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REQUEST FOR <br />COUNCIL ACTION <br />CITY COUNCIL MEETING DATE: <br />JANUARY 20, 2015 <br />TITLE: <br />PURCHASE AGREEMENT WITH WILLIAM <br />W. GREEN FOR BRISTOL STREET <br />IMPROVEMENTS (PROJECT NO. 116740 <br />NONGENERALFUND) <br />(STRATEGIC PLAN NO. 6, 1, G; 3, 2, C) <br />CITY MANAGE�— <br />RECOMMENDED ACTION <br />CLERK OF COUNCIL USE ONLY: <br />APPROVED <br />❑ As Recommended <br />El As Amended <br />❑ Ordinance on V' Reading <br />❑ Ordinance on 2' 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 William <br />W. Green for the property located at 1321 North Bristol Street (APN 405- 272 -15), in the amount of <br />$400,000, for the full purchase price for said real property and goodwill (if any), subject to <br />nonsubstantive changes 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 IIIB, bounded by Washington <br />Avenue and Seventeenth Street. Property acquisitions for this phase are expected to be <br />completed by early 2015, when construction is scheduled to begin. <br />To accommodate the widening for Phase IIIB, acquisition of the entire property located at 1321 <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 $400,000 (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 />assets), Strategy G (develop and implement the City's Capital Improvement Program in <br />coordination with the Community Investment and Deferred Maintenance Plans). <br />25G -1 <br />