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HomeMy WebLinkAbout2009-07-14 - AGENDA REPORTS - CARQUEST AUTO PARTS PURCHASE (2)3 Agenda Item: C c,/sWfi CITY OF SANTA CLARITA JOINT CITY COUNCIL / REDEVELOPMENT AGENCY AGENDA REPORT City Manager Approval: CONSENT CALENDAR Item to be presented by: Armine Chaparyan DATE: July 14, 2009 SUBJECT: SETTLEMENT AGREEMENT TO PURCHASE THE LEASEHOLD INTERESTS AND THOSE CERTAIN IMPROVEMENTS PERTAINING TO THE REALTY LOCATED AT 24535 N. MAIN STREET, SANTA CLARITA, CA 91321 FROM CARQUEST AUTO PARTS DEPARTMENT: Community Development RECOMMENDED ACTION City Council: Approve the acquisition and adopt a resolution consenting to payment being made by the Redevelopment Agency of the City of Santa Clarita (Agency) for the purchase of the leasehold interests and those certain improvements pertaining to the realty, loss of goodwill, and all other damages and costs that may be associated with the relocation of the Carquest Auto Parts business ("Leasehold Interests") for public improvement and making the findings required by Section 33445 of the California Redevelopment Law to permit the use of Agency funds to purchase the "Leasehold Interests" to provide for the construction of a public library. Redevelopment Agency: 1. Adopt a Resolution of the Agency requesting consent from the City Council to use Agency funds for the purchase of the "Leasehold Interests" for public improvement and making the findings required by Section 33445 of the California Redevelopment Law and to permit the use of those funds to acquire the 'Leasehold Interests" for the construction of a public library; 2. Authorize the appropriation of $160,000 from available funds in the Redevelopment Agency non -housing fund balance to Account 13400-5201.004; 3. Authorize Executive Director or designee to approve payments up to a maximum amount of $160,000 for the acquisition and for all required costs related thereto and execute all required documentation to complete the transaction, subject to review by the Agency Attorney. BACKGROUND On December 18, 2007, the Agency purchased the real property located at 24535 Main Street. Al the time of purchase, the building was leased for use as an auto parts retail business and occupied by Carquest Auto Parts (Carquest.) Shortly before the December 14, 2007 close of escrow, Carquest was provided with the required written notice advising that tenant of the Agency's intention to purchase the property for redevelopment purposes. The Agency's relocation efforts began in earnest during May, 2008. During December 2008, Carquest had not yet secured a new store location, therefore, efforts to negotiate a comprehensive settlement agreement began. It was agreed that the settlement agreement was to provide full payment for the Agency to Carquest for all leasehold interests and related relocation expenses resulting from the Agency's purchase of the property and that these negotiations were to continue even beyond the joint City Council/Agency public hearing which was held on January 27, 2009, at which time a resolution of necessity was adopted authorizing initiation of eminent domain proceedings to acquire the "Leasehold Interests." On May 15, 2009, Carquest entered a new lease agreement for the new store location at 21515 Soledad Canyon Road. Subsequently, on May 20, 2009, Carquest's representative orally agreed to accept an all-inclusive settlement offer from the Agency in the amount of $160,000 and acknowledged that the agreement would remain subject to City Council/Agency approval and the completion of a written agreement reflecting same. The tenant improvements necessary at the new store location are already underway and it is expected that Carquest will be able to move into the new location on or before August 31, 2009. The negotiated settlement amount of $160,000 represents full compensation to Carquest for the leasehold interests, those certain improvements pertaining to the realty, loss of goodwill, and all other damages and costs that may be associated with the relocation of the auto parts business and will allow for a timely and mutually agreeable resolution in lieu of completing the earlier eminent domain action. In order for redevelopment agencies to spend funds for acquisition of "Leasehold Interests" for the construction of public improvements such as the public library, the Agency must request and the City Council must consent and each body must make finding as provided