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REQUEST FOR COUNCIL ACTION CITY COUNCIL MEETING DATE: CLERK OF COUNCIL USE ONLY: JUNE 19, 2006 TITLE: PURCHASE AGREEMENT RODRIGIIEZ PROPERTY 310 S. BRISTOL FOR THS LIDIA LOCATED AT APPROVED ^ As Recommended ^ As Amended ^ Ordinance on 1s1 Reading ^ Ordinance on 2"d Reading ^ Implementing Resolution ^ Set Public Hearing For_ CONTINUED TO ~. FILE NUMBER f CITY MANAGER RECOMMENDED ACTION Direct the City Attorney to prepare and authorize the City Manager and Clerk of the Council to execute an agreement with Lidia Rodriguez for the purchase of 310 S. Bristol Street in the amount of $560,000. DISCIISSION On March 6, 2006 the City Council approved the cooperative agreement between the City and the Orange County Transportation Authority to fund Bristol Street improvements from Warner Avenue to Seventeenth Street. In order to meet the funding cash flow availability, the widening will be done in phases. Phase I of the four phase improvements is between McFadden Avenue and Pine Street. Improvements include widening of the street from four lanes to six, construction of landscaping in the parkways and the median islands, traffic improvements, drainage structures, sound walls, and other amenities as outlines in the Specific Plan. In order to accommodate the widening, the acquisition of entire property located at 310 S. Bristol Street is required (Exhibit 1). The amount of $560,000 is the appraised value prepared by an appraiser licensed in the State of California. ENVIRONMENTAL IMPACT In accordance with the California Environmental Quality Act, the proposed project has been determined to be adequately evaluated in the previously prepared Environmental Impact Report/Environmental Impact Assessment EIR No. 89-O1 approved by City Council in 1990. 25J-1