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REQUEST FOR <br />COUNCIL ACTION <br />CITY COUNCIL MEETING DATE: <br />OCTOBER 21, 2014 <br />TITLE: <br />PURCHASE AGREEMENTS WITH JOHN <br />R. CHRISTENSEN AND ANTONETTE L. <br />CHRISTENSEN FOR BRISTOL STREET <br />IMPROVEMENTS (PROJECT NO. 116740 <br />NONGENERAL FUND) <br />{STRATEGIC PLAN NO. 6, 1, G; AND 3, 2, <br />C} <br />�-- <br />CITY MANAGE <br />RECOMMENDED ACTION <br />CLERK OF COUNCIL USE ONLY: <br />APPROVED <br />❑ As Recommended <br />❑ As Amended <br />❑ Ordinance on 1" Reading <br />❑ Ordinance on 2nd Reading <br />❑ Implementing Resolution <br />❑ Set Public Hearing For <br />CONTINUED TO <br />FILE NUMBER <br />Authorize the City Manager and Clerk of the Council to execute a purchase agreement with John <br />R. Christensen and Antonette L. Christensen, husband and wife, as joint tenants of the property <br />located at 1421 North Bristol Street (APN 405 - 252 -18), in the amount of $425,000, for the full <br />purchase price for said real property and goodwill (if any), subject to nonsubstantive changes <br />approved by the City Manager and City Attorney. <br />DISCUSSION <br />Bristol Street is a major north -south transportation facility which is designated as a major arterial <br />highway in the City's Circulation Element of the General Plan. Improving the 3.9 -mile Bristol Street <br />segment from Warner Avenue to Memory Lane has been a long -term priority project that will be <br />constructed in several phases. Improvements include widening the street from two to three lanes <br />in each direction, raised landscape medians, and bike lanes. Public Works Agency staff is <br />assisting with property acquisitions for development of Phase 1116, bounded by Washington <br />Avenue and Seventeenth Street, and expects to complete the acquisition process by December <br />2014. Construction is anticipated to begin in early 2015. <br />To accommodate the widening for Phase 1116, acquisition of the entire property located at 1421 <br />North Bristol Street is required (Exhibit 1). An offer based on the appraised values prepared by a <br />licensed appraiser in the State of California was made and accepted by the property owners. The <br />compensation amount is $425,000 (Exhibit 2). <br />STRATEGIC PLAN ALIGNMENT <br />Approval of this item supports the City's efforts to meet Goal #6 Community Facilities & <br />Infrastructure, Objective #1 (establish and maintain a Community Investment Plan for all City <br />25HH -1 <br />