Item 16 - Purchase and Sale Agreement for 1725 N Bristol Street

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Appropriation Adjustment and Sale of Land of 1725 N. Bristol Street December 2, 2025 Page 2 The adjacent owner of the residential property at 1240 West 18t" Street expressed interest in acquiring the 1725 N. Bristol parcel. As a condition of sale, the City executed a License and Right of Entry Agreement on June 5, 2025 requiring the buyer to construct a 10-foot wall with landscaping, consistent with the Bristol Street Improvements Specific Plan standards for corridor soundwalls along the western edge of the subject property. The adjacent property owner has since completed construction of the wall, which has been verified to meet all City standards. With all requirements under the License and Right of Entry Agreement now fulfilled, the City Council may now move forward with authorizing the execution of the recommended Purchase and Sale Agreement for this remnant parcel (Exhibit 2). Staff recommends approval of Recommended Actions to transfer ownership of the unused and undevelopable land to the adjacent property owner as they have satisfied all requirements. Activating citywide vacant lots supports general plan goals by fostering community development and increasing tax revenue. This transfer will reduce City maintenance responsibilities and aligns with established municipal codes governing surplus property disposition. ENVIRONMENTAL IMPACT There is no environmental impact associated with this action. FISCAL IMPACT The revenue generated will be used to reimburse project expenditures and replenish funds utilized for citywide maintenance of vacant lots. In addition, the City will be relieved from the continued staff time associated with ongoing monitoring, clean up, and associated liability. Approval of the recommended Appropriation Adjustment will recognize receipt of $1,516 into the Select Street Construction, Sale of Land revenue account (No. 05917002-57071) for Fiscal Year 2025-26 and appropriate it to the OCTA Bristol St Corridor Improvements, Improvements Other Than Buildings expenditure account (No. 05917661-66220). The remaining proceeds of $3,005 will be deposited to the Measure M Street Construction, liability account (No. 03201001-20215) for disbursement to OCTA, consistent with grant acquisition funding requirements. EXHIBIT(S) 1. Location Map 2. Purchase and Sale Agreement Submitted By: Rodolfo Rosas, P.E., Acting Executive Director — Public Works Agency Approved By: Alvaro Nunez, City Manager