Title
Transportation Department recommending Chairman be authorized to sign Agreement AGMT 07-1378 with Wetland Resources, LLC in the amount of $491,985 for the purchase of 1.416 acres of seasonal wetlands, 1.839 acres of freshwater marsh, and 0.138 acres of intermittent drainage for a total of 3.393 acres; and recommending the Auditor/Controller be authorized to issue a check in the amount of $491,985 to Wetland Resources, LLC for said purchase.
RECOMMENDED ACTION: Approve.
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FUNDING: The provisions of the Funding, Credit and Reimbursement Agreement between West Valley, LLC and the County of El Dorado require that the developer of West Valley advance funds for the construction and associated costs of the White Rock Road Project through the prepayment of El Dorado Hills TIM fees. West Valley (a.k.a. Blackstone) issued a bond where a portion of the proceeds were used to prepay $23 million in El Dorado Hills Traffic Impact Mitigation fees; said prepaid fees are held in a segregated fund and will be utilized to fund the Latrobe Road and White Rock Road improvements and associated costs, including this purchase of mitigation credits.
BUDGET SUMMARY:
Total Estimated Cost $ 491,985
Funding
Budgeted $491,985
New Funding $
Savings $
Other $
Total Funding Available $ 491,985
Change To Net County Cost $ 0.00
Fiscal Impact/Change to Net County Cost:
There is no net cost to the County General Fund associated with this agenda item.
Reason for Recommendation:
In order to proceed to construction for the White Rock Road Realignment project (project 72401, formerly 66101), it is necessary to purchase credits for the mitigation of the project’s impacts to wetland areas.
The United States Army Corps of Engineers (USACE) issued a 404 permit signed by Kevin J. Roukey, Chief, on November 2, 2006. Special Condition #2 of Permit Number 200400715 requires this purchase of 3.393 credits of season...
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