for in the attached resolutions. The payment of funds for the proejct will facilitate completion of required public improvements to induce new construction and/or rehabilitation by private enterprise; will remove blighted conditions, promote the comprehensive planning, redesign, replanning, reconstruction and/or rehabilitation in such a manner as to achieve a higher and better utilization of the land within the project area and facilitate implementation of the goals of the Downtown Newhall Specific Plan by adding needed public facilities such as a public library to the Newhall Redevelopment Project Area. The relocation of Carquest will satisfy the Agency's tenant relocation obligations resulting from the Agency's purchase of the property, while also ensuring the property will be fully accessible to 2 the Agency prior to the start of any work or related activities that may be necessary for construction of a new library. ALTERNATIVE ACTIONS 1. Agency may direct staff to cease the acquisition effort. 2. Other actions as determined by the Agency or City Council. FISCAL IMPACT Authorize the appropriation of $160,000 from available funds in the Redevelopment Agency Non -housing fund balance to Account 13400-5201.004. ATTACHMENTS Resolution - City Council Resolution - Redevelopment Agency Settlement Agreement and Release RESOLUTION NO. 09- A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF SANTA CLARITA, CALIFORNIA, MAKING THE FINDINGS REQUIRED BY SECTION 33445 OF THE CALIFORNIA REDEVELOPMENT LAW AND DETERMINING THAT THE PURCHASE OF THE LEASEHOLD INTERESTS AND THOSE CERTAIN IMPROVEMENTS PERTAINING TO THE REALTY LOCATED AT 24535 MAIN STREET FOR THE CONSTRUCTION OF A PUBLIC LIBRARY IS OF BENEFIT TO THE NEWHALL REDEVELOPMENT PROJECT AREA WHEREAS, the Redevelopment Agency of the City of Santa Clarita (the"Agency") is a public body, corporate and politic, duly established and authorized to transact business and exercise powers under and pursuant to the provisions of the Community Redevelopment Law of the State of California, constituting Part 1 of Division 24 of the Health and Safety Code of the State of California (the "Law"), including the power to expend funds for public improvements for the benefit of the Newhall Redevelopment Project Area ("Project Area"); and WHEREAS, the City of Santa Clarita ("City") is the legislative body for the community in which the Project Area is located and pursuant to Health & Safety Code Section 33445 is required to consent to payments to be made by its Agency for the acquisition of the leasehold interests, those certain improvements pertaining to the realty, loss of goodwill and all other damages and costs associated with the relocation of the Carquest Auto Parts business located at 24535 Main Street ("Leasehold Interests") for the installation of public improvements; and , WHEREAS, the Downtown Newhall Specific Plan adopted on December 22, 2005, provides for the funding of public improvements within the Project Area; and WHEREAS, the provision of public improvements is consistent with the Redevelopment Agency's Five -Year Implementation Plan in that the purchase of the "Leasehold Interests" for the construction of a public library ("Project") is also identified in the Downtown Newhall Specific Plan as a goal and objective; and WHEREAS, the Agency desires to purchase the "Leasehold Interests" for the Project with $160,000 of Agency funds as presently the City does not have funds available for this project; and WHEREAS, there are appropriate facts supporting the findings required by Health & Safety Code Section 33445 for the City Council to consent to the Agency's expenditure of funds for the purchase of "Leasehold Interests" for public improvements provided by the Project. NOW, THEREFORE, the City Council of the City of Santa Clarita, California does hereby resolve as follows: SECTION 1. Recitals. The City Council finds and declares that the above recitals are true and correct and incorporates them herein. SECTION 2. Findings Required by Health & Safety Code Section 33445. The City Council hereby determines that: (a) The Project is of benefit to the Project Area as there are inadequate public facilities within the Project Area and the purchase of the "Leasehold Interests" to construct a public library will provide those needed public facilities; and (b) No other reasonable means of financing the purchase of the "Leasehold Interests" are available to the community as the City