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<br />REQUEST FOR <br />COUNCIL ACTION <br /> <br /> <br />CITY COUNCIL MEETING DATE: <br /> <br />CLERK OF COUNCIL USE ONLY: <br /> <br />DECEMBER 18, 2006 <br /> <br />TITLE: <br />PURCHASE AGREEMENTS FOR <br />BRISTOL STREET CORRIDOR <br />(PROJECT 06-1500) <br /> <br />APPROVED <br /> <br />o As Recommended <br />o As Amended <br />o Ordinance on 1 sl Reading <br />o Ordinance on 2nd Reading <br />o Implementing Resolution <br />o Set Public Hearing For <br /> <br />,It <br />I <br /> <br /> <br />d <br />, .. Cr <br />! I <br /> <br /> <br />V RECOMMENDED ACTION <br /> <br />C(~ <br /> <br />CI Y MANAGER <br /> <br />CONTINUED TO <br /> <br />FILE NUMBER <br /> <br />Direct the City Attorney to prepare and authorize the City Manager <br />and Clerk of the Council to execute agreements with: <br /> <br />· Jose Luis Rodriguez for the purchase of the residential <br />property located at 309 S. Bristol in the amount of $510,000; <br /> <br />· Bertha Soto for the purchase of the commercial property <br />located at 701 S. Bristol in the amount of $918,940. <br /> <br />DISCUSSION <br /> <br />On March 6, 2006 the City Council approved the cooperative agreement <br />between the City and the Orange County Transportation Authority to <br />fund Bristol Street improvements from McFadden Avenue and Pine <br />Street. Improvements include widening of the street from four lanes <br />to six, construction of landscaping in the parkways and the median <br />islands, traffic improvements, drainage structures, sound walls, and <br />other amenities as outlined in the Specific Plan. In order to <br />accommodate the widening, the acquisition of entire properties, as <br />listed above, are required (Exhibit 1). The purchase amounts are the <br />appraised value prepared by an appraiser licensed in the State of <br />California. <br /> <br />25G-1 <br />