HomeMy WebLinkAbout25E - PURCHASE AGMT CLEAR CHANNEL
REQUEST FOR
COUNCIL ACTION
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CITY COUNCIL MEETING DATE:
CLERK OF COUNCIL USE ONLY:
MAY 2, 2005
TITLE:
APPROVED
PURCHASE AGREEMENT FOR THE
CLEAR CHANNEL MEDIA BILLBOARD
SIGN LOCATED AT 114 S. BRISTOL
STREET (PROJECT 1819)
o As Recommended
o As Amended
o Ordinance on 1" Reading
o Ordinance on Zed Reading
o Implementing Resolution
o Set Public Hearing For
CONTINUED TO
FILE NUMBER
RECOMMENDED ACTION
Direct the City Attorney to prepare and authorize the City Manager and
Clerk of the Council to execute an agreement with Clear Channel Media for
the purchase of a billboard sign, located at 114 South Bristol Street,
totaling $19,403.
DISCUSSION
The Bristol Street widening project from Pine Street to Third Street
requires acquisition of the property located at 114 South Bristol Street.
On May 17, 2004, the City Council adopted a resolution authorizing the
condemnation of the subject real property. Included in the real property
is a billboard which is owned and operated by Clear Channel Media. To
accommodate the widening, acquisition of the billboard sign is needed
(Exhibit 1). Continued negotiations between staff and Clear Channel
Media have resulted in an accepted offer to purchase the sign for
$19,403.
ENVIRONMENTAL IMPACT
In accordance with the California Environmental Quality Act, the proposed
project has been determined to be adequately evaluated in previously
prepared Environmental Impact Report/Environmental Impact Assessment EIR
No. 89-01 approved by City Council in 1990.
25E-1
Purchase Agreement with
Clear Channel Media
May 2, 2005
Page 2
FISCAL IMPACT
Funds for the proposed acquisitions are available in the Select Street
Construction Fund (account no. 59-551-6611, project no. 1819)
1 ~'C~1)//f1M~
~James G. Ross
_ ~:~xecutive Director
. Public Works Agency
APPROVED AS TO FUNDS AND ACCOUNTS:
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Francisco Gutierrez
Executive Director
Finance & Mgmt. Services Agency
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25E-2
FIRST STREET
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EXHIBIT 1
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N.T.8.
city COUlCII
Agenda Date
May 2. 2005
TItle:
PURCHASE AGREEMENT FOR lHE CLEAR
CHANNEL MEDIA BILLBOARD SIGN LOCATED
AT 114 S, BRISTOL STf1t:1: I (PROJECT 1819)
25E-4