is using its funds to undertake other public improvements throughout the City; and (c) That the payment of funds for the Project will assist in the elimination of blighting conditions inside the Redevelopment Project Area by providing for adequate parcels and required public improvements to induce new construction and/or rehabilitation by private enterprise; promoting the comprehensive planning, redesign, replanning, reconstruction and/or rehabilitation in such a manner as to achieve a higher and better utilization of the land within the project area, and assisting in attracting new businesses and residential developments to the area; and (d) The use of Agency funds for the acquisition is consistent with the Agency's adopted implementation plan per Health and Safety Code Section 33490. SECTION 3. City Consent. The City Council consents to the Agency's request to pay $160,000 for the "Leasehold Interests" to permit the construction of a public library. SECTION 4. Effective Date. This Resolution shall take effect from and after its date of passage; approval and adoption. SECTION 5. Certification. The City Clerk shall certify to the adoption of this Resolution. PASSED, APPROVED AND ADOPTED this 14th day of July, 2009. ATTEST: CITY CLERK 5 STATE OF CALIFORNIA ) COUNTY OF LOS ANGELES ) ss. CITY OF SANTA CLARITA ) I, Sharon L. Dawson, MMC, City Clerk of the City of Santa Clarita, do hereby certify that the foregoing Resolution was duly adopted by the City Council of the City of Santa Clarita at a regular meeting thereof, held on the day of July, 2009, by the following vote: AYES: COUNCILMEMBERS: NOES: COUNCILMEMBERS: ABSENT: COUNCILMEMBERS: CITY CLERK M40 STATE OF CALIFORNIA ) COUNTY OF LOS ANGELES ) ss. CITY OF SANTA CLARITA ) CERTIFICATION OF CITY COUNCIL RESOLUTION I, Sharon L. Dawson, City Clerk of the City of Santa Clarita, do hereby certify that this is a true and correct copy of the original Resolution No. 09-, adopted by the City Council of the City of Santa Clarita, California on July 14, 2009, which is now on file in my office. Witness my hand and seal of the City of Santa Clarita, California, this _ day of , 20_ Sharon L. Dawson, MMC City Clerk By Susan Caputo, CMC Deputy City Clerk M RESOLUTION NO. RDA 09- A RESOLUTION OF THE REDEVELOPMENT AGENCY OF THE CITY OF SANTA CLARITA, CALIFORNIA, MAKING THE FINDINGS REQUIRED BY SECTION 33445 OF THE CALIFORNIA REDEVELOPMENT LAW AND DETERMINING THAT THE PROVISION OF PUBLIC IMPROVEMENTS FROM THE PURCHASE OF THE LEASEHOLD INTERESTS AND THOSE CERTAIN IMPROVEMENTS PERTAINING TO THE REALTY LOCATED AT 24535 MAIN STREET FOR THE CONSTRUCTION OF A PUBLIC LIBRARY IS OF BENEFIT TO THE NEWHALL REDEVELOPMENT PROJECT AREA WHEREAS, the Redevelopment Agency of the City of Santa Clarita (the "Agency") is a public body, corporate and politic, duly established and authorized to transact business and exercise powers under and pursuant to the provisions of the Community Redevelopment Law of the State of California, constituting Part 1 of Division 24 of the Health and Safety Code of the State of California (the "Law"), including the power to expend funds for public improvements for the benefit of the Newhall Redevelopment Project Area ("Project Area"); and WHEREAS, the City of Santa Clarita ("City") is the legislative body for the community in which the Project Area is located and pursuant to Health & Safety Code Section 33445 is required to consent to payments to be made by its Agency for the acquisition of the leasehold interests, those certain improvements pertaining to the realty, loss of goodwill and all other damages and costs associated with the relocation of the Carquest Auto Parts business located at 24535 Main Street ("Leasehold Interests") for the installation of public improvements; and WHEREAS, the Downtown Newhall Specific Plan adopted on December 22, 2005, provides for the funding of public improvements within the Project Area; and WHEREAS, the provision of public improvements is consistent with the Redevelopment Agency's Five -Year Implementation Plan in that the purchase of the "Leasehold Interests" for the construction of a public library ("Project") is also identified in the Downtown Newhall Specific Plan as a goal and objective; and WHEREAS, the Agency desires to purchase the "Leasehold Interests" for the Project with $160,000 of Agency funds as presently the City does not have funds available for this project; and WHEREAS, there are appropriate facts supporting