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RIVERSIDE PUBLIC UTILITIES P b 9 ; r 1 E S Board Memorandum BOARD OF PUBLIC UTILITIES DATE: August 20, 2010 ITEM NO: 6 SUBJECT: SURPLUS PROPERTY DECLARATIONS AND CONVEYANCES IN CONNECTION WITH THE SR-91 IMPROVEMENT PROJECT ISSUE: That the Board of Public Utilities consider certain surplus property declarations and the disposition of various Utility property interests in connection with the State Route (SR) 91 Improvement Project. RECOMMENDATIONS: That the Board of Public Utilities recommend that the City Council: 1. Declare nine parcels (or portions thereof} as surplus to the current and anticipated needs of the Utility; 2. Similarly declare these parcels as surplus and approve their sale to the Riverside County Transportation Commission ("RCTC"); 3. Approve the permanent and temporary easement conveyances described below and granting same to the RCTC; and 4. Authorize the City Manager,or his designee,to execute the documents necessaryto implement the transactions described above. BACKGROUND: The Riverside County Transportation Commission (RCTC), in cooperation with the California Department of Transportation, is proceeding with its plans to construct improvements to certain portions of SR-91 (SR-91 Improvement Project,the"Project")within Riverside. The Project will add one High Occupancy Vehicle lane in each direction between Adams Street and the SR-6011-215 Interchange. To facilitate the Project, RCTC wishes to acquire from the City several portions pf fee-owned Utility parcels, permanent easement rights and temporary construction easements, as shown on the attached Exhibit A. Staff analysis concludes that the disposition of the fee-owned Utility parcels, and granting of the specified permanent easements and temporary construction easements will have no adverse effect. RCTC has made offers far each affected parcel based on independent appraisals,which staff has reviewed and determined to be fair and just compensation. FISCAL IMPACT: The total for the land sale and easement conveyances total $1,445,466. Proceeds will be credited to Water Fund Account No. 0000520-380010, as a reserve for future property acquisitions.