75K - PH - RESO NECESSITY 2105-2109 S BRISTOL

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ATTACHMENT STATEMENT OF NST COMPENSATION Assessor's Parcel: 015-194-41 Property Owner: Thanh Ngoc Nguyen, as trustee or any successor trustee, under that certain declaration of trust named Thanh Ngoc Nguyen Family Trust, created by Thanh Ngoc Nguyen, as trustor, dated October 30, 2001, Property Address: 2105-2109 South Bristol Street Santa Ana, California Location of Parent East side of Bristol Sheet, beginning 60-E feet south of Saint Gertrude Place, within Property: the corporate limits of the City of Santa Ana. Description of The property is presently improved with a commercial office building of wood Parent Property: fi•ame and stucco construction. The building contains 3,255 square feet; and was originally constructed in 1986. Other appurtenant on-site improvements located within the boundaries of the subject parcel include concrete paving, tile surfacing, concrete block walls, wrought iron fencing, business sign, concrete curbing, metal frame light standards, concrete auto stops, marked automobile parking spaces, inground irrigation system, and ornamental landscaping. Overall condition of the subject improvements is rated average -good, considering the age. The development is situated on a parcel containing 11,402 square feet of land area. Zoning: Bristol Street Corridor Specific Plan. The property has been considered and appraised ander the previous zone classification of C-5 (arterial commercial) as a means of avoiding project influence. Topography: Effectively level topography. Utilities: In place at site. Highest and Best Highest and best use is defined as the reasonably probable and legal use of land, Use: which is legally permissible, physically possible, and financially feasible that results in the highest value. Highest and best use analysis is used in the appraisal process to identify comparable properties and, where applicable, to determine whether the existing improvements should be retained, renovated, or demolished. The results of the highest and best use analysis are: As if Vacant: Commercial development. As improved: Existing use. Date of Value: December 7, 2016 Public Use for Bristol Street Improvement Project. Property: Estate to be Fee simple acquisition of entire subject property, 75K-22