Loading...
HomeMy WebLinkAbout75B - PH - CONDEMNATION 1501 N BRISTOLREQUEST FOR COUNCIL ACTION CITY COUNCIL MEETING DATE: JANUARY 20, 2016 TITLE: PUBLIC HEARING — RESOLUTION AUTHORIZING CONDEMNATION OF REAL PROPERTY AT 1601 NORTH BRISTOL STREET (PROJECT NO. 116740 NONGENERAL FUND) (STRATEGIC PLAN NO, 6,1,G; 3,2,C) f '._, [ ,- CITY MANAGER CLERK OF COUNCIL USE ONLY: " 06 R, 0 As Recommended 0 As Amended 0 Ordinance on 1" Reading 0 Ordinance on 2n° Reading 0 Implementing Resolution 0 Set Public Hearing For CONTINUED TO FILE NUMBER Adopt a resolution authorizing the condemnation of the entire real property located at 1501 North Bristol Street (APN 405- 252 -20) declaring the public necessity and interest therefore. On March 6, 2006, the City Council approved the cooperative agreement between the City and the Orange County Transportation Authority to fund Bristol Street improvements from Warner Avenue to Seventeenth Strut. The northern segment of the third phase of the project, between Washington Avenue and Seventeenth Street, is in the final design phase and construction is expected to start in early 2015. Improvements include widening Bristol Street from two to three lanes in each direction, new landscaped medians and parkways, and bike lanes. These Improvements will result in improved traffic flow, enhanced streetscape aesthetics, and greater mobility. The project will also improve drainage through the installation of new storm drain improvements. To accommodate these improvements, acquisition of a portion of the parcel at 1501 North Bristol Street is required (Exhibit 1). The Public Works Agency has made a diligent effort to negotiate with the property owners and their representatives for the past 14 months. A good faith offer was made on August 20, 2014, in the amount of $1,132,000 (Exhibit 2). The Public Works Agency has made, and will continue to make every effort to reach a settlement with the property owner. However, to maintain the Bristol Street Improvements project schedule and meet the funding requirement to commence construction in early 2015, staff is requesting adoption of a Resolution of Necessity (Exhibit 3) and initiation of condemnation proceedings while negotiations continue. 75B -1 Public Hearing & Resolution Authorizing Condemnation of Real Property for 1501 N. Bristol Street January 20, 2015 Page 2 of 2 STRATEGIC PLAN ALIGNMENT Approval of this item supports the City's efforts to meet Goal #6 Community Facilities & Infrastructure, Objective #1 (establish and maintain a Community Investment Plan for all City assets), Strategy G (develop and implement the City's Capital Improvement Program in coordination with the Community Investment and Deferred Maintenance Plans). Approval of this item also supports the City's efforts to meet Goal #3 Economic Development, Objective #2 (create new opportunities for business /job growth and encourage private development through new General Plan and Zoning Ordinance policies), Strategy C (support business development and job growth along transit corridors through the completion of critical transit plans /projects). ENVIRONMENTAL IMPACT In accordance with the California Environmental Quality Act, the proposed project has been determined to be adequately evaluated in the previously prepared Final Environmental Impact Statement / Environmental Impact Report (EIS No. 89 -01) approved in 1990 and in Addendum to FEIS /EIR adopted by council on June 3, 2014. FISCAL IMPACT Funds are appropriated in the Select Street Construction Fund (Account 05917661 - 66220) and Measure M2 Street Construction Fund (Account 03217662 - 66220). Public Works Agency FM /EWG /KN Exhibits: 1. Location Map 2. Offer Letter 3. Resolution of Necessity APPROVED AS'I O FUNDS AND ACCOUNTS 4��` Sad a_s_ Francisco Gutierrez Executive Director Finance & Management Services Agency 75B -2 (NTS) 18TH STREET 17TH STREET LEGEND 405- 252 -21 MATCHLINE SEE TOP RIGHT - SUBJECT PROPERTY - ACQUIRED PROPERTIES MATCHLINE SEE BOTTOM LEFT WASHINGTON AVENUE I I EXHIBIT 1 SANTA ANA TITLE: ■ fin' /� ■ Cn-Y COUNCIL PUBLIC HEARING - RESOLUTION VV H AGENDA DATE: AUTHORIZING CONDEMNATION OF REAL IL JANUARY 20, 2015 PROPERTY AT 1501 NORTH BRISTOL STREET PUBLIC WORKS AGENCY (PROJECT NO. 116740 NONGENERAL FUND) 75B -3 H- ' W W i � u � a u cf) o J e ° I u O 1 a I zL „........� UP m 405- 252 -22 LEGEND 405- 252 -21 MATCHLINE SEE TOP RIGHT - SUBJECT PROPERTY - ACQUIRED PROPERTIES MATCHLINE SEE BOTTOM LEFT WASHINGTON AVENUE I I EXHIBIT 1 SANTA ANA TITLE: ■ fin' /� ■ Cn-Y COUNCIL PUBLIC HEARING - RESOLUTION VV H AGENDA DATE: AUTHORIZING CONDEMNATION OF REAL IL JANUARY 20, 2015 PROPERTY AT 1501 NORTH BRISTOL STREET PUBLIC WORKS AGENCY (PROJECT NO. 116740 NONGENERAL FUND) 75B -3 75B -4 City of Santa Ana RECEIPT OF OFFER PACKAGE Bristol Street Widening -Washington Avenue to Seventeenth Street Parcel File No. 405 - 252 -20 Owner(s) of Record: MC DONALD'S CORPORATION, DBA DELAWARE MCDONALD'S CORPORATION SUCCESSOR IN INTEREST BY MERGER TO FRANCHISE REALTY INTERSTATE CORPORATION, AN ILLINOIS CORPORATION, AS TO PARCELS C AND D and MCDONALD'S CORPORATION, A DELAWARE CORPORATION, AS TO PARCELS A AND B Additional Owner (s) of Record: Property Address: 1501 N. Bristol Street Santa Ana, CA This is to acknowledge receipt of the offer package containing the following items: Updated Offer letter dated June 18, 2014 which includes: • Property Legal Description (Attachment 1) • Statement of Just Compensation (Attachment 2) • Summary Explanation Statement (Attachment 3) City of Santa Ana Handbook on Acquisition McDonald's Corporation Exhibit 2 75B -5 Date MAYOR Miguel A. Pulido MAYOR PRO TEM Sal Tinaiero COUNCILMEMBERS Angelica Amezcua P. David Benavides Michele Martinez Roman Reyna Vincent F. Sarmiento June 18, 2014 McDonald's Corporation 1501 N. Bristol Street Santa Ana, CA 92706 CITY OF SANTA ANA 20 Civic Center Plaza • P.O. Box 1988 M -21 Santa Ana, California 92702 w .santa- ana.ora CITY MANAGER David Cavazos CITY ATTORNEY Sonia R. Carvalho CLERK OF THE COUNCIL Maria D. Huizar Via Certified Mail SUBJECT: UPDATED OFFER TO ACQUIRE A PORTION OF THE PROPERTY LOCATED AT: 1501 N. BRISTOL STREET, SANTA ANA, CA APN: 405 - 252 -20 Dear Property Owner: The City of Santa Ana ( "City ") is proceeding with its plans to construct Phase IIIB of the Bristol Street Widening Project between Washington Avenue and Seventeenth Street. The City obtained a preliminary title report that lists McDonald's Corporation, DBA Delaware McDonald's Corporation successor in interest by merger to franchise realty interstate corporation, an Illinois Corporation, as to parcels C and D & McDonald's corporation, a Delaware Corporation, as to parcels A and B, to be the vested owners of the above - mentioned property. The City seeks to acquire a portion of the property located at the above - mentioned address, which consists of the underlying real property of 4,550 square feet and the improvements thereon, as described in Attachment 1. The area to be acquired is referred to herein as the "Property ". Based on McDonald's Corporation's desire to reconfigure and re -build on the remainder of their