Title
Transportation Department recommending Chairman be authorized to sign the Plans and Contract Documents for the Latrobe Road Widening Project/Highway 50 to White Rock Road Project 72402; and authorize said Department to advertise for construction bids for same.
RECOMMENDED ACTION: Approve.
FUNDING: The provisions of the Funding, Credit and Reimbursement Agreement Between West Valley, LLC and the County of El Dorado require that the developer of West Valley advance fund the construction of the Latrobe Road Project through the prepayment of El Dorado Hills TIM fees. West Valley (a.k.a. Blackstone) issued a bond where a portion of the proceeds were used to prepay $23 million in El Dorado Hills Traffic Impact Mitigation fees; said prepaid fees are held in a segregated fund and will be utilized to fund the Latrobe Road and White Rock Road improvements to include this project.
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BUDGET SUMMARY: |
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Total Estimated Cost |
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$ 3,400,000 |
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Funding |
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Budgeted |
$ |
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New Funding |
$ |
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Savings |
$ |
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Other |
$ 3,400,000 |
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Total Funding Available |
$ 3,400,000 |
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Change To Net County Cost |
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$0.00 |
Fiscal Impact/Change to Net County Cost:
The cost associated with the construction phase of this project is estimated at $3,400,000, which includes an estimated bid of $2,628,000, supplemental items at $63,000, construction management and materials testing costs of $440,000, and a contingency of $269,000.
All costs associated with this project will be advanced by the Developer of the West Valley View project through prepayment of impact fees. There are currently sufficient bond proceeds from the Community Facilities District No. 2005-1(Blackstone) on deposit in the County Treasury for prepayment of fees in an amount in excess of the cost associated with the construction phase of this project.
There is no net cost to the County General Fund associated with this agenda item.
Reason for Recommendation:
West Valley Tentative Map (TM99-1359) is located within the Valley View Specific Plan area. The Developer, West Valley LLC., is required by Condition of Approval #25-a) to provide the Department of Transportation with funding and a bid-ready package for the installation of improvements to widen Latrobe Road to six lanes from White Rock Road to Highway 50 with additional right turn lanes into Town Center East and West. This is the first of two projects that, taken together, will construct the improvements required in Condition #25-a); the other project (#72401) will complete the realignment of White Rock Road westerly of the Latrobe Road intersection.
Right of Way for this project is required from only two parcels. The escrow has closed for one of the acquisitions. A signed Purchase and Sales Agreement has been received by the County for the second and will be presented to the Board for final approval prior to the bid opening for the subject project.
An initial study was prepared for this project pursuant to the California Environmental Quality Act (CEQA) and a Notice of Exemption was filed with the County Clerk on May 04, 2005.
This project includes work in the Caltrans right of way and Caltrans approved the County's Encroachment Permit application on September 7, 2006.
A copy of the Contract Documents has been provided to the Board Clerk for review by Board Members and for permanent record. A copy is also available for viewing in the Public Viewing Packet that is on file with the Board Clerk.
Action to be taken following Board approval:
1. Board Chairman will sign the construction plans for Latrobe Road Widening Project - Highway 50 to White Rock Road;
2. DOT will advertise for construction bids and return to the Board for consideration to award the construction contract;
Contact: Russ Nygaard ext. 3551
Concurrences: County Counsel and Risk Management.