Work already underway on a new stretch of Rosamond Parkway would be paid back with up to $866,636 in city money under an agreement the Anna City Council is scheduled to consider Tuesday, Oct. 27.
The item, on the consent agenda, is a subdivision improvement agreement with 3 Bad Hombres, LLC, the developer of Shadowbend Commercial. Under it, the developer dedicates right-of-way and builds two lanes of Rosamond Parkway from just east of Langdon Drive to State Highway 5. The staff report describes that piece as the westbound two-lane section of the road.
City staff also asked the developer to add a crossover just west of Langdon Drive, which the report says will let the intersection run more efficiently once construction is finished. The report says the developer is already building the improvements.
Where the money comes from
The resolution caps reimbursement at $866,636 in two parts:
- up to $751,700 from roadway impact fees for the Rosamond Parkway lanes
- up to $114,935 from other available city funds for the Rosamond Parkway to Langdon Drive connection and crossover
Staff say this section of Rosamond is on the city's 10-year roadway capital improvement plan, which is what makes it eligible for impact fee money. The developer agreed to build the road in exchange for roadway impact fee credit, according to the staff report.
Payments would not be automatic. The resolution says each one depends on verification of actual eligible costs, city acceptance of the work and the agreement's other conditions, and any increase in the caps would need another council vote.
