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W A T E R E N E R G Y L I F E jq P U B L I C U T I L I T I E S RIVERSIDE PUBLIC UTILITIES BOARD OF PUBLIC UTILITIES Board Memorandum DATE: JUNE 26, 2023 SUBJECT: RESOLUTION TO DECLARE VACANT CITY -OWNED CANAL PARCELS BEARING ASSESSOR'S PARCEL NUMBERS 233-160-022, 233-150-017, AND 233-190-004, APPROXIMATELY 56,999 SQUARE FEET, AND AUTHORIZE THE MARKETING AND SALE OF THESE PROPERTIES PURSUANT TO ASSEMBLY BILL 1486 AND THE CITY'S ADMINISTRATION MANUAL SECTION 08.003.00 FOR THE DISPOSITION AND SALE OF CITY -OWNED REAL PROPERTY ISSUES: Consider a recommendation that the City Council adopt a resolution to declare as surplus vacant City -owned canal parcels bearing Assessor's Parcel Numbers 233-160-022, 233-150-017, and 233-190-004, approximately 56,999 square feet, and authorize the marketing and sale of these properties pursuant to Assembly Bill 1486 and in accordance with the City's Administrative Manual Section 08.003.00 for the Disposition and Sale of City -Owned Real Property. RECOMMENDATIONS: That the Board of Public Utilities recommend that the City Council: Adopt a Resolution to declare as surplus approximately 56,999 square feet of vacant City - owned canal parcels, located between Van Buren Boulevard and Gibson Street bearing Assessor's Parcel Numbers 233-160-022, 233-150-017, 233-190-004; and 2. Authorize the marketing and sale of the accordance with the City's Administrative of City -Owned Real Property. BACKGROUND: Property pursuant to Assembly Bill 1486 and in Manual 08.003.00 for the Disposition and Sale The City of Riverside acquired the Riverside Canal from the Riverside Water Company in 1961. The canal begins in San Bernardino County and traverses to the western portions of the City of Riverside. However, the canal west of Jefferson Street is segmented and incapable of conveying water. Therefore, overtime, the land on the unused westerly portion of the canal has been surplus and sold for development when opportunities arise. Enacted in 1968, the Surplus Land Act requires all local agencies to prioritize affordable housing when disposing of surplus land. In 2014, the Surplus Land Act was amended to define what constitutes a qualified purchase proposal, prioritize purchase proposals to encourage the most units and the deepest affordability, and provide more realistic timeframes to make and negotiate offers.