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Res 84-048RESOLUTION NO. 84-048 RESOLUTION OF THE CITY COUNCIL OF THE CITY OF POWAY ADOPTING A SETTLEMENT AGREEMENT AND MODIFIED SUBDIVISION IMPROVEMENT AGREEMENT WITH POWAY PARK, INC. WHEREAS, the City of Poway has been involved in litigation entitled "Poway Park, Inc. v. City of Poway, et. al., North County Superior Court Case No. N2096," and WHEREAS, The City of Poway and Poway Park, Inc., have entered into good faith negotiations, and WHEREAS, an agreement has been reached which is mutually acceptable to both parties, and WHEREAS, the major point of contention in the litigation was the subdivision improvement agreement required by the City of Poway as a condition of approval of the final map for the subdivision known as T.M. 3545-1. NOW, THEREFORE, BE IT RESOLVED, by the City Council of the City of Poway that: The City accept the Settlement Agreement as adequate resolution of pending litigation with Poway Park, Inc. This Settlement Agreement shall represent the action agreed to in its entirety. The City agrees to substitute the Modified Subdivision Improvement Agreement as presented, for the Standard Agreement for Construction of Public Improvements executed July 6, 1982, as the sole agreement binding Poway Park, Inc. as "Owners", to construct the public improvements referred to in the original improvement agreement. 3. The City Clerk shall execute those documents on behalf of the City. APPROVED AND ADOPTED by the City Council of the City of Poway, California at a regular meeting thereof this 12th day of June, 1984. ATTEST: Mar~o~e K. Wahlsten, City Clerk