Relocation Settlement
Relocation Settlement
Relocation Settlement
This Agreement ("Agreement"), dated for reference purposes only, August 25,
2017, by and between the LOS ANGELES COUNTY METROPOLITAN
TRANSPORTATION AUTHORITY, a public agency existing under the authority and
laws of the State of California, hereinafter referred to as LACMTA and LEONARDO
PENA AND ELIZABETH (dba the Juices Fountain), hereinafter referred to as
Tenant. LACMTA and Tenant are hereinafter sometimes referred to collectively as the
"Parties".
RECITALS
WHEREAS, LACMTA, as Lessor and Tenant entered into that certain Lease
Agreement (hereinafter, the Lease dated February 25, 1994 August 2, 1993,
concerning the premises located at 1616 North Vine Street, Los Angeles, California,
and more particularly shown in Exhibit A which attached hereto (the Property).
WHEREAS, LACMTA has notified Tenant that the Lease will be terminated effective
September 8, 2006 in accordance with the terms of the Lease (the Lease Termination
Date)
3. Tenant represents and warrants to LACMTA that it will vacate the Property on or
before October 15, 2006 (the Vacation Date), Tenant will completely vacate the
Property and removed all its removable personal property, trade fixtures,
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furniture and equipment from the Property, except for those items described in
Exhibit "B" attached here to and returned possession of the Property to
LACMTA.
4. Upon the Vacation Date, Tenant hereby transfers any right, title and interest in
the Property, the Lease and the fixtures and equipment described in EXHIBIT
"C" to LACMTA, and warrants all to be free and clear from any liens or
encumbrances, including any refrigerants or any other toxic or hazardous
materials, which have been removed and disposed of in accordance with
applicable regulations.
5. Release
(a) Tenant for itself, its agents, assigns and related entities, fully releases,
acquits and discharges LACMTA, and the officers, directors, employees,
attorneys, accountants, other professionals, insurers and agents of
LACMTA (collectively "Agents") and all entities related to LACMTA, from
all rights, claims, demands, actions or causes of action which Tenant now
has or may have against LACMTA arising from the acquisition of the
Property, the Lease, or otherwise, including, but not limited to, any claim
to relocation assistance, relocation benefits or compensation for property
or goodwill from the LACMTA.
(b) This release is intended as a full and complete release and discharge of
any and all such claims that Tenant may or might have against LACMTA
and its related entities arising from the facts and circumstances described
above in this Agreement. In making this release, Tenant intends to
release LACMTA, its related entities and agents from any liability of any
nature whatsoever, for any claim or injury, or for damages or equitable or
declaratory relief of any kind, whether the claim, or any facts on which
such claim might be based, is known or unknown to the party possessing
the claim. Tenant expressly waives all rights under Section 1542 of the
Civil Code of the State of California, which Tenant understands provides
as follows:
(c) Tenant acknowledges that it may hereafter discover facts or law different
from or in addition to those which it now believes to be true with respect to
the release of claims. Tenant agrees that the foregoing release shall
remain effective in all respects, notwithstanding such different or
additional facts or law, or any party's discovery thereof. Tenant shall not
be entitled to any relief in connection therewith, including, but not limited
to any damages or any right or claim to set aside or rescind this
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Agreement.
(d) No party nor any Agents nor any related entities have made any
statement or representation to any other party regarding any fact relied
upon in entering into this Agreement, and each party expressly states it
does not rely upon any statement, representation or promise of any other
party or any party's Agent or related entities in executing this Agreement,
except as is expressly stated in this Agreement. Each party to this
Agreement has made such investigation of the facts and law pertaining to
this Agreement, and of all other matters pertaining thereto, as it deems
necessary, and has consulted with legal counsel concerning these
matters.
6. Attorney's Fees - In the event of litigation any dispute relating to this Agreement,
the prevailing party shall be entitled to reasonable attorneys' fees and costs.
8. Necessary Acts Each party to this Agreement agrees to perform any further
acts and execute and deliver any further documents that may be reasonable and
necessary to carry out the provisions of this Agreement.
9. Parties Have Not Transferred Right Or Claims - The Parties hereto each
represent and warrant to the other party that they have not assigned, transferred
or subleased to any third party any of the rights, claims, causes of action or
items to be released or transferred which they are obligated to transfer or
release as part of this Agreement.
10. Authority To Execute This Agreement Each person executing this Agreement on
behalf of an entity, other than an individual executing this Agreement on his or
her own behalf, represents that he or she is authorized to execute this
Agreement on behalf of said entity.
11. This Agreement contains the entire agreement of the parties hereto, and
supersedes any prior written or oral agreements between them concerning the
subject matter contained herein contained herein.
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IN WITNESS WHEREOF, the parties to this Agreement have executed this Agreement
as of the date first written above.
TENANT
By: __________________________________
By:__________________________________
Title: ________________________________
Date: _________________________________
LACMTA
COUNTY COUNSEL
Date: ________________________________
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EXHIBIT "B
LIST OF ALL FIXTURES AND EQUIPMENT TO BE TRANSFERRED