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LN A T E R E N E R G Y I . W& PL B L I C LITILITIES BOARD OF PUBLIC UTILITIES RIVERSIDE PUBLIC UTILITIES Board Memorandum DATE: AUGUST 8, 2016 ITEM NO: 6 SUBJECT: AGREEMENT FOR CONVEYANCE OF EASEMENTS FROM MACY'S WEST STORES, INC. TO CITY OF RIVERSIDE FOR THE RIVERSIDE TRANSMISSION RELIABILITY PROJECT AT 3475 AND 3535 TYLER STREET WITHIN THE CITY OF RIVERSIDE APNS 234 - 020 -010, 234 - 020 -045, AND 234 - 020 -046 — WORK ORDER 642975 FOR $106,100 ISSUES: Recommend that the City Council approve the Agreement for Conveyance of Easements from Macy's West Stores, Inc. and an expenditure not to exceed of $106,100 for the purchase of the easements on Assessor Parcel Numbers 234 - 020 -010, 234 - 020 -045, and 234 - 020 -046 located at 3475 and 3535 Tyler Street, Riverside, CA. RECOMMENDATIONS: That the Board of Public Utilities: 1. Recommend that the City Council approve the Agreement for Conveyance of Easements with the property owner, Macy's West Stores, Inc. for easements on Assessor Parcel Numbers 234 -020- 010, 234 - 020 -045, and 234 - 020 -046 located at 3475 and 3535 Tyler Street, Riverside, CA; and 2. Approve the expenditure of $106,100 inclusive of the $103,100 purchase price and an estimated amount of $3,000 for due diligence, title, escrow fees, and related closing costs. BACKGROUND: In January 2006, the Board of Public Utilities (Board) approved the largest capital project in the City of Riverside's history, the Riverside Transmission Reliability Project (RTRP); and on February 5, 2013, the City Council certified the Final Environmental Impact Report for RTRP. RTRP is a joint project with Southern California Edison (SCE) to provide Riverside Public Utilities (RPU) a second connection to the state electric transmission grid addressing long -term capacity and reliability needs of the City. EXISTING riEurl r rnNNrrTIn1U Tn crew rl rrrRlr rDin FOLLOWING PROJECT COMPLETION TWO CONNECTIONS TO STATE ELECTRIC GRID WILDLIFE SWITCHYARD. SECOND SOURCE OF POWER SUBSTATION