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2702 North Bristol St <br />Santa Ana, CA 92705 <br />December 20, 2021 <br />The basis for this offer is explained more thoroughly in the attachments to this letter that are <br />made a part of this offer by reference. This offer is conditioned upon the City Council ratifying <br />this offer by a formal action taken at a regular public meeting authorizing the execution of a <br />Purchase and Sale Agreement or adopting a Resolution of Necessity, or both. <br />If you are not satisfied with the City's offer, you are encouraged to present to us any material <br />you believe to be relevant to the value of the Property Interests, which material will be <br />carefully considered by the City. If, in the City's opinion, the additional information warrants <br />a change in the offer, the City's offer will be adjusted accordingly. If a voluntary agreement <br />cannot be reached, the City may consider formal condemnation proceedings against the <br />Property Interests through its power of eminent domain or abandon its intention to acquire <br />the Property Interests, giving proper notice to you in either event. The City has made no <br />decision to exercise its power of eminent domain to acquire the Property Interests and can <br />only do so after it holds a hearing, at which all affected Property owners have had an <br />opportunity to appear and be heard. <br />The Purchase Price is the full amount established by the appraisal as the fair market value <br />of the Property Interests and the just compensation for such acquisition. A written statement <br />and a summary of the basis for the amount established as the Purchase Price is set forth in <br />the attached Statement and Summary of Basis for Appraisal, identified as Attachment 3. <br />The California Relocation Assistance and Real Property Acquisition Guidelines provide that <br />each Owner from whom the City purchases real property or an interest therein, or each tenant <br />owning improvements on said Property, be provided with information relating to the <br />acquisition procedures pursuant to the Government Code, Paragraph 7267.2(a). This <br />information is provided in Attachment 4. <br />Please also be advised that under Code of Civil Procedure Section 1263.025, the City of <br />Santa Ana will reimburse an owner of property, up to the amount of $5,000 for the owner to <br />secure an independent appraisal of property subject to a potential acquisition. Although you <br />have the right to obtain your own appraisal and are entitled to receive up to $5,000 for your <br />appraisal as described above, please note that the City of Santa Ana is not obligated to <br />accept your appraiser's value of the Property Interest. The City of Santa Ana, however, will <br />review your appraisal and if appropriate, confer with the City's independent appraiser <br />regarding the merits of your appraisal. <br />Please let us know prior to January 21, 2022 if the City's offer is acceptable. A written <br />agreement concerning the acquisition of the Property Interests will be provided to you for <br />your review and approval. <br />1 <br />