12/14/2021
Jon P. Anderson, Trustee
18951 Bear Creek Rd.
Los Gatos, CA 95033
SUBJECT: OFFER TO PURCHASE OVERHEAD ELECTRIC EASEMENT
SITE: 1040 Di Giulio Ave.Santa Clara, CA APN: 224-05-093 Memorex Loop Project
Dear Mr. Anderson:
The City of Santa Clara, acting by and through its municipally owned utility, Silicon Valley Power (SVP) is currently pursuing acquisition of power line easements for the Memorex Loop Project (“Project”). The power lines that are proposed to be built for the project requires the acquisition of property rights affecting approximately 1,500 square feet over a portion of your property located at 1040 Di Giulio Ave., Santa Clara, CA (“Property”).
SVP’s primary objective of the Memorex Loop Project is to increase system capacity and reliability. The majority of the new 60 kilo-volt (kV) transmission line would be constructed along Shulman Avenue, Memorex Drive, Ronald Street, Di Giulio Avenue and Lafayette Street.
The project is anticipated to be completed in 2023.
SVP designs its transmission system so that a loss of a single transmission line does not result in the loss of power for its customers. This design philosophy ensures the maximum reliability for its customers. As the power demands of the City grow, so does the necessity to construct infrastructure upgrades, such as this project, to continue to maintain this level of service reliability and increase the power capacity to support load growth and development. SVP is proactive about addressing future reliability issues and committed to providing the best service reliability for its customers.
Our title information shows Jon P. Anderson, as Trustee of the Jon P. Anderson Revocable Living Trust, dated September 11, 1984 to be the owner of the property located at 1040 Di Giulio Ave., Santa Clara, CA. This property is within the Project area, and is also identified by the County Assessor as Parcel No. 224-05-093.
Subject to, and upon the terms and conditions set forth herein, SVP offers to purchase an easement over your property, as defined in the Easement Deed attached hereto. SVP hereby
offers the sum of Thirty One Thousand Nine Hundred Dollars ($31,900) as just compensation for the acquisition of the easement.
It is the policy of SVP to acquire property interests that are in private interests through voluntary purchase, if possible, and only when it is necessary to do so. In accordance with applicable law, SVP has obtained, reviewed and approved an appraisal to establish the fair market value of the property to be acquired. The attached Appraisal Summary outlines the basis for this offer pursuant to Government Code §7267.2.
Pursuant to Code of Civil Procedure §1263.025, SVP offers to pay your reasonable costs up to five thousand dollars ($5,000) for an independent appraisal of the property interests. By law, an appraiser licensed by the Office of Real Estate Appraisers must prepare the independent appraisal. Although you are not required to obtain an appraisal at this time, or at all, if you believe such appraisal can assist you in evaluating this offer, it is in your interest to obtain an independent appraisal as expeditiously as possible. If you choose to obtain an appraisal, please forward SVP an invoice from your appraiser, identifying the Property at 1040 Di Giulio Ave., Santa Clara, CA is the subject of the appraisal and the fee charged.
Materials enclosed for your information include:
• An Easement with Exhibit showing the location of the acquisition area(s); • The Appraisal Summary for your easement area.
The agent assigned to your property and to whom you will be working with is John Timmins who can be reached at (801) 244-3707 or by email at [email protected]. Please contact him if you have any questions or if you wish further clarification of this offer.
If you are agreeable to the purchase amount of this offer, please indicate your acceptance by signing in the space provided below and return an original signed copy of this letter to Mr.
Timmins using the postage paid return envelope, which is enclosed, for your use. Upon receipt of your acceptance of this purchase offer amount, a contract for sale (Purchase and Sale Agreement) and escrow instructions will be prepared for your execution. SVP will pay all of the conveyance and escrow costs. All taxes and assessments, if any, will be pro-rated, and possession will be delivered to SVP at the close of escrow.
Sincerely,
Manuel Pineda P.E.
Assistant City Manager / Chief Electric Utility Officer
Enclosures:
SVP Easement with Exhibit
Appraisal Summary
Postage paid return envelope
ACCEPTANCE OF OFFER
This offer, dated 12/14/2021 from the City of Santa Clara acting by and through its municipally owned utility, Silicon Valley Power, for $31,900
is accepted as the purchase amount for the
acquisition of the aforementioned Overhead Electric Easement. By signing below, I am also affirming that I am authorized to accept this offer.
Owner’s Name
By:
Name:
Title:
Date: