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HomeMy WebLinkAbout25C - BRISTOL STREET CORRIDOR AGMT REQUEST FOR COUNCIL ACTION CITY COUNCIL MEETING DATE: CLERK OF COUNCIL USE ONLY: SEPTEMBER 4, 2007 TITLE: PURCHASE AGREEMENT FOR BRISTOL STREET CORRIDOR (PROJECT 06-1500) APPROVED o As Recommended o As Amended o Ordinance on 1st Reading o Ordinance on 2nd Reading o Implementing Resolution o Set Public Hearing For ~ ~~ CONTINUED TO FILE NUMBER RECOMMENDED ACTION Direct the City Attorney to prepare and authorize the City Manager and Clerk of the Council to execute an agreement with: Mai & Ninh Nguyen for the purchase of the vacant property located at 401 S. Bristol in the amount of $347,000. 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 property listed above is required (Exhibit 1). The purchase amount is the appraised value prepared by an appraiser licensed in the State of California. 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. 25C-1 Purchase Agreement For Bristol Street Corridor September 4, 2007 Page 2 FISCAL IMPACT Funds are appropriated in the Select Street Construction Fund (account no. 59-553-6611). APPROVED AS TO FUNDS AND ACCOUNTS: ,~ ! / / : -Y' '," YJe-t{/':.,--\- r~/1../1'Jt7{/1(1)1{ L ~\.,/ "James G. Ross y!gXecutive Director ~l Public Works Agency ~~-~ ~rancisco Gutierrez '~/ ~ ~- Executive Director (~o Finance & Mgmt. Services Agency 25C-2 AVENUE 701 ! i : 7~llr:r 717 .. HLAND 814 818 I I :~ C LJ MCFADDEN AVENUE I ') I1T LEGEND ~;~{8<:;~~ SUBJECT PROPERTIES ACQUIRED PROPERTIES WALNUT ST. PINE ST. ~ a . 306 310 314 318 402. 406 410 414 420 N.T.8 MYRTLE 43 1~4 438 442. 44~ 9QZ 50.6 _5J9 / ?j.4 :5t.8 ~r>. WILLITS STREET MA TCHLlNE SEE ABOVE LEFT EXHIBIT 1 SMH A A~IA . .. CITY COUNCIL · PW /\ · AGENDA DATE , , SEPTEMBER 4, 2007 PuBliC "OR~) AGU./CY PURCHASE AGREEMENT FOR BRISTOL STREET CORRIDOR (PROJECT 06-1500) TITLE: 25C-3 25C-4