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ATTACHMENT <br />STATEMENT OF JUST COMPENSATION <br />Assessor's Parcel: 408-471-17 <br />Property Owner: AU Zone Santa Ana, LLC, a California limited liability company <br />Property Address: 2120-2130 South Bristol Street <br />Zoning: <br />C-2 (general commercial). <br />Topography: <br />Santa Ana, California <br />Location of Parent <br />West side of Bristol Street, beginning 265± feet north of Warner Avenue, within <br />Property: <br />the corporate limits of the City of Santa Ana. <br />Description of Parent <br />The parent property is presently improved with a shopping center <br />Property: <br />development comprising several buildings of reinforced concrete block and <br />wood fi•arme construction. The center is anchored by a Food 4 Less grocery <br />market. The development was originally constructed in approximately 1980 <br />and renovated throughout the years. Other appurtenant on-site improvements <br />located within the boundaries of the subject parcel include asphalt paving, <br />concrete paving, concrete block walls, concrete curbing, light standards, <br />Date of Value: <br />parking signs, business monument sign, marked automobile panting spaces, <br />inground irrigation system, and ornamental landscaping. The development is <br />situated on a parcel containing 10,451 acres, or 455,2021 square feet of land <br />area. <br />Zoning: <br />C-2 (general commercial). <br />Topography: <br />Effectively level topography. <br />Utilities: <br />In place at site. <br />Highest and Best Use: <br />Highest and best tue is defined as the reasonably probable and legal use of <br />land, which is legally permissible, physically possible, and frnancially feasible <br />that results in the highest value. Highest and best use analysis is used in the <br />appraisal process to identify comparable properties and, where applicable, to <br />determine whether the existing improvements should be retained, renovated, <br />or demolished. The results of the highest and best use analysis are: <br />As if Vacant: Commercial development, <br />As improved: Existing use. <br />Date of Value: <br />December 14, 2016 <br />Public Use for Bristol Street Improvement Project <br />Property: <br />Estates to be Fee simple acquisition. <br />Acquired: <br />]Legal Description: The legal description of the acquisition area was prepared by Johnson -Frank <br />& Associates, Inc. <br />Area to be Acquired: Acquisition area: 258 sq.ft. <br />Total Just $72,400. <br />Compensation: <br />75N-17 <br />