Title
Transportation Department recommending Chairman be authorized to sign Acquisition Agreement for Public Purposes from TPC/VPD Venture 1 LLC in the total amount of $10,260 and Certificates of Acceptance for the related deeds for a portion of APNs 117-160-34 and -35; and authorize the Director of said Department or designee to execute escrow instructions and other related escrow documents pertaining to the transaction, including the payment of title and escrow fees for the Latrobe Road Widening Phase 2, Project 66101.
RECOMMENDED ACTION: Approve.
FUNDING: Traffic Impact Mitigation Fees.
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BUDGET SUMMARY: |
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Total Estimated Cost |
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$10,260.00 |
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Funding |
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Budgeted |
$10,260.00 |
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New Funding |
$ |
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Savings |
$ |
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Other |
$ |
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Total Funding Available |
$10,260.00 |
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Change To Net County Cost |
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$0 |
Fiscal Impact/Change to Net County Cost:
The Latrobe Road Widening Project, Phase 2, including the subject property acquisition costs of $2,248.00 for the fee title, $3,398.00 for the Public Service Easement, $2,614.00 for the Temporary Construction Easement, and $2,000.00 for the title and escrow fees, for a total of $10,260.00, will be paid from prepaid traffic impact mitigation fees paid by the West Valley View development.
Background:
The El Dorado County Department of Transportation proposes to improve a portion of the Latrobe Road corridor in and near the community of El Dorado Hills. The project limits are on Latrobe Road between Town Center Blvd. and White Rock Road. The subject property is located on the corner of White Rock Road on the west side of Latrobe Road.
On April 5, 2005, staff asked for and received authorization to proceed with acquisitions for this project and Seevers Jorgan Ziegenmeyer performed the appraisal to determine the value of the fee title area, Public Service Easement, and Temporary Construction Easement.
Reason for Recommendation:
The acquisition of land rights affecting a portion of the subject parcel is necessary from the subject property owner in order to enable the construction of the project. The acquisition involves fee title, a Public Service Easement, and a Temporary Construction Easement for APN 117-160-34 & 35 (formerly APN 108-030-21 & 16), owned by TPC/VPD Venture 1 LLC.
Action to be taken following Board approval:
1) Chairman of the Board to execute the Acquisition Agreement for Public Purposes and Certificates of Acceptance for the associated deeds.
2) Board Clerk to return all executed documents to the DOT R/W Unit for final processing.
3) Director of Transportation or designee to sign the escrow instructions and any related escrow documents pertaining to the transaction, including authorization for and payment to the subject property owner and title company.
Contact: Jeff Moore x6055 Pete Feild x7666