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Item 26 - Approve Purchase and Sale Agreement with Life Cycle Management
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12/21/2021 Regular
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Item 26 - Approve Purchase and Sale Agreement with Life Cycle Management
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4/9/2024 8:28:04 AM
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City Clerk
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Agenda Packet
Agency
Clerk of the Council
Item #
26
Date
12/21/2021
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Purchase and Sale Agreement — 1725 N. Bristol St. <br />December 21, 2021 <br />Page 2 <br />This site will be developed in accordance with the Bristol Corridor Specific Plan as part of <br />future Bristol Street improvements north of 17t" Street. <br />ENVIRONMENTAL IMPACT <br />There is no environmental impact associated with this action. <br />FISCAL IMPACT <br />Approval of the reallocation of unspent OCTA Bristol Street Corridor Improvement funds <br />in the amount of $40,864 will be available in the OCTA Bristol Street Corridor <br />Improvements, Improvements Other Than Building expenditure account (No. 05917661- <br />66220). The remaining funds in the amount of $86,836 to fully fund the total expenditure <br />of $127,700 are in the Measure M Street Construction Fund (Account No. 03201001- <br />20215). <br />Accounting Unit - <br />Accounting Unit <br />Fiscal Year <br />Account No. <br />Fund Description <br />- Account No. <br />Amount <br />Description <br />Current Available Funding <br />Measure M2 <br />Measure M <br />Local Fairshare, <br />2021-2022 <br />03201001-20215 <br />Street <br />Due To Other <br />$86,836 <br />Construction <br />Agencies <br />OCTA <br />Project Budget Reallocation <br />OCTA Bristol <br />05917661-66220 <br />Street Corridor <br />2021-2022 <br />(From Proj. 11-6741 <br />Select Street <br />Improvement,C <br />$40,864 <br />To Proj. 17-6887) <br />Construction <br />Improvements <br />Other Than <br />Building <br />TOTAL: <br />$127,700 <br />EXHIBIT(S) <br />1. Location Map <br />2. Purchase and Sale Agreement <br />Submitted By: Nabil Saba, P.E., Executive Director — Public Works Agency <br />Approved By: Kristine Ridge, City Manager <br />
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