site, the City rescinds and replaces the City's Offer to acquire the entire property dated October 1, 2013 and makes an offer for a partial take instead which contemplates the relocation of McDonald's onsite. THIS OFFER IS CONTINGENT ON THE PARTIES REACHING AGREEMENT AS TO THE VALUE OF THE PARTIAL TAKE AND CONCURRENT AGREEMENT TO RECONFIGURE AND REBUILD ON SITE. Due to project schedule constraints, the City needs an answer to this concept within 30 days. If McDonalds is agreeable to this concept, the parties will need to meet immediately to finalize the timeline required to reach a final resolution. The City needs to begin construction by March 2015 and therefore time is of the essence in terms of reaching a final agreement. If the City and McDonald's cannot come to an agreement regarding the partial take acquisition, the City reserves the right to acquire the entire site for construction of the street improvement project and a new offer will be made consistent with a full take. 75B -6 Page 2 No final determination has been made as to the ownership of the Property. This offer is contingent upon presentation of conclusive evidence of title. If more than one person has an interest in the Property that the City is seeking to acquire, all parties with such interest must accept this offer. As you know, the City had your Property appraised to determine its fair market value. The appraisal was conducted in accordance with commonly accepted appraisal standards and included consideration of the highest and best use of the land. Based on the appraisal, the City offers to purchase the portion of your Property for $1,132,000. The basis for this offer is explained more thoroughly in the attachments to this letter that are made a part of this offer by reference. This offer is conditional upon the City Council ratifying this offer by a formal action taken at a regular public meeting authorizing the execution of a Purchase and Sale Agreement. If you are not satisfied with the City's offer, you are encouraged to present to us any material you believe to be relevant to the value of the Property, which material will be carefully considered by the City. If, in the City's opinion, the additional information warrants a change in the offer, the City's offer will be adjusted accordingly. The Purchase Price is the full amount established by the appraisal as the fair market value of the Property and the just compensation for such acquisition. A written statement and a summary of the basis for the amount established as the Purchase Price is set forth in the attached Statement of Just Compensation, identified as Attachment 2. The California Relocation Assistance and Real Property Acquisition Guidelines provide that each Owner from whom the City purchases real property or an interest therein, or each tenant owning improvements on said Property, be provided with information relating to the acquisition procedures pursuant to the Government Code, Paragraph 7267.2(a). This information is provided in Attachment 3. Please let us know prior to July 19, 2014 if the City's offer is acceptable. A written agreement concerning the acquisition of the Property will be provided to you for your review and approval. If for any reason you should see fit not to accept the City's offer, please be advised that this letter, the offer made herein, the enclosed summary statements, and all matters stated herein are made under the provisions of California Evidence Code § §1152 and 1154 and shall not be admissible in evidence in any eminent domain proceeding which may subsequently be instituted for acquisition of the Property, or in any other action. If you need additional information, please call me at (714) 647 -5664. Sincerely, Jason Gabriel Principal Engineer 75B -7 ATTACHMENT LEGAL DESCRIPTION THE LAND REFERRED TO HEREIN IS SITUATED IN THE STATE OF CALIFORNIA, COUNTY OF ORANGE, CITY OF SANTA ANA, AND IS DESCRIBED AS FOLLOWS: PARCEL A: LOT 9 AS SHOWN ON A MAP FILED IN BOOK 3, PAGE 12 OF RECORD OF SURVEYS IN THE OFFICE OF THE COUNTY RECORDER OF ORANGE COUNTY, CALIFORNIA. PARCEL B: LOTS 11 AND 13 AS SHOWN ON A MAP FILED IN BOOK 3, PAGE 12 OF RECORD OF SURVEYS IN THE OFFICE OF THE COUNTY RECORDER OF ORANGE COUNTY, CALIFORNIA. PARCEL C: THAT PORTION OF THE NORTHWEST QUARTER OF THE NORTHWEST QUARTER OF SECTION 12, TOWNSHIP 5 SOUTH, RANGE 10, WEST, IN THE LAND ALLOTTED TO JACOB ROSS IN DECREE OF PARTITION OF THE RANCHO SANTIAGO DE SANTA ANA, RECORDED IN BOOK B OF JUDGMENTS OF THE 17TH DISTRICT COURT OF CALIFORNIA, DESCRIBED AS FOLLOWS: BEGINNING AT A POINT IN THE CENTER LINE OF BRISTOL STREET DISTANT THEREON 660 FEET SOUTHERLY FROM THE NORTHWEST CORNER OF SAID SECTION 12, THENCE EASTERLY PARALLEL WITH THE NORTH LINE OF SAID SECTION 12, A DISTANCE OF 174.60 FEET; THENCE SOUTHERLY PARALLEL WITH SAID CENTER LINE OF BRISTOL STREET, 50 FEET; THENCE WESTERLY PARALLEL WITH THE NORTH LINE OF SAID SECTION 12, A DISTANCE OF 174.60 FEET TO THE CENTER LINE OF BRISTOL STREET; THENCE NORTHERLY ALONG SAID CENTER LINE, 50 FEET TO THE POINT OF BEGINNING. PARCEL D: THAT PORTION OF THE NORTHWEST QUARTER OF THE NORTHWEST QUARTER OF SECTION 12, TOWNSHIP 5 SOUTH, RANGE 10 WEST, IN THE LAND ALLOTTED TO JACOB ROSS IN DECREE OF PARTITION OF THE RANCHO SANTIAGO DE SANTA ANA, RECORDED IN BOOK B OF JUDGMENTS OF THE 17TH DISTRICT COURT OF CALIFORNIA, DESCRIBED AS FOLLOWS: BEGINNING AT A POINT ON THE CENTER LINE OF BRISTOL STREET, DISTANT THEREON 710.00 FEET SOUTHERLY FROM THE NORTHWEST CORNER OF SAID SECTION 12; THENCE EASTERLY 174.60 FEET PARALLEL WITH THE NORTH LINE OF SAID SECTION; THENCE SOUTHERLY 125.02 FEET PARALLEL WITH THE SAID CENTER LINE OF BRISTOL STREET; THENCE WESTERLY 174.60 FEET PARALLEL WITH THE NORTH LINE OF SAID SECTION TO THE CENTER LINE OF BRISTOL STREET; THENCE NORTHERLY 125.02 FEET ALONG SAID CENTER LINE OF BRISTOL STREET TO THE POINT OF BEGINNING. 20 75B -8 ATTACHMENT 75B -9 405- 252 -20 Assessor's Parcel: Property Owner: McDonald's Corporation, a Delaware Corporation Property Address: 1501 North Bristol Street Santa Ana, California Location of Parent Property: East side of Bristol Street, beginning 460± south of 17th Street, within the City of Santa Ana Description of Parent Property: The property is presently improved with a fast food restaurant of wood frame and stucco construction. The building contains 2,510 square feet, has additional basement storage area, and was originally constructed in 1988±. Other appurtenant on -site improvements located within the boundaries of the subject parcel include a trash enclosure, asphalt paving, concrete paving, concrete curbing, concrete block walls, wrought iron fencing, business signage, metal bollards (auto stops), concrete auto stops, marked automobile parking spaces, and irrigated landscaping. The development is situated on a parcel containing 40,501 square feet of land area. Zoning: C -5 (arterial commercial) Topography: Effectively level topography Utilities: In place at site Highest and Best Use: Highest and best use is defined as the reasonably probable and legal use of land, 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 use As improved: