From
Steve Alcorn
Title
Settlement Agreement in Winn Gjetley litigation
Presenter
Stephen Alcorn, Assistant City Attorney
Recommended Action
Approve or deny
Analysis
The City paid $1,475,000 to Tommy Winn and Leland Gjetley for the acquisition of right of way to extend Forum Drive and then Sara Jane Parkway across their property, and to allow better traffic flow between Highway 360, Great Southwest Parkway, and Highway 161. One of those suits is still pending, and the landowners are claiming that they should receive more money for such property. In addition to acquiring the property to build those roads, the City Council levied assessments, based upon the enhancement to the value of their property and the costs of construction, of almost $2,000,000 against the property. Winn and Gjetley filed two separate lawsuits objecting to the assessments, and a District Judge set those assessments aside. After several months of negotiation, the parties proposed to resolve the matter, and have prepared a comprehensive settlement agreement. You will briefed on the details of the proposed settlement in executive session prior to taking any vote in the public session.