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TERMS OF SETTLEMENT AGREEMENT <br />L The terms and conditions of the Settlement are provided herein and attached <br />hereto as Exhibits "A" and incorporated herein by reference. <br />2. Penalties Reasonable Attorney's Fees. Abatement Costs. In consideration for the <br />final settlement of this matter. and in accordance with the terms of this Agreement. Settling <br />Property Owners stipulate and agree to pay the City a total of Five Thousand U.S. Dollars <br />($5.000.00) in penalties. abatement costs, and reasonable attorney's fees incurred to bring the <br />property into compliance ("Settlement Payment*'). The S5,000.00 Settlement Payment shall <br />made payable to the City within thirty, (30) dans of the execution of this Settlement Agreement. <br />The Settlement Payment shall be made to "City of Santa Ana' as follows: City of Santa Ana. <br />Santa Ana City Attorneys Office. 20 Civic Center Plaza. M29. P.O. Box 1988. Santa Ana. <br />California 92702. Settling Property Owners further agree that an additional S5,000.00 will be <br />held in abeyance for one (1) year from the date of the execution of this Agreement and will not <br />be imposed if: Settling Property Owners comply with the terms and conditions of this <br />Settlement. Prior to the imposition of the S5,000.00 penalty held in abeyance, or prior to tiling <br />an action for Breach of this Settlement Agreement, the City will meet and confer with counsel <br />for Settling Property Owners. to provide Settling Property Owners the opportunity to explain or <br />mitigate the circumstances necessitating the imposition of the additional 55,000.00 penalty. At <br />the end of the one year term. (from the date of the execution of this Settlement Agreement), if <br />Settling Property Owners have complied with the terms of this Settlement Agreement and the <br />City has not filed an action against Settling Property Owners, or any of them. for Nuisance under <br />the Red Light Abatement Act or any other Nuisance Statutes or Ordinances for Breach of this <br />Settlement Agreement, then the Settling Property Owners will not be responsible to pay the <br />additional 55,000.00 penalty and it will be considered waived. If the City files an action for <br />Nuisance under the Red Light Abatement Act. Nuisance Statutes and Ordinances and/or Breach <br />of this Settlement Agreement, Settling Property Owners hereby, agree and stipulate that the <br />minimum due and payable to the City in that action will be $5,000.00. <br />3. Release. Except for the obligations and covenants provided herein. the Settling <br />Property Owners, on behalf of themselves and their past, present, and future predecessors. <br />successors, affiliates, heirs, assigns, officers. officials, directors, shareholders, members, <br />managers. agents, employees, servants. trustees, fiduciaries. parent and subsidiary organizations. <br />partners, attorneys, insurers, representatives. accountants, and all persons acting by. through, <br />under, or in concert with them, or any of them, and each of them (collectively referred to herein <br />as the "Releasing Parties'). hereby release. relinquish, acquit. remise, and discharge City. and its <br />past. present, and future predecessors, successors. affiliates, heirs. assigns, officers, officials. <br />directors. managers, agents. employees, servants, trustees, fiduciaries, subsidiary organizations. <br />partners• attorneys, insurers, representatives. accountants. and all persons acting by, through, <br />under, or in concert with them, or any of them. and each of them (collectively referred to herein <br />as the "Released Parties"), from any and all past. or present rights, claims, demands, obligations, <br />losses, debts, liabilities, offsets. promises. acts. omissions. agreements, costs and expenses, <br />damages, injuries, suits. allegations, appeals. actions and causes of action for damages, equitable <br />relief. and compensation of every kind and nature whatsoever. whether known or unknown, <br />suspected or unsuspected, contingent or fixed, whether past or present whether based in contract. <br />ton, statute. or other legal or equitable theory of recovery. which, as of the date of this <br />Page 2 of 9 <br />