Funding to Beginning Completion
Description Cost 6/30/2015 to be Funding be Deposited Date Date
Funded Anticipated in Fund
by Fees to
Complete
the Project
Parking $450,000 $450,000 100% No Fees have Fall/2017 Summer/2022
Conversion additional been
Fund along funds collected.
Vallco needed at Anticipated
Parkway this time. initiation of
project is
Summer/2017
Page/ 25
Attachment A
Annual Report
Amount of Fee: Estimated Full Cost of the potential improvements.
FY2013-14
Purpose of Inception
Trust Fund Fiscal Expenditure To Date Loans/Transfers
Activit~ Year
Balance at $450,000 Amount $ -
7/1/2013
Fees Collected $450,000 $450,000 Repayment Date na
(est.)
Interest $260 $260
Expended 0 0
Refunded 0 0
Balance at $450,260 $450,260
6/30/2014
FY2014-15
Purpose of Inception
Trust Fund Fiscal Expenditure To Date Loans/Transfers
Activity Year
Balance at $450,260 Amount $ -
711/2014
Fees Collected 0 $450,000 Repayment Date na
(est.)
Interest $1,746 $2,006
Expended 0 0
Refunded 0 0
Balance at $452,006 $452,006
6/30/2015
Page I 26
Attachment A
Dept.: Public Works
Project: Funding of Neighborhood Cut-through Traffic and Parking Intrusion Monitoring
Local Authority:
TM-2011-03: Condition of Approval No. 49
Five Year Reporting & Findings Requirement: Provided for information only. Five years have not
elapsed since initial deposit.
1. The purpose of the Funding of Neighborhood Cut-through Traffic and Parking Intrusion
Monitoring Fee is to monitor and address traffic and parking intrusion, in neighborhoods adjacent
to the project site, due to the practices of employees who will work at the project site. Public
facilities to be funded with the fees were described in:
a. Apple Campus 2: TM-2011-03: Condition of Approval No. 49 dated 10/15/2013 for
Tentative Map application ($850,000 collected)
2. A reasonable relationship exists between the Funding of Neighborhood Cut-through Traffic and
Parking Intrusion Monitoring fee and the purpose for which the fee was charged in that the traffic
from the development, for which the fee is to be used to monitor, has not yet materialized because
the development is still under construction. The City will begin monitoring activities in the fall
of2016. The $850,000 fee was based on an estimate of the cost to perform the monitoring and
make minor modifications to address traffic and parking intrusion concerns. The need for traffic
and parking intrusion monitoring, as it was identified during the review of the project, remains.
The traffic, for which the fees are to be used to monitor, has not yet materialized.
3. The sources and amounts of funding anticipated to complete monitoring and improvements were
collected with the project ($850,000).
4. The approximate dates on which the funding for the monitoring is expected to be deposited into
the appropriate account are identified below:
Five-Year Report
Incomplete Project that Was Identified When Imposing the Fee:
Sources and Estimated
Total Fund % Amounts of Date for Estimated Estimated
Project Estimated Balance Expected Funding Funding to Beginning Completion
Description Cost 6/30/2015 to be Anticipated to be Date Date
Funded Complete the Deposited
by Fees Project in Fund
Funding of $850,000 $850,000 100% No additional Fall/ 2016 Fall/2016 Fall/2019
Neighborhood funds needed
Cut-through at this time.
Traffic and
Parking
Intrusion
Monitoring
Page J 27
Attachment A
Annual Report
Amount of Fee: Estimated Full Cost of the Study and potential improvements.
FY2013-14
Purpose of Inception
Trust Fund Fiscal Expenditure To Date Loans/Transfers
Activity Year
Balance at $850,000 Amount $-
7/1/2013
Fees Collected $850,000 $850,000 Repayment Date na
(est.)
Interest $491 $491
Expended 0 0
Refunded 0 0
Balance at $850,491 $850,491
6/30/2014
FY2014-15
Purpose of Inception
Trust Fund Fiscal Expenditure To Date Loans/Transfers
Activity Year
Balance at $850,491 Amount $-
7/1/2014
Fees Collected 0 $850,000 Repayment Date na
(est.)
Interest $3,296 $3,787
Expended 0 0
Refunded 0 0
Balance at $853,787 $853,787
6/30/2015
Pagel28
Attachment A
Dept.: Public Works
Project: Implement a Traffic-Adaptive Traffic Signal System along De Anza Blvd
Local Authority:
TM-2011-03: MitigationTRANS-13c
Five Year Reporting & Findings Requirement: Provided for information only. Five years have not
elapsed since initial deposit.
