HomeMy WebLinkAbout25Z - 1007 AND 1011 BRISTOL ST
REQUEST FOR
COUNCIL ACTION
CITY COUNCIL MEETING DATE:
CLERK OF COUNCIL USE ONLY:
DECEMBER 3, 2007
TITLE:
PURCHASE AGREEMENT FOR
PORTION OF 1007 AND 1011 S.
BRISTOL STREET (PROJECT 06-1S00)
APPROVED
o As Recommended
o As Amended
o Ordinance on 1 st Reading
o Ordinance on 2nd Reading
o Implementing Resolution
o Set Public Hearing For
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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 Aurora Angel
for the purchase of a portion of the commercial property located at
1007 and 1011 S. Bristol in the amount of $937,000.
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 a portion of the
above property is required (Exhibit 1). The purchase amount is the
appraised value prepared by an appraiser licensed in the State of
California.
25Z-1
Angel Purchase Agreement
December 3, 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.
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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James GRoss
Executive Director
Public Works Agency
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Francisco Gutierrez
Executive Director
Finance & Mgmt. Services Agency
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LEGEND
~:2~,(~~~ SUBJECT PROPERTIES
ACQUIRED PROPERTIES
WALNUT ST.
TOLLIVER
712
716
720
.802
800
PINE ST.
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CHESTNUT
814
..818 C1.!.
82,2
902.
u
MCFADDEN AVENUE
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MA TCHLlNE
SEE ABOVE LEFT
EXHIBIT 1
SM~TA M~A
, t CITY COUNCIL
F; 1I,' ' AGENDA DATE
'VI' ,--'1 ,
DECEMBER 3, 2007
TITLE: PURCHASE AGREEMENT FOR
PORTION OF
1007 AND 1011 S. BRISTOL STREET
(PROJECT 06-1500)
PlJBlICWORK',AGtNCY
25Z-3
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N.TS
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