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REQUEST FOR <br />COUNCIL ACTION <br />CITY COUNCIL MEETING DATE: <br />CLERK OF COUNCIL USE ONLY: <br />MAY 1, 2018 <br />TITLE: <br />APPROVED <br />APPROVE PROPERTY EXCHANGE <br />❑ As Recommended <br />AGREEMENT FOR BRISTOL STREET <br />❑ As d <br />El Ordinance mended on Reading <br />IMPROVEMENTS PHASE 4 PROJECT <br />( <br />25 <br />El Ordinance on 2ntl Reading <br />NO. 116741, NON -GENERAL FUND) <br />❑ Implementing Resolution <br />(STRATEGIC PLAN NOS. 6, 1 G; 3, 2C) <br />❑ Set Public Hearing For <br />RECOMMENDED ACTION <br />CONTINUED TO <br />FILE NUMBER <br />Authorize the City Manager and Clerk of the Council to execute the Agreement for the Exchange <br />of Real Property with the following property owner, subject to nonsubstantive changes approved <br />by the City Manager and City Attorney: <br />No. Property Owner <br />Property commonly <br />known as / location <br />Acquisition Amount <br />Victoria Vargas Bastida (APN 015-194-23) Exchange & $325,000 <br />2205 S. Bristol St Purchase <br />(APN 015-194-24) <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 (Exhibit 1), bounded by Warner Avenue and Saint <br />Andrew Place. Property acquisitions for this phase are expected to be completed by spring 2018, <br />and construction is anticipated to begin in summer 2018. <br />This property acquisition can be completed as a "property exchange" which would be <br />advantageous to both the City and the property owner. The advantage lies in the fact that the <br />City owns unused residential parcels at 1251 West Camile Street and 1239 West Raymar Street <br />(Exhibit 2), and the property owner is interested and motivated to remain in the vicinity. <br />Settling the acquisition using a "property exchange" would also avoid litigation costs of around <br />$25,000 to $50,000. Moreover, there would be savings related to terminating the property <br />management services, currently in place to mitigate vandalism and break-ins at 1251 West <br />Camile Street and 1239 West Raymar Street. <br />25C-1 <br />