Council approves Broadstone Crossing Phase 2 development agreement; developer to fund roadway work and pedestrian overcrossing design

The Folsom City Council on Aug. 26 introduced an ordinance to approve a development agreement with Elliott Homes (Broadstone Crossing Phase 2) and voted to advance the agreement after a public hearing.

Desmond Perrington, planning manager, described the project as an 18.7‑acre site at the northeast corner of Iron Point and East Bidwell, previously approved by the planning commission for three office buildings including a medical office building for Sutter. Perrington said project approvals identified traffic congestion at East Bidwell and Iron Point that the developer must address through turn‑lane work, signal timing coordination and, ultimately, a pedestrian overcrossing to improve pedestrian safety and signal operations.

Elliott Homes agreed to pay the full cost of identified roadway improvements and to contribute up to $2.5 million as a fair‑share toward the pedestrian overcrossing. Perrington summarized payment terms: an initial deposit of $1,445,000 is due at the building permit for the Sutter medical center to fund preliminary design, environmental clearance and engineering; an additional deposit of $2,155,000 would be paid later. The city and developer agreed the improvements should be completed within five years, and the agreement requires the developer to donate or dedicate land for bridge footings and other necessary footprints; the deeded land value will be credited toward the $2.5 million maximum.

Price Walker, vice president at Elliott Homes, spoke at the hearing and said the company wants the project to move forward in partnership with the city: "I think we can get things done if we all work together," he told the council. Walker and the developer’s counsel, Chad Roberts, were present. The planning commission had supported the agreement earlier in the month and requested the project be positioned to make the pedestrian overcrossing shovel‑ready; as a result the developer agreed to an initial $1,000,000 deposit specifically to advance design and environmental work for the bridge promptly after the city issues a request for proposals.

Councilmembers asked technical questions about footing locations and project envelopes near the railroad corridor and confirmed the developer will convey the necessary property to avoid taking on private porch or right‑of‑way parcels. Perrington and city staff said the environmental review will identify landing options and alternatives and that right‑of‑way issues will be resolved during design.

The council voted to introduce the ordinance (first reading) and to move forward with the development agreement. The ordinance passed on first reading and the council directed staff to return with final documents and any required consents for final adoption.

Ending: With the DA introduced and initial payments required as conditions of permitting, staff said it will pursue bridge design and seek state and federal funding opportunities to construct the overcrossing.