HomeMy WebLinkAboutVISION 123 PROPERTY MANAGEMENT-2007
INSURANCE NOT REQUIRED
WORK MAY PROCEED
CLERK OF COUNCIL
DATE' (0): PWA (2.)( C. G.o\"ll~)
i:,"LI-O?
PURCHASE AND SALE AGREEMENT AND BILATERAL ESCROW INSTRUCTIONS
FOR ACQUISITION OF REAL PROPERTY
(Commercial)
A-2007-110
-Ih
THIS AGREEMENT (hereinafter referred to as "PSA"), entered into this l day of
Mtl.1 ,2007, between theCrTY OF SANTA ANA, a charter city and mun~cipal corporation
duly organized under the Constitution and laws of the State of California (hereinafter referred to
as the "City" or "Buyer"), and VISION 123 PROPERTY MANAGEMENT, Inc., a California
corporation (hereinafter referred to as "Seller"), regardless of number or gender;
Therefore, for and in consideration of their promises, covenants and agreements hereinafter set
forth, and subject to the terms, conditions and provisions hereinafter set forth, Seller agrees to
sell to City, and City agrees to purchase from Seller, all that certain real property (hereinafter
referred to as "Said Real Property") described as follows:
All that certain real property located in the State of California, County of Orange, City of Santa
Ana, described as follows:
SEE EXHIBIT "A" ATTACHED HERETO
AND BY THIS REFERENCE MADE A PART HEREOF
(Commonly known as 1003 S. Bristol Street, Santa Ana, CA)
Said purchase and sale of Said Real Property shall be in accordance with and subject to all of
the following terms, conditions, promises, covenants, agreements and provisions, to wit:
1. Convevance bv Seller. Seller agrees to convey Said Real Property to City, by Grant
Deed, at the office of Commonwealth Land Title Company, located at 1920 Main Street, Suite
1200, Irvine, California, within thirty (30) days from and after the date on which the City has
approved this PSA.
2. Title to be Conveyed. (a) Seller agrees that, except as may hereinafter be otherwise
expressly provided, Said Real Property shall be conveyed by Seller to City, as aforesaid, free
and clear of any and all conditions, restrictions, reservations, exceptions, easements,
assessments, profits, limitations, encumbrances (whether monetary or non-monetary, general
or specific, including any and all leasehold interests), liens, clouds or defects in title, except
those exceptions shown in Paragraph 15.below. Seller hereby warrants that the title to Said
Real Property to be conveyed by Seller to City shall be free and clear as provided above. Seller
further agrees that acceptance by City of any deed to Said Real Property, with or without
knowledge of any condition, restriction, reservation, exception, easement, assessment, profit,
limitation, encumbrance (whether monetary or non-monetary, general or specific, and including
any and all leasehold interests), lien, cloud or defect in title, shall not constitute a waiver by City
of its right to the full and clear title hereinabove agreed to be conveyed by Seller to City, nor of
any right which might accrue to City because of the failure of Seller to convey title as
hereinabove provided.
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3. Title Insurance. Seller agrees to deliver to City, concurrently with the conveyance of
Said Real Property to City, within the time and at the place hereinabove specified for said
conveyance of Said Real Property, a policy of title insurance to be issued by the above
mentioned title company, with the City therein named as the insured, in the amount Seven
Hundred Fifty Thousand Dollars and No/100 ($750,000) insuring that title to Said Real Property
is free and clear of any and all conditions, restrictions, reservations, exceptions, easements,
assessments, profits, limitations, encumbrances (whether monetary or non-monetary, general
or specific, and including any and all leasehold interests), liens, clouds or defects in title,
excepting such specific ones as city may hereinafter expressly agree to take subject to.
Acceptance by City of any such policy of insurance, whether such insurance complies with the
requirements of this paragraph or not, shall not constitute a waiver by City of its right to such
insurance as is herein required of Seller, nor a waiver by the City of any rights of action for
damages or any other rights which may accrue to City by reason of the failure of Seller to
convey title or to provide title insurance as required in this PSA.
