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Department of Transportation recommending the Board approve and authorize the Chair to sign the Offsite Road Improvement Agreement for Malcolm Dixon Area of Benefit, Road Improvement Agreement 19-54910, between the County and the Developers, Omni Financial, LLC, Alto, LLC, Salmon Falls Land & Cattle Company, LLC, Diamante Development, LLC and Christopher A. LaBarbera Revocable Trust, 2019. (Cont. 8/13/2019, Item 14) (Est. Time: 20 Min.)
FUNDING: Developer Funded.
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DISCUSSION / BACKGROUND
Four previously-approved residential subdivisions in the Malcolm Dixon Road area of El Dorado Hills, (La Canada TM08-1463, Malcolm Dixon Road Estates TM05-1401E, Alto TM06-1408, and Diamante Estates/Vineyards TM06-1421E) are all conditioned to make improvements to Malcolm Dixon Road. These improvements include realigning, widening, and modifying the profile of Malcolm Dixon Road, completing the Malcolm Dixon Cutoff connecting to Green Valley Road, and reconfiguring the intersection with Via Veritas. (See Attachment “C”)
The common conditions of approval for the four residential subdivisions also provide for the establishment of an Area of Benefit (AOB) joint funding structure, including, in part the following: “Multi-Project Area of Benefit: Upon the applicant’s request, the County will form and implement, at the applicant’s expense, a public improvement financing district for funding or reimbursement of the costs of off-site public improvements….” This contemplated AOB would collect fees and distribute reimbursements from the same developments to fund construction of the project. The applicants have jointly determined it is in their own interests to forgo the AOB process, and fund the construction of the improvements through private agreement. This arrangement is consistent with the common condition of approval as the formation of the AOB is only required if requested by the applicant.
This Road Improvement Agreement (RIA) establishes the terms and condition...
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