Title
Department of Transportation recommending the Board:
1) Approve the Contribution Agreement with the State of California/Caltrans and the City of South Lake Tahoe, for the contribution of drainage, non-motorized, and maintenance access easements affecting County-owned parcels APN 026-050-05 (County 56-acre parcel), APN 027-010-31 (Lakeside Property) and APN 027-361-13 (El Dorado Center parcel);
2) Approve a Consent to Easement and Agreement to Subordinate with the City of South Lake Tahoe, for the contribution of non-motorized and maintenance access easements affecting County-owned parcels APN 026-050-05 (County 56-acre parcel), and APN 027-361-13 (El Dorado Center parcel);
3) Authorize the Chair to execute said Contribution Agreement and all easement documents and rights of entry identified in Exhibit A of the Agreement, and to execute said Consent to Easement and Agreement to Subordinate; and,
4) Authorize the payment of title and escrow fees in the amount of $1,000.
FUNDING: General Fund.
Body
BUDGET SUMMARY:
Total Estimated Cost $1,000.00
Funding
Budgeted $1,000.00
New Funding $
Savings $
Other $
Total Funding Available $1,000.00
Change To Net County Cost $0.00
Fiscal Impact/Change to Net County Cost:
The proposed easement contributions are various strips of land located parallel to US Hwy. 50, and affect APN 026-050-05 (County 56-acre parcel) and a small portion of APN 027-361-13 (El Dorado Center parcel). There is a Temporary Construction Easement and Maintenance Easement to the State that covers all of APN 027-010-31 (Lakeside Property). In 2007, the value of the land rights totaling 2.17 acres was estimated to be $1.75 million dollars, although the value of land at Lake Tahoe has continued to decline since that time. Because the value of the easements is considered to be contributory to the project, there is no change to Net County Cost.
Background:
On July 17, 2007, ...
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