4. Escrow. City agrees to open an escrow at the office of Commonwealth Land Title
Company, located at 1920 Main Street, Suite 1200, Irvine, California (hereinafter "Escrow
Agent"), within five (5) days from and after the date on which the City has approved this PSA.
This PSA constitutes the joint escrow instructions of the City and the Seller and a duplicate
original of this PSA shall be delivered to the Escrow Agent upon the opening of the escrow.
Escrow is to close within Ninety (90) days of the City's execution of this PSA.
The Escrow Agent hereby is empowered to act under this PSA, and upon indicating its
acceptance of this Section 4 and of the General Provisions described in Exhibit "B" attached
hereto and incorporated herein by this reference, in writing, delivered to the City and to the
Seller within five (5) days after delivery of this PSA, shall carry out its duties as Escrow Agent.
City agrees to pay for, Escrow Agent is hereby authorized to charge to the City, the cost of any
transfer taxes, recording fees, cost of title insurance, reconveyance fees, document preparation
fees, escrow fees and any other closing costs incidental to the conveying of Said Real Property
to City. Penalties for prepayment of bona fide obligations secured by any existing deed of trust
or mortgage shall be waived pursuant to Civil Code Procedures Section 1265.240.
The Escrow Agent's liability under this PSA is limited to the performance of the obligations
imposed upon it under Section 4, Section 6, Section 11 and Exhibit "B" of the General
Provisions of this PSA.
5. Property Taxes. Such real property taxes, if any, on Said Real Property for the fiscal
year within which Said Real Property is conveyed to City as are unpaid at the time of said
conveyance shall be cleared and paid in accordance with the provisions of Section 4986 of the
Revenue and Taxation Code of the State of California. Seller shall be eligible for a refund
under Section 5096.7 of the Revenue and Taxation Code of the State of California for that
portion of property taxes on Said Real Property for said fiscal year which have been paid prior
to the date the deed conveying Said Real Property to City is recorded which is allocable to that
portion of the fiscal year which begins on the date the deed conveying Said Real Property to
City is recorded and made uncollectible if unpaid by reason of Section 4986 of the Revenue
and Taxation Code of the State of California. All unpaid taxes on Said Real Property for any
and all years prior to the fiscal year within which said conveyance is made shall be paid by
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Seller before conveyance of Said Real Property to City.
6. Payment of Purchase Price. City agrees to pay to Seller, and Seller agrees to accept
from City, as and for the full purchase price for Said Real Property, improvements pertaining to
the realty, business goodwill (if any), and severance damages (if any), the total sum of Seven
Hundred Fifty Thousand Dollars and No/100 ($750,000). City agrees to accept the
improvements to Said Real Property in their physical condition as of the close of escrow. City
agrees to deposit said purchase price in escrow with the Escrow Agent within THIRTY (30)
days from and after the date on which the City has approved this PSA, and the Escrow Agent is
hereby authorized to pay the same to Seller upon and after;
(a) Conveyance of Said Real Property by Seller to City as hereinabove provided;
(b) Acceptance by City of a Grant Deed conveying Said Real Property to City;
(c) Delivery to City of the policy of title insurance as hereinabove provided;
(d) Recordation of the Deed conveying Said Real Property to City.
7. Possession. Seller agrees to deliver to City, on the date the Deed conveying Said Real
Property to City is recorded, quiet and peaceful possession of Said Real Property, which shall
be made free by Seller of all personal property.
