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Title:
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ESTABLISH UNIFORM RENTAL FEES FOR USE OF UNDEVELOPABLE RIVERSIDE CANAL AND GAGE CANAL PARCELS AND APPROVE CANAL USE MASTER LICENSE AGREEMENT – NEW REVENUE DEPENDENT UPON FUTURE CANAL PARCEL USE
That the Board of Public Utilities recommend that the City Council:
1. Approve the establishment of a set rental rate for the use of undevelopable Canal Parcels at $0.15 per square foot for Open Space and Single Family Residential adjacent zoned properties and $0.60 per square foot for all other adjacent zoned properties, with a minimum $300 per license;
2. Approve an annual 2% escalation of the rate for licensed uses;
3. Authorize the City Manager, or his designee, to execute Canal Use License Agreements for undevelopable Canal Parcels under the terms set forth in this staff report; and
4. Direct staff to return every 5 years to update the rental rates and fees.
(presentation by Kevin Milligan – 10 min)
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