the findings required by Health & Safety Code Section 33445 for the City Council to consent to the Agency's expenditure of funds for the purchase of the "Leasehold Interests" for public improvements provided by the Project. NOW, THEREFORE, the Redevelopment Agency of the City of Santa Clarita, California does hereby resolve as follows: SECTION 1. Recitals. The Agency Board finds and declares that the above recitals are true and correct and incorporates them herein. SECTION 2. Findings Required by Health & Safety Code Section 33445. The Agency hereby determines that: a) The Project is of benefit to the Project Area as there are inadequate public facilities within the Project Area and the purchase of the "Leasehold Interests" to construct a public library will provide those needed public facilities; and b) No other reasonable means of financing the purchase of the property are available to the community as the City is using its funds to undertake other public improvements throughout the City; and c) That the payment of funds for the Project will assist in the elimination of blighting conditions inside the Redevelopment Project Area by providing for adequate parcels and required public improvements to induce new construction and/or rehabilitation by private enterprise; promoting the comprehensive planning, redesign, replanning, reconstruction and/or rehabilitation in such a manner as to achieve a higher and better utilization of the land within the project area, and assisting in attracting new businesses and residential developments to the area; and d) The use of Agency funds for the acquisition is consistent with the Agency's adopted implementation plan per Health and Safety Code section 33490. SECTION 3. Agency Request for use of Funds. The Agency requests the City Council's consent for the Agency to use its funds to pay $160,000 for the "Leasehold Interests" to permit the construction of a public library. SECTION 4. Effective Date. This Resolution shall take effect from and after its date of passage; approval and adoption. SECTION 5. Certification. The Agency Secretary shall certify to the adoption of this Resolution. PASSED, APPROVED AND ADOPTED this 14th day of July, 2009. ATTEST: SECRETARY M CHAIR STATE OF CALIFORNIA ) COUNTY OF LOS ANGELES ) ss. CITY OF SANTA CLARITA ) I, Sharon L. Dawson, MMC, Secretary of the City of Santa Clarita Redevelopment Agency, do hereby certify that the foregoing Resolution was duly adopted by the Redevelopment Agency of the City of Santa Clarita at a regular meeting thereof, held on the 14th day of July, 2009, by the following vote: AYES: AGENCY MEMBERS: NOES: AGENCY MEMBERS: ABSENT: AGENCY MEMBERS: 3 SECRETARY /o STATE OF CALIFORNIA ) COUNTY OF LOS ANGELES ) ss. CITY OF SANTA CLARITA ) CERTIFICATION OF REDEVELOPMENT AGENCY RESOLUTION I, Sharon L. Dawson, Secretary of the City of Santa Clarita Redevelopment Agency, do hereby certify that this is a true and correct copy of the original Resolution No. RDA 09-, adopted by the Redevelopment Agency of the City of Santa Clarita, California on July 14, 2009, which is now on file in my office. Witness my hand and seal of the Redevelopment Agency of the City of Santa Clarita, California, this day of 520. Sharon L. Dawson, MMC Secretary By Susan Caputo, CMC Deputy Secretary 2 /I SETTLEMENT AGREEMENT AND RELEASE This Settlement Agreement and Release ("Agreement") is made by and between (TENANT) and REDEVELOPMENT AGENCY OF THE CITY OF SANTA CLARITA ("AGENCY") (hereinafter, TENANT and AGENCY shall collectively be referred to as the "Parties"). e _ RECITALS This Agreement is made with respect_.�o the following facts that are acknowledged as true and correct by the Parties: WHEREAS, on or about November 1,�T990,1] g A`,Auto Parts;, -Inc. entered into a lease ("Lease") with William Clark in regard to certain real property interests ("Leasehold Interests") located at -24535 NI" San Fernando Road, Newhall, California (they ---"Property"), which Lease was extended through 2012 pursuant to the A- endmenf and Extension of Lease between General Parts, Inc. and William Clark date'April';2;-200,7;, WHEREAS', --t&- onstruct, a public library and all uses appurtenant thereto as part -of the Downtown Newhall Specific Plan ("Project")-, AGENCY acquired fee title to the Property pursuant to a Purchase and Sale agreement dated 6 �Il October 31, 2007, which acquisition was made subject to the Lease; WHEREAS, AGENCY filed a complaint in eminent