8. Rental and OccUDanCy bY Seller. Seller agrees to execute a complete, current and
correct statement of rentals (Seller Estoppel) on a form furnished to Seller by Buyer and deliver
same to Buyer within fifteen (15) days hereof with copies of any written leases or rental
agreements attached. All rents will be prorated as of the close of escrow on the basis of a 30-
day month/360-day year consistent with that statement, subject to approval of Buyer. Seller
hereby agrees not to rent any units on the premises which are now vacant, or which may be
vacated by present occupants prior to close of escrow. Seller agrees that any and all Tenant
Security Deposits pertaining to the subject property collected by or in the possession of Seller
prior to the close of escrow shall be transferred to and become the property of Buyer during
escrow.
Seller hereby warrants that the rental statement referred to shall include the terms of all rental
agreements, tenancies, and leases (oral or written, recorded, or unrecorded) and Seller agrees
to hold Buyer harmless from all liability from any such leases or agreements. Seller also
warrants that there are no oral or written leases on all or any portion of the subject property
exceeding a period of one month.
9. Waivers. The waiver by City of any breach of any covenant or agreement herein
contained on the part of Seller shall not be deemed or held to be a waiver of any subsequent or
other breach of said covenant or agreement nor a waiver of any breach of any other covenants
or agreements contained herein.
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10. Heirs. Assicms, Successors in Interest. This PSA, and all the terms, covenants and
conditions hereof, shall apply to and bind the heirs, executors, administrators, successors and
assigns of the respective Parties hereto.
11. Time is of the Essence. In all matters and things hereunder to be done and in all
payments hereunder to be made, time is and shall be of the essence.
12. Permission to Enter on Premises. Seller hereby grants City, and its authorized
agents, permission to enter upon Said Real Property at all reasonable times prior to close of
escrow for the purpose of making necessary inspections.
13. Just ComDensation. Seller acknowledges and agrees that said purchase price is just
compensation at fair market value for Said Real Property and includes payment for
improvements pertaining to the realty, business goodwill (if any), and severance damages (if any).
14. Notices. The mailing address of the City of Santa Ana is 20 Civic Center Plaza, M-36,
P.O. Box 1988, in the City of Santa Ana 92702, County of Orange, State of California. The
mailing address of the Seller is:
Vision 123 Property Management, Inc.
2913 EI Camino Real, #102
Tustin, California 92782
Attention: Tim Youn
15. ExceDtions. City agrees to accept title to Said Real Property subject to the following:
NONE.
16. Entire Aareement. It is mutually agreed that the Parties hereto have herein set forth
the whole of their Agreement. Performance of this PSA by City shall lay at rest, each, every,
and all issuers) that were raised or could have been raised in connection with the acquisition of
Said Real Property by City.
17. Hazardous Waste. Neither Seller nor, to the best of Seller's knowledge, any previous
owner, tenant, occupant, or user of the Property used, generated, released, discharged, stored,
or disposed of any hazardous waste, toxic substances, or related materials ("Hazardous
Materials") on, under, in, or about the Property, or transported any Hazardous Materials to or
from the Property. Seller shall not cause or permit the presence, use, generation, release,
discharge, storage, or disposal of any Hazardous Materials on, under, in, or about, or the
transportation of any Hazardous Materials to or from, the Property. The term "Hazardous
Material" shall mean any substance, material, or waste which is or becomes regulated by any
local governmental authority, the State of California, or the United States Government,
including, but not limited to, any material or substance which is (i) defined as a "hazardous
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waste", "extremely hazardous waste", or "restricted hazardous waste" under Section 25115,
25117 or 25122.7, or listed pursuant to Section 25140 of the California Health and Safety Code,
Division 20, Chapter 6.5 (Hazardous Waste Control Law), (ii) defined as "hazardous substance"
under Section 25316 of the California Health and Safety Code, Division 20, Chapter 6.8
(Carpenter-Presley-Tanner Hazardous Substance Account Act), (iii) defined as a "hazardous
material", "hazardous substance", or "hazardous waste" under Section 25501 of the California
Health and Safety Code, Division 20, Chapter 6.95 (Hazardous Materials Release Response
Plans and Inventory), (iv) defined as a "hazardous substance" under Section 25281 of the
California Health and Safety Code, Division 20, Chapter 6.7 (Underground Storage of
Hazardous substances), (v) petroleum, (vi) asbestos, (vii) polychlorinated biphenyls, (viii) listed
under Article 9 or defined as "hazardous" or "extremely hazardous" pursuant to Article 11 of
Title 22 of the California Administrative Code, Division 4, Chapter 20, (ix) designated as a
"hazardous substances" pursuant to Section 311 of the Clean Water Act, (33 U.S.C. S1317),
(x) defined as a "hazardous waste" pursuant to Section 1004 of the Resource Conservation and
Recovery Act, 42 U.S.C. S6901 et seq. (42 U.S.C. S6903) or (xi) defined as a "hazardous
substances" pursuant to Section 101 of the Comprehensive Environmental Response,
Compensation, as amended by Liability Act, 42. U.S.C. S9601 et seq. (42 U.S.C. S9601).
