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00-1151Council File # �O � \l51 ORIGI �,�L Presented By Referred To RESOLUTION CITY OF SAINT PAUL, G] Green Sheet # I o �( S.4 3 f, Date 1 WHEREAS, the City Council originally adopted Council File # 00-899 on September 27, 2000, 2 which gave the property owner 15 days to repair or remove the nuisance structure located at 414 3 Edmund Avenue in St. Paul; 4 WHEREAS, the property owner petitioned for and received a Writ of Certiorari from the Court of Appeals; 10 11 12 13 14 15 16 17 18 19 20 21 22 WHEREAS, the City is currently stayed from demolishing the structure located at 41A Edmund Avenue in St. Paul until resolurion of the Writ of Certiorari; WHEREAS, since the passage of the resolution, the property owner has entered into a purchase agreement with an individual who is willing to pay the vacant building fees, pull permits and rehabilitatethe structure; WHEREAS, the City Council is desirous of having the nuisance property rehabilitated without fiirther expenses associated with litigation; BE IT RESOLVED, that the Saint Paul City Council hereby approves the contents of the attached Settlement and Release Agreement and authorizes the City Attorney and/or his duly authorized representative and a representative from vacant buildings to sign and execute the attached agreement. Adoption Certified by Council Secretary By: Approved by Mayor: Date e[s Go 2�� By : ��� � Requested by Department of: c� c� c � Ccfv� ��/+��__ B ��� ��� l Foxm Approved b City Attorney f � , (/ �n 9 `r Bp: (��/� kJ / . , (f '. 7 Approv May r for Submission to Council By: Adopted by Council: Date �s.c., �TC�C� On-tL51 �,�a�� 11/30/00 TOTAL # OF SIGNATURE PACaER GREEN SHEET �...,�� No 1 C !� ? � 3 �� ❑ �..,� ❑ a,.� _ ❑ .,�..�, � ❑ .,�.,�,�.a ❑MYORI�At9�TMI1) ❑ (CLIP ALL LOCATIONS FOR SIGNATUREy Resoiution Approvi� a Settlement Agreement Between the City of St. Paul and Ford Cons�er Finar�ce Industrial Loan Company. PLANNING CAMMISSION CB COMMITTEE CIVIL SERVICE CAMMISSION tws mis ae�soNrrm e�.er workea unaer e canha.t rw mu depammem7 YES NO Fiaa thia P�eoNfirm ever been a dtY emWuYee4 vES NO Ooes thie Pecsonlfi�m P� a sWL rot rn�malbP�� M' �Y cumeM city emWoYee4 VES NO Is thie perBOrJfiim a terpeted vendoR YES NO Ford Filed a writ of Certiorari against the City ny_��.cr.r�a.� Settles case< property rehai�ilitated. None Continuous lit�qation and nuisance property remains TRANSACTION sourtce N/A INFORMATON (IXPWNJ COST/REVFNUE BUDfiETm (CIRCLE ON� , YES NO ACTIVI7YNUMBER B� R�SB�uSC�! f;��i�i�C Oa-l�s� STATE OF 1VTINNESOTA IN COURT OF APPEALS Ford Consumer Finance Industrial Loan Company, a Minnesota corporation, n/k/a Associates Home Equity Industrial Loan Company, a Minnesota corporation, Relator, vs. City of Saint Paul, Respondent. SETTLEMENT AND RELEASE AGREEMENT Court of Appeals Case No. CX-00-1919 This Settlement and Kelease Agreement is effective as of December _, 2000 between Relator Associates Home Equity Industrial Loan Company (f/k/a Ford Consumer Finance Industrial Loan Company (hereinafter "Associates"), Respondent City of St. Paul (hereinafter "City"), and Sundiata Menelik. RECITALS WHEREA5, this appeal involves the real properry located at 414 Edmund Avenue, City of St. Paul and is legally described as: Lot 22, Block 9, Smith Subdivision of Stinson's Division of the Northwest 1/4 of Section 36, Township 29, Range 23, County of Ramsey, State of Minnesota ("subject property"). 00 -��s � WfIBREAS, on or about January 26, 1995, Leone Medin executed a Mortgage on the subject property in favor of Ford Consumer Financial Industrial Loan Company which was filed for record in the Office of the Ramsey County Recorder on March 24, 1995 as Document Number 2860934. WFIEREAS, Leone Medin subsequently defaulted on the mortgage payments. WHEREAS, Associates was unable to compel Leone Medin to make the required repairs in order to comply with the City Code. WHEREAS, the City of St. Paul intended to demolish the aforesaid subject properiy as a result of the failure to rectify the code violations. WHEREAS, on September 27, 2000, a Hearing was held before the City Legislative Hearing Officer who concluded that the subject property comprised a nuisance condition which necessitated the demolifion and removal of the building on the subject properry. WIIEREAS, the St. Paul City Council accepted the Legislative Hearing Officer's Findings and Order and passed a Resolution, dated September 27, 2000 requiring the demolition of the subject property. WHEREAS, the Mayor signed the Resolution on October 4, 2000. WHEREAS, prior to the signing of the Resolution, Associates began the process of foreclosing the property by advertisement. WHEREAS, Associates purchased the subject property at the Sheriff s Sale which was held on August 31, 2000 and that said purchase was contingent upon the expiration of the five- week redemption period. 