Land Swap Used To Settle Lengthy Project Dispute.The developers of a proposed housing project and the city of Glendale have reached an unusual agreement to settle a long-running dispute. Under terms of the deal, Gangi Development Co. will give up most of its plan to build a housing subdivision on 21 acres of hillside Hillside may refer to: Places
n. 1. A residence in a city. 2. A row house, especially a fashionable one. development on a two-acre parcel near the Foothill (210) Freeway. Land swaps are always difficult to execute, but this one is especially unusual, the two parties point out, because it gives the city so much more property than the developer will retain. But the settlement makes sense, Gangi officials said, because it allows the company to meet its financial objectives and retains the goodwill of the community, which has opposed the original project. "We wind up with essentially the same profit at the end of the day and alleviate Alleviate To make something easier to be endured. Mentioned in: Kinesiology, Applied all the controversy," said Robert Gangi, in-house In-house In the context of general equities, keeping an activity within the firm. For example, rather than go to the marketplace and sell a security for a client to anyone, an attempt is made to find a buyer to complete the transaction with the firm. counsel for the company. Gangi purchased the 21-acre site at Deer Pass Road in the early 1990s with plans to build a nine-unit residential subdivision. Years later, when Gangi began preparing a final tract map for the development, the company found that it would have to grade more of the hillside than was originally thought. The expense of the additional grading was only part of the problem. In the early 1990s, Glendale passed an ordinance A law, statute, or regulation enacted by a Municipal Corporation. An ordinance is a law passed by a municipal government. A municipality, such as a city, town, village, or borough, is a political subdivision of a state within which a municipal corporation has been that required developers to obtain separate approval if they wanted to build on the city's hillsides. And Glendale turned down Gangi's request for the additional grading. "The City Council felt that with the differential in the amount of dirt (being moved) that there might be other environmental consequences," said Scott Howard Scott Howard sings baritone with the Southern Gospel Quartet Legacy Five. He has been with the group since its inception in 2000. External Links Legacy Five's Homepage , Glendale's city attorney. The community dug its heels in, too. Homeowners had fought for the hillside ordinance in an attempt to put a stop to a development called Oakmont View, a 572-home project proposed for the Verdugo Mountains The Verdugo Mountains are a small mountain range located just south of the western San Gabriel Mountains in Los Angeles County, Southern California, The United States of America (USA). The range is commonly known simply as the Verdugos. . Although Gangi' s project was much smaller, allowing the development to go forward could have set a dangerous precedent, residents believed. (The battle over the Oakmont continues, and the developers are currently preparing a second environmental impact report.) |
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