Title
Transportation Department recommending Chairman be authorized to sign Acquisition Agreement 07-1471 for Public Purposes with Beau Melgreen and Vicki Melgreen in the amount of $17,650 and Certificate of Acceptance for the related deed for a portion of APN 083-253-05; and authorize Director of said Department or designee to execute escrow instructions and any other related escrow documents pertaining to same, including the payment of title, reconveyance, and escrow fees for the Cameron Park Drive and Oxford Road Project.
RECOMMENDED ACTION: Approve.
FUNDING: Traffic Impact Mitigation Fees.
Body
BUDGET SUMMARY:
Total Estimated Cost $19,650.00
Funding
Budgeted $19,650.00
New Funding $
Savings $
Other $
Total Funding Available $19,650.00
Change To Net County Cost $0
Fiscal Impact/Change to Net County Cost:
There is no Net County Cost.
The Cameron Park Drive and Oxford Road Project is funded with the Traffic Impact Mitigation Fee Program (TIM) funds and sufficient funds are in the project budget for the subject acquisition, including compensation to the owner of $17,650.00, plus title, reconveyance, and escrow fees of approximately $2,000.00, for a total of $19,650.00
Background:
The El Dorado County Department of Transportation proposes to improve a portion of the Cameron Park Drive and Oxford Road intersection by installing turn signals and adding turn lanes. The subject property is located on the east side of Cameron Park Drive and south of Oxford Road.
On May 9, 2006, staff asked for and received authorization to proceed with acquisitions for this project and Bender Rosenthal, Inc. performed the appraisal to determine the value of the fee title area.
On December 12, 2006 your Board authorized the Right of Way Unit to open negotiations with the Melgreens. On April 17, 2007 staff asked for and received authorization to present a counter offer to the property owners, Beau ...
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