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MAYOR <br />Miguel A. Pulido <br />MAYOR PRO TEM. <br />Michela Martlnaz <br />COUNCILMEMBERS.. <br />P. David Banavides <br />.Vicente Sorinlento <br />Jose Solgrio <br />SRI TinaJore <br />Juan Villages <br />January 30, 2017 <br />Tacos Mexico, Ina. <br />PO Bax 7038 <br />Los Angeles, CA 90022 <br />CITY OF SANTA ANA <br />20 Civic. Center Plaza o P,O. Box 1988 <br />Santa Ana California 02702 <br />714-647-5013 <br />iAWW ,n <br />ACTING CITY MANAGER <br />Gerardo Mouet <br />CITY ATTORNEY <br />Sonia. R, Carvalho. <br />CLERK OF THE COUNCIL <br />Mai Is O. Hurmar <br />Via Certified Mail <br />SUBJECT, REVISER OFFER TO ACQUIRE PROPERTY AND IMPROVEMENTS TO REALTY AT; <br />2102 S. BRISTOL STREET, SANTA ANA CA 92704 <br />APN; 408.471-09 <br />Dear Property Owner, <br />This Offer supersedes all previous Offers to Acquire: <br />The City of Santa Ana ("City") is <br />Street Improvements Project be <br />obtained a preliminary title report <br />vested owner of the above -Ment <br />acquire the property located at th <br />real property as described in-Atta <br />"Property" <br />with its plans to construct Phase 4 of the Bristol <br />ter :Avenue and Saint Andrew Place. The City <br />:os Mexico, Inc., a California corporation to be the <br />fy as shown in Attachment 1, The City seeks to <br />itioned address, which consists of the underlying <br />ie area to be acquired is referred to herein as the <br />No final determination has been made as to the ownership of the Property. This offer is <br />contingent upon presentation of conclusive evidence of title. If more than one person has an <br />interest in the Property that the City is seeking to acquire, all parties with such interest must <br />accept this offer. <br />As you know, the City had your Property appraised by certified appraisers for the real estate as <br />well as improvements pertaining to the realty to determine its fair market value, The appraisals <br />were conducted in accordance with commonly accepted appraisal standards and included <br />consideration of the highest and best use of the land, Based on the appraisals, the City offers <br />you a total compensation of $1,207,425.00. The Fair Market Value of the Subject Property, <br />which serves as tate basis of this offer is attached as Exhibit A, This offer is conditional upon <br />the City Council ratifying this offer by a formal action taken at a regular public meeting <br />authorizing the execution of a Purchase and Sale Agreement or adopting a Resolution of <br />Necessity, or both. <br />75M-5 <br />