TITLE
Recommendation to authorize City Manager to execute an agreement with Home Depot, in the amount of $232,500, for payment of its fair-share of the cost of implementing proposed improvements at the I-405 Southbound Ramps at Orange Avenue intersection. (District 7)
DISCUSSION
The City of Signal Hill has granted its approval for the construction of a new Home Depot on the northeast corner of the intersection of Atlantic Avenue and Spring Street. Recognizing certain traffic impacts created by such a development, the City of Signal Hill has conditioned the developer to work with the City of Long Beach to implement a number of related site access and traffic mitigation improvements. One of these improvements involves the signalization of the I-405 Freeway Southbound Ramps at Orange Avenue within the City of Long Beach.
The traffic study completed for the environmental impact report (EIR) for the Home Depot development concluded that existing traffic conditions at the I-405 Freeway Southbound Ramps and Orange Avenue warrant the installation of a traffic signal. In addition, considering the projected traffic generated by the Home Depot and other potential future developments in the area, as well as traffic safety, the realignment of the off-ramp and traffic signalization are necessary in order to fully mitigate the impacts of the future traffic demand at the intersection.
The proposed traffic-related improvements at this intersection consist of the installation of a traffic signal and the widening of the existing off-ramp in order to realign the free right-turn portion of the off-ramp into a standard perpendicular intersection with Orange Avenue. Any proposed improvements at the intersection will require Caltrans concurrence and approval.
The cost of the ramp realignment and signalization of the intersection has been estimated at $1.5 million. The estimated fair-share contribution from Home Depot for these improvements, as identified in the...
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