HomeMy WebLinkAbout25D - PURCHASE AGMT BRISTOL STREQUEST FOR
COUNCIL ACTION
CITY COUNCIL MEETING DATE:
CLERK OF COUNCIL USE ONLY:
AUGUST 6, 2007
TITLE:
PURCHASE AGREEMENT FOR
BRISTOL STREET CORRIDOR (PROJECT
06-1500)
Direct the City Attorney to prepare and authorize the City
and Clerk of the Council to execute an agreement with Hector
for the purchase of the residential property located at
Bristol in the amount of $625,000.
APPROVED
^ As Recommended
^ As Amended
^ Ordinance on 1~' Reading
^ Ordinance on 2nd Reading
^ Implementing Resolution
^ Set Public Hearing For_
CONTINUED TO
FILE NUMBER
DISCUSSION
Manager
Pantoja
302 S.
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 the entire property, 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.
25D-1
Purchase Agreement
August 6, 2007
Page 2
FISCAL IMPACT
Funds are appropriated in the Select Street Construction Fund
(account no. 59-553-6611).
APPROVED AS TO FUNDS AND ACCOUNTS:
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n y ~'~' ~~ / ~~1:'~.
~ ,,, James G. Ross
`Executive Director
Public Wo rks Agency
Francisco Gutierrez
Executive Director hi
Finance & Mgmt. Services Agency
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MATCHLINE
SEE BOTTOM RIGHT
RAYMAR
LEGEND
SUBJECT PROPERTIES
ACQUIRED PROPERTIES
ST.
~ AVENUE
TOLLIVER
MCFADDEN AVENUE
MYRTLE
WILLI
MATCHLINE
SEE ABOVE LEFT
EXHIBIT 1
5""TA """ crrr couNCiL TITLE- PURCHASE AGREEMENTS FOR
P~ AGENDA DATE BRISTOL STREET CORRIDOR
AUGUST s, 200 (PROJECT 06-1500)
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