Milpitas Boulevard Extension Sample Clauses

Milpitas Boulevard Extension. The Project definition includes right-of-way acquisition, design and construction for the Milpitas Boulevard Extension from Montague Expressway to Capitol Avenue as part of the Milpitas BART Station construction. VTA and the City shall enter into a cost sharing agreement to cover costs associated with the Milpitas Boulevard Extension. The City shall reimburse up to 50 percent of Milpitas Boulevard Extensions costs, not to exceed the amount set forth in the Milpitas Transit Area Specific Plan Impact Fee for the funding of such extension, provided that the City collects sufficient developer impact fees to cover this cost. The Milpitas Boulevard Extension is a required mitigation to reduce project impacts to levels of less than environmental significance under the Silicon Valley Rapid Transit Corridor Final EIR (2004) and shall serve as the main access way to the Milpitas BART Station.
Sample 1
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Milpitas Boulevard Extension. The Milpitas Boulevard Extension is a required mitigation to reduce project impacts to levels of less than environmental significance under the Silicon Valley Rapid Transit Corridor Final EIR (2004) and shall serve as the main access way to the Milpitas BART Station. The Project definition includes right-of-way acquisition, design and construction for the Milpitas Boulevard Extension from Montague Expressway to Capitol Avenue as part of the Milpitas BART Station construction. VTA and the City shall enter into a cost sharing agreement to cover costs associated with the design and construction of the Milpitas Boulevard Extension. The City shall reimburse up to 50 percent of Milpitas Boulevard Extension costs, not to exceed the amount set forth in the Transit Area Development Impact Fee program documents and underlying technical reports for the funding of such extension, provided that the City collects sufficient Transit Area Development Impact Fees to cover this cost. Reimbursement of fifty percent (50%) of VTA’s Milpitas Boulevard Extension costs shall be the first priority of the Transit Area Development Impact Fee program. Notwithstanding the foregoing, the City’s obligations under this subsection shall be subordinate to any statutory or regulatory requirements, the funding and disbursement requirements set forth in Chapter 4 of Title VIII of the Milpitas Municipal Code and Milpitas Resolution No. 7778(A Resolution of the City Council of the City of Milpitas Establishing a Transit Area Development Impact Fee for Public Infrastructure and Improvements)(Sept. 2, 2007), and the pledge of any Transit Area development Impact Fees the City has made by contract or by way of outstanding City bonds or other debt, existing as of the date of this Agreement, including impact fee advances, deferrals or waivers by the City pursuant to a development agreement, development and disposition agreement, or other legal commitment.
Sample 1

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