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AgdaPkt 2011-05-23
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AgdaPkt 2011-05-23
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Last modified
9/23/2013 11:02:31 AM
Creation date
5/19/2011 4:36:18 PM
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Template:
CC Index
CC Index - Document Type
Agenda Packet
Meeting Type
Joint
Agency Type
City Council and Redevelopment Agency
Date
5/23/2011
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- <br /> � <br /> ---�......_..,...... _ <br /> .� <br /> • <br /> t � ons <br /> RDA Authority: Assume utilization of the powers of <br /> the RDA. <br /> RDA Uncertainty: If RDA is significantly threatened <br /> during any RDA process , City can revert to City <br /> Charter or stop . <br /> Exclusive Right to Negotiate (ERN) : Once developer <br /> is selected - by any of the three methods -City can <br /> enter into an ERN (estimate 90 days) . <br /> Property Transfer: If favorable ERN terms are <br /> reached , the transfer from City to RDA to developer <br /> can occur is quick succession . <br />
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