25H - SETTLEMENT AGMT - BRISTOL ST CORRIDOR

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REQUEST FOR COUNCIL ACTION CITY COUNCIL MEETING DATE: MARCH 7, 2011 TITLE: SETTLEMENT AGREEMENTS FOR BRISTOL STREET CORRIDOR (PROJECT NO. 081700) CITY MANAGER RECOMMENDED ACTION CLERK OF COUNCIL USE ONLY: APPROVED ? As Recommended ? As Amended ? Ordinance on 1St Reading ? Ordinance on 2"d Reading ? Implementing Resolution ? Set Public Hearing For CONTINUED TO FILE NUMBER Authorize the City Manager and Clerk of the Council to execute the attached agreements, subject to nonsubstantive changes approved by the City Manager and City Attorney: • Alianza Legal Hispana for acquisition settlement for the business located at 828 N. Bristol Street, Suite 105 in the amount of $26,390. • JLT Enterprises for acquisition settlement for the business located at 828 N. Bristol Street Suite 100 in the amount of $21,995. 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 under construction and is expected to be completed by April 2011. Public Works is acquiring property for the second phase of the project, between Third Street and Civic Center Drive, as well as the intersection of Bristol Street and Warner Avenue. To accommodate the widening for the second phase, the entire property located at 828 N. Bristol was acquired in November 2010 (Exhibit 1). This acquisition also necessitates the relocation of all tenants in the building. Alianza Legal Haspana and JLT Enterprises are two of the tenants that have agreed to the settlement agreements for their relocation benefits. The compensation amounts are the appraised values prepared by an appraiser licensed by the State of California. 25H-1