Title
Community Development Agency, Transportation Division, recommending the Board consider the following for the Diamond Springs Parkway Phase1A - SR-49 Realignment Project, CIP 72375:
1) Approve and authorize the Chair to sign the Acquisition Agreement for Public Purposes and the Certificates of Acceptance for the related documents from Courtside Manor Homes, Inc., a California Corporation for Assessor’s Parcel Number 051-461-37;
2) Authorize the Community Development Agency 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; 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 for this project is provided by Traffic Impact Mitigation Fees (43%), Local Tribe Funds (28%), Utility Agencies (21%), Master Circulation & Funding Plan Financing (7%) and Road Fund (<1%). (No Federal Funds)
Body
DEPARTMENT RECOMMENDATION
The Community Development Agency, Transportation Division (Transportation) recommends the Board Chair sign the Acquisition Agreement for Public Purposes for the Diamond Springs Parkway Phase1A - SR-49 Realignment Project, CIP No. 72375 (Project). The fee and easement acquisitions are necessary for construction of the Project.
DISCUSSION/BACKGROUND
Transportation is currently in the right of way phase of the Project. Originally referred to as the "Missouri Flat/Pleasant Valley Connector", this Project will provide improved traffic circulation and safety through and around the historic town of Diamond Springs. Phase 1A is the first of two phases necessary to complete the entire Project which includes realigning, widening and improvements to SR49 from the new parkway intersection south to Pleasant Valley Road and signalization of multiple intersections. While the full benefit of the Project will not ...
Click here for full text