SAGE RESTAURANT GROUP LLC (SONNY SASSPAL, INDIVIDUAL/PRINCIPAL) SUBWAY - 2013

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A-2013-050 SETTLEMLNT AGREEMENT .AND GENERAL RELEASE I his Settlement Agreement and General Release ("Agreement") is entered into as ofthe dae of March, 2013. for reference purposes only, by and between Sage Restaurant Group, LLC and Sonny Sasspal, individually and as a principal of sage Restaurant Group, LLC (collectively the "Business Owm,rs") and the City of Santa Ana, a charter law city and municipal corporation ("City"). The Busim ss Owners and City are vinctuncs rcten'ed tojointly as the "Parties." RF.CLTALS WI IFREAS, CI"fY is undertaking a transportation improvement project generally identified as the Grand Avenue Widening Project (the "Project") which is intended to advance public safety and convenience by decreasing tniftic congestion through the widening of'Orand Avenue between First and I;ourth Streets in the City ot.Sania Ana: WHEREAS, CITY (tirc?1R.%Ld A.ssesx)r Parcel Nos. 398-45412 and ')98-454-13. which properly is improved by a comn'-ercial retail building and parking lot located at 1221 East First Street. City of Santa Ana. Cakfirrnia 92 7()l (the "Subject Property"): WHE.RFAS, the Business Owners arc currently in possession ofa portion of the Subject Properly commonly describec as 1221 Fast First Street. Strata Ana. California 93701 (the "Leased Premises'); WHEREAS, the Business Owners operate a Suhway restaurant on the Leased Premises identified as Subway # 3110' (the "Business")_ WHEREAS the consa.iction and use afthe Pr0je0 in the manner proposed may disrupt ingress and egress to and par-kii far the Leased Premises causing the Planes to conclude that the Business will not be viable during and alier the construction and use of Cl FY's Project. WH F,REAS the Partic i wish to avoid the cost oflltigation and, instead, resolve Nty and all disputes. issues and claims re?ultutg from or arising out of the activities of CITY stenurung from the Project, the termination o fthe lease to the I eased Premises. the timing of possession and the relocation of the Business a, more particularly described in the release section ol'this Agreement: W1 IFREAS, the Pari ies wish to resolve this matter in a manner that is mutually beneficial to loth Parties; NOW, I H7::REFORE 1 1 IS 111iRFBY AGREED AS FOLLOWS: The recitals !et forth above are true, correct and incorporated herein by this reference. 3612:25.2