Agenda Item Wording:
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Developer Reimbursement Agreement at Visalia Parkway - Authorize the City Manager to execute the reimbursement agreement for improvements of Visalia Parkway Phase 1 from Woodland Ave to Mooney Boulevard.
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Deadline for Action: 9/3/2024
Submitting Department: Community Development
Contact Name and Phone Number:
Sarah MacLennan, Assistant Engineer - (559)713-4271, sarah.maclennan@visalia.city Chris Crawford, City Engineer - (559) 713-4331, chris.crawfrod@visalia.city Jason Huckleberry, Director of Eng & Building- (559)713-4495, jason.huckleberry@visalia.city
Department Recommendation:
Staff recommends authorizing the City Manager to execute the reimbursement agreement in the amount of $1,910,923.43 for improvements constructed along Visalia Parkway, from Woodland Ave to Mooney Boulevard, associated with the commercial development at the southwest corner of Mooney Blvd and Visalia Parkway.
Background Discussion:
The Visalia Parkway commercial center, a 28.7-acre commercial site located at the southwest corner of Mooney Boulevard and Visalia Parkway, was approved in March 1, 2022. Per the project conditions of approval, Visalia Parkway was required to be widened to its ultimate southerly right of way limits along the parcel frontage, as well as westerly to Dans Lane. The Visalia Parkway widening was to be completed in two phases with the first phase to be along the development frontage from Mooney Boulevard to Woodland Street. The second phase is to extend Visalia Parkway improvements to Dans Lane. Phase 1 improvements consisting of street widening, concrete medians, utilities, and a new traffic signal at the commercial entrance are nearing completion. A separate agreement for Phase 2 improvements will be processed soon, as that work will begin later this year.
Under Resolution No. 2008-58, adopted by City Council on December 1, 2008, the City will reimburse the developer for a portion of improvements made to st...
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