2 oo-��st WHEREAS, the fee title to the property did not vest in the name of Associates unril October 2000. WHEREAS, Associates filed a Writ of Certiorari, Petition and a Morion with the Court of Appeals requesting that the demolition be stayed. WHEREAS, the City consented to a temporary stay of the demolition. WI Associates has entered into a Purchase Agreement dated November 2, 2000 for the sale of the property to Sundiata Menelik. WHEREAS, Sundiata Menelik has examined the results of the Code Compliance Inspection Report as stated in the letter from Donald F. Wagner, Building Inspector, dated July 7, 2000. A true and accurate copy of said Code Compliance Report is attached as E�ibit A. WHEREAS, Sundiata Menelik is a housing contractor and intends to rehabilitate the subject property and to bring it into compiiance with City Code. WHEREAS, Associates and the Ciry are desirous of avoiding fiu•ther expenses relative to the litigation of this matter. WHEREAS, it is in the best interest of all of the parties to rehabilitate the subject properry within a reasonable time to ensure that the subject properry remains on the tax rolls of the City. AGREEMENT In consideration of the mutual covenants expressed and agreed to, Associates Home Equity Industriai Loan Company, the City of St. Paul, and Sundiata Menelik agree as follows: 1. City of St. Paul's Obiieations. The City of St. Paui agrees to cease all efforts ta demolish said properiy provided that Sundiata Menelik purchases the properiy and uses his best Oo -�\sl efforts to rehabilitate the property. The City shall give Sundiata Menelik si�c months to complete one-half of the items as listed on the Code Compliance Inspection Report. Provided that one-half of the items have been completed within the si�c months after the execution of this Agreement, the City shall then give Sundiata Menelik an additional six months to complete all of the items on the Code Compliance Inspection Report and obtain a code compliance certificate. Upon the receipt of the certificate, the City sha11 be perxnanently stayed from demolishing the subject properry while a valid certificate of code compliance is in place. In addition, the City agrees to cooperate with Sundiata Menelik in the obtaining of building pernuts and inspections. In mutual consideration, the City of St. Paul agrees to fully and forever release and covenants not to sue Associates Home Equity Industrial Loan Company, its agents, representatives, servants, employees, attorneys, subsidiaries, affiliates, predecessors and successors in interest and assigns, from any and all past, present, or future claims with respect to the subject matter of the above-captioned case. 2. Sundiata Menelik's Obli ations. Sundiata Menelik agrees to use his best efforts to rehabilitate the property and to bring it into compliance with the City Code. He shall complete at least one-half (%2) of the items on the code compliance list within six months from the date of the execution of this Agreement. Upon the expiration of the six months after the date of this Agreement, Sundiata Menelik will then cali for an inspection by the City. Provided that one-half of the code compliance items have been completed, Sundiata Menelik will be given an additional six months in which to bring the subject properiy into code compliance. In addition, Sundiata Menelik agrees to pay the vacant building fees and to apply for the appropriate buiiding permits. Furthermore, Sundiata Menelik agrees to indemnify and hold hannless Associates Home 4 ou-ust Equity Industrial Loan Company, its officers, directors, employees, and agents from and against all liability, suits, obligations, fines, damages, judgments, injuries, administrative order, and causes of action concerning or related to the subject properiy. Associates' Obligations. In mutual consideration, Associates Home Equity Industrial Loan Company agrees to fuily and forever release and covenants not to sue the City of St. Paul, its agents, representatives, servants, employees, attorneys, and assigns, from any and all past, present, or future claims with respect to the subject matter of the above-captioned case. 4. Counterparts. This Agreement may be executed in one ot more counterparts, each of which shall be deemed an original, but all of which taken together sha11 constitute one and the same instrument. 