Title
Department of Transportation recommending the Board receive information and provide direction on the draft Public Facilities Financing Plan for the MC&FP Phase II (Attachment A). (Est. Time: 1 Hr.)
FUNDING: Missouri Flat Master Circulation and Financing Plan Phase I Funds
Body
DISCUSSION / BACKGROUND
The goals of the Missouri Flat Master Circulation and Financing Plan (MC&FP) Phase II are to:
· Accommodate the expansion of a vital commercial center in El Dorado County.
· Improve the County’s fiscal well-being.
· Establish the framework for revenue collection that will fund specific improvements identified in the Missouri Flat area.
· Allow for discretionary approvals of commercial development in the Missouri Flat area.
· Alleviate existing/projected traffic congestion.
The Board approved the original Missouri Flat MC&FP in December 1998. The MC&FP is comprised of a policy and action framework intended to relieve existing road deficiencies and create additional capacity for planned commercial development in the commercial area surrounding the Missouri Flat Road and Highway 50 interchange (Project Area). The MC&FP incorporated the following objectives:
· Alleviate existing traffic congestion.
· Create adequate capacity to meet County General Plan Level of Service (LOS) policy.
· Establish a vital commercial center in the County.
· Improve the County’s fiscal well-being.
· Establish the framework for revenue collection that would fund specific improvements identified in the Project Area.
· Construct improvements to Missouri Flat Road.
Originally envisioned as one funding plan, the MC&FP was subsequently divided into two phases after the November 1998 passage of Measure Y, which excluded certain improvements contained in the funding plan. Approval of the initial phase of MC&FP (Phase I) coincided with the approval of a number of commercial projects proposed for the Project Area, including Walmart, the El Dorado Villages Shopping Center, and Sundance Pl...
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