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t—> ara9ov. '17'artv.ers 1-Ad. property rights needed (i.e. fee and easement property rights). Copies of the title reports and available maps and legal descriptions will be provided to the Appraiser An appraisal would then be solicited for the valuation of the two (2) property rights needed. Note: If hazardous waste migration from the gas station parcel to the single family residence parcel has occurred, a Phase II ESA may be necessary. However, this cannot be determined until the Phase II for the gas station parcel has been conducted. If the gas station parcel investigation revealed that hazardous waste contamination had migrated beyond the property boundaries and had affected the single family residence parcel, then a Phase II for the SFR parcel would be required. However, for the purposes of this exercise, it is assumed that no Phase II ESA will be required. As applicable, the environmental studies would then be provided to the appraiser for consideration in the valuation. The acquisition agent would coordinate escrow and title services if the City has not already arranged for such services. The appraisal would then be prepared. After the appraisal is completed, the acquisition agent would prepare the offer letter, purchase and sale agreement, memorandum of just compensation and deliver to the City for approval. The City would be requested to sign and approve the offer letter and memorandum of just compensation. The offer would then be presented to the property owner. Negotiations would commence and either an escrow would be opened or the use of eminent domain to acquire the parcel would be recommended. The acquisition agent would continue to provide either escrow coordination through the close of escrow or condemnation support as requested by the City. Note: In this acquisition, attention would be made to the appraiser's opinion of the removal of the 25 feet of frontage for damage assessment, setback requirements and other improvements affected. Parcel 3: Fast Food Restaurant: Franchise. Partial Acquisition Approach: Title reports will either be ordered from the title company or obtained from the City. A plat map and the legal description of the take area would be requested from the City. Copies of the title reports and available maps and legal descriptions will be provided to the Appraiser. With concurrence from the City, an alternate part/f ill take appraisal may be requested. The purpose of an "alternate part/full" take appraisal would be to provide the option to the owner to either cut and face the building (with city permission) or opt for a full acquisition. For the purposes of this exercise, it has been assumed that a "cut and reface" of the fast food franchise is possible and only a part take is necessary, therefore the appraisal costs only consider this option. The alternative, of course, would be at the City's discretion. An appraisal report would be solicited for two (2) disciplines: a report for the real estate and one for the Fixtures and Equipment. The two appraisers would be requested to coordinate their efforts for fair market value consolidation. The F&E appraisal would be necessary to value the fixtures and equipment affected by the partial take. However, it is assumed that a Goodwill Loss Appraisal will be necessary to determine if the modifications to the restaurant have caused a loss of business. The acquisition agent would also coordinate escrow and title services. The acquisition agent would coordinate Phase I (and Phase II, if necessary) activities with the City (i.e., solicit bids from environmental contractors) and the owner/tenant. A Right of Entry