Legislation Details

File #: 21-992    Version: 1 Name: Dayco Funding Corporation, et al. Settlement Agreement
Type: Resolution Status: New Business
File created: 3/12/2025 In control: City Council
On agenda: 3/18/2025 Final action:
Title: Dayco Funding Corporation, et al. Settlement Agreement Recommended Action: It is recommended that the City Council approve the attached settlement agreement in the pending litigation matter Dayco Funding Corporation, et al. v. City of Hesperia (SBSC Case No. CIVSB2307020) regarding the development of approximately 40 acres of vacant land along the south side of Mojave Street between Topaz Avenue and Datura Road in the City of Hesperia, CA 92345, identified as Assessor's Parcel Numbers 0405-261-15,16,17,18, 27, 28, 29 & 30- 0000 (the "Property").
Sponsors: Pam K. Lee
Attachments: 1. SR Dayco Funding Corporation Settlement Agreement 3-18-2025, 2. Attachment 1 - Settlement Agreement and General Release
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Title Dayco Funding Corporation, et al. Settlement Agreement

 

Recommended Action:

 

It is recommended that the City Council approve the attached settlement agreement in the pending litigation matter Dayco Funding Corporation, et al.  v. City of Hesperia (SBSC Case No. CIVSB2307020) regarding the development of approximately 40 acres of vacant land along the south side of Mojave Street between Topaz Avenue and Datura Road in the City of Hesperia, CA 92345, identified as Assessor's Parcel Numbers 0405-261-15,16,17,18, 27, 28, 29 & 30- 0000 (the "Property").