20E - AA - BRISTOL ST IMPROVEMENTS

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Real Property Purchase Agreements per RFP 19-026 November 19, 2019 Page 3 15. Approve an appropriation adjustment recognizing revenue in the amount of $5,498,000 in Select Street Construction Fund revenue account for Fiscal Year 2019-20 from the sale of City -owned property located at various locations and appropriating the same to the OCTA Bristol Street Corridor Improvements expenditure account. Receipt of Measure M Street Construction proceeds in the amount of $2,606,200 will be disbursed to the Orange County Transportation Authority (OCTA). DISCUSSION The City is the owner of substantial real property assets and interests that were specifically acquired for various street widening projects. Approval of recommended actions will allow the City to sell such City -owned vacant property acquired with Orange County Transportation Authority (OCTA) Right -of -Way restricted grant funds, and return proceeds of sale to Bristol Street Improvement Project, and funding agency, proportionally based on match requirements, consistent with Comprehensive Transportation Funding Program (CTFP) Cooperative Agreement C-6-0069 between respective agencies. On April 2, 2019, the City issued Request for Proposals (RFP) 19-026 that solicited the sale and development of eighty-eight (88) individual properties that were grouped into twenty-two (22) combined properties with discreet parcel identification numbers (Parcel IDs) and detailed in Exhibit 1 and the table below. These parcels were combined into larger residential (10 parcels), commercial (9 parcels), and professional office (3 parcels) lots to provide the greatest public benefit and to ensure that the lots met the minimum development standards based on zoning. The properties that are the subject of the RFP are leftover parcels from full parcel acquisitions that were originally made for street -widening projects now completed. The full parcel acquisitions were made following the City's environmental analysis that the project impacts could not be adequately mitigated if only partial acquisitions were made. When full acquisitions are made under these circumstances, some leftover land ordinarily results. These parcels have remained vacant since project completion, and have always been held for the purpose of exchange only. To provide an opportunity for all interested parties to submit proposals, RFP was solicited electronically via the City's web -based electronic procurement system, PlanetBids. Through the PlanetBids online portal, vendors may register to receive notifications on all current and future City projects, as well as download RFP documents, receive project updates, and submit proposals electronically. A total of 147 vendors were notified of the project via PlanetBids, and 51 prospective bidders downloaded the RFP document. On May 29, 2019, 47 proposals were received, accompanied by $260,459 in deposit checks (approximately 1 % of proposed bid amounts) from 11 vendors. Out of the RFP's 22 parcel IDs, six (6) combined properties did not receive proposals. During the Evaluation process, one proposal was deemed non -responsive based on zoning requirements delineated in the RFP. The proposals were evaluated and ranked by a review committee comprised of representatives from Public Works Agency, Community Development Agency, Planning and Building, and Finance Management Services. Ranking criteria included Project Team, Experience, Proposed Development Concept, and Financial Capacity; Bid Amount and Deposit Verification; Fiscal and