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REQUEST FOR <br />COUNCIL ACTION <br />CITY COUNCIL MEETING DATE: <br />APRIL 20, 2009 <br />TITLE: <br />PURCHASE AGREEMENT FOR BRISTOL <br />STREET CORRIDOR (PROJECT NO. 08- <br />1700-C) <br />,/ <br />f , '~ <br />~- J <br />CITY MANAGER <br />RECOMMENDED ACTION <br />CLERK OF COUNCIL USE ONLY: <br />APPROVED <br />^ As Recommended <br />^ As Amended <br />^ Ordinance on 15i Reading <br />^ Ordinance on 2nd Reading <br />^ Implementing Resolution <br />^ Set Public Hearing For_ <br />CONTINUED TO <br />FILE NUMBER <br />Authorize the City Manager and Clerk of the Council to execute the <br />attached acquisition agreement, subject to non-substantive changes <br />approved by the City Manager and City Attorney, with Santos R. Alcoser for <br />the purchase of the property located at 518 N. Bristol Street in the <br />amount of $216,000. <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 from Third Street to Civic Center Drive. <br />Improvements include 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. <br />To accommodate the widening, acquisition of the property located at 518 N. <br />Bristol is required (Exhibit 1). The property is being purchased from the <br />bank during the foreclosure process. The purchase amount is the appraised <br />value prepared by an appraiser licensed in the State of California. <br />ENVIRONMENTAL IMPACT <br />In accordance with the California Environmental Quality Act, the proposed <br />project has been determined to be adequately evaluated in the previously <br />prepared Environmental Impact Report/Environmental Impact Assessment EIR <br />No. 89-O1 approved by City Council in 1990. <br />25A-1 <br />