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Community Development Agency, Transportation Division, recommending the Board consider the following pertaining to the Diamond Springs Parkway Phase1B Project, CIP 72334:
1) Approve and authorize the Chair to sign an Acquisition Agreement for Public Purposes and a Certificate of Acceptance for the related documents from Douglas J. Bahlman, as Successor Trustee of the Bahlman Family Revocable Living Trust, Dated 12/09/2004 for Assessor’s Parcel Number 327-270-04;
2) Authorize the Community Development Agency Director, or designee, to execute the escrow instructions and any other related escrow documents pertaining to this transaction; and
3) Authorize the Community Development Agency Director, or designee, to extend the date of closure of escrow upon mutual agreement of both parties, if necessary.
FUNDING: Funding provided through a combination of 2004 GP TIM Fees (2%), Local Tribal Funds (61%), Master Circulation & Funding Plan Program (22%), Road Fund (>1%), West Slope TIM Fees (3%) and Utility Agencies (11%). (No Federal Funds)
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DEPARTMENT RECOMMENDATION
Negotiations concluded with property owner, Douglas J. Bahlman, as Successor Trustee of the Bahlman Family Revocable Living Trust, Dated 12/09/2004, securing the County’s interest in the subject parcel, and a settlement has been reached that is representative of the appraised value rounded to a compensatory value of the full in-fee parcel acquisition necessary for project construction.
The Community Development Agency, Transportation Division (Transportation) recommends that the Board Chair sign the Acquisition Agreement for Public Purposes for the Diamond Springs Parkway Phase 1B Project (Project). The full, In-Fee parcel acquisition is necessary for construction of the Project.
DISCUSSION / BACKGROUND
The Project, originally referred to as the “Missouri Flat Pleasant Valley Connector”, was initiated to provide improved traffic circulation and safety through and around the historic town of D...
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