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Tiedeman, 11355 and 11555 Settlement Agreement Alo CITY OF TIGARD, OREGON Ipt PASCUZZI SETTLEMENT AGREEMENT THIS SETTLEMENT AGREEMENT BETWEEN THE CITY OF TIGARD AND PASQUALE PASCUZZI, OWNER OF GABRIEL INVESTMENT, LLC, AND PASCUZZI INVESTMENT, LLC, IS EXECUTED ON THIS DAY, /de, .► r1 ,TO RESOLVE MATTERS INVOLVING PROPERTY OWNED 1Y GABRIEL INVESTMENT, LLC, AND LOCATED AT 11535 AND 11555 SW TIEDEMAN AVENUE. RECITALS: The City of Tigard served Gabriel Investment, LLC, with a notice of violation at 11535 and 11555 SW Tiedeman Avenue in December 2004 (case numbers CEO2004 -00387 and CEO2004- 0387A) for violating the City's Development Code by converting a single - family home to an office building without an approved Site Development Review. On December 4, 2006, Pasquale Pascuzzi filed two Measure 37 claims on behalf of his companies, Gabriel Investment, LLC, and Pascuzzi Investment, LLC, concerning the properties at 11535 and 11555 SW Tiedeman Avenue (case number M372006- 00009) and 10250 SW North Dakota Street (case number M372006- 00008), requesting the City of Tigard to waive or suspend any and all City regulations in its Comprehensive Plan, Community Development Code and Transportation System Plan imposed on the subject properties after acquisition by the owners. THEREFORE, IN CONSIDERATION OF THE MUTUAL BENEFIT OF A FAIR AND TIMELY RESOLUTION OF THIS MATTER BOTH PARTIES AGREE TO THE FOLLOWING SE ITLEMENT TERMS: SECTION 1. The City of Tigard shall permanently rescind the above referenced violation issued at 11535 SW Tiedeman Avenue and 11555 SW Tiedeman Avenue and pledge that no further action be taken or be required by Gabriel Investment, LLC, relative to existing development to satisfy regulations in the City's Comprehensive Plan, Community Development Code, Transportation System Plan and /or Municipal Code, thereby having no reason to enforce any regulations on behalf of Clean Water Services or Washington County. SECTION 2. Gabriel Investment, LLC, and Pascuzzi Investment, LLC, shall withdraw their Measure 37 claims (M372006 -00009 and M372006- 00008, respectively) and pledge to comply with all applicable regulations in place at the time the Measure 37 claim was filed (December 4, 2006) in the City of Tigard's Comprehensive Plan, Community Development Code, Transportation System Plan and /or Municipal Code, as well as regulations enforced on behalf of Clean Water Services or Washington County, when redevelopment occurs on the subject properties. SECTION 3. The City of Tigard shall refund Gabriel Investment, LLC, and Pascuzzi Investment, LLC, the fee of $1,000 for each Measure 37 claim. Page 1 of 2 SECTION 4. Gabriel Investment, LLC, expects redevelopment ol�.*.cir properties at 11535 SW Tiedeman Avenue and 11555 SW Tiedeman Avenue to occur when existing leases on the properties terminate; however, the redevelopment shall be at the sole discretion of Gabriel Investment, LLC, at a time of its choosing and upon careful evaluation of future financial and market conditions. Moreover, Gabriel Investment, LLC, as well as Pascuzzi Investment, LLC, shall work with the City and Community Development staff to develop their properties in a way that is consistent with the regulations in place at the time the Measure 37 claim was filed (December 4, 2006) and mutually beneficial to the community and owners. SECTION 5. This agreement is effective upon approval by City Council. CITY OF TIGARD I B' 1 STMENT, LLC j�� • Tom Coffee Pas tr . '.fizz* Community Development Director Managing Member CITY : t 'ASC IMVESTMENT, LLC Ill _ ' • �� /LA1- L1. f& ii . ■ Craig P sser Pas VI . if d Ci Mana er Mana n N - mb tY g � g APPROVED B Y TY C/ CIL: Crai• 4 irksen Mayor Page 2 of 2 , Date /Time iiii , Stamp r :,, t 4 4PC" 41 4 New Records Transmittal Form Department: Community Development - Account: 2230 Date: 3/29/07 Current Planning Prepared by: Cathy Wheatley Extension: 2410 Description: Date: Retention Retention Record Series From - To Code: Period: Title: Settlement Agreement - Pasquale 3/27/07 166 - 200 -0135 Permanent Property Dedication Pascuzzi - Measure 37 Claim - (17) Records Agreement was approved by the Tigard City Council on March 27, 2007 - Record need to be kept permanently ropy io St(oJ v) M v - 774(c wEA) i 1/Ul T CJ c Co P : * ** TO BE COMPLETED BY RECORDS DIVISION STAFF * ** Received by: J �� , Date Medium: Received: Clerk's Index: Date of Copy Sent To: Yes No ❑ Entry: / Vilio7 Date: rcv.1 /30/07