25A - AGMT - PURCHASE AND SALE BRISTOL ST CORRIDOR

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REQUEST FOR COUNCIL ACTION CITY COUNCIL MEETING DATE: FEBRUARY 22, 2011 TITLE: PURCHASE AND SALE AGREEMENT FOR BRISTOL STREET CORRIDOR (PROJECT NO. 116744) CITY MANAGER RECOMMENDED ACTION CLERK OF COUNCIL USE ONLY: APPROVED ? As Recommended ? As Amended ? Ordinance on 151 Reading ? Ordinance on 2nd Reading ? Implementing Resolution ? Set Public Hearing For_ CONTINUED TO FILE NUMBER Authorize the City Manager and Clerk of the Council to execute the attached agreement with the Clover Family Trust, HSMM 2006 Family Trust, and Reza Fassihi for a portion of property located at 1240 West Seventeenth Street in the amount of $25,000 subject to nonsubstantive changes approved by the City Manager and City Attorney. DISCUSSION On March 6, 2006, the City Council approved the cooperative agreement between the City and the Orange County Transportation Authority to fund Bristol Street improvements from Warner Avenue to Seventeenth Street. The first phase of the project, between Pine Street and McFadden Avenue, is substantially complete. Public Works is acquiring right-of-way for the second phase as well as for the intersections of Bristol at Warner and Bristol at Seventeenth. To accommodate the widening for the intersection at Seventeenth Street, acquisition of a portion of the property located at 1240 West Seventeenth Street is required (Exhibit 1). The compensation amount is the appraised value prepared by an appraiser licensed by the State of California. ENVIRONMENTAL IMPACT In accordance with the California Environmental Quality Act, the proposed project has been determined to be adequately evaluated in the previously prepared Environmental Impact Report/Environmental Impact Assessment No. 89-01 approved by City Council in 1990. 25A-1