1. The purpose of the Traffic-Adaptive Traffic Signal System along De Anza Blvd fee is to
implement traffic-adaptive technology to the traffic signals along DeAnza Blvd within the
jurisdiction of the City of Cupertino. Public facilities to be funded with the fees were described
in:
a. Apple Campus 2: TM-2011-03: MitigationTRANS-13c, dated 10/15/2013 for Tentative
Map application ($50,000 collected)
2. A reasonable relationship exists between the traffic-adaptive traffic signal system along De Anza
Blvd fee and the purpose for which the fee was charged in that new development will introduce
additional traffic to DeAnza Boulevard, and more efficient traffic signal timing will be needed to
address the additional traffic. The fee was based on a fair-share contribution of the estimated
total cost to install the traffic-adaptive technology. The need for traffic-adaptive technology, as it
was identified during the review of the project, remains.
3. The sources and amounts of funding anticipated to complete the traffic-adaptive technology
upgrades will be provided through fair-share contributions from other developers that impact the
corridor.
4. The approximate dates on which the funding for the traffic adaptive technology is expected to be
deposited into the appropriate account are identified below:
Five-Year Report
Incomplete Project that Was Identified When Imposing the Fee:
Project
Description
Traffic-
Adaptive
Traffic Signal
System along
De AnzaBlvd
Page J 29
Total
Estimated
Cost
$250,000
Fund
Balance
6/30/2015
$50,000
%
Expecte
d to be
Funded
by Fees
100%
Sources and
Amounts of
Funding
Anticipated to
Complete the
Project
Fair share
contributions
from other
developers that
impact the
corridor
Estimated
Date for
Funding to
be Deposited
in Fund
Developer
contributions
obtained
when
adjacent
properties
redevelop.
Anticipated
Summer/2020
Estimated Estimated
Beginning
Date
Fall/2020
Completion
Date
Winter/2021
Attachment A
Annual Report
Amount of Fee: Contribution equivalent to 1/5 of the estimated cost of implementation
FY2013-14
Purpose of Inception
Trust Fund Fiscal Expenditure To Date Loans/Transfers
Activity Year
Balance at $ 50,000 Amount $-
7/1/2013
Fees Collected $50,000 $ 50,000 Repayment Date na
(est.)
Interest $29 $29
Ex ended 0 0
Refunded 0 0
Balance at $ 50,029 $50,029
6/30/2014
FY2014-15
Purpose of Inception
Trust Fund Fiscal Expenditure To Date Loans/Transfers
Activity Year
Balance at $ 50,029 Amount $ -
7/1/2014
Fees Collected 0 $ 50,000 Repayment Date na
(est.)
Interest $194 $223
Ex ended 0 0
Refunded 0 0
Balance at $ 50,223 $50,223
6/30/2015
Page I 30
Attachment A
Dept.: Public Works
Project: Interstate 280/Junipero Serra Channel Trail Improvements
Local Authority:
TM-2011-03: Mitigation PLAN-3
Five Year Reporting & Findings Requirement: Provided for information only. Five years have not
elapsed since initial deposit.
1. The purpose of the Interstate 280/Junipero Serra Channel Trail Improvements fee is to partially
fund a feasibility study for a new trail along I-280/Junipero Serra Channel from N. De Anza Blvd
to Calabazas Creek. Public facilities to be funded with the fees were described in:
a. Apple Campus 2: TM-2011-03: Mitigation PLAN-3, dated 10/15/2013 for Tentative Map
application ($250,000 collected)
2. A reasonable relationship exists between the I-280/Junipero Serra Channel Trail Improvements
fee, and the purpose for which the fee was charged, in that the development in the vicinity of the
proposed trail will introduce additional pedestrian and bicycle traffic between the new campus
and the existing campus, causing the need to provide additional and alternative routes between
the developments. The need for a new trail study, as it was identified during the review of the
project, remains, as the study has not yet completed.
3. The sources and amounts of funding anticipated to complete financing of the study are identified
below:
• Developer Fair-Share Contributions from other projects in the vicinity of the proposed
trail location.
4. The approximate dates on which the funding for the bridge improvements is expected to be
deposited into the appropriate account are identified below:
Five-Year Report
Incomplete Project that Was Identified When Imposing the Fee:
Sources and Estimated
Total Fund O/o Amounts of Date for Estimated Estimated
Project Estimated Balance Expected Funding Funding to Beginning Completion
Description Cost 6/30/2015 to be Anticipated be Deposited Date Date
Funded to Complete in Fund
by Fees the Project
Interstate $500,000 $250,000 100% Additional Developer Fall/2018 Winter/2019
280/Junipero Developer contributions
Serra Channel Contributions obtained
Trail are needed to when
Improvements complete the adjacent
project properties
redevelop.
