Vail confirms that the city’s legal troubles with Randy Wang are over.
Written by MATTHEW WONG / Published October 15, 2010
A court has now approved the settlement agreement between Piazza developer Randy Wang and the city of Temple City.
The confirmation came Tuesday, March 2, 2010, when City Attorney Eric Vail informed the City Council and Temple City residents that the litigation between Wang and the city are now resolved.
According to Vail, his office, Burke, Williams, and Sorensen LLP filed a judgment to the court on February 24.
“That judgment fully resolves the case,” Vail said.
Vail added, “The development agreement and the owner-participation agreement the city entered to with TCD Enterprises is now void.”
The Pasadena Star News first reported that a deal had been struck between Wang and the city on February 25. The newspaper was also the first to report that settlement talks were occurring between the two parties in December.
“What happens now is we all pretend it never happened,” Patrick Duffy, Wang’s attorney, previously told the Star News.
As a result of the judgment, the city will not have the right to purchase the 3.7 acre lot for $5 million.
The Piazza developer previously faced a deadline in August 2009 to complete his project. Wang has never started construction on his proposed mixed-use development.
Today, the property on the corner of Las Tunas Drive and Rosemead Boulevard lies vacant.
Wang has submitted a new plan that significantly scales down his once promising development. The latest proposal calls for a single-story all commercial development.
Whether the new project gets developed in the midst of an economic downtown is uncertain, but what is more certain is that residents are unhappy.
Meanwhile, Temple City Councilwoman Judy Wong and former Temple City Mayor Cathé Wilson return to court on March 5 to fight charges of bribery.
The developer in 2008 accused the city officials of soliciting bribes in exchange for approval of his project.
One former city official, Dave Capra, has already resigned. Former state assembly candidate, Scott Carwile, and former Piazza construction manager, Jay Liayanage, are expected to testify against Wilson.