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ATTACHMENT <br />APN: 405 - 252 -22 <br />SUMMARY STATEMENT ACCOMPANYING OFFER RELATING TO <br />ACQUISITION PROCEDURES FOR PURCHASE OF REAL PROPERTY OR <br />AN INTEREST THEREIN <br />You are entitled to receive full payment prior to vacating the real property being <br />purchased unless you have heretofore waived such entitlement. You are not required <br />to pay recording fees, transfer taxes, or the pro rata portion of real property taxes <br />which are allocable to any period subsequent to the passage of title or possession. <br />1. The holders of liens, deeds of trust or other security interests in your property <br />and /or any leases or tenants of your property may be entitled to all or a portion of the <br />consideration to be paid by the City of Santa Ana ( "City ") for your property in <br />accordance with the particular contract(s) existing between you and the lien holder or <br />lessee /tenant. <br />2. All buildings, structures, and other improvements affixed to the land described in <br />the reference documents covering this transaction and owned by the grantor herein <br />or, if applicable, owned by you as a tenant are not being conveyed unless other <br />disposition of these improvements has been made. The interest acquired is fee title. <br />3. The amount determined to be just compensation was determined after <br />consideration of an appraisal of the fair market value of the Parcel. The basis for the <br />amount determined to be just compensation is summarized on the attached Appraisal <br />Summary Statement (Statement of Just Compensation) and the amount of the <br />Purchase Price: <br />a. Is the full amount believed by the City to be just compensation for the <br />property taken; <br />b. Is not less than the approved appraisal of the fair market value of the <br />property as improved; <br />c. Disregards any decrease or increase in the fair market value of the public <br />improvement for which the property is to be acquired for such public <br />improvement, other than that due to physical deterioration within the <br />reasonable control of the owner or occupant; and <br />d. Reflects the definition of "fair market value" as defined in Eminent <br />Domain Law (California Code of Civil Procedure Section 1263.320) <br />which is "the highest price on the date of valuation that would be agreed <br />to by a seller being willing to sell but under no particular or urgent <br />necessity for doing so, nor obliged to sell, and a buyer, being ready, <br />willing and able to buy but under no particular necessity for so doing, <br />each dealing with the other will full knowledge of all the uses and <br />purposes for which the property is reasonably adaptable and available." <br />75A -18 <br />