18. Compliance with Environmental Laws. To the best of Seller's knowledge the
Property complies with all applicable laws and governmental regulations including, without
limitation, all applicable federal, state, and local laws pertaining to air and water quality,
hazardous waste, waste disposal, and other environmental matters, including, but not limited to,
the Clean Water, Clean Air, Federal Water Pollution Control, Solid Waste Disposal, Resource
Conservation Recovery and Comprehensive Environmental Response Compensation and
Liability Acts, and the California Environment Quality Act, and the rules, regulations, and
ordinances of the city within which the subject property is located, the California Department of
Health Services, the Regional Water Quality Control Board, the State Water Resources Control
Board, the Environmental Protection Agency, and all applicable federal, state, and local
agencies and bureaus.
19. Indemnity. Seller agrees to indemnify, defend and hold the City harmless from and
against any claim, action, suit, proceeding, loss, cost, damage, liability, deficiency, fine, penalty,
punitive damage, or expense (including, without limitation, attorneys' fees), resulting from,
arising out of, or based upon (i) the presence, release, use, generation, discharge, storage, or
disposal of any Hazardous Material on, under, in or about, or the transportation of any such
materials to or from, the Property, or (ii) the violation, or alleged violation, of any statute,
ordinance, order, rule, regulation, permit, judgment, or license relating to the use, generation,
release, discharge, storage, disposal, or transportation of Hazardous Materials on, under, in, or
about, to or from, the Property. This indemnity shall include, without limitation, any damage,
liability, fine, penalty, punitive damage, cost, or expense arising from or out of any claim, action,
suit or proceeding for personal injury (including sickness, disease, or death, tangible or
intangible property damage, compensation for lost wages, business income, profits or other
economic loss, damage to the natural resource or the environment, nuisance, pollution,
contamination, leak, spill, release, or other adverse effect on the environment). This indemnity
extends only to liability created prior to or up to the date this escrow shall close. Seller shall not
be responsible for acts or omissions to act post close of this escrow.
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20. Continaency. It is understood and agreed between the Parties hereto that the
completion of this transaction, and the escrow created hereby, is contingent upon the specific
acceptance and approval of the City herein. The execution of these documents and the
delivery of same to Escrow Agent constitutes said acceptance and approval.
21. Modification and Amendment. This PSA may not be modified or amended except in
writing signed by the Seller and City.
22. Partial Invalidity. Any provision of this PSA that is unenforceable or invalid or the
conclusion of which would adversely affect the validity, legality, or enforcement of this PSA shall
have no effect, but all the remaining provisions of this PSA shall remain in full force.
23. Captions. Captions and headings in this PSA, including the title of this PSA, are for
convenience only and are not to be considered in construing this PSA.
24. Governina Law. This PSA shall be governed by and construed in accordance with the
laws of the State of California.
