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REQUEST FOR <br />COUNCIL ACTION <br />CITY COUNCIL MEETING DATE: <br />MAY 3, 2016 <br />TITLE: <br />PURCHASE AGREEMENT FOR BRISTOL <br />STREET IMPROVEMENTS PHASE 4 <br />(PROJECT NO. 116741) <br />(NONGENERAL FUND) <br />{STRATEGIC PLAN NO. 6, 1G & 3, 2C) <br />CITY MANAGER <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 />a111114,101i&I ]:11V <br />Authorize the City Manager and Clerk of the Council to execute a purchase agreement for the full <br />purchase price for the real property listed below and goodwill (if any), with the following property <br />owners, subject to nonsubstantive changes approved by the City Manager and City Attorney <br />No. Property Owner Property commonly known as/located Amount <br />1 Eduardo Palacio and 1242 W. Saint Anne Place <br />Elisa Palacio (APN 015-216-01) $450,000 <br />2 Loyd Van Dan 1302 W. Saint Anne Place $540,000 <br />(APN 408-336-01) <br />Bristol Street is a 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 <br />Street segment from Warner Avenue to Memory Lane is 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 />acquiring properties for the development of Phase 4, bounded by Warner Avenue and Saint <br />Andrew Place. Property acquisitions for this phase are expected to be completed by spring <br />2017, with construction is scheduled to begin in summer 2017. <br />To accommodate the improvements and widening for Phase 4, acquisition of the entire properties <br />listed above are required (Exhibit 1). The offers were based on the appraised values prepared by <br />a licensed appraiser in the State of California and were accepted by the property owners. The <br />compensation amounts are listed above and shown in the attached agreements (Exhibits 2 and <br />3). <br />25L-1 <br />