09-13-2021 BPU RPT 07 - Laserfiche WebLink

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RIVERSIDE PUBLIC UTILITIES Board Memorandum BOARD OF PUBLIC UTILITIES DATE: SEPTEMBER 13, 2021 SUBJECT: PURCHASE AND SALE AGREEMENT WITH ANDREW M. BODEWIN AND CATHRYN E. BODEWIN FOR THE SALE OF APPROXIMATELY 0.51 ACRES OF CITY-OWNED VACANT LAND LOCATED AT 7270 BODEWIN COURT, IDENTIFIED AS ASSESSORS PARCEL NUMBER 243-460-018, FOR THE SALE PRICE OF $105,000 ISSUE: Consider approving a Purchase and Sale Agreement with Andrew M. Bodewin and Cathryn E. Bodewin for approximately 0.51 acres of City-owned vacant land located at 7270 Bodewin Court, for the sale price of $105,000. RECOMMENDATIONS: That the Board of Public Utilities recommend that the City Council: 1. Approve a Purchase and Sale Agreement with Andrew M. Bodewin and Cathryn E. Bodewin for the sale of approximately 0.51 acres of City-owned vacant land, located at 7270 Bodewin Court, -460-018, for the sale price of $105,000 less all related title, escrow, and miscellaneous closing costs estimated not-to-exceed $5,000; and 2. Recommend that City Council authorize the City Manager, or his designee, to execute the Purchase and Sale Agreement, including making minor non-substantive changes, and to sign all documents necessary to complete the transaction. BACKGROUND: On September 28, 2020, the Board of Public Utilities recommended that the City Council approve the surplus declaration of approximately 0.51 acres of City-owned vacant land in its as-is condition located at 7270 Bodewin Court bearing Assessor Parcel Number 243-460-018 (Property), formerly known as the Whitegates I Reservoir (Reservoir). The Property was previously improved with the Reservoir. The City Council approved the demolition of the Reservoir on January 6, 2009, as it was deemed undersized to adequately serve the storage needs of the surrounding area. The approved demolition included removal of the 0.5- million-gallon reservoir, pump station, and supporting infrastructure.