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<br />.. <br /> <br />. <br /> <br />. <br /> <br />. <br /> <br />3. <br /> <br />DEVELOPMENT AGREEMENTS <br /> <br />A. <br /> <br />B. <br /> <br />CONTINUATION OF REQUEST TO CASH GOOD FAITH DEPOSIT FROM <br />MOHLER-VISTA <br /> <br />Recommendation: <br /> <br />1. <br /> <br />Terminate the Participation Agreement between <br />the Agency and Mohler-Vista, dated February 19, <br />1980, as amended on December 15, 1980, and <br />retain the good faith deposit as liquidated <br />damages pursuant to the Agreement. <br /> <br />2. <br /> <br />Grant Mohler-Vista a 90-day exclusive right to <br />negotiate for the site based on their office <br />condominium proposal. <br /> <br />Commission Recommendation: <br /> <br />1. <br /> <br />Terminate the Participation Agreement between <br />the Agency and Mohler-Vista, dated February 19, <br />1980, as amended on December 15, 1980, and <br />retain the good faith deposit as liquidated <br />damages pursuant to the Agreement. <br /> <br />2. <br /> <br />Grant Mohler-Vista a 90-day exclusive right to <br />negotiate for the site based on their office <br />condominium proposal. <br /> <br />EXCLUSIVE RIGHT TO NEGOTIATE FOR BLOCK BOUNDED BY SYCAMORE, <br />MAIN, SECOND AND THIRD STREETS <br /> <br />Recommendation: Recommend that Barbara Mathewson, <br />John Yelland and Robert Lawson be granted a second <br />six month exclusive right to negotiate for the devel- <br />opment of the block bounded by Sycamore and Main, <br />Second and Third Streets, excepting only the Builders <br />Exchange Building on the southeast corner of the <br />subject block contingent upon the payment of one- <br />half the cost of necessary appraisals and economic <br />feasibility analysis. <br /> <br />Commission Recommendation: Recommend that Barbara <br />Mathewson, John Yelland and Robert Lawson be granted <br />a second six month exclusive right to negotiate for <br />the development of the block bounded by Sycamore and <br />Main, Second and Third Streets, excepting only the <br />Builders Exchange Building on the southeast corner <br />of the subject block contingent upon the payment of <br />one-half the cost of necessary appraisals and economic <br />feasibility analysis. <br /> <br />-2- <br />