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REQUEST FOR <br />COUNCIL ACTION <br />CITY COUNCIL MEETING DATE: <br />FEBRUARY 20, 2018 <br />TITLE: <br />APPROVE PROPERTY EXCHANGE <br />AND TENANT INTEREST PURCHASE <br />AGREEMENTS FOR BRISTOL STREET <br />IMPROVEMENTS PHASE 4 (PROJECT <br />NO. 116741, NON -GENERAL FUND) <br />(STRATEGIC PLAN NOS. 6, 1 G; 3, 2C) <br />Cl ANAGER <br />RECOMMENDED ACTION <br />CLERK OF COUNCIL USE ONLY: <br />APPROVED <br />❑ As Recommended <br />❑ As Amended <br />❑ Ordinance on 1s' Reading <br />❑ Ordinance on 2nd Reading <br />❑ Implementing Resolution <br />❑ Set Public Hearing For <br />CONTINUED TO <br />FILE NUMBER <br />Authorize the City Manager and Clerk of the Council to execute Agreements for the Exchange of <br />Real Property and Tenant Interest in the property listed below and goodwill (if any) with the <br />following property owner, subject to nonsubstantive changes approved by the City Manager and <br />City Attorney: <br />No. Property Owner Property commonly Acquisition Amount <br />known as / location Type <br />1. Dianne Rose Mendez <br />2223 S. Bristol St. Exchange $0 <br />(APN 015-194-28) <br />Dianne Rose Mendez, <br />Javier Mendez dba J.M. <br />2223 S. Bristol St. Tenant $51,980 <br />2. Realty, Orange County <br />(APN 015-194-28) Interest <br />Community Funding Inc. <br />DISCUSSION <br />Bristol Street is a north -south transportation facility which is designated as a major. arterial <br />highway in the City's Circulation Element of the General Plan. Improving the 3.9 -mile Bristol <br />Street segment from Warner Avenue to Memory Lane has been a long-term priority project that is <br />being constructed in several phases. Improvements include widening the street from two to three <br />lanes in each direction, raised landscape medians, and adding bike lanes. The City is acquiring <br />properties for the development of Phase 4, bounded by Warner Avenue and Saint Andrew Place. <br />Property acquisitions for this phase are expected to be completed by spring 2018, and <br />construction is anticipated to begin in summer 2018. <br />25F-1 <br />