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Tenant Interest Purchase Agreement for Bristol Street Improvement Phase 3A <br />January 17, 2017 <br />Page 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 />Approval of this item also supports the City's efforts to meet Goal #3 – Economic Development, <br />Objective #2 (create new opportunities for business /job growth and encourage private <br />development through new General Plan and Zoning Ordinance policies), Strategy C (support <br />business development and job growth along transit corridors through the completion of critical <br />transit plans /projects). <br />ENVIRONMENTAL IMPACT <br />In 1990, City Council approved the Bristol Street Final Environmental Impact <br />Statement/Environmental Impact Report (FEIS /EIR No. 89 -01). Due to several minor design <br />modifications in Phase 3A, which lies between Civic Center Drive and Washington Avenue, an <br />Addendum to the FEIS /EIR was prepared and adopted pursuant to the California Environmental <br />Quality Act by City Council on April 7, 2015. <br />FISCAL IMPACT <br />Funds in the amount of $220,465 are anticipated to be received by the end of January 2017, and <br />until such time, expenditures will not be incurred until receipt of funds and Finance approval. <br />Funds will be available in the Bristol Street Improvements Project (Account No. 136792) for <br />expenditure in FY 2016/2017 in the Select Street Construction Fund (Account No. 05917661- <br />66100), subject to nonsubstantive changes. <br />Jr- <br />savipour <br />Executive Director <br />Public Works Agency <br />FMMG /JG /KN /ML <br />APPROVED AS TO FUNDS & ACCOUNTS: <br />Wire s . r nos �\ . �J <br />Francisco Gutierrez <br />Executive Director <br />Finance & Management Services Agency <br />Exhibits: 1. Location Map <br />2. Agreement for APN Nos. 405 - 274 -12, 405 - 274 -13 <br />25F -2 <br />