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<br />DATE: 7-25-00 <br /> <br />ITEM NO.: 6 <br /> <br />MEMORANDUM FROM THE GENERAL COUNSEL CONCERNING A CLOSED SESSION <br />BEFORE THE REDEVELOPMENT AGENCY OF THE CITY OF RIVERSIDE <br /> <br />TO: <br /> <br />Honorable Mayor and Members of the Redevelopment Agency <br /> <br />FROM: <br /> <br />Stan T. Yamamoto, General Counsel <br /> <br />SUBJECT: Closed Session - Real Property Transaction (Government Code ~54956.8) <br /> <br />Name of Party: <br />Party'S Negotiator: <br />Location of Property: <br /> <br />City Electric Incorporated <br />John E. Stephenson, President <br />8856 Arlington Ave. and 8855 Philip Ave. <br />APN: 151-061-003 and 006 <br />Price and Terms <br />Robert C. Wales, Executive Director <br /> <br />Negotiable Item: <br />Agencv Negotiator: <br /> <br />A closed session will be held on July 25, 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 /> <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. [Gov't. <br />Code ~54957.1 (a) (1) (A)] <br /> <br />Dated: July 14,2000 <br /> <br />~J~ <br /> <br />Stan T. Y amaIPdf~ <br />Agency Ge~unsel <br /> <br />cc: Executive Director <br /> <br />6 <br />