domain entitled Santa Clarita Redevelopment Agency v. General Parts, Inc. dba Carquest Auto Parts, LASC Case No. BC 407980 ("Eminent Domain Action") to acquire TENANT's leasehold interest in the Property and certain improvements pertaining to the realty attached hereto as Exhibit "A" ("Improvements"); and LA #4846-9277-5939 vl ] WHEREAS, General Parts, Inc. is the entity that currently owns the leasehold interest in the Property and the Improvements; and ` WHEREAS, TENANT has found a relocation site for its business ("New Location"); NOW, THEREFORE, to fully and completely settle TENANT's claim's against AGENCY in regard to the AGENCY's acquisitionRof TENANT's interests in, and TENANT's relocation from, the Property,T d ` N&, onsideration of the promises, covenants and representations contained herein, nod for good and valuable consideration, the receipt and adequacy of whichr�,is hereby acknowledged by and between the Parties, the Parties agree as follows: 1. NO ADMISSION OF LIABILITY This Agreement is a comprornise�:-and-. is not intended to be, nor shall it be construed, as, an admission of liability by any party to any other party. .: h .1l 2. VACATION OF PROPERTY,REMEDIES 4—T NE ANT agreestat; =on or before August 31, 2009, it will surrd'.0er possessiow of the 'Property to AGENCY free of all occupants and claims tovsoccupancy by';TiENANT. The actual date on which TENANT has, to AGENCY's satisfdction completed the obligations set forth in this Section shall I - be referred to in this Agreement as the "Vacation Date." Unless such failure is caused by matters beyond TENANT's control, should TENANT fail to vacate the Property, then AGENCY shall thereafter be entitled, without objection by TENANT, to apply in the Eminent Domain Action for an Order Granting Writ of Assistance and issuance of a Writ of LA #4846-9277-5939 v1 2 l3 Assistance, which shall authorize the immediate ejectment and removal of TENANT from the Property. TENANT will be responsible for any and all attorneys' fees and costs incurred by AGENCY in its reasonable and successful attempts to remove TENANT from the Property after August 31, 2009. AGENCY will not be responsible for any fixtures, machinery, equipment, inventory or items of personal property that '=remain following TENANT's voluntary or involuntary surrender of its possession of the Property. Any fixtures, machinery, equipment, inventory or, items of personal property remaining on the Property following TENANT}s,,surrend�er of its possession of the Property or after TENANT's removal from the 'P, roperty by AGENCY or by the levying officer will be deemed abandoned, and may be«removed and/or disposed of in any manner that AGENCY, or itslagent,sees fit,, 3. HOLDWER-RENT Starting�the day4following August 31, 2009 and every day thereafter in whichTENAfVT-remainsIn occupancy of the Property, TENANT will be liable to AGENCY at the rateof TenTjhousand Dollars ($10,000) per month, or Three Hundred Twenty Nine Dollars ($329.00) per day for any partial month, until the - t; date the Property is vacated pursuant to Section 2 of this Agreement, and shall be subject to all the -terms and conditions as contained in the Lease. TENANT's Initials AGENCY's Initials 4. PAYMENT AGENCY shall pay TENANT the total sum of ONE HUNDRED SIXTY THOUSAND DOLLARS ($160,000.00) (hereinafter, the "Payment"). The LA #4846-9277-5939 vl 3 / V, Payment shall be made out to " and delivered to following the Vacation Date. 5. WAIVER AND RELEASE M within 15 days The Payment represents full payment and just compensation for Al the taking of TENANT's interests in the Property and for, aall"'damages of every kind and nature suffered, or claimed to be sufferedrby reason of the AGENCY's acquisition of TENANT's interests in the Property,*and the Improvements, and construction of the Project for which the, interests. in the Propiqrty and the 1 Improvements are being acquired. In exchange for the Payment, TENANT, on behalf of itself and its successors voluntarily waive, release and disch s, shall be deemed to knowingly and liability or responsibility '71.') for or related to any right TENANT has,`has had, or may in the future have to any claim for additional- compensation or damages or liability of any kind, whether known or,unknovvn,_foreseen or nforeseen, relating in any way to or arising out of: [i] AGENCY's acquisition .6f�the Property, and/or [ii] any damage to the remaindeFincurred as ai,result of AGENCY's acquisition of