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HomeMy WebLinkAbout25I - PROPERTY @ 124 S. BRISTOL ST. REQUEST FOR COUNCIL ACTION ~ ~ CITY COUNCIL MEETING DATE: CLERK OF COUNCIL USE ONLY: JUNE 20, 2005 TITLE: PURCHASE AGREEMENT FOR THE SPIEGEL PROPERTY LOCATED AT 124 S. BRISTOL STREET (PROJECT 1819) APPROVED D As Recommended D As Amended D Ordinance on 151 Reading D Ordinance on 2nd Reading D Implementing Resolution D 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 Spiegel Family Limited Partnership II for the purchase of 124 S. Bristol Street, in the amount of $1,010,000. DISCUSSION The Bristol Corridor Specific Plan, approved by the City Council in 1992, includes street widening on Bristol Street from Pine Street to Third Street. These improvements are needed to improve traffic flow, which is currently operating at an unacceptable level of service. Construction of these improvements is estimated to begin in the fall of 2006. To accommodate the widening, it is necessary to acquire the Spiegel property located at 124 S. Bristol Street (Exhibit 1). Efforts to relocate Spiegel's existing tenant, All Auto Parts, will continue in accordance with the Uniform Relocation Assistance Act. 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. 251-1 Purchase Agreement with Spiegel Family June 20, 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) APPROVED AS TO FUNDS AND ACCOUNTS: ~~,/~? James G. Rcfss Executive Director Public Works Agency ~.-r..."\./y to' ,- ?/ ~~~t'~~.I) ~l~. \ Francisco Gutierrez Executive Director Finance & Mgmt. Services Agency (1-1 '7 251-2 r ~ I ~ N. T.8. I I J l I I First St. " . /' +- V> - 0 +- (f) .- 124 S. Bristol L CD ~ Walnut St. " ) EXHIBIT 1 ~ ~ JrTl r/" SANTA ANA , PW A t City Council Title: PURCHASE AGREEMENT FOR THE SPIEGEL ~ -~ Agenda Date PROPERTY LOCATEO AT 124 S.BRISTOL , , "'lI'le 20, 2005 STREET (PROJECT 1819) ~ ~ -..: _s .tGOCf 251-3 251-4