FROM:
Engineering
SUBJECT:
Title
Approve Reimbursement Agreement with HDO4, LLC for Construction of Traffic Signals at Duncan Canyon Road/Citrus Avenue and Duncan Canyon Road/John Previti Avenue
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RECOMMENDATION:
Recommendation
1. Approve and authorize the City Manager to execute a Reimbursement Agreement with HDO4, LLC for the construction of traffic signals at Duncan Canyon Road/Citrus Avenue and Duncan Canyon Road/John Previti Avenue, in an amount not to exceed $ 2,398,531.00.
2. Approve appropriation and allocate the amount of $ 2,398,531.00 from Fund 604 Measure T.
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COUNCIL GOALS:
• To invest in the City’s infrastructure (streets, sewers, parks, etc.) by providing for the development of new infrastructure.
• To invest in the City’s infrastructure (streets, sewers, parks, etc.) by focusing on relief of traffic congestion.
DISCUSSION:
The City has determined that a number of existing and future intersections will be significantly impacted by current and projected traffic, based on traffic studies related to developments in surrounding communities north of I-210 and east of I-15. Furthermore, these studies have validated the need for traffic signal installation at various locations, including Duncan Canyon Road/Citrus Avenue and Duncan Canyon Road/John Previti Avenue.
Currently, the intersection of Duncan Canyon Road and Citrus Avenue is not signalized, and residents are experiencing challenges navigating the large unsignalized intersection, especially during windy and rainy conditions. A future intersection at Duncan Canyon Road and John Previti Avenue is expected to face similar challenges due to ongoing and planned developments.
The developer, HDO4, LLC, has proposed to construct two traffic signals to improve circulation and enhance public safety. They have requested a reimbursement agreement. Approval of this agreement will allow the improvements to be constructed earlier than initially planned with other developments, further enhancing access and circulation within the community. In addition, future developments will benefit from these improvements.
Since the developer will be reimbursed for both hard and soft costs, they will not seek any development impact fee credits.
FISCAL IMPACT:
The cost associated with the approval of this item is $ 2,398,531.00 and will be funded with Measure T (Fund 604). All necessary budget adjustments will be included in the next FY2024-25 Quarterly Budget Report.
MOTION:
Approve staff recommendation.