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<br />DATE: 7-25-00 <br /> <br />ITEM NO.: 7 <br /> <br />MEMORANDUM FROM THE GENERAL COUNSEL CONCERNING A CLOSED SESSION <br />BEFORE THE REDEVELOPMENT AGENCY OF THE CITY OF RIVERSIDE <br /> <br />TO: Honorable Mayor and Members of the Redevelopment Agency <br /> <br />FROM: Stan T. Yamamoto, General Counsel <br /> <br />SUBJECT: Closed Session - Real Property Transaction [Government Code Section 54956.8J <br /> <br />Name of Party <br />Party's Negotiator: <br />Location of Property: <br /> <br />Zelman Retail Partners, Inc. <br />Robert Exel, Development Partner <br />Town Square Site: Southwesterly corner of University <br />and Chicago A venues, generally bounded by University <br />A venue on the north; Chicago A venue on the east; <br />Twelfth Street on the south; Mesa Street on the west; <br />Eleventh Street on the south; and Ottawa A venue on the <br />west. <br />Price, terms of payment <br />Robert C. Wales <br /> <br />Negotiable Item: <br />A~ency 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 *54956.8J <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 abstention of <br />each member, shall be disclosed immediately following this closed session. [Gov't. Code 954957.1 (a) <br />(1) (A)J <br /> <br />Dated: July 14, 2000 <br /> <br />_~A J~ <br /> <br />Stan T. Yamam~to J <br />Agency General ~sel <br /> <br />cc: Executive Director <br /> <br />7 <br />