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HomeMy WebLinkAbout25H - BRISTOL STREET CORRIDOR REQUEST FOR COUNCIL ACTION CITY COUNCIL MEETING DATE: CLERK OF COUNCIL USE ONLY: MARCH 19, 2007 TITLE: PURCHASE AGREEMENTS FOR BRISTOL STREET CORRIDOR (PROJECT 06-1500) APPROVED o As Recommended o As Amended o Ordinance on 1" Reading o Ordinance on 2" Reading o Implementing Resolution o Set Public Hearing For cr=L ~/l.a. f / CITY MANAGER ; / \J RECOMMENDED ACTION CONTINUED TO ---- FILE NUMBER Direct the City Attorney to prepare and authorize the City Manager and Clerk of the Council to execute agreements with: Eduarda Yantuche for the purchase of the residential property located at 720 S. Bristol in the amount of $620,000; Panagon Family LTD residential property of $610,000; Partnership for located at 814 S. the purchase of the Bristol in the amount Retha A. Luckey for the purchase of the residential property located at 1306 W. Raymar in the amount of $630,000; Alejandro Ramos for the purchase of the residential property located at 1301 W. Richland in the amount of $600,000; Julio & Leticia Rivera for the purchase of the residential property located at 1302 Willits in the amount of $640,000; Valentina Ruiz for the purchase of the residential property located at 430 S. Bristol in the amount of $565,000; Barbara Farkas for the purchase of the residential property located at 818 S. Bristol in the amount of $620,000. 25H-1 Purchase Agreements For Bristol Street Corridor March 19, 2007 Page 2 DISCUSSION On March 6, 2006 the City Council approved the cooperative agreement between the City and the Orange County Transportation Authority to fund Bristol Street improvements from McFadden Avenue and pine Street. Improvements include widening of the street from four lanes to six, construction of landscaping in the parkways and the median islands, traffic improvements, drainage structures, sound walls, and other amenities as outlined in the Specific Plan. To accommodate the widening, the acquisition of the entire properties listed above is required (Exhibit 1). The purchase amounts are the appraised value prepared by an appraiser licensed in the State of California. ENVIRONMENTAL IMPACT In accordance with the California Environmental Quality Act, the proposed project has been determined to be adequately evaluated in the previously prepared Environmental Impact Report/Environmental Impact Assessment EIR No. 89-01 approved by City Council in 1990. FISCAL IMPACT Funds are appropriated in the Select Street Construction Fund (account no. 59-553-6611). APPROVED AS TO FUNDS AND ACCOUNTS: "' ~%.=.,,:,,/' ;--.~~-: . Francisco Gutierrez Executive Director dy Finance & Mgmt. Services Agency ames G. Ross xecutive Director Public Works Agency 25H-2 MA TCHLlNE SEE BOTTOM RIGHT LEGEND _ SUBJECT PROPERTIES ~ ACOUIRED PROPERTIES WALNUT ST. PINE ST. HI HLAND CHESTNUT CUBBON ST:-- LJ MCFADDEN AVENUE 1 I I1T SANTA ANA * PW A · , , CAMILE BISHOP MA TCHLlNE SEE ABOVE LEFT ~ rolTS EXHIBIT 1 CITY COUNCIL AGENDA DATE MARCH 19, 2007 TITLE' PURCHASE AGREEMENTS FOR BRISTOL STREET CORRIDOR (PROJECT 06-1500) PUellC _OAKS ~GE~CY 25H-3 SANTA ANA 25H-4