HomeMy WebLinkAbout1990-01-09 - AGENDAS - ROADWAY FINANCING CONST STATUS (2)AGENDA REPORT
City Manager Approval
Item to be presented by:
NEW BUSINESS John E. Medina
DATE: January 9, 1990
SUBJECT: ROADWAY FINANCING/CONSTRUCTION STATUS
DEPARTMENT: Public Works
BACKGROUND
The Council has committed time, energy, and resources to focus on solutions to
its citizens number one concern -- traffic congestion. A great deal of the
Council's efforts have been toward the construction on new streets and roads.
Proposition P had the ability to add a significant stimulus to financing a
number of major streets and roads in our community. Because it did not pass,
councilmembers have expressed to staff the need to take another look at the
potential ways to implement these improvements. The following is our comments
of the current status and potential financing mechanisms of various projects.
The City has adopted two bridge and thoroughfare districts and is in the process
of completing two additional district which would result in the entire City
being in a bridge and thoroughfare district. New developments will pay fees
which will be used to fund the improvements. We are also well on our way to
presenting to the Council a proposal to increase these fees to add to and
accelerate the construction of our roadway needs. It should be noted, however,
that the Bridge and Thoroughfare District will provide funding for onlv two
lanes of roadwa
We are negotiating with the State Department of Transportation for their
commitment to provide the additional required funding for San Fernando Road from
15th Street to Bouquet Canyon Road. This potential funding would supplement the
funding of $6,000,000 already budgeted by the City and permit completion of the
four lane roadway.
Previous discussions with Valencia Company has resulted in an accelerated
schedule for Newhall Ranch Road between Bouquet Canyon Road and McBean Parkway,
McBean Parkway between Newhall Ranch Road and Decoro Drive, and Decoro Drive
between McBean Parkway and Seco Canyon Road.
Our most significant opportunities and major steps forward have been in
negotiating an accelerated construction schedule and financing of roadway
improvements with new developments. We are in serious negotiations with
developers for the construction of the following:
1. Golden Valley Road from Soledad Canyon Road to the Antelope Valley Freeway
2. Rio Vista and Santa Clara River Bridge
3. Route 126 easterly of Bouquet Canyon Road
Agenda Item:_
Roadway Financing/Construction Status
January 9, 1990
Page 2
The Public Works and Planning Departments have taken the approach that new
developments should not only construct the streets within and adjacent to their
development but provide resources to lessen existing traffic congestion. On one
recent project, the developer agreed to pay double his required bridge and
thoroughfare fees to help accelerate the construction of Whites Canyon Road to
the Antelope Valley Freeway. The approach of seeking accelerated or increased
funding from developers will be used where available and realistic with the
legal constraints in existence.
At your meeting, staff will make a presentation on the status and financing of
these roadway improvements and will be available to answer questions on the
program.
RECOMMENDATION
The Council receive staff's presentation and provide comments and direction on
roadway financing and construction after Proposition P.