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HomeMy WebLinkAboutContracts & Agreements_186-2005SETTLEMENT AGREEMENT (Fee Acquisition, Portions of Parcel Nos 169-021-01 and 169-021-10) This Settlement Agreement ("Agreement") is entered by and between the CITY OF REDLANDS ("CITY") and the Property Owner, TELEDYNE TECHNOLOGIES INCORPORAI"ED, a Delaware Corporation (" IELEDYNE") City and Teledyne are sometimes collectively referred to as the "Parties" This Agreement is made with respect to the following Recitals RECITALS A CITY is a California municipal corporation of the State of California City is vested by law with authority to exercise, in its own name, the power of eminent domain for the purpose of acquinng real property or any interest in real property necessary to carry out any of its powers or functions B 1"ELEDYNE is the owner of property designated as Assessor Parcel Numbers 169-021-01 and 169-021-10, portions of which are being acquired by City ("Property") C On July 28, 2005, City filed an action in eminent domain entitled City of Redlands v Teledyne Technologies, Inc , a Delaware Corporation, et al , San Bernardino Supenor Court Case No SCVSS 128681 to acquire the Property from Teledyne ("Action") D The Parties desire to settle the Action and all issues, claims and disputes arising out of or related to the Action AGREEMENT AND RELEASE Based on the above Recitals, which are incorporated herein, the Parties agree as follows 1 Transfer of the Property to City 13y a Stipulated Judgment and Final Order of Condemnation, Teledyne shall convey to City the Property for payment of $390,000 inclusive of interest, costs and fees 2 Entry of Stipulated Judgment Simultaneously with the execution of this Agreement, City and Teledyne will enter into a "Stipulation for Judgment" in the form attached hereto as Exhibit "A" ("Stipulation") Under the terms of the Stipulation, the Parties have agreed to enter a Stipulated Judgment ("Judgment"), attached hereto as Exhibit "B" (The terms of which are by this reference incorporated into and made a part of this Agreement as though fully set forth herein) The purpose of the Agreement is to purchase the Property, resolve all issues between the Parties and transfer funds for the purchase price SDLP \fl'JM1320091 1 -1- 3 Cash Payment In order to conclude this matter without further litigation, the Parties agree to the following a. City shall pay to Teledyne $390,000 b. The amount of $390,000 is to be paid as follows c/o Robyn E McGowan Teledyne Technologies Incorporated, a Delaware Corporation 12333 West OIympic Boulevard Los Angeles, CA 90064 c Teledyne shall stipulate to judgment and execute an acknowledgment of satisfaction of ,judgment in order to transfer title to City by final order of condemnation d Any funds and interest remaining on deposit with the court shall be subject to withdrawal and return to City 4 Taxes Teledyne shall be responsible for the payment of property taxes owing on the Property acquired, if any, up to the date of judgment 5 Liens and Encumbrance. The Property shall transfer to City free and clear of all hens and encumbrances All liens or encumbrances shall be removed from the Property and liability, if any, for such lien or encumbrance not removed shall be the personal obligation of Teledyne, who shall indemnify and hold City harmless from any such hen or encumbrance 6 Final Order of Condemnation. Upon filing of the acknowledgement of satisfaction of judgment, City shall file and record a final order of condemnation, transferring title to City 7 Release and Waiver The Parties agree that this settlement is complete as it relates to all damages, losses, costs, claims and consequences of this Action (collectively "Claims") The Parties expressly waive and relmquish any rights or benefits available under the provisions of Section 1542 of the Civil Code of California, with respect to such Claims Specifically, the Parties expressly waive and relinquish any rights or benefits available with respect to such Claims under the following language A general release does not extend to claims which the creditor does not know or suspect to exist in his favor at the time of executing the release, which if known by him