Title
Transportation Department recommending Chairman be authorized to sign Agreement for Services AGMT 07-1492 with Dokken Engineering in an amount not to exceed $186,500 for a term effective upon execution and expiring upon the later of County's recordation of the Notice of Completion of Construction for the last of the three Projects to be completed under this Agreement, or upon resolution of all construction claims, if any, associated with that Project to provide design support services during construction of White Rock Road Realignment and Widening between Manchester Drive to Latrobe Road (Project 72401), Latrobe Road Widening between Highway 50 and White Rock Road (Project 72402), and Latrobe Road Realignment, Widening, and Bridge Project between Suncast Lane and Golden Foothill Parkway (Project 72403).
RECOMMENDED ACTION: Approve.
FUNDING: Funding, Credit, and Reimbursement Agreement between West Valley, LLC and the County of El Dorado require that the developer of West Valley advance fund the construction of the Latrobe Road and White Rock Road Projects through the prepayment of El Dorado Hills Traffic Impact Mitigation (TIM) fees. A bond was issued and a portion of the proceeds were used to prepay $23 million in El Dorado Hills TIM fees. These prepaid fees are held in a segregated fund and will be utilized to fund the three Latrobe and White Rock Road construction projects listed above, including the requisite construction support.
Body
BUDGET SUMMARY:
Total Estimated Cost $ 156,484.19
Funding
Budgeted $ 156,484.19
New Funding $
Savings $
Other $
Total Funding Available $ 156,484.19
Change To Net County Cost $ 0
Fiscal Impact/Change to Net County Cost:
All costs associated with the three Latrobe Road and White Rock Road projects have been advanced by the developer of the West Valley View project through prepayment of impact fees. There are currently sufficient bond proceeds...
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