Existing use Date of Value: January 8, 2014 Public Use for Property: Bristol Street Widening Improvement Project Estate to be Acquired: Permanent (perpetual) roadway easement Legal Description: The legal description of the acquisition area was prepared by Bickel Underwood, Architects. Area to be Acquired: Permanent roadway area: 4,550 square feet Total Just Compensation: $1,132,000 75B -9 SUMMARY OF THE BASIS FOR JUST COMPENSATION The purpose of the appraisal study is to express an estimate of total just compensation applicable to the proposed partial acquisition of the subject parent property. Just compensation is based on a quantitative measure of market value. Market value is defined in The California Code of Civil Procedure, § 1263.320, as: "(A) The fair market value of the property taken is the highest price on the date of valuation that would be agreed to by a seller, being willing to sell but under no particular or urgent necessity for so doing, nor obliged to sell, and a buyer, being ready, willing, and able to buy but under no particular necessity for so doing, each dealing with the other with full knowledge of all the uses and purposes for which the property is reasonably adaptable and available. (B) The fair market value of property taken, for which there is no relevant market is its value on the date of valuation as determined by any method of valuation that is just and equitable." Additionally, Section 1263.330 provides that the fair market value shall not include an increase or decrease in value attributable to the project for which the property is to be acquired. Accordingly, the subject property has been appraised absent any influence of the proposed freeway interchange improvement project. There are three conventional methods (approaches) which can be utilized to estimate value. They are the Sales Comparison Approach, Cost - Summation Approach, and Income Capitalization Approach. The Sales Comparison Approach has been employed herein to estimate the value of the subject underlying land parcel which will be utilized in the valuation of the proposed take area as well as in the "after" condition analysis. The Sales Comparison Approach and Income Capitalization Approach have been applied to the subject parent property for the purpose of estimating the unencumbered fee simple market value as presently improved with the fast -food restaurant facility. Certain elements of the Cost - Summation Approach have been employed herein for the purpose of estimating the contributory value of existing improvements impacted by the partial acquisition. Value of Parent Property before Taldng: Sales Comparison Approach: The Sales Comparison Approach takes into account properties which have sold in the open market. This approach, whether applied to vacant or improved property, is based on the Principle of Substitution which states, "The maximum value of a property tends to be set by the cost of acquiring an equally desirable substitute property, assuming no costly delay is encountered in making the substitution. " Thus, the Sales Comparison Approach attempts to equate the subject property with sale properties by analyzing and weighing the various elements of comparability. 75B -10 SUMMARY OF THE BASIS FOR JUST COMPENSATION (Continued) Value of Parent Property, Before Taking: (Continued) Sales Comparison Approach: (Continued) The Sales Comparison Approach was utilized to estimate the value of the subject land parcel after an investigation and analysis was conducted of recent sales involving reasonably comparable land parcels within the greater subject market area. Land Value: Following is a summary of the sales considered helpful when estimating the value of the subject land, as if vacant and available for a highest and best use development. Street Data Date Zonin Land Size Alley Corner Frontage Sale Price Per SF A. 2 -13 CR 34,412 sf no yes 240 feet $ 975,000. $28.33 SWC Katella Ave. and Batavia St., Orange B. 3 -13 C -2 25,210 sf no yes 330 feet $1,000,000. $39.67 SEC First St. and Newhope St., Santa Ana C. 6 -13 C -2 27,443 sf no yes 315 feet $1,099,000. $40.05 NEC Garden Grove Blvd. and Adelle St., Garden Grove D. 7 -13 C -1 36,296 sf no yes 230 feet $1,900,000. $52.35 SWC Westminster Ave. and Hope St., Garden Grove E. n o- nn 2 -2 Jc 7,i i vn Sr i no Flo 27J et $2, 00 00,n 13 0n. $40.99 S/S Ball Rd., 132±' E/O West Pl., Anaheim F. U -13 C -1 14,866 sf no yes 225 feet $ 700,000. $47.09 NWC Euclid St. and Fourth St., Santa Ana The properties surveyed are located within the general subject vicinity, and represent the most recent comparable land sales available for analysis. The properties range in size from 14,866 to 57,160 square feet of land area. The overall purchase prices range from $700,000 to $2,800,000, reflecting a relatively wide range of value between $28.33 and $52.35 per square foot of land area; the predominant range is between $39.67 and $48.99. Certain of the land sales data considered extended over a time period back to the first quarter of 2013. The time frame permitted the development of a rather comprehensive real estate market profile. The sales employed in this report are set forth in chronological order, and took place between February 2009 and November, 2013. Differing market conditions were considered in the analysis of the individual sale properties. 75B -11 SUMMARY OF THE BASIS FOR JUST COMPENSATION (Continued) Value of Parent Property, Before Taking: (Continued) Sales Comparison Approach: (Continued) Land Value: (Continued) After viewing all of the sale properties, and obtaining certain information pertinent to land value, the appraiser analyzed the various elements of comparability for each sale property (as compared to the subject property) which, among others, include the following: General location Immediate environmental influences Accessibility Public utilities and sanitary sewer Zoning, entitlements, if any Size, shape, and plottage Topographical characteristics Site prominence /exposure A Relative Comparison Analysis (RCA) has been conducted between the individual comparable properties and the subject property. The RCA is a qualitative technique for analyzing comparable sales, and is a valuable tool employed to illustrate whether the characteristics of a comparable property are inferior, superior, or similar to those of the property under appraisement. The Relative Comparison Analysis is similar to paired data analysis. This technique acknowledges the imperfect nature of the subject real estate market. The primary objective is to bracket the subject property between the comparable sales with respect to the similarity, superiority, and inferiority thereof. Superior elements of comparability of an individual sale property would reflect a downward adjustment to the value indication thereof. Conversely, inferior elements suggest an upward adjustment. Additionally, it is important to note that the above elements of comparability were not assigned equal weight in malting the analysis of each property. The general location, immediate environmental influences, development density, vehicular accessibility, site conditions, site prominence /exposure, and land plottage were considered the most important factors in the subject case. All of the sale transactions employed herein were considered helpful in the land valuation analysis of the subject property. The purchase price per square foot of land area has been utilized herein as the primary indication of value inasmuch as it is most commonly utilized by market participants. The properties have been compared to the subject property with respect to the various elements of comparability. Following is a summary relating the overall comparability of the individual sale properties employed in the subject land value analysis. Continued .. . 