HomeMy WebLinkAbout1993-11-23 - AGENDA REPORTS - PASEO BRIDGES (2)AGENDA REPORT
NEW BUSINESS
City Manager Approve
Item to be presented
Ken Pulskamp
DATE: November 23, 1993
SUBJECT: PASEO BRIDGES/UNDERPASSES - PROVISION OF LONG-TERM
MAINTENANCE, REPLACEMENT AND LIABILITY INSURANCE,
DEPARTMENT: Community Development
BACKGROUND
The paseo system in Valencia Is currently maintained through the County Landscape and Lighting
Maintenance District, Areawide 1. Long-term maintenance, the cost of replacement and liability
Insurance coverage for the paseo bridges, and underpasses are not currently included as part of
Areawide 1 services. The lack of long-term funding for these services has contributed to the delay
in Installing the bridges around the Valencia Town Center.
In an effort to resolve this Issue, City staff attended two meetings with representatives of each of
the Valencia Homeowners' Associations (HOA), Newhall Land and Farming, and the County of
Los Angeles to discuss options for the provision of long-term structural maintenance and liability
coverage for the paseo bridges and underpasses. The cost of these services, prior to any cost
sharing agreements, has been estimated to be between $7 and $10 per household per year. Many
options for paying for the necessary maintenance, replacement and liability Insurance were
discussed. Options ranged from 100% City funding to full funding by the HOA's and Newhall Land
and Farming.
The group reached consensus on the following cost-sharing options:
1. The HOA's and the City would split the ongoing costs for long-term maintenance and liability
coverage for the paseo bridges/underpasses. The HOA's would pay 85% of the total cost, and
the City would pay 15%.
2. Newhall Land and Farming (NLF) agreed to provide $30,000 of "seed money" up front. The
money would be paid In two $15,000 payments.
3. The implementation of the long-term malntenance and liability coverage would be added to Los
Angeles County's Areawide Assessment District 1.
This cost sharing scenario would reduce the annual homeowner assessment to between $5.10 and
$8.50. The City's share would be approximately $15,000 per year.
NLF has previously informed staff that the mail bridges would go up when this issue was
satisfactorily resolved. From the.City's perspective, there is nothing standing in the way of NLF
installing the new bridge over Valencia Boulevard Immediately.
RECOMMENDATION
Direct staff to work with Los Angeles County and Newhall Land and Farming to accomplish the
provision of long-term maintenance replacement and liability coverage for the paseo bridges and
underpasses.
APPROVED
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