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<br /> <br /> <br /> <br /> REQUEST FOR <br /> <br /> COUNCIL ACTION <br /> <br /> CITY COUNCIL MEETING DATE: CLERK OF COUNCIL USE ONLY: <br /> <br /> JANUARY 4, 2011 <br /> <br /> TITLE: APPROVED <br /> PURCHASE AND SETTLEMENT ? As Recommended <br /> AGREEMENTS FOR BRISTOL STREET El Amended <br /> ? Or dinance on 1ST Reading <br /> CORRIDOR (PROJECT NO. 081700) ? Ordinance on 2"d Reading <br /> ? Implementing Resolution <br /> ? Set Public Hearing For <br /> CONTINUED TO <br /> FILE NUMBER <br /> CITY MANAGER <br /> <br /> <br /> RECOMMENDED ACTION <br /> <br /> Authorize the City Manager and Clerk of the Council to execute the attached agreements, subject <br /> to nonsubstantive changes approved by the City Manager and City Attorney: <br /> <br /> • Jonathan & Delia Silva, for the purchase of the property located at 918 North Bristol Street in <br /> the amount of $792,000. <br /> <br /> • Oro Corporation dba Silva & Silva Enterprises for acquisition settlement for the business at <br /> 918 North Bristol in the amount of $228,000. <br /> <br /> • NCADD-OC (National Council on Alcoholism & Drug Dependence, Inc.) for acquisition <br /> settlement for the business located at 1631 North Bristol Street in the amount of $26,040. <br /> <br /> DISCUSSION <br /> <br /> On March 6, 2006, the City Council approved the cooperative agreement between the City and the <br /> Orange County Transportation Authority to fund Bristol Street improvements from Warner Avenue <br /> to Seventeenth Street. The first phase of the project, between Pine Street and McFadden Avenue, <br /> is under construction and is expected to be completed by January 2011. Public Works is acquiring <br /> property for the second phase of the project, between Third Street and Civic Center Drive, as well <br /> as the intersection of Bristol and Seventeenth Streets. <br /> <br /> To accommodate the widening for the second phase, acquisition of the entire property located at <br /> 918 North Bristol is required (Exhibit 1). In addition, settlement agreements have been reached <br /> with Silva Enterprises for the acquisition of the business at 918 North Bristol and with the tenant at <br /> 1631 North Bristol for relocation benefits. The compensation amounts are the appraised values <br /> prepared by an appraiser licensed by the State of California. <br /> <br /> <br /> 25H-1 <br />