75D - PH - ACQUISITION 1922 AND 2002 W 5TH ST

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ORANGE COUNTY TRANSPORTATION AUTHORITY ("OCTA") STATEMENT OF COMPENSATION AND VALUE SUMMARY (IMPROVEMENTS PERTAINING TO REALTY) DATE OF VALUATION: March 9, 2016 PROJECT: OC Streetcar Project PARCEL NO: OCS-002 & 003 PROPERTY LOCATION: APN: 007-100-04 & 05 1922 (also known as 2006) and 2002 W. Fifth Street Santa Ana, CA 92703 PROPERTY OWNER: Valdivia Family Trust TENANT: SA Recycling LLC DESCRIPTION OF SUBJECT BUSINESS: SA Recycling is located at 1922 (also known as 2006) and 2002 West 50' Street, Santa Ana, California. Mr. Alex Villa, a Supervisor for the Subject Business, reported that the Subject Business started operation at the Subject Location in 2007. BASIS OF COMPENSATION: The OCTA's offer of compensation is based upon the Fair Market Value in Place of the subject F&E and is not less than the approved appraised valuation. The amount of the offer is the full amount believed to be compensation for the F&E. OCTA had the subject F&E appraised to determine the Replacement Cost New, the Fair Market Value in Place the Salvage/Liquidation Value of the assets identified as being F&E. In valuing the F&E, the appraiser physically inspected the assets listed on Exhibit A and examined the age, condition and considered the useful life of each asset, both physically and functionally. The appraiser then contacted the manufacturers' representatives and used Marshall & Swift Valuation Services, as well as cost/marketing data of the assets in question and various resale internet sites. Using this data, the appraiser determined the Replacement Cost New Value, the Fair Market Value in Place and the Salvage/Liquidation Value based on the following definitions: Fair Market Value in Place In estimating the fair market value of the assets appraised herein, we have relied upon the definition of fair market value found in Article 4, §1263.320 of the California Code of Civil Procedure, which reads as follows: 75D-104