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<br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> APPRAISAL REPORT SUMMARY <br /> PROPERTY IDENTIFICATION: OCFCD Parcel Nos. E01-R1451 & R1452 <br /> Northerly from Fifth Street along west levee <br /> Subject Parcel(s): of Santa Ana River Channel, abutting easterly <br /> boundaries of Willowick Golf Course and Mar <br /> Les Drive <br /> <br /> Larger Parcel: APN 405-21-121, Santa Ana <br /> <br /> APPRAISER: Scott Burns, SR/WA <br /> County of Orange <br /> <br /> CLIENT AND USERS: OC Flood- Santa Ana River Project <br /> PURPOSE OF APPRAISAL: Form an opinion of Fair Market Value <br /> <br /> USE OF APPRAISAL: Basis of negotiations in establishing the <br /> purchase price for voluntary sale of certain <br /> sewer easement interests to the City of Santa <br /> Ana. <br /> PROPERTY INTEREST APPRAISED: Easement Interests for underground sewer <br /> purposes <br /> SITE AREA: <br /> <br /> Subject Parcels: 0.71 Acres (E01-R1451) <br /> 0.23 Acres (E01-R1452) <br /> <br /> Larger Parcel: 31.92 Acres <br /> HIGHEST AND BEST USE: <br /> <br /> Subject Parcels: Assemblage with Adjoining Ownerships <br /> <br /> Larger Parcel: Open Space <br /> <br /> REPORT DATE: May 31, 2011 <br /> <br /> DATE OF VALUE: May 26, 2011 <br /> <br /> VALUE CONCLUSION: <br /> Parcel No. E01-R1451 $ 6,000 <br /> <br /> Parcel No. E01-R1452 $ 13,800 <br /> <br /> <br /> <br /> Exhibit 3 <br /> <br /> 25C-18 <br />