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Partial Real Property Purchase Agreement — Fairview Street Bridge <br />September 20, 2022 <br />Page 2 <br />The mutually agreed upon purchase offer was determined based on the appraised value <br />prepared by a California State licensed appraiser and accepted by the property owner <br />(Exhibit 2). <br />ENVIRONMENTAL IMPACT <br />On June 16, 2020, the City Council approved the Fairview Street Initial Study/Mitigated <br />Negative Declaration (IS/MND) Statement (SCH No. 2020249015). <br />FISCAL IMPACT <br />Funds in the amount of $203,000 are budgeted and available in the Fairview Street <br />Improvements Project (No. 15-6827) for property acquisition expenditures in FY 2022-23 <br />as follows: <br />Fiscal <br />Accounting <br />Accounting Unit, <br />Year <br />Unit —Account <br />Fund Description <br />Account No. <br />Amount <br />No. <br />Description <br />2022-23 <br />03217663-66100 <br />Measure M <br />Measure M2 Competitive <br />$191,250 <br />Street Construction <br />Street, Land <br />Select Street <br />Gas Tax HUTA 2103, <br />2022-23 <br />05917663-66100 <br />Construction <br />Land <br />$63,750 <br />TOTAL <br />$255,000 <br />EXHIBIT(S) <br />1. Location Map <br />2. Offer and Agreement to Purchase <br />Submitted By: Nabil Saba, P.E., Executive Director — Public Works Agency <br />Approved By: Kristine Ridge, City Manager <br />