Title:
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AGREEMENT FOR CONVEYANCE OF EASEMENT WITH 7509 ARLINGTON AVENUE TRUST AND FAMILY TRUST OF HEINZ F. ZWINGLER AND BETTY LEE ZWINGLER LOCATED AT 7509 ARLINGTON AVENUE, RIVERSIDE, CALIFORNIA, ASSESSOR’S PARCEL NUMBER 155-290-017 FOR THE RIVERSIDE TRANSMISSION RELIABILITY PROJECT – WORK ORDER 642975 FOR $163,093
That the Board of Public Utilities:
1. Recommend that the City Council approve the Agreement for Conveyance of Easement with the property owner, 7509 Arlington Avenue Trust and Family Trust of Heinz F. Zwingler and Betty Lee Zwingler for the acquisition of an easement on a portion of 7509 Arlington Avenue, Assessor’s Parcel Number 155-290-017 for the purchase price of $163,093; and
2. Approve the expenditure of $163,093 inclusive of the $160,093 purchase price and an estimated amount of $3,000 for due diligence, title, escrow fees, and related closing costs.
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