City officials decided this week to pay the landlord of a former Pussycat Theatre, a bar and an adult bookstore $800,000 to settle a lawsuit against the City of Anaheim, which had taken the properties through its power of eminent domain and ordered them demolished.
The city Redevelopment Agency--which is composed of the City Council members--approved the settlement Tuesday. The lawsuit was scheduled for a jury trial this week but was postponed pending a decision on the settlement, City Atty. Jack L. White said.
When the city condemned the 10,637 square feet of property on Lincoln Avenue in 1983, it offered the owner $500,000, White said. Walnut Properties Inc. wanted $1.2 million, he said.
In settling for $800,000, White said, the city saved money by not risking losing the case in the trial, which could have meant Anaheim would have to pay more to the landlord and also to pay attorney fees.