must have materially affected his settlement with debtor 8 Costs and Fees The Parties, and each of them, agree and represent that they shall bear their own costs, fees, expert witness fees and attorneys' fees incurred in connection with the Action, except as otherwise part of and included in this Agreement SDLI UNM1320091 1 -2- 9 Notice Notice to any party pursuant to this Agreement shall be m wrrtmg and either personally dehvered , sent by United States mail and/or facsimile, addressed to the party to be notified at the address specified herein Any such notice shall be deemed received on the date of personal delivery or facsimile to the party (or such party's authorized representative) or three (3) business days after deposit in the U S Mail, as the case may be CITY's Address for Notice Bruce W Beach Best Best & Krieger LLP 665 West Broadway, 15th Floor San Diego, CA 92101 (619) 525-1300 Telephone (619) 233-6118 Facsimile Daniel J McHugh City Attorney City of Redlands 35 Cajon Street, Suite 4 P O Box 3005 Redlands, CA 92373 (909) 798-7562 Telephone (909) 798-7503 Facsimile TELEDYNE's Address for Notice: Robert L Schaefer Associate General Counsel General Counsel Electronics and Communications Teledyne Technologies Incorporated 12333 West Olympic Blvd. Los Angeles, CA 90064 (310) 893-1609 Telephone (310) 893-1607 Facsimile Robyne E McGowen Vice President, Administration, Human Resources and Assistant Secretary Teledyne Technologies Incorporated 12333 West Olympic Blvd Los Angeles, CA 90064 (310) 8934609 -Telephone 1640 t; , , j� (310) 893-1-697 Facsimile J 3 �LM _ Any party may change its address for notice by debvenng written notice to the other parties as provided herem. 10 Construction and Interpretation of the Agreement The Parties, and each of them, declare that prior to the execution of this Agreement, they have consulted with their attorney in SDL1T JNM320091 1 -3- order that they may intelligently exercise their own judgment in deciding whether to execute, and in deciding on the contents of, this Agreement This Agreement shall be construed as though mutually drafted and not against one or the other party because that party drafted the Agreement I1. Representations and Warranties Each party declares that it has read this Agreement and understands and knows the contents thereof, and represents and warrants that each of the Parties executing this Agreement is empowered to do so and hereby bunds the respective party 12 Multiple counterparts This Agreement may be executed in counter -parts, and all so executed shall constitute an agreement binding on the Parties hereto 13 Survivability All covenants, agreements, representations, and warranties set forth in this Agreement, or in any certificate, instrument, or other document delivered pursuant to any provision hereof, shall survive the execution and delivery of this Agreement, unless vacated or terminated m accordance with the terms thereof 14 Underscored references All underscored references are included for convenience of reference only, and are not to be relied upon in construing the terms of this Agreement 15 Governing law This Agreement is intended to be construed pursuant to the laws of the State of California 16 Entire Agreement This Agreement contains the entire agreement between the Parties, and the terms of this Agreement are contractual and not merely a recital This Agreement fully resolves all issues between the Parties related to the Action and the claims related thereto I7 Attorney Fees In any action to enforce or interpret the Agreement, the prevailing party shall be entitled to recover reasonable attorneys' fees and costs THEREFORE, the undersigned, having read the foregoing Settlement Agreement and Release, and fully understanding it and agreemg to the terms, the Parties have executed this Agreement and make it effective on the date of the last signature hereto CITY OF REDLANDS Dated Nov. 9, 2005 By SDLITUNM1320091 1 s n Peppier Its - Yor -4- ATTEST. Lorrie Poyz City Clerk Dated. io/ siO r APPROVED AS TO FORM Dated 001-6W1 ) t) 7-1365 Dated.aGL 4.2 r?oo5 sDLrrNM132o091.I TELEDYNE TECHNOLOGIES INCORPORATED By. /24 F m �� Its: V19' A4/47;4/1 BEST BEST & KRIEGER LLP By 13Ciokka IL, 542.A.