Title
Consider/Discuss/Act on a Resolution Authorizing the City Manager to Enter into a Facilities Agreement with DD Ballfields, LLC for the Developer to Contribute the Funds for the Installation of Traffic Signal at Alma Road / Cendana Craig Ranch Apartment Driveway.
Summary
COUNCIL GOAL: Direction for Strategic & Economic Growth
(1A: Establish regional and infrastructure incentives to increase economic growth)
MEETING DATE: April 16, 2024
DEPARTMENT: Development Services / Engineering
CONTACT: Thuan Huynh, P.E., Transportation Engineering Manager
Shelley Lang, P.E. Assistant Director of Engineering
RECOMMENDED CITY COUNCIL ACTION:
* Approval of Resolution
ITEM SUMMARY:
* This Resolution authorizes the City Manager to enter into a Facilities Agreement with DD Ballfields, LLC for the developer to contribute the funds for the installation of a traffic signal at the intersection of Alma Road and Cendana Craig Ranch Apartment driveway.
* The estimated cost for design, equipment and construction of a new signal light is $572,292.52.
* DD Ballfields, LLC is funding one-third (1/3) of the total cost for design, purchase of traffic signal equipment and the installation of the traffic signal and the City will fund the remaining two-thirds (2/3).
* DD Ballfields, LLC paid for the design of the signal in the amount of $32,491.97.
* DD Ballfields, LLC will contribute the remaining developer contribution of $158,272.20.
* The City will fund $381,528.35 as part of CIP TR2268.
* An increase in developer contribution amount from $120,000.00 to $158,273 will be reflected in a budget amendment.
* Based on the lead time of equipment, this project is planned to start construction on September 9, 2024.
BACKGROUND INFORMATION:
* There is a companion item on the April 16, 2024 City Council regular agenda which includes a budget amendment to increase the developer contribution amount to fund for the installation of a traffic signal at the intersection of Alma Road a...
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