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Purchase Agreement for Real Property Acquisition Warner Avenue Improvements Phase 1 November 20, 2018 Page 2 determined based on the appraised values prepared by a California State licensed appraiser and were accepted by the property owners. The compensation amounts listed above are incorporated in the attached agreements (Exhibits 2, and 3). STRATEGIC PLAN ALIGNMENT Approval of this item supports the City's efforts to meet Goal #6 — Community Facilities & Infrastructure, Objective #1 (establish and maintain a Community Investment Plan for all City assets), Strategy G (develop and implement the City's Capital Improvement Program in coordination with the Community Investment and Deferred Maintenance Plans). Approval of this item also supports the City's efforts to meet Goal #3 — Economic Development, Objective #2 (create new opportunities for business/job growth and encourage private development through new General Plan and Zoning Ordinance policies), Strategy C (support business development and job growth along transit corridors through the completion of critical transit plans/projects). ENVIRONMENTAL IMPACT On September 1, 2015, City Council approved the Warner Avenue Final Environmental Impact Statement (SCH No. 2012101004). FISCAL IMPACT Funds in the amount of $27,600 are available in the Warner Avenue Improvements Project (No. 14-6802) for expenditure in FY 2018-19: $20,700 in the Measure M2 Competitive Street Fund (Account No. 03217663-66100) and $6,900 in the Transportation System Improvement Area B Fund (Account No. 99217950-66100), subject to nonsubstantive changes. APPROVED AS TO FUNDS AND ACCOUNTS: Fuad S. S iveiss, PE, PLS Kathryn Downs, CPA �xLC03'a Executive Director Executive Director Public Wo ks Agency Finance and Management Services Agency Exhibits: 1. Location Map 2. Purchase Agreement — APN 016-034-01 3. Purchase Agreement — APN 016-034-26 25G-2