( J� Bruce W. Beach, Esq Attorneys for Plaintiff City of Redlands TELEDYNE TECHNOLOG By. ORATED -5- Robe L. Scliaefe Associate General Co . sel Attorney for Defend: .t Teledyne Technologies Incorporated, a Delaware Corporation 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 DANIEL 7 McHUGH, Bar No 112197 City Attorney CITY OF REDLANDS 35 Cajon Street, Suite 4 Post Office Box 3005 Redlands, CA 92373 Telephone (909) 798 7562 Facsimile (909) 798-7503 BRUCE W BEACH, Bar No 59122 BEST BEST & KRIEGER LLP 655 West Broadway, 15th Floor San Diego, California 92101-3301 Telephone (619) 525-1300 Facsimile (619) 233-6118 Attorneys for Plaintiff CITY OF REDLANDS EXEMPT FROM FILING FEES PURSUANT TO GOVERNMENT CODE SECTION 6103 SUPERIOR COURT OF THE STATE OF CALIFORNIA COUNTY OF SAN BERNARDINO — CENTRAL COURT CITY OF REDLANDS, Plaintiff, v TELEDYNE TECHNOLOGIES, INC , a Delaware Corporation, DOES 1-100, inclusive, and all persons unknown claiming an interest in the property, Defendants Case No SCVSS 128681 Judge Dept Hon Mary E Fuller S09 STIPULATION FOR JUDGMENT (Portions of Parcel Nos 169-021-01 and 169-021-10) Complaint Filed 07/28/05 Trial Date None Set Plaintiff CITY OF REDLANDS, by and through its attorneys, Best, Best & Krieger LLP, by Bruce W Beach, and Defendant TELEDYNE TECHNOLOGIES INCORPORATED, a Delaware Corporation (erroneously named as "TELEDYNE TECHNOLOGIES, INC "), by and through its attorney of record, Robert L Schaefer, hereby stipulate that judgment in the form SI)UTE W131320106 1 -1- STIPULATION FOR JUDGMENT �XHIBIT�_ 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 attached hereto as Exhibit A to this stipulation may be entered m the above -entitled action, and that Defendant waives trial, the right to trial, hearing on the issue of compensation, the making of service and filmg of findings of fact and conclusions of law, and the right to move for a new trial or appeal SO STIPULATED October s7A , 2005 October 2Y, 2005 SDLr11AS11320106.1 BEST BEST & KRIEGER LLP By $0.1.a W, ..15,.g.0 -0,A Bruce W. Beach Attorneys for Plaintiff By • rt L Schaefer Associate General Counse Attorney for Defendant TELEDYNE TECHNOLOGIES INCORPORATED -2- 17342.00068 STIPULATION FOR JUDGMENT 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 SDLPIIB WB\320108 1 -3_ EXHIBIT A STIPULATED JUDGMENT 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 EXEMPT FROM FILING FEES PURSUANT TO GOVERNMENT CODE SECTION 6103 SUPERIOR COURT OF THE STATE OF CALIFORNIA COUNTY OF SAN BERNARDINO -- CENTRAL COURT CITY OF REDLANDS, Plaintiff, v TELEDYNE TECHNOLOGIES, INC , a Delaware Corporation, DOES 1-100, inclusive, and all persons unknown claiming an interest in the Property, Defendants. Case No SCVSS 128681 Judge Dept. S09 Hon. Mary E. Fuller STIPULATED JUDGMENT (Portions of Parcel Nos 169-021-01 and 169-021-10 ) Complaint Filed • 07/28/05 Trial Date None Set This matter has been assigned to the Honorable Mary E Fuller, Judge of the Superior Court Plaintiff City of Redlands ("City") is represented by Best Best & Krieger, LLP, by Bruce W Beach and Defendant Teledyne Technologies Incorporated, a Delaware Corporation (erroneously named as "Teledyne Technologies, Inc ") is represented by Associate General Counsel, Robert L Schaefer IT APPEARING TO THE COURT THAT the parties have stipulated that judgment as hereinafter set forth may be entered, and, IT FURTHER APPEARING TO THE COURT THAT there is proper cause therefor, IT IS HEREBY ORDERED, ADJUDGED AND DECREED THAT. SDLriiBWB\320108 1 -1- STIPULATED JUDGMENT 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 1 City seeks to take, acquire and condemn the rights, title and interests of portions of the real property designated as Assessor's Parcel Nos 169-021-01 and 169-021-10, referred to m City's Complaint and described m Exhibit A to this judgment ("Property") 2 The condemnation and taking is for the New York Street Extension and Improvement Project, a public project, as set forth in the Complaint and is necessary to such public use 3. City and Teledyne have agreed to resolve all issues for the acquisition of the Property by City City shall pay to Teledyne, the total sum of $390,000, inclusive of interest, costs and fees as final resolution of this matter. 