City Council

CC 12. Memorandum of Understanding among the Antelope Valley Watermaster and Rancho Sierra Properties, LLC Recommendation(s): 1. Find the acquisition of land categorically exempt under the California Environmental Quality Act and authorize staff to execute and file a Notice of Exemption. 2. Authorize the City Manager, or his designee, with the concurrence of the City Attorney, to negotiate, finalize and execute the Memorandum of Understanding, Certificate of Acceptance, and all related documents. 3. Appropriate $151,778.77 from General Fund to Account No. 101.24000.8010 to effectuate a transfer of the property. The property is subject to a court judgment in favor of the Antelope Valley Watermaster in the amount of $459,749.02. To avoid foreclosure and a Sheriff's sale of the property, the City has negotiated an agreement to pay $151,778.77 to the Watermaster in exchange for taking ownership of the property.