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REQUEST FOR <br />COUNCIL ACTION <br />CITY COUNCIL MEETING DATE: <br />CLERK OF COUNCIL USE ONLY: <br />AUGUST 21, 2006 <br />TITLE: <br />PURCHASE AGREEMENTS FOR <br />BRISTOL STREET CORRIDOR (PROJECT <br />06-1500) <br />APPROVED <br />^ As Recommended <br />^ As Amended <br />^ Ordinance on 1S` Reading <br />^ Ordinance on 2nd Reading <br />^ Implementing Resolution <br />^ Set Public Hearing For_ <br />CONTINUED TO <br />FILE NUMBER <br />RECOMMENDED ACTION <br />Direct the City Attorney to prepare and authorize the City Manager and <br />Clerk of the Council to execute agreements with: <br />• Angel Hernandez and Herlinda Gramajo for the purchase of the <br />single family residence located at 305 S. Bristol Street in the <br />amount of $645,000; <br />• J. Paul and Arlene Thomassen for the purchase of the single <br />family residence located at 1255 Bishop Street in the amount of <br />$565,000; <br />• J. Paul and Arlene Thomassen for the purchase of the single <br />family residence located at 1254 Camile Street in the amount of <br />$565,000. <br />DISCUSSION <br />On March 6, 2006 the City Council approved the Cooperative Agreement <br />between the City and the Orange County Transportation Authority to fund <br />Bristol Street improvements between McFadden Avenue and Pine Street. <br />Improvements include the widening of the street from four lanes to six, <br />construction of landscaping in the parkways and the median islands, <br />traffic improvements, drainage structures, sound walls, and other <br />amenities, as outlined in the Specific Plan. In order to accommodate <br />the widening, the acquisition of entire properties, as listed above, <br />are required (Exhibit 1). The purchase amounts are the appraised value <br />prepared by an appraiser licensed in the State of California. <br />25M-1 <br />