2. Background
The 5.7-acre site is used by SCE for aboveground transmission and distribution lines.1 SCE acquired the land in three transactions that took place between 1955 and 1960. The book value of the 5.7 acres is $25,625.30. The site and an additional 3 acres have been licensed to Michael Craig for horticultural use since 1997, but the temporary agreement for that use will expire on October 2, 2001. SCE proposes to lease the 5.7 acres to Power Storage for development and operation of a self-storage facility. SCE would continue to own and operate its transmission and distribution facilities, and it would retain unobstructed access to the site. Revenue from the lease would be shared with SCE's ratepayers.
1 The site is bounded on the north by the Salt Lake Railroad, on the east and on the west by industrial buildings, and on the south by Gale Avenue.
