18. Recommended by Water System Approval of Right-of-Way Grant Serial No. CACA105853852 with the
United States Department of the Interior, Bureau of Land Management.
The Agreement has a term of approximately 29 years, expiring on
December 31, 2053. Under the federal government’s linear land use rent
schedule, the initial ten-year period is estimated to be $2,500 and shall be
adjusted annually based on the Implicit Price Deflator. Total rent for the term
of the Agreement, assuming a 2.1 percent annual increase, is estimated to
be approximately $8,975. A non-refundable processing fee of $2,171 and a
non-refundable monitoring fee of $3,527 have been paid.
Determine item is exempt pursuant to CEQA Guidelines Section 15301.