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DATE: 1-11-00 <br />ITEM NO.: 5 <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: Arvind Patel <br />Location of Property: 1616 University Avenue (Hiway Host Motel) <br />Negotiable Item: Price and Terms <br />City Negotiator: Robert C. Wales <br />[Government Code Section 54956.8] <br />A closed session will be held on January 11, 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 §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 abstention of <br />each member, shall be disclosed immediately following this closed session. [Gov't. Code §54957.1 (a) <br />(1) (A)] <br />Dated: January 3, 2000 <br />Stan T. Yamamot <br />Agency General �nse <br />cc: Executive Director <br />