THOMPSON & THOMPSON REAL ESTATE VALUATION AND CONSULTATION, INC.

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John Funk, Esq. City of Santa Ana March 14, 2022 If available, the following information will assist us with the completion of the assignment: • Current set of project construction plans • Confirmation of the date of value (date of deposit) • Confirmation of the term of the TCE • Copies of any relevant discovery • Contact information for the project engineer or project manager The fee for the Appraisal Report is $18,750, provided the scope of work does not expand beyond what is detailed above. Mileage will be billed in addition to the stated fee. Any changes or amendments provided by the client subsequent to submission of the report will be billed hourly. With respect to time, an electronic copy of the Appraisal Report and Statement of Valuation Data will be submitted within 45 days of authorization to proceed and receipt of requested items. Two (2) bound original copies can be provided upon request. The valuation assignment will include the following scope: • Inspection of the larger parcel(s); • Ground and aerial photographs of the subject property; • Review of Zoning, General Plan (including Circulation Element), Area Plan, Flood Zone, and other information pertinent to the development and use of the subject properties; • Highest and best use analysis; • Larger parcel analysis; • Estimate the fair market value of the subject parcel based primarily upon the Direct Sales Comparison and hicome Capitalization Approach to value, as applicable; • Research of the parts to be acquired and construction in the manner proposed; • Value the part(s) to be acquired and the remainder while disregarding and considering benefits to conclude to total compensation; and • Prepare an Appraisal Report and Statement of Valuation Data for the subject parcel. The valuation assignments will conform to the Uniform Standards ofProfessional Appraisal Practice (USPAP), and the Code of Civil Procedure (CCP) requirements, where applicable. Bradford Thompson, MAI, AI -ORS, SR/WA and Scott Thompson, MAI, AI-GRS, SR/WA will be responsible for the assignment. Work will begin immediately upon authorization and receipt of the