5. Entire Agreement and Successors in Interest. This Settlement and Release Agreement contains the entire agreement among the parties as to the matters set forth herein and supersedes all prior understandings and agreements, whether oral or in writing, and shall be binding upon and inure to the benefit of the executors, administratars, personal representatives, heirs, successors and assigns of each. No supplement, modification or amendment of this Settlement Agreement and Release shall be binding or valid unless in cvriting and signed by a11 the parties to this Release by their authorized representatives. IN WITNESS WHEREOF, the parties have executed this Settlement and Release Agreement on the respective dates as set forth below. ASSOCIATES HOME EQUITY INDUSTRIAL LOAN COMPANY po-�\s\ DATED: DATED: DATED: : ITS: CITY OF ST. PAUL : ITS: : Sundiata Menelik I \USERS�RQ.EI9MCS0\]ROS\414 FdmundNssociazes Medin mpd Council File # �O � \l51 ORIGI �,�L Presented By Referred To RESOLUTION CITY OF SAINT PAUL, G] Green Sheet # I o �( S.4 3 f, Date 1 WHEREAS, the City Council originally adopted Council File # 00-899 on September 27, 2000, 2 which gave the property owner 15 days to repair or remove the nuisance structure located at 414 3 Edmund Avenue in St. Paul; 4 WHEREAS, the property owner petitioned for and received a Writ of Certiorari from the Court of Appeals; 10 11 12 13 14 15 16 17 18 19 20 21 22 WHEREAS, the City is currently stayed from demolishing the structure located at 41A Edmund Avenue in St. Paul until resolurion of the Writ of Certiorari; WHEREAS, since the passage of the resolution, the property owner has entered into a purchase agreement with an individual who is willing to pay the vacant building fees, pull permits and rehabilitatethe structure; WHEREAS, the City Council is desirous of having the nuisance property rehabilitated without fiirther expenses associated with litigation; BE IT RESOLVED, that the Saint Paul City Council hereby approves the contents of the attached Settlement and Release Agreement and authorizes the City Attorney and/or his duly authorized representative and a representative from vacant buildings to sign and execute the attached agreement. Adoption Certified by Council Secretary By: Approved by Mayor: Date e[s Go 2�� By : ��� � Requested by Department of: �c� c � Ccfv� ��/+�-� B �,�� �� � �_ Foxm Approved b City Attorney f � , (/ �n 9 `r Bp: (��/� kJ / . , (f '. 7 Approv May r for Submission to Council By: Adopted by Council: Date �s.c., �TC�C� On-tL51 �,�a�� 11/30/00 TOTAL # OF SIGNATURE PACaER GREEN SHEET �...,�� No 1 C !� ? � 3 �� ❑ �..,� ❑ a,.� _ ❑ .,�..�, � ❑ .,�.,�,�.a ❑MYORI�At9�TMI1) ❑ (CLIP ALL LOCATIONS FOR SIGNATUREy Resoiution Approvi� a Settlement Agreement Between the City of St. Paul and Ford Cons�er Finar�ce Industrial Loan Company. PLANNING CAMMISSION CB COMMITTEE CIVIL SERVICE CAMMISSION tws mis ae�soNrrm e�.er workea unaer e canha.t rw mu depammem7 YES NO Fiaa thia P�eoNfirm ever been a dtY emWuYee4 vES NO Ooes thie Pecsonlfi�m P� a sWL rot rn�malbP�� M' �Y cumeM city emWoYee4 VES NO Is thie perBOrJfiim a terpeted vendoR YES NO Ford Filed a writ of Certiorari against the City ny_��.cr.r�a.� Settles case< property rehai�ilitated. None Continuous lit�qation and nuisance property remains TRANSACTION sourtce N/A INFORMATON (IXPWNJ COST/REVFNUE BUDfiETm (CIRCLE ON� , YES NO ACTIVI7YNUMBER B� R�SB�uSC�! f;��i�i�C Oa-l�s� STATE OF 1VTINNESOTA IN COURT OF APPEALS Ford Consumer Finance Industrial Loan Company, a Minnesota corporation, n/k/a Associates Home Equity Industrial Loan Company, a Minnesota corporation, Relator, vs. City of Saint Paul, Respondent. SETTLEMENT AND RELEASE AGREEMENT Court of Appeals Case No. CX-00-1919 This Settlement and Kelease Agreement is effective as of December _, 2000 between Relator Associates Home Equity Industrial Loan Company (f/k/a Ford Consumer Finance Industrial Loan Company (hereinafter "Associates"), Respondent City of St. Paul (hereinafter "City"), and Sundiata Menelik. RECITALS WHEREA5, this appeal involves the real properry located at 414 Edmund Avenue, City of St. Paul and is legally described as: Lot 22, Block 9, Smith Subdivision of Stinson's Division of the Northwest 1/4 of Section 36, Township 29, Range 23, County of Ramsey, State of Minnesota ("subject property"). 