25C - PURCHASE AGREEMENTS BRISTOL STREET CORRIDOR PROJECT 081700

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REQUEST FOR COUNCIL ACTION' CITY COUNCIL MEETING DATE: CLERK OF COUNCIL USE ONLY: JANUARY 17, 2012 TITLE: APPROVED PURCHASE AGREEMENTS ? As Recommended FOR BRISTOL STREET CORRIDOR El Amended El Or dinance on 15` Reading (PROJECT NO. 081700) ? Ordinance on 2nd Reading ? Implementing Resolution ? 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 purchase agreements subject to nonsubstantive changes approved by the City Manager and City Attorney: 1. Cynthia Castillo, Maximino Castillo and Raquel Madrigal Castillo for the purchase of a portion of the property located at 1309 west Seventh Street in the amount of $1,105. 2. Maria L. Reyes for the purchase of a portion of the property located at 1312 West Seventh Street in the amount of $2,500. 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 complete. Public Works is acquiring property for the second phase of the project, between Third Street and Civic Center Drive, and expects to complete the acquisition process by mid-April 2012 and start construction in summer 2012. To accommodate the widening for the second phase, partial acquisition of the two properties located at 1309 and 1312 West Seventh Street are required (Exhibit 1). The compensation amount is the appraised value prepared by an appraiser licensed by the State of California. 25C-1