Colon

OPINION AND ORDER

In this action brought under the Uniform Relocation Assistance and Real Property Acquisition Policies Act of 1970, 42 U.S.C. §§ 4601 et seq. (hereinafter cited as “the Act”), plaintiffs, Marco Colon, Richard Price and Isaac McArthur, former residents of the Lincoln Hotel (“Hotel”), now owned by the Federal Reserve Bank of San Francisco (“the Bank”), claim the Bank and its President, John Bailes, violated the Act by (1) denying dislocation allowances and moving expenses ( 42 U.S.C. § 4622 ) to all former Hotel tenants who vacated the building prior to February 1, 1978; (2) denying replacement housing payments ( 42 U.S.C. § 4624 ) to all former Hotel tenants who were not continuously in residence at the Hotel from August 13, 1974, to February 1, 1978; and (3) failing to assure that satisfactory replacement housing was available to the displaced tenants of the Hotel. 42 U.S.C. §§ 4625 , 4626.

Defendants have moved for summary judgment on the grounds inter alia that the claims of plaintiffs Price and McArthur are barred because of final and binding arbitration and that the statute of limitations has run and that the claim of the plaintiff Colon is barred because he…