Los Angeles

City Council

February 16, 2024 Item #5

Agenda Item 5

(5) 24-0022 EXEMPTION and ENERGY AND ENVIRONMENT COMMITTEE REPORT relative to the Letter Agreement between the Los Angeles Department of Water and Power (LADWP) and Union Pacific Railroad Company for the purchase of real property located adjacent to the Tinemaha Reservoir operation facility near Big Pine, Inyo County, California. Recommendations for Council action: DETERMINE that this item is exempt from the California Environmental Quality Act (CEQA) pursuant to CEQA Guidelines Section 15060(c)(2) that states that an activity is not subject to CEQA if it will not result in a direct or reasonably foreseeable indirect physical change in the environment; therefore, the execution of the Letter Agreement to purchase the subject property is not subject to CEQA as it will not result in any physical change in the environment. CONCUR with the Board of Water and Power Commissioners' action of December 19, 2023, Resolution No. 024 102, which approves the Letter Agreement, including long-term indemnification provisions, between the LADWP and Union Pacific Railroad Company for the purchase of approximately 167.476 acres of unimproved land (Assessor's Parcel Numbers 018-110-12, 018-190-02, and 018-230-11) located adjacent to the Tinemaha Reservoir operation facility near Big Pine, Inyo County, California, for a total cost of $213,531.90. Fiscal Impact Statement: The City Administrative Officer reports that there is no impact with the City’s General Fund. The purchase price and related expenses for the transaction, which include escrow fees, closing costs, and related expenses totaling $213,531.90 are available from and will be paid by the LADWP Water Revenue Fund.