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HomeMy WebLinkAbout25B - PURCHASE AGMTS BRISTOL STREET REQUEST FOR COUNCIL ACTION CITY COUNCIL MEETING DATE: CLERK OF COUNCIL USE ONLY: MAY 7, 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 i I I,) RECOMMENDED ACTION Direct the City Attorney to prepare and authorize the and Clerk of the Council to execute agreements with: aa:z CITY MANAGER CONTINUED TO .--' FILE NUMBER Ci ty Manager Luis Tamalatzi & Monica Cervantes for the purchase of the residential property located at 1242 W. Highland in the amount of $585,000; Myrtis Maddox for the purchase of the residential property located at 1301 Raymar in the amount of $680,000; Raul and Rosa E. Cibrian for the purchase of the residential property located at 717 S. Bristol in the amount of $690,000; Vision 123 commercial $750,000. Property Management property at 1003 S. for the Bristol purchase of in the amount the of DISCUSSION On May 7, 2007 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 entire properties, as listed above, are required (Exhibit 1). The purchase amounts are the appraised value prepared by an appraiser licensed in the State of California. 258-1 Purchase Agreements for Bristol Street Corridor May 7, 2007 Page 2 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. Purchase Agreements FISCAL IMPACT Funds are appropriated in the Select Street Construction Fund (account no. 59-553-6611). 1~~~ tflJameS G. Ross \' /j.fxecutive Director i Public Works Agency APPROVED AS TO FUNDS AND ACCOUNTS: 'i:l.\~K'\.~' '\}-....,-, ~. ~. . Francisco Gutierrez Executive Director Finance & Mgmt. Services Agency fl./' 258-2 MATCHLlNE SEE BOTTOM RIGHT LEGEND _ SUBJECT PROPERTIES ~ ACQUIRED PROPERTIES WALNUT ST. PINE ST. ~ N.TB CHESTNUT STREET CAMILE LJ MCFADDEN AVENUE I ') lIT BISHOP MATCHLlNE SEE ABOVE LEFT EXHIBIT 1 SANTA ANA SANTA ANA , PW A t , , PlJIlIC.IBSAGENCY CITY COUNCIL AGENDA DATE MAY 7, 2007 TITLE: PURCHASE AGREEMENTS FOR BRISTOL STREET CORRIDOR (PROJECT 06-1500) 258-4