04-02-15 BPU RPT 12 - Laserfiche WebLink

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W A 'C k R E N f k 4ri 'Y 1_ S S f( RIVERSIDE PUBLIC UTILITIES a mmM. m, Board Memorandum PU B L .I C U I :I: L .I.. .I I E S BOARD OF PUBLIC UTILITIES DATE: APRIL 2, 2015 ITEM NO: 12 SUBJECT: SURPLUS PROPERTY DECLARATION/SALE AND DISPOSITION OF A PORTION OF ABANDONED RIVERSIDE WATER COMPANY CANAL - KARGER CORPORATION ISSUE: The issue for Board of Public Utilities consideration is approval of the surplus property declaration and the Purchase and Sale Agreement for the disposition of an abandoned Riverside Water Company Canal parcel ("Canal"), identified by Assessor Parcel Number 135-280-041, and located along Indiana Avenue, easterly of Buchanan to Karger Corporation in connection with the recordation of Tract Map No. 34236. RECOMMENDATIONS: That the Board of Public Utilities recommend that the City Council approve: 1. The declaration that 17,165 square feet of abandoned Riverside Water Canal Company parcel is surplus to its needs; 2. The Purchase and Sale Agreement for the net fee transfer of 7,115 square feet of the abandoned Riverside Water Company Canal property to Karger Corporation for$2,900; and 3. The acceptance of 10,050 square feet of street right of way per recordation of Tract Map No. 34236. BACKGROUND: The City of Riverside Public Utilities Department's (RPU) acquisition of the Riverside Water Company (RWC) in 1961 included various easements and fee parcels within the City, inclusive of the subject property. In 1893, prior to the City's acquisition of the RWCC, RWCC granted a public road easement over one half of the Canal to the City for what is known today as Indiana Avenue, easterly of Buchanan Street. The Karger Corporation owns approximately 4.75 acres located along Indiana Avenue at Buchanan Avenue. In order to divide this property into seven residential lots, Karger filed an application for the filing of a tract map. On December 12, 2014, the Board of Public Utilities approved modifying the City's service boundary agreement with Western Municipal Water District in order to allow RPU to provide water service to this new development. This modification was subsequently approved by the City Council on January 6, 2015. The current issue before the Board is the sale of 7,115 square feet of abandoned RWCC property to Karger (the remaining 10,050 square feet were previously granted to the City as street right of way in 1893). As currently configured, Karger can only access its development property by crossing over the abandoned Canal parcel on the north. Staff is proposing the sale and transfer of the entire 17,165 square feet Canal parcel to Karger. The recordation of the Quitclaim Deed to Karger will be concurrent with the recordation of tract map, in which 10,050 of street right of way will be dedicated back to the City (see the attached Tract Map No. 34236). Karger will pay RPU $2,900 for the remaining 7,115 square foot vacant Canal property.