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RANCHO PALOS VERDES CITY COUNCIL MEETING DATE: 04/18/2017 <br />AGENDA REPORT AGENDA HEADING: Regular Business <br />AGENDA DESCRIPTION: <br />Consideration and possible action to approve a Settlement Agreement with Vista Verde <br />Homeowners. <br />RECOMMENDED COUNCIL ACTION: <br />(1) Approve the Settlement Agreement with Vista Verde Homeowners <br />FISCAL IMPACT: $515,000 bE— <br />Amount Budgeted: 0 <br />Additional Appropriation: $515,000 <br />Account Number(s): 101-400-2999-4901 <br />ORIGINATED BY: David Aleshire, City Attorney <br />REVIEWED BY: Same as above <br />APPROVED BY: Doug Willmore, City Manager; `X/ <br />ATTACHED SUPPORTING DOCUMENTS: <br />A. Settlement Agreement (page A-1) <br />• Covenant and Release Agreement No. 1 (page A-14) <br />• Third Amendment to Vista Verde Declaration of Covenants, <br />Conditions and Restrictions (page A-17) <br />• Joint Public Statement Between the City of Rancho Palos Verdes <br />and the Residents of Vista Verde Condominiums (page A-23) <br />INTRODUCTION AND SUMMARY: <br />The 25 -unit Vista Verde Condominiums ("Vista Verde") was built in 1981 and have <br />administratively challenged various City approvals in connection with the Green Hills <br />Memorial Park since at least 1991. Recent disputes arose after the 2007 approval of <br />the Master Plan and Conditional Use Permit which allowed the 3 -story Pacific Terrace <br />Mausoleum ("Mausoleum") to be built within 8 feet of the property line adjacent to Vista <br />Verde. The Mausoleum has rooftop plots and the view blockage and conduct of burial <br />services is a disturbance to the Vista Verde Owners. However, the Vista Verde Owners <br />did not timely appeal or challenge the 2007 City approvals. Moreover, as of November <br />2015, Green Hills calculated the cost to remove and relocate the Mausoleum at $14 <br />million and has collected another $14 million for the plots sold. In 2015 the Vista Verde <br />Owners filed three lawsuits against the City, amongst other things seeking over <br />$16 million in damages. <br />01203.0025/365378.2 <br />1 <br />