75B -12 SUMMARY OF THE BASIS FOR JUST COMPENSATION (Continued) Value of Parent Property, Before Taking: (Continued) Sales Comparison Approach: (Continued) Land Value: (Continued) After considering the various elements of comparability, as well as economic and financial conditions prevailing during the consummation of the various sale properties, when compared to current market conditions, it is the appraiser's opinion that the unencumbered fee simple market value of the subject site, as if vacant and available for a highest and best use development, is estimated at $45.00 per square foot of land area, as follows: 40,501 SF @ $45.00 = $1,822,545 Value cis Improved: Following is a summary of those sales considered helpful when estimating the value of the subject property as presently improved with the fast food restaurant facility. Land Size Corner Zoning Land/Bldg. $ /SF Land Data Date Blde. Size Built Drive- throueh Ratio Sale Price /SF Bldg. 1. 11 -12 30,000 sf no PC -15 12.50:1 $1,925,000. $ 64.17 2,400 sf 1979 yes $802.08 4501 Jamboree Road, Newport Beach 2. 12 -12 33,106 sf no C -1 9.55:1 $2,595,000. $ 78.38 3,465 sf 1998 yes $748.92 2100 East 17`x' Street, Santa Ana 3. 2 -13 24,606 sf yes C -1 6.84:1 $2,710,000. $11.0.14 3,600 sf 1965 yes $752.78 222 North Euclid Street, Fullerton 75B -13 Overall Data Comparability Per SF A inferior $28.33 B inferior $39.67 C similar $40.05 Subject - - - - $45.00 F similar $47.09 E similar $48.99 D superior $52.35 After considering the various elements of comparability, as well as economic and financial conditions prevailing during the consummation of the various sale properties, when compared to current market conditions, it is the appraiser's opinion that the unencumbered fee simple market value of the subject site, as if vacant and available for a highest and best use development, is estimated at $45.00 per square foot of land area, as follows: 40,501 SF @ $45.00 = $1,822,545 Value cis Improved: Following is a summary of those sales considered helpful when estimating the value of the subject property as presently improved with the fast food restaurant facility. Land Size Corner Zoning Land/Bldg. $ /SF Land Data Date Blde. Size Built Drive- throueh Ratio Sale Price /SF Bldg. 1. 11 -12 30,000 sf no PC -15 12.50:1 $1,925,000. $ 64.17 2,400 sf 1979 yes $802.08 4501 Jamboree Road, Newport Beach 2. 12 -12 33,106 sf no C -1 9.55:1 $2,595,000. $ 78.38 3,465 sf 1998 yes $748.92 2100 East 17`x' Street, Santa Ana 3. 2 -13 24,606 sf yes C -1 6.84:1 $2,710,000. $11.0.14 3,600 sf 1965 yes $752.78 222 North Euclid Street, Fullerton 75B -13 SUMMARY OF THE BASIS FOR JUST COMPENSATION (Continued) Value of Parent Property, Before Taking: (Continued) Sales Comparison Approach: (Continued) Value as Improved: (Continued) The improved properties surveyed contain fast food restaurant buildings ranging in size from 2,400 to 4,006 square feet. The buildings were constructed between 1963 and 2008, and are situated on parcels ranging in size from 24,416 to 33,106 square feet of land area. The sale properties employed herein represent the most recent comparable improved sale properties available for analysis. The overall purchase price has been utilized as the primary unit of analysis in the Sales Comparison Approach. Secondary consideration has been assigned to the price per square foot of land area and purchase price per square foot of building area. The overall purchase prices range between $1,900,000 and $3,194,500, reflecting $64.17 to $110.14 per square foot of land area and $622.95 to $830.60 per square foot of building area. As in the case of the previous land value analysis, differing market conditions were considered in the analysis of the improved fast food restaurant properties. Certain of the improved sales data considered extended over a time period back to the last quarter of 2012. The time frame permitted the development of a rather comprehensive real estate market profile. The sales employed in this report are set forth in chronological order, and took place between November, 2012 and October, 2013. Inasmuch as the sales took place during stable market conditions, adjustments for same are not warranted. After viewing each of the sale properties, and obtaining certain information pertinent to value, the appraiser analyzed the various elements of comparability for each sale property which, among others, include the following: 75B -14 Land Size Corner Zoning Land /Bldg. $ /SF Land Data Date Bldg. Size Built Drive - through Ratio Sale Price $ /SF Bldg. 4. 3 -13 24,416 sf yes PR 8.01:1 $1,900,000. $ 77.82 3,050 sf 1963 yes $622.95 171 Fast 1s` Street, Tustin 5. 8 -13 29,708 sf no CT 7.72:1 $3,194,500. $107.53 3,846 sf 2000± yes $830.60 26801 Aliso Creek Road, Aliso Viejo 6. 10 -13 32,485 sf no C -2 8.11:1 $2,510,000. $ 77.27 4,006 sf 2008 yes $626.56 2511 South Bristol Street, Santa Ana The improved properties surveyed contain fast food restaurant buildings ranging in size from 2,400 to 4,006 square feet. The buildings were constructed between 1963 and 2008, and are situated on parcels ranging in size from 24,416 to 33,106 square feet of land area. The sale properties employed herein represent the most recent comparable improved sale properties available for analysis. The overall purchase price has been utilized as the primary unit of analysis in the Sales Comparison Approach. Secondary consideration has been assigned to the price per square foot of land area and purchase price per square foot of building area. The overall purchase prices range between $1,900,000 and $3,194,500, reflecting $64.17 to $110.14 per square foot of land area and $622.95 to $830.60 per square foot of building area. As in the case of the previous land value analysis, differing market conditions were considered in the analysis of the improved fast food restaurant properties. Certain of the improved sales data considered extended over a time period back to the last quarter of 2012. The time frame permitted the development of a rather comprehensive real estate market profile. The sales employed in this report are set forth in chronological order, and took place between November, 2012 and October, 2013. Inasmuch as the sales took place during stable market conditions, adjustments for same are not warranted. After viewing each of the sale properties, and obtaining certain information pertinent to value, the appraiser analyzed the various elements of