11-01-2013 BPU RPT 09 - Laserfiche WebLink

Home

RIVERSIDE PUBLIC UTILITIES Board Memorandum P U B L I C U T I L I T I ES BOARD OF PUBLIC UTILITIES DATE: November 1, 2013 ITEM NO: 9 SUBJECT: LICENSE AGREEMENT WITH GENESIS RETAIL PARTNERS, LLC AND TERMINATION OF WESTMINSTER ARLINGTON LLC LICENSE AGREEMENT ISSUE: The item for Board of Public Utilities consideration is approval of a license agreement with Genesis Retail Partners, LLC ("Genesis") and the termination of license agreement with Westminster LLC ("Westminster")for use of a portion of the Riverside Water Company Canal identified as Assessor Parcel Number 225-350-053, (the "Canal"), located north of Arlington Avenue, Riverside. RECOMMENDATIONS: That the Board of Public Utilities recommend that the City Council: 1. Approve the termination of License Agreement with Westminster Arlington LLC; 2. Approve the subject License Agreement with Genesis Retail Partners LLC; and 3. Authorize the City Manager, or his designee, to execute the License Agreement with Genesis Retail Partners LLC and a termination agreement or notice, as appropriate, for the License Agreement with Westminster Arlington LLC. BACKGROUND: The City, through Riverside Public Utilities (RPU), owns the Riverside Water Company Canal (Canal) (Exhibit B). The Canal, as it traverses the Arlington Center Plaza (Center), north of Arlington Avenue, creates a landlocked situation for several parcels located between the Canal and the 91 Freeway. On August 1, 2013, the City entered into License Agreement with Westminster, permitting Westminster access over/above the Canal to be used as part of a retail parking lot. Westminster has sold P a rce 12 of Parcel Map No. 36424 (Exhibit C) to Genesis, and wishes to terminate the license agreement. Genesis wishes to enter into a new license agreement for the continued ingress/egress and parking purposes use of the Canal. All terms and conditions of the new license agreement with Genesis are consistent with the Westminster agreement. As consideration for use of the Canal, Licensees shall be responsible for the continued maintenance of the canal cover, and keep the Canal free of trash and debris. FISCAL IMPACT: There is no fiscal impact associated with the License Agreement.