City Council Approves Gold Line Settlement in Unanimous Vote

The Monrovia City Council approved the settlement agreement in a unanimous vote Monday, clearing the way for the city's planned Station Square Transit Village project to move forward.

The Monrovia City Council voted 4-0 Monday to approve a settlement agreement that will hand over land and more than $600,000 to a local developer to end litigation over the development of land around the coming Gold Line Foothill Extension.

The agreement settles a $106 million lawsuit filed by Samuelson & Fetter over property that will be incorporated in the Station Square Transit Village project along the Gold Line.

The agreement calls on the city to pay the Samuelson & Fetter $2.78 million and then sell a lot of land east of Magnolia Avenue and south of Pomona Avenue to the developer for the exact same amount. Additionally, the city must pay $510,000 to the developer and up to $100,000 for environmental insurance premiums on the land, according to the settlement agreement.

The agreement will go before a judge later this month and then must be approved on Wednesday by an oversight committee set up to handle the finances of the successor agency to the Monrovia Redevelopment Agency. The state Department of Finance must also sign off on the agreement.

Dan Crandell February 13, 2013 at 05:00 AM
Tom does this involve ALL the area between Magnolia east to Primrose and Pomona south to the tracks? If so why is it only valued at 2.78 mill ? I would think it near 7 mill. Does Monrovia still own the station property? Will the planned improvements remain as Mayor Lutz outlined them during her SOTC address? BTW TOM ... When Smash Burgers comes to town I want to treat you to one of their great burgers. Deal?
Tom Adams February 13, 2013 at 06:26 PM
Dan, thanks for the invite to Smash Burgers, I'll take you up on that! As for the land, it is approximately half on the land north of the tracks, south of Pomona, east of Magnolia and west of Primrose. The other half will be the parking garage for the Gold Line. Monrovia has never owned the land under the current station, it belongs to Metro. As for the improvements, since we just settled this there are no plans yet for the development, hopefully they will come soon but not as the expense of quality!
Dan Crandell February 13, 2013 at 07:25 PM
Half the property at about half the value. Makes since to me. Who has the contract to built the parking structure? I look forward to the opening of Smash Burgers here in our beautiful hometown and watching you enjoy their great product. Thanks Tom
Tom Adams February 13, 2013 at 11:03 PM
Dan, the parking structure will belong to the Gold Line folks and they will build it. Smash Burgers here we come!
sayitisntso February 13, 2013 at 11:31 PM
What! No Smash Burger invites for Cyrus!


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