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REQUEST FOR <br />COUNCIL ACTION <br />CITY COUNCIL MEETING DATE: <br />JANUARY 5, 2009 <br />TITLE: <br />PURCHASE AGREEMENT FOR BRISTOL <br />STREET CORRIDOR (PROJECT 08- <br />1700-C) <br />' ~ - Cil`X~llANAGER L <br />ECOMMENDED ACTION <br />CLERK OF COUNCIL USE ONLY: <br />APPROVED <br />^ As Recommended <br />^ As Amended <br />^ Ordinance on 1St Reading <br />^ Ordinance on 2"d Reading <br />^ Implementing Resolution <br />^ Set Public Hearing For <br />CONTINUED TO <br />FILE NUMBER <br />Authorize the City Manager and Clerk of the Council to execute the <br />attached agreement with Fredrick A. Secord, Sr. and Luz M. Secord, <br />Trustees of the Secord Family Living Trust Dated May, 25, 2000 for <br />the purchase of the property located at 712 and 716 N. Bristol in the <br />amount of $1,168,030, subject to non-substantive changes approved by <br />the City Manager and City Attorney. <br />DISCUSSION <br />On March 6, 2006 the City Council approved the cooperative agreement <br />between the City and the Orange County Transportation Authority to <br />fund Bristol Street improvements from Third Street to Civic Center <br />Drive. Improvements include widening of the street from four lanes <br />to six, construction of landscaping in the parkways and the median <br />islands, traffic improvements, drainage structures, sound walls, and <br />other amenities as outlined in the Specific Plan. <br />To accommodate the widening, the acquisition of the entire property <br />at 712 & 716 N. Bristol is required (Exhibit 1). The purchase amount <br />is the appraised value prepared by an appraiser licensed in the State <br />of California. <br />ENVIRONMENTAL IMPACT <br />In accordance with the California Environmental Quality Act, the <br />proposed project has been determined to be adequately evaluated in <br />the previously prepared Environmental Impact Report/Environmental <br />Impact Assessment EIR No. 89-01 approved by City Council in 1990. <br />25C-1 <br />