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Mountain House Specific Plan III ........................................................................................................................................................................... ` All public infrastructure necessary for development of Specific Plan III will be provided from the resources of the project. Some facilities,such as roads,parks,and utility transmission facilities,will be constructed with funds internal to the project. The required funds will come from a number of potential sources,including infrastructure bonds,private capital, funding obtained through rates and fees, fee credits and grants and tax credits. Once the infrastructure and development plans are finalized, a financing plan will be prepared that will detail the sources and uses of funds for the specified capital improvements and amenities. The financing plan will also match the availability of funding to project needs over time through a phasing plan. Other public facilities that are not located within Specific Plan III but have been constructed in part to serve Specific Plan III, such as the water and wastewater treatment plants and associated pipes and facilities,will he constructed in part with funds from Specific Plan III through payments to the MHCSD. Details of the costs of infrastructure and public facilities necessary for Specific Plan III are presented in Ir Table 16-2. These costs are currently estimated to total$115.4 million. The costs include: • Roads ` • Community Parks • Regional Park • Open Space Corridors ` • Utility Transmission Facilities,such as water,wastewater and storm water lines ` The majority of public infrastructure improvements will be financed through private financing obtained by developers and landowners at Specific Plan III and assessment bonds or other public finance secured by property tax revenue. Some facilities, such as utility infrastructure,will be constructed with funds from the utility provider,which in turn are financed through connection charges, development fees and rates charged to end users. Some capital facilities have also been constructed by the MHCSD. Table 16- ` 3 summarizes the sources of funds anticipated for the capital improvements detailed in the Specific Plan, which total$115.4 million. The bulk of the funding,approximately$54.0 million,will come from private financing. An additional significant source of funding will be fees collected for traffic mitigation and infrastructure constructed elsewhere at Mountain House,as shown on Table 16-3. As the financing plan is ` developed and the details of public financing mechanisms finalized, an additional analysis will be conducted to ensure that the total fees,assessments and taxes on the project do not render the project economically infeasible. Draft 03/14/05 16-5 ...........................................................................................................................................................................