comparability for each sale property which, among others, include the following: 75B -14 SUMMARY OF THE BASIS FOR JUST COMPENSATION (Continued) Value of Parent Property, Before Taking: (Continued) Sales Comparison Approach: (Continued) Value as Improved: (Continued) General location Immediate environmental influences Zoning Vehicular and pedestrian access Vehicular and pedestrian traffic Building size /features Building age and condition Construction type and quality Availability of public alley Overall developability Site frontage /depth ratio Site prominence and exposure Proximity to freeway Building remodeling, if any On -site parking capacity Extent of other on -site improvements As discussed in the previous land value analysis, a Relative Comparison Analysis (RCA) has been conducted between the individual comparable improved properties and the subject property. The RCA is a qualitative technique for analyzing comparable sales, and is a valuable tool employed to illustrate whether the characteristics of a comparable property are inferior, superior, or similar to those of the property under appraisement. As stated, it is important to note that the above elements of comparability were not assigned equal weight in malting the analysis of each property. The general location, immediate environmental influences, land size, building size and features, building age /condition, as well as site prominence /exposure were considered the most important factors in the subject case. Overall marketability of each sale property was also considered. Marketability is the practical aspect of selling a property in view of all the elements constituting value, and certain economic and financing conditions prevailing as of the date of sale. The sale properties employed herein are considered having generally similar marketability as the subject property. Another important factor considered in analyzing the overall purchase price per square foot of building area is that of the land /building area ratio. The sale properties have ratios ranging between 6.84:1 and 12.50:1. The subiect nronerty has a ratio of 16.14:1. All of the sale properties employed herein were considered helpfid in the valuation analysis of the subject property. Following is a summary relating the overall comparability of the individual sale properties to the subject site: Continued .. . 75B -15 SUMMARY OF THE BASIS FOR JUST COMPENSATION (Continued) Value of Parent Property, Before Taking: (Continued) Sales Comparison Approach: (Continued) Value as Improved: (Continued) After considering the various elements of comparability, as well as economic and financial conditions prevailing during the consummation of the various sale properties, as compared to current market conditions, it is estimated at $2,700,000, which reflects $66.67 per square foot of land area, and $1,075.70 per square foot of building area. The resulting unit rate per square foot of building area exceeds the value range indicated by the sale properties due primarily to the higher land/building area ratio of the subject facility. It may be of interest to note that the unit rate per square foot of land area is supported by the comparable sale properties. Income Capitalization Approach: The Income Capitalization Approach is based on the capitalization of net income generated, or capable of being generated, by the subject property. The net operating income is the product of the estimated gross rental income, less allowances for long term vacancy /credit loss and various expense charges. The income /expense pro forma set forth herein is intended to reflect a typical stabilized holding period. Following is the income and expense schedule considered applicable to the subject property. Monthly rental income: 2,510 SF @ $4.65 = $11,672 Total gross annual income: $11,672 x 12 = $140,064 Vacancy and credit loss (1.5 %): - 2,101 Effective gross annual income: (carried forward) $137,963 Continued .. . 75B -16 Overall Data Comparability Sale Price 4 inferior $1,900,000 1 inferior $1,925,000 6 inferior $2,510,000 2 similar $2,595,000 Subject - - - - $2,700,000 3 similar $2,710,000 5 superior $3,194,500 After considering the various elements of comparability, as well as economic and financial conditions prevailing during the consummation of the various sale properties, as compared to current market conditions, it is estimated at $2,700,000, which reflects $66.67 per square foot of land area, and $1,075.70 per square foot of building area. The resulting unit rate per square foot of building area exceeds the value range indicated by the sale properties due primarily to the higher land/building area ratio of the subject facility. It may be of interest to note that the unit rate per square foot of land area is supported by the comparable sale properties. Income Capitalization Approach: The Income Capitalization Approach is based on the capitalization of net income generated, or capable of being generated, by the subject property. The net operating income is the product of the estimated gross rental income, less allowances for long term vacancy /credit loss and various expense charges. The income /expense pro forma set forth herein is intended to reflect a typical stabilized holding period. Following is the income and expense schedule considered applicable to the subject property. Monthly rental income: 2,510 SF @ $4.65 = $11,672 Total gross annual income: $11,672 x 12 = $140,064 Vacancy and credit loss (1.5 %): - 2,101 Effective gross annual income: (carried forward) $137,963 Continued .. . 75B -16 SUMMARY OF THE BASIS FOR JUST COMPENSATION (Continued) Value of Parent Property, Before Taking: (Continued) Income Capitalization Approach: (Continued) Effective gross annual income: (brought forward) Annual expenses: $ /SF %EGI Real estate taxes (by tenant): $0.00 0.0% $ 00. Insurance (by tenant): 0.00 0.0% 00. Management (3 %): 1.65 3.0% 4,140. Legal and accounting: 0.24 0.4% Maintenance /repairs: 0_40 0.7% 1,000. $2.29 4.1% Total annual expenses: Net operating income: Capitalization of net income: $132,223 capitalized at 4.75% _ Reconciliation: Value indicated by Sales Comparison Approach: Value indicated by Cost - Summation Approach: Value indicated by Income Capitalization Approach: Final Estimate of Market Value (Before Condition): $137,963 600 - 5,740 $132,223 $2,783,642 Adjusted: $2,785,000 $2,700,000 Not applicable $2,785,000 Based on the foregoing, the market value of the unencumbered fee simple interest in the subject property, in as -is condition, exclusive of non - realty fixture /equipment items, is estimated at $2,750,000. Value of Part Taken as Part of Whole, Before Taking: The subject parent property is presently improved with a fast food restaurant facility containing 2,510 gross square feet of building area, originally constructed in 1988±. Other appurtenant on -site improvements located within the boundaries of the subject parent property include a trash enclosure, asphalt paving, concrete paving, concrete block walls, wrought iron fencing, concrete curbing, business signage, parking lot signage, metal frame light standards, metal bollards (auto stops), concrete auto stops, marked automobile parking spaces, in- ground irrigation system, and ornamental landscaping. 