HomeMy WebLinkAbout25I - PROPERTY @ 124 S. BRISTOL ST.
REQUEST FOR
COUNCIL ACTION
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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:
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James G. Rcfss
Executive Director
Public Works Agency
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Francisco Gutierrez
Executive Director
Finance & Mgmt. Services Agency
(1-1 '7
251-2
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EXHIBIT 1 ~
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, 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) ~
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251-3
251-4