HomeMy WebLinkAbout2001-06-12 - AGENDA REPORTS - VALENCIA B&T REIMBURSEMENT (2)CITY OF SANTA CLARITA
AGENDA REPORT
CONSENT CALENDAR City Manager Approval:
Item to be presented by: Ltis L. Nay
DATE: June 12, 2001
SUBJECT: ESTABLISH BUDGET FOR VALENCIA BRIDGE AND THOROUGHFARE
DISTRICT REIMBURSEMENT
DEPARTMENT: Transportation & Engineering Services
RECOMMENDED ACTION
City Council appropriate $7,550,491.69 to Account No. 4364-8001 from the Valencia Bridge and
Thoroughfare District's fund balance for reimbursement to the Newhall Land & Farming
Company for public improvement projects within the District.
BACKGROUND
The Valencia Bridge and Thoroughfare District (District) was formed to provide funding for the
construction of road improvements that are a part of the General Plan's Circulation Element
and identified in the District formation document. The District includes territory within the
City and Los Angeles County. The District was adopted and amended by the City Council on
January 12, 1999, and September 28, 1999, respectively, and approved by the County
Board of Supervisors on July 27, 1999.
The formation documents of the District include provisions obligating the City to provide
reimbursement or credit for the costs incurred to construct the District's identified
improvements.
The Newhall Land & Farming Company (NLF) has requested that the City reimburse the costs
of constructing roadway and bridge improvements on Newhall Ranch Road, McBean Parkway,
and Avenue Scott in the Bridgeport area (see attachment). These improvements have been
completed by the developer and accepted by the City, and qualify as District improvements. The
attached letter dated April 4, 2001, to the City from the County attests to the fact that the
supporting documentation has been reviewed and that NLF is entitled to over $12.2 million for
the work. In a reimbursement request by NLF, the developer requests that this amount be
reduced by its pre -district obligation to the District of approximately $4.7 million, for an
amount of $7,550,491.69.
The current balance of the District's account is approximately $13,114,900.00. After this
reimbursement, the District will retain a balance of $5,564,407.00. This amount is sufficient
for the anticipated needs of the District's funds.
Agenda Item
APPROOM g
VALENCIA B&T DISTRICT REIMBURSEMENT
June 12, 2001— Page 2
ALTERNATIVE ACTION
Other action as determined by the City Council.
FISCAL IMPACT
The District has a current balance of approximately $13,114,900.00 The payment to NLF of
$7,550,491.69 will leave a remaining balance of $5,564,407.00.
ATTACHMENT
Los Angeles County Letter dated April 4, 2001
WFW:tw
council\w alreimbursment.dm
JAMES A. N'OYES. Director
COUNTY OF LOS ANGELES
DEPARTMENT OF PUBLIC WORKS
900 SOUTH FREMONT AVENUE
ALHAMBRA. CALIFORNIA 91803-1331
Telephone: (626) 458.5 100
ADDRESS ALL CORRESPONDENCE TO:
P.O. BOX 1460
ALHAMBRA. CALIFORNIA 91802-1460
IN REPLY PLEAS
REFER T -FILE: D-10
April 4, 2001
Mr. Tony Nisich, Director
Transportation and Engineering Services
City of Santa Clarita
23920 Valencia Boulevard, Suite 300
Santa Clarita, CA 91355
Attention Mr. Robert Newman
Dear Mr. Nisich:
VALENCIA BRIDGE AND MAJOR THOROUGHFARE (B&T) DISTRICT
REIMBURSEMENT REQUEST FOR DISTRICT PROJECTS
As discussed with your staff, we received a request from Newhall Land Company (NL) for
full cash reimbursements for Valencia B&T District Project Nos.1 and 2, and for 75 percent
cash reimbursements for Project Nos. 3, 4, 5, and 6, as shown on the enclosed chart.
our prior understanding with NL is for the District to grant up to 75 percent cash
reimbursements of the Board -approved District Report project cost estimates upon
verification of project completion. The balance, up to actual construction cost, would be
reimbursed after review and approval of their final construction cost accounting records.
We reviewed the supporting documentation and determined that NL is entitled to a total of
$12,261,802.69 for the work completed (see enclosed breakdown). The costs of those
projects are consistent with the Valencia District Report project cost estimates.
RECEIVED
APR 0 9 2001
transportation & Engineering Services
City of Santa Clarita
Mr. Tony Nisich
April 4, 2001
Page 2
Since all of the aforementioned projects are located within of the City of Santa Clarita, we
hereby request that your City reimburse the requested amount to NL from your City's
Valencia B&T District Fund. However, if there are insufficient funds available, we will make
arrangements to reimburse the difference from the County's District funds.
If you have any questions regarding this matter, please contact Mr. Barry S. Witler of my
staff at (626) 458-4351.
Very truly yours,
JAMES A. NOYES
Director of Public Works
THOMAS W. HOA ND
Assistant Deputy Director
Land Development Division
JKC:jkc/sh/jmw
P:LDPUMTRANSPLAN MCICITY PROJECT REFUND
Enc.
cc: Newhall Land Company (Barbara Butki, Barbara Fortman)
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