25E - AGMT - BIG O TIRES - Laserfiche WebLink

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REQUEST FOR COUNCIL ACTION A CITY COUNCIL MEETING DATE: CLERK OF COUNCIL USE ONLY: AUGUST 1, 2011 TITLE: APPROVED ? As Recommended ALL-INCLUSIVE SETTLEMENT ? As Amended Reading 1 s' AGREEMENT FOR 1211 WEST ? Ordinance on El Ordinance on 2 n n° Reading WARNER AVENUE (PROJECT NO. ? Implementing Resolution 091752) ? Set Public Hearing For ~ CONTINUED TO FILE NUMBER CITY MANAGER RECOMMENDED ACTION Authorize the City Manager and Clerk of the Council to execute the attached all-inclusive settlement agreement with Big O Tires, LLC in the amount of $250,000 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. As part of the street widening, the City is improving the intersection of Bristol Street and Warner Avenue. Measure M funding has been approved for the intersection widening for the amount of $3.182 million. To accommodate the widening of this intersection, the entire property located at 1211 West Warner Avenue was acquired in May 2010 (Exhibit 1). This acquisition also necessitates the relocation of the tenant in the building. The tenant, Big O Tires, has agreed to a settlement agreement for relocation benefits. The compensation amounts are the appraised values 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 EIR No. 89-01 approved by City Council in 1990. 25E-1