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DATE: January 4, 2000 <br />ITEM NO.: 4 <br />MEMORANDUM FROM THE GENERAL COUNSEL CONCERNING A CLOSED SESSION <br />BEFORE THE REDEVELOPMENT AGENCY OF THE CITY OF RIVERSIDE <br />TO: Honorable Mayor and Members of the Redevelopment Agency <br />FROM: Stan T. Yamamoto, General Counsel <br />SUBJECT: Closed Session — Real Property Transaction <br />Name of Party/Neg_otiator: The Zelman Companies/Robert D. Exel <br />Location of ProWrty: 1710-1756 University Avenue and <br />3849-4135 Chicago Avenue <br />Negotiable Ite : Price, terns of payment <br />City Ne otg iator: Robert C. Wales <br />[Government Code Section 54956.8] <br />A closed session will be held on January 4, 2000, for the purpose of giving instructions to your <br />negotiator regarding the price and terms of payment for the purchase, sale, exchange or lease of <br />real property. [Gov't. Code Section 54956.8] <br />If the Redevelopment Agency's approval renders the agreement final concluding the real estate <br />negotiations, the substance of said agreement and the approval thereof, including the vote or <br />abstention of each member, shall be disclosed immediately following this closed session. <br />[Gov't. Code Section 54957.1 (a) (1) (A)] <br />Dated: December 23, 1999 <br />cc: Executive Director <br />11 <br />Stan T. Ya amoto <br />Agency General Counsel <br />