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File #: 13-0682    Version: 1
Type: Agenda Item Status: Approved
File created: 6/4/2013 In control: Board of Supervisors
On agenda: 6/11/2013 Final action: 6/11/2013
Title: Community Development Agency, Transportation Division, recommending the Board consider the following: 1) Authorize the Chair to sign the Acquisition Agreements for Public Purposes and the Certificates of Acceptance for the related documents from Huddinge Partners, a Nevada Limited Partnership, for Assessor's Parcel Numbers 118-170-04 and 121-280-12; and 2) Authorize the Transportation Division 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, for the U.S. 50/Silva Valley Parkway Interchange - Phase 1 Project, CIP No. 71328, upon County Counsel review and approval. FUNDING: El Dorado Hills Traffic Impact Mitigation Fees - Silva Valley Interchange Set Aside Fund.
Attachments: 1. A - Draft CRS 11817004 6-11-13, 2. B - Acq Agmt 11817004 6-11-13, 3. C - Draft CRS 12128012 6-11-13, 4. D - Acq Agmt 12128012 6-11-13, 5. Fully executed Agreement 118-170-04.pdf, 6. Fully executed Agreement 121-280-12.pdf, 7. Fully executed TCE Hugginge Partners.pdf, 8. Fully executed Grant Deed 118-170-04.pdf, 9. Fully executed Grant Deed Huddinge.pdf, 10. Fully executed Grant of Slope and Drainage Easement.pdf, 11. Fully executed TCE.pdf, 12. Fully executed Grant Deed 121-280-12.pdf, 13. Fully executed Grant of Slope Easement and PUE 121-280-12.pdf
Title
Community Development Agency, Transportation Division, recommending the Board consider the following:
1) Authorize the Chair to sign the Acquisition Agreements for Public Purposes and the Certificates of Acceptance for the related documents from Huddinge Partners, a Nevada Limited Partnership, for Assessor's Parcel Numbers 118-170-04 and 121-280-12; and
2) Authorize the Transportation Division 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, for the U.S. 50/Silva Valley Parkway Interchange - Phase 1 Project, CIP No. 71328, upon County Counsel review and approval.

FUNDING: El Dorado Hills Traffic Impact Mitigation Fees - Silva Valley Interchange Set Aside Fund.
Body
BUDGET SUMMARY:
Total Estimated Cost…………… $590,138

Budgeted………………………… $590,138
New Funding…………………….
Savings…………………………
Other……………………………
Total Funding Available………… $590,138

Change To Net County Cost…… $0

Fiscal Impact/Change to Net County Cost
Acquisition costs are $885,536 for the land and easements on Assessor's Parcel Number 118-170-04, and $28,502 for the land and easements on Assessor's Parcel Number 121-280-12, with title and escrow fees estimated at $5,000 for a total estimated cost of $919,038. Escrow deposits in the amount of $318,000 and $10,900 respectively have previously been processed therefore fiscal impact with this action is $590,138. Funding for the acquisition process will be provided by El Dorado Hills Traffic Impact Mitigation Fees - Silva Valley Interchange Set Aside Fund.

Background
The Community Development Agency, Transportation Division (TD) 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-ra...

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