REQUEST FOR CITY COUNCIL ACTION
DATE: 08/16/2023
TO: Honorable Mayor and City Council Members
FROM: Utilities Department
SUBJECT:
Title
FIRST AMENDED AND RESTATED LICENSE AGREEMENT FOR USE OF CITY REAL PROPERTY BETWEEN THE CITY OF CORONA AND PACIFIC UTILITY INSTALLATION, INC.
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EXECUTIVE SUMMARY:
This staff report asks the City Council to approve a First Amended and Restated License Agreement for Use of City Real Property between the City of Corona and Pacific Utility Installation, Inc. for the property located at 715 West Rincon Avenue.
RECOMMENDED ACTION:
Recommended action
That the City Council:
a. Approve the First Amended and Restated License Agreement for the Use of City Real Property Located at 715 West Rincon Avenue between the City of Corona and Pacific Utility Installation, Inc.
b. Authorize the City Manager, or his designee, to execute the First Amended and Restated License Agreement for the Use of City Real Property with Pacific Utility Installation, Inc.
c. Authorize an estimated revenue increase in the amount of $91,390 in the Greenfield Electric Utility Fund 578 for the remainder of FY 2024.
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BACKGROUND & HISTORY:
On September 5, 2018, the City Council approved a License Agreement for Use of City Real Property between the City of Corona and Pacific Utility Installation, Inc. for the property located at 715 W. Rincon Avenue. The City owns approximately 61,320 square feet of land and Pacific Utility Installation, Inc. (PUI) had a desire to use the land for the sole purpose of storing electrical equipment, trucks, and spare electrical parts, including, but not limited to, transformers and cabling. The City and PUI negotiated the original 2018 agreement which included improvements to the licensed land by the PUI. Those improvements were completed, and the original agreement will expire on August 31, 2023.
ANALYSIS:
The City is still willing to allow PUI to continue using the property for storing equipment, trucks, etc...
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