BOARD AGENDA MEMORANDUM
SUBJECT:
Title
Approve the Purchase Agreement and Escrow Instructions for Real Estate File No. 5027-311 to Acquire Real Property (APNs 825-03-011 and 825-04-010) from Nature Quality, LP, a California limited partnership, for the Upper Llagas Creek Flood Protection Project, Project No. 26174051 and other potential benefits (Morgan Hill), (District 1). (PREVIOUSLY LISTED AS 3.6)
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RECOMMENDATION:
Recommendation
A. Approve the Purchase Agreement and Escrow Instructions for Real Estate File No. 5027-311 to Acquire Real Property (APNs 825-03-011 and 825-04-010) from Nature Quality, LP, a California limited partnership, for the Upper Llagas Creek Flood Protection Project, Project No. 26174051 and other potential benefits (Morgan Hill), (District 1);
B. Authorize the Interim Chief Executive Officer to execute the Purchase Agreement and Escrow Instructions for Real Estate File No. 5027-311 (Assessor's Parcels 825-03-001 and 825-04-010); and
C. Authorize the Interim Chief Executive Officer to execute the Certificate of Acceptance for Grant Deed 5027-311.
Body
SUMMARY:
The Santa Clara Valley Water District (District) is undertaking the Upper Llagas Creek Flood Protection Project (Project) in partnership with the U.S. Army Corps of Engineers (Corps) and the City of Morgan Hill (City) to provide 1% flood protection to approximately 1,100 homes and 500 businesses along West Little Llagas Creek, East Little Llagas Creek, and Llagas Creek. The Project is approximately 13.9 miles long and encompasses the City, City of Gilroy, and various unincorporated areas of Santa Clara County, including San Martin (Attachment 1).
A portion of the proposed acquisition of a Grant Deed from Nature Quality (or "Seller"), Real Estate File No. 5027-311, is required for Phase 2 construction of the Project. District staff has worked with Nature Quality on a Purchase Agreement and Escrow Instructions to acquire Nature Quality's lands for $6,313,439. N...
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