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Real Property Purchase Agreement - Warner Avenue Improvements, Phase 2 <br />August 18, 2020 <br />Page 2 <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 />Approval of the requested Appropriation Adjustment will recognize $446,250 in the Measure M- <br />Street Construction Fund, Measure M2 Competitive revenue account (No. 03217002-52332) and <br />appropriate the same amount into the Measure M2 Competitive Street, Land expenditure account <br />(No. 03217663-66100). The FY19-20 budget includes $148,750 from the City of Tustin contribution <br />for the Warner Avenue Improvements Project (No. 18-6901), which remains unspent. In <br />September, staff plans to request City Council approval for a carryover of the $148,750 <br />appropriation to FY20-21. When combined with the appropriation adjustment recommended in this <br />report, a total budget of $595,000 will be available for the property acquisition, as follows. <br />Accounting <br />Accounting Unit — <br />Fiscal Year <br />Unit — <br />Fund Description <br />Account No. Description <br />Amount <br />Account No. <br />PROPERTY ACQUISITION <br />FY 2020-21 <br />03217663- <br />Measure M- <br />Measure M2 Competitive <br />$446,250 <br />66100 <br />Street Construction <br />Street — Land <br />FY 2020-21 <br />05917668- <br />Select Street Construction <br />Warner Ave -Tustin CFD — <br />$148,750 <br />66100 <br />(City of Tustin Contribution) <br />Land <br />TOTAL PROPERTY PURCHASE AGREEMENT: <br />$595,000 <br />Fiscal Impact Verified By: Kathryn Downs, CPA, Executive Director — Finance and Management <br />Services Agency <br />Submitted By: Nabil Saba, P.E., Executive Director — Public Works Agency <br />Exhibits: 1. Location Map <br />2. Purchase Agreement — APN 016-102-23 <br />20D-2 <br />