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Title:
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AGREEMENT FOR CONVEYANCE OF EASEMENTS FROM MACY’S WEST STORES, INC. TO CITY OF RIVERSIDE FOR THE RIVERSIDE TRANSMISSION RELIABILITY PROJECT (RTRP) AT 3475 AND 3535 TYLER STREET WITHIN THE CITY OF RIVERSIDE APNS 234-020-010, 234-020-045, AND 234-020-046 – WORK ORDER NO. 642975 FOR $106,100
That the Board of Public Utilities:
1. Recommend that the City Council approve the Agreement for Conveyance of Easements with the property owner, Macy’s West Stores, Inc. for easements on Assessor Parcel Numbers 234-020-010, 234-020-045, and 234-020-046 located at 3475 and 3535 Tyler Street, Riverside, CA; and
2. Approve the expenditure of $106,100 inclusive of the $103,100 purchase price and an estimated amount of $3,000 for due diligence, title, escrow fees, and related closing costs.
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Attachments:
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1. Report, 2. Map, 3. Agreement
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