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<br />...5 /. A-£ <br /> <br />will remain the same, the esseoriaJ tenœ of the disposition will arguably not change. As such, tIøe is <br />no vio1ation of the public policy requiring full disclosure of the disposition, since the nature of the <br />transaction bas already been disclosed. Therefore, no additional public hearing is required <br /> <br />With regard to whether the Amended DDA needs to be brought back and approved by <br />a majority of the Board Members, Section 5 of the Agency Resolution approving the original DDA, <br />allows the Redevelopment Manager to execute the DDA with such non-substantive Changes as may <br />be approved by the Redevelopment Manager and! or Agency Counsel However, what constitutes <br />"non-substantive" depends on the policies and customs of the Board. As mentioned above, the <br />revisions to the DDA do not change the nature of the deal and, as such, are arguabIynon-subltantivc. <br />Moreover, there is no Jaw Rquiring every amendment of a DDA to be brought back to the approving <br />body. Nonetheless, the decision to bring the Amended DDA to the Board for approval remains a <br />policy decision. <br /> <br />MVC <br />RED W'OOO6\MEMO'ÐO3-1.doc <br /> <br />2 <br />