75B -17 SUMMARY OF THE BASIS FOR JUST COMPENSATION (Continued) Value of Part Taken as Part of Whole, Before Taking: (Continued) In smmnary, the purpose of the public project is for the widening of Bristol Street to its ultimate right- of-way width. The project, as it relates specifically to the larger parent property, entails the acquisition of a permanent roadway easement containing 4,550 square feet of land area. Existing improvements impacted by the project include a portion of the main building, concrete paving, asphalt paving, concrete curbing, various business and parking signage, marked parking spaces, irrigated landscaping, etc. A compensation allowance has been included herein for all improvements impacted by the partial acquisition. As previously stated, the Sales Comparison Approach has been employed herein to estimate the underlying land value of the larger parent property. The acquisition area has been considered and analyzed as part of the larger parent ownership. The fee simple land value applicable to the parent property was estimated at $45.00 per square foot of land area. Compensation for on -site improvements is based on the replacement cost new, less accrued depreciation. The unit rates applicable to the improvements are based on development projects wherein actual rates for a like improvement were available for review. A national cost service providing building costs for a wide variety of construction classes and materials has also be consulted as a secondary check. The overall unit rates applicable to the improvements include labor and material costs, as well as indirect costs such as management and supervision. It should be noted that the value of landscaping is based on its contributory value to the larger parent property. The value of the part acquired, considered as part of the whole parent ownership, before acquisition is estimated as follows: Continued .. . 75B -18 SUMMARY OF THE BASIS FOR JUST COMPENSATION (Continued) Value of Parent Property, Before Taking: (Continued) Land: Roadway area: 4,550 SF @ $45.00' _ Improvements within roadway area: Portion of main building: 588 SF @ $ 175.002 x 83%' = Concrete paving: 288 SF @ $ 8.952 x 83p3 = Asphalt paving: 1,870 SF @ $ 6.752 x 83 %5 = Concrete curbing: 810LF @ $ 18.502 x 83 %3 = Parking sign: 3 qty. @ $ 1,150.002 x 83 %3 = Metal frame light standards: 2 qty. @ $ 2,250.002 x 83 %3 = Monument sign: 1 qty. @ $18,500.002 x 83 %3 = Parking spaces: 14 qty. @ $ 15.002 x 83p3 = Flag pole: 1 qty. @ $ 1,650.002 x 83 %3 = Irrigation system: 4,750 SF @ $ 1.152 x 83 %3 — Landscaped area: 4,750 SF @ $ 6.50" _ Subtotal, improvements: Total value of part taken (land, improvements): $85,407 2,139 10,477 12,438 2,864 3,735 15,355 174 1,370 4,534 30.875 $204,750 169,368 $374,118 Unencumbered fee simple value of the subject underlying land parcel 2 Replacement cost new, inclusive of direct costs, indirect costs and entrepreneurial profit 3 Accrued depreciation based on an effective age of 5 years, and remaining life of 30 years, or (5/30) 17 %, reciprocal employed above ° Estimated value of landscape improvements based on their contributory benefit to the existing parent development 75B -19 SUMMARY OF THE BASIS FOR JUST COMPENSATION (Continued) Value of Remainder, Before Taking: The value of the remaining portion of the subject parent property, after acquisition, before consideration of severance damages and project benefits, is estimated as follows: Value of parent property, before taking: $2,750,000 Less value of part taken (land, improvements): - 374,118 Value of remainder, after acquisition, before consideration of damages and benefits: $2,375,882 Value of Remainder, After Taking: In the "after" condition, the underlying land parcel will contain 35,951 square feet of land area, net of Bristol Street. Other land features such as topography, drainage, effectively land shape, and highest and best use remain unchanged. The site will have continued reasonable vehicular /pedestrian access along Bristol Street. As discussed, the main fast food restaurant building and a significant portion of on -site improvements will be demolished and removed from the site as a result of the street widening project. While certain on -site improvements such as paving, landscaping, concrete curbing, etc., will remain within the remnant parcel, the value of same is judged relatively nominal in a highest and best use context. The subject remainder parcel has been considered and appraised herein as if vacant and readily available for development. The value of the remaining portion of the subject parent property, after acquisition, before consideration of severance damages and project benefits, is estimated by way of the Sales Comparison Approach. The fee simple land value was estimated in the previous portion of this section at $45.00 per square foot of land area. Said rate remains unchanged in the "after" condition. The value of the remainder parcel is as follows: 35,951 SF @ $45.00 = $1,617,795 Permanent Severance Damages: Severance damages are defined in Real Estate Valuation in Litigation, published by The Appraisal Institute, Page 289, as "the diminution of the market value of the remainder area, in the case of a partial taking, which arises (a) by reason of the taking (severance) and /or (b) the construction of the improvement in the manner proposed. Considering the foregoing with respect to (1) before condition, (2) analysis of the part taken, and (3) conditions after the taking, severance damages will incur to the remainder as a result of the proposed taking. Specifically, value diminution results from the permanent elimination of the main fast food restaurant building and resultant loss of future rental income. 75B -20 SUMMARY OF THE BASIS FOR JUST COMPENSATION (Continued) Permanent Severance Damages: (Continued) Monetary compensation applicable to severance damages reflects the difference between the value of the remainder as part of the whole, and the value of the remainder after acquisition, before consideration of benefits, as follows: Value of remainder, before taking: $2,375,882 Value of remainder, after taking: -1,617,795 Indicated severance damages: $ 758,087 Project Benefits: Qualitative benefits to the general community in the "after" condition include the upgrading of street improvements as well as increased roadway capacity and improved circulation resulting in enhanced aesthetics and safety conditions for vehicular and pedestrian traffic. Project benefits, relating specifically to the subject parent property, are not monetarily quantifiable. Recapitulation: Based on the foregoing, the total just compensation applicable to the partial acquisition of the subject parent property, as of January 8, 2014, is estimated as follows: Land value: $ 204,750 Improvements: 169,368 Total value of part taken (land, imps.): $ 374,118 Severance damages: Value of remainder, before taking: $2,375,882 Value of remainder, after taking: -1,617,795 Total: $ 758,087 Project benefits (none quantifiable): 00 Net severance damages: 758,087 Total just compensation: $1,132,205 Adjusted: $1,132,000 75B -21 ATTACHMENT /G1U0iC1111n '&LI SUMMARY STATEMENT ACCOMPANYING OFFER RELATING TO ACQUISITION PROCEDURES FOR PURCHASE OF REAL PROPERTY OR AN INTEREST THEREIN You are entitled to receive full payment prior to vacating the real property being purchased unless you have heretofore waived such entitlement. You are not required to pay recording fees, transfer taxes, or the pro rata portion of real property taxes which are allocable to any period subsequent to the passage of title or possession. 