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HomeMy WebLinkAbout25H - PROJECT 06-1500 BRISTOL STREQUEST FOR COUNCIL ACTION CITY COUNCIL MEETING DATE: CLERK OF COUNCIL USE ONLY: FEBRUARY 20, 2007 TITLE: PURCHASE AGREEMENTS FOR BRISTOL 3TREET CORRIDOR (PROJECT 06-1500) APPROVED ^ As Recommended ^ As Amended ^ Ordinance on 1s' Reading ^ Ordinance on 2nd Reading ^ Implementing Resolution ^ Set Public Hearing For ~ `v~ CITY MANAGER RECOMMENDED ACTION CONTINUED TO FILE NUMBER 1. Direct the City Attorney to prepare and authorize the City Manager and Clerk of the Council to execute agreements with: Victor and Rosalia Vivar for the purchase of the residential property located at 1242 Raymar in the amount of $710,000; Abdon Beltran for the purchase of the residential property located at 1243 Raymar in the amount of $595,000; J. Jesus Rodriguez for the purchase of the residential property located at 716 S. Bristol in the amount of $625,000; 2. Direct the City Attorney to prepare and authorize the City Manager and Clerk of the Council to execute an amendment to the agreement with Alicia Araujo for the purchase of the residential property located at 446 S. Bristol in the amount of $15,000 for a total amount of 565,000. DISCUSSION 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 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 outlined in the Specific Plan. To accommodate the widening, the acquisition of entire properties, as listed above, are 25H-1 Purchase Agreements February 20, 2007 Page 2 required (Exhibit 1). The purchase amounts are the appraised values prepared by an appraiser licensed in the State of California, On October 16, 2006 City Council approved a purchase agreement in the amount of $550,000 to purchase the residential property at 446 S. Bristol. Subsequent to this action, the appraiser discovered a discrepancy in the report and after correction the total appraised value increased to $565,000. The revised figure has been reviewed and verified by another appraiser for consistency with other properties along Bristol Street. Staff recommends amending the agreement to increase the purchase price to $565,000, 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. 89-01 approved by City Council in 1990. FISCAL IMPACT Funds are appropriated in the Select Street Construction Fund (account no. 59-553-6611). APPROVED AS TO FUNDS AND ACCOUNTS: James G. Ross Executive Director Public Works Agency ~nctm~~v~c~ ~-+. Francisco Gutierrez F~ Executive Director ~' Finance & Mgmt. Services Agency 25H-2 MATCHLINE SEE BOTTOM RIGHT RAYMAR LEGEND SUBJECT PROPERTIES ACQUIRED PROPERTIES WALNUT ST. 7 AVENUE TOLLIVER MCFADDEN AVENUE PINE ST. WILLfTS ( ~ BISHOP MATCHLINE SEE ABOVE LEFT EXHIBIT 1 SANTA ANA PURCHASE AGREEMENTS FOR CITY COUNCIL TITLE P~7 AGENDA DATE BRISTOL STREET CORRIDOR V FEBRUARY 20, 200 (PROJECT 06-1500) ~K ~s ~~~ i -J 25H-4