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<br /> <br /> <br /> <br /> REQUEST FOR <br /> <br /> COUNCIL ACTION <br /> <br /> CITY COUNCIL MEETING DATE: CLERK OF COUNCIL USE ONLY: <br /> <br /> APRIL 2, 2012 <br /> <br /> TITLE: APPROVED <br /> ACQUISITION SETTLEMENT ? As Recommended <br /> AGREEMENT FOR BRISTOL STREET El Amended <br /> El Or dinance on 151 Reading <br /> CORRIDOR (PROJECT NO. 081700) ? Ordinance on 2nd Reading <br /> ? Implementing Resolution <br /> ? Set Public Hearing For <br /> CONTINUED TO <br /> FILE NUMBER <br /> <br /> CITY MANAGER <br /> <br /> <br /> RECOMMENDED ACTION <br /> <br /> Authorize the City Manager and Clerk of the Council to execute the attached acquisition <br /> settlement agreement with Abel Torres in the amount of $22,000 subject to nonsubstantive <br /> changes approved by the City Manager and City Attorney. <br /> <br /> <br /> DISCUSSION <br /> <br /> On February 2, 2009, the City Council approved the purchase agreement between the City and <br /> Mary Jane Draganza as Trustee of the Draganza Family Trust. The agreement was to purchase <br /> the property located at 517 North Bristol as part of the second phase of the Bristol Street <br /> Widening Project between Third Street and Civic Center Drive. <br /> <br /> As part of the relocation process, the tenant, Abel Torres, is entitled to goodwill benefits. Staff <br /> has been negotiating with Mr. Torres and has reached a comprehensive settlement agreement. <br /> The compensation amount is the based on a loss-of-goodwill study prepared by an appraiser <br /> licensed by the State of California. <br /> <br /> ENVIRONMENTAL IMPACT <br /> <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 EIR No. 89-01 approved by City Council in 1990. <br /> <br /> <br /> <br /> <br /> <br /> 25D-1 <br />