WONG, SHIEN NAN & WENG, HUI JUNG & TAQUERIA TAPATIA 1-2006

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f / ') . . t 'Ill I E. In or about July 2006, the WONGS submitted to the City for site plan review a proposed project for developing five contiguous parcels the WONGS own along Bristol Street, including the four parcels that are the subject of the ACTION (the "WONG DEVELOPMENT PROJECT"). The WONG DEVELOPMENT PROJECT includes construction of a 2,600 square foot restaurant building at 202 South Bristol Street that will replace TAQUERIA TAPATIA's existing Mexican fast food restaurant to be taken in the ACTION. A copy of the site plans for the WONG DEVELOPMENT PROJECT is attached hereto as Exhibit A and made a part hereof by reference. F. On August 2, 2006, the CITY transmitted to the WONGS the City Development Review Committee's and Public Works Agency's site plan review comments concerning the WONG DEVELOPMENT PROJECT, identifying various proposed City requirements and conditions of development. Among other things, the CITY's conditions require dedication ofthe real property sought to be taken in the ACTION and a 25' by 25' comer cut-off at the northwest comer of Bristol Street and Pine Street and the southwest comer of Bristol Street and Walnut Avenue. A copy of the CITY's site plan review comments is attached to this Agreement as Exhibit B and made a part hereof by reference. In addition, the CITY intends to impose a required dedication of about 500 square feet of the WONGS' real property for a planned cui de sac at Pine Street. G. To facilitate ongoing settlement negotiations, on August 16,2006, in the ACTION, the PARTIES entered into a Stipulation and Proposed Order to extend until September 11,2006, the effective date of the Order of Possession. On August 17, 2006, the Court in the ACTION entered an Order on the Stipulation. Hence, the effective date of possession under the Order of Possession is presently September 11,2006. 2