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Library Department recommending the Board consider the following:
1) Approve and authorize the Chair to sign Lease Agreement 298-L1611 with the El Dorado Western Railway Foundation to lease the real property referred to as APN 090-040-31 for the period of January 1, 2016 through December 31, 2020;
2) Waive lease payments to El Dorado Western Railway Foundation as a a public benefit being provided to the residents of the County; and
3) Authorize El Dorado Western Railway Foundation to collect and retain rent received from sub-tenant to offset the costs associated with the El Dorado Western Railroad Program.
FUNDING: No change to Net County Cost.
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DEPARTMENT RECOMMENDATION
Library Department recommending the Board consider the following:
1) Approve and authorize the Chair to sign Lease Agreement #298-L1611 with the El Dorado Western Railway Foundation to lease the real property referred to as APN 090-040-31 for the period of January 1, 2016 through December 31, 2020; and
2) Waive lease payments to El Dorado Western Railway Foundation as a public benefit being provided to the residents of the County; and
3) Authorize El Dorado Western Railway Foundation to collect and retain rent received from sub-tenant to offset the costs associated with the El Dorado Western Railroad Program.
DISCUSSION / BACKGROUND
In 1996, the Sacramento-Placerville Transportation Joint Powers Authority (SPTC-JPA) acquired title to the Southern Pacific railroad right of way (transportation) corridor (SPTC). The SPTC-JPA by written agreement, delegated the management of the portion of the right of way located within El Dorado County's jurisdiction to the County.
Former lease agreement #231-L0511 with Shingle Springs Station, LLC was terminated effective December 31, 2015. On May 10, 2016, the Board made a determination that the El Dorado Western Railway Foundation provides a public benefit and directed staff to prepare and return with a standard five (5) year lease agree...
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