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11 <br /> THE CITY OF <br /> A.�a <br /> =I - 21:11 "' CITY COUNCIL AGENDA REPORT <br /> pL£ASANTON. <br /> March 1, 2022 <br /> Engineering <br /> TITLE: ALLOCATE FUNDING IN THE AMOUNT OF $34,557 FROM THE STREETS- <br /> CIP GENERAL FUND (FUND 211) AND APPROVE THE REIMBURSEMENT <br /> AGREEMENT FOR ROADWAY WIDENING AT 3520 DENNIS DRIVE <br /> SUMMARY <br /> In 2006, the City approved Parcel Map 8291 (PM 8291), a two-lot subdivision between <br /> Martin Avenue and Dennis Drive. In lieu of improving the subdivision frontage at 3520 <br /> Dennis Drive to full roadway width as part of their improvements, the subdivider was <br /> obligated to deposit with the City the 2006 estimated cost of$26,748 for the street <br /> widening (with interest earned the deposit has increased to $35,443). On November 4, <br /> 2021, City Council approved Ordinance No. 2223, PUD-140, and Vesting Tentative <br /> Parcel Map 11110 (VTPM 11110) for a two-lot subdivision between Martin Avenue and <br /> Dennis Drive, immediately south of and abutting PM 8291. PUD-140 requires the <br /> subdivider to widen the Dennis Drive frontage of their property. <br /> Since roadway widening work is required along the frontage of both 3520 Dennis Drive <br /> and the frontage of VTPM 11110 and widening both sections will complete the needed <br /> widening on Dennis Drive, the VTPM 11110 subdivider has agreed to widen both <br /> frontages as part of their development. The subdivider has requested, however, to be <br /> reimbursed the cost of the widening along 3520 Dennis Drive, currently estimated at <br /> $70,000. In addition to the $35,443 currently available from the 2006 deposit, $34,557 is <br /> needed to reimburse the current estimated cost of widening. <br /> RECOMMENDATION <br /> 1 . Authorize the City Engineer to enter into a reimbursement agreement with the VTPM <br /> 11110 subdivider to improve the frontage of 3520 Dennis Drive utilizing funding <br /> previously submitted by the PM 8291 subdivider. <br /> 2. Authorize a funding allocation in the amount of$34,557 from the Streets CIP — <br /> General Fund (Fund 211) to supplement the previously collected funding for <br /> improvements to the frontage of 3520 Dennis Drive such that the work is fully <br /> funded. <br /> FINANCIAL STATEMENT <br /> An allocation is needed in the amount of$34,557 from the Streets CIP — General Fund <br /> (Fund 211) to fully fund the estimated cost of the roadway widening at 3520 Dennis <br /> Drive. <br />