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Community Development Agency, Transportation Division, recommending the Board approve and authorize the Chair to sign the Amendment to the Development Agreement between County of El Dorado, Safeway Inc., DS Placerville, LLC, and Donahue Schriber Asset Management Corporation on the U.S. 50/Missouri Flat Road Interchange Improvements - Phase 1B Project, CIP No. 71336.
FUNDING: 2004 General Plan Traffic Impact Mitigation (TIM) and Highway 50 TIM fees, American Recovery and Reinvestment Act, Master Circulation and Funding Plan, Regional Improvement Program, Road Fund/Discretionary, State Highway Operation and Protection Program Funds and Transportation Community and System Preservation Funds. (Federal Funds)
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Fiscal Impact/Change to Net County Cost
The County of El Dorado (County) will not incur any cost with this amendment; therefore there is no fiscal impact or change to Net County Cost.
Background
The Community Development Agency Transportation Division (Transportation) is currently in the process of finalizing the U.S. 50/Missouri Flat Road Interchange Improvements - Phase 1B Project (Project). As part of this process, Transportation is clearing title encumbrances on portions of land that the County acquired as part of the project. These portions will be granted to the California Department of Transportation (Caltrans) once the titles have been cleared.
The County acquired portions of 15 parcels for the Project. On what is now County owned assessor’s parcel number 327-130-61, a Development Agreement exists which affects the title to the property. The Development Agreement, executed in 1998, was between the County and the original developers of the shopping center located at the North-East corner of the intersection of Highway 50 and Missouri Flat Road. In 2001, the Development Agreement was subsequently assigned to Safeway Inc., DS Placerville LLC, and Donahue Schriber Asset Management Corporation, who now own much of the property within that...
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