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Title:
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EASEMENT ACQUISITION EXPENDITURE IN CONNECTION WITH RIVERSIDE TRANSMISSION RELIABILITY PROJECT (RTRP) APN 151-020-008 FOR $68,000
That the Board of Public Utilities:
1. Recommend that the City Council approve the Agreement For Conveyance of Easement with the property owner, Harry Moscatel, for an easement on APN 151-020-008 located at 6450 Rutland Avenue, Riverside California;
2. Approve the expenditure of $68,000 inclusive of the $65,000 purchase price and an estimated amount of $3,000 for due diligence, title, escrow fees, and related miscellaneous closing costs; and
3. Recommend that the City Council authorize the City Manager or his designee to execute the Agreement, including making minor non-substantive changes and to sign all documents and instruments necessary to complete the transaction.
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