HomeMy WebLinkAbout1990-05-29 - AGENDA REPORTS - VALENCIA BLVD I-5 INTERCHANGE (2)AGENDA REPORT
City Manager Approval
Item to be presented b l
NEW BUSINESS John E. Medina
DATE: May 22, 1990
SUBJECT: VALENCIA BOULEVARD INTERCHANGE I-5
DEPARTMENT: Public Wor
BACKGROUND
The Newhall Land and Farming Company is requesting the City's support for an
improvement project consisting of widening of the Valencia Boulevard
overcrossing of I-5 and construction of two diamond on -ramps.
The widening of the Valencia Boulevard overcrossing and the elimination of left
turn movements onto I-5 will significantly improve traffic safety on Valencia
Boulevard. Ultimately, this improvement will enhance the traffic pattern to and
from the future regional mall at Valencia Boulevard and McBean Parkway.
The County of Los Angeles has agreed to sponsor the project. These improvements
were required by the County as a condition of approval for the Valencia
Company's Westridge Development located on the west side of the I-5. The
Westridge Development is a golf course community consisting of approximately
1900 dwelling units which include a mix of single-family, duplex, tri-plex, and
multi -family units. Commercial developments, amounting to approximately 56
acres, adjacent to the freeway will be accessed off of The Old Road.
The major construction cost of $4.5 million, exclusive of right-of-way for this
project, will be borne by the Valencia Company. Construction is expected to
gccur in 1992.
On March 13, 1990, the City Council authorized the execution of the Valencia
Bridge and Major Thoroughfare Cooperative Agreement with the County of Los
Angeles. Following this action, a district report will be prepared to develop
and to prioritize a list of projects which will be constructed as funds become
available. The Valencia Company has requested that the City agree to allow them
credits for the construction of this project in lieu of bridge and thoroughfare
fees. However, we feel that this should be addressed later during the Council's
review of the Valencia District when the entire circulation network for the area
is considered.
RECOMMENDATION
1. The City Council support the Valencia Company project for the improvement of
Valencia Boulevard overcrossing of I-5 and the construction of -two diamond
on -ramps.
2. The City Council consider credit for this project under the Valencia Bridge
and Major Thoroughfare District when the district report is reviewed.
ATTACHMENT � Agenda .Item: � J
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Map A
GOLDEN STATE FREEWAY 115
VALENCIA BLVD.
GVERCROSSM & RAMPS
PROPOSED
- _ IMPROVEMENT
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