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_____________________________________________________________________________________________ <br />JOINT CITY COUNCIL/SUCCESSOR AGENCY BOARD/ March 9, 2026 <br />PUBLIC FINANCING AUTHORITY MEETING MINUTES PAGE 7 <br /> <br /> MINUTE BOOK NO. 70 <br /> <br />Closed session regarding real property negotiations pursuant to Government <br />Code Section 54956.8: <br />Gov’t Code § 54956.8: “...a legislative body of a local agency may hold a closed <br />session with its negotiator prior to the purchase, sale, exchange, or lease of real <br />property by or for the local agency to grant authority to its negotiator regarding <br />the price and terms of payment for the purchase, sale, exchange, or lease.” <br /> <br /> <br /> Property: 350 Convention Way, Redwood City, CA 94063 <br /> Agency Negotiator: Patrick Heisinger, City Manager <br /> <br /> Negotiating Parties: Outfront Media <br />Jeff McCuen, Director of Real Estate/Digital <br />Development <br /> <br />Foster Interstate Media, Inc. <br />John Foster, President <br /> <br />Monterra Credit Union Robert Carter, Vice President of Administrative Services Under Negotiation: Price and Terms for Lease of Property <br />3. PUBLIC EMPLOYEE PERFORMANCE EVALUATION <br /> <br />Closed session regarding public employee performance evaluation pursuant to <br />paragraph (1) of subdivision (b) of Government Code Section 54957: <br />Title: City Attorney <br />There was no reportable action. <br /> <br />13. ADJOURNMENT – Mayor Martínez Saballos adjourned the meeting at 10:25pm. <br /> <br />Respectfully submitted. <br /> <br /> <br /> <br /> <br />Yessika Castro, City Clerk, CMC, CPMC <br />Approved at the April 2, 2026 City Council meeting