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W A T E R E N E R G Y L I F E <br />RIVERSIDE PUBLIC UTILITIES <br />Board Memorandum <br />P U B L I C U T I L I T I E S <br />BOARD OF PUBLIC UTILITIES <br />DATE: FEBRUARY 27, 2023 <br />SUBJECT: LAND EXCHANGE AGREEMENTS BETWEEN THE CITY OF RIVERSIDE AND <br />THE RAMSEY TRUST FOR PORTIONS OF CITY -OWNED PROPERTY, <br />KNOWN AS ASSESSOR PARCEL NUMBERS 138-221-002 AND 138-402-021, <br />IN EXCHANGE FOR PORTIONS OF THE RAMSEY TRUST'S PROPERTY AT <br />3095 TYLER STREET, KNOWN AS ASSESSOR PARCEL NUMBERS 138-200- <br />008 AND 138-221-005 <br />ISSUE: <br />Consider the Land Exchange Agreements between the City of Riverside and The Ramsey Trust <br />for portions of City -owned property known as Assessor Parcel Numbers 138-402-021 and 138- <br />221-002 in exchange for portions of The Ramsey Trust's property at 3095 Tyler Street known as <br />Assessor Parcel Numbers 138-221-005 and 138-200-008. <br />RECOMMENDATIONS: <br />That the Board of Public Utilities recommend that the City Council: <br />1. Approve the Land Exchange Agreements regarding the land exchange between the City <br />of Riverside and The Ramsey Trust for portions of the City -owned property known as <br />Assessor Parcel Numbers 138-402-021 and 138-221-002 in exchange for portions of <br />Ramsey's property known as Assessor Parcel Numbers 138-221-005 and 138-200-008; <br />and <br />2. Authorize the City Manager, or designee, to execute the Land Exchange Agreements, and <br />sign all documents and instruments necessary to complete the transactions. <br />BACKGROUND: <br />The City has received several complaints regarding fallen dead eucalyptus trees and stumps <br />along the Riverside Water Company Canal (Canal) off Tyler Street and Balmoral Court. Also, <br />numerous trees have grown in the area, causing the property line between the City -owned parcels <br />and the Ramsey properties to become indistinguishable. On the south side of the canal are the <br />City -owned parcels, and the north side properties belong to the Ramseys. The property line is <br />jagged north and south for approximately 1,200 linear feet and determining ownership of the trees <br />is problematic. The area contains a number of dead and live eucalyptus trees and stumps <br />requiring removal and/or trimming throughout the canal. <br />The Riverside Water Company conveyed water to customers downstream in Corona until the <br />