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Settlement Agreements For <br />Bristol Street Corridor <br />June 6, 2011 <br />Page 2 <br />DISCUSSION <br />On March 6, 2006, the City Council approved the cooperative agreement between the City and the <br />Orange County Transportation Authority to fund Bristol Street improvements from Warner Avenue <br />to Seventeenth Street. The first phase of the project (between Pine Street and McFadden Avenue) <br />was completed in April 2011. The Public Works Agency is acquiring property for the second <br />phase of the project (between Third Street and Civic Center Drive). <br />To accommodate the widening of the second phase, acquisition of the entire properties located at <br />510, 828, and 1631 North Bristol are required (Exhibit 1). This acquisition also necessitates the <br />relocation of all the tenants in the building. Tenants have agreed to the settlement amounts for the <br />relocation of their business (Exhibit 2). <br />ENVIRONMENTAL IMPACT <br />In accordance with the California Environmental Quality Act, the proposed project has been <br />determined to be adequately evaluated in the previously prepared Environmental Impact <br />Report/Environmental Impact Assessment No. 89-01 approved by City Council in 1990. <br />FISCAL IMPACT <br />Funds are appropriated in the Select Street Construction Fund (accounting unit 05917661-66100). <br />APPROVED AS TO FUNDS AND ACCOUNTS: <br />r <br />Raul Godinez II ~ <br />Executive Direct <br />Public Works Agency <br />b 1.? ? J?rZ <br />Francisco Gutierrez <br />Executive Director <br />Finance & Management Services Agency <br />RG/SA <br />Exhibit 1: Location map <br />Exhibit 2: Agreements <br />25G-2