4 The sum of $390,000 constitutes the full and final payment for the condemnation and taking of the portion of the Property described in the City's Complaint and extinguishes all of Teledyne's claims for damages, value of improvements, mterest, costs, attorney's fees and any other claim which could have been made in this action. 5 City may Withdraw all funds, including interest, on deposit with the court for return to the City 6 Teledyne shall be responsible for the payment of property taxes owing on the portion of the Property acquired, if any, as of the date of this judgment. 7 Upon full payment of $390,000, Teledyne shall execute an acknowledgement of satisfaction of judgment and any other document necessary to conclude this matter and for the filing of a final order of condemnation. 8 Tlus Court shall retain jurisdiction to enforce the stipulation between the parties and the judgment, and shall award reasonable attorneys fees and costs to the prevailing party izn any action to enforce the rights of either party IT IS SO ORDERED Dated. Case No SCVSS 128681 179942.00068 SDLrr1BWB1320108 1 Mary E Fuller Judge, Supenor Court -2- STIPULATED JUDGMENT 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 SDLIT\BWB1320108 1 _3_ EXHIBIT A STIPULATED JUDGMENT A FEE INTEREST IN THE FOLLOWING DESCRIBED PROPERTY (Exhibit "A") Portions of SDLiT\ALL\3 € 5259 1 APN 169-021-01 and 169-021-10 EXHIBIT "A" DESCRIPTION OF PROPERTY Real property located in the City of Redlands, County of San Bernardino, State of California, described as follows THAT PORTION OF THE NORTH 1/2 OF LOT 4, SMITH TRACT, IN THE CITY OF REDLANDS, COUNTY OF SAN BERNARDINO, STATE OF CALIFORNIA, AS PER MAP RECORDED IN BOOK 8 OF MAPS, PAGE 86, RECORDS OF SAID COUNTY, DESCRIBED AS FOLLOWS BEGINNING AT THE NORTHWEST CORNER OF SAID LOT 4, SAID POINT LYING ON THE SOUTH RIGHT-OF-WAY LINE OF LUGONIA AVENUE, 66 FEET WIDE, AS SHOWN ON RECORD OF SURVEY RECORDED IN BOOK 60 OF RECORDS OF SURVEY, PAGE 18, RECORDS OF SAID COUNTY, THENCE SOUTH 00°00'56" WEST 630 66 FEET, MORE OR LESS, ALONG THE WEST LINE OF SAID LOT 4 TO THE SOUTH LINE OF THE NORTH 1/2 OF SAID LOT 4, THENCE SOUTH 89°50'39" EAST 50 00 FEET ALONG SAID SOUTH LINE, THENCE NORTH 00°00'56" EAST 598 23 FEET, THENCE SOUTH 89°59'04" EAST 9 00' TO THE BEGINNING OF A NON -TANGENT CURVE CONCAVE SOUTHEASTERLY HAVING A RADIUS OF 13 00 FEET, A RADIAL LINE TO SAID BEGINNING HAVING A BEARING OF NORTH 89°59'04" WEST, THENCE NORTHEASTERLY 20 52 FEET ALONG SAID CURVE THROUGH A CENTRAL ANGLE OF 90°26'36" TO A POINT WHICH LIES 52 00 FEET SOUTHERLY OF THE CENTER LINE OF SAID LUGONIA AVENUE, MEASURED AT RIGHT ANGLES TO SAID CENTER LINE, THENCE PARALLEL WITH SAID CENTER LINE SOUTH 89°32 28' EAST 20 00 FEET, THENCE NORTH 00°27'32" EAST 12 00 FEET TO A POINT WHICH LIES 40 00 FEET SOUTHERLY OF SAID CENTER LINE, MEASURED AT RIGHT ANGLES TO SAID CENTER LINE, THENCE PARALLEL WITH SAID CENTER LINE NORTH 89°32'28" WEST 90 00 FEET THENCE NORTH 00°27'32" EAST 7 00 FEET TO A POINT ON THE SOUTH RIGHT- OF-WAY LINE OF SAID LUGONIA AVENUE, THENCE ALONG SAID SOUTH RIGHT-OF-WAY LINE NORTH 89°32'28" WEST 182 25 FEET, MORE OR LESS, TO THE POINT OF BEGINNING AREA 33,113 SQ FT PREPARED BY M RK S WHITMER, L S NO 5535 1,1APK 5 Wh No 5535 Expires'3.30.04 T1S R3W S.B.M U N Ll (0 o a 0 0 ° O 0 POB NW COR OF LOT 4, SMITH TRACT, M B 8/86 LUGONEA N89°32'28"W 182 25' N89°32'28"W I '3 L2 --� LT iE N89°59'04"W �R) A=90°26'36" A R=13 00' T=13 10 L=20 52 27?` 2 MATCH LINE 96380E02 DWG N 00 cri to 0 0 ° 0 Z —AVENUE EXIST R W L4 r0 co coO ro S00°40'56"W I0 J L1 S89°59 04 E 9 00' L4 589°32'28"E 90 00' L2 589°32 28"E 20 00' L5 N00°27'32"E 7 00' L3 N00°27 32 E 12 00' THIS EXHIBIT PLAT IS FOR INFORMATIONAL PURPOSES ONLY, SHOWING THE PROPERTY DESCRIBED IN THE LEGAL DESCRIPTION ATTACHED HERETO AS EXHIBIT "A" THE LEGAL DESCRIPTION IS THE CONTROLLING DOCUMENT AND SHALL TAKE PRECEDENCE OVER ANY DISCREPANCIES BETWEEN THE LEGAL DESCRIPTION AND THE EXHIBIT PLAT MATCH UNE 0 N00°00 56 E 50 00' PORTION OF THE NORTH 1/2 LOT 4 SMITH TRACT M B 8/86 t SCALE 1"= 50' APN 0169-021--01 TELEDYNE TECHNOLOGIES INC 2049 CENTURY PARK EAST 15TH FL LOS ANGELES, CA 90067 SO UNE N 1/2 LOT 4, SMITH TRACT (0 CO E- 0 0 Q EAST LINE N 1/2 LOT 4 S