TENANT's interests in the Property and the Improvements and/or construction of the Project for which the interests in Prop°erty and the Improvements are being acquired. In that regard, TENANT, on behalf of itself and its successors and assigns, knowingly and voluntarily and specifically waives and releases AGENCY, and any and all of AGENCY's employees, agents, officers, servants, representatives, contractors, attorneys and assigns, from liability as to the LA #4846-9277-5939 v 4 15 following: precondemnation damages; severance damages; leasehold bonus value; relocation assistance and compensation under applicable provisions of, inter alis, the Uniform Relocation Assistance and Real Property Acquisition Policies Act (42 U.S.C. §§ 4601 et seq.), California's Relocation Assistance Act (Gov. Code §§ 7260 et seq.), California regulations, federal regulations and AGENCY relocation guidelines; compensation for lost business goodwill and/or lost profits; lost rents; damage or loss of improvements pertaining to the realty, machinery, fixtures, inventory, equipment and5personal property; any rights arising under Code of Civil Procedures sections 1245.245 and 12637.615 and My' 1263.025; interest; and attorney's fees, expert"fees or any litigation expenses and/or costs. WAIVER OF CODE OF'CIVIL-PROCEDURE X1542 With res ct?toeach of the release`s' set forth in this Agreement, TENANT acknowledges, tha�f4,,Jt is familiar With the provisions of California Civil Code Secti'6Q.542, which—is expressly understood by each party hereto to provide as follows: "CERTAIN [,CLAIMS NOT AFFECTED BY GENERAL RELEASE P A general release does not extend to claims which the ► CREDITOR DOES NOT KNOW OR SUSPECT TO EXIST IN HIS OR HER FAVOR AT THE TIME OF EXECUTING THE RELEASE, WHICH IF KNOWN BY HIM OR HER MUST HAVE MATERIALLY AFFECTED HIS OR HER SETTLEMENT WITH THE DEBTOR." TENANT being aware of Section 1542 hereby expressly waives any and all rights it may have thereunder, as well as under any other statute or common law principles of similar effect. LA #4846-9277-5939 v 1 5 16 I HAVE READ AND UNDERSTOOD THE FOREGOING WAIVER OF RIGHTS UNDER CIVIL CODE SECTION 1542. TENANT Initials 7. RIGHT OF ENTRY TENANT hereby grants permission toy AGENCY and/or its employees, contractors, agents and assigns, to entef=uj�on the Property for the purpose of determining the presence of hazard"o_us "materialsnd for any other pre -demolition coordination activities that. -may be necessary thereto,provided that such entry into the Property shall be preceded by twenty (24) hours written Notice of Intent to Enter delivered to TENANT, and AGENCY shall not commence demolition or removal oQ,lmproments prior to the Vacation Date. The right of entry permission granted ,' rein shalllcontinue in effect until the Vacation Date. " AGENCY shall indemnify, defend and hold the TENANT q; harmless from, -and against --any 7damages, liabilities, judgments, claims, expenses, and penalties resultingfrom AGENCY's use of this right of entry by �° igen AGENCY;and its agents contractors, and employees. 8. 'IN0.OTHER OCCUPANTS TENANT warrants that, excepting any leaseholds related to outdoor advertising structures, TENANT is the only occupant of the Property, and there are no claims to occupancy or possession of the Property by any other lessee, occupant or other third party. Likewise, TENANT agrees not to assign, transfer or sell to any third party any right, title or interest TENANT has in the Property. In the event that after the Vacation Date, AGENCY is required to take action, legal LA #14846-9277-5939 v 1 6 /7 or otherwise, to remove any lessee, occupant or third party from the Property (excepting leaseholds related to outdoor advertising structures), any and all attorneys' fees and costs incurred by AGENCY as a result of such action may be sought from TENANT by AGENCY. 9. COURT ACTION AGENCY agrees to dismiss TENANT from 'the- Eminent Domain Action, and further agrees that the court shall retain: jurisdiction of the Parties in regard to the Eminent Domain Action after such dismissal pursuant to Code of Civil Procedure section 664.6 to enforce thperms o,1 this Agreerrient='including, but not limited to, AGENCY's right as stated ffi!4 action 2 of this Agreement to qe obtain and have issued a Writ of Assistance. 