HomeMy WebLinkAbout2006-06-13 - AGENDA REPORTS - BOUQUET CYN B&TDIST (2)CONSENT CALENDAR
DATE:
SUBJECT:
117X1.7411011iUF1:Q 6
Agenda Item: 4—
CITY OF SANTA CLARITA
AGENDA REPORT
City Manager Approval:
Item to be presented by:
June 13, 2006
APPROPRIATE FUNDS FOR BOUQUET CANYON BRIDGE
AND THOROUGHFARE DISTRICT REIMBURSEMENT
Public Works
RECOMMENDED ACTION
City Council appropriate $166,814.12 from the Bouquet Canyon Bridge and Thoroughfare
(B&T) District to Account No. 4361-8001 for payment to Williams Homes, Inc. for
reimbursement of the costs to complete public improvement projects within the District.
BACKGROUND
The Bouquet Canyon B&T District was formed to provide funding for the construction of road
improvements that are part of the General Plan's Circulation Element and identified in the
District formation document. The District includes territory within the City of Santa Clarita.
The District was adopted by the City Council on March 26, 2002.
The formation of the District includes provisions obligating the City to provide reimbursement or
credit for the costs incurred to construct the District's identified improvements. Williams Homes,
Inc. has requested that the City reimburse the costs of constructing roadway improvements on
Bouquet Canyon Road. This work has been completed by the developer and accepted by the
City, and qualifies as District improvements. The total amount to be reimbursed to Williams
Homes, Inc. is $166,814.12.
The current balance of the District's account is approximately $1,227,052.00. Should the
City Council approve this reimbursement request, the Bouquet Canyon B&T District will retain
an available balance of $1,060,237.88. This amount is sufficient for the anticipated future needs
identified for funding via the Bouquet Canyon B&T District.
ALTERNATIVE ACTIONS
Other action as determined by the City Council.
FISCAL IMPACT
Appropriate $166,814.12 from the Bouquet Canyon Bridge and Thoroughfare District to Account
No. 4361-8001. The District has a current available balance of approximately $1,227,052.00.
The reimbursement to Williams Homes, Inc. of $166,814.12 will leave a remaining available
balance of $1,060,237.88.
ATTACHMENTS
Williams Homes, Inc. Request for Reimbursement dated January 10, 2006
WILLIAMS HOMES, INC.
January 10, 2006
Attention: Ian Pan
City of Santa Clarita
23920 Valencia Blvd.
Suite 302
Santa Clarita, CA 91355
Re: B&T Reimbursement
Sonrisa Tract 54349
Dear Ian:
Please find attached our request for B&T Reimbursement for our Sonrisa project. We
respectfully request a cash reimbursement of $166,814.12.
If you have any questions or comments, please do not hesitate to contact me at 222-9207
X105.
Yours truly,
Linda Callas
Controller
LC/klb
attachment
cc: Lance Williams
21080 Centre Pointe Parkway, Suite 101
Santa Clarita, CA 91350
(661) 222-9207 Fax: (661) 222-9209