HomeMy WebLinkAboutRDA RDA SETTLEMENT 01-05-87DATE:
December 30, 1986
REDEVELOPMENT AGENCY
No
1-5 -87
Inter-Corn
TO:
FROM:
S UBd ECT:
WILLIAM HUSTON, EXECUTIVE DIRECTOR
TUSTIN COMMUNITY REDEVELOPMENT AGENCY
CITY ATTORNEY
SETTLEMENT OF TUSTIN COMMUNITY REDEVELOPMENT AGENCY
VS. MICHAEL KWOK, DBA ~OSTIN FLOWER CASA AND EARL
AND DOREEN JACOBS DBA VIDEO CENTER
RECOMMENDATION:
That the Agency, by Minute Order, approve, authorize and direct
settlement of the claim of Michael Kwok d/b/a Tustin Flower Casa
for the total sum of $20,000.00; and the claim of marl and Doreen
Jacobs d/b/a Video Center for $70,000.00.
The Agency 'approved the acquisition of the various interests in
the property at Newport and Irvine previously known as Newforth
Center. Negotiations were entered into with each of the
operators of businesses in the Center and an agreement was
reached with certain of them. The remaining operators were not
amenable to settlement, and the Agency authorized institution of
eminent domain proceedings against the remaining operators. Said
proceedings were instituted, and in the course of those
proceedings, Settlement Conferences were held and settlement
agreements were reached with Defendants Kwok and Jacobs, subject
to approval of the Agency, as follows:
Kw0k
Jacobs
$20,000.00
$70,000.00
These proposed settlements represent compromises between the
positions of the Defendants and the Agency, but are believed to
be very favorable to the Agency. Possibly, the Jacobs' claim
could have been litigated to ac somewhat lower figure, more
favorable to the Agency, but the ost of litigation and its usual
uncertainty make this settlemen ~_Z
~FA[4ES G. ROURKE
City Attorney
JGR :pj :D: 12/30/86 (A2)