HomeMy WebLinkAbout15 Soaring Ranch off site Development
AGENDA ITEM #15
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MEETING DATE: February 2, 2022
FROM: Brian C. Wright, General Manager
SUBJECT: Consideration for Approval of Electric and Water Utility Development
Agreements for the Soaring Ranch Off-Site Infrastructure
Improvements
APPROVED BY_______________________________
Brian C. Wright, General Manager
RECOMMENDATION:
Authorize the General Manager to execute electric utility and water utility development
agreements with J-MAR II, LLC. For the Soaring Ranch Off-Site Infrastructure
Improvement project.
DISCUSSION:
District Codes 6.04.030.1/7.12.030.1 New Construction and Upgrades specifies that
applications for new construction and upgrades of water and/or electric services totaling
more than $400,000 require a development agreement presented to the Board for
approval.
Staff has received development applications from the developer group J-MAR II, LLC for
the completion of off-site electric and water utility infrastructure associated with Soaring
Ranch Phase 2.
Developer intends to construct within the Town of Truckee right of way, “off-site
infrastructure improvements to support the Joerger Ranch Specific Plan by completing an
electric line loop from the Soaring Way/Joerger Drive intersection to the TTUSD Bus Barn”,
and a water line loop from the Soaring Way/Joerger Drive intersection to the TDPUD’s
existing water line located adjacent to Riverview Park, hereafter referred to as the "Project."
The Project is to be built in conjunction with a mixed-use development located within the
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Joerger Ranch Specific Plan area known as Soaring Ranch Phase 2. Soaring Ranch
Phase 2 will consist of approximately thirty-three thousand (33,000) sq. ft. of ground level
commercial space and sixty-nine (69) multi-family rental apartments to be located
immediately to the southeast of Soaring Ranch Phase 1.
District and Developer entered into Electric and Water Development Agreements executed
by them on June 5, 2019, pursuant to which Developer agreed to construct and the District
agreed to accept an electric and water distribution system for Developer’s Phase 1 of a
commercial center including Raley’s grocery market and additional retail which is included
within the area subject to the Joerger Ranch Specific Plan. That electric and water
distribution system for Phase 1 has been constructed by Developer and accepted by the
District.
The off-site Project is necessary not only to support the future development within the area
subject to the Joerger Ranch Specific Plan as well as other adjoining areas including the
Truckee Tahoe Airport District; it is necessary to provide resilience and reliability to the
electric and water distribution systems constructed for Developer’s Phase 1 of a
commercial center including Raley’s grocery market and additional retail on Developer’s
property.
Completed plans and specifications for the Project have been submitted by the developer
and have been reviewed and approved by TDPUD staff in accordance with District
requirements.
District Counsel has conducted a legal review of the proposed development agreements.
Staff has reviewed and approved the terms of the agreements.
GOALS AND OBJECTIVES:
1.05.030 Goals
Manage for Financial Stability and Resiliency.
Engage with our customers and communities in a welcoming and transparent
way to identify opportunities.
1.05.020 Objectives
1. Responsibly serve the public.
3. Provide reliable and high quality water supply and distribution system to meet
current and future needs.
4. Provide reliable and high quality electric supply and distribution system to
meet current and future needs.
6. Manage the District in an effective, efficient, and fiscally responsible manner.
FISCAL IMPACT:
There is no direct fiscal impact associated with this item.
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ATTACHMENTS:
1. Electric Development Agreement between the Truckee Donner Public Utility District and J-
MAR II, LLC. Soaring Ranch Off-Site Infrastructure Improvements
2. Water Development Agreement between the Truckee Donner Public Utility District and J-
MAR II, LLC. Soaring Ranch Off-Site Infrastructure Improvements