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Department of Transportation requesting the Board approve and authorize the Chair to sign Assignment and Assumption of Plans and Specifications Agreement 4533 with Silver Springs, LLC for the Silver Springs Parkway to Bass Lake Road (South Segment) Project, CIP 76108.
FUNDING: Developer Advanced Traffic Impact Mitigation Zones 1-7 Fees, Traffic Impact Mitigation Zones 1-7 Fees, Developer Funds and Road Funds/Discretionary Funds.
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DISCUSSION / BACKGROUND
The Silver Springs Parkway to Bass Lake Road (South Segment) Project (Project) will complete the construction of Silver Springs Parkway in the northwestern area of Cameron Park from Green Valley Road to Bass Lake Road as shown on Exhibit TC-1 in the El Dorado County General Plan. In 1986, an alignment study was conducted to determine the future alignment, design, and improvements necessary to upgrade Bass Lake Road. On April 6, 1993, the Board adopted the Final Environmental Impact Report (EIR) (State Clearinghouse # 90021120) for the Bass Lake Road Realignment Project. On December 15, 1998, the Tentative Map TM97-1330 for the Silver Springs development with Findings/Conditions of Approval and associated Final Environmental Impact Report (State Clearinghouse # 970720221) was approved by the Board of Supervisors. On August 2, 2016 (Item 28), the Board approved the Final Subsequent EIR for the Project.
On September 25, 2012 (Item 34), the Board approved multiple agreements with Silver Springs, LLC (Developer), including Reimbursement Agreement 07-1468 which provides the terms for reimbursement for the Project, and Road Improvement Agreement 12-53452 which provides the duties and timelines for each party for the Project. The Reimbursement Agreement allows for the Developer to be reimbursed for eligible soft costs provided "there exists an executed Assignment and Assumption Agreement" for the Project.
The Assignment and Assumption Agreement 4533 (Agreement) assigns to the County all rights, title ...
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