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Gary Rinehart <br />July 11, 1983 <br />Page 2 <br />5, Parcel D shall be condemner] to the City, s use for <br />total conIponsation of $88, 774 - 00, which shall be <br />proratocl between the property owners and the <br />beneficiaries under the deed of trust. <br />G. 111rw C.iLy will pay tY►e property owner $20,230.00 as <br />compensation for Parcel C. <br />7. Thu City will pay the property owners $10,000.00. <br />g. Mr. Lersehen will waive his claim for lobs of business <br />goodwill but will rULain all rights to relocation <br />assistance. <br />Interest on the compensation payable and t <br />9.he <br />construction 0a6e111eni:s on parcels A & 13 shall accrue <br />aecoroing to law and your clients' ordinary costs <br />shall be reimbursed by the City. <br />10. Taxes shall be prorated from the date of possession. <br />As an LUAU project, it is preferable that the terms of the <br />stipulated <br />settlement be containea ceifyouare dnot nin agreet. $entdwith <br />,Ile at your earlicsL conveni <br />objoct <br />the above setLlojj et LermslOr f judgulent, I twill eadviso youtwhon <br />being effectuated by <br />we have received PAU approval. <br />Very/Jtruly yUliria, <br />even R. Meyers <br />City Attorney <br />SRM/Li1S/cda <br />Attachment <br />CC. Curt Luck <br />