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5/22/00 <br /> ORIGINAL <br /> <br /> RESOLUTION NO. RD-00-48 <br /> <br />- RESOLUTION APPROVING AND AUTHORIZING EXECUTION <br /> OF AMENDMENT TO AGREEMENT FOR EXCLUSIVE RIGHT <br /> TO NEGOTIATE <br /> <br /> (WESTERN INVESTMENT REAL ESTATE TRUST <br /> AND THE INNISFREE COMPANIES) <br /> <br /> WHEREAS, pursuant to Resolution No. RD-99-24 adopted May 17, 1999, <br /> this Agency entered into an Agreement for Exclusive Right to Negotiate with <br /> Western Investment Real Estate Trust, a California Business Trust, and the <br /> Innisfree Companies, a California corporation (the "Agreement"), dated June 10, <br /> 1999, regarding a proposed Redevelopment Project commonly described as the <br /> Downtown Retail-Cinema Project; and <br /> <br /> WHEREAS, the term of the Agreement, as extended by the Agency's <br /> Executive Director pursuant to paragraph 1 thereof, will expire May 30, 2000; <br /> and <br /> <br /> WHEREAS, an Environmental Impact Report is under preparation for the <br /> Project pursuant to the California Environmental Quality Act (Pub. Resources <br /> Code § 21000, et seq.; "CEQA"); and <br /> <br /> WHEREAS, it is to the mutual advantage of the parties that the <br /> environmental review be completed in order to provide necessary information for <br /> the negotiations conducted pursuant to the Agreement; and <br /> <br /> RD-033 <br /> F;ISharedlRedwood/Council/Reso <br /> DES:rg <br /> 05/16/00 <br /> <br /> <br />