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A M <br />• <br />CITY COUNCIL MEETING DATE: <br />DECEMBER 6, 2016 <br />TITLE: <br />APPROVE TENANT -INTEREST PURCHASE <br />AGREEMENTS FOR BRISTOL STREET <br />IMPROVEMENTS, PHASE 3A <br />(PROD. NO. 136792 NONGENERAL FUND) <br />{STRATEGIC PLAN NOS. 6, 1G; 3, 2C} <br />c <br />e4 __� — <br />s <br />CITY MAN ER <br />CLERK OF COUNCIL USE ONLY: <br />APPROVED <br />❑ <br />As Recommended <br />❑ <br />As Amended <br />❑ <br />Ordinance on 15` Reading <br />❑ <br />Ordinance on 2n' Reading <br />❑ <br />Implementing Resolution <br />❑ <br />Set Public Hearing For <br />CONTINUED TO <br />FILE NUMBER <br />Authorize the City Manager and Clerk of the Council to execute purchase agreements of Tenant <br />Interest in the properties listed below and goodwill (if any) with the following property owners, <br />subject to nonsubstantive changes approved by the City Manager and City Attorney: <br />No. Property Owner Property commonly known as / location Amount <br />1 Phuc Duc Nguyen 1111 N Bristol Street, Suite C $16,357 <br />Nails Pro (APN 405-274-10) <br />2 Reyna Talavera 1111 North Bristol Street, Suite E $26,940 <br />Queens Beauty Salon (APN 405-274-10) <br />3 Hugo Solorzano Hernandez 1111 North Bristol Street, Suite H $41,290 <br />Computer Repair (APN 405-274-10) <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 />On August 16, 2016, the City Council approved the purchase agreement for 1111 North Bristol <br />Street. In order to complete full possession and prepare the area for improvement and widening, <br />the tenant -interests acquisitions in 1111 North Bristol Street (Exhibit 1) are also necessary. The <br />tenants listed above agreed to quitclaim all of their tenancy interests including loss of goodwill for <br />2501-1 <br />