Approve Map and Legal Descriptions, and Adopt Two Proposed Resolutions for the Annexation of Parcel Nos. U-27-20-4 and U-28-20-4 to Improvement District Nos. U-27 and U-28 (FR Nandina Avenue, LLC)

In accordance with the provisions of Resolution No. 2063.7, the Board established standard terms and conditions for the annexation of lands to an Improvement District of Eastern Municipal Water District.  The proposed Resolutions annexing Parcel Nos. U-27-20-4 and U‑28‑20‑4 to Improvement District Nos. U-27 (sewer) and U-28 (water) are attached as (Exhibits A and B).  The parcel is located in the City of Moreno Valley, County of Riverside, as depicted on the attached legal descriptions and map (Exhibit C). EMWD has received a signed petition from the current property owner, FR Nandina Avenue, LLC, with Michael Goodwin as the Director of Development.  All necessary ownership documentation are on file with the District.

The table below summarizes the subject annexation:

FINANCIAL IMPACT:

Annexation fees and State Board of Equalization (SBE) fees have been paid as noted above; annexation into the improvement districts will cause the property to be included in tax assessments set annually by the Board of Directors.

STRATEGIC PLANNING GOAL/OBJECTIVE:

Financial Stability: Enhance and maintain EMWD’s strong financial position and credit quality by identifying and implementing specific opportunities to improve underlying financial metrics.

ENVIRONMENTAL IMPACT:

None

Approve map and legal descriptions and authorize staff to distribute funds necessary to cover agency fees pertinent to the annexation; and adopt two proposed Resolutions annexing Parcel Nos. U-27-20-4 and U-28-20-4 to Improvement District Nos. U-27 and U-28 of the Eastern Municipal Water District.