Agenda Item Wording:
title
Developer Reimbursement Agreement - Authorize the City Manager to execute the reimbursement agreement for improvements of Caldwell & Demaree Garden Unit located at the southwest corner of South Demaree Street and West Packwood Avenue
body
Deadline for Action: 10/7/2024
Submitting Department: Community Development
Contact Name and Phone Number:
Luqman Ragabi, Associate Engineer - (559)713-4271, Luqman.ragabi@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 $198,813.04 for improvements constructed along Demaree Street and Chinowth St, associated with the Caldwell & Demaree Garden Unit subdivision.
Background Discussion:
The Caldwell & Demaree Garden Unit Subdivision, developed by San Joaquin Valley Homes, involved the subdivision of 19.03 acres into 91 residential lots and the completion of frontage improvements along Demaree Street and Chinowth Street. All required improvements for this subdivision have been completed and accepted by the City.
As per the Subdivision Improvement Agreement, arterial and collector roadway improvements were required along the project street frontages. Chinowth Street is identified as a funded collector in the City's Circulation Element and Transportation Impact Fee program. Consequently, portions of the required public improvements along Chinowth Street are eligible for reimbursement under the City's impact fee programs.
Additionally, the development required traffic signal improvements at the intersection of Packwood Ave and Demaree St to allow for a fully functioning intersection. The installation of this signal and associated improvements are also reimbursable by the City.
The total amount to be reimbursed to the developer is $198,813.04 for the excess in...
Click here for full text