Politics & Government
City Council To Consider Settlement Agreement Monday
The City Council will decide Monday whether to accept a settlement agreement that would hand over land to a local developer and pay the firm $600,000.
The Monrovia City Council will decide in a special meeting Monday whether to accept a settlement agreement with Samuelson & Fetter that would hand over land and about $600,000 to the developer.
The agreement stems from a $106 million lawsuit filed by Samuelson & Fetter in August that alleged the city breached a development agreement for the planned Station Square Transit Village project along the Gold Line Foothill Extension.
Under the terms of the settlement, Monrovia would give Samuelson & Fetter $2.78 million and then turn around and sell a plot of land to the developer for the same amount of money. Additionally, the city would pay the firm about $600,000 to reimburse it for development and insurance costs.
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The special meeting will be held in council chambers at 7 p.m.
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