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<br />.. <br /> <br />. '. <br />,.. <br /> <br />. <br /> <br />. <br /> <br />. <br /> <br />Mr. David N. Ream <br />August 29, 1980 <br />Page 3 <br /> <br />The receipt by the Bank of the notices for this proceeding <br />and other actions taken by the Agency's representatives <br />appear to be a deferment of negotiations for the purpose of <br />coercing the Bank into an agreement with the Agency based <br />upon the Agency's price and conditions. Such coercive <br />activity is prohibited under Section 7267.5 of the California <br />Government Code. <br /> <br />It should be noted that the Bank will bear a l~rge <br />percentage of the assessments to be made against property <br />owners who will be using the Downtown Parking structure. As <br />of this Date, no bids have been obtained for the construction <br />of the Downtown Parking Structure and no data has been <br />obtained with respect to the formulation and establishment <br />of the assessment district. Nevertheless, in a spirit of <br />cooperation, the Bank has proceeded to negotiate in good <br />faith and to reach the agreement set forth in the enclosed <br />letter. The Bank intends to continue operating in good <br />faith and hopes that the Agency will respond in a like <br />manner. <br /> <br />Very truly yours, <br /> <br />(/~ f Iih£~ <br /> <br />Mark D. Breakstone <br /> <br />MDB/rd <br /> <br />cc: <br /> <br />Nicholas M. Soccio <br />Vice President <br />Bank Properties Department <br /> <br />/0 <br />