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HomeMy WebLinkAbout2000-01-11 - AGENDA REPORTS - GVR PROGRESS RPT (2)CITY OF SANTA CLARITA AGENDA REPORT City Manager Approval Item to be presented by: oree Caravalho KINWO"WrK1�I_ N"I.`;�l DATE: January 11, 2000 SUBJECT: GOLDEN VALLEY ROAD PROGRESS REPORT DEPARTMENT: City Manager RECOMENDED ACTION Receive staff progress report on Golden Valley Road project. BACKGROUND On October 26, 1999, the City Council requested that a progress report on Golden Valley Road be brought to each Council meeting. Each report will give the status of the road in relation to the Porta Bella Development and the proposed Golden Valley Road Interchange. On November 9, 1999, the Council received its first progress report. 1. Golden Valley Road/School Site • Phase I On December 23, 1999, the City gained possession of all the property necessary for the continuation of the road planning and construction. A few changes have occurred with the opening and awarding of the bid to grade Phase I of Golden Valley Road/School Site. Originally, the opening of the bid was scheduled for December 29, 1999, and the awarding of the bid was scheduled for the January 11, 2000 Council meeting. The new dates for the opening and awarding of bids are as follows: January 11, 2000 Opening of Bids January 25, 2000 Awarding of Bid The new timeline takes into account the School District's need to have soil test results before the awarding of the bid. The results will not be complete until after the agenda deadlines for the January 11, 2000 Council meeting. The decision to postpone the opening and awarding of the bid was made so that the School District would have the necessary information to make a determination of whether to proceed with the project. Awarding the bid on the January 25, 2000 Council meeting will allow for this to take place. RECEIVED a " ' a GOLDEN VALLEY ROAD PROGRESS REPORT January 11, 2000 Page 2 2. Golden Valley Road Phases H & III The City Manager and the Director of Administrative Services have met with the applicant several times since the last report and have negotiated an agreement to have the applicant pay an additional fee. To date, the applicant has agreed to pay a fee that would be used exclusively for the Golden Valley Road Interchange. The agreement is being finalized, and staff should have an agreement to the Council within the next few weeks. In addition, Santa Clarita Business Park is working on submitting their proposed plan for the 38 -acre piece of property at the end of Ruether Avenue to the City's Planning Department for review. This portion of their property will be included as future phases of their business park planned for the area. Construction planning is proceeding on schedule. This week, Spirit Properties is finalizing relocation of utilities on the future site of Golden Valley Road Phases II & III. a) Santa Clarita Business Park Community Facilities District Spirit Properties will be asking the City Council to reduce their maximum allowable bond amount to $18 million from their previously approved $33 million. Spirit Properties has chosen to do this since the value of publicly financing their project's in -tract infrastructure was marginal compared to seeking private financing. The new amount will allow Spirit Properties to construct Phases II & III and a small portion of their in -tract infrastructure with CFD financing. Staff will be bringing a report and resolution for the Council to take action at the January 25, 2000 Council meeting. As part of the above changes, a new special tax report will be prepared, along with all other financial documents. Currently, staff is working closely with the City's financial advisors in finalizing the necessary paperwork to sell bonds. As part of the process, staff will be bringing a resolution, authorizing the issuance and sale of the first series of bonds to the City Council for approval on February 22, 2000. Since the construction of Phases II & III of Golden Valley Road are closely tied to Phase I, bonds will not be issued until the awarding of the Phase I contract for Golden Valley Road/School Site. Staff will also be asking the Council to approve a Fiscal Agent Agreement, Continuing Disclosure Agreement, Bond Purchase Agreement, and a Preliminary Official Statement, including draft Appraisal Report and Absorption Study on the same night. All the agreements are necessary and standard financial documents for taking a bond sale to the market. GOLDEN VALLEY ROAD PROGRESS REPORT January 11, 2000 Page 3 b) Status of Porta Bella Clean-up Related to Golden Valley Road The DTSC and Santa Clarita LLC, the owners of the Porta Bella property, are continuing their remediation efforts on the Porta Bella site. For clean-up purposes, the site has been divided into six Operable Units (OU's), according to DTSC regulations. The DTSC was expected to provide a letter of No Further Action (NFA) for the portion of Golden Valley Road right-of-way that extends along the site's eastern boundary by mid-November 1999. This would have enabled the grading and construction of Golden Valley Road to commence on the Porta Bella site. To date, the City has not received a letter clearing the property for road construction. DTSC reported to the City that the NFA letter should be available by the last week in January 2000. 3. Proposed Golden Valley Interchange Concepts and Costs Council approved the Feasibility Report during the November 30, 1999 Council Meeting and authorized staff to move forward with the preliminary design and environmental assessment phase of the project, subject to evaluation of any additional at -grade alternatives submitted by the Soledad Canyon Improvement Alliance before December 17, 1999. The Alliance met with City staff on Thursday, December 12, 1999, to present their proposed at -grade alternatives. They are proposing to construct an interim at -grade crossing to allow easier access to the Santa Clarita Business Park until construction of an interchange becomes feasible. Given that ASL's (consultant) Feasibility Report concentrates on an ultimate and permanent solution for the Golden Valley Road and Soledad Canyon Road connection, and not an interim one, City staff will proceed with the second phase of the project, and the Alliance will continue developing their interim proposal independent of the City's project. 4. Golden Valley Road - Sierra Highway to SR14 (Project Description) The eastern portion of Golden Valley Road is included in a proposed subdivision by Newhall Estates LLC (Hank Heeber and others). The project includes the subdivision of 53.40 acres into 176 residential units and the construction of Golden Valley Road, from Green Mountain Drive to Sierra Highway. The project is currently in the initial phases of the preparation of an Environmental Impact Report. GOLDEN VALLEY ROAD PROGRESS REPORT January 11, 2000 Page 4 The scoping meeting for the EIR was held on November 10, 1999. Approximately twenty people attended the meeting. The EIR is being prepared with a March or April 2000 distribution date. The Council can expect more information in the future as the project develops. ALTERNATIVE ACTION None. FISCAL IMPACT None. ATTACHMENTS None. GAC:FO:hds w�aus�an�.v.a«