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Real Property Purchase Agreement - Warner Avenue Improvements, Phase 2 November 5, 2019 Page 3 to complete the requested property purchases. The $502,500 Appropriation Adjustment (Recommended Action No. 2) will provide funding to cover project delivery costs (i.e., property acquisition services, right-of-way management, etc.) through MOE renewal. If the City does not receive the Measure M2 funding as expected, this project will be backfilled with an alternative funding source, such as the General Fund. Approval of the requested Appropriation Adjustments will provide $772,500 for property acquisition and $502,500 for project delivery costs from the Measure M-Street Construction revenue account (No. 03217002-52332) and appropriate the same amount to the Measure M2 Competitive Street, Land expenditure account (No. 03217663-66100). With $257,500 from the City of Tustin contribution already budgeted in the Warner Avenue Improvements Project (No. 18-6901), a total of $1,532,500 will then be available for property acquisition and right-of-way management expenditures in FY 2019-20 as follows: Accounting Accounting Unit —Account Fiscal Year Unit— Fund Description No. Description Amount Account No. PROPERTY ACQUISITION FY 2019-20 03217663- Measure M- Measure M2 Competitive $772,500 66100 Street Construction Street — Land FY 2019-20 05917668- Select Street Construction Warner Ave -Tustin CFD — $257,500 66100 (City of Tustin Contribution) Land TOTAL PROPERTY PURCHASE AGREEMENTS: $1,030,000 PROJECT DELIVERY FY 2019-20 03217663- Measure M- Measure M2 Competitive $502,500 66100 Street Construction Street — Land TOTAL RIGHT-OF-WAY MANAGEMENT: $502,500 TOTAL: $1,532,500 Fuad S. Sweiss, PE, PLS Kathryn Downs, CPA Executive Director Executive Director Public Works Agency Finance and Management Services Agency M&NWAVHecHiaercrL9 Exhibits: 1. Location Map 2. Purchase Agreement —APN 016-104-29 3. Purchase Agreement —APN 016-105-20 r1-