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Item 16 - Purchase and Sale Agreement for 1601 and 1607 N Bristol Street
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Item 16 - Purchase and Sale Agreement for 1601 and 1607 N Bristol Street
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10/8/2024 5:44:47 PM
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10/8/2024 5:02:31 PM
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City Clerk
Doc Type
Agenda Packet
Agency
Public Works
Item #
16
Date
10/15/2024
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Public Works Agency <br />www.santa-ana.org/public-works <br />Item # 16 <br />City of Santa Ana <br />20 Civic Center Plaza, Santa Ana, CA 92701 <br />Staff Report <br />October 15, 2024 <br />AGENDA TITLE <br />Purchase and Sale Agreement and Appropriation Adjustment, in the Same Amount for <br />the Sale of City -owned Real Property, Formerly Portions of 1601 and 1607 North Bristol <br />Street, to Bristol Center Properties, LLC; Amend Purchase and Sale Agreement with <br />Bristol Center Properties to Extend the Deadline to Open A Drive-Thru Restaurant or <br />Drive-Thru Cafe at 1601 and 1607 North Bristol Street by 18 Months (Non -General <br />Fund) <br />RECOMMENDED ACTION <br />1. Approve an appropriation adjustment recognizing revenue in the amount of <br />$2,989 in the Select Street Construction Fund, Sale of Land revenue account for <br />Fiscal Year 2024-25 from the sale of City -owned property formerly portions of <br />1601 and 1607 North Bristol Street and appropriating the same amount to the <br />OCTA Bristol Street Corridor Improvements, Improvements Other Than Building <br />expenditure account. Receipt of Measure M Street Construction proceeds in the <br />amount of $6,811 will be disbursed to the Orange County Transportation <br />Authority (OCTA). (Requires five affirmative votes) <br />2. Approve an amendment to the Fiscal Year 2024-25 Capital Improvement <br />Program to include $2,989 of funding into the Bristol Street Improvements Project <br />(No. 11-6741). <br />3. Authorize the City Manager to execute a purchase and sale agreement with <br />Bristol Center Properties, LLC for the sale of 392 square feet of City -owned <br />property formerly portions of 1601 and 1607 North Bristol Street (APN 405-252- <br />21 & 22), in the amount of $9,800 (Agreement No. A-2024-XXX). <br />4. Authorize the City Manager to execute the first amendment to the agreement <br />with Bristol Center Properties to extend the deadline to open for business to the <br />public for a drive-thru restaurant or drive-thru cafe at 1601 and 1607 North Bristol <br />Street by 18 months (Agreement No. A-2024-XXX). <br />GOVERNMENT CODE 484308 APPLIES: Yes <br />
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