Title
Community Development Agency, Transportation Division, recommending the Board consider the following for the Cold Springs Road Realignment Project, CIP No. 73360:
1) Approve and authorize the Chair to sign the Easement Acquisition Agreement for Public Purposes and the Certificates of Acceptance for the related documents from Michael S. Howard, a Married Man as his Sole and Separate Property, for Assessor’s Parcel Number 089-060-23;
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.
FUNDING: Highway Safety Improvement Program Funds and Regional Surface Transportation Program Exchange Funds. (Federal Funds)
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BUDGET SUMMARY:
Total Estimated Cost…………… $ 4,100.00
Budget - Current FY…………… $ 4,100.00
Budget - Future FY………………
New Funding…………………….
Savings…………………………
Other……………………………
Total Funding Available………… $ 4,100.00
Change To Net County Cost…… $ 0.00
Fiscal Impact/Change to Net County Cost
Fee and Easement acquisition costs are $1,600.00 with title and escrow costs estimated at $2,500.00 for a total estimated cost of $4,100.00. Funding for the acquisition process is budgeted in the current Capital Improvement Program and will be provided by a combination of the Highway Safety Improvement Program Funds and Regional Surface Transportation Program Funds.
Background
The Community Development Agency, Transportation Division (Transportation), is currently in the design phase of the Cold Springs Road Realignment Project (Project) to realign the curve radius, increase pavement width and shoulders, adjust elevation and improve drainage along a higher-risk segment of Cold Springs Road between Mount Shasta Lane and Fox Pr...
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