HomeMy WebLinkAbout2009-10-27 - AGENDA REPORTS - EASTSIDE B&TDIST REIMBURSEMENT (2)CONSENT CALENDAR
DATE:
SUBJECT:
DEPARTMENT
Agenda Item:
CITY OF SANTA CLARITA
AGENDA REPORT
City Manager Approval:
Item to be presented by:
October 27, 2009
APPROPRIATE FUNDS FOR EASTSIDE BRIDGE AND
THOROUGHFARE DISTRICT REIMBURSEMENT
Public Works
RECOMMENDED ACTION
City Council appropriate $344,800 from the Eastside Bridge and Thoroughfare District (District)
fund balance to Account 14404-5161.001 for payment to the developer for reimbursement of the
costs to complete public improvement projects on Sand Canyon Road within Tracts 47786,
47785, and 37802 within the District.
BACKGROUND
The District was formed to provide funding for the construction of road -related 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. The developer is
requesting that the City reimburse the costs of constructing roadway -related improvements on
Sand Canyon Road within Tracts 47786, 47785, and 37802. 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 the Developer is $344,800.
ALTERNATIVE ACTIONS
Other action as determined by the City Council.
FISCAL IMPACT
Appropriate $344,800 from the Eastside Bridge and Thoroughfare District fund balance to
Account 14404-5161.001 for reimbursement of the costs to complete the public improvement
project on Sand Canyon Road.
ATTACHMENTS
None.
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