HomeMy WebLinkAboutSR - C27600 - Trffc Sgnl Imprvmnts @ Hovley LE & EldoradoContract No. C27600
REQUEST:
CITY OF PALM DESERT
PUBLIC WORKS DEPARTMENT
STAFF REPORT
Authorize the Mayor to Execute a Reimbursement Agreement with
Toscana Land, LLC for Construction of a Traffic Signal at the
Intersection of Hovley Lane East and Eldorado Drive
SUBMITTED BY: Mark Greenwood, P.E., Director of Public Works
DATE: April 24, 2008
CONTENTS: Agreement, Vicinity Map
Recommendation:
Staff recommends that Council, by Minute Motion:
1. Authorize the Mayor to execute a reimbursement agreement with
Toscana Land, LLC for construction of a traffic signal at the
intersection of Hovley Lane East and Eldorado Drive, and
2. Appropriate $177,500.00 from unobligated Fund 400 to project
account 400-4392-433-4001.
Discussion:
As part of the 2004 General Plan Update, the intersection of Hovley Lane East and
Eldorado Drive was identified as a location for a future traffic signal. At the time, the
intersection was a three-way stop; Toscana has since developed the land south of
Hovley Lane East near the intersection, and construction of a traffic signal with ancillary
fiber optic interconnect was part of the improvements built. These improvements
benefit the City of Palm Desert and Toscana equally; therefore, the cost will be shared
evenly. The City's portion of the installation of the traffic signal improvements is
$177,353.97.
An agreement has been drafted to allow the City of Palm Desert to reimburse its portion
of the traffic signal project to Toscana Land, LLC. This agreement defines the funding
and future maintenance responsibilities of each party for the construction of the subject
improvements.
Agreement with Toscana Land, LLC
Page 2 of 2
April 24, 2008
A summary of the agreement is as follows:
1. Toscana Land, LLC was the lead agency for the project.
2. The project consists of the installation of traffic signal improvements at
Hovley Lane East and Eldorado Drive.
3. Palm Desert shall be responsible for the cost of the improvements built on
behalf of the City ($177,353.97).
4. After the agreement is executed, Toscana Land, LLC will invoice Palm
Desert for its portion of the cost.
The attached agreement was reviewed and approved by our City Attorney. The
agreement has been executed by Toscana Land, LLC.
Therefore, staff recommends that City Council, by minute motion, authorize the Mayor
to execute the subject Agreement, and appropriate $177,500 to the project account.
Prepared By:
,/
y Gay, A Pinistrator
Approval:
Homer Croy
Assistant Cit anager, Development Services Director of Finance
Department Head:
Mark Greenwood, P.E.
Director of Public Works
Carlos L. Ortega
City Manager
RG/dhl
Paul Gibson
n
::I TY COUNCIL ACTION:
APPROVED .. . DENIED „
RECEIVED OTHER ..
YIEETII1U...D A
AYES: {t r atlj, iecj 1 curs � r
NOES: ,t,/
ABSENT:
ABSTAIN: , t\lr)/1rF'VERIFIED BY: Ki )f<
lriginal 6i 1
on File wil l �j
t`� City Clerk' s Of fir
E
ON
G:\PubWorks\Staff Reports\2008\April 24\05 Reimbursement Agreement Toscana for Traffic Signal\Auth Mayor to execute agmt - Toscana HLE Eldorado signal.doc