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Purchase Agreement for Real Property Acquisition <br />Warner Avenue Improvements Phase 1 <br />April 17, 2018 <br />Page 2 <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 />On September 1, 2015, City Council approved the Warner Avenue Final Environmental Impact <br />Statement (SCH No. 2012101004). <br />FISCAL IMPACT <br />Funds in the amount of $1,650,000 are available in the Warner Avenue Improvements Project <br />(No. 14-6802) for expenditure in FY 2017-2018: $1,237,500 in the Measure M2 Construction <br />Street Fund (Account No. 03217663-66100), and $412,500 in the Transportation System <br />Improvement Area E Fund (Account No. 03417660-66100), subject to nonsubstantive changes. <br />Edwin "William" Galy .E. <br />Acting Executive Director <br />Public Works Agency <br />FWEWG/JG/KN <br />APPROVED AS TO FUNDS & ACCOUNTS: <br />Francisco Gutierrez <br />Executive Director <br />Finance & Management Services Agency <br />Exhibits: 1. Location Map <br />2. Purchase Agreement — APN 403-141-09 <br />25F-2 <br />