25. No Reliance bY One Partv on The Other. Each party has received independent legal
advice from its attorneys with respect to the divisibility of executing this PSA and the meaning of
the provisions hereof. The provisions of this PSA shall be construed as to their fair meaning, and
not for or against any party based upon any attribution to such party as the source of the
language in question.
26. No Third Partv Beneficiary. This PSA is intended to benefit only the Parties hereto and
no other person or entity has or shall acquire any rights hereunder.
27. Duty To Cooperate Further. Each party hereby agrees that it shall, upon request of the
other, execute and deliver such further documents On form and substance reasonably acceptable
to the party to be charged) and do such other acts and things as are reasonably necessary and
appropriate to effectuate the terms and conditions of this PSA, without cost.
28. Applicability of Aareement To Assianees. This PSA shall be binding upon and shall
inure to the benefit of the successors and assigns of the Parties to this PSA.
29. Authority to Execute Aareement. Each undersigned represents and warrants that its
signature herein below has the power, authority and right to bind their respective Parties to each
of the terms of this PSA, and shall indemnify City fully, including reasonable costs and attorney's
fees, for any injuries or damages to City in the event that such authority or power is not, in fact,
held by the signatory or is withdrawn.
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30. IncorDoration of Exhibits. All Exhibits referenced herein and attached hereto shall be
incorporated as if fully set forth in the body of this PSA.
The Parties have executed this PSA as of the date written below.
SELLER:
BUYER:
VISION 123 PROPERTY MANAGEMENT,
INC.
~~tehh/ ,2007
Ti Youn ~
Its:
CITY OF SANTA ANA
David N. am
City Manager
Date:~, 2007
APPROVED AS TO FORM:
Joseph W. Fletcher
City Attorne
ATTEST:
By.
By: ~ofj tv\U\..~~ate: U 1131 ,2007
Patricia E. Healy ~
II\. Clerk of the Council
CAO Initial?--
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EXHIBIT "A"
LEGAL DESCRIPTION
THE LAND REFERRED TO HEREIN IS SITUATED IN THE STATE OF CALIFORNIA,
COUNTY OF ORANGE, CITY OF SANTA ANA, AND IS DESCRIBED AS FOLLOWS:
The North 49.16 feet of Lot 12 of the Nininger Tract, as shown on a map thereof recorded in
Book 8, Page 33, Miscellaneous Maps, records of said Orange County.
Except therefrom the Westerly 10 feet, as granted to the City of Santa Ana, by deed recorded
June 13, 1951 in Book 2200, page 311, Official Records, in the Office of the County Recorder
of said Orange County
PARCEL 2: APN 010-272-23
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EXHIBIT "B"
GENERAL ESCROW PROVISIONS
All disbursements shall be made by Escrow's check. All funds received in this escrow shall be
deposited in one or more of Escrow Agent's general escrow accounts with any bank doing
business in the State of California and may be transferred to any other general escrow account
or accounts. The expression "close of escrow" means the date on which the transferring
instrument(s) referred to herein are filed for recordation with the Office of the Orange County
Recorder. All prorations shall be made on the basis of a 30-day month I 360-day year.
Recordation of any instruments delivered through this escrow, if necessary or proper in the
issuance of a policy of title insurance, is hereby authorized by the Parties to this transaction.
There shall be no prorations of any existing insurance policies in this escrow.
Escrow Agent is to furnish a copy of these instructions, including any amendments thereto,
closing statements, andlor any other documents deposited in this escrow, to the lender or
lenders, the real estate broker or brokers, andlor the attorney or attorneys involved in this
transaction upon request of such lenders, brokers or attorneys.
