Port deal.Port Deal: The nearly five-year long dispute between Los Angeles Los Angeles (lôs ăn`jələs, lŏs, ăn`jəlēz'), city (1990 pop. 3,485,398), seat of Los Angeles co., S Calif.; inc. 1850. Export Terminal Inc. and the city finally came to an end with a $27.7-million settlement. The terminal operator, owned by Florida-based Oxbow Carbon & Mineral Inc., agreed to vacate To annul, set aside, or render void; to surrender possession or occupancy. The term vacate has two common usages in the law. With respect to real property, to vacate the premises means to give up possession of the property and leave the area totally devoid of contents. 117 acres of port land and conduct environmental cleanup The process of removing solid, liquid, and hazardous wastes, except for unexploded ordnance, resulting from the joint operation of US forces to a condition that approaches the one existing prior to operation as determined by the environmental baseline survey, if one was conducted. work on the site while the city agreed to forgo about $46 million in back rent and give up a $19 million stake in the operation. "It seems like a high amount to pay a company for leaving, but I think it is ultimately the best thing for the Port of Los Angeles The Port of Los Angeles is located on San Pedro Bay in the San Pedro neighborhood of Los Angeles, approximately 20 miles (30 km) south of downtown. Also called Los Angeles Harbor and WORLDPORT LA and for the communities of Wilmington and San Pedro," Councilwoman Janice Hahn said. When the terminal operator sued the city in late 2004 for breach of contract and fiduciary duty it accused the city of trying to run it out of business. The operator suggested that Hahn and her predecessor on the council exerted influence in favor of a competitor, which the council members denied. |
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