January 10, 2018
Truckee Meadows Water Authority (“TMWA”) seeks informal statements of interest regarding the potential sale, lease or other development of all or portions of certain land, equipment and hydroelectric facilities located generally in Farad, California. The real estate (“Land”) consists of approximately 70.53 acres located in the Truckee canyon in Nevada County, California, near the Farad exit from Interstate 80, described as Assessor’s Parcel Numbers 048-050-01 (3.97 acres), 048-030-14 (28.43 acres), 048-060-07 (0.50 acres) and 048-050-10 (37.63 acres). The Property includes a building constructed in approximately 1899 on APN 048-030-14 (“Building”), a wooden flume (damaged), diversion works (damaged), penstock and certain facilities related to a 2.8 MW hydroelectric plant previously operated on the Property (“Fixtures”), various permits related to the reconstruction of the diversion dam for the hydroelectric plant damaged in a 1997 flood and operation of the hydroelectric plant (“Permits”). As used herein, the term “Property” consists of the Land, Building, Fixtures, and Permits. With respect to potential hydroelectric development on the Land, TMWA may also be willing to lease all or a portion of Claim No. 5 in the Final Decree entered September 8, 1944, in The United States of America, Plaintiff, vs. Orr Water Ditch Company (“Farad Hydro Water Right”).
TMWA’s intent in seeking statements of interest is to gain a better understanding of the levels of interest in pursuing various uses of the Property to provide guidance to the TMWA Board of Directors as it evaluates issuing a possible request for proposal or other process for inviting bids and proposals for the use and development of the Property. TMWA’s goal is to maximize value of a once critical, but currently dormant, asset while facilitating the protection of the Truckee River watershed.
Responses may be limited to portions of the Property (e.g., development and lease of Building; development and lease of portions of the Land for public recreation trails), or may encompass the entire Property (e.g., lease and operation of hydroelectric plant). All proposed uses must comply with all applicable federal, state and local laws, ordinances, rules and regulations.
Responses must be in writing and received by TMWA no later than February 28, 2018 to be considered. Responses should be sent to Truckee Meadows Water Authority, 1355 Corporate Blvd., Reno, Nevada 89502, Attn: Farad SOI c/o Sonia Folsom. Responses should include the following information:
- Background information about the respondent.
- General summary of the type of use or development the respondent may be interested in pursuing.
- Whether the respondent is interested in purchasing, leasing or acquiring some other interest (easement, license, etc.) in the Property. If the respondent is interested in a lease, a general description of whether a short term (less than 3 years) or long term (more than 3 years) lease is desired.
- The portion(s) of the Property the respondent is interested in.
- Any other information the respondent believes will be of assistance to the Board.
TMWA will not issue any award or take any final action on a statement of interest submitted, but rather intends to use the information for purposes of identifying and preparing a specific request for proposal or other similar public bid/invitation process, and anticipates a formal review or selection process will be implemented when a direction on possible uses of the Property is identified. TMWA is providing a tour of the Property on Wednesday February 7, 2018 from 9:00 am to 2:00 pm. Interested parties who want to take the tour must contact Sonia Folsom by Tuesday January 30, 2018 by 5:00 pm to register. Additional tours can be scheduled as needed.
Please feel free to forward this to any interested party. For more information, please contact Sonia Folsom at 775-834-8002 or email@example.com.