Share to Facebook Share to Twitter Bookmark and Share
File #: 12-1362    Version: 1
Type: Agenda Item Status: Approved
File created: 10/24/2012 In control: Board of Supervisors
On agenda: 1/15/2013 Final action: 1/15/2013
Title: Department of Transportation recommending the Board consider the following: 1) Authorize the Chair to sign the Possession and Use Agreement with Huddinge Partners, a Nevada Limited Partnership, for a portion of Assessor's Parcel Number 121-280-12; and 2) Authorize the Interim Director of Transportation 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 U.S. 50/Silva Valley Parkway Interchange - Phase 1 Project, CIP No. 71328. FUNDING: El Dorado Hills Traffic Impact Mitigation Fees - Silva Valley Interchange Set Aside Fund.
Attachments: 1. A - Draft CRS 01-15-13, 2. B - Possession & Use Agmt 01-15-13.pdf, 3. Fully executed Possession and Use Agrmt.pdf
Title
Department of Transportation recommending the Board consider the following:
1) Authorize the Chair to sign the Possession and Use Agreement with Huddinge Partners, a Nevada Limited Partnership, for a portion of Assessor's Parcel Number 121-280-12; and
2) Authorize the Interim Director of Transportation 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 U.S. 50/Silva Valley Parkway Interchange - Phase 1 Project, CIP No. 71328.

FUNDING: El Dorado Hills Traffic Impact Mitigation Fees - Silva Valley Interchange Set Aside Fund.
Body
BUDGET SUMMARY:
Total Estimated Cost…………… $10,900*

Budgeted………………………… $10,900
New Funding…………………….
Savings…………………………
Other……………………………
Total Funding Available………… $10,900

Change To Net County Cost…… $0

Fiscal Impact/Change to Net County Cost
The appraised value is estimated to be $10,900 (*subject to continuing negotiations). Funding for the acquisition process will be provided by El Dorado Hills Traffic Impact Mitigation Fees - Silva Valley Interchange Set Aside Fund.

Background
Transportation Department, is working to advance the U.S. 50/Silva Valley Parkway Interchange - Phase 1 Project (Project), which will include a six-lane overcrossing (four through lanes and two deceleration lanes to the loop on-ramps), new signalized diagonal off-ramps, diagonal on-ramps, and loop on-ramps. The mainline will be improved to include east and west auxiliary lanes between El Dorado Hills Boulevard and the new interchange.
The Project is subject to the California Environmental Quality Act (CEQA). On June 28, 2011 the Board certified the CEQA Supplemental Environmental Impact Report, approved the Project, and authorized the commencement of the acquisition process for the land rights necessary for the construction and completion of the Project.

On September 17, 2012 the Board of Superv...

Click here for full text