Anticipated
Summer/2018
Page J 31
Attachment A
Annual Report
Amount of Fee: Contribution equivalent to 1/2 of the estimated cost of implementation
FY2013-14
Purpose of Inception
Trust Fund Fiscal Expenditure To Date Loans/Transfers
Activit~ Year
Balance at $250,000 Amount $ -
7/1/2013
Fees Collected $250,000 $ 250,000 Repayment Date na
(est.)
Interest $144 $144
Ex ended 0 0
Refunded 0 0
Balance at $250,144 $250,144
6/30/2014
FY2014-15
Purpose of Inception
Trust Fund Fiscal Expenditure To Date Loans/Transfers
Activity Year
Balance at $250,144 Amount $-
7/1/2014
Fees Collected 0 $ 250,000 Repayment Date na
(est.)
Interest $969 $1,113
Ex ended 0 0
Refunded 0 0
Balance at $251,113 $251,113
6/30/2015
Page I 32
Attachment A
Dept.: Public Works
Project: Contribution towards Planned Transportation Project
Local Authority:
TM-2011-03: Mitigation TRANS-22
Five Year Reporting & Findings Requirement: Provided for information only. Five years have not
elapsed since initial deposit.
1. The purpose of the Planned Transportation Project fair-share contribution is to fund planned
transportation project that would improve traffic operation of the impacted freeway segments and
provide added transportation capacity on other freeway facilities. Public facilities to be funded
with the fees were described in:
a. Apple Campus 2: TM-2011-03: Mitigation TRANS-22, dated 10/15/2013 for Tentative
Map application ($1,292,215 collected)
2. A reasonable relationship exists between the Planned Transportation Project fair-share
contribution and the purpose for which the fee was charged, in that development will introduce
additional traffic to freeways in the surrounding areas. Valley Transit Authority has established
guidelines for estimating fair-share contributions for these types of impacts, and the established
fee for this project conforms to those guidelines. The need remains for improvements to the
surrounding freeways, as they were identified during the review of the project. The needed
improvements have not yet been completed. Below is a list of the Planned Transportation
Projects:
• Eliminating the existing bottleneck on southbound I-280 between El Monte Road and
Magdelena Avenue.
• SR 85 Express Lane project (converting the existing HOV lane to a toll lane to allow
single occupant vehicles to drive in the HOV lane for a fee) between Mountai~ View and
San Jose.
• Either the Bus Rapid Transit (BRT) stations proposed within Cupertino, or an alternative
improvement or study towards the improvement of the impacted I-280 corridor or a
parallel corridor that would provide capacity.
3. The sources and amounts of funding anticipated to complete financing of the necessary
improvements will be identified by Valley Transportation Authority.
4. The approximate dates on which the funding for the improvements is expected to be deposited
into the appropriate account are identified below:
Page I 33
Five-Year Report
Incomplete Project that Was Identified When Imposing the Fee:
Project
Description
Planned
Transportation
Project fair-
share
contribution
Total
Estimated
Cost
Fund
Balance
6/30/2015
Unknown $1,292,215
Annual Report
O/o
Expected
to be
Funded
by Fees
Sources and
Amounts of
Funding
Anticipated
to Complete
the Project
100% To be
identified by
VTA
Estimated
Date for
Funding to
be
Deposited
in Fund
When
adequate
funds have
been
acquired by
the VTA to
begin the
project.
Anticipated
Summer/
2018
Attachment A
Estimated
Beginning
Date
Fall/2018
Estimated
Completion
Date
Fall/2019
Amount of Fee: Based on Fair-Share Contribution assessed by Environmental Impact Report
FY2013-14
Trust Fund
Activity
Balance at
7/1/2013
Fees Collected
Interest
Expended
Refunded
Balance at
6/30/2014
FY2014-15
Trust Fund
Activity
Balance at
7/112014
Fees Collected
Interest
Expended
Refunded
Balance at
6/30/2015
Page I 34
Purpose of
Fiscal Expenditure
Year
$1,292,215
$1,292,215
$747
0
0
$1,292,962
Purpose of
Fiscal Expenditure
Year
$1,292,962
0
$5,010
0
0
$1,297,972
Inception
To Date Loans/Transfers
Amount $ -
$1,292,215 Repayment Date na
(est.)
$747
0
0
$1,292,962
Inception
To Date Loans/Transfers
Amount $ -
$1,292,215 Repayment Date na
(est.)
$5,757
0
0
$1,297,972