25E - AGMT REAL PROPERTY ACQUISITION

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Purchase Agreements for Real Property Acquisition Warner Avenue Improvements Phase 1 February 20, 2018 Page 2 appraiser and were accepted by the property owners. The compensation amounts listed above are incorporated in the attached agreements (Exhibits 2-4). STRATEGIC PLAN ALIGNMENT Approval of this item supports the City's efforts to meet Goal #6 — Community Facilities & Infrastructure, Objective #1 (establish and maintain a Community Investment Plan for all City assets), Strategy G (develop and implement the City's Capital Improvement Program in coordination with the Community Investment and Deferred Maintenance Plans). Approval of this item also supports the City's efforts to meet Goal #3 — Economic Development, Objective #2 (create new opportunities for business/job growth and encourage private development through new General Plan and Zoning Ordinance policies), Strategy C (support business development and job growth along transit corridors through the completion of critical transit plans/projects). ENVIRONMENTAL IMPACT On September 1, 2015, City Council approved the Warner Avenue Final Environmental Impact Statement (SCH No. 2012101004). FISCAL IMPACT Funds in the amount of $1,346,000 are available in the Warner Avenue Improvements Project (No. 14- 6802) for expenditure in FY 2017-2018: $1,009,500 in the Measure M2 Competitive Street Fund (Account No. 03217663-66100), and $336,500 in the Transportation System Improvement Area E Fund (Account No. 03417660-66100), subject to nonsubstantive changes. Fred Mousavipour Executive Director Public Works Agency FM/EW G/JG/ST AS TO FUNDS & ACCOUNTS: Gutierrez Executive Director Finance & Management Services Agency Exhibits: 1. Location Map 2. Purchase Agreement — APN 403-142-16 3. Purchase Agreement — APN 403-143-13 4. Purchase Agreement—APN 016-102-24 25E-2 M