Title
Transportation Department recommending Chairman be authorized to sign Acquisition Agreement for Public Purposes and Certificates of Acceptance from El Dorado Hills Investors, LTD in the total amount of $4,200 for APN 117-210-37, in fee; and authorize the Director of said Department or his designee to execute escrow instructions and other related escrow documents pertaining to the transaction, including the payment of title and escrow fees, for the Latrobe Road Widening Phase 2 Project 66103/72403.
RECOMMENDED ACTION: Approve.
FUNDING:Traffic Impact Mitigation Fees
Body
BUDGET SUMMARY:
Total Estimated Cost $4,200.00
Funding
Budgeted $4,200.00
New Funding $
Savings $
Other $
Total Funding Available $4,200.00
Change To Net County Cost $0
Fiscal Impact/Change to Net County Cost:
The Latrobe Road Widening Project, Phase 2, including the subject property acquisition costs of $2,700.00 for the fee title and $1,500.00 for the title and escrow fees, for a total of $4,200.00, will be paid from prepaid traffic impact mitigation fees paid by the Valley View development.
Background:
The El Dorado County Department of Transportation proposes to improve a portion of the Latrobe Road corridor in and near the community of El Dorado Hills. The project limits are on Latrobe Road between Suncast Lane and Golden Foothill Parkway. The subject property is located on the west side of Latrobe Road south of Suncast Lane.
On April 5, 2005, staff asked for and received authorization to proceed with acquisitions for this project and Seevers Jorgan Ziegenmeyer performed the appraisal to determine the value of the fee title area.
Reason for Recommendation:
The acquisition of land rights affecting the subject parcel is necessary from the subject property owner in order to enable the construction of the project. The acquisition involves fee title for APN 117-210-37 (formerly APN 107-020-10), owned by ...
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