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RES-8848 Approving a Business Relocation and Settlement Agreement Relating to Ford of OrangeRESOLUTION NO. 8848 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF ORANGE APPROVING A BUSINESS RELOCATION AND SETILEMENT AGREEMENT BETWEEN THE CITY OF ORANGE AND DAVID W. WILSON RELATING TO FORD OF ORANGE WHEREAS, David W. Wilson ("Wilson") currently owns and operates David Wilson's Ford of Orange at 230 South Main Street (the "Main-Palmyra Site").WHEREAS, Wilson operates his business at the Main-Palmyra Site pursuant to a lease,and it is reasonably likely that Wilson would extend his lease of the Main-Palmyra Site in the absence of disruption to his business operations.WHEREAS, the City plans to widen Main Street between Almond and Palmyra Avenue,subject to the availability of funding.WHEREAS, the widening of Main Street could result in disruption to Wilson's business operations at the Main-Palmyra Site for an extended period oftime, could cut into and require the demolition of all or part of the structure on the site and could leave Wilson with a substandard-sized parcel from which to conduct business, requiring Wilson to discontinue operations at the Main-Palmyra Site and relocate to another location.WHEREAS, Wilson could suffer a significantly increased occupancy cost at a new location when compared to his rental obligations at the Main-Palmyra Site.WHEREAS, the widening of Main Street could result in a legal obligation on the part of the City to compensate Wilson for his losses resulting from the street widening (including but not limited to lost goodwill as required by California Code of Civil Procedure ~ 1263.510 and relocation assistance as required by Government Code ~ 7260 et seq.), the existence, extent and amount of which would be subject to dispute (collectively referred to as the "City Obligations").WHEREAS, in lieu of Wilson filing a claim for compensation in connection with the City Obligations, and to further the interests of the City as more particularly described in this Resolution, Wilson and the City have negotiated an equitable settlement.WHEREAS, pursuant to and subject to the terms and conditions of the proposed Business Relocation and Settlement Agreement ("Agreement"), Wilson will relocate David Wilson's Ford of Orange from the Main-Palmyra Site to a currently vacant site of approximately eight acres located at the intersection of Katella and Main, and the City will agree to make payments to Wilson, in an amount calculated in accordance with the Agreement and contingent upon the satisfaction of WHEREAS, Wilson's relocation to the Katella Site will further various City objectives, including: (1) implementation of the "Vision Statement for the Katella Avenue Corridor"; (2) effectuation of the Redevelopment Plan adopted by the City Council for the City's Northwest Redevelopment Project Area (the "Redevelopment Project Area"); and (3) economic development objectives such as development of underutilized land, increased employment, increased sales taxes and increased property taxes. WHEREAS, copies of the proposed Agreement in substantially final form have been presented to this City Council. WHEREAS, this City Council has duly considered all of the terms and conditions of the proposed Agreement and believes that the Agreement is in the public interest and will promote the economic well-being of the City.NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Orange as follows:1. The City Council finds that the foregoing Recitals are true and correct,2. The City Council recognizes that it has received and heard all oral and written objections to the proposed Agreement and that all such oral and written objections are hereby overruled.3. The Business Relocation and Settlement Agreement is hereby approved. The Mayor is authorized to sign the Agreement on behalf of the City subject to such modifications as may be recommended by the City Attorney.ADOPTED this 25th day of November 1997. C MlIYor of the City of Orange ATTEST: i/lAAUt- ~MtA~ City Clerk of the of Orange I hereby certify that the foregoing Resolution was duly and regularly adopted by the City Council of the City of Orange at a regular meeting thereof held on the ?~th day of November 1997, by the following vote: AYES: NOES: ABSENT: ABSTAIN: COUNCILMEMBERS: MURPHY, SLATER, COONTZ, SPURGEON, ALVAREZ COUNCILMEMBERS: NONE COUNCILMEMBERS: NONE COUNCILMEMBERS: NONE City Clerk of the ty of Orange 848