20B - AA PURCHASE SALE OF BRISTOL ST IMP PROJECT

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Purchase and Sale Agreement of Portions of City -owned Real Property at 827, 829, and 907 N. Bristol Street November 21, 2017 Page 2 draft site plan that will triple the drive-through stacking capacity and meet the site vehicular demands. DISCUSSION During the course of the Bristol Street Improvements Project, the Public Works Agency has acquired numerous properties along the corridor. The subject properties were acquired as part of Bristol Street Improvements Phase 3A (Exhibit 1), the segment bounded by Civic Center Drive and Washington Avenue. The purchase prices of the three properties acquired by the City were based on appraised values prepared by a state licensed appraiser. The portions of these properties that will remain after the Bristol Street Improvements Project is completed, and which will not be used by the project, are being held for purposes of exchange or sale. In -N -Out Burgers has agreed to acquire these properties for the appraised amount of $905,000. Sale of City Owned Parcels — Legal Authority Under the Santa Ana Municipal Code (SAMC) Section 2-706, surplus real property may be sold (after authorization by the Council) only to the highest bidder, subject to final confirmation by the Council and with notice of the sale given by newspaper publication. SAMC Section 2-709, however, provides an exemption to this procedure and permits a sale on direct negotiation without the need for public auction or competitive bidding, upon 2/3 vote of the City Council after a duly noticed public hearing. On November 7, 2017, the City Council held the required public hearing and authorized the negotiation for the sale of the real property. Staff recommends approval of the Purchase and Sale Agreement with In -N -Out Burgers to ensure that the current traffic issues are mitigated as well as businesses and residents' complaints are addressed. STRATEGIC PLAN ALIGNMENT Approval of this item supports the City's effor Infrastructure, Objective #1 (establish and mair assets), Strategy G (develop and implement coordination with the Community Investment and s to meet Goal #6 — Community Facilities & Iain a Community Investment Plan for all City the City's Capital Improvement Program in 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 development through new General Plan and Zoning Ordinance policies), business development and job growth along transit corridors through the transit plans/projects). ENVIRONMENTAL IMPACT There is no environmental impact associated with this action. 20B-2 encourage private Strategy C (support completion of critical