25I - AGMT - BRISTOL ST TENANT PHASE 4

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Tenant Interest Purchase Agreement - Bristol Phase 4 May 2, 2017 Page 2 respective tenant - seller. The purchase price for the acquisition listed above is shown in the corresponding agreement (Exhibit 2). STRATEGIC PLAN ALIGNMENT Approval of this item supports the City's efforts to meet Goal #6 — Community Facilities & Infrastructure, Objective #1 (establish and maintain a Community Investment Plan for all City assets), Strategy G (develop and implement the City's Capital Improvement Program in coordination with the Community Investment and Deferred Maintenance Plans). Approval of this item also supports the City's efforts to meet Goal #3 — Economic Development, Objective #2 (create new opportunities for business /job growth and encourage private development through new General Plan and Zoning Ordinance policies), Strategy C (support business development and job growth along transit corridors through the completion of critical transit plans /projects). ENVIRONMENTAL IMPACT In 1990, City Council approved the Bristol Street Final Environmental Impact Statement/Environmental Impact Report (FEIS /EIR No. 89 -01). Due to several minor design modifications in Phase 4, which lies between Warner Avenue and St. Andrew Place, an Addendum to the FEIS /EIR was prepared and adopted pursuant to the California Environmental Quality Act by City Council on April 7, 2015. FISCAL IMPACT Funds are available in the Bristol Street Improvements Project (No. 116741) for expenditure in FY 2016 -2017 in the Select Street Construction Fund (Account No. 05917661 - 66100), subject to nonsubstantive changes. APPROVED AS TO FUNDS & ACCOUNTS: Fred Mousavipour Francisco Gutierrez Q Executive Director Executive Director N Public Works Agency Finance & Management Services Agency FM /EWG /JG /ML Exhibits: 1. Location Map 2. Agreement for APN 015 - 194 -36 251 -2