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CASE # t <br />CONFIRM SETTLEMENT TERMS FOR ACQUISTION OF SPARKLE POOL <br />• SERVICES, INC'S PROPERTY LOCATED AT 14105 AZURITE STREET <br />By: William K. Goodrich, City Attorney <br />Background: <br />As you are aware, Council authorized an eminent domain action to acquire the property located at <br />14105 Azurite Street in 2006 for economic development purposes. On June 5, 2007, Council met in <br />closed session to further discuss this acquisition. The consensus of the Council at that time was to <br />approve a negotiated purchase price of $300,000, pending no environmental issues. NTI, Inc. has <br />since reviewed the site and determined there are no "recognized environmental" conditions on the <br />site. Attached are NTI, Inc's Environmental report and a proposed Stipulation of Final Settlement <br />for Council consideration. It should be noted that this proposed settlement is for the land acquisition <br />only and DOES NOT include the relocation expenses which will now be negotiated and considered <br />by the Council at a later date. I <br />Funding Source: <br />T1F District #1 <br />• .Enclosures: <br />Map showing site location <br />NTI, Inc. Environmental Site Review <br />Stipulation of Final Settlement <br />Recommendation: <br />Authorize the attached Stipulation of Final Settlement <br />Council Action: <br />Motion. to authorize the City's legal Counsel to enter into the Stipulation of Final Settlement on <br />behalf of the City which settlement shall be in the form of the document attached to the City <br />Council case and reviewed by the Council on July 10, 2007. <br />Reviewed By: <br />City Attorney <br />Interim City Administrator <br />CC: 07/10/07 <br />MOZ <br />