1. The holders of liens, deeds of trust or other security interests in your property and /or any leases or tenants of your property may be entitled to all or a portion of the consideration to be paid by the City of Santa Ana ( "City ") for your property in accordance with the particular contract(s) existing between you and the lien holder or lessee /tenant. 2. All buildings, structures, and other improvements affixed to the land described in the reference documents covering this transaction and owned by the grantor herein or, if applicable, owned by you as a tenant are not being conveyed unless other disposition of these improvements has been made. The interest acquired is fee title. 3. The amount determined to be just compensation was determined after consideration of an appraisal of the fair market value of the Parcel. The basis for the amount determined to be just compensation is summarized on the attached Appraisal Summary Statement (Statement of Just Compensation) and the amount of the Purchase Price: a. Is the full amount believed by the City to be just compensation for the property taken; b. Is not less than the approved appraisal of the fair market value of the property as improved; c. Disregards any decrease or increase in the fair market value of the public improvement for which the property is to be acquired for such public improvement, other than that due to physical deterioration within the reasonable control of the owner or occupant; and 75B -22 ATTACHMENT APN: 405 - 252 -20 Page 2 d. Reflects the definition of "fair market value" as defined in Eminent Domain Law (California Code of Civil Procedure Section 1263.320) which is "the highest price on the date of valuation that would be agreed to by a seller being willing to sell but under no particular or urgent necessity for doing so, nor obliged to sell, and a buyer, being ready, willing and able to buy but under no particular necessity for so doing, each dealing with the other will full knowledge of all the uses and purposes for which the property is reasonably adaptable and available." Does not reflect any consideration of or allowance for any relocation assistance and payments or other benefits which the owner is entitled to receive under an agreement with the public entity. 5. If you ultimately elect to reject the offer made by the City of Santa Ana for your property, you are entitled to have the amount of compensation determined by a court of law in accordance with the laws of the State of California. e. 75B -23 75B -24 JX8/1 /20/15 RESOLUTION NO. 2015- A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF SANTA ANA FINDING AND DETERMINING THAT THE PUBLIC INTEREST, CONVENIENCE AND NECESSITY REQUIRE THE ACQUISITION OF A PORTION OF THE REAL PROPERTY LOCATED WITHIN THE CITY OF SANTA ANA LOCATED AT 1501 N. BRISTOL STREET (APN 405 - 252 -20) BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF SANTA ANA AS FOLLOWS: Section 1. The City Council of the City of Santa Ana on January 20, 2015, after written notice duly provided to all those claiming ownership, including the owners of the property described hereafter, as they appeared on the last equalized County assessment roll, held a hearing pursuant to Code of Civil Procedure section 1245.235 for the purpose of allowing the owners thereof a reasonable opportunity to be heard on the following matters; A. Whether the public interest or necessity requires the project; B. Whether the project is planned or located in a manner which is most compatible with the greatest public good and the least private injury; C. Whether the property proposed to be acquired is necessary for the project; D. Whether the offer required by Government Code section 7267.2(a), toaether with the accomoanvina statement and summary of the basis for the amount established as just compensation, was actually made and whether said offer and statement/summary contained all of the factual information required by Government Code section 7267.2(a); E. Whether the City has complied with all conditions and statutory requirements necessary to exercise the power of eminent domain to acquire the property described herein, as well as any other matter regarding the right to take said property by eminent domain; and F. Whether the City has statutory authority to acquire a portion of the property by eminent domain. Section 2. The City Council has, as a result of its consideration and the evidence presented at the hearings on this matter, and in accordance with the California Environmental Quality Act ( "CEQA ") and the State CEQA Guidelines, determined that the proposed project has been adequately evaluated in the previously prepared Environmental Impact Report/En Aronmental Impact Statement EIR No. 89 -01 and all Exhib Tit 3 Resolution No. 20 t 5- Page 1 of 6 75B -25 subsequent addenda. In accordance with National Environmental Policy Act, an Environmental Assessment document with a Finding of No Significant Impact was prepared for the proposed project and approved by the California Department of Transportation and Federal Highway Administration in 2011. On the basis of this review, the City Council finds that there is no evidence from which it can be fairly argued that the Project will have a significant adverse effect on the environment. Section 3. Pursuant to Title XIV, California Code of Regulations ( "CCR ") § 735.5(0)(1), the City Council has determined that, after considering the record as a whole, there is no evidence that the proposed project will have the potential for any adverse effect on wildlife resources or the ecological habitat upon which wildlife resources depend. The proposed project exists in an urban environment characterized by paved concrete, roadways, surrounding buildings and human activity. Therefore, pursuant to Fish and Game Code § 711.2 and Title XIV, OCR § 735.5(a)(3), the payment of Fish and Game Department filing fees is not required in conjunction with this project. Section 4. The City of Santa Ana ( "the City "), as a result of said hearing, has determined that the proposed project is planned or located in a manner that will be the most compatible with the greatest public good and least private injury and that the public interest, necessity, health, safety and welfare require the acquisition by the City of Santa Ana of a portion of the real property located at 1501 N. BRISTOL STREET (APN 405- 252 -20) in the City of Santa Ana, California consisting of approximately 4,550 square feet of property to be acquired