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HomeMy WebLinkAbout1991-03-26 - AGENDA REPORTS - SOLEDAD CYN RD FACILITIES ASMT (2)G CONSENT CALENDAR . DATE: March 26, 1991 AGENDA REPORT City Manager Approval Item to be presented John E. Medina SUBJECT: SOLEDAD CANYON ROAD EAST OF SAND CANYON ROAD FACILITIES BENWIT ASSESSMENT DISTRICT DEPARTMENT: Public Works BACKGROUND In 1990, the Community Development Department placed conditions of approval on Tracts 34466, 45148, 47324, 47803 and 49476 to develop a reimbursement mechanism to install street improvements on Soledad Canyon Road from Sand Canyon Road to Oak Springs Canyon Road. In - addition, the' City will include in the reimbursement district road improvements from Oak Springs Canyon Road east to Shadow Pines Boulevard. These improvements will widen Soledad Canyon Road to its full width and improve the flow of traffic generated by the numerous developments from the surrounding areas. The improvements consist of the widening.and realignment of Soledad Canyon Road, curb, sidewalks, street lighting, left turn lanes where needed, and signalization of Soledad Canyon'Road at the off—ramp of Highway 14 and also at Oak Springs Canyon Road. This project would require a facilities benefit assessment district be formed to spread the total cost over all the developers conditioned for the improvements. Currently, a mechanism exists under City ordinances that would allow implementation.of this program entitled, "Procedural Ordinance for Financing of Public Facilities." A meeting has been held with the developers that have been conditioned to participate in the funding for widening this section of Soledad Canyon Road and other potential developers in the area. Some developers have indicated a willingness to receiving soil from the hill removal for the roadway widening, which would reduce the construction cost of the project. Other developers have indicated an interest in advancing the funding necessary for the roadway widening and actual construction as part of a development agreement. Those developers are planning to meet amongst themselves to determine if this is feasible, and will submit a proposal to the Public Works Department within the next few weeks. That proposal will be reviewed by the staffs of the Community Development Department and the Public Works Department prior to submittal to Council for consideration. Other possible funding options will also be submitted to Council for consideration. A Facilities Benefit Assessment District will be required regardless of the funding mechanism to assure that all developments in the area are properly assessed for their appropriate share of the project cost. Upon direction by the City Council, staff will proceed to. implement this program with an application to be signed by all parties involved. Upon receipt 'of this application and a fee deposited with the City from the developers, further steps will be initiated including a Resolution of Intention and Engineer's Report. This fee .will fund the initial process, establish the district and will be credited towards the developers final assessment. Agenda item: � % SOLEDAD CANYON ROAD EAST OF SAND CANYON ROAD FACILITIES BENEFIT ASSESSMENT DISTRICT Page 2 City Council authorize staff to proceed with the formation of a facilities benefit assessment district for improvements to Soledad Canyon Road. ATTACHMENT Map /ce-408 CITY OF SANTA CLARITA VICINITY NL P 0 r 5 8 p� MAGIC NTN. PKWY. CREEKSIDE 4 Cp 3 DRIVE SD (^y EDA D 1 `� nq[ P N� 5` 0 c tau '� i+ \l •4 _ °r . J`° F{'✓.9y 2 a ` '= " Y�J rj L • i Y rc•ew... ca S Q TNVO 49426---- s„ .- .�,,. ..0 L /r , s°34466 WIN �,•• � � 51,48 �� ', r-- �`' • �NO SA��� [ �.. .�,.� K•.• a,.... ..p\ 4x,0•[ x-`54` � •hW \ I