HomeMy WebLinkAbout2000-02-08 - AGENDA REPORTS - MOU GVR FUTURE SITE DEV (2)CITY OF SANTA CLARITA
AGENDA REPORT
NEW BUSINESS City Manager Approval:
Item to be presented by:
DATE: February 8, 2000
SUBJECT: MEMORANDUM OF UNDERSTANDING BETWEEN HI -SHEAR
CORPORATION AND THE CITY OF SANTA CLARITA REGARDING
ALIGNMENT OF GOLDEN VALLEY ROAD AND FUTURE SITE
DEVELOPMENT
DEPARTMENT: Transportation & Engineering Services
RECOMMENDED ACTION
City Council approve the Memorandum of Understanding (MOU) between Hi -Shear
Corporation and the City of Santa Clarita; and authorize the City Manager or designee to
execute the MOU, subject to City Attorney approval.
BACKGROUND
The City's General Plan Circulation Element identifies the ultimate roadway network for the
buildout of the General Plan. This network includes Golden Valley Road. This roadway is also
identified in the Bridge and Thoroughfare District and would be an important additional
roadway link to improve travel within the City.
In February 1998, the City Council adopted the alignment for Golden Valley Road. This was
done in conjunction with the William S. Hart Union High School District (District) as part of
their proposed Golden Valley High School.
Analysis
The City has been in negotiations with numerous property owners along the Golden Valley
Road alignment from Sierra Highway to Golden Triangle Road to acquire the right-of-way for
the construction of the road. The City is building a portion of the road, and the Santa Clarita
Business Park Company is building the remaining portion.
This property was a part of the condemnation approved by the City Council on July 13, 1999.
The parcel, which is located along the portion of Golden Valley Road being constructed by Santa
Clarita Business Park, currently has a condemnation hearing scheduled for September 2000.
The location of this 16 -acre parcel is bounded by Santa Clarita Business Park on three sides
and Blue Cross Industries to the east (see attached map). The property owner, Hi -Shear
Corporation, has had discussions with staff about dedicating the required right-of-way in
APPROVED !e�;
MOU BETWEEN HIGH -SHEAR CORPORATION AND CITY OF SANTA CLARITA
February 8, 2000 — Page 2
exchange for development rights similar to the adjacent properties, which are outlined on
Page 3 of the MOU. The appraised value for the portion of the property in the City's possession
is $247,025.00.
The purpose of this MOU is to ensure that Hi -Shear and the City have reached a non-binding
understanding with respect to certain points that are fundamental to the two parties, and
without which the time and effort that will go into the project would not be warranted.
Hi -Shear, the City, and the District recognize that there are significant benefits to all parties
to complete the construction of Golden Valley Road.
ALTERNATIVE ACTIONS
City Council reject the MOU and allow the condemnation process for this portion of
Golden Valley Road to continue.
Other action as determined by the City Council.
FISCAL IMPACT
If the City Council agrees to enter into the MOU with Hi -Shear Corporation, the City could
terminate condemnation proceedings on this portion of Golden Valley Road and all of the
related costs with this process. Therefore, the project would have a positive financial impact.
ATTACHMENTS
Memorandum of Understanding
Maps of Project Site
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SANTA CLARITA BUSINESS PARK
GOLDEN VALLEY ROAD EXTENSION
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LEGEND
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Building Sites in Tract
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ROAD FEE AREA
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I DATE: 6-21-99
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