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Public Hearing, Appropriation Adjustment and Adoption of Resolution <br />December 1, 2020 <br />Page 2 <br />is requesting adoption of a Resolution of Necessity (Exhibit 3) and initiation of condemnation <br />proceedings while negotiations continue. <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 $354,000 are budgeted and available in the Warner Avenue Improvements <br />Project (No. 14-6802) for property acquisition expenditures in FY 2020-21 as follows: <br />Accounting <br />Accounting Unit — <br />Fiscal Year <br />Unit — <br />Fund Description <br />Account No. <br />Amount <br />Account No. <br />Description <br />PROPERTY ACQUISITION <br />Measure M2 <br />FY 2020-21 <br />03217663- <br />Measure M- <br />Competitive Street, <br />$265,500 <br />66100 <br />Street Construction <br />Land <br />Select Street <br />FY 2020-21 <br />05917668- <br />Construction <br />Warner Ave -Tustin <br />$88,500 <br />66100 <br />(City of Tustin <br />CFD, Land <br />Contribution <br />Total <br />$354,000 <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. Offer Letter <br />3. Resolution of Necessity <br />75F-2 <br />