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HomeMy WebLinkAbout31-Public Works ... From: ROGER G. HARDGRAVE, Director Public Works/Engineering November 17, 1988 "~"'1 '-' File No. 1~.~O.68 - REQUEST FOR COUNCIL ACTION ",t'. .vv. t\Etlibi~t: -Au~~zation to Proceed: ..n,~?J "'a 1!iI & Kenda 11 Drive Area _ ~ sf,..".."" . ...,,,,, M''''''.~ - \..,.. CITY OF SAN BERNARDINO Dept: Date: Synopsis of Previous Council action: 5-23-88 Policy adopted that no development be approved in the Verdemont area until a financing plan for improvements has been approved by the Mayor and Council. 6-20-88 Cl arifi ca ti on of Council acti on of 5-20-88 regarding development of Verdemont financing plan made. 10-3-88 Approval of IPD Amendment proposal, relative to Policy #12 concerning Verdemont Infrastructure requirements, tabled. Recommended motion: That the City Engineer and City Clerk are authorized to proceed with initiating proceedings for the establishment of an assessment district under the provisions of Chapter 12.90 of the San 8ernardino Muncipal Code and that the City Engineer is directed to prepare an Engineer's Report for the proposed installation of traffic signals at the intersection of Palm Avenue and Kendall Drive and for the construction of a box culvert at Palm Avenue and the Cable Creek Channel, in the City of San Bernardino. '" J..., R'bb"'. ""'g "" "'""".", .~ ~_~ James Richardson, Dep. City Adm. Development ~ ~~ Signature Contact person: Verne Nadeau Phone: 3114-50?6 Supporting data attached: Staff Report. Map Ward: 5 FUNDING REQUIREMENTS: Amount: NON!' Source: (Acct. No.) IAcct. Description) Finance: Council Notes: AnAnrta ItAm Nn :3/ . CITY OF SAN BERN~DINO - REQUEST F~ COUNCIL ACTION STAFF REPORT Some residents of the Verdemont area have requested that traffic signals be installed at Palm Avenue and Kendall Drive, and a box culvert be constructed on Palm Avenue at Cable Creek. In response to these requests, staff was directed to prepare a Verdemont Area Infrastructure Financing Plan, to identify how these improvements could be financed at this time, instead of waiting until sufficient fees were collected from developments. A plan has been prepared in response to this directive. Financing for these improvements is shown on this plan to be derived through an assessment district. The tentative boundaries of the district are shown on the attached map. Since none of the developed parcels within the district have paid fees to help finance the cost of these improvements, it is proposed that all parcels, both developed and undeveloped, be assessed. It is anticipated that the traffic signals will cost about $120,000 and the box culvert about $636,000. Since we will not be able to "up front" the $756,000 from City funds, it will be necessary to sell bonds or secure a loan from the Redevelopment Agency. Estimates of costs and source of funding will be identified in the Engineer's Report. . Establishing an assessment district requires at least 3 to 4 months. Therefore, we recommend that authori za ti on to proceed be granted so the proceedi ngs can be started. 11-17-88 75.0264 '. I"""~ - -- - I.uI~C"~L"I'S I I Ii: I' " " l?~ " " .' " -:......"':!) r- ~ ~ , , \ I 5 6: 11-17-88