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pursuant to Code of Civil Procedure Section 1263.510 in connection with the City's acquisition of the Fee Interest and the construction of the Project. NOW, THEREFORE, in consideration of the above Recitals and mutual promises, covenants and other conditions set forth herein and to minimize the litigation expenses, costs, and attorneys' fees of the Parties in connection with the City's acquisition of the Fee Interest on the Property and the impact of the acquisition and Project on the Business and the leasehold interest of Business, City and Business agree as follows: 1. TOTAL JUST COMPENSATION. The "Total Just Compensation" that the City will pay to Business, payable in cash through this Agreement, as the total consideration for the impact of the City's acquisition of the Fee Interest on the Property and construction of the Project on the leasehold interest of Buyer in the Property and the loss of business goodwill of Business shall be the sum of: FIFTY THOUSAND DOLLARS AND NO CENTS ($50,000.00) Nothing herein shall be construed as a sale by Business to the City of Business or its assets 2. RECORDING. Recordation of any documents delivered through this Agreement is authorized, if necessary or proper. 3. CERTIFICATION OF OWNERSHIP. Business Owner hereby warrants and certifies under penalty of perjury that Business Owner is the owner of the Business operated on 2246 S. Cedar Street, Santa Ana, CA 92707. 4. DISMISSAL OF EMINENT DOMAIN PROCEEDING. Business Owner hereby consents to the full or partial dismissal of any eminent domain proceeding that the City has or may file for the condemnation of any portion of the Fee Interest in the Property and waives any claims for just compensation, costs, attorneys' fees, damages and deposits in said proceeding, or any claim of Business that Business may claim in such proceeding in connection with the acquisition of any portions of the Fee Interest on the Property, the interests of Business in and to any portion of the Fee Interest, leasehold interest of Business, and loss of business goodwill whatsoever that might arise out of the filing of such proceeding, whether or not such claim is specifically identified herein. 5. CLOSING; PURCHASE PRICE ADJUSTMENTS. "Closing" means the closing by the satisfaction of the conditions and payment as required by this Agreement. Subject to the satisfaction of the conditions precedent below, Closing is to occur Ninty (90) days after the Effective Date of this Agreement. The Closing of this transaction will take place when the City issues payment to Business of the Total Just Compensation set forth in Section 1 above. The City will coordinate with Business the transmittal of the payment to Business at least three (3) business days before the Closing. 6. FULL AND COMPLETE SETTLEMENT AND RELEASE. Business hereby acknowledges that the compensation paid to Business through this Agreement constitutes the frill and complete settlement of any and all claims of Business against the City, by reason of