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6.1 G � <br /> Page 3 <br /> Fiscal impact <br /> Without ratification, the City could Iose the $8,000 in option payments. Regarding the <br /> funds for this project, funding was appropriated in the Fiscal Year 2010/11 , <br /> Redevelopment Agency Capital Improvement Program budget in the amount of <br /> $332,000.00. This budget will require a mid-year adjustment to cover additional <br /> expenditures as well as un-budgeted revenues in the form of reimbursement of costs to <br /> the City by the County. The terms and amounts of reimbursement will be described and <br /> recommended in the pending Memorandum of Understanding (MOU), and the Council <br /> will act on the budget adjustments at the time that the MOU is considered. <br /> Peter Ingram, City Manager <br /> Attachments <br /> 1. Chemical V1lay Site Map <br /> , Complete documents available in City Clerk's office: <br /> 1. Real Estate Option Agreement - 20 Chemical Way <br /> 2. Real Estate Option Agreement - 50 Chemical Way <br /> 3. Real Estate Option Agreement - 70 Chemical Way <br /> 4. Real Estate Option Agreement - 80 Chemical Way <br />