Title
Department of Transportation recommending the Board authorize the Chair to sign the Consent to Making of Irrevocable Offers of Dedication secured by Granite Grado Ventures, Missouri Flat, LLC for APNs 051-250-12, 051-250-46 and 051-250-54, in support of the Diamond Springs Parkway - Phase 1 Project, 72334. (Prior Item 55, 12/16/08)
FUNDING: 2004 General Plan Traffic Impact Mitigation Fee Program
Body
BUDGET SUMMARY:
Total Estimated Cost $593,510
Funding
Budgeted $593,510
New Funding $
Savings $
Other $
Total Funding Available $593,510
Change To Net County Cost $0
Fiscal Impact/Change to Net County Cost:
Funding for this agenda item is provided by the 2004 General Plan Traffic Impact Mitigation Fee Program. There is no net cost to the County's General Fund associated with this agenda item.
Background:
Diamond Springs Parkway - Phase 1 (Project), previously known as the Missouri Flat Road/Pleasant Valley Connector, is listed as a new road in the 1996 and 2004 General Plans and is included in the current Adopted 2010 Capital Improvement Program.
On April 29, 2008, the Board authorized the Department to negotiate an agreement with Granite Grado Ventures, Missouri Flat, LLC (GGV) for the advancement of planning, design and construction costs for the Project. During negotiations of the proposed agreement the County determined that it should now lead the Project delivery effort.
On December 16, 2008, the Board approved the Funding Agreement for Diamond Springs Parkway Design and Environmental Costs with GGV. The Agreement provides contemporaneous reimbursement to GGV for costs incurred in providing specified design and environmental deliverables. In consideration of the County's advanced reimbursement, outside the timelines established in the County's TIM Fee Reimbursement Guidelines, GGV agreed to secure and provide irrevocable offers of dedication for all necessary rights...
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