00 -��s � WfIBREAS, on or about January 26, 1995, Leone Medin executed a Mortgage on the subject property in favor of Ford Consumer Financial Industrial Loan Company which was filed for record in the Office of the Ramsey County Recorder on March 24, 1995 as Document Number 2860934. WFIEREAS, Leone Medin subsequently defaulted on the mortgage payments. WHEREAS, Associates was unable to compel Leone Medin to make the required repairs in order to comply with the City Code. WHEREAS, the City of St. Paul intended to demolish the aforesaid subject properiy as a result of the failure to rectify the code violations. WHEREAS, on September 27, 2000, a Hearing was held before the City Legislative Hearing Officer who concluded that the subject property comprised a nuisance condition which necessitated the demolifion and removal of the building on the subject properry. WIIEREAS, the St. Paul City Council accepted the Legislative Hearing Officer's Findings and Order and passed a Resolution, dated September 27, 2000 requiring the demolition of the subject property. WHEREAS, the Mayor signed the Resolution on October 4, 2000. WHEREAS, prior to the signing of the Resolution, Associates began the process of foreclosing the property by advertisement. WHEREAS, Associates purchased the subject property at the Sheriff s Sale which was held on August 31, 2000 and that said purchase was contingent upon the expiration of the five- week redemption period. 2 oo-��st WHEREAS, the fee title to the property did not vest in the name of Associates unril October 2000. WHEREAS, Associates filed a Writ of Certiorari, Petition and a Morion with the Court of Appeals requesting that the demolition be stayed. WHEREAS, the City consented to a temporary stay of the demolition. WI Associates has entered into a Purchase Agreement dated November 2, 2000 for the sale of the property to Sundiata Menelik. WHEREAS, Sundiata Menelik has examined the results of the Code Compliance Inspection Report as stated in the letter from Donald F. Wagner, Building Inspector, dated July 7, 2000. A true and accurate copy of said Code Compliance Report is attached as E�ibit A. WHEREAS, Sundiata Menelik is a housing contractor and intends to rehabilitate the subject property and to bring it into compiiance with City Code. WHEREAS, Associates and the Ciry are desirous of avoiding fiu•ther expenses relative to the litigation of this matter. WHEREAS, it is in the best interest of all of the parties to rehabilitate the subject properry within a reasonable time to ensure that the subject properry remains on the tax rolls of the City. AGREEMENT In consideration of the mutual covenants expressed and agreed to, Associates Home Equity Industriai Loan Company, the City of St. Paul, and Sundiata Menelik agree as follows: 1. City of St. Paul's Obiieations. The City of St. Paui agrees to cease all efforts ta demolish said properiy provided that Sundiata Menelik purchases the properiy and uses his best Oo -�\sl efforts to rehabilitate the property. The City shall give Sundiata Menelik si�c months to complete one-half of the items as listed on the Code Compliance Inspection Report. Provided that one-half of the items have been completed within the si�c months after the execution of this Agreement, the City shall then give Sundiata Menelik an additional six months to complete all of the items on the Code Compliance Inspection Report and obtain a code compliance certificate. Upon the receipt of the certificate, the City sha11 be perxnanently stayed from demolishing the subject properry while a valid certificate of code compliance is in place. In addition, the City agrees to cooperate with Sundiata Menelik in the obtaining of building pernuts and inspections. In mutual consideration, the City of St. Paul agrees to fully and forever