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Purchase Agreements for Real Property Acquisition <br />Warner Avenue Improvements Phase 1 <br />May 1, 2018 <br />Page 2 <br />California State licensed appraiser, and were accepted by the property owners. The <br />compensation amounts listed above are incorporated in the attached agreements (Exhibits 2 and <br />3). <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 $930,000 are available in the Warner Avenue Improvements Project (No. <br />14-6802) for expenditure in FY 2017-2018: $697,500 in the Measure M2 Competitive Street Fund <br />(Account No. 03217663-66100) and $232,500 in the Transportation System Improvement Area E <br />Fund (Account No. 03417660-66100), subject to nonsubstantive changes. <br />Edwin "William" Galv .E. <br />Acting Executive Director <br />Public Works Agency <br />FM/EWG/JG/KN <br />APPROVED AS TO FUNDS & ACCOUNTS: <br />Qri> l"\:�a <br />Francisco Gutierrez W� -0,f, <br />Executive Director �� "a 04- f'sb <br />Finance & Management Services Agency <br />Exhibits: 1. Location Map <br />2. Purchase Agreement - APN 403-143-14 <br />3. Purchase Agreement - APN 403-144-12 <br />25D-2 <br />