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1241 Saint Anne Place <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 Interests, 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 Interests, giving <br />proper notice to you In either event. The City has made no decision to exercise its power of <br />eminent domain to acquire the Property Interests and can only do so after it holds a hearing, at <br />which all affected property owners have had an opportunity to appear and be heard. <br />The Purchase Price is the total amount established by the appraisal as the fair market value of <br />the Property Interests and the just compensation for such acquisition. A written statement and <br />a 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 Interests will be provided to you for your review and <br />approval. <br />It is the desire of the City to acquire private property interests through voluntary purchase, if <br />possible. While the City has the power of eminent domain, condemnation has not yet been <br />authorized with respect to your property, and no decision has yet been made to use the power <br />of eminent domain to acquire the Property Interests. <br />750-6 <br />