S89°50'39"E DESCRIPTION OF PROPERTY Real property located in the City of Redlands, County of San Bernardino, State of California, described as follows THAT PORTION OF THE SOUTH 1/2 OF LOT 4, SMITH TRACT, IN THE CITY OF REDLANDS, COUNTY OF SAN BERNARDINO, STATE OF CALIFORNIA, AS PER MAP RECORDED IN BOOK 8 OF MAPS, PAGE 86, RECORDS OF SAID COUNTY, DESCRIBED AS FOLLOWS COMMENCING AT THE NORTHWEST CORNER OF SAID LOT 4 SAID POINT LYING ON THE SOUTH RIGHT-OF-WAY LINE OF LUGONIA AVENUE, 66 FEET WIDE, AS SHOWN ON RECORD OF SURVEY RECORDED IN BOOK 60 OF RECORDS OF SURVEY, PAGE 18, RECORDS OF SAID COUNTY, THENCE SOUTH 00°00'56" WEST 630 66 FEET, MORE OR LESS, ALONG THE WEST LINE OF SAID LOT 4 TO THE NORTHWEST CORNER OF THE SOUTH 1/2 OF SAID LOT 4, SAID POINT BEING THE POINT OF BEGINNING; THENCE CONTINUING SOUTH 00°00'56" WEST 631 35 FEET, MORE OR LESS ALONG SAID WEST LINE OF LOT 4 TO THE NORTH RIGHT -OF WAY LINE OF BROCKTON AVENUE, 66 FEET WIDE, AS SHOWN ON SAID RECORD OF SURVEY, THENCE NORTH 89°41'37" EAST 44 07 FEET ALONG SAID RIGHT- OF -WAY LINE TO THE CUSP OF A CURVE CONCAVE NORTHEASTERLY HAVING A RADIUS OF 13 00 FEET A RADIAL TO WHICH BEARS SOUTH 00°18 23" EAST, THENCE NORTHWESTERLY 20 49 FEET ALONG SAID CURVE THROUGH A CENTRAL ANGLE OF 90°19'19" TO A POINT WHICH LIES 31 00 FEET EASTERLY OF SAID WEST LINE OF LOT 4 MEASURED AT RIGHT ANGLES TO SAID WEST LINE, THENCE NORTH 00°00'56" EAST 133 81 FEET, PARALLEL WITH SAID WEST LINE, TO THE BEGINNING OF A CURVE CONCAVE EASTERLY HAVING A RADIUS OF 477 00 FEET, THENCE NORTHEASTERLY 93 13 FEET ALONG SAID CURVE THROUGH A CENTRAL ANGLE OF 11°11'12" TO THE BEGINNING OF A REVERSE CURVE CONCAVE WESTERLY HAVING A RADIUS OF 523 00 FEET, A RADIAL LINE TO SAID BEGINNING HAVING A BEARING OF SOUTH 78°47'52" EAST, THENCE NORTHERLY 102 11 FEET ALONG SAID CURVE THROUGH A CENTRAL ANGLE OF 11°11'12", TOA POINT WHICH LIES 50 00 FEET EASTERLY OF SAID WEST LINE OF LOT 4, MEASURED AT RIGHT ANGLES TO SAID WEST LINE, THENCE PARALLEL TO SAID WEST LINE, NORTH 00°00'56" EAST 290 16 FEET, MORE OR LESS, TO THE NORTH LINE OF THE SOUTH 1/2 OF SAID LOT 4, THENCE NORTH 89°50'39" WEST 50 00 FEET ALONG SAID NORTH LINE TO THE POINT OF BEGINNING AREA 26,990 SQ FT PREPARED BY MARK S WHITMER L S NO 5535 • / NW COR LOT 4 SMITH TRACT NW COR SOUTH 1/2 LOT 4 96380E01 N00°00 56 23 10 ID 0 0 cn A SOUTH RIGHT-OF-WAY LINE LUGONIA AVENUE S00°00 56 W 630 66' N89°50'39"W 50.00 - MATCH UNE 0 0 N N00°00 56"E NORTH LINE S 1/2 LOT 4 SMITH TRACT rt: MARK 5. WHITMER L S No 5535 Expires 9-30-06 OF 0113-‘T PORTION OF THE SOUTH 1/2 LOT 4, SMITH TRACT M B 8/86 THIS EXHIBIT PLAT IS FOR INFORMATIONAL PURPOSES ONLY SHOWING THE PROPERTY DESCRIBED IN THE LEGAL DESCRIPTION ATTACHED HERETO AS EXHIBIT THE LEGAL DESCRIPTION IS THE CONTROLLING DOCUMENT AND SHALL TAKE PRECEDENCE OVER ANY DISCREPANCIES BETWEEN THE LEGAL DESCRIPTION AND THE EXHIBIT PLAT O 0 = 90°19 19 R=1300' `v L = 2049 °0 T = 1307 0 0 - 44 07' -� N89°41'37"E EXIST R/W t SCALE 1"= 50' APN 0169-021-10 TELEDYNE TECHNOLOGIES INC 2049 CENTURY PARK EAST 15TH FL LOS ANGELES CA 90067 EAST UNE S 1/2 LOT 4, SMITH TRACT M B. 8/86 M UROCKWON AVENUE N89°41 37 E V) NEIGHBORHOOD MAP BALDwT Asir t ELISE J 1- co 7C 0, 1 M' r- 11.1 CO Qj £L" ., 1---,1—,...1I—I —E i— S — LIM ...� 1.^~0.„,.. -.era ` 1-- „Davis Part,.! ` �' "'''',„. ,,1!. ,.EQ S ii-vo 2 = _i - �' f' Utr iT-Rl AvE 0 '” `�.�.� E VI NET 16 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 EXEMPT FROM FILING FEES PURSUANT TO GOVERNMENT CODE SECTION 6103 SUPERIOR COURT OF THE STATE OF CALIFORNIA COUNTY OF SAN BERNARDINO — CENTRAL COURT CITY OF REDLANDS, Plaintiff, TELEDYNE TECHNOLOGIES, INC , a Delaware Corporation, DOES 1-100, inclusive, and all persons unknown claimmg an interest in the property, Defendants Case No SCVSS 128681 Judge Dept Hon Mary E Fuller S09 STIPULATED JUDGMENT (Portions of Parcel Nos 169-021-01 and 169-021-10 ) Complaint Filed 07/28/05 Trial Date None Set This matter has been assigned to the Honorable Mary E Fuller, Judge of the Superior Court Plaintiff City of Redlands ("City") is represented by Best Best & Krieger, LLP, by Bruce W Beach and Defendant Teledyne Technologies Incorporated, a Delaware Corporation (erroneously named as "Teledyne Technologies, Inc ") is