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Oct 25 10 10:00a <br />IU /zz /LUIU PKA I7:40 rwa ziJzjuvYza rererson Lae croup m <br />including, without limitation, any obligations for relocation assistance, relocation <br />benefits, moving expenses, interest of any kind in the real estate and leasehold, <br />loss of business goodwill, compensation for personal property (loss of invemoty), <br />furniture, fixtures and equipment, interest, attorney's fees, appraisal fees, or <br />damages of any nature. <br />(c) Tenant agrees to vacate the Property by no later than December 31, 2010 (Vacate <br />Date). <br />(d) Tenant hereby agrees that Agency may remove and dispose of any personal <br />property or trash that has not been moved upon the Vacate Date, as it elects and <br />desires, without any notice to Tenant <br />(e) Payment will be made for Relocation Expenses in the amount of $122,347. <br />M Payment will be made for Leasehold Bonus Value and Loss of Business Goodwill <br />in the amount of $157,653. <br />(g) City has delivered to Owner an offer to purchase the Property under threat of <br />eminent domain pursuant to Government Code Section 72672. Tenant and City <br />now wish to enter into this Agreement in lieu of eminent domain proceedings. <br />All payments hereunder and this transaction generally are made under said threat <br />of eminent domain. <br />2. .Release <br />(a) Nothing contained herein shall constitute a release or discharge by either party for <br />any of the undertakings of the other party to this Settlement Agreement This <br />Agreement shall serve as a full release and discharge by the Parties, on behalf of <br />themselves, their agents, representatives, assigns, trustees, administrators, <br />attorneys, heirs, relatives, spouses, ex- spouses, beneficiaries, and successors in <br />interest, in consideration of the nrutual covenants and promises contained herein, <br />of the Tenant, the City of Santa Ana, the City of Santa Ana Public Works Agency, <br />and those parties' accountants, other professionals, agents, representatives, <br />assigns, employees, administrators, trustees, insurers, attorneys, heirs, <br />beneficiaries, and successors in interest (collectively the "Released Parties "), from <br />all rights, claims or cross - claims, demands, actions, or causes of action, including <br />those for damages, compensation, relocation assistance, relocation benefits, loss <br />of goodwill, property interest, compensation for personal property (loss of <br />inventory), furniture, fixtures and equipment, punitive damages, interest, costs, <br />attoney's and appraisal fees, injunctive or declaratory relief, or for relief by way <br />of writ of mandate, or for demands, damages, refunds, debts, liabilities, <br />reckonings, accounts, obligations, costs, expenses, liens, actions, causes, and <br />causes of action of whatever kind, at law or in equity, that the Parties have now or <br />may have against any of the Released Parties arising from the facts and <br />circumstances described in this Agreement including but not limited to (1) the <br />acquisition of the Property by the Agency, (2) Tenant's leasehold interest, if any, <br />2of7 <br />25K -26 <br />p.3 <br />1¢JUV.11 U1Z <br />