BOARD AGENDA MEMORANDUM
SUBJECT:
Title
Approve Purchase of 2390 Cochrane Road, Morgan Hill, Assessor's Parcel Number: 728-34-011 for the Anderson Dam Tunnel Project, Real Estate File 9186-34 (Morgan Hill) (District 1).
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RECOMMENDATION:
Recommendation
A. Approve the purchase of the property located at 2390 Cochrane Road in Morgan Hill for the Anderson Dam Tunnel Project in the amount of $804,000;
B. Authorize the Chief Executive Officer or her Designee to issue a Notice of Exercise of Option to Frances J. Coyle pursuant to the Option Agreement for the Purchase of Real Property with Frances J. Coyle; and
C. Authorize the Chief Executive Officer or her Designee to deposit funds into Escrow, take all necessary actions, and execute all real estate documents necessary to complete the purchase of the property located at 2390 Cochrane Road in Morgan Hill.
Body
SUMMARY:
The Anderson Dam Seismic Retrofit Project (ADSRP) will correct seismic deficiencies of Anderson Dam to meet all current Federal Energy Regulatory Commission (FERC) and California Department of Water Resources, Division of Safety of Dams, dam safety design standards. On February 20, 2020, FERC issued an order to Valley Water to immediately implement the following interim risk reduction measures: (a) immediately lower and maintain the reservoir operating level no higher than elevation 565 feet; (b) lower the reservoir to elevation 488 feet (deadpool) beginning no later than October 1, 2020, as safely and quickly as possible and maintain deadpool to the extent feasible; (c) immediately design and construct the low-level outlet tunnel to more reliably and quickly drawdown the reservoir after an earthquake and/or to better maintain deadpool during significant precipitation; and (d) develop measures necessary to safely drain and maintain the reservoir at deadpool and minimize environmental effects, including groundwater recharge, water supply, flood protection, and other environmental impacts. ...
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