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REQUEST FOR <br />COUNCIL ACTION <br />CITY COUNCIL MEETING DATE: <br />SEPTEMBER 20, 2016 <br />TITLE: <br />APPROVE PURCHASE AGREEMENT FOR <br />BRISTOL STREET IMPROVEMENTS, <br />PHASE 3A (PROJ. NO. 136792 <br />NONGENERALFUND) <br />(STRATEGIC PLAN NOS. 6, 1G; 3, 2C) <br />CITY MANAGER <br />RECOMMENDED ACTION <br />CLERK OF COUNCIL USE ONLY: <br />APPROVED <br />❑ As Recommended <br />771 As Amended <br />77 Ordinance on 1't Reading <br />❑ Ordinance on 2 "d Reading <br />Q 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 <br />Tenant - Seller Alejandra Gonzalez for tenant interest in the property located at 1111 North Bristol <br />Street, Suite B, for the full purchase price of said tenant interest and goodwill (if any), in the <br />amount of $10,216, subject to nonsubstantive changes approved by the City Manager and City <br />Attorney. <br />DISCUSSION <br />Bristol Street is a north -south transportation corridor designated as a major arterial highway in the <br />City's Circulation Element of the General Plan. Improving the 3.9 -mile Bristol Street segment <br />from Warner Avenue to Memory Lane has been a long -term priority that is being constructed in <br />several phases. Improvements include widening the street from two to three lanes in each <br />direction, raised landscape medians, and bike lanes. The City is acquiring properties for the <br />development of Phase 3A bounded by Civic Center Drive and Washington Avenue. Property <br />acquisitions for this phase are expected to be completed by spring 2017 and construction is <br />anticipated to begin in summer 2017. <br />The property acquisition of 1111 North Bristol Street (Exhibit 1) is necessary to accommodate the <br />improvements and widening for Phase 3A. The City Council approved the purchase agreement <br />for 1111 North Bristol Street on August 16, 2016. Alejandra Gonzalez, tenant of Suite B, agreed <br />to quitclaim all of her tenancy interest including loss of goodwill for the purchase price of $10,216. <br />The purchase price was made based on the appraised values prepared by a State - licensed <br />appraiser, and the offer was accepted by the respective tenant - seller. The purchase price for the <br />acquisition listed above is shown in the corresponding agreement (Exhibit 2). <br />25E -1 <br />