City Council

5. AUTHORIZATION TO EXECUTE A TRANSFER AGREEMENT FOR THE VACANT LAND PARCEL LOCATED AT 2825 E. WALNUT STREET FROM THE GENERAL FUND TO WATER AND POWER DEPARTMENT FOR AN AMOUNT NOT-TO-EXCEED $2.12 MILLION (W&P Dept.) Recommendation: It is recommended that the City Council: (1) Find that the proposed action in the agenda report is categorically exempt from the California Environmental Quality Act (“CEQA”) pursuant to the State CEQA Guidelines Section 15301 (Existing Facilities); there are no features that distinguish this project from others in the exempt classes, and therefore, there are no unusual circumstances; and (2) Authorize the City Manager to execute a transfer agreement for the vacant parcel of land located at 2825 E. Walnut Street from the General Fund to the Pasadena Water and Power Department (“PWP”) for an amount not-to-exceed $2.12 million; incorporate the terms and conditions generally described in the agenda report; and execute any other related agreements necessary to effectuate the transaction, including non-substantial revisions.