represented by Associate General Counsel, Robert L Schaefer IT APPEARING TO THE COURT THAT the parties have stipulated that judgment as hereinafter set forth may be entered, and, IT FURTHER APPEARING TO THE COURT THAT there is proper cause therefor, IT IS HEREBY ORDERED, ADJUDGED AND DECREED THAT SDL1T\BWB1320108 1 -1- STIPULATED JUDGMENT EXHIBIT �3 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 1 City seeks to take, acquire and condemn the rights, title and interests of portions of the real property designated as Assessor's Parcel Nos 169-021-01 and 169-021-10, referred to in City's Complaint and described in Exhibit A to this judgment ("Property") 2 The condemnation and taking is for the New York Street Extension and Improvement Project, a public project, as set forth in the Complaint and is necessary to such public use 3 City and Teledyne have agreed to resolve all issues for the acquisition of the Property by City City shall pay to Teledyne, the total sum of $390,000, inclusive of interest, costs and fees as final resolution of this matter 4 The sum of $390,000 constitutes the full and final payment for the condemnation and taking of the portion of the Property descnbed m the City's Complaint and extinguishes all of Teledyne's claims for damages, value of improvements, interest, costs, attorney's fees and any other claim which could have been made in this action 5 City may withdraw all funds, including interest, on deposit with the court for return to the City 6 Teledyne shall be responsible for the payment of property taxes owing on the portion of the Property acquired, if any, as of the date of this judgment 7 Upon full payment of $390,000, Teledyne shall execute an acknowledgement of satisfaction of judgment and any other document necessary to conclude this matter and for the filing of a final order of condemnation 8 This Court shall retain jurisdiction to enforce the stipulation between the parties and the judgment, and shall award reasonable attorneys fees and costs to the prevailmg party in any action to enforce the rights of either party IT IS SO ORDERED Dated Case No SCVSS 128681 179942.00068 5DLrrBW131320108 1 Mary E Fuller Judge, Superior Court -2- STIPULATED JUDGMENT EXHIBIT A A FEE INTEREST IN THE FOLLOWING DESCRIBED PROPERTY. (Exhibit "A") Portions of SDLIT\ALL1315259 1 APN 169-021-01 and 169-021-10 EXHIBIT "A" DESCRIPTION OF PROPERTY Real property located In the City of Redlands, County of San Bernardino, State of California, described as follows THAT PORTION OF THE NORTH 1/2 OF LOT 4, SMITH TRACT, IN THE CITY OF REDLANDS, COUNTY OF SAN BERNARDINO, STATE OF CALIFORNIA, AS PER MAP RECORDED IN BOOK 8 OF MAPS, PAGE 86, RECORDS OF SAID COUNTY, DESCRIBED AS FOLLOWS BEGINNING AT THE NORTHWEST CORNER OF SAID LOT 4, SAID POINT LYING ON THE SOUTH RIGHT-OF-WAY LINE OF LUGONIA AVENUE, 66 FEET WIDE, AS SHOWN ON RECORD OF SURVEY RECORDED IN BOOK 60 OF RECORDS OF SURVEY, PAGE 18, RECORDS OF SAID COUNTY, THENCE SOUTH 00°00'56" WEST 630 66 FEET, MORE OR LESS, ALONG THE WEST LINE OF SAID LOT 4 TO THE SOUTH LINE OF THE NORTH 1/2 OF SAID LOT 4, THENCE SOUTH 89°50'39" EAST 50 00 FEET ALONG SAID SOUTH LINE, THENCE NORTH 00°00'56" EAST 598 23 FEET, THENCE SOUTH 89°59'04" EAST 9 00' TO THE BEGINNING OF A NON -TANGENT CURVE CONCAVE SOUTHEASTERLY HAVING A RADIUS OF 13 00 FEET, A RADIAL LINE TO SAID BEGINNING HAVING A BEARING OF NORTH 89°59'04" WEST, THENCE NORTHEASTERLY 20 52 FEET ALONG SAID CURVE THROUGH A CENTRAL ANGLE OF 90°26'36" TO A POINT WHICH LIES 52 00 FEET SOUTHERLY OF THE CENTER LINE OF SAID LUGONIA AVENUE, MEASURED AT RIGHT ANGLES TO SAID CENTER LINE, THENCE PARALLEL WITH SAID CENTER LINE SOUTH 89°32'28" EAST 20 00 FEET, THENCE NORTH 00°27'32" EAST 12 00 FEET TO A POINT WHICH LIES 40 00 FEET SOUTHERLY OF SAID CENTER LINE, MEASURED AT RIGHT ANGLES TO SAID CENTER LINE THENCE PARALLEL WITH SAID CENTER LINE NORTH 89°32'28" WEST 90 00 FEET, THENCE NORTH 00°27'32" EAST 7 00 FEET TO A POINT ON THE SOUTH RIGHT- OF-WAY LINE OF SAID LUGONIA AVENUE, THENCE ALONG SAID SOUTH RIGHT-OF-WAY LINE NORTH 89°32'28" WEST 182 25 FEET, MORE OR LESS, TO THE POINT OF BEGINNING AREA 33,113 SQ FT PREPARED BY M RK S WHITMER, L S NO 5535 rMa7Sc S WHT}:ILR No 5535 ExpireS.3.3Q'QIf, POB NW