release and covenants not to sue Associates Home Equity Industrial Loan Company, its agents, representatives, servants, employees, attorneys, subsidiaries, affiliates, predecessors and successors in interest and assigns, from any and all past, present, or future claims with respect to the subject matter of the above-captioned case. 2. Sundiata Menelik's Obli ations. Sundiata Menelik agrees to use his best efforts to rehabilitate the property and to bring it into compliance with the City Code. He shall complete at least one-half (%2) of the items on the code compliance list within six months from the date of the execution of this Agreement. Upon the expiration of the six months after the date of this Agreement, Sundiata Menelik will then cali for an inspection by the City. Provided that one-half of the code compliance items have been completed, Sundiata Menelik will be given an additional six months in which to bring the subject properiy into code compliance. In addition, Sundiata Menelik agrees to pay the vacant building fees and to apply for the appropriate buiiding permits. Furthermore, Sundiata Menelik agrees to indemnify and hold hannless Associates Home 4 ou-ust Equity Industrial Loan Company, its officers, directors, employees, and agents from and against all liability, suits, obligations, fines, damages, judgments, injuries, administrative order, and causes of action concerning or related to the subject properiy. Associates' Obligations. In mutual consideration, Associates Home Equity Industrial Loan Company agrees to fuily and forever release and covenants not to sue the City of St. Paul, its agents, representatives, servants, employees, attorneys, and assigns, from any and all past, present, or future claims with respect to the subject matter of the above-captioned case. 4. Counterparts. This Agreement may be executed in one ot more counterparts, each of which shall be deemed an original, but all of which taken together sha11 constitute one and the same instrument. 5. Entire Agreement and Successors in Interest. This Settlement and Release Agreement contains the entire agreement among the parties as to the matters set forth herein and supersedes all prior understandings and agreements, whether oral or in writing, and shall be binding upon and inure to the benefit of the executors, administratars, personal representatives, heirs, successors and assigns of each. No supplement, modification or amendment of this Settlement Agreement and Release shall be binding or valid unless in cvriting and signed by a11 the parties to this Release by their authorized representatives. IN WITNESS WHEREOF, the parties have executed this Settlement and Release Agreement on the respective dates as set forth below. ASSOCIATES HOME EQUITY INDUSTRIAL LOAN COMPANY po-�\s\ DATED: DATED: DATED: : ITS: CITY OF ST. PAUL : ITS: : Sundiata Menelik I \USERS�RQ.EI9MCS0\]ROS\414 FdmundNssociazes Medin mpd Council File # �O � \l51 ORIGI �,�L Presented By Referred To RESOLUTION CITY OF SAINT PAUL, G] Green Sheet # I o �( S.4 3 f, Date 1 WHEREAS, the City Council originally adopted Council File # 00-899 on September 27, 2000, 2 which gave the property owner 15 days to repair or remove the nuisance structure located at 414 3 Edmund Avenue in St. Paul; 4 WHEREAS, the property owner petitioned for and received a Writ of Certiorari from the Court of Appeals; 10 11 12 13 14 15 16 17 18 19 20 21 22 WHEREAS, the City is currently stayed from demolishing the structure located at 41A Edmund Avenue in St. Paul until resolurion of the Writ of Certiorari; WHEREAS, since the passage of the resolution, the property owner has entered into a purchase agreement with an individual who is willing to pay the vacant building fees, pull permits and rehabilitatethe structure; WHEREAS, the City Council is desirous of having the nuisance property rehabilitated without fiirther expenses associated with litigation; BE IT RESOLVED, that the Saint Paul City Council hereby approves the contents of the attached Settlement and Release Agreement and authorizes the City Attorney and/or his duly authorized representative and a representative from vacant buildings to sign and execute the attached agreement. Adoption Certified by Council Secretary By: Approved by Mayor: Date e[s Go 2�� By : ��� � Requested by Department of: �c� c � Ccfv� ��/+�-� B �,�� �� � �_ Foxm Approved b City Attorney f � , (/ �n 9 `r Bp: (��/� kJ / . , (f '. 