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<br />2 <br />162441 <br />portable storage units may be stacked three high in the outside storage it utilizes on the Property; <br />and <br /> WHEREAS, the Owner, the City, and the Tenant, together constitute the “Parties” to this <br />Agreement; and <br /> WHEREAS, while the present zoning ordinance of the City precludes outside storage as <br />a permitted use in the industrial zone in which the Property is located, the Owner contends that <br />such outside storage is a grandfathered-nonconforming use, which predates the existence of the <br />City’s zoning ordinance provision precluding such outside storage; and <br /> WHEREAS, the City contests the Owner’s contention that the Property enjoys a <br />grandfathered-nonconforming use and both the Owner and the City are prepared to submit this <br />dispute to a court of competent jurisdiction for resolution; and <br /> WHEREAS, the Parties recognize that such a court resolution would be time consuming, <br />lengthy, expensive, and uncertain; and <br /> WHEREAS, the Parties wish to avoid such a lengthy, expensive and uncertain resolution <br />by entering into this Agreement, which constitutes a compromise of the various positions of the <br />parties. <br /> NOW THEREFORE, in consideration of the terms and conditions of this Agreement <br />the receipt and sufficiency of which as consideration is acknowledged and recognized by all of <br />the Parties, the Parties do hereby contract and agree as follows: <br />1. That any existing grandfathered rights to outside storage on the Property <br />inconsistent with the City’s zoning ordinance shall terminate as of December 31, 2017 <br />(“Termination Date”). After the Termination Date, the Property shall come into full compliance