Laserfiche WebLink
RECITALS <br />A.. Galvins were the fee owners of the Real Praperty legally described on <br />"EXHZBZT A" attached hereto ~"Real Property"}. <br />]~. The City has commenced a condemnation actian, Caurt File No. 71wCV-OS-160 <br />~"Lawsuit"}, to acquire the Real Property by condemnation under Minnesota Statutes <br />Chapter 117. <br />C, The Parties desire to settle any and all disputes relating to any damages due by the <br />City to the Galvins relating to the lawsuit and to avoid the time, risks, costs and uncertainty of <br />continued litigation. <br />ST~PUL.AT~~~ <br />New, THERE~`~RE, FAR ~~CD VALUADLE AID SUFE~C~ENT <br />C~N~XDERATZ®1V, THE PA.RT~E~ STIPULATE AN'D AGREE A~ F®LL~wS: <br />~, Compensation. For the City's taking of the Real Property and for any and all <br />claims that Galvins have or may have in connection with the taking and relocation and <br />reestablishment expenses, the City shall pay to the Galvins or deposit with the Court the total <br />sum of Three Hundred Sixty-five Thousand and No1100 Dollars x$365,000.00} less the sum of <br />$266,440.00 already paid by the City to the Galvins for a total additional payment of $95,600.00, <br />rn addition, the City will pay to the Galvins upon proper documentation the additional sum not to <br />exceed $2,900.00 relating to boarding of horses, Zn addition, upon providing receipts the City <br />will pay to the Galvins an additional sum not to exceed $2,100.00 for room and board if the <br />Galvins move to temporary housing during construction by the City fall sums herein are referred <br />to collectively as the "Payment"}. <br />2. Release of Claims. Galvins hereby absolutely and unconditionally release and <br />Deleted: and covenant not to sue <br />forever discharge the City and all of its elected officials,_ appointed_officials, employees, political <br />lzh~~x 2 <br />