Laserfiche WebLink
Property Exchange: Bristol Street Improvements Phase 3A <br />January 15, 2019 <br />Page 2 <br />their respective properties with no further compensation. The appraised values of the two <br />properties are consistent with each other. <br />This property exchange will ensure that the relocated substation provides continued electrical grid <br />stability. It will also enhance the aesthetics of the corridor by removing the substation from its <br />current location adjacent to the intersection of Washington and Bristol, to a location further down <br />the block. Settling the matter also avoids litigation costs of around $50,000 to $75,000. <br />STRATEGIC PLAN ALIGNMENT <br />Approval of this item supports the City's efforts to meet Goal #6 — Community Facilities & <br />Infrastructure, Objective #1 (establish and maintain a Community Investment Plan for all City <br />assets), Strategy G (develop and implement the City's Capital Improvement Program in <br />coordination with the Community Investment and Deferred Maintenance Plans). <br />Approval of this item also supports the City's efforts to meet Goal #3 — Economic Development, <br />Objective #2 (create new opportunities for business/job growth and encourage private <br />development through new General Plan and Zoning Ordinance policies), Strategy C (support <br />business development and job growth along transit corridors through the completion of critical <br />transit plans/projects). <br />ENVIRONMENTAL IMPACT <br />In 1990, City Council approved the Bristol Street Final Environmental Impact <br />Statement/Environmental Impact Report (FEIS/EIR No. 89-01). Due to several minor design <br />modifications in Phase 4, which lies between Warner Avenue and St. Andrew Place, an Addendum <br />to the FEIS/EIR was prepared and adopted pursuant to the California Environmental Quality Act <br />by City Council on April 7, 2015. <br />FISCAL IMPACT <br />Therel�no fiscal impact associated with this action. <br />n <br />Fuad S. $weiss, PE, PLS <br />Public WoNs Agency <br />FM/EWG/JG/ST <br />Exhibits: 1. Location Map <br />2. Property Exchange Agreement <br />25H-2 <br />