Should Escrow Agent, before or after close of escrow, receive or become aware of any
conflicting demands or claims with respect to this escrow; or to the rights of any of the Parties
hereto; or about any money or property deposited herein, then Escrow Agent shall have the
right to discontinue any or all further acts on its part until such conflict is resolved to its
satisfaction, and Escrow Agent shall have the right to commence or defend any action or
proceeding for the resolution of such conflict. The Parties to this escrow jointly and severally
agree to pay all costs, damages, judgments and expenses, including reasonable attorney's
fees, suffered or incurred by Escrow Agent in connection with, or arising out of, this escrow
including, but without limiting the generality of the foregoing, a suit in interpleader initiated by
Escrow Agent. In the event Escrow Agent should file a suit in interpleader, Escrow Agent shall
be fully released and discharged from all obligations imposed upon it by this escrow.
If for any reason funds are retained or remain in escrow, Escrow Agent shall be entitled to
deduct therefrom a reasonable monthly charge of not less than $10.00 per month as an
administrative fee.
Time is of the essence with regard to the execution of these general escrow instructions. If
Escrow Agent is unable to comply with these instructions within the time specified herein, and if
additional time as is required to make an examination of the official records, Escrow Agent shall
return all documents, money, or property to the party entitled thereto upon satisfactory written
demand and authorization. Any amendment or supplement to these instructions must be in
writing, signed by all Parties to this transaction.
These escrow instructions, and any amendments thereto, may be executed in one or more
counterparts, each of which independently shall have the same effect as if it were the original,
and all of which taken together shall constitute one and the same instruction.
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CONSENT CALENDAR
2. Approve a Funding Analysis with a total estimated construction
cost of $836,400.
AGREEMENTS
Motion: Direct the City Attorney to prepare and authorize the City Manager
and Clerk of the Council to execute agreements. (Items 25.A.
through 25. F.)
25.A. AGMT NO. 2007-088 - CONSULTING SERVICES - With Sapphos
Environmental, Inc., - in an amount not to exceed $90,000 - Planning &
Building Agency
25.B. AGMTS - PURCHASE AGREEMENT FOR BRISTOL STREET
CORRIDOR (PROJECT 06-1500). PUBLIC WORKS AGENCY
. AGMT NO. 2007-099 - With Luis Tamalatzi & Monica Cervantes
for the purchase of the residential property located at 1242 W.
Highland in the amount of $585,000;
. AGMT NO. 2007-108- With Myrtis Maddox for the purchase of the
residential property located at 1301 Raymar in the amount of
$680,000;
. AGMT NO. 2007-109- With Raul and Rosa E. Cibrian for the
purchase of the residential property located at 717 S. Bristol in the
amount of $690,000;
. AGMT NO. 2007-110 - With Vision 123 Property Management for
the purchase of the commercial property at 1003 S. Bristol in the
amount of $750,000.
25.C. AGMT NO. 2007-111- HARDSCAPE CLEANING - With Hydroblast
Exterior Cleaning Co. for a two-year agreement, with three one-year
renewal options, in an annual amount not to exceed $208,230 - Parks,
Recreation & Community Services Agency
25.D. AGMT NO. 2007-112 - DEVELOPMENT USER FEE STUDY, AND FULL
COST ALLOCATION PLAN - With Public Resources Management Group
in an amount not to exceed $116,000 - Planning & Building Agency
25.E. AGMT NO. 2007-113 - SOFlWARE MAINTENANCE - Execute an
amendment with Northrop Grumman Public Safety, Inc., in an amount not
to exceed $46,011 for a one-year term - Police Department
CITY COUNCIL MINUTES
162
MAY 7, 2007
PRESENTATIONS
CERTIFICATES OF RECOGNITION presented by COUNCILMEMBERS BENAVIDES
and BUSTAMANTE to Mater Dei High School recognizing their: Boys' Basketball State
Champions; Girls' Soccer CIF Champions; Girls' Golf CIF Champions; Individual CIF
Champion Wrestler; National Champions-Varsity Cheer, National Champions-Varsity
Song teams, and Merit Finalists
CERTIFICATE OF RECOGNITION presented by COUNCILMEMBER BENAVIDES to
Jim Sleeper recognizing his historical contributions and publications on Orange County
PROCLAMATION presented by COUNCILMEMBER BUSTAMANTE to the YMCA of
Orange County welcoming them to their new location in Santa Ana
PROCLAMATION presented by COUNCILMEMBER MARTINEZ to Park Santiago
Neighborhood Association recognizing May 18, 2007 as Arbor Day in Santa Ana
PROCLAMATION presented by COUNCILMEMBER MARTINEZ proclaiming May 2007
as National Physical Fitness and Sports Month in Santa Ana
CERTIFICATE OF RECOGNITION presented by COUNCILMEMBER MARTINEZ to
Vico Melgoza recognizing his academic education and acceptance to University of
California at Los Angeles
CONSENT CALENDAR
Mayor Pulido announced the following modifications to the Consent Calendar:
. Mayor Pro Tem Alvarez pulled Item 31.A. for separate discussion
. Mayor Pro Tem Alvarez recorded a no vote on Items 22.A and 31.B
Motion: Approve staff recommendations on the following Consent Calendar
items.
