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!T j10"ATICE NOT rTUVIRFD N-2025-296 V40PK NlAY PROCEED CITY CLERK BATE: JAN 0 5 2026 SETTLEMENT AGREEMENT Jai rl w)YGYq) This Settlement Agreement (herein after "Agreement") is made and entered into by and between Sign Co,LP,a California limited partnership (`Billboard Operator")and the City of Santa Ana,a charter City and municipal corporation (the"City") on this�)&--- �-� ,2025 ("Effective Date"). Billboard Operator and City are also collectively referred to as "the Parties" herein or individually as a"Party." WHEREAS, the City is a city organized under the laws of the State of California, with all powers and duties afforded to a municipal corporation by State law and the City of Santa Ana Charter; and WHEREAS, Billboard Operator is a business owner located at 2401 South Pullman Street, Santa Ana, California 92705 ("Subject Property"); and WHEREAS, on or about September 7, 2023, the City and Billboard Operator entered into a Billboard Operating Agreement with respect to installation and operation of a digital billboard ("Digital Billboard")at the Subject Property("Billboard Operating Agreement")pursuant to Section 41-1113 of the Santa Ana Municipal Code ("SAMC"); and WHEREAS, the Billboard Operating Agreement imposed certain obligations upon Billboard Operator, including, but not limited to, the payment of an annual or yearly operating fee, to be paid the first day of the month of the year after the Commencement Date, as delineated in Section 4(A) of the Billboard Operating Agreement, and thereafter, with amounts specified in Exhibit A (Annual Payment Schedule) of the Billboard Operating Agreement; and WHEREAS, under Section 4 of the Billboard Operating Agreement, the first annual operating fee of thirty thousand dollars ($30,000) was due on January 3, 2025 ("2025 Annual Operating Fee"); and WHEREAS, under Section 6 of the Billboard Operating Agreement, Billboard Operator would be subject to past due penalties and interest for failure to make timely payment(s) when due; and WHEREAS, by January 31, 2025, Billboard Operator was required to pay, but did not pay, the 2025 Annual Operating Fee and, as of December 1, 2025, has incurred seventy thousand eight hundred and twenty-five dollars ($70,825) in penalties and interest, based on Section 6(A) of the Billboard Operating Agreement("Penalty and Interest Amount"); and WHEREAS, Billboard Operator now owes the City the 2025 Annual Operating Fee and the Penalty and Interest Amount,with a total amount of one hundred thousand eight hundred and twenty- five dollars ($100,825) due and owing to the City; and WHEREAS, Billboard Operator was also required to pay, but did not pay, two thousand five hundred dollars ($2,500) for the time and costs that had been incurred by the City in drafting and implementation of the Billboard Operating Agreement ("Reimbursement Amount"), pursuant to Section 16 of that Agreement; and