12. Recommended by Water System Approval of Letter Agreement with Union Pacific Railroad Company for Purchase of Real Property Located Adjacent to Tinemaha Reservoir Near Big Pine, Inyo County, California. The total cost of the acquisition will include the purchase price of $213,531.90, plus escrow fees, closing costs, and related expenses. Determine item is exempt pursuant to CEQA Guidelines Section 15060 (c)(2). City Council approval is required pursuant to Charter Section 373 and the City Administrative Code Section (L.A.A.C.) 10.5.