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2102 S. Bristol Street <br />January 30, 2017 Page 2 <br />If you are not satisfied with the City's offer, you are encouraged to present to us any material <br />you believe to be relevant to the value of the Property, which material will be carefully <br />considered by the City. If, in the City's opinion, the additional information warrants a change in <br />the offer, the City's offer will be adjusted accordingly. If a voluntary agreement cannot be <br />reached, the City may consider formal condemnation proceedings against the Property through <br />its power of eminent domain or abandon its intention to acquire the Property, giving proper <br />notice to you in either event. The City has made no decision to exercise its power of eminent <br />domain to acquire the Property and can only do so after it holds a hearing, at which all affected <br />Property owners have had an opportunity to appear and be heard. <br />The Purchase Price is the full amount established by the appraisal as the fair market value of <br />the Property and the just compensation for such acquisition. A written statement and a <br />summary of the basis for the amount established as the Purchase Price is set forth in the <br />attached Statement of Just Compensation, identified as Attachment 3. <br />The City of Santa Ana Acquisition Handbook provides that each Owner from whom the City <br />purchases real property or an interest therein, or each tenant owning improvements on said <br />Property, be provided with information relating to the acquisition procedures pursuant to the <br />Government Code, Paragraph 7267.2(a). This information is provided in Attachment 5. <br />Please also be advised that under Code of Civil Procedure Section 1263.025, the City of Santa <br />Ana will reimburse an owner of property, up to the amount of $5,000 for the owner to secure an <br />independent appraisal of property subject to a potential acquisition. <br />Please let us know prior to March 2, 2017 if the City's offer is acceptable. A written agreement <br />concerning the acquisition of the Property will be provided to you for your review and approval. <br />It is the desire of the City to acquire private property through voluntary purchase, if possible. <br />While the City has the power of eminent domain, condemnation has not yet been authorized <br />with respect to your property, and no decision has yet been made to use the power of eminent <br />domain to acquire your property. <br />75M-6 <br />