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Settlement for Grand Avenue Widening <br />March 4, 2014 <br />Page 2 <br />The Goodwill, plus the real property land value less the land value, of 1221 East First Street <br />represents a total proposed settlement of $3,549,400. Since the City has previously deposited <br />$3,200,000 for the property land value and $91,500 for fixtures and equipment, the remaining <br />settlement amount would be $257,900. <br />ENVIRONMENTAL IMPACT <br />There is no environmental impact associated with this action. <br />FISCAL IMPACT <br />Funds are available in the Regional Surface Transportation Program (Account 05917660 - 66220), <br />Transportation System Improvement Area Fund (Account 99117950 - 66220) and Measure M2 <br />Street Construction Fund (Account 03217662 - 66220). <br />APPROVED AS TO FUNDS AND ACCOUNTS: <br />r <br />dwin "Willia alvez, P.E. Francisco Gutierrez <br />Interim Executive Director Executive Director <br />Public Works Agency Finance & Management Services Agency <br />EWG /KN <br />Exhibit: 1. Location Map <br />29A -2 <br />