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REQUEST FOR <br />COUNCIL ACTION <br />CITY COUNCIL MEETING DATE: <br />DECEMBER 4, 2018 <br />TITLE: <br />APPROVE APPROPRIATION <br />ADJUSTMENT AND PURCHASE AND <br />SALE AGREEMENT FOR PORTIONS OF <br />CITY -OWNED REAL PROPERTY AT 1301 <br />AND 1305 WEST 12TH STREET FOR <br />BRISTOL STREET IMPROVEMENTS <br />PROJECT PHASE 3A (PROJECT NO. <br />136792 NONGENERAL FUND) <br />(STRATEGIC PLAN NOS. 6, 1G; 3,2C) <br />CI MANAGER <br />CLERK OF COUNCIL USE ONLY: <br />UIT00-00675IT11 <br />❑ As Recommended <br />❑ As Amended <br />❑ Ordinance on 151 Reading <br />❑ Ordinance on 2nd Reading <br />❑ Implementing Resolution <br />❑ Set Public Hearing For <br />CONTINUED TO <br />FILE NUMBER <br />Authorize the City Manager and Clerk of the Council to execute a purchase and sale <br />agreement with Marshall -Kelley LLC, a California corporation, for the sale of City -owned <br />property located at 1301 and 1305 West 12th Street in the amount of $233,400, subject to <br />nonsubstantive changes approved by the City Manager and City Attorney. <br />2. Approve an appropriation adjustment recognizing revenue in the amount of $159,879 in the <br />Select Street Construction Fund revenue account for fiscal year 2018-19 from the sale of City - <br />owned property located at 1301 and 1305 West 12th Street and appropriating the same to the <br />OCTA Bristol Street Corridor Improvements expenditure account. Receipt of Measure M <br />Street Construction proceeds in the amount of $73,521 will be disbursed to the Orange <br />County Transportation Authority (OCTA). <br />BACKGROUND <br />The subject properties at 1301 and 1305 West 12th Street (APN 004-113-34 and APN 004-113- <br />19, respectively) were acquired as part of Bristol Street Improvements Project, Phase 3A from <br />Civic Center to Washington. The Bristol Improvements include constructing a cul-de-sac located <br />on Bristol and 12th Street. Those improvements will result in the subject remnant parcels being <br />too small and irregularly shaped to independently develop (Exhibit 1). Moreover, the subject <br />parcels, zoned Commercial, are considered "landlocked" due to their small size for its zoning <br />(7,780 square feet) and no independent utility access. <br />Immediately to the north of the two subject properties, the City obtained a partial acquisition from <br />a portion of the parking lot at 1220 North Bristol Street. The property owners of 1220 North <br />20D-1 <br />