25zAA - 323 S BRISTOL - Laserfiche WebLink

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REQUEST FOR COUNCIL ACTION CITY COUNCIL MEETING DATE: CLERK OF COUNCIL USE ONLY: DECEMBER 3, 2007 TITLE: ACQUISITION AND RELOCATION OF JC REALTORS, INC. AND JERONIMO CHAVEZ INCOME TAX SERVICE AT 323 S. BRISTOL STREET (PROJECT 06-1500) APPROVED o As Recommended o As Amended o Ordinance on 1s1 Reading o Ordinance on 2nd Reading o Implementing Resolution o Set Public Hearing For CONTINUED TO FILE NUMBER RECOMMENDED ACTION Direct the City Attorney to prepare and authorize the City Manager and Clerk of the Council to execute an acquisition and relocation agreement with Jeronimo and Guadalupe Chavez, dba JC Realtors, Inc. and Jeronimo Chavez Income Tax Service totaling $200,000. DISCUSSION On May 7, 2007 the City Council approved the cooperative agreement between the City and the Orange County Transportation Authority to fund Bristol Street improvements from McFadden Avenue to Pine Street. Improvements include widening of the street from four lanes to six, construction of landscaping in the parkways and the median islands, traffic improvements, drainage structures, sound walls, and other amenities as outlined in the Specific Plan. To accommodate the widening, the acquisition of the entire property at 323 S. Bristol was necessary. The real property acquisition process was completed by the City on October 26, 2006 (Exhibit 1). Consequently, the City's acquisition resulted in the displacement of the businesses operated by Jeronimo and Guadalupe Chavez. The California Relocation Assistance Law requires the City to pay just compensation to the business owner associated with the relocation of the displaced businesses. The settlement agreement with the business owner will authorize the purchase of the tenant's immovable fixtures and equipment, paYment for accumulated bonus value, loss of business goodwill and relocation benefits, totaling $200,000. 25AA-1