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Community Development Agency, Transportation Division, recommending the Board consider the following pertaining to the Diamond Springs Parkway Phase 1A - SR-49 Realignment Project, CIP No. 72375:
1) Approve and authorize the Chair to sign the Acquisition Agreement in the amount of $156,300 with title and escrow costs estimated at $2,500, for a total estimated cost of $158,800. for Public Purposes and the Certificates of Acceptance for the related documents from Randy Green, a Married Man as to an Undivided 1/6 Interest; Ginger Lich, a Married Woman as to an Undivided 1/6 Interest and Neil Winstead, as Successor Trustee of the Gloria L. Winstead Revocable Trust, 5/27/1999 as to an Undivided 2/3 Interest for Assessor’s Parcel Number 054-342-23;
2) Authorize the Community Development Agency Director, or designee, to execute the escrow instructions and any other related escrow documents pertaining to the transaction, including payment of title and escrow fees; and
3) Authorize the Community Development Agency Director, or designee, to extend the date of closure of escrow upon mutual agreement of both parties if necessary.
FUNDING: Master Circulation & Funding Plan Financing (7.4%), 2004 GP Traffic Impact Mitigation Fee Program (2.8%), West Slope Traffic Impact Mitigation Fee Program (40%), Local Tribe Funds (28.4%) and Utilities (21%). The acquisition cost is $156,300 with title and escrow costs estimated at $2,500, for a total estimated cost of $158,800. (No Federal Funds)
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DEPARTMENT RECOMMENDATION
Negotiations concluded with property owners, Randy Green, Ginger Lich and Neil Winstead, Successor Trustee, securing the County’s interest in the nineteenth of twenty-eight project acquisition parcels, and a settlement has been reached that is representative of the appraised value rounded to a compensatory value of the necessary land rights.
The Community Development Agency, Transportation Division (Transportation) recommends that the Board Chair sign the...
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