COR OF LOT 4 SMITH TRACT, M 8 8/86 LUCONIA N89°32 28 W 182 25' N89°32'28"W 2a' MATCH UNE 96380E02 DWG L2 AYCNUE EXIST R/W M L1 'JN89°59'04"W �R) N00°00 56 E L4 6=90°26'36" L1 589°59'04"E L2 589°32 28 E L3 N00°27'32"E R=13 00' 9 00' 20 00 12 00' 0 T=13 10 L=20 52 S00"00'56°W L4 S89°32'28"E 90 00' L5 N00°27'32"E 7 00' THIS EXHIBIT PLAT IS FOR INFORMATIONAL PURPOSES ONLY, SHOWING THE PROPERTY DESCRIBED IN THE LEGAL DESCRIPTION ATTACHED HERETO AS EXHIBIT "A" THE LEGAL DESCRIPTION IS THE CONTROWNG DOCUMENT AND SHALL TAKE PRECEDENCE OVER ANY DISCREPANCIES BETWEEN THE LEGAL DESCRIPTION AND THE EXHIBIT PLAT MATCH LINE_ a H 0 -J L'J z • 5000 ' 589°50'39"E MARKS WHITMER 0 L S No 5535 * Expires 9-30-06 oa to X11) OF CAL‘•° N00°00'56"E PORTION OF THE NORTH 1/2 LOT 4 SMITH TRACT M B 8/86 t SCALE 1"= 50' APN 0169-021--01 TELEDYNE TECHNOLOGIES INC 2049 CENTURY PARK EAST 15TH FL LOS ANGELES, CA 90067 SO LINE N 1/2 LOT 4, SMITH TRACT EAST LINE N 1 DESCRIPTION OF PROPERTY Real property located in the City of Redlands, County of San Bernardino, State of California, described as follows THAT PORTION OF THE SOUTH 1/2 OF LOT 4, SMITH TRACT, IN THE CITY OF REDLANDS, COUNTY OF SAN BERNARDINO, STATE OF CALIFORNIA, AS PER MAP RECORDED IN BOOK 8 OF MAPS, PAGE 86, RECORDS OF SAID COUNTY, DESCRIBED AS FOLLOWS COMMENCING AT THE NORTHWEST CORNER OF SAID LOT 4, SAID POINT LYING ON THE SOUTH RIGHT-OF-WAY LINE OF LUGONIA AVENUE, 66 FEET WIDE, AS SHOWN ON RECORD OF SURVEY RECORDED IN BOOK 60 OF RECORDS OF SURVEY, PAGE 18, RECORDS OF SAID COUNTY, THENCE SOUTH 00°00 56" WEST 630 66 FEET, MORE OR LESS, ALONG THE WEST LINE OF SAID LOT 4 TO THE NORTHWEST CORNER OF THE SOUTH 1/2 OF SAID LOT 4, SAID POINT BEING THE POINT OF BEGINNING, THENCE CONTINUING SOUTH 00°00'56" WEST 631 35 FEET, MORE OR LESS, ALONG SAID WEST LINE OF LOT 4 TO THE NORTH RIGHT-OF-WAY LINE OF BROCKTON AVENUE, 66 FEET WIDE, AS SHOWN ON SAID RECORD OF SURVEY, THENCE NORTH 89°41'37" EAST 44 07 FEET ALONG SAID RIGHT- OF -WAY LINE TO THE CUSP OF A CURVE CONCAVE NORTHEASTERLY HAVING A RADIUS OF 13 00 FEET, A RADIAL TO WHICH BEARS SOUTH 00°18 23" EAST, THENCE NORTHWESTERLY 20 49 FEET ALONG SAID CURVE THROUGH A CENTRAL ANGLE OF 90°19'19" TOA POINT WHICH LIES 31 00 FEET EASTERLY OF SAID WEST LINE OF LOT 4, MEASURED AT RIGHT ANGLES TO SAID WEST LINE, THENCE NORTH 00°00'56" EAST 133 81 FEET, PARALLEL WITH SAID WEST LINE, TO THE BEGINNING OF A CURVE CONCAVE EASTERLY HAVING A RADIUS OF 477 00 FEET, THENCE NORTHEASTERLY 93 13 FEET ALONG SAID CURVE THROUGH A CENTRAL ANGLE OF 11°11'12" TO THE BEGINNING OF A REVERSE CURVE CONCAVE WESTERLY HAVING A RADIUS OF 523 00 FEET, A RADIAL LINE TO SAID BEGINNING HAVING A BEARING OF SOUTH 78°47'52" EAST, THENCE NORTHERLY 102 11 FEET ALONG SAID CURVE THROUGH A CENTRAL ANGLE OF 11°11'12", TO A POINT WHICH LIES 50.00 FEET EASTERLY OF SAID WEST LINE OF LOT 4, MEASURED AT RIGHT ANGLES TO SAID WEST LINE; THENCE PARALLEL TO SAID WEST LINE, NORTH 00°00'56" EAST 290 16 FEET, MORE OR LESS, TO THE NORTH LINE OF THE SOUTH 1/2 OF SAID LOT 4, THENCE NORTH 89°50'39" WEST 50 00 FEET ALONG SAID NORTH LINE TO THE POINT OF BEGINNING AREA 26,990 SQ FT PREPARED BY cley •v MARK S WHITMER, L S NO 5535 SOO°00'56'W POC NW COR LOT 4, SMITH TRACT POB NW COR SOUTH 1/2 LOT 4 MATCH LINE IID d 96380E01 N00°00 56"E 23 44 07' 1 N89°41'37"E w sn 0 0 SOUTH' RIGHT-OF-WAY LINE LUGONIA AVENUE S00°00'56"W 630 66' 5O0°00'56"W N00°00'56"E NORTH LINE S 1/2 LOT 4, SMITH TRACT MARK S �L WHITMER LS No 5535 Exp€res 9-30-06 OF PORTION OF THE SOUTH 1/2 LOT 4, SMITH TRACT M B 8/86 THIS EXHIBIT PLAT IS FOR INFORMATIONAL PURPOSES ONLY SHOWING THE PROPERTY DESCRIBED IN THE LEGAL DESCRIPTION ATTACHED HERETO AS EXHIBIT `A" THE LEGAL DESCRIPTION IS THE CONTROLLING DOCUMENT AND SHALL TAKE PRECEDENCE OVER ANY DISCREPANCIES BETWEEN THE LEGAL DESCRIPTION AND THE EXHIBIT PLAT A = 90°1919 R=1300' L = 20 49" T = 13 07 EXIST R/W t SCALE 111= 50' APN 0169-021-10 TELEDYNE TECHNOLOGIES INC 2049 CENTURY PARK EAST 15TH FL LOS ANGELES CA 90067 EAST LINE S 1/2 LOT 4 SMITH TRACT M 8 8/86 M LIROCI<*ON AVENUE N89°41 37"E 1 s F � �d CP 1 ONCE 9TH ST A 1 TE*AST 70 Nk ./F? b . T ST • CAR LO TTS, OT g 6 § 8 LHO NS OLUtulBIAT r ES hItSOH1V * VIIEBSTER �� 05 AY S CJ -1 SHI 'GT &N