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ATTACHMENT <br />STATEMENT OF VALUE AND SUMMARY OF THE BASIS FOR APPRAISAL <br />Code of Civil Procedures § 1255.010(b) <br />THE AMOUNT ESTABLISHED AS JUST COMPENSATION <br />Government Code § 7267.2(a) <br />OWNERSHIP <br />Robert E. Marlin and Jacoba E. Marlin, Trustees of the Robert E. Marlin and Jacoba E. <br />Marlin 1981 Family Trust dated April 14, 1981, fifty percent (50%) interest; and James <br />S. Cohen and Celia C. Cohen, and successors, as Trustees of the Cohen Family Trust, <br />dated May 24, 2005, fifty -percent (50%) interest <br />The following is a Statement of Value and Summary of the Basis for Appraisal and <br />the Amount that the client established as Just Compensation ("Summary") required by <br />the California Eminent Domain Law. The appraisal on which this summary is based was <br />made in connection with establishing the amount of compensation as required by Code <br />of Civil Procedure section 1255.010(b). The appraisal on which this summary is based <br />was made in accordance with accepted appraisal principles, consistent with California <br />Valuation Law. A statement and summary described the basis for the appraisal from <br />which the client established compensation. There follows the Statement of Value and <br />Summary of the Basis for Appraisal and the Amount Established as Just Compensation <br />("Summary"): <br />BASIS OF VALUATION <br />The fair market value is based upon an appraisal prepared in accordance with <br />accepted appraisal principles and methodologies. <br />Code of Civil Procedure Section 1263.320 defines Fair Market Value as follows: <br />(a) The fair market value of the property taken is the highest price on the date of <br />valuation that would be agreed to by a seller, being willing to sell, but under no <br />particular or urgent necessity for so doing, nor obliged to sell; and a buyer, being ready, <br />willing and able to buy but under no particular necessity for so doing, each dealing with <br />the other with full knowledge of all the uses and purposes for which the property is <br />reasonably adaptable and available. <br />(b) The fair market value of property taken for which there is no relevant <br />comparable market is its value on the date of valuation as determined by any method of <br />valuation that is just and equitable. <br />Section 1263.330 provides that the fair market value shall not include an increase or <br />decrease in the value attributable to the project for which the property is to be acquired. <br />75E-9 <br />