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Real Property Purchase Agreement – Warner Avenue Improvements, Phase 2 <br />June 1, 2021 <br />Page 2 <br />1 <br />7 <br />6 <br />4 <br />appraised value prepared by a California State licensed appraiser and accepted by the <br />property owner (Exhibit 2). <br />ENVIRONMENTAL IMPACT <br />On September 1, 2015, City Council approved the Warner Avenue Final Environmental <br />Impact Statement (SCH No. 2012101004). <br />FISCAL IMPACT <br />A total of $176,000 is budgeted and available for the property acquisition expenditures in <br />FY 2020-21 as follows: <br />Fiscal <br />Year <br />Accounting Unit– <br />Account No.Fund Description Accounting Unit, <br />Account No. Description Amount <br />PROPERTY ACQUISITION <br />2020-21 03217663-66100 <br />(18-6901) <br />Measure M- <br />Street Construction <br />Measure M2 Competitive <br />Street, Land $132,000 <br />2020-21 05917668-66100 <br />(18-6901) <br />Select Street Construction <br />(City of Tustin Contribution) <br />Warner Ave-Tustin CFD, <br />Land $44,000 <br />TOTAL PROPERTY PURCHASE AGREEMENT:$176,000 <br />EXHIBIT(S) <br />1. Location Map <br />2. Purchase Agreement – APN 016-120-52 <br />Submitted By: Nabil Saba, P.E., Executive Director – Public Works Agency <br />Approved By: Kristine Ridge, City Manager <br />City Council 19 –2 6/1/2021