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<br /> <br />.' <br /> <br />APPRAISAL/CONSULTATION AGREEMENT <br />Mr. Steve Harding <br />City of Santa Ana <br />July 27, 2005 <br />Page Three <br /> <br />A. The appraisal will provide an estimate of fair market value, which is defined as <br />follows: <br /> <br />The highest price on the date of valuation that would be agreed to by a <br />seller, being willing to sell, but under no particular or urgent necessity for so <br />doing, nor obliged to sell, and a buyer being ready, willing and able to buy, <br />but under no particular necessity for so doing, each dealing with the other <br />with full knowledge of all the uses and purposes for which the property is <br />reasonably adaptable and available. <br /> <br />The fair market value of the property shall not include any increase or <br />decrease in the value of the property that is attributable to any of the <br />following: <br /> <br />a) Project for which property is taken. <br /> <br />b) Eminent domain proceedings in which the property is taken. <br /> <br />c) Any preliminary actions of the plaintiff related to the taking of the <br />property. .. <br /> <br />Source: Title 7, Page 3, C.C.P., Article 4, Paragraphs 1263.32 and 1263.33 <br /> <br />B. The value estimate will reflect the fee simple interest of the subject property, as <br />of the date of value, subject to the special tax lien. <br /> <br />C. The value estimate will reflect actual conditions of the property taking into <br />consideration the improvements/benefits of the proposed bond issue. <br />