BOARD AGENDA MEMORANDUM
SUBJECT:
Title
Resolution Authorizing Conveyance of Real Property with PREG Western Tropicana on Permanente Creek at W. El Camino Real (Mountain View) (District 7).
End
RECOMMENDATION:
Recommendation
A. Adopt the Resolution APPROVING THE EXCHANGE OF REAL PROPERTY WITH PREG WESTERN TROPICANA;
B. Authorize the Interim Chief Executive Officer to execute the Real Property Easement Exchange Agreement With PREG Western Tropicana for the exchange of real property over the Permanente Creek box culvert pursuant to Section 31 of the District Act; and
C. Authorize the Interim Chief Executive Officer to execute and deliver the Quitclaim Deed to PREG Western Tropicana (Real Estate File 1024-1.3) and accept in exchange the new Easement Deed from PREG Western Tropicana (Real Estate File 1024-170).
Body
SUMMARY:
PREG Western Tropicana (Developer) has the City of Mountain View's approval to construct a 166-unit apartment project in two 4-story buildings on a redevelopment site consisting of four parcels totaling 2.6 acres. The site is located adjacent to the District's Permanente Creek box culvert at 1616-1620 West El Camino Real, Mountain View, CA (Attachment 1). Based on recent excavations and site surveys, the Developer has determined that the District's existing maintenance and flood control easement for the box culvert is not coincident with the facility. As such, the Developer has offered to dedicate a new easement over the culvert in order to perfect the District's existing easement. In exchange for the new easement the District would quitclaim the existing easement to the Developer. The new easement will include the entirety of the culvert and provide the District with complete access to the box culvert during routine and emergency maintenance operations for flood protection.
In 2013, the District completed a similar easement exchange with the Developer covering the east side of the Permanente Creek box culvert on the site. ...
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