ST''''"--"tcyAsFisipti---r 0—N s � �,"�" ALTA ST s m TENNESSEE ST ICARON ST ° FRANCES Ste• ST TEXASST cor,viimmt m TA ST S7 j I -74,f _ILIA ST— 1 INDIAN WELLS (760) 566 26 I I IRVINE (949) 263 2600 ONTARIO (909) 989 6564 BEST BEST & KRIEGER LLP A CALIFORNIA LIMITED LIABIUTY PARTNERSHIP INCLUDING PROFLSSIONAL CORPORATIONS LAWYERS 655 WEST BROADWAY € 5TN FLOOR SAN DIEGO CALIFORNIA 92101 (619) 525 1300 (619) 233-6 I 1 8 FAX BBKLAW COM BRUCE W BEACH (61 9) 525 1335 BRUCE BEACH@BBKLAW COM FILE No 1 7942 00068 Novembei 3, 2005 Daniel J McHugh City Attorney CI 1 Y Of REDLANDS P 0 Box 3006 Redlands, CA 92373 Re: City of Redlands v Teledyne Technolog res, Inc , et al San Bernardino Superior Court Case No. SCVSS 128681 Dear Mr McI-Iugh RIVERSIDE (95 €) 686 1 450 SACRAMENTO (9 16) 325 4000 WALNUT CREEK (925) 746 7300 dADA t ft' e Enclosed with this letter is the original Settlement Agreement which has been execute on behalf of Teledyne 1 echnologies Incorporated ("Teledyne") and approved as to form by counsel Please have the original Settlement Agreement executed on behalf of the City of Redlands and provide us with a copy to send to Mi Schaefer on behalf I eledyne h At this time, we are also sending the Stipulation for Judgment and Judgment to the tour to be signed and filed accordingly We will provide you and Mr Schaefer with conformed copies upon receipt We request that you now provide us with a check in the amount of 5390,000 payable to, "Teledyne Technologies Incorporated " We will forward the payment to Mi Schaefer and request that he execute an Acknowledgment of Satisfaction of Judgment which we will also have filed with the court and recorded I he Final Order of Condemnation will be 0,1e") filed with the court and recorded, transferring title of the property from 1 eledyne to the City of bvu Ye, Redlands After these actions have been completed, we will withdraw the funds and interest on deposit for return to the City of Redlands LAW OFFICES OF BEST BEST & KRIEGER LLP Daniel J McHugh November 3 2005 Page 2 Should you have any questions regarding the enclosed document or 11115 math.), please contact the undersigned at your convenience Sincerely, Bruce W Beach of BES i BEST & KRIEGER LLP BWB mid Enc losure SDI r1113W131321406 1 CLOSED SESSION The City Council meeting recessed at 4 24 P M to a closed session to discuss the following 1 Conference with real property negotiator - Government Code Section 54956 8 a Property 1132 East Cypress Avenue Negotiating parties Naji Doumit and Linda Emmerson Under negotiation Terms and price 2. Conference with legal counsel. Existing litigation — Government Code Section 54956.9(a). City of Redlands v Teledyne, Case No SCVSS 128681 The meeting reconvened at 7 00 P M CLOSED SESSION REPORT None forthcoming PRESENTATIONS Jean Lafitte, Louisiana, Assistance Efforts - After several attempts to get through the busy telephone circuits, Councilmember George placed a call to Mayor Timothy P Kerner of Jean Lafitte, Louisiana, who expressed his sincere appreciation to the citizens of Redlands for their offer of assistance for his city to recover from the disastrous Hurricanes Katrina and Rita A PowerPoint presentation of pictures taken by Chief of Watei Resources Doug Headrick and Pastor Felix Roger Jones, 111, during their recent visit to Jean Lafitte was shown while Pastor Jones described the devastation Councilmember George reported an account has been set up for donations (checks should be payable to the City of Redlands and designated for the Sister Cay Relief Fund) and a staging area will be set up for receipt of goods to be donated A Jean Lafitte festival fund raiser is being organized by City staff, further information will be provided in the future I-10 Widening Project - Cheryl Donahue, Public Information Officer, and Daren Kettle, Construction Manager, SANBAG, presented information regarding the I-10 widening project A groundbreaking will take place on November 1, 2005, at 11 00 A M The 30 -month project includes the expansion of 11 bridges and construction of 14 -foot sound walls between Orange and Ford Streets ANNOUNCEMENTS/REPORTS Councilmembers reported on their activities and attendance at meetings during the past two weeks October 4, 2005 Page 5