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55D - RESO - RELOCATION PLAN BRISTOL ST IMPROVEMENTS
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55D - RESO - RELOCATION PLAN BRISTOL ST IMPROVEMENTS
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9/11/2014 5:14:37 PM
Creation date
9/11/2014 5:10:10 PM
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City Clerk
Doc Type
Agenda Packet
Agency
Public Works
Item #
55D
Date
9/16/2014
Destruction Year
2019
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Non <br />d- <br />Employees <br />Square Feet <br />Rent Range & <br />Average <br />Type <br />Number <br />Restaurant <br />1 <br />50 <br />2,510 <br />Percentage of <br />sales <br />Medical /Dental <br />4 <br />2 - 6 <br />1,214 — 4,103 <br />N/A <br />Professional Office <br />6 <br />0 - 4 <br />100-1,561 <br />$3.57 - $6.41 <br />Instructional Studio <br />1 <br />0 <br />1,800 <br />N/A <br />The average number of employees in each of the nine businesses interviewed is six (6). <br />The largest operation has fifty (50) employees and the smallest is owner occupied with <br />no employees. The average size of the space utilized by each business surveyed is <br />approximately 1,433 square feet and ranges from 100 to 4,103 square feet. The <br />average lease rate is $4.45 gross, with a range of $3.57 to $6.41 per square foot. None <br />of the businesses reported having any employees with any disabilities that would need <br />to be accommodated at a replacement site. Two of the businesses indicated that they <br />operate under a month to month rental agreement and three others did not respond to <br />the Plan survey. All respondent business owners indicated a preference to relocate <br />within the immediate area, including the Cities of Santa Ana and Orange. <br />The City's relocation consultant conducted on -site interviews from October through <br />December 2013 and evaluated each potentially impacted residential dwelling and <br />business operation in the Project area to assess the needs and requirements for a <br />replacement site. The information gathered was used as the basis for an extensive <br />resource survey to determine the availability of replacement housing and commercial <br />replacement sites. The following sources were utilized: <br />• Windshield /drive -by surveys conducted in Fountain Valley, Santa Ana and Orange <br />• Classified rental listings from local newspapers and For Rent publications <br />• Multiple- Listing Services <br />• Internet resources <br />The research encompassed dwellings for rent and for sale as well as potential <br />commercial sites for lease and for sale. Search efforts were generally contained within a <br />5 -mile radius of the Project area. <br />RESIDENTIAL PROPERTY FOR SALE <br />Current market conditions have resulted in a surplus of available replacement housing. <br />Generally, two, three and four bedroom homes are in ample supply, therefore creating a <br />sufficient number of available replacement sites for the two owner - occupants. Table 9 <br />on the following page summarizes a sample of available replacement housing listed for <br />sale. <br />55D916 <br />
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