Title
Bushard Water Well: Land Purchase Agreement and Construction, Operating, Cost Sharing, and Delivery of Water Agreement with Laguna Beach County Water District
Recommendation
a) Continue to find that the project is exempt from the California Environmental Quality Act (CEQA) pursuant to Section 15332, Class 32 (In-Fill Exemption) of Title 14 of the California Code of Regulations (14 CCR §15332) (Class 32 exemptions are for projects of certain criteria on a development site of five acres or less) of the CEQA Guidelines, because this project has no potential to have a significant effect on the environment;
b) Authorize the City Manager and City Clerk to execute the Agreement for Purchase and Sale of Real Property and Escrow Instructions, and all associated documents necessary to complete the purchase transaction with Laguna Beach County Water District, to purchase a 51% ownership interest in the property at 17902 Bushard Street, Fountain Valley, for a price of $1,402,500.00, for a new municipal water well facility, in a form substantially similar to the agreement prepared by the City Attorney;
c) Approve and authorize the Mayor and City Clerk to execute the Agreement by and between the City of Newport Beach and Laguna Beach County Water District for the Delivery of Uninterruptible Water from Jointly Owned Groundwater Wells and Associated Facilities for a new jointly owned municipal water well facility at 17902 Bushard Street;
d) Approve Budget Amendment No. 2027-032 appropriating $1,402,500 in increased expenditure appropriations from the Water Enterprise Fund unappropriated fund balance to Capital Improvement Program Project 24W13, Account number 70201931-911047-24W13, and appropriating $11,280,000 in new revenue and expenditures from LBCWD cost share to Capital Improvement Program Project 24W13, Account number 70201931-980000-24W13.