Monrovia Reaches Lawsuit Settlement That Would Pay Developer $610,000

 

The City Council will decide Monday whether to enter into a settlement agreement that would compel the city to pay Samuelson & Fetter $610,000 and sell the developer a plot of land for $2.78 million.
The council will consider the terms in a special meeting after they were agreed to by attorneys for both parties. The council must still vote to approve the agreement, which must then be approved by a judge.
The agreement calls on the city to sell a lot of land east of Magnolia Avenue and south of Pomona Avenue to Samuelson & Fetter for $2.78 million. Additionally, the city must pay $510,000 to the developer "as specified in the [Disposition and Development] agreement" and up to $100,000 for environmental insurance premiums on the land, according to the settlement agreement.
The settlement agreement stems from a $106 million lawsuit filed by the developer against the city in August alleging the city breached a development contract. The land specified in the agreement will be developed as part of the Station Square Transit Village project and will house a Gold Line parking facility.
City Manager Laurie Lile and Blaine Fetter, a principal at Samuelson & Fetter, could not be immediately reached for comment on this story.