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<br />FXS : rg 08/0<:)/9 S ( C' (\ 9 / 7 3 ) <br /> <br />SETTLEMENT AGREEMENT BETWEEN <br />THE CITY OF REDWOOD CITY AND <br />ROY M. HAlE ÞND R & H ENTEPPRISES <br /> <br />This agreerr.er:t between Roy M. <br /> <br />Hale and II & II EDterprises <br /> <br />("Releasor" ) <br /> <br />and <br /> <br />the <br /> <br />City <br /> <br />of <br /> <br />Redwood <br /> <br />City, <br /> <br />a <br /> <br />municipal <br /> <br />corporation of the State of California ("City") resolves any and <br /> <br />all issues regarding the acquisition of the real property known <br /> <br />as 1001 <br /> <br />(aka 1007) <br /> <br />Jefferson Avenue, <br /> <br />Redwood City, <br /> <br />California, <br /> <br />(APN# <br /> <br />053-171-070) <br /> <br />by <br /> <br />City <br /> <br />by <br /> <br />eminent <br /> <br />domain. <br /> <br />The <br /> <br />legal <br /> <br />description of the real property which is the subject of City's <br /> <br />action for eminent domain is attached hereto, marked Exhibit "A", <br /> <br />and incorporated by this reference. <br /> <br />(the "Subject Property"). <br /> <br />lvHEREAS, <br /> <br />Releasor <br /> <br />and <br /> <br />City <br /> <br />desire <br /> <br />to <br /> <br />settle <br /> <br />fully <br /> <br />and <br /> <br />finall'7 all issues. <br /> <br />NOW; THEREFORE, <br /> <br />1. <br /> <br />'l'hi s <br /> <br />Agreement <br /> <br />shall <br /> <br />not <br /> <br />in <br /> <br />any <br /> <br />way <br /> <br />be <br /> <br />ccDstrned, <br /> <br />interpreted or used as an admission by either party that it has <br /> <br />i1c:.ted wrongfully with respect to the other party or any other <br /> <br />person, <br /> <br />or that either party has any rights whatsoever against <br /> <br />the <br /> <br />other <br /> <br />part:( f <br /> <br />é1nèl <br /> <br />P.élch <br /> <br />party <br /> <br />specifically <br /> <br />disclaims <br /> <br />any <br /> <br />liability to or wrongful act againct the other party or any other <br /> <br />person, <br /> <br />on <br /> <br />the <br /> <br />part <br /> <br />of <br /> <br />himself/ i 1:se].f. <br /> <br />itf", <br /> <br />C"OIPlT'.i s s ioners , <br /> <br />directors, employees, officers, representatives or agents. <br /> <br />2. <br /> <br />It is further agreeà and understood that this AgreeBcnt <br /> <br />is being entered into solely for the purpose of avoiding further <br /> <br />expense <br /> <br />é'nè <br /> <br />jnconvenience <br /> <br />from <br /> <br />defending <br /> <br />against <br /> <br />any <br /> <br />and <br /> <br />all <br /> <br />claims, <br /> <br />rights, <br /> <br />demands, <br /> <br />actions, <br /> <br />obligations, <br /> <br />liabilities <br /> <br />and N ~ <br /> <br />~~iJ <br /> <br />~ <br />