May 17-18, 2023
Attachment 4
PROJECTION OF REVENUE AND ALLOCATIONS FOR THE
STATE ROUTE 84 HISTORIC PARKWAY LATIP
Total Fundng LATIP
Need LATIP Frojected
Faclity Location Improvement Name (programmed Revenue Allocations LATIP Notes (Actuai and Profected) (actual and profected) Balance
amount)
A -CTC action CTC Action identffed $30.404M in raverue with $35,100,000
825/15 31304M1 gaing to Alarmeda County Trainp. Auth
TC Action approvad conveyance of Exoes Stal
wred Fol Property to Union City for housir
-CTC Action devdopmart at appraised vilue of $60. 184 M. The 06/24/21 $88,184,000 agr sement requinen the fundh to be deposied in the LATIP by FY 28/27. Union Cly Council artered ints
Exclusive Negotiation Agramat with Cify Vantures
(Developer) on 12/14/21.
TOTAL REVENUE (actual and profected) $121,284,000
Land Disposition Fees Rough Eximate - actuld conte of the Land $3,000,000 $3,000,000 $118,284,000 Dispostion will be 'of the top" In accordarce with CTC Resckuion LATIP-1112-01
(March 2012) and AB1482, VTA advanced 342 95 M
Allocated $35,000,000 $83,254,000
62018 In local funda for implamarting thia project. An
amaurt uf 330 M gena sled Pom compreted sale o
proparties became avalabie and win alecsted for
880/Mission Bled IC Completion (ME
1-880 Fremont 342,350,000 2018 CTC]). An amount of $7.55 M remains for VTA De requast when reveruas from additional property
sales becomes aralkble
Balance to be
projected to $7,350,000 $75,934,000 VTA wil roqunt the alocation of the remaring funas upon depest of the ned LATIP raverua
decur 23128
Cost provided in inild LATIP was idendfed an a
Tough Esbmele - adua cosl lbd pendre Cty ing
Catrana negot adon of the acope/tost raquined to
bing the facillty do a state of good repair". A Catrarn PSSR documert has
as a reference that helped daine the project cost of
Existing SR-84 Improvem $17,720,000 alocated 2728 $17,720,000 $58,214,000 $17.72 M. The Cly of Fol estimae. Cty of Fremont, on behalf of the LATIP
Commitee, wil request the emert to se SR8
Hatoric Parkoway LATIP to refect the change to his
project cost (corsistent with the init a LATIP
Union City wil request an alocaton of funch upon
depont al adidtional LATIP sevanue. Based on the
Quarry Lakes Parkway / Decoto Agramart, there is not anticipetad to be ancugh Fremont Complete Streets Profected to be LATIP severues to alocade the tul $eQ.0 M idamifed Local $58,214,000
Union Cty (also referred to an East West
Connector (MB 2291) for thin projact.
Project is now asc refered to as Quany Lake
Parkanay / Decoto Campie Streds project
SR-238 (Mission Bivd) Improvements in
5 SR-239 Frenone the vicinity of the EWC Project
Union Chy (also referred to as Quarry Lakes $5,000,000
Parkway / Decofo Complete Streets)
Nawark: SRSI HOV WB On-Ramp at Newark
8R-84 Frenon $8,000,000
Freesor
1-880 Newer) eo Autar areo tes Landing to $5,000,000
Usion Coty
SR-239
South ICM/TOS (Southern Alameda County)
County $10,000,000
9R.92
SR-22
1880 Northboued HOMIHOT Lane (Santa
1-880 Clara Courty ine to SR-84) $10,000,000
TOTAL $170.970,000 $121.284,000
Updated 3/6/23