10-23-2023 RPT 09 - Laserfiche WebLink

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WATER ENERGY LIFE CITY OF RjVEIZSIDE lag PUBLIC UTILITIES RIVERSIDE PUBLIC UTILITIES Board Memorandum BOARD OF PUBLIC UTILITIES DATE: OCTOBER 23, 2023 SUBJECT: FIRST AMENDMENT TO NON-EXCLUSIVE LICENSE AGREEMENT WITH GRAND CANAL TOWNHOMES ASSOCIATION, AS SUCCESSOR IN INTEREST TO DULCE VIDA, A CALIFORNIA LIMITED LIABILITY COMPANY FOR USE OF CITY OWNED PROPERTY LOCATED EAST OF CANAL STREET NORTH OF TERRACE PINES DRIVE, GRAND TERRACE, CALIFORNIA ISSUE: Consider recommending that the City Council approve a First Amendment to Non -Exclusive License Agreement with Grand Canal Townhomes Association, as Successor in Interest to Dulce Vida, a California limited liability company for use of City owned property located East of Canal Street, North of Terrace Pines Drive, Grand Terrace, California. RECOMMENDATIONS: That the Board of Public Utilities recommend that the City Council: 1. Approve the First Amendment to Non -Exclusive License Agreement with Grand Canal Townhomes Association, as Successor in Interest to Dulce Vida, a California limited liability Company for use of City owned Property located East of Canal Street, North of Terrace Pines Drive, Grand Terrace, California; and 2. Authorize the City Manager, or designee, to execute the agreement, including making minor non -substantive changes, and to sign all documents necessary to complete the transaction. BACKGROUND: The City, through its Public Utilities Department, owns the Gage Canal ("Canal"), operated by the Gage Canal Company. A Developer formerly known as Dulce Vida, the previous owner of property adjacent to the Canal constructed a 42-townhome development and was granted a License Agreement with the City for a term of twenty-five years beginning on the effective date of the License, which is November 8, 2006 to October 31, 2031. The License Agreement will automatically extend for an additional period of three (3) ten (10) year terms for the use of approximately 16,500 square feet of the Canal for the construction of utilities and as ingress and egress onto the otherwise landlocked development.