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Purchase Agreements for Bristol Street Improvements Phase 4 <br />June 21, 2016 <br />Page 2 <br />licensed appraiser in the State of California, were made and accepted by the respective property <br />owners. The compensation amounts are shown in the corresponding agreements (Exhibits 2 -5). <br />STRATEGIC PLAN ALIGNMENT <br />Approval of this item supports the City's efforts to meet Goal #6 — Community Facilities & <br />Infrastructure, Objective #1 (establish and maintain a Community Investment Plan for all City <br />assets), Strategy G (develop and implement the City's Capital Improvement Program in <br />coordination with the Community Investment and Deferred Maintenance Plans). <br />Approval of this item also supports the City's efforts to meet Goal #3 — Economic Development, <br />Objective #2 (create new opportunities for business /job growth and encourage private <br />development through new General Plan and Zoning Ordinance policies), Strategy C (support <br />business development and job growth along transit corridors through the completion of critical <br />transit plans /projects). <br />ENVIRONMENTAL IMPACT <br />In 1990, City Council approved the Bristol Street Final Environmental Impact Statement/ <br />Environmental Impact Report (FEIS /EIR No. 89 -01). Due to several minor design modifications <br />in Phase 4, which lies between Warner Avenue and St. Andrew Place, an Addendum to the <br />FEIS /EIR was prepared and adopted pursuant to the California Environmental Quality Act by <br />City Council on April 7, 2015. <br />FISCAL IMPACT <br />Funds are available in the Bristol Street Improvements Project (No. 116741) for expenditure in <br />FY 2016/2017 as follows: $96,750 in the Select Street Construction Fund (Account No. <br />05917661- 66100), $96,750 in the Measure M2 Street Construction Fund (Account No. <br />03217663 - 66100), and $774,000 in the Select Street Construction Fund (Account No. 05917660- <br />66100), subject to nonsubstantive changes. <br />Executive Director <br />Public Works Agency <br />FM /EWG /JG /ML <br />Exhibits: 1. Location Map <br />2. Agreement for APN 015 - 191 -11 <br />3. Agreement for APN 408 - 333 -01 <br />4. Agreement for APN 015 - 215 -11 <br />APPROVED AS TO FUNDS & ACCOUNTS: <br />\iNtx--°c�s a� a <br />rJ <br />Francisco Gutierrez <br />Executive Director <br />®® <br />Finance & Management Services Agency <br />25L -2 <br />