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<br />MEMORANDUM FROM THE GENERAL COUNSEL <br />CONCERNING A CLOSED SESSION BEFORE THE <br />REDWOOD CITY REDEVELOPMENT AGENCY BOARD <br /> <br />TO: <br /> <br />Board of Directors <br /> <br />FROM: <br /> <br />Stan Yamamoto, General Counsel <br /> <br />SUBJECT: <br /> <br />Closed Session - Real Property [Gov't. Code §54956.8J <br /> <br />Conference with Real Property Negotiators <br /> <br />Property: <br /> <br />APN 052 372 170 <br /> <br />Owner of Record: <br /> <br />Richard Gardella <br /> <br />Agency Negotiator: <br /> <br />Susan F. Moeller, Redevelopment Manager <br /> <br />Under Negotiation: <br /> <br />Price and terms of payment <br /> <br />A closed session will be held on July 24, 2006, for the purpose of giving instructions to your <br />negotiator regarding the price and terms of payment for the purchase, sale, exchange or lease <br />of real property. [Gov't. Code §54957.8J <br /> <br />If the Agency Board renders the agreement final, they shall report that approval and the <br />substance of the agreement in open session at the public meeting during which the closed <br />session is held. [Gov't Code §54957.1(A)J <br /> <br />If final approval rests with the other party to the negotiations, the Agency shall disclose the fact <br />of that approval and the substance of the agreement upon inquiry by any person, as soon as the <br />other party or its agent has informed the Agency of its approval. [Gov't. Code §54957. 1 (B)J <br /> <br />Dated: July 24, 2006. <br /> <br />