HomeMy WebLinkAbout09 TRAFFIC SIGNAL BOND 01-03-00 NO. 9
AGENDA o _o _oo
DATE: JANUARY 3, 2000 Inter-Com
TO:
FROM:
SUBJECT:
WILLIAM A. HUSTON, CITY MANAGER
PUBLIC WORKS DEPARTMENT/ENGINEERING DIVISION
RELEASE OF TRAFFIC SIGNAL BOND FOR TRACT 14576 (SERRANO)
SUMMARY
The Public Works Department has determined that a traffic signal is not needed at the
intersection of Pioneer Road and Peters Canyon Road, and is recommending the release of a
traffic signal bond for Tract No. 14576.
RECOMMENDATION
It is recommended that the City Council release Bond No. 7477 in the amount of $100,000.00 for a
traffic signal at Pioneer Road/Peters Canyon Road.
FISCAL IMPACT
None.
BACKGROUND
The subject tract is located between Jamboree Road and Pioneer Road as shown on the attached
exhibit. Finley Street within Tract No. 14576 is the extension of Peters Canyon Road.
As a condition of approval for the Serrano development, the applicant (Greystone Homes, Inc.) was
required to post a bond for a future traffic signal at the intersection of Pioneer Road/Peters Canyon
Road. The Serrano Tract has been completed since 1997 and all other subdivision bonds and
monumentation bonds have been released.
DISCUSSION
The Public Works Department has monitored traffic conditions at this location as development in the
area has progressed. The communities along Pioneer Road contributing traffic to this. location are
nearly completed, and it has been determined that a traffic signal is not warranted at this location.
Release of .this bond will release the applicant's obligation for traffic signal improvements at this
location.
Director of Public Works/City Engineer
Douglasr~. ~,nde-rson
Senior Project Manager-Transportation
Anachmcnt
TDS:DA:Rclcasc of Bond for Trac! No. 14576
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