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<br /> <br /> <br /> <br /> I <br /> REQUEST FOR <br /> COUNCIL ACTION <br /> <br /> CITY COUNCIL MEETING DATE: CLERK OF COUNCIL USE ONLY: <br /> <br /> JUNE 4, 2012 <br /> <br /> TITLE: APPROVED <br /> ACQUISITION SETTLEMENT ? As Recommended <br /> AGREEMENT FOR BRISTOL STREET El Amended <br /> El Or dinance on 15t Reading <br /> CORRIDOR (PROJECT NO. 081700) ? Ordinance on 2"d Reading <br /> NON-GENERAL FUND ? Implementing Resolution <br /> ? Set Public Hearing For <br /> <br /> f CONTINUED TO <br /> FILE NUMBER <br /> CITY MANA ER <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 Mr. Chris Yoh, Luv-N-Donuts located at 410 North Bristol Unit A, in <br /> the amount of $26,000 subject to nonsubstantive changes approved by the City Manager and <br /> City Attorney. <br /> <br /> DISCUSSION <br /> <br /> On March 6, 2006, the City Council approved the cooperative agreement between the City and <br /> the Orange County Transportation Authority to fund Bristol Street improvements from Warner <br /> Avenue to Seventeenth Street. The first phase of the project, between Pine Street and <br /> McFadden Avenue, is complete. Public Works is acquiring property for the second phase of the <br /> project, between Third Street and Civic Center Drive, and expects to complete the acquisition <br /> process by mid-July 2012 and start construction in fall 2012. <br /> <br /> To accommodate the widening for the second phase, partial acquisition, cut and reface of <br /> property located at 410 North Bristol are required (Exhibit 1). This partial acquisition also <br /> necessitates the relocation of the Luv-N-Donuts business to an interior unit in the same building. <br /> In addition, the business will suffer a loss of goodwill during the cut and reface of the building. <br /> Compensation in the amount of $26,000 is the appraised value prepared by an appraiser <br /> licensed by the State of California. Mr. Yoh has agreed to the compensation amount as a <br /> comprehensive settlement. <br /> <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 EIR No. 89-01 approved by City Council in 1990. <br /> <br /> 25H-1 <br />