At a special meeting on Monday, Feb. 11 at 7 p.m. (agenda: http://goo.gl/su0F7 ) the Monrovia City Council will consider a proposal to end some lawsuits against the city related to development around the Gold Line.
The proposed agreement is a bit of a monster, but here it is if you want to look ( http://goo.gl/g1kmY ), however, the main points seem to be that Samuelson & Fetter, LLC, will ...
- Get to buy a chunk of land near the new rail station for $2,780,000.
- Get $510,000 from the city, of which $110,000 will go to pay city development fees.
- Be reimbursed by the city for its environmental insurance costs on the land.
- Get street improvements from the city on the streets around the property.
- Brad Haugaard
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