City Council

16. Purchase and Sale Agreement and Appropriation Adjustment, in the Same Amount for the Sale of City­owned Real Property, Formerly Portions of 1601 and 1607 North Bristol Street, to Bristol Center Properties, LLC; Amend Purchase and Sale Agreement with Bristol Center Properties to Extend the Deadline to Open A Drive­ Thru Restaurant or Drive­Thru Café at 1601 and 1607 North Bristol Street by 18 Months (Non­General Fund) Department(s): Public Works Agency Recommended Action: 1. Approve an appropriation adjustment recognizing revenue in the amount of $2,989 in the Select Street Construction Fund, Sale of Land revenue account for Fiscal Year 2024­25 from the sale of City­owned property formerly portions of 1601 and 1607 North Bristol Street and appropriating the same amount to the OCTA Bristol Street Corridor Improvements, Improvements Other Than Building expenditure account. Receipt of Measure M Street Construction proceeds in the amount of $6,811 will be disbursed to the Orange County Transportation Authority (OCTA). (Requires five affirmative votes) 2. Approve an amendment to the Fiscal Year 2024­25 Capital Improvement Program to include $2,989 of funding into the Bristol Street Improvements Project (No. 11­ 6741). 3. Authorize the City Manager to execute a purchase and sale agreement with Bristol Center Properties, LLC for the sale of 392 square feet of City­owned property formerly portions of 1601 and 1607 North Bristol Street (APN 405­252­21 & 22), in the amount of $9,800 (Agreement No. A­2024­XXX). 4. Authorize the City Manager to execute the first amendment to the agreement with Bristol Center Properties to extend the deadline to open for business to the public for a drive­thru restaurant or drive­thru café at 1601 and 1607 North Bristol Street by 18 months (Agreement No. A­2024­XXX).