MO 2002-055 to 2002-060 - Laserfiche WebLink

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•- \ i i i/�i � •y+ acceptable levels until sometime after year 2006 and before year 2025, when the DavislDoolittle intersection mitigation measures are employed, a significant relief of traffic congestion will be realized (LOS F to LOS D in 2025) reducing delay by almost 50%. Similar improvements can also be realized with the project in year 2006 with over a 40% reduction in delay from delay levels without mitigation. Therefore, the Subdivider/Developer proposes a, more immediate solution to relieve traffic congestion in the area as follows: a. The Subdivider shall advance the total costs of improvements (including right-of-way acquisition, design and construction) required at the intersection of Davis Street and Doolittle Drive (Options 1 & 2 combined) identified subsequent to the Traffic Study. The extent of these improvements and alternative must be approved by the Engineering and Transportation Department and Caltrans. The preliminary construction cost estimate for required improvements (Option 1 &2 combined) for Davis Street and Doolittle Drive intersection prepared by Engineering and Transportation Department dated July 30, 2002 is approximately $872, 000. The improvements in Option 1 & 2 shall include but are not limited to additions of Davis Street eastbound right turn lane, Davis Street westbound right turn lane, and Doolittle Drive northbound right turn lane; median modifications; new striping; demolitions of existing improvements; right of way acquisition; and a new 8-phase traffic signal. 15% of the improvement costs shall be the ultimate responsibility of the Subdivider and shall not be reimbursable. The remaining 85% of total improvement costs shall be reimbursed to the Subdivider through the establishment of traffic impact fees for the area. The details and mechanism for these traffic. impact fees shall be determined by staff and presented to the City Council at a date subsequent to the approval of the Subdivision, for consideration and approval. Traffic impact fees collected by the City shall be forwarded to the Subdivider as credit for the Developer's 85% reimbursable contribution. At the end of five years, after Council's initial acceptance of the subdivision, City agrees to reimburse the Subdivider the difference .between 85% of the total improvement costs and all collected traffic impact fees for the intersection improvements. This reimbursement shall represent improvement costs which are not attributable to the Subdivider's development. Subdivider shall work with staff to assiduously pursue all possible legal means to assure the most timely completion of the Intersection Improvement Project. The design for such improvements shall be completed and approved by the City and Caltrans prior to the issuance of the first certificate of occupancy for the development. b. Notwithstanding the foregoing the Developer shall, promptly, upon approval of the proposed subdivision and development by City