Title
Transportation Department recommending the Board accept as complete the El Dorado Hills Specific Plan Improvements; and adopt Resolution accepting Serrano Parkway and Bass Lake Road into the El Dorado County Maintained Mileage System.
RECOMMENDED ACTION: Adopt Resolution 186-2007.
FUNDING: Traffic Impact Fees and El Dorado Hills Community Facilities District.
Body
BUDGET SUMMARY:
Total Estimated Cost $2,662,000.00
Funding
Budgeted $1,812,000.00
New Funding $0
Savings $0
Other * $ 850,000.00
Total Funding Available $2,662,000.00
Change To Net County Cost $0
* funded with CFD bond proceeds where transactions occur outside the budget process
Fiscal Impact/Change to Net County Cost:
The Bass Lake Road portion of this project is eligible for reimbursement from Traffic Impact Fees in the approximate amount of $1,812,000.00 and Serrano Parkway from the El Dorado Hills CFD in the approximate amount of $850,000.00. A reimbursement agreement will be presented to the Board at a subsequent meeting. Also, there will be some financial impact to the County related to the ongoing maintenance of the accepted roadway.
Reason for Recommendations:
The road improvements as shown on the improvement plans for Serrano Parkway [STA 192+50 to STA 198+20.27] and Bass Lake Road [STA 48+17.34 to STA 64+63.32] (EDHSRNO#4) have been substantially completed according to the plans specifications and conditions of the following agreements:
1. Development Agreement dated January 19, 1989.
2. Acquisition, Funding and Disclosure Agreement for Community Facilities District 1992-1 (El Dorado Hills) dated September 22, 1992, formed under the Mello-Roos Community Facilities Act of 1982.
3. El Dorado Hills Specific Plan.
The following shall be accepted into the County Maintained System by separate Resolution:
Serrano Parkway - as offered, accepted and recorded in El Dorado County documen...
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