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Purchase Agreement for Real Property Acquisition <br />Warner Avenue Improvements Phase 1 <br />September 18, 2018 <br />Page 2 <br />accommodate standard curb ramp and sidewalk to meet American Disabilities Act (ADA) <br />provisions. Therefore, the partial acquisition of the front side of the property at 230 E. Warner <br />Avenue Is necessary to accommodate the proposed street improvements (Exhibit 1). The full <br />take property acquisitions at 124 and 128 E. Warner Avenue are necessary to accommodate the <br />street improvements for Phase 1. The purchase offers were determined based on the appraised <br />values prepared by a California State licensed appraiser and were accepted by the property <br />owners. The compensation amounts listed above are incorporated In the attached agreements <br />(Exhibits 2, 3, and 4). <br />STRATEGIC PLAN ALIGNMENT <br />Approval of this Item supports the City's efforts to meet Goal #6 — Community Facilities & <br />Infrastructure, Objective #1 (establish and maintain a Community Investment Plan for all City <br />assets), Strategy G (develop and implement the City's Capital Improvement Program in <br />coordination with the Community Investment and Deferred Maintenance Plans). <br />Approval of this item also supports the City's efforts to meet Goal #3 — Economic Development, <br />Objective #2 (create new opportunities for business/job growth and encourage private <br />development through new General Plan and Zoning Ordinance policies), Strategy C (support <br />business development and job growth along transit corridors through the completion of critical <br />transit pians/projects). <br />ENVIRONMENTAL IMPACT <br />On September 1, 2015, City Council approved the Warner Avenue Final Environmental Impact <br />Statement (SCH No. 2012101004). <br />FISCAL IMPACT <br />Funds in the amount of $862,050 are available in the Warner Avenue Improvements Project (No. <br />14-6802) for expenditure in FY 2018-19: $646,537.50 in the Measure M2 Competitive Street <br />Fund (Account No. 03217663-66100) and $215,512.50 in the Transportation System <br />Improvement Area B Fund (Account No. 99217950-66100), subject to nonsubstantive changes. <br />A� PPRU dED A? S TO FUNDS AND ACCOUNTS: <br />-�F�L :(:;6 tZ t�7, g <br />Fuad S. Sweiss, PE, PLS Sergio Vidal <br />Executive Director Assistant Director cr CA v <br />Public Works Agency Finance and Management Services Agency <br />FSS/EWG/JG/KN <br />Exhibits: 1. Location Map <br />2. Purchase Agreement — APN 016-031-37 <br />3. Purchase Agreement—APN 016-031-32 <br />4. Purchase Agreement — APN 016-031-40 <br />25J-2 <br />