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Purchase and Sale Agreement of Portions of City -owned <br />Real Property at 827, 829, and 907 N. Bristol Street <br />November 21, 2017 <br />Page 3 <br />FISCAL IMPACT <br />The negotiated purchase price for the subject properties is $905,000. Approval of the <br />recommended Appropriation Adjustment will recognize the receipt of $603,482 into the Select <br />Street Construction Fund revenue account (No. 05917002-57071) and appropriate the same into <br />the OCTA Bristol Street Corridor Improvements Fund expenditure account (No. 05917661- <br />66100). Funds will be available for expenditure on the Bristol Street Improvements from Civic <br />Center Drive to Washington Avenue Project (No. 13-6792). The remaining proceeds of $301,518 <br />will be received into the Measure M Street Construction revenue account (No. 03217662-57071) <br />and disbursed to the Orange County Transportation Authority from the same account. <br />oV2- F•Vt4 <br />Fred Mousavipour <br />Executive Director <br />Public Works Agency <br />FM/EWG/JG/ST <br />Exhibits: 1. Location Map <br />2. Agreement <br />APPROVED AS TO FUNDS & ACCOUNTS: <br />Francisco Gutierrez <br />Executive Director <br />Finance & Management Services Agency <br />