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Purchase Agreement for Vacant Land for Future Water Well Facility May 15, 2018 Page 2 Property acquisitions are necessary to accommodate future water system groundwater wells. Public Works Agency staff has identified ideal areas for future groundwater wells based on water system hydraulic analyses. An ideal area for the City's next groundwater well is in the vicinity of the existing Walnut Pump Station near the intersection of Flower and First Streets, and staff has identified a vacant lot (Exhibit 1) that is suitable for this purpose. A purchase offer was made based on the appraised value prepared by a State licensed appraiser, and the offer was accepted by the property owner. The purchase price for the acquisition is $200,000, and is shown in the corresponding agreement (Exhibit 2). 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). ENVIRONMENTAL IMPACT There is no environmental impact associated with this action FISCAL IMPACT The appropriation adjustment will recognize and appropriate $200,000 of prior year fund balance in the Water Utility revenue account and facilitate an interfund budgetary expenditure transfer as follows: Account Number Description Revenue Expense 06017002-50001 Water Utility Prior Year Fund Balance $200,000 06017019-68000-66 Water Utility Interfund Transfer $200,000 06617002-59000-60 Water Capital Projects Interfund Transfer $200,000 06617647-66100 Water Utility Capital Projects Land $200,000 The approved appropriation adjustment will make funds available for expenditure in Fiscal Year = 2017-18. Edwin "William" Galve , P.E. Acting Executive Director Public Works Agency FWNS/RR Exhibits: 1. Location Map 2. Agreement for APN 008-213-32 APPROVED AS TO FUNDS & ACCOUNTS: Francisco Gutierrez Executive Director Finance & Management Services Agency 20A-2