BRUCE W. HULL & ASSOCIATES - 2005

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APPRAISAL/CONSULTATION AGREEMENT Mr. Steve Harding City of Santa Ana July 27, 2005 Page Two In the event that CLIENT desires to cancel this authorization, written notice thereof shall be delivered to APPRAISER, and it is agreed at that the APPRAISER shall receive compensation from CLIENT for all services rendered at the rate of $125.00 per hourfor the time actually spent prior to receipt of such written cancellation notice, plus all costs advanced in connection with the appraisal. It is agreed that the fee charged for services performed by the APPRAISER is guaranteed by the CLIENT. All payments due the APPRAISER, under this agreement, shall bear interest at the published prime lending rate from Wells Fargo Bank, commencing sixty (60) days after such payments are due, but not in excess of the maximum rate permitted under California law. In the event that any payment is not paid when due, CLIENT shall pay all expenses of collection, including, but not limited to, court costs and attorney's fees. It is agreed that the APPRAISER is not a necessary party in any inquiry or judicial proceeding, unless agreed upon this Agreement. He will not be called upon for any litigation or other proceeding arising out of his duties in this matter. If he is compelled to incur court costs, attorney's fees, or other out-of-pocket expenses in connection with court proceedings, such costs or expenses, together with APPRAISER'S hourly rate of $200.00 per hour, applicable for his professional services for study, preparation, testimony or travel, will be paid by the party (or parties) who acts to bring any suit requiring a judicial proceeding. The report will be prepared in a Summary Appraisal Report - Complete Appraisal which is intended to comply with the reporting requirements set forth under Standards Rule 2-2(b) of the Uniform Standards of Professional Appraisal Practice (USPAP) effective January 1, 2005 for a Summary Appraisal Report. As such, it presents only summary discussions of the data, reasoning, and analyses that were used in the appraisal process to develop the APPRAISER'S opinion of value. Supporting documentation concerning the data, reasoning, and analyses is retained in the APPRAISER'S file. The depth of discussion contained in this report is specific to the needs of the CLIENT. The APPRAISER is not responsible for unauthorized uses of this report. The report will be consistent with the format and limiting conditions as detailed on the following pages.