Title
Department of Transportation recommending the Board consider the following:
1) Authorize the Chair to sign the Acquisition Agreement for Public Purposes and the Certificate of Acceptance for the related documents from El Dorado Hills Investors, Ltd., a California Limited Partnership, for Assessor's Parcel Number 118-170-01, subject to review and approval by County Counsel; and
2) Authorize the Interim Director of Transportation or her designee to execute the escrow instructions and any other related escrow documents pertaining to the transaction, including the payment of title and escrow fees, for the U.S. 50/Silva Valley Parkway Interchange - Phase 1 Project, CIP No. 71328.
FUNDING: El Dorado Hills Traffic Impact Mitigation Fees - Silva Valley Interchange Set Aside Fund.
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BUDGET SUMMARY:
Total Estimated Cost…………… $554,584
Budgeted………………………… $554,584
New Funding…………………….
Savings…………………………
Other……………………………
Total Funding Available………… $554,584
Change To Net County Cost…… $0
Fiscal Impact/Change to Net County Cost
Acquisition costs are $553,084 with title and escrow fees estimated at $1,500 for a total estimated cost of $554,584. Funding for the acquisition process will be provided by El Dorado Hills Traffic Impact Mitigation Fees - Silva Valley Interchange Set Aside Fund.
Background
The Department of Transportation (Department) is working to advance the U.S. 50/Silva Valley Parkway Interchange - Phase 1 Project (Project), which will include a six-lane overcrossing (four through lanes and two deceleration lanes to the loop on-ramps), new signalized diagonal off-ramps, diagonal on-ramps, and loop on-ramps. The mainline will be improved to include east and west auxiliary lanes between El Dorado Hills Boulevard and the new interchange.
The Project is subject to the California Environmental Quality Act (CEQA). On June 28, 2011 the Board certified the CEQA Supplemental Environmental Impact Report and approved the Proj...
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