Title
Transportation recommending the Board consider the following:
1) Authorize the Chair to sign the Acquisition Agreement for Public Purposes and the Certificates of Acceptance for the related documents from Lake Oaks Mobile Home Community, Inc., a California Corporation, for Assessor's Parcel Numbers 331-310-08, 331-310-09, 331-390-08 and 331-390-12, subject to County Counsel review and approval; and
2) Authorize the Director of Transportation or designee to execute the escrow instructions and any other related escrow documents pertaining to the transaction, including 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.
Body
BUDGET SUMMARY:
Total Estimated Cost…………… $98,500
Budgeted………………………… $98,500
New Funding…………………….
Savings…………………………
Other……………………………
Total Funding Available………… $98,500
Change To Net County Cost…… $0
Fiscal Impact/Change to Net County Cost
Acquisition costs are $19,625 for fee title, $67,669 for two Highway Easements, $871 for a Public Utility Easement, $288 for a Temporary Construction Easement, with title and escrow fees estimated at $10,000, rounded to $98,500. Funding for the acquisition process will be provided by 2004 General Plan Traffic Impact Mitigation fees.
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. Currently the intersection is 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 tu...
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