7 Approv May r for Submission to Council By: Adopted by Council: Date �s.c., �TC�C� On-tL51 �,�a�� 11/30/00 TOTAL # OF SIGNATURE PACaER GREEN SHEET �...,�� No 1 C !� ? � 3 �� ❑ �..,� ❑ a,.� _ ❑ .,�..�, � ❑ .,�.,�,�.a ❑MYORI�At9�TMI1) ❑ (CLIP ALL LOCATIONS FOR SIGNATUREy Resoiution Approvi� a Settlement Agreement Between the City of St. Paul and Ford Cons�er Finar�ce Industrial Loan Company. PLANNING CAMMISSION CB COMMITTEE CIVIL SERVICE CAMMISSION tws mis ae�soNrrm e�.er workea unaer e canha.t rw mu depammem7 YES NO Fiaa thia P�eoNfirm ever been a dtY emWuYee4 vES NO Ooes thie Pecsonlfi�m P� a sWL rot rn�malbP�� M' �Y cumeM city emWoYee4 VES NO Is thie perBOrJfiim a terpeted vendoR YES NO Ford Filed a writ of Certiorari against the City ny_��.cr.r�a.� Settles case< property rehai�ilitated. None Continuous lit�qation and nuisance property remains TRANSACTION sourtce N/A INFORMATON (IXPWNJ COST/REVFNUE BUDfiETm (CIRCLE ON� , YES NO ACTIVI7YNUMBER B� R�SB�uSC�! f;��i�i�C Oa-l�s� STATE OF 1VTINNESOTA IN COURT OF APPEALS Ford Consumer Finance Industrial Loan Company, a Minnesota corporation, n/k/a Associates Home Equity Industrial Loan Company, a Minnesota corporation, Relator, vs. City of Saint Paul, Respondent. SETTLEMENT AND RELEASE AGREEMENT Court of Appeals Case No. CX-00-1919 This Settlement and Kelease Agreement is effective as of December _, 2000 between Relator Associates Home Equity Industrial Loan Company (f/k/a Ford Consumer Finance Industrial Loan Company (hereinafter "Associates"), Respondent City of St. Paul (hereinafter "City"), and Sundiata Menelik. RECITALS WHEREA5, this appeal involves the real properry located at 414 Edmund Avenue, City of St. Paul and is legally described as: Lot 22, Block 9, Smith Subdivision of Stinson's Division of the Northwest 1/4 of Section 36, Township 29, Range 23, County of Ramsey, State of Minnesota ("subject property"). 00 -��s � WfIBREAS, on or about January 26, 1995, Leone Medin executed a Mortgage on the subject property in favor of Ford Consumer Financial Industrial Loan Company which was filed for record in the Office of the Ramsey County Recorder on March 24, 1995 as Document Number 2860934. WFIEREAS, Leone Medin subsequently defaulted on the mortgage payments. WHEREAS, Associates was unable to compel Leone Medin to make the required repairs in order to comply with the City Code. WHEREAS, the City of St. Paul intended to demolish the aforesaid subject properiy as a result of the failure to rectify the code violations. WHEREAS, on September 27, 2000, a Hearing was held before the City Legislative Hearing Officer who concluded that the subject property comprised a nuisance condition which necessitated the demolifion and removal of the building on the subject properry. WIIEREAS, the St. Paul City Council accepted the Legislative Hearing Officer's Findings and Order and passed a Resolution, dated September 27, 2000 requiring the demolition of the subject property. WHEREAS, the Mayor signed the Resolution on October 4, 2000. WHEREAS, prior to the signing of the Resolution, Associates began the process of foreclosing the property by advertisement. WHEREAS, Associates purchased the subject property at the Sheriff s Sale which was held on August 31, 2000 and that said purchase was contingent upon the expiration of the five- week redemption period. 2 oo-��st WHEREAS, the fee title to the property did not vest in the name of Associates unril October 2000. WHEREAS, Associates filed a Writ of Certiorari, Petition and a Morion with the Court of Appeals requesting that the demolition be stayed. WHEREAS, the City consented to a temporary stay of the demolition. WI Associates has entered into a Purchase Agreement dated November 2, 2000 for the sale of the property to Sundiata Menelik. WHEREAS, Sundiata Menelik has examined the results of the Code Compliance Inspection Report as stated in the letter from Donald F. Wagner, Building Inspector, dated July 7, 2000. A true and accurate copy of said Code Compliance Report is attached as E�ibit A. WHEREAS, Sundiata Menelik is a housing contractor and intends to rehabilitate the subject property and to bring it into compiiance with City Code. WHEREAS, Associates and the Ciry are desirous of avoiding fiu•ther expenses relative to