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DATE: 8-22-00 <br />ITEM NO.: 9 <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 />FROM: <br /> <br />SUBJECT: <br /> <br />Honorable Mayor and Members of the Redevelopment Agency <br /> <br />Stan T. Yamamoto, General Counsel <br /> <br />Closed Session - Real Property Transaction [Govemment Code Section 54956.8] <br /> <br />Name of Party: <br />Party's Negotiator: <br />Location of Property: <br />Negotiable Item: <br />Agency Negotiator: <br /> <br />Litchfield Advisors/Hughes Investments <br />George W. Carroll/Bill Hughes <br />3690 Riverside Plaza <br />Price, terms of payment <br />Robert C. Wales, Executive Director <br /> <br />A closed session will be held on August 22, 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: August 16, 2000 <br /> <br />cc: Executive Director <br /> <br />Agency G~unsel <br /> <br />9 <br /> <br /> <br />