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REQUEST FOR <br />COUNCIL ACTION <br />CITY COUNCIL MEETING DATE: <br />APRIL 2, 2007 <br />TITLE: <br />PURCHASE AGREEMENTS FOR <br />BRISTOL STREET CORRIDOR (PROJECT <br />06-1500) <br />L~ <br />/~' . ~~~ <br />CIT MANAGER <br />RECOMMENDED ACTION <br />CLERK OF COUNCIL USE ONLY: <br />APPROVED <br />^ As Recommended <br />^ As Amended <br />^ Ordinance on 151 Reading <br />^ Ordinance on 2"d Reading <br />^ Implementing Resolution <br />^ Set Public Hearing For <br />CONTINUED TO <br />FILE NUMBER <br />Direct the City Attorney to prepare and authorize the City Manager <br />and Clerk of the Council to execute agreements with: <br />Odilon & Paulina Salgado for the purchase of the residential <br />property located at 822 S. Bristol in the amount of $625,000; <br />John P & Tao-Jan Hou for the purchase of the residential <br />property located at 711 S. Bristol in the amount of $600,000. <br />DISCUSSION <br />On March 6, 2006 the City Council approved the cooperative agreement <br />between the City and the Orange County Transportation Authority to <br />fund Bristol Street improvements from McFadden Avenue and Pine <br />Street. <br />Improvements include widening of the street from four lanes to six, <br />construction of landscaping in the parkways and the median islands, <br />traffic improvements, drainage structures, sound walls, and other <br />amenities as outlined in the Specific Plan. To accommodate the <br />widening, the acquisition of the entire properties listed above is <br />required (Exhibit 1). The purchase amounts are the appraised value <br />prepared by an appraiser licensed in the State of California. <br />ENVIRONMENTAL IMPACT <br />In accordance with the California Environmental Quality Act, the <br />proposed project has been determined to be adequately evaluated in <br />the previously prepared Environmental Impact Report/Environmental <br />Impact Assessment EIR No. 89-O1 approved by City Council in 1990. <br />25C-1 <br />