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Exhibit B <br />THOMPSON & THOMPSON <br />REAL ESTATE VALUATION AND CONSULTING <br />55 E. HUNTINGTON DRIVE, SUITE 238 1 ARCADIA, CALIFORNIA 91006 <br />www.thompsonvoluatlon.com I Phone: 626.317.5158 1 Fax: 626.317,5168 <br />March 14, 2022 <br />Via e-mail Only <br />JFunk@santa-ana.org <br />City of Santa Ana <br />c/o John Funk, Esq. <br />Sr. Assistant City Attorney <br />20 Civic Center Plaza <br />Santa Ana, California 92702 <br />Re: Proposal for Appraisal, Consulting and Expert Services <br />City of Santa Ana vs. Rim Pacific Investors Portofino, et al <br />CIC Superior Court Case No. 30-2021-01221615-CU-EI-CXC <br />Partial Acquisition <br />Improved Multi -Family Property <br />1313 W. Memory Lane <br />Santa Ana, California 92706 <br />APN 002-261-29 <br />Dear Mr. Funk: <br />Pursuant to your request, the following proposal for appraisal services is submitted. Thompson & <br />Thompson will prepare an individual Appraisal Report and Statement of Valuation Data, of the fee <br />simple interest and necessary permanent and temporary acquisitions for the property referenced <br />above. <br />The parcel is subject to permanent and temporary easement acquisitions by the City of Santa Ana <br />for the Bristol Street and Memory Lane Intersection Improvements Project. Thompson & <br />Thompson will provide a narrative appraisal report consisting of all applicable approaches to value <br />the larger parcel. <br />The valuation assignment will reflect the fair market value, as of the date of deposit, based upon the <br />highest and best use. <br />