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REQUEST FOR <br />COUNCIL ACTION <br />CITY COUNCIL MEETING DATE: <br />DECEMBER 4, 2018 <br />TITLE: <br />APPROVE EXCHANGE OF REAL <br />PROPERTY FOR BRISTOL STREET <br />IMPROVEMENTS PHASE 3A <br />(PROJECT NO. 136792, NON - <br />GENERAL FUND) <br />(STRATEGIC PLAN NOS. 6, 1G; 3,2C) <br />1 <br />r <br />CITY 14ANAGER <br />RECOMMENDED ACTION <br />CLERK OF COUNCIL USE ONLY: <br />APPROVED <br />❑ As Recommended <br />❑ As Amended <br />❑ Ordinance on 1s' Reading <br />❑ Ordinance on 2n° 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 Agreements for the Exchange of <br />Real Property listed below and goodwill (if any) with the following property owners, subject to <br />nonsubstantive changes approved by the City Manager and City Attorney: <br />No. Property Owner Property commonly Acquisition Amount <br />known as / location Type <br />Southern California 1217 N. Bristol St. Exchange $0 <br />Edison Company (APN 405-274-11) <br />DISCUSSION <br />Bristol Street is a north -south transportation corridor designated as a major arterial highway in the <br />City's Circulation Element of the General Plan. Improving the 3.9 -mile Bristol Street segment <br />from Warner Avenue to Memory Lane has been a long-term priority that is being constructed in <br />several phases. Improvements include widening the street from two to three lanes in each <br />direction, raised landscape medians, and bike lanes. The City is acquiring properties for the <br />development of Phase 3A, bounded by Civic Center Drive and Washington Avenue. Property <br />acquisitions for this phase are expected to be completed by spring 2019 and construction is <br />anticipated to begin in summer 2019. <br />The property exchange is necessary to accommodate the improvements and widening for Phase <br />3A. Southern California Edison (SCE) has a power substation situated on property that fronts <br />Bristol just south of Washington. In order to accommodate the improvements for Phase 3A, SCE <br />has agreed to relocate their substation to a portion of City -owned property within the same block <br />(Exhibit 1). The City has agreed to exchange the rear portion of City -owned 911 North Bristol with <br />SCE. Under the Agreement (Exhibit 3), the parties will exchange fee interests in their respective <br />properties with no further compensation. The appraised values of the two properties are <br />25A-1 <br />