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PROPERTY including without limitation, residential relocation, furniture, fixtures and <br />equipment, business relocation, loss of business goodwill and the purchase of the real <br />property in a global settlement. The PARTIES acknowledge that they are waiving <br />significant legal rights and/or claims by entering into this AGREEMENT. Each PARTY <br />has consulted with legal counsel, has a full and complete understanding of the terms and <br />legal effect of the AGREEMENT, and intends to be bound thereby. <br />TERMS OF AGREEMENT <br />1. Payment: The CITY shall pay ROSALES AND GONZALES the grand total sum <br />of $1,971,500.00 (One Million Nine Hundred Seventy -One Thousand Five Hundred Dollars) in <br />full settlement as allocated and subject to the provisions below and those in paragraph 2: <br />4535406.1 --N1475.1 <br />a. CITY shall pay to ROSALES the sum of $626,500.00 (Six Hundred and <br />Twenty -Six Thousand Five Hundred Dollars) as the final total compensation <br />for the acquisition of the subject DENTIST PROPERTY. <br />b. CITY shall pay to GONZALES the stun of $586,500.00 (Five Hundred and <br />Eighty Six Thousand Five Hundred Dollars) as the final total compensation <br />for the acquisition of the subject OPTOMETRIST PROPERTY. <br />c. CITY shall pay jointly to ROSALES AND GONZALES the sum of $237,000 <br />(Two Hundred and Thirty -Seven Thousand Dollars) as full payment for <br />relocation benefits. <br />d. CITY shall pay jointly to ROSALES AND GONZALES the sum of $350,000 <br />(Three Hundred and Fifty Thousand Dollars) for the value of the loss of <br />business goodwill for both businesses combined. <br />C25) V -PA <br />