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northbound on-ramp project as proposed, which in turn allowed Caltrans to engage in the on-ramp's lengthy design and permitting process. At its meeting on July 19, 2022, the City Council approved purchase agreements with seven property owners on Johnson Drive, including the aforementioned Costco purchase agreement. These seven agreements, including the title insurance and escrow fees, totaled $1,320,239. The right-of-way acquired by the seven purchase agreements was needed for the four mitigation measures making up the JDEDZ Street Improvements as defined in the 2018 Agreement. All seven of these transactions have since been finalized and the grant deeds for the right-of-way have been recorded. Separating the cost of the right-of-way acquired to construct the "JDEDZ Street Improvements" from the cost of the right-of-way acquired to construct the "Stoneridge 1- 680 On-Ramp" is important because the 2018 Agreement requires Costco to reimburse the City 50 percent of the cost of the right-of-way needed for the "JDEDZ Street Improvements," while the City must cover the total cost for the "Stoneridge 1-680 On- Ramp" right-of-way. When the City Council approved the seven purchase agreements on July 19, 2022, staff informed the Council that negotiations with two of the Johnson Drive property owners north of the Costco property had been unsuccessful, but that the right-of-way from these two properties was only needed for the purpose of constructing a sidewalk and landscaped parkway and not for roadway widening purposes. Staff noted that because the right-of-way was not needed for roadway widening, the "JDEDZ Street Improvements" could be mostly constructed, but there would be gaps in the proposed sidewalk and landscaped parkway across the two property frontages. City Council approved moving forward with the construction but directed staff to continue negotiations with the goal of acquiring the rights needed to complete sidewalk and parkway improvements. Staff also reported at the July 19, 2022, City Council meeting, and as reflected in the agenda report, the right-of-way needed from the two remaining properties should cost an estimated amount of $115,000 each, or $230,000 in total. The estimated cost was based on the land appraisals of the two properties, and the land appraisals and the final negotiated prices of the six properties as reflected in the purchase agreements presented to City Council for approval at the meeting. (No appraisal was prepared for the property rights needed across the Costco property frontage.) DISCUSSION Staff has now successfully completed negotiations with the two remaining Johnson Drive property owners. Copies of the purchase agreements for 7116 Johnson Drive and 7080 Commerce Circle, each signed by the respective property owner, are attached (7080 Commerce Circle has an address on Commerce Circle, but the right-of-way needed is along the Johnson Drive side of the property). The final negotiated purchase price for the two properties, including estimated title insurance and escrow fees, totals $229,762. The negotiated cost of each property is shown in Attachment 1. Since this Page 3 of 5