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<br />. <br /> <br />. <br /> <br />. <br /> <br />. <br /> <br />and (2) authorize Staff to negotiate with OCTD regarding <br />development of an alternative financing plan for construction. <br /> <br />ORAL REPORT ON PROGRESS OF CCDC/LESNY/JONES AGREEMENT <br /> <br />The Executive Director reported that the Agency previously <br />granted to CCDe and Lesny Development Company a six month <br />exclusive right to negotiate subject to the formulation of a <br />written agreement between CeDe, Lesny and Allen Jones within 30 <br />days. The 30 days will be up this Thursday. The Executive <br />Director reported that he received a letter from Lesny requesting <br />an extension of time for an additional 30 days. He further <br />stated that he believes that Mr. Jones is not objecting to this. <br />request and would recommend that the additi~nal 30 days be' <br />granted in order that CCDC, Lesny and Jones can complete their <br />negotiations. <br /> <br />The Vice Chairman instructed staff to report back to the Agency <br />at the next Agency meeting. <br /> <br />ADJOURNMENT <br /> <br />There being no further business before the Redevelopment Agency, <br />the meeting was adjourned at 4:00 P.M. <br /> <br />~ L~~n <br /> <br />~ <br /> <br />Executive Director <br /> <br />-6- <br />