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CIP No. 21596, leaving a balance available in the CIP of$44,124 of the initial $1.8 million allocation. The final two purchase agreements which are the subject of this agenda report total $229,762, including estimated title insurance and escrow fees. Neither of these property owners are proposing development so there is no permit fee credit option available. Therefore, it is recommended that the City Council approve a transfer of$190,000 from the Dublin Freeway Reimbursement Reserve, CIP No. 98590, to the JDEDZ ROW and Misc. Project, CIP No. 21596 to fully fund payment in accordance with each purchase agreement, as well as provide for minor miscellaneous project costs should it be necessary. Next Steps These final two purchase agreements complete the City's obligation to acquire the right- of-way needed for the JDEDZ Project traffic mitigation measures. Assuming City Council approves staff's recommendations, when these two final transactions are complete and the grant deeds recorded, in accordance with the terms of the 2018 Agreement, staff will prepare an invoice for 50 percent of the total cost of acquiring the needed right-of-way for the "JDEDZ Street Improvements" and submit it to Costco requesting its required reimbursement payment. Construction of the traffic mitigation measures is ongoing and is tracking well with the amount budgeted for the work. The most recent project schedule prepared by the general contractor shows completion in November 2023. However, recent developments with PG&E regarding its availability to accomplish the planned relocation of its utilities to be outside of the widened Johnson Drive roadway may delay other project work and extend the completion date. Submitted by: Fiscal Review: Approved b Stephen Kirkpatrick Susan Hsieh Gerry Beaudin Director of Engineering Director of Finance City Manager Attachments 1. List of Properties and Negotiated Purchase Prices 2. Purchase Agreements Page 5 of 5