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. ~ } • <br />REQUEST FOR <br />` COUNCIL ACTION <br />CITY COUNCIL MEETING DATE: <br />FEBRUARY 20, 2001 <br />TITLE: <br />~~~ <br />Eduntion 1St <br /> <br />CLERK OF COUNCIL USE ONLY: <br />APPROVED 8 2 ~ 2001 <br />As Recommend~dE <br />As Amended <br />^ Ordinance on 15` Reading <br />^ Ordinance on 2"d Reading <br />^ Implementing Resolution <br />^ Set Public Hearing For <br />CONTINUED TO <br />RECOMMENDED ACTION <br />FILE NUMBER <br />1. Authorize the Mayor and the Clerk of the Council to execute an <br />agreement with the State of California, Department of Transportation <br />for the purchase of the property located at 2127 N. Main Street and <br />2060 N. Bush Street, also as described Director's Deed DD-069306-01-01, <br />in the amount of $450,000. <br />2. Approve an appropriation adjustment transferring $108,000 from the <br />Educational Revenue Augmentation Fund Relief Revenue account (account <br />no. 11-01-5699-11) to the Capital Outlay Fund (account no. 51-271- <br />6611) for the purpose of purchasing the property. <br />DISCUSSION <br />In the late 1980's, the City established the Santa Ana Museum District, <br />which is a triangular area bounded by the Santa Ana Freeway to the east, <br />Broadway to the West, and Seventeenth Street to the south. The District <br />plan called for mixed-use cultural and commercial development. This <br />triangular 90-acre area contains the Bowers Museum, Kidseum and St. <br />Joseph's Ballet, and is adjacent to Discovery Science Center. <br />The property at 2127 N. Main Street and 2060 N. Bush Street is within the <br />limits of the district (Exhibit 1). It is the excess portion of a group of <br />parcels acquired by the State of California, Department of Transportation <br />(Caltrans) for the recent I-5 Freeway widening. Public Works Agency staff <br />has had discussions with Caltrans regarding the sale of the property. The <br />area of the property totals 35,385 square feet. It is comprised of two <br />parcels separated by an alley right of way (Exhibit 2) Caltrans has <br />agreed to sell the property to the City for the appraised value of <br />$450,000 plus $3,000 to cover escrow costs. The City will provide $135,000 <br />down payment and finance $315,000 through Caltrans over a four-year <br />period. <br />Page 63 25. K. <br />PURCHASE AGREEMENT WITH STATE <br />DEPARTMENT OF TRANSPORTATION <br />FOR 2127 N. MAIN STREET AND <br />2060 N. BUSH STREET <br />