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Purchase Agreements for Real Property Acquisition <br />Warner Avenue Improvements Phase 1 <br />March 20, 2018 <br />Page 2 <br />The property acquisitions are necessary to accommodate the street improvements for Phase 1 (Exhibit 1). <br />The purchase offers were determined based on appraised values prepared by a California State licensed <br />appraiser, and were accepted by the property owners. The compensation amounts listed above are <br />incorporated in the attached agreements (Exhibits 2 through 4). <br />STRATEGIC PLAN ALIGNMENT <br />Approval of this item supports the City's efforts to meet Goal #6 — Community Facilities & Infrastructure, <br />Objective #1 (establish and maintain a Community Investment Plan for all City assets), Strategy G <br />(develop and implement the City's Capital Improvement Program in coordination with the Community <br />Investment and Deferred Maintenance Plans). <br />Approval of this item also supports the City's efforts to meet Goal #3 — Economic Development, Objective <br />#2 (create new opportunities for business/job growth and encourage private development through new <br />General Plan and Zoning Ordinance policies), Strategy C (support business development and job growth <br />along transit corridors through the completion of critical transit plans/projects). <br />ENVIRONMENTAL IMPACT <br />On September 1, 2015, City Council approved the Warner Avenue Final Environmental Impact Statement <br />(SCH No. 2012101004). <br />FISCAL IMPACT <br />Funds in the amount of $1,855,000 are available in the Warner Avenue Improvements Project (No. 14- <br />6802) for expenditure in FY 2017-2018: $1,391,250 in the Measure M2 Competitive Street Fund (Account <br />No. 03217663-66100), and $463,750 in the Transportation System Improvement Area E Fund (Account <br />No. 03417660-66100), subject to nonsubstantive changes. Funds budgeted in Fiscal Year 2016-17 <br />Capital Improvement Program in the Transportation Systems Improvement Area Fee E Fund will be <br />carried forward as needed to complete the project. <br />Edwin "William" Galvez, P.E. <br />Acting Executive Director <br />Public Works Agency <br />FM/EW G/JG/KN <br />APPROVED AS TO FUNDS & ACCOUNTS: <br />Francisco Gutierrez .3Y a�D <br />Executive Director <br />Finance & Management Services Agency <br />Exhibits: 1. Location Map <br />2. Purchase Agreement — APN 403-142-14 <br />3. Purchase Agreement — APN 403-142-17 <br />4. Purchase Agreement—APN 403-143-12 <br />5. Purchase Agreement—APN 403-143-15 <br />2501-2 <br />