Title
Community Development Agency, Transportation Division, recommending the Board consider the following for the Hollow Oak Road Drainage Project, CIP No. 72369:
1) Approve and authorize the Chair to sign the Settlement Agreement and Release of Claims and the Certificates of Acceptance for the related documents from Joseph P. Williams, Jr, as Surviving Trustee of the Williams Family Living Trust, 9/19/1991, for Assessor’s Parcel Number 119-090-17 (formerly 108-120-17);
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: Bass Lake Hills Specific Plan Public Facilities Financing Plan and Regional Surface Transportation Program Exchange Funds - Caltrans. (No Federal Funds)
Body
BUDGET SUMMARY:
Total Estimated Cost…………… $ 4,900.00
Budget - Current FY…………… $ 4,900.00
Budget - Future FY………………
New Funding…………………….
Savings…………………………
Other……………………………
Total Funding Available………… $ 4,900.00
Change To Net County Cost…… $ 0.00
Fiscal Impact/Change to Net County Cost
Temporary Construction Easement acquisition and settlement costs are $2,400.00 with title and escrow costs estimated at $2,500.00 for a total estimated cost of $4,900.00. Funding for the acquisition process will be provided by a combination of the Bass Lake Hills Specific Plan Public Facilities Financing Plan and Regional Surface Transportation Program Exchange Funds - Caltrans.
Background
The Community Development Agency, Transportation Division (Transportation), has completed the design phase of the Hollow Oak Road Drainage Project (Project) to mitigate and repair drainage on Hollow Oak Road, including connection to a culvert under Bass Lake Road.
The P...
Click here for full text