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STATEMENT OF JUST COMPENSATION <br />Assessor's Parcel: <br />Property ,Owner: <br />Property Address: <br />Location of Parent Property: <br />Description of Parent Property: <br />ATTACHMENT <br />408-471-01 <br />Tacos Mexico, Inc., a California corporation, <br />2102 South Bristol Street <br />Santa Ana, California <br />Southwest comer of Bristol Street and Saint Gertrude Place, within the <br />corporate limits of the City of Santa Ana. <br />The property is presently improved with a fast food restaurant <br />building of wood frame and stucco construction. The building <br />contains 1,300 square feet; and was originally constructed in 1962. <br />Other appurtenant on-site improvements located within the <br />boundaries of the subject parcel include a trash enclosure, asphalt <br />paving, concrete paving, wrought iron fencing, business sign, metal <br />frame light standards, concrete curbing, concrete planter curbing, <br />concrete auto stops, metal bollards (auto stops), and marked <br />automobile parking spaces. Overall condition of the subject <br />improvements is rated average, considering the age. The <br />development is situated on a parcel containing 11,066 square feet of <br />land area. <br />Zoning: <br />Bristol Street Corridor Specific Plan. The property has been <br />considered and appraised under the previous zone classification of C- <br />5 (arterial commercial) as a means of avoiding project influence. <br />Topography: <br />Effectively level topography. <br />Utilities: <br />In place at site. <br />Highest and Best Use: <br />Highest and hest use is defined as the reasonably probable and legal <br />use of land, which is legally permissible, physically possible, and <br />financially feasible that results in the highest value. Highest and best <br />use analysis is used in the appraisal process to identify comparable <br />properties and, where applicable, to determine whether the existing <br />improvements should be retained, renovated, or demolished. The <br />results of the highest and best use analysis are: <br />As if Vacant: Cormmercial development, <br />As improved: Existing use. <br />Date of Value: <br />December 14, 2016 <br />Public Use for Property: <br />Bristol Street Improvement Project. <br />Estate to be Acgnired: <br />Fee simple acquisition of entn�e subject property. <br />75M-25 <br />