10. ENTIRE AGREEMENTI" This Agrem n contains the entire agreement and understanding among the Partiesi-51heretoand supersedes and replaces all other prior iv negotiations"; proposed agreements nod agreement, written and oral. The ., Parties further declare. and Iepresent that no promise, representation or agreement not herein expressed has been made. t, 11. CONSULTATION WITH LEGAL COUNSEL All Parties to this Agreement represent that each has consulted with independent legal counsel and each has secured independent advice concerning every aspect of this Agreement and the rights and liabilities each is hereby relinquishing. 12. REMEDIES LA #4846-9277-5939 vl 7 0 AGENCY or TENANT may pursue any and all available legal and/or equitable remedies to enforce the terms and conditions of this Agreement including, but not limited to, an action for specific performance. In the event of a breach, any forbearance on the part of any party to enforce the terms and provisions hereof shall not be deemed a waiver of enforcement rights regarding any subsequent breach. 13. ATTORNEYS FEES AND COSTS Except as otherwise set forth in�.this Agreement, °each party hereto shall bear their own respective legal fees-, expert fees -and litigati r costs arising out of any and all claims which have been settled by the terms of this Agreement. t.. In the event an action or proceeding jis brought to enforce the terms of this � Agreement, the prevailing party shall be entitled=�to,.recover costs and attorneys' fees for that action.-- 14. ction.-14. AMENDMENTS' • 7 Noamendment, modification, waiver or termination of this Agreement shall be bihding unles"s"executed in writing by the Parties to be bound thereby. 15. The Parties agree that this Agreement was jointly prepared through negotiations of the Parties and the provisions of the Agreement are not to be strictly or liberally construed for or against any of the Parties. 16. AUTHORITY LA #4846-9277-5939 v1 8 The Parties represent and warrant that they have not assigned to any other entity, and have the authority to enter into, release and waive, all of the matters, rights and claims as set forth in this Agreement. 17. COUNTERPARTS AND FACSIMILE SIGNATURES The Parties agree that this Agreement may be executed in counterpart and that each fully executed copy of the�Agreement shall have the a r same binding force and effect as an original. .The Parties further agree that facsimile signatures shall have the same force and effect as original signatures. 18. NOTICES All notice or other communications requed or permitted hereunder shall be in writing,and shall be ersonall k delivered or sent b registered or P Y ,� � Y 9� certified mail, postage -prepaid, return receipt requested, delivered or sent by _� `-=: telex, telecopy di overnight courier and shall be deemed received upon the earlier of (i)Afwpersonally--delivered��the date of delivery to the address of the '*. person to receive such :notice; ; if mailed, three (3) business days after the date of posting by the United States' Post Office, (iii) if sent by overnight courier, when delivered to the specifi id?address, or (iv) if given by telex or telecopy, when sent. Any notice, request, demand, direction or other communication sent by telex or telecopy must be confirmed within forty-eight (48) hours by letter mailed or delivered in accordance with the foregoing. To AGENCY: Armine Chaparyan Barbara Blankenship City of Santa Clarita 23920 Valencia Blvd., Suite 300 LA #4846-9277-5939 vl 9 0 Santa Clarita, CA 91355-2196 (661) 284-1431 fax With a copy to: Carl K. Newton, Esq. Alan A. Sozio, Esq. Burke, Williams & Sorensen, LLP 444 S. Flower Street, 24th Floor Los Angeles, CA 90071 (213) 236-2700 fax To TENANT: Richard Guirlinger Vice President, Strategic P,lann General Parts, Inc. dba,GARQ� 2635 E. Millbrook Road''' Raleigh, North Carolina -,27604 (919) 573-3560 fax bw and to y " r Tim Pfeiffer Field Dirrectc General Ri dba CARQL 408 Inverne m!:!—:St. Peter, M LA #4846-9277-5939 vl a� t & Analysis ST Auto Parts New Store Development Inn_ " STXuto. Parts s Lane- 1, 56082 fax V James A. Germann °Vice President, Real Estate General Parts, Inc./Auto Parts Wholesale `0� 440`1 Atlantic Avenue Raleigh, NC 27604 (919) 573-3557 fax 10 IN WITNESS WHEREOF, the Parties have caused this Agreement to be signed on the day and year mentioned hereunder. 0 Title: Dated: ("TENANT"): A By: _ Title: Dated: ("TENANT"T' if SANTA CLARITA REDEVELOPMENT AGENCY ("AGENCY"): By: Title: Dated: ATTEST: By: Title: Dated: LA #4846-9277-5939 v1 11 EXHIBIT "A" LIST OF IMPROVEMENTS TO BE ACQUIRED LA #4846-9277-5939 v) 12 fit LA #4846-9277-5939 v) 12