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Community Development Agency, Transportation Division, recommending the Board consider the following:
1) Approve and authorize the Chair to sign the Possession and Use Agreement with Patricia Harrington, an unmarried woman, and Michael Quigley, an unmarried man, as Tenants In Common, for Assessor's Parcel Numbers 329-280-09 and 329-280-16; and
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 the payment of title and escrow fees, for the Pleasant Valley Road (SR49)/Patterson Drive Intersection Signalization Project, CIP No. 73320.
FUNDING: 2004 General Plan Traffic Impact Mitigation Fees, State Highway Operations and Protection Program, Special Revenue, State Transportation Impact Mitigation Fee, State-Local Partnership Program, and Traffic Impact Mitigation Fees (No Federal Funds).
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BUDGET SUMMARY:
Total Estimated Cost…………… $62,200.00
Budget - Current FY…………… $62,200.00
Budget - Future FY………………
New Funding…………………….
Savings…………………………
Other……………………………
Total Funding Available………… $62,200.00
Change To Net County Cost…… $0
Fiscal Impact/Change to Net County Cost
There is no change to Net County Cost with the approval of this agreement.
Background
The intersection of Pleasant Valley Road (State Route 49)/Patterson Drive is located approximately one mile northeast of the community of El Dorado and two miles northwest of the community of Diamond Springs on State Route 49. The intersection is currently a three-way stop.
The Pleasant Valley Road (SR49)/Patterson Drive Intersection Signalization Project (Project) area consists of approximately 1,800 feet of Pleasant Valley Road (State Route 49) and approximately 850 feet of Patterson Drive. Proposed improvements include the widening of the approaches to the intersection; the addition of turn pockets; installation of traffic signals, curbs, gutte...
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