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<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 Section 54956.8] <br /> <br />Name of Partyl Negotiator: <br /> <br />Donald S. Stalder, John D. Bippart and Alger J. Fast <br />(now deceased) as trustees of the S.F.& B. Trust <br />dated June 26, 1984 <br /> <br />Location of Property: <br /> <br />Stalder Building, 3650 Market Street (also having <br />addresses of 3757-3789 Mission Inn Avenue and <br />3660-3666 Market Street) <br /> <br />Negotiable Item: <br /> <br />Price, terms of payment <br /> <br />Agencv Negotiator: <br /> <br />Robert C. Wales, Executive Director <br /> <br />A closed session will be held on September 19, 2000, for the purpose of giving instructions to <br />your negotiator regarding the price and terms of payment for the purchase, sale, exchange or <br />lease of 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: September 15,2000 <br /> <br />?f~~'31i= ~ <br /> <br />Stan T. Y amoto <br />Agency General Counsel <br /> <br />cc: Executive Director <br /> <br />11 <br />