in fee title. The Property is situated in the City of Santa Ana, County of Orange, State of California, and more particularly described in Exhibit "A" which is attached hereto and incorporated herein by reference and made a part hereof as though fully set forth herein, for the public purposes hereafter set forth. Section 5. The City hereby finds, determines and declares that the public interest, convenience and necessity require the acquisition by said City of the Property described in Section 4 above, including any and all leaseholds and related improvements for the purposes of the Phase 1116 of the Bristol Street Widening Project ( "the Project'). The location of the Project is between Washington Avenue and Seventeenth Street for the widening of Bristol Street. Included in the project will be street pave -out, and the installation of concrete curbs, gutters, and sidewalks in a manner which will be most compatible to the greatest public good and the least private injury. Section 6. The taking of the interest in said Property as described in Section 4 above is necessary for the public right of way and is authorized by Section 19 of Article I of the California Constitution, Section 200 of the Santa Ana Charter, Santa Ana Municipal Code §41 -781; California Code of Civil Procedure section 1240.010, 1240.110; California Government Code sections 37350.5 and 40404; California Streets and Highways Code sections 5101, 5101,5, 5102, and other applicable law. Resolution No. 2015 - Page 2 of 6 75B -26 JXS /1 /20/15 Section 7. The offer required by Government Code section 7267.2 was made to the appropriate party or parties with respect to the Property on or about October 1, 2013 and an updated offer on August 20, 2014. Section 8. The City hereby declares that it is the intention of the City of Santa Ana to acquire in its name, a portion of the property in accordance with the provisions of the laws of the State of California with reference to condemnation procedures, all interests in and to said Property described in Section 4 above. Section 9. That if any of the Property described in Section 4 above has been appropriated for some public use, the public use to which it is to be applied and taken under this proceeding is a more necessary and paramount public use. Section 10. Said Property described in Section 4 above is located within the City of Santa Ana, County of Orange, State of California, and is more particularly described in Section 4 hereof. Section 11. The City of Santa Ana is authorized to acquire by eminent domain as provided in the California Code of Civil Procedure. Section 12. The City Attorney is hereby authorized and directed to prepare, institute and prosecute in the name of the City such proceedings, in the proper court having jurisdiction thereof, as may be necessary for the acquisition of the interests in said Property described in Section 4 above. The City Attorney is also authorized and directed to obtain a necessary order of immediate possession and occupancy of said Property, at the discretion of the City Attorney. Section 13. This Resolution shall take effect immediately upon its adoption by the City Council, and the Clerk of the Council shall attest to and certify the vote adopting this Resolution. ADOPTED this day of 2015. APPROVED AS TO FORM: Sonia A. Carvalho, City Attorney By J Sandoval ief Assistant City Attorney Miguel A. Pulido Mayor 75B -27 Resolution No, 2015 - Page 3 of 6 AYES: NOES: ABSTAIN: NOT PRESENT: Councilmembers: Councilmembers: Councilmembers: Councilmembers: CERTIFICATE OF ATTESTATION AND ORIGINALITY I, MARIA D. HUIZAR, Clerk of the Council, do hereby attest to and certify the attached Resolution No. 2015- to be the original resolution adopted by the City Council of the City of Santa Ana on Date: Resolution No. 2015 - Page 4 of 6 Clerk of the Council City of Santa Ana 75B -28 _. JXS /1 /20/15 R101432,12 (D) 06.30.14 EXERBIT "A" LEGAL DESCRIPTION RIGHT OF WAY DEDICATION A.P, NO, 405. 252.20 Those portions of Lots 9, 11 and 13 of "A Subdiv[sion of West 3 AC, of South 6 AC, of the NW' /,- NW'G -NWI /a Sec, 12TWP,5S: R10W "intheCityofSantaAna,County of Orange, State of California as shown on the map filed hi Book 3, Page 12 of Records of Survey in the Office of the County Recorder of said Comity, togather with a portion of the Northwest One Quarter of the Northwest One Quarter of Section 12, Township 5 South, Range 10 West, in the land allotted to Jacob Ross in the decree of partition of the Rancho Santiago De Santa Ana, recorded in Book 3 of Judgements of the 171' Judicial District Comt of California, described as a whole as follows: Commencing at the intersection of the centerline of Bdstot Street and the centerline, of Seventeenth Street as shown on said Record of Survey; thence along said conterline of Bristol Street South 00 °00'0" West 660,00 feet to the Northwest corner of the land described as Parcel I in that certain Grant Deed recorded January 21, 1980, in Book 13474, Page 1154, of 01final Records in the office of said County Recorder; there, leaving.safd centerline along the Northerly line or said Parcel t North 89 016110" East 50.00 fact to a line parallel with and 90.00 feet Easterly or said centerline of Bristol Sheet, also being the TRUE POINT OF BEGINNING; thence leaving said Northerly along said parallel line South 00 000'00" West 175.02 feet to the Southerly line of the land described as Parcel 2 in said Grant Deed; thence leaving said parallel line along said Southerly line North 89 016110" Bast 14.00 fact to a line parallel with and 64,00 feet Easterly of said centerlhaa of Bristol Street; thence leaving said Southerly line along said parallel line North 00 °00'00" But 325,02 feet to the Northerly fine of said Lot 9; thence leaving said parallel hue along said Northerly line South 8901611011 "last 1490 cct to first said parallel line; thence leaving said Northerly line along said parallel line South 00 000'00" West 15D,00 feet to the TRUE POINT OF BEGINNING, Containing an area of 0.104 acres (4,550 square feet), more or less. Subject to covenants, conditions, reservations, restrictions, rlghts- offway and easements, if any, of record. All as shown on Exhibit "B" attached hereto and by this reference made a part hereof JANiF,S h. GARV IN, PLS 6343 '91011., I2NIAM,h4WI., NdlwaoNchldm 75B -29 Resolution No, 2015 - Page 5 of 6 sr SANTA ANA PWA P9iLlC Y@�{S AKIKY Resolution No. 2015 - Page 6 of 6 l2 a ° 1 o h 0.704 ACRES l:l -I,+' w �. N'LY LINE � _I _..� q a PARCEL 7 8 PARCEL v Q: °o z IN EC. . valwayo) \ PA CELl2 40' 1 G.go,2oik EXHIBI A.P. NO. 405- 252 -20 SKETCH TO ACCOMPANY LEGAL DESCHIP77ON a: \0 x4 a212\arAProms212�ow- �CX�1014 212dExor.DVic 75B -30 N89'100 "E _ SEVENTEENTH STREET J I uj ao �s1 _ Noe ' m E I fy�1 -N2Y CINE LOT 9 v F. 0 o t /l2 0 sr SANTA ANA PWA P9iLlC Y@�{S AKIKY Resolution No. 2015 - Page 6 of 6 l2 a ° 1 o h 0.704 ACRES l:l -I,+' w �. N'LY LINE � _I _..� q a PARCEL 7 8 PARCEL v Q: °o z IN EC. . valwayo) \ PA CELl2 40' 1 G.go,2oik EXHIBI A.P. NO. 405- 252 -20 SKETCH TO ACCOMPANY LEGAL DESCHIP77ON a: \0 x4 a212\arAProms212�ow- �CX�1014 212dExor.DVic 75B -30