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17th Street Triangle AA and Agreement <br />November 17, 2008 <br />Page 2 <br />The Orange County Flood Control District is the current owner of the <br />property and has agreed to enter into a 25-year lease agreement with the <br />City, on a rent-free basis, to allow the City access to the site to make <br />the proposed improvements. Once developed, the site will be a fully <br />accessible public recreation facility. <br />FISCAL IMPACT <br />The appropriation adjustment will enhance the Resources - California River <br />Parkways revenue account (no. 161-01-5373) and the State Resources Agency <br />Grant expenditure account (no. 161-273-6631) by $187,000. <br />APPROVED AS TO FUNDS AND ACCOUNT: <br />~.~ <br />Gerardo Mouet, <br />Executive Dire for <br />Parks, Recreation and <br />Community Services Agency <br />Francisco Gutierrez <br />executive Director <br />Finance and Management Services <br />Agency <br />20C-2 <br />