the litigation of this matter. WHEREAS, it is in the best interest of all of the parties to rehabilitate the subject properry within a reasonable time to ensure that the subject properry remains on the tax rolls of the City. AGREEMENT In consideration of the mutual covenants expressed and agreed to, Associates Home Equity Industriai Loan Company, the City of St. Paul, and Sundiata Menelik agree as follows: 1. City of St. Paul's Obiieations. The City of St. Paui agrees to cease all efforts ta demolish said properiy provided that Sundiata Menelik purchases the properiy and uses his best Oo -�\sl efforts to rehabilitate the property. The City shall give Sundiata Menelik si�c months to complete one-half of the items as listed on the Code Compliance Inspection Report. Provided that one-half of the items have been completed within the si�c months after the execution of this Agreement, the City shall then give Sundiata Menelik an additional six months to complete all of the items on the Code Compliance Inspection Report and obtain a code compliance certificate. Upon the receipt of the certificate, the City sha11 be perxnanently stayed from demolishing the subject properry while a valid certificate of code compliance is in place. In addition, the City agrees to cooperate with Sundiata Menelik in the obtaining of building pernuts and inspections. In mutual consideration, the City of St. Paul agrees to fully and forever release and covenants not to sue Associates Home Equity Industrial Loan Company, its agents, representatives, servants, employees, attorneys, subsidiaries, affiliates, predecessors and successors in interest and assigns, from any and all past, present, or future claims with respect to the subject matter of the above-captioned case. 2. Sundiata Menelik's Obli ations. Sundiata Menelik agrees to use his best efforts to rehabilitate the property and to bring it into compliance with the City Code. He shall complete at least one-half (%2) of the items on the code compliance list within six months from the date of the execution of this Agreement. Upon the expiration of the six months after the date of this Agreement, Sundiata Menelik will then cali for an inspection by the City. Provided that one-half of the code compliance items have been completed, Sundiata Menelik will be given an additional six months in which to bring the subject properiy into code compliance. In addition, Sundiata Menelik agrees to pay the vacant building fees and to apply for the appropriate buiiding permits. Furthermore, Sundiata Menelik agrees to indemnify and hold hannless Associates Home 4 ou-ust Equity Industrial Loan Company, its officers, directors, employees, and agents from and against all liability, suits, obligations, fines, damages, judgments, injuries, administrative order, and causes of action concerning or related to the subject properiy. Associates' Obligations. In mutual consideration, Associates Home Equity Industrial Loan Company agrees to fuily and forever release and covenants not to sue the City of St. Paul, its agents, representatives, servants, employees, attorneys, and assigns, from any and all past, present, or future claims with respect to the subject matter of the above-captioned case. 4. Counterparts. This Agreement may be executed in one ot more counterparts, each of which shall be deemed an original, but all of which taken together sha11 constitute one and the same instrument. 5. Entire Agreement and Successors in Interest. This Settlement and Release Agreement contains the entire agreement among the parties as to the matters set forth herein and supersedes all prior understandings and agreements, whether oral or in writing, and shall be binding upon and inure to the benefit of the executors, administratars, personal representatives, heirs, successors and assigns of each. No supplement, modification or amendment of this Settlement Agreement and Release shall be binding or valid unless in cvriting and signed by a11 the parties to this Release by their authorized representatives. IN WITNESS WHEREOF, the parties have executed this Settlement and Release Agreement on the respective dates as set forth below. ASSOCIATES HOME EQUITY INDUSTRIAL LOAN COMPANY po-�\s\ DATED: DATED: DATED: : ITS: CITY OF ST. PAUL : ITS: : Sundiata Menelik I \USERS�RQ.EI9MCS0\]ROS\414 FdmundNssociazes Medin mpd