MOTION: Alvarez
SECOND: Tinajero
VOTE:
AYES:
Alvarez, Benavides, Bustamante, Martinez,
Pulido, Sarmiento, Tinajero (7)
NOES: None (0)
ABSTAIN: None (0)
ABSENT: None (0)
ltems removed for separate action or modified are highlighted. Separate actions show
the actual vote. Items without votes are adopted as part of the consent motion.
CITY COUNCIL MINUTES
156
MAY 7, 2007
REQUEST FOR
COUNCIL ACTION
CITY COUNCIL MEETING DATE:
MAY 7, 2007
CLERK OF COUNCIL USE ONLY:
TITLE:
PURCHASE AGREEMENTS FOR
BRISTOL STREET CORRIDOR (PROJBCT
06-1500)
APPROVED
o As Recommended
o As Amended
o Ordinance on 1" Reading
o Ordinance on 2"' Reading
o Implementing Resolution
o Set Public Hearing For
. aaz.
I CITY MANAGER
I
jRECOMMENDED ACTION
Direct the city Attorney to prepare and authorize the
and Clerk of the Council to execute agreements with:
CONTINUED TO
../
FILE NUMBER
Ci ty Manager
Luis Tamalatzi & Monica Cervantes
residential property located at 1242
of $585,000;
for the purchase of the
w. Highland in the amount
Myrtis Maddox for the purchase of the residential property
located at 1301 Raymar in the amount of $680,000;
Raul and Rosa E. Cibrian for the purchase of the residential
property located at 717 S. Bristol in the amount of $690,000;
vision 123
commercial
$750,000.
Property Management
property at 1003 S.
for the
Bristol
purchase of
in the amount
the
of
DISCUSSION
On May 7, 2007 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
required (Exhibit 1). The purchase amounts are the appraised value
prepared by an appraiser licensed in the State of California.
258-1
Purchase Agreements for
Bristol Street Corridor
May 7, 2007
Page 2
ENVrRONMBNTAL 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 ErR No. 89-01 approved by City Council in 1990.
Purchase Agreements
FISCAL IMPACT
Funds are appropriated in the Select Street Construction Fund
(account no. 59-553-6611).
APPROVED AS TO FUNDS AND ACCOUNTS:
,L~~~~
~ames G. Ross
\ xecutive Director
. Public Works Agency
~(\to..~~,~"", ~.~..
Francisco Gutierrez
Executive Director
Finance & Mgmt. Services Agency
ftf
258-2
OPERTIES
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EXHIBIT 1
SANTA ANA
, PW A ·
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CITY COUNCIL
AGENDA DATE
MAY 7, 2007
TnLE: PURCHASE AGREEMENTS FOR
BRISTOL STREET CORRIDOR
(PROJECT 06-1500)
I'Ia